LOSS OF CONFIDENCE

Rotorua Morning Post, Volume 2, Issue 473, 6 March 1933, Page 5

LOSS OF CONFIDENCE

(Press. Assn.—

AMERICA'S PROBLEMS

-By Telegraph — Copyright).

Rec. March 5, 7.10 p.m. Washington, March 4. The President apparently has the confidence of the people in unbounded measure while the greatest psy-cholog-ieal obstacle he must overcome is their apparent loss of confidence in their ewn country. Something di^amatic and extraordinai'y is expected and indeed demanded of the new Government. The nation seems to have suffered from shock, particularly within the recent few weeks. This is evident in the almost complete disappearance of its one timt j sense of certainty in its stabilipy anl I its material and economic order, from which it is difficult to extricate itself without the aid of stimulated leadership. There is a demand for a virtual economic dictatorship from Mr. Roosevelt, but without a novel and unexpected method or a miracle to restore the nerve of the people, there must linger with the observer a more certain conclusion that it may take many years of the soundest and most careful administration and legislation plus persistent, prudent private, industrial and financial effort to renew the efficient functioning of America's machine as the basis of prosperlty.

Many steps are essential to meet the mounting deficit which is expected to reaeh 2 billion dollars at the end of the fiscal year, while an international erisis is looming. The country is burdened with top heavy mortgages and high prices of commodities to the hungry, while urgent aid is needed for unemployed relief work, and for cities and states for maintaining the schools and essential services. All these are threatened by drastically diminishing income, while the railways in many cases are banlcrupt or on the verge of bankruptcy. Finally some Government support for the restoration of the present 45 per cent. drop in domestic trade must be planned. It seems obvious from the foregoing that Mr. Roosevelt, a Constitutional Liberal, as ]W. is dubbed by his friends, will be compelled to intensify the threat towards state socialism in America.