Word: aaas
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Neither NRA, AAA, devaluation of dollar nor Government spending are so dear to Franklin Roosevelt's heart as the Public Utility Act. To him distrust of holding companies is on a par with love of trees. Not an official word did he utter when he heard the news from Baltimore, but in the first week of the critical 52 he saw that an unpleasant choice would soon be forced upon him: to suppress his personal feelings for the Public Utility Act while legal taunts and political insults are heaped upon it, or to carry the fight against holding companies...
...That the AAA program is not "a program", but a mass of conflicting ideas at war with other equally unharmonious branches of the government is well known. But Garet Garrett's surprisingly objective account of its complexities, in these days of political and meaningless rhetoric, is much needed. Once there is compulsion to limit production and raise prices "there is a kind of progression to it" until the AAA becomes almost all-embracing in scope, and affects people in ways other than their productive capacities. Thus the AAA, which by its nature must be relatively static, and based on supposed...
...even if it is of a marginal kind. Hence, under this "resettlement program" they are removed to other and better land, financed by the Government. There if he is to make a living "above the margin" he must produce a salable surplus of goods--which of course knocks the AAA limited production plan out of its hypothetical balance again...
...highest levels since the New Deal took office. Unemployment was still high, relief plans still in a muddle, but hunger marchers were nowhere. The Bonus was conceded victory in the next session of Congress. Only two disturbances loomed ahead: 1) the possibility of the Supreme Court's invalidating AAA's processing taxes; 2) the growing issue of Government spending to be faced in the next budget...
...hilly farm are cultivated and his barns and Negro shacks are only now being made less down-at-heel than those of his cracker neighbors. Largest crop this year was corn, with some 100 acres producing an average of 15 bu. per acre - not enough to justify an AAA corn contract...