President Roosevelt outlines his new economic policy to reduce the cost of living in America.
Titles read: "AMERICA'S AUSTERITY PLAN DISCUSSED BY PRESIDENT ROOSEVELT".
United States of America.
President Franklin D Roosevelt sits at a desk and talks to camera about his seven point economic policy which is directed at keeping down the cost of living in America.
He outlines the points as follows: through taxes keep personal and corporate profits low, fix ceilings on prices and rents, stabilise wages, stabilise farm prices, put more billions into war bonds, ration all essential commodities which are scarce, discourage instalment buying but encourage paying off debts and mortgages.
He talks of this great war effort being a success because of the indomitable will and determination of the American people, and says it must not impeded by a few bogus patriots who use the sacred freedom of press to echo the sentiments of the propagandists in Tokyo and Berlin. He calls those people "noisy traitors", "betrayers of America" and "would-be dictators who have yielded to Hitlerism in their hearts and souls".