Page:Longines Chronicles with Peter Frelinghuysen 1954 ARC-96008.ogv/10

Frelinghuysen
Well, in the first place, Mr. Lesueur, I don't think the President's program, as it's outlined so far, we still haven't heard all the specific recommendations that he's scheduled to make, depends on--it does depend, rather, on a fairly stable economy. And I don't think there's any major allowance for a real recession. There's been a lot of talk in certain quarters that we're likely to have a recession, and perhaps we should prepare for it. But I think, by and large, the administration is acknowledging there is a readjustment as a result of the build-up of the Korean War, and a settling back after the cessation of hostilities.