"You're stuck on this problem, Leo."
Roosevelt's voice rang out.
"I understand what you mean. You want to find more industrial demand, you want to recreate the industrial miracle of World War II."
"But don't be naive."
"This isn't 1941. There isn't a world-sweeping war waiting for you to produce tanks and airplanes, nor is there a Marshall Plan waiting for you to rebuild Europe."
"In the United States today, demand is weak."
"You're just the Mayor of Pittsburgh."
"You're not the President. You can't force people in California to buy your cement."
"Expanding outward, trying to capture a share of those already shrinking markets, is next to impossible for you right now."
"Since the doors to the outside are closed, you have to look inward."
"Right now, you can only stimulate domestic demand."
"And to stimulate domestic demand, there is only one crucial element."
Roosevelt paused, then uttered the word.
"Liquidity."
"Because you're making a fundamental mistake."
