00:00:02.340 - 00:00:38.660

Sing one, take 1, 17 50 Smathers curve. How do you do? Ladies and gentlemen, I'm proud to have is my guest at this time the man whom I believe is the ablest and the wisest man on fiscal and financial affairs in the United States Senate. And I refer to that very able Oklahoma Senator Bob Corker, who's the ranking member of the Senate Finance and Taxation Committee.

00:00:39.340 - 00:01:03.360

Senator Kerr is a starter. I'd like to ask you, Do you think that the country has come out of it, this depression or recession, which we now find yourself? Well, George, First, let me let me thank you for your kind words and say that I appreciate him especially coming from as able and distinguished person as you are and one that I respect so highly.

00:01:04.240 - 00:01:24.560

No, I don't think that our country has come out of the recession. I frankly think that when the new crop of employable come on in the latter part of of the summer, I'd say really, in June and July, I think that the unemployment figure will be close to six million.

00:01:25.420 - 00:01:46.010

I don't think that we have touched the bottom of the recession I think we're very close to it, but we're not out of it. You think that we in government should begin to take on programs that would bring us out of this depression? Yes, I think we should be more aggressive in what we're doing.

00:01:46.440 - 00:02:10.240

I think we should provide a greater step up in our public works program. I'm sure that in that in Florida there are thousands of miles of highways that need paving a ahead of schedule. I know that they're great flood control and water conservation projects in Florida that would need building and be a great benefit to your economy and that of the nation.

00:02:10.560 - 00:02:34.650

The same is true in Oklahoma, Senator. Why do you favor this public works approach rather than a tax cut? Well, which everyone we do over and above what is now being done will have to be paid for with borrowed money. And I think it is wiser to borrow money to do the constructive public works and to provide jobs than it is to borrow money to provide a tax cut.

00:02:35.240 - 00:02:54.860

Do you think that there's any prospect of having a tax cut? Then, in the next year, 18 months. I doubt if there's a prospect of much of a tax cut now you've been working on, I think, a very necessary tax adjustment in the form of excise taxes on transportation.

00:02:55.840 - 00:03:11.880

I think one of the great industries in this country is the railroad industry, and I think you should be congratulated on the study you've made of the problem and the suggestions you've made, which include an adjustment of the excise tax on transportation. That is one that I think should be made.

00:03:12.020 - 00:03:29.060

But generally speaking, you don't believe this is the time to have a tax reduction bill and not a general tax bill reduction. No, I do not. Senator, how hard do you think that our public debt is liable to go here in the next few months? Well, we recently, as you know, authorized an increase to 280 billion.

00:03:29.640 - 00:03:47.960

I think the deficit for this fiscal year will be four billion or more, which will about use up that additional authority. I think the deficit in the next fiscal year will be around $10 billion could be more, and I think the year following will see another deficit.

00:03:48.640 - 00:04:04.620

I frankly think We'll have to increase the public debt limit to $300 billion in the next 24 months. You don't see then that this turn up in business can in any way eliminate this deficit within the next two or three years? I do not. And you believe that?

00:04:04.620 - 00:04:22.090

We will have to vote. How big A limit. 300 I think we'll be faced with with increasing it in to the neighborhood of $300 billion Georgia in the next two years. Senator, how do you feel about this reciprocal trade program that has now coming before our finance and taxation Committee?

00:04:22.160 - 00:04:43.580

Well, George, I believe in the Cordell Hull concept of reciprocal trade. Very strongly. That was a program where we gave a concession to get a concession. Now, frankly, Mr Dulles has at this time indicated that he regards the reciprocal trade program as a vehicle for additional foreign aid on that basis.

00:04:43.580 - 00:05:19.800

George, I don't like All right, Thank you very much, Senator. Care for this interview And thank you very much. Ladies and gentlemen, for looking in. I hope you're looking again at the same time next week. Scene one, take 1. 17 51 Smathers Mansfield this week. How do you do, ladies and gentlemen, indeed, I'm delighted at this.

00:05:19.800 - 00:05:48.050

Time to have is my guest one of my very long time and dear friends in the Senate, Senator Mike Mansfield of Montana. Mike and I served over in the House of Representatives together several years ago as members of the Foreign Affairs Committee. And now Mike has come over to the Senate, where not only is he the assistant majority leader, but he also serves with great ability on the Foreign Affairs Committee of the United States Senate.

00:05:48.600 - 00:06:08.650

Mike, I'd like to start off by asking you Ah, what has been your reaction to the vice president's trip through Latin America and in turn, the reaction of those people to him? Well, George, I think my ideas are closely coincide with those already expressed by you on the floor of the Senate.

00:06:09.430 - 00:06:30.460

I think that it's a shame and a disgrace that incidents of this court of this sort had been allowed to occur. I think that by and large, the President and Mrs Nixon and his official party have conducted themselves with dignity and courage. But I do think it indicates also that there is something wrong with our in our relations with Latin America.

00:06:31.140 - 00:06:48.860

Uh, there is no doubt in my mind that the Communist elements have been involved because it seems that a clear, well thought out pattern has developed all the way from Montevideo in Uruguay, up to Caracas in Venezuela. I do not think, though, that that is all the answer.

00:06:49.010 - 00:07:26.710

Nor does it imply all the responsibility. There are differences between the Latin Americans and ourselves, which we have to consider. And I would say, George, even on your program, that no one in the Senate has been more vigorous in espousing the cause of better relations between the Latin Americans and ourselves than you because of the trips you've taken down there every year because of the personal appearances you've made before the Foreign Relations Committee every year in behalf of added assistance to Latin America and because of the many speeches you've made on and off the floor about that particular part of the hemisphere, well, I'm grateful to you for that statement.

00:07:26.720 - 00:07:51.790

But your reaction, then is, is that we have been losing some stature in Latin America even though this other these riots against Nixon were somewhat communist inspired. Yes, we have been losing a statue there because we've been taking the Latin Americans for granted, and I think perhaps some of our trade policies may have had an effect down there, though not as much of an effect as the press would seem to indicate.

00:07:52.210 - 00:08:09.440

I think also that we've veered away from the old good neighbor policy and that the good partner policy has not been a sufficiently good enough substitute right now. My glass turner thought for a minute over to Europe in that area recently. Of course, we've seen in Algeria go full turn.

00:08:09.440 - 00:08:30.350

What is your reaction to what's happened in Algeria? Well, it's kind of hard to say a pen from this distance, but it does appear to me as if the army, which has been champing at the bit for years, that is the French army, has finally taken over, and the Generals, Salon and Masu seemed to have established a committee of public safety.

00:08:30.740 - 00:09:01.560

The name is reminiscent of the French Revolution, because when that revolution occurred, a committee of public safety was brought in to be. It appears to me that there is a struggle between the civil government in Paris and the military government in operation now in Algeria. And if this does not develop into a civil war, uh, it does mean that conditions are tense in Algeria and in France that some solution will have to be found.

00:09:01.970 - 00:09:21.520

And I would hope that France would recognize that the solution may be found in a relationship somewhat similar, similar to that existing between Puerto Rico, a Commonwealth and the United States. That I think would be the best answer. Do you think that there's any prospect of General de Gaulle moving in and taking over the French country?

00:09:21.930 - 00:09:46.060

I think there's always that prospect, but I do not believe that the goal at this time will come in. I do, though I think that the man who may be the person on horseback, so to speak, is one of the goals disciples, a man by the name of Jack's Hostel who used to be governor general of Algeria, who is now in the French Parliament and who may is the man to watch.

00:09:46.740 - 00:10:21.620

Well, thank you very much. Senator Mike Mansfield for these expressions. Thank you very much. Ladies and gentlemen for looking in. I hope you're looking again at the same time next week. Jordan was fine. That's a hell of what did 1, 17 50 force matters. What does he mean by Senator Spanners?

00:10:21.620 - 00:10:51.790

What's your reaction to this difficulty we're having in South America? Well, I think, of course these riots against the vice president and his party are most unfortunate. I think we'd have to agree that in some respects, its communist inspired. But on the other hand, I think we should recognize that it represents in many ways the latent feeling of resentment which more and more people of Latin America having toward the United States for the indifference which we have shown toward them since the end of World War number two.

00:10:51.840 - 00:11:07.960

What's your solution? To change their attitude towards the United States? I think we must adopt an affirmative program with those people. They are, after all, our very best neighbors and our very best customers, for that matter. I think we have to get a uniform trade program set up with them.

00:11:08.530 - 00:11:24.450

I think that we must include them more generously in some of these foreign aid programs, not with respect to giveaways, but as far as loans are concerned, and I think that we should immediately undertake a student exchange program with the people of South America.