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HOUSE OF REPRESENTATIVES *
SEVENTY-EIGHTH CONGRESS Solo &
SECOND SESSION AUC 5 104.

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A RESOLUTION CREATING A SPECIAL COMMITTEE ON
FOST-WAR ECONOMIC POLICY AND PLANNING

PART 2
MAY 18, 19, 23, 24, 25, 31; JUNE 1 AND 6, 1944

ECONOMIC PROBLEMS OF THE TRANSITION PERIOD

Printed for the use of the Special Committee on Post-War
Economic Policy and Planning

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SPECIAL COMMITTEE ON POST-WAR ECONOMIC POLICY AND”
PLANNING
WILLIAM M. COLMER, Mississippi, Chairman -

JERE COOPER, Tennessee HAMILTON FISH, New York
FRANCIS WALTER, Pennsylvania CHARLES L. GIFFORD, Massachusetts
ORVILLE ZIMMERMAN, Missouri B. CARROLL REECE, Tennessee
JERRY VOORHIS, California RICHARD J. WELCH, California
JOHN R. MURDOCK, Arizona CHARLES A. WOLVERTON, New Jersey.
WALTER A. LYNCH, New York CLIFFORD R. HOPE, Kansas o

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CONTENTS

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Fleming, Maj. Gen., Philip B., Administrator, Federal Works Agency-- 317

Bigge, George E., member, Social Security Board------------------ 335

Rausenbush, Paul A., director, Unemployment Compensation,

Wisconsin-------------------------------------------------- 373

Loysen, Milton O., New York State Department of Labor, Division of

Placement and Unemployment Insurance----------------------- 385

Holden, Thomas S., president, F. W. Dodge Corporation----------- 393

Smith, |Harold D., Director, Bureau of the Budget----------------- 407

Taylor, Dr. Amos, Director, Bureau of Foreign and Domestic Com-

merce, Department of Commerce------------------------------ 413

Livingston, Morris, Chief, National Economics Unit, Bureau of

Foreign and Domestic Commerce------------------------------ 423

Williams, Claude A., executive director, Texas Unemployment Com-

pensation Commission---------------------------------------- 430

Pope, Col. Allen M., president, First Boston Corporation, New York- 443

SchEDULE of ExHIBITs

No. Exhibit #. Appears
at p.- 0.1 p.-

9 || Retraining and reemployment administration, statement of

functions and problems------------------------------ 290 467

10 | Statement of objectives by Brig. Gen. Frank T. Hines,

, Veterans' Administration-------------- --------------- 290 473

11 Letters from State governors-------------------- - - - - - - - 290 476

12 || A basic minimum program of social Security-------------- 335 480

13 Wartime savings—their magnitude and implications, Dr.

Amos Taylor--------------------------------------- 416 489

III

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POST-WAR ECONOMIC POLICY AND PLANNING

THURSDAY, MAY 18, 1944

Hous E of REPRESENTATIVES, SPECIAL COMMITTEE on Post-war ECONOMIC Policy AND PLANNING, |Washington, D. C. The special committee met at 10:30 a.m., pursuant to adjournment, in room 1304, New House Office Building, Hon. William M. Colmer (chairman) presiding. Present: Representatives Colmer (chairman), Cooper, Fish, Zimmerman, Reece, Voorhis, Murdock, O'Brien, Wolverton, and Lynch. The CHAIRMAN. The committee will come to order. As has already been stated informally, due to the fact that the House will convene at 11 o'clock instead of 12 today, we shall have to hurry through this session. General Hines, we are very grateful to have you here with the committee this morning. I am sure that the Congress as a whole appreciates the splendid service that you have rendered and are rendering as Administrator of the veterans’ affairs of this country. We appreciate, as you must, the tremendous responsibilities facing you as Administrator and the many problems confronting our returning veterans. We have great confidence in you and assure you that you have our sympathetic cooperation. neral, we would be pleased to have any statement that you care to make this morning; you will make yourself perfectly at home by being seated or standing, as you prefer.

STATEMENT OF BRIG. GEN. FRANK T. HINES, ADMINISTRATOR, RETRAINING AND REEMPLOYMENT ADMINISTRATION, OFFICE OF WAR MOBILIZATION

General HINEs. Thank you, Mr. Chairman. I appreciate greatly your very complimentary remarks. I might say, briefly, in responding to them, that whatever I have been able to do has been primarily due to the splendid support and understanding that I have been able to have with the Congress of the United States. Without that, I doubt if anyone would have been able to handle the affairs of the veterans.

In this new assignment, Mr. Chairman, and in order to conserve your time, I have placed before each member of the committee, three statements. The first one is the statement that I submitted first to the subcommittee of the Military Affairs Committee of the Senate and the other day to the committee of the Senate headed by Senator George on post-war adjustment. It outlines, in my estimation, the problems—

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