ABSTRACT
For two years Waiter Lippmann remained a staunch, though not uncritical, supporter of the New Deal. The vogue of planning, regimenting and regulating and being generally bureaucratic and officious has passed in Washington and is passing all over the country. Through that spring Lippmann continued to take a hopeful attitude toward the New Deal, which he described to his readers as "a system of free enterprise compensated by government action." Lippmann ridiculed the idea — although it was probably not so absurd as it sounded, for it would have increased demand, thereby stimulating investment and production. While Lippmann hoped he would not have to switch over to the Republicans, he was drawing a fine line with men like Douglas, who were not easily distinguishable from their Republican colleagues on Wall Street. While Lippmann's fears of totalitarianism were certainly understandable at a time when European democracy was under assault from fascism and communism.
