We have no question of the ultimate victory.  We have no question of the cost.  Our losses will be heavy.

We and our allies will go on fighting together to ultimate total victory.

We have seen a year marked, on the whole, by substantial progress toward victory, even though the year ended with a setback for our arms, when the Germans launched a ferocious counter-attack into Luxembourg and Belgium with the obvious objective of cutting our line in the center.

Our men have fought with indescribable and unforgettable gallantry under most difficult conditions, and our German enemies have sustained considerable losses while failing to obtain their objectives.

The high tide of this German effort was reached two days after Christmas.  Since then we have reassumed the offensive, rescued the isolated garrison at Bastogne, and forced a German withdrawal along the whole line of the salient.  The speed with which we recovered from this savage attack was largely possible because we have one supreme commander in complete control of all the Allied armies in France.  General Eisenhower has faced this period of trial with admirable calm and resolution and with steadily increasing success.  He has my complete confidence.

Further desperate attempts may well be made to break our lines, to slow our progress.  We must never make the mistake of assuming that the Germans are beaten until the last Nazi has surrendered.

And I would express another most serious warning against the poisonous effects of enemy propaganda.

The wedge that the Germans attempted to drive in western Europe was less dangerous in actual terms of winning the war than the wedges which they are continually attempting to drive between ourselves and our allies.

Every little rumor which is intended to weaken our faith in our allies is like an actual enemy agent in our midst—­seeking to sabotage our war effort.  There are, here and there, evil and baseless rumors against the Russians—­rumors against the British—­rumors against our own American commanders in the field.

When you examine these rumors closely, you will observe that every one of them bears the same trade-mark—­“Made in Germany.”

We must resist this divisive propaganda—­we must destroy it—­with the same strength and the same determination that our fighting men are displaying as they resist and destroy the panzer divisions.

In Europe, we shall resume the attack and—­despite temporary setbacks here or there—­we shall continue the attack relentlessly until Germany is completely defeated.

It is appropriate at this time to review the basic strategy which has guided us through three years of war, and which will lead, eventually, to total victory.

The tremendous effort of the first years of this war was directed toward the concentration of men and supplies in the various theaters of action at the points where they could hurt our enemies most.