The Hot Red Breath

"A recession is an expensive luxury," said Central Intelligence Agency Director Allen Dulles to 700 U.S. Chamber of Commerce delegates after a satisfying lunch of ham with raisin sauce and apple pie with cheese in Washington's flossy Mayflower Hotel. "Soviet propagandists have had a field day in recent months pounding away at American free enterprise." And just in case some complacent citizens, including a few drowsy ones in his audience, did not know that the Soviet economy is coming up fast to make it a real race, Dulles ticked off some dry facts:

P: Russia's gross national product, already second largest in the world, although less than half that of the U.S., is rising twice as fast.

P: Soviet state capitalism concentrates its new investments in electric power, basic metals and production plants, will probably top the shrinking U.S. investment in these fields this year.

P: U.S.S.R. machine-tool output, already double the U.S. volume of two years ago, continues to expand without recession worries.

P: The Sino-Soviet bloc's steel mills outpoured the slowed-down (54% of capacity) U.S. plants for the first time in the first quarter of this year.

P: The Soviets, using U.S. accomplishments as targets even in their weak areas, have plans to produce by 1972 as much crude oil as the U.S. pumps now.

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