[Delivered from the White House at 9 p.m.]
My fellow countrymen:
The crucial situation which confronts our country requires that I report to the people this evening.
Today I returned to the Congress without my approval the extension of the Price Control Law which it presented to me for my signature.
I returned it with a long message stating my reasons. I hope that you will all read that message in your newspapers.
I assure you, my fellow countrymen, that before I vetoed this bill I gave the subject long days and nights of consideration. I consulted with practically every top official in the Government. Either personally or through representatives I obtained the views of people in agriculture, industry, and labor, as well as many others.
You have all heard a great deal about inflation. Its seriousness cannot be overestimated. It would affect every individual in our country. Inflation would cause an increase in the price of every article you buy. As prices soared wit ...read full document