When the bipartisan applause stopped, President Truman said, "I am happy to report to this 81st Congress that the state of the Union is good. Our Nation is better able than ever before to meet the needs of the American people, and to give them their fair chance in the pursuit of happiness. [It] is foremost among the nations of the world in the search for peace."
Today, that freshman Member from Michigan stands where Mr. Truman stood, and I must say to you that the state of the Union is not good:
Millions of Americans are out of work.
Recession and inflation are eroding the money of millions more.
Prices are too high, and sales are too slow.
This year's Federal deficit will be about $30 billion; next year's probably $45 billion.
The national debt will rise to over $500 billion.
Our plant capacity and productivity are not increasing fast enough.
We depend on others for essential energy.
Some people question their Government's ability to make hard decisions and stick with them; they expect Washington politics as usual.