|Speaker, and Members of the 80th Congress:
The urgent needs of the American people require our presence here today.
Our people demand legislative action by their Government to do two things: first, to check inflation and the rising cost of living, and second, to help in meeting the acute housing shortage.
These are matters which affect every American family. They also affect the entire world, for world peace depends upon the strength of our economy.
The Communists, both here and abroad, are counting on our present prosperity turning into a depression. They do not believe that we can--or will--put the brake on high prices. They are counting on economic collapse in this country.
If we should bring on another great depression in the United States by failing to control high prices, the world's hope for lasting peace would vanish. A depression in the United States would cut the ground from under the free nations of Europe. Economic collapse in this country would preven ...read full document