May 27, 1933 - Editorial - Turmoil, by George Lorimer

So many unusual and far-reaching measures have been proposed to Congress since March fourth by the new Administration, and in some cases enacted into law, that the average man has been in a state of extreme mental confusion. The swift and effective action of President Roosevelt in dealing with the bank collapse and his courageous attack upon numerous Federal activities aroused the greatest popular enthusiasm and gave him enormous prestige. But the subsequent series of varied monetary, financial and economic measures produced a sense of insecurity and uncertainty.

This is not to condemn out of hand all these extraordinary pieces of legislation which have followed one another with such bewildering rapidity, either because of specific demerits or on the ground that the President is being given too dictatorial powers. But regulatory and reformatory devices have been pressed forward faster than they could be given even cursory examination. The impression is that of an attempt to rebuild society at one fell swoop in a manner engagingly cheerful and bold, but at the same time rather casual and happy-go-lucky.

It is difficult to see how men are going to plan, contract and employ, looking to future returns, if they are to be, from day to day, puzzled and confused by volley after volley of suddenly launched proposals and measure affecting employment, management and the value of money. If businessmen are to recover their courage, they must not be kept in constant turmoil. (pg. 20)

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