The President's News Conference
04/27/1949
https://www.presidency.ucsb.edu...
For these reasons, I feel obliged to withhold my approval of this measure.
I am convinced that this modification in program can be accomplished without impairing our effective defense.
Accordingly, it is my desire that all postponable public works be deferred until private demands for goods and services slacken off.
The Federal Government should not compete with private industry for scarce materials, neither should it compete in any area for scarce labor...