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OCR Page 1 of 4CABINET, MARCH 20, 1951 11:00 AM
THUMAN
State absent
Marshall
11
ARCHIVES. NATIONAL AND
McGrath
11
RECORDS
SERVICE
Lovett for Defense
Perlman for Justice
COL - (AAF)
Briefed Cabinet on Korea.
THE PRESIDENT
Has had a sad experience with McArthur who beat the gun on a
statement which was to be used as a statement by the President. Mac
Arthur picked up the statement and went beyond it with views of his own
with threats of mass destruction if necessary if Commies did not go
along with proposed peace suggestion. It was a disloyal act to the
Commander in Chief.
We are trying to work out a meeting of minds of labor - farmers
and industry on stabilization. All segments of our economy must make
sacrifices. There can be no exceptions. The present Defense Mobiliza-
tion Act is not workable. We are now trying to suggest amendments
to make stabilization effective. The President has now set up by ex-
ecutive order a new board which will have representation from all seg-
ments.
SNYDER
Our tax message was designed to conduct Defense Program on a pay
as you go basis. Committee has been studying tax approach and will
meet again next week. There has been considerable resistance from
different groups who are seeking exemptions. This had held up progress
of Defense Program. Will appear before Ways and Means again and re-
affirm our desire to operate on pay as you go basis. Unless we do
inflation will run wild.
THE PRESIDENT
The problem is that we are in a serious situation which is not
dramatic but which is vital and dangerous.
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