CABINET MEETING, FRIDAY, APRIL 9, 1948
10:00 AM
THE PRESIDENT
Asked Dr. Nourse to give report on economic status of the country.
DR. NOURSE
Read excerpts from quarterly report.
LOVETT
Public opinion poll on Palestine - U. of Chgo U. of Michigan
(1) 82% embargo on arms should be continued.
(2) 45% for use of U. S. armed forces in Palestine; 50% do not use American troops.
KRUG
Urged strong bid for controls on prices & wages in the present Congress. Next year will be too late. Feels there is a trend among businessmen to support controls and allocations.
FOSTER (Commerce)
Subscribes the position of Krug - in order to meet requirements we must have controls on steel, aluminum and other materials necessary for preparedness and ERP programs.
THE PRESIDENT
Asked Royal [Royall] (War) to discuss with Forrestal and Sullivan - Symington the necessity for controls otherwise the whole economy will be adversely affected.
ANDERSON
Very gloomy about the effectiveness of voluntary controls. They will not work - cited bakers & distillers who went beyond ordinary & normal requirements.
11:14