Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-10

ICLCoO III t1lC pCOpIC VI AI1lCIICH
This amounts to the charge that
your Government has betrayed
your trust. Such talk is politi-
cal responsibility at its worst.
Now-the facts.
Labor's share in our national
income today is 10 cents out OF
every dollar-a record high for
the last 20 years.
Labor unions have grown to
their greatest strensth-and won
the best contracts-in all the
history of American labor.
Social security has been ex-
tended to include 10 million
more workers.
Federal programs to advance
the health Of the American
people have been expanded and
improved as never before in our
history.
Unemployment insurance has
been extended to 4 million more
workers and its dement's in
creased by the States-at our
urging-for many more millions
The unemployment rate this
September-tflis very last month
lis lower than in any previou,
Ipeacetime September. during al
their 20 years in office.
On Democratic Promises
Finally: These political orator,
promise bigger Government
spending on every front-lowel
taxes for every citizen-al
wrapped up in the bright pack
age Of a balanced national bud
get.
They deplore temporary un.
employment in our automobile
induStry-as do we all. but-ir
almost the same breath-they
deplore installment-credit- buy
ing that is vital to provide jobs
in that industry.
Now these contradictions in.
spire one comment many people
have said-and I agree-that
this administration marches
politically in the middle OF the
road" Obviously, any political
opposition has a natural right
to try to pass on this road-by
going either to the right or the
left. But there is one thing that
is not natural, for the simple
reason that it is not possible
and that is to try to pass on both
sides at the same time.
Progress Is No Accident
I now turn-With relief-from
the record Of this GATHERING
campaign oratory-to the record
of this administration-and to
the progress of our country.
I need not recite all the de-
tails. They are written plainly
across the land we live in. But
this truth l repeat: The facts OF
this progress are not political or
economic accidents. Each is
based upon specific principles
and policies.
Let me give few examples.
How and why has the number
Of civilian jobs increased since
1852 at a rate twice the pace of
the preceding four years?
1t has not been done by
fabulous Federal spending-for
spending has been cut by bill
lions. 1t has been done by en-
couraging the skills of Ameri-
can labor and the power of
American industry-to enrich
the lives, not of a favored few,
but of all Americans.
Rise Of Living Cost Curbed
How. and why, have we been
able to check the rise in the cost
of living?
1t has been done by applying
sense and thrift and discipline
to our costs and our fiscal
policies. This is the very founda-
ton Of a sound dollar. And a
sound dollar is vital-not for the
rich. who may afford the loss
Of inf1ation-but for every citi-
zen looking ahead to social Sc
curity payments--in sound dol
lars.
How, and why. have we been
able-in other Ways-to help
labor toward such great progress
and strength?
1t has not been done by using
Government power as a Substi-
tute for good faith in labor
management relations-as when
the previous administration tried
to take over the steel industry
in 1852. 1t has been done by re-
specting free collective bargain
ing-and the men who do the
bargaining.
How, and why, have we been
able to help the American econ
omy to smash all records with
an annual production rate well
above $400 billion-surging to-
ward a level that soon will
provide 10 million jobs?
1t has been done by bringing
integrity TO our national eco
nomic policies-and be decen-
Trailing the political power OF
the Federal Government. These
actions have inspired confidence
in our future, and this con-
fidence, in turn. has inspired in
vestment in that future.
Differences In Money Policies
Now these few examples make
one thing clear. There is a basic
conflict between our policies and
those Of the opposition.
They stand for: Bigger Gov
eminent costs and spending be-
yond reyenue--therefore. loose
handling OF the dollar-there-
fore, infiation--and, inevitably,
centralized Federal power.
/ We stand for: Economy in
Government stabilized living
cost--and the citizens greater
fNnadAV,a f@AV,a U-A-.-H g-k-....