AMERICAN POLICY
SPEECH BY PRESIDENT INCREASE OF INCOME EXPENDITURE DEFENDED By Telegraph—F ress Association—.Copyright (Received April 2G, (5.35 p.m.) NEW YORK. April 25 Speaking to 2500 enthusiastic partisans at a Jefferson birthday dinner this evening, President Roosevelt launched a vigorous defence of his administration. His address is regarded as thiji keynote for the coming election campaign. Declaring that the various sections of th( nation had become economically interdependent, Mr. Roosevelt saii in effect that the only way to meet the problem was through a continuance of planned economy. The fact of the President speaking in New York, which is the financial centre of the nation, is regarded as significant. He emphasised the budgetary situation and defended his administration's spending policy to bring about recovery. Although there was indicated a current deficit of 3,000,000,000 dollars, the nation's income had increased from 35,000,000,000 dollars in 1932 to 65,000,000,000 this year.
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New Zealand Herald, Volume LXXIII, Issue 22403, 27 April 1936, Page 12
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148AMERICAN POLICY New Zealand Herald, Volume LXXIII, Issue 22403, 27 April 1936, Page 12
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