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. Such assistance, I am convinced, must not be on a piecemeal basis as various crises develop. Any assistance that this Government may render in the future should provide a cure rather than a mere palliative. Any government that is willing to assist in the task of recovery will find full cooperation, I am sure, on the part of the United States Government. Any government which maneuvers to block the recovery of other countries cannot expect help from us. Furthermore, governments, political parties or groups which seek to perpetuate human misery in order to profit therefrom politically or otherwise will encounter the opposition of the United States.

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.

I am certain that a solution of the general problem of peace must rest on broad and basic understanding on the part of its peoples. Great single endeavors like a League of Nations, a United Nations, and undertakings of that character, are of great importance and in fact absolutely necessary, but they must be treated as steps toward the desired end.

I fear, in fact I am rather certain, that due to my inability to express myself with the power and penetration of the great Churchill, I have not made clear the points that assume such prominence and importance in my mind. However, I have done my best, and I hope I have sown some seeds which may bring forth good fruit.

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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.