POLITICS: Profit in Recession

"There is nothing wrong with our economy that a good dose of confidence won't cure," declared Vice President Richard Nixon at a Republican Lincoln Day rally in Phoenix, Ariz. "The battle cry of the Administration's opponents is obviously going to be 'Depression is just around the corner.' Some are urging us to go back to the multibillion-dollar leaf-raking boondoggling which failed so miserably in the 1930s." If the Democrats are "betting on depression," said he, the Republicans are "betting on prosperity."

Less vividly, many another speaker at G.O.P. gatherings across the country...