You know, I know, all of us know that the time factor is the vital consideration - and vital is the correct meaning of the term - of our national defense program; that we must never be caught in the same situation we found ourselves in 1917.

No compromise is possible and the victory of the democracies can only be complete with the utter defeat of the war machines of Germany and Japan.

Wars are bred by poverty and oppression. Continued peace is possible only in a relatively free and prosperous world.

The one great element in continuing the success of an offensive is maintaining the momentum. This was lost last fall when shortages caused by the limitation of port facilities made it impossible to get sufficient supplies to the armies when they approached the German border.

Morale is the state of mind. It is steadfastness and courage and hope. It is confidence and zeal and loyalty. It is élan, esprit de corps and determination.

The soldier's heart, the soldier's spirit, the soldier's soul, are everything. Unless the soldier's soul sustains him he cannot be relied on and will fail himself and his commander and his country in the end.

Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.