State of the Union, page 129 by Dwight D. Eisenhower
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d greater freedom for markets to reflect the wishes of producers and consumers. Legislative changes that followed were appropriate in direction but did not go far enough.
The situation calls for prompt and forthright action. Recommendation for action will be contained in a message to be transmitted to the Congress shortly.
These fiscal and related actions will help create an environment of price stability for economic growth. However, certain additional measures are needed.
I shall ask Congress to amend the Employment Act of 1946 to make it clear that Government intends to use all appropriate means to protect the buying power of the dollar.
I am establishing a continuing Cabinet group on Price Stability for Economic Growth to study governmental and private policies affecting costs, prices, and economic growth. It will strive also to build a better public understanding of the conditions necessary for maintaining growth and price stability.
Studies are being undertaken to improve our information on prices, wages, and productivity.
I believe all citizens in all walks of life will support this program of action to accelerate economic growth and promote price stability. III.
I take up next certain aspects of our international situation and our programs to strengthen it.
America's security can be assured only within a world community strong, stable, independent nations, in which the concepts of freedom, justice and human dignity can flourish.
There can be no such thing as Fortress America. If ever we were reduced to the isolation implied by that term, we would occupy a prison, not a fortress. The question whether we can afford to help other nations that want to defend their freedom but cannot fully do so from their own means, has only one answer: we can and we must, we have been doing so since 1947.
Our foreign policy has long been dedicated to building a permanent and just peace.
During the past six years our free world security arrangements