KPO broadcast of a Wendell Willkie speech. He is introduced as a progressive Republican.

Speaking about the foreign policy, criticizing Wallace for stroking fear of Nazis on the campaign trail, saying many aspects of foreign policy should not be politicized. He further criticizes the New Deal on monetary concerns. First, he says Roosevelt has made international trade hard due to uncertainty in the value of the dollar. Furthermore, he says the rejection of the London summit caused the currencies of gold-block nations (i.e. France) to crash. Willkie reads a 1937 Churchill speech advocating actions FDR has since not taken; Willkie uses this to help charge that Roosevelt’s policies have lead to the downfall of Europe and the current climate.

Willkie believes the New Deal has been a failure on the domestic front, as well, leading America to bankruptcy and unconstitutional government. He further criticizes Roosevelt for packing the Supreme Court while other, more important issues needed to be dealt with. He concludes by warning of the perils of bankruptcy and saying he is a friend of the laboring class.