New Market Found for 'Gloom' Tag: Gallery Glimpses
ONE OF THOSE fascinating changes in stance which can happen only in American politics took place in the Senate during the stock market gyrations.</br></br>Last week the Democrats turned around and pinned the identical label on their Republican brothers. A Republican attack touched off by the stock market tumble triggered their reaction. In speech after speech, Republicans had blamed New Frontier policies for the break, predicted melancholy days ahead.</br></br>The Democrats absorbed the punishment for awhile, then swung to the offensive. They painted a roseate picture of the NationÛªs basic economic strength, assured their colleagues that all would be well.</br></br>Assistant Senate Majority Whip Hubert H. Humphrey was making this sort of defense Tuesday afternoon. Across the aisle, Sen. Henry C. Dwor-shak (R-Idaho) arose to read a dolorous cable report of American stocks toppling abroad.</br></br>Humphrey asked him for the time line on his dispatch. Then, with an aide running bulletins from the ticker, he topped Dworshak with later news of the blue chip rally in Wall Street.