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In successful prosecution of the war, the nation called for the utmost effort of its farmers. Their response was superb, their contribution unsurpassed. Farmers are not now to be blamed for the mountainous, price-depressing surpluses produced in response to wartime policies and laws that were too long continued. War markets are not the markets of peacetime.
The third is freedom from want which, translated into world terms, means economic understandings which will secure to every nation a healthy peacetime life for its inhabitants everywhere in the world.
Speaker, at your swearing in you asked us all to work together in a spirit of civility and bipartisanship. Mr. Speaker, let's do exactly that. Tonight, I stand before you to report that America has created the longest peacetime economic expansion in our history.
The rise in the cost of living, which had been gathering dangerous momentum in the late sixties, was reduced last year. Inflation will be further reduced this year. But as we have moved from runaway inflation toward reasonable price stability and at the same time as we have been moving from a wartime economy to a peacetime economy, we have paid a price in increased unemployment.
Conviction for offenses against the nation should not be behedged about with technicalities devised for over-refined peacetime jurisprudence. Why, there is no one of you, I am sure, but has at his tongue's tip the immortal words of Livonius as to this very topic: and so I shall not repeat them. But I fancy you will agree with me that what Livonius says is unanswerable."
And Juliana, I guess she wasn't ever frivolous enough for marriage. And that Pat she'll pick out one of them boys with a head like a seal, that knows all the new dances and what fork to use. Trust her! Not that she didn't show Whipple stuff over there. But she's a rattlepate in peacetime." "Yes, sir," said Wilbur.
This was done on the assurance that we would cooperate in restoring a state of peace where our rights would be protected by giving our assistance in the conduct of the next presidential election, which occurs in a few months. With this assurance the population returned to their peacetime pursuits, with the exception of some small roving bands of outlaws.
The period during which prices are supported will provide an opportunity for farmers individually to strengthen their position in changing over from a wartime to a peacetime basis of production. It will provide an opportunity for the Congress to review the needs of agriculture and make changes in national legislation where experience has shown changes to be needed.
In London next day there were more troops about than common, and recruits were drilling on the gravel walks back of Somerset House; and the people generally moved with a certain sober restraint, as people do who feel the weight of a heavy and an urgent responsibility. Otherwise the London of wartime seemed the London of peacetime.
It should provide for improvement of housing in rural areas and for the construction, over a 4-year period, of half a million units of public low-rental housing. It should authorize a single peacetime federal housing agency to assure efficient use of our resources on the vast housing front. The fourth major policy has to do with the balancing of the budget.
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