Any other course is bad faith and a violation of the party pledges.

When the country has bestowed its confidence upon a party by making it
a majority in the Congress, it has a right to expect such unity of
action as will make the party majority an effective instrument of
government. This Administration has come into power with a very clear
and definite mandate from the people. The expression of the popular
will in favor of maintaining our constitutional guarantees was
overwhelming and decisive. There was a manifestation of such faith in
the integrity of the courts that we can consider that issue rejected
for some time to come. Likewise, the policy of public ownership of
railroads and certain electric utilities met with unmistakable defeat.
The people declared that they wanted their rights to have not a
political but a judicial determination, and their independence and
freedom continued and supported by having the ownership and control of
their property, not in the Government, but in their own hands. As they
always do when they have a fair chance, the people demonstrated that
they are sound and are determined to have a sound government.

When we turn from what was rejected to inquire what was accepted, the
policy that stands out with the greatest clearness is that of economy
in public expenditure with reduction and reform of taxation. The
principle involved in this effort is that of conservation. The
resources of this country are almost beyond computation. No mind can
comprehend them. But the cost of our combined governments is likewise
almost beyond definition. Not only those who are now making their tax
returns, but those who meet the enhanced cost of existence in their
monthly bills, know by hard experience what this great burden is and
what it does. No matter what others may want, these people want a
drastic economy. They are opposed to waste. They know that extravagance