"Enough with the pretense! You've said it more than once in front of your father, so don't play games with me! Now that I'm here, I want to hear your thoughts in full!"
In Thomas Mellon Rockefeller's memory, he had engaged in several deep discussions with his father, the Secretary of the Treasury, about policies and economic reforms following the Great Depression. It seemed that his father had sold him out!
With a look of anger, he glanced at his cheap old man. The Minister, as the patriarch of the Mellon family, appeared evasive—this was indeed a solid confirmation!
Since he had set up an identity that brought the President before him, he needed to make good use of it. "Uncle, it seems my father has betrayed me, so I will speak freely! Please share your thoughts; I am ready to take notes!" After saying this, Mr. President clapped his hands, and two people immediately entered—one carrying a tape recorder and the other with paper and pen.
"Then I shall speak! The nationwide bank holiday has curbed the wave of bank failures. The Emergency Banking Relief Act and the Treasury's licensing review system have eliminated a series of small banks with almost no risk resistance. However, the malignant issues in our economy remain unresolved!"
"Oh? Please elaborate!" The President seemed intrigued.
"The widespread fraud and excessive speculation in the securities industry, coupled with the extreme opacity of publicly traded companies' operations, have become scythes for financial institutions to reap national wealth! If we do not restrain banks from using customer deposits for securities investments, if we do not implement a margin requirement for banks, and if we do not establish the Bank Deposit Insurance Act and create the Federal Deposit Insurance Corporation to insure deposits below one hundred thousand dollars—then trust in banks will not be restored, and economic crises will occur cyclically!"
"If we do not completely abandon the gold standard and purchase large quantities of silver at prices above market value to increase silver's proportion in U.S. monetary reserves—stimulating exports through currency depreciation to promote economic recovery—our currency will collapse!"
"We must establish a fair society through legal means by formulating a Code of Fair Competition across various industries. This would determine production scales, price levels, credit conditions, sales quotas, and employment conditions. Enterprises adhering to this code could be exempt from antitrust lawsuits and would have their products marked with an eagle emblem. At the same time, workers should have the right to choose and organize unions and negotiate collective contracts through their representatives; employers must comply with maximum weekly working hours and minimum wage levels while hiring workers under specified conditions."
"We should also utilize presidential power to establish a Public Works Administration to initiate various public projects nationwide, absorbing unemployed individuals to increase employment."
After just a few statements, Mr. President and the Secretary of the Treasury were already frowning deeply. Thomas Mellon Rockefeller's father instinctively remarked that this would be unconstitutional! Congress would never pass it!
"I want this bill to be unconstitutional! Because it needs to be distributed by Mr. President first so that Jewish National Banks can see and hear it! Afterward, public sentiment will either support or veto this bill—even cancel it on constitutional grounds! When this public works administration is abolished, public outrage will surge towards Congress; the President and his entire cabinet will shed their burdens and face challenges more easily!"
"After that, we will begin using a national system to transfer wealth through massive infrastructure projects—allowing those who have lost jobs and livelihoods at Jewish National Banks to regain enough wealth for survival or even better living standards."
"Countless dams, skyscrapers, factories, highways across the nation, airports—massive projects will attract funds that are hesitant to enter capital markets—creating more job opportunities and income for all families. In just three years, Jewish National Bank's income levels will improve dramatically; the economic crisis caused by the Great Depression will completely disappear!"
As Thomas Mellon Rockefeller concluded his passionate speech, both Mr. President and the Secretary of the Treasury applauded simultaneously.
"Tommy, you are more suited to be Secretary of the Treasury than your father! Perhaps you should consider starting with a campaign for Congress!"
"No, Mr. President! These are merely my personal opinions—just suggestions!"
"Don't be modest; continue speaking!"
What began as a luncheon turned into dinner and then evolved into a late-night discussion session—the tape recorder had changed tapes dozens of times.
After discussing memories of Roosevelt's New Deal and potential subsequent changes, Thomas Mellon Rockefeller finally voiced something he had long held back.
"Mr. President, I have something I've been wanting to say but never had the chance."
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