While serving as FDR's Federal Reserve chairman between 1934 and 1948, Marriner Stoddard Eccles (1890 - 1977) put into play numerous policies that allowed the Federal Reserve to be sublimated to the interests of the Treasury; as a result, he is largely remembered as the patron saint of deficit spending. When he left that position during the Truman administration he went on the lecture circuit where he repeatedly condemned both the post-war economic policy as well as the Cold War policies of the State Department. The attached article summarizes a talk he gave at the University of Maryland in February of 1950.
Click here to read a Cold War editorial by Supreme Court Justice William O. Douglas. In the attached editorial, Supreme Court Justice William O. Douglas (1898 - 1980) weighs in on how the United States could forge stronger Cold War alliances in Asia and the Middle East:
"We have thought that we could stop the spread of communism by guns and by dollars. We have spent billions upon billions and yet the Red tide of communism seems to spread... We should show Asia how her revolution can follow the pattern of 1776. What will win in Asia are not guns and dollars but but ideas of freedom and justice. To win in Asia, America must identify herself with those ideas."
To understand some of the diplomatic challenges Douglas was referring to, click here
More on this topic can be read here... "On June 24 [1950] Soviet Russia dug deep into her bag of tricks and came up with a new one - war by proxy. Today, still sadly unprepared for satellite warfare, the US may yet profit by tragic experiences - so that even possible defeat in Korea will not be totally without gain. What has been learned and how this knowledge might be used in future satellite wars is discussed here." "Over the last thirty years the United States, as well as Central and South America, has been invaded repeatedly by ununiformed soldiers of the Soviet Government - agents of the International Communist Conspiracy. Our government has been furnished repeatedly with conclusive evidence of this invasion and yet has done nothing to exclude and deport the invaders... To make matters worse, 'Liberal' administrations since the time of Franklin Roosevelt have urged that what few immigration restrictions we have to prevent their entrance be removed... Roosevelt was not interested in the fact that many of those entering were Communists; after all, he told me that some of his best friends were Communists." This article makes a passing reference to a Soviet defector who jumped ship in 1937 in order to escape Stalin's seemingly random purges, his name was General Alexander Barmine (1899 - 1987). In his READER'S DIGEST piece from October, 1944 (the article can be read here) Barmine declared that Soviet spies were rapidly filling up positions within the U.S. Government. His more alarming proclamation was when he wrote that FDR's administration was protecting them - this implied that Red agents were already perched in the highest positions. When W.W. II ended (along with the Soviet alliance) both political parties in Washington agreed to weed out these moles - but they couldn't agree as to how deep the infiltration was. The Democrats believed that by 1953 most of the Communists had been found, the Republicans felt otherwise. When this article appeared on the newsstands, J. Edgar Hoover had been FBI chief for nearly thirty years. In all that time he had enjoyed being photographed among celebrities and adored patting himself on the back by writing numerous magazine articles about the FBI. But by the time the early Fifties came along Hoover and his Federal agency were no longer the teflon icon that they used to be; the failings of the FBI were adding up and Hoover did not seemed accountable. |