In this nation I see tens of millions of its citizens, a substantial part of its whole population, who at this very moment are denied the greater part of what the very lowest standards of today call the necessities of life. I see one third of a nation ill-housed, ill-clad, ill-nourished. The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.

On the European Front the most important development of the past year has been the crushing offensive of the Great Armies of Russia.

Frankly, I do not like the idea of conversations to define the term "unconditional surrender."The German people can have dinned into their ears what I said in my Christmas Eve speech--in effect, that we have no thought of destroying the German people and that we want them to live through the generations like other European peoples on condition, of course, that they get rid of their present philosophy of conquest.

It is to the real advantage of every producer, every manufacturer and every merchant to cooperate in the improvement of working conditions, because the best customer of American industry is the well-paid worker.

Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.

Those who have long enjoyed such privileges as we enjoy forget in time that men have died to win them." - Franklin D. Roosevelt

I think that both here and in England there are two schools of thought--those who would be altruistic in regard to the Germans, hoping that by loving kindness to make them Christian again--and those who would adopt a much tougher attitude. Most decidedly I belong to the latter school, for though I am not blood-thirsty, I want the Germans to know that this time at least they have definitely lost the war.