ROOSEVELT'S PLAN

King Country Chronicle, Volume XXIX, Issue 4693, 14 May 1935, Page 3

ROOSEVELT'S PLAN

PROGRESS OF THE NEW DEAL.

" The upward trend of trade which was in progress at the time of last year's American Presidential Message," says the Morning Post, continued into the spring, but it was followed by a setback during the summer and auitumn. Since then a renewed improvement has carried forward the level of commercial- and industrial (activity approximately to the point where it was a year ago. The net progress of the year 1934 is thus practically nil. It would be unfair to deduce from this the complete failure of Mr Roosevelt's policies,- since unforeseen factors, such "as the drought land labour unrest, have intervened to. disturb expectations. Nevertheless, whatever the cause, the unpleasant fact remains, and, -no doubt, accounts for the shifting of emphasis. The zeal of the president for ' social justice,' of which the impending reforms are presumably an example, no doubt accounts in part for his undiminished popularity, despite the disappointing progress of recovery."