Galbraith v. Lockheed
New York, July 28—I never saw a happier man than John Kenneth Galbraith, his statement in hand which the next day he would read to the Senate Banking Committee considering the question whether the United States Government should guarantee a loan of $250 million to the Lockheed Aircraft Corporation. Mr. Galbraith relishes taking on the giants, provided they are big business (he is strangely unconcerned with other species of giants, e.g., giant governments, giant labor unions, giant aggressive powers). The idea that the United States should use “the taxpayers’ money” (that is what the Left always calls it when it is money being used by the government for purposes it disapproves; the term is never used when the money is used for a project they favor) to help a multi-million dollar corporation, moreover one which is useful to the military, is much much more than John Kenneth Galbraith is willing to tolerate.
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