Word: magic
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Dates: during 1930-1939
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...last week Third Termites bored busily in the solid wooden pillars of U. S. politics. Scripps-Howard's cartoonist, Harold Talburt, caught the spirit of it in a drawing of Harry Hopkins and Harold Ickes, two urchins standing on the magic table of Franklin the Great, hoisting a third-term rabbit out of the absent wizard...
...while history embellished, it was not supposed to conceal, the hustings. Election of the men he wants was Franklin Roosevelt's immediate mission. Along his way, Senators and would-be Senators crowded close, competing to enjoy the magic of his aura, the salvation of his smile...
...There is no magic in the formula of 'Federally financed' public works. The National Government has not tapped some mysterious source of funds, or taken money from a box where it was stored for a rainy day. The National Government has no spending power whatever except that which it acquires by taxing its citizens, and every dollar in 'Federal funds' that has been received by 'Kentucky and other States' will be repaid by the people of Kentucky and the other States-with interest. There is no Santa Claus in Washington...
...Budget, last week went home having written its John Hancock boldly across the page of U. S. history. For to the 75th, as to the 73rd five years ago, Franklin Delano Roosevelt gave his word that an Emergency faced the U. S., and the 75th responded to that magic word as the 73rd never dreamed of doing. In 154 days ending last week, the 75th succeeded in appropriating $12,321,635,000, more than any session of Congress has ever appropriated in time of peace. Breakdown of the appropriations...
...Depression II. Last February, when Moody's Index stood at 150, Franklin Roosevelt again sounded off on commodity prices, declared that with certain exceptions such as building materials they were again too low, should go up. This time, however, the Presidential edict seemed to have lost its magic. Despite renewed inflation in the form of desterilized gold and relaxed bank reserve requirements, commodity prices on June i reached the lowest point since 1934-130 on Moody's Index...