WAVE OF OPTIMISM.

Auckland Star, Volume LXIV, Issue 73, 28 March 1933, Page 7

WAVE OF OPTIMISM.

ROOSEVELT MADE AND RIDES IT NEW YORK, March 22. Restored confidence is the most notable development in the United States since the inauguration of President Roosevelt, and the Democrats give him most of the credit. Mr. Roosevelt is riding on the crest of the Wave; his courage has taken the United States by storm. There is an entirely new atmosphere in Washington, and events like Mr. Roosevelt's radio address on Sunday night, simple, sincere, informal, and cheerful, are in violent contrast to the cold, dour, and forbidding gloom of the last days of Mr. Hoover. The country is heartened to see the President accomplishing swiftly what most people had implored the Hoover Administration to do. Mr. Roosevelt may attain his ambition of a balanced Budget without increased income taxation. All Budget matters have taken on a new and dramatic interest through an amazing series of events since Mr. Roosevelt achieved power. Beer is but a small part of the whole liquor picture, which includes wines and spirits. The total liquor taxation is expected to reach 1,000,000,000 dollars (at par £200,000,000) a year. The President hopes to achieve full abandonment of prohibition before September.