Country Squire in the White House

By John T. Flynn | Go to book overview

investment was essential to the capitalist system in a democracy. Therefore the government must take over the function of investment. A variation of this was that, as private lenders would not supply money for industry any more, the government must do it; i.e., the government must issue its bonds and with the funds buy the bonds and stocks of private corporations. The trifling item that under this dispensation private investors would put their money into all the good investments and the government would put its money into all the shaky ones that private investors didn't want, seemed to escape these new apologists. But at this point the program seems stranded. There seems to be nothing in sight but more spending.


VII
The President Goes to War

As I write this the war in Europe has reached a critical stage for the two great empires, England and France. We know that the overwhelming conviction of the American people is that we should stay out of that war. There are some who would like to help the empires as much as possible without going to war. But they are adamant for not becoming involved.

It is very important, however, to realize the existence of various groups eager for American participation in the war, if it should become evident that our participation is essential to defeating Germany. These people constitute a small minority. They are to be found in certain groups, and everybody recognizes who they are. Some of them are intriguing actively to get us in.

In this situation what must we expect to happen when

-98-

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Country Squire in the White House
Table of contents

Table of contents

  • Title Page iii
  • A Warning v
  • Contents vi
  • I - A Tide and a Name 1
  • III - Building the New Deal 25
  • IV - The Crisis 47
  • V- The New Deal--Second Edition 68
  • VI - Roosevelt's Big Gun 71
  • VII - The President Goes to War 90
  • VIII - The White House, Inc. 98
  • IX - The Politician of the Lord 107
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