Evening star., 1960-07-26

cOIlVlCbIOu 1OT u1AlI6dSd1C6 III
Office Of any high official of
this administration. That does
not mean everything has been
perfect. It does mean that
wherever there was any slight
est suspicion Of impropriety,
this Republican administration
has not tried to cover up; it
has cleaned up. That is what
you wanted 1t to do.
We said we were convinced
we could bring prosperity with
out war-something our pred
ecessors had never been able
to do in this century. We sue
ceeded.
Imitation Slowed
The first requirement was to
stabilize our economy and slow
down the imitation. It was
stealing the peoples substance
- and especially cruel in its
eating away Of the value Of
the pensions and social Sc
curity benefits which millions
of older persons were counting
on for the security and serenity
they so richly deserve in their
years Of retirement.
How could imitation best be
checked? The Democrats clam
ored for more controls. Presi-
dent Eisenhower announced he
would take off the controls.
You will recall how some
screamed that the Republicans
were yielding to the prof1teers,
big business, money interests;
prices for common people
would now go sky high, and
so on. .
But did they? No. The prices
which had been rising alarm
ingly - 48 per cent in the
seven Truman years-prompt-
ly leveled of and stayed prac-
tically stable for four years.
We achieved this stability
not by changing our free sy-
stem, but by using it. 1t works
better than those of little faith
in the American people give it
credit for.
Big Gain in Jobs, Wages
We said in 1852 that If the
Federal government would stick
to its proper function of run
ming the business of the Ma
ton, and get out of trying to
manage the affairs Of oul
people, the creative energies Of
the American people and theil
millions of individual enter
priSes would create a vaster ex-
panSion of production and
trade, with correspondence
greater expansion of jobs than
the Government itself could do
Were we right or wrongP Well
there were 81 million jobs when
we took over in 1858. There
are 60 million jobs tonight.
And jobs at higher wages
Wages up SO per cent in these
seven years! Do you recall the
seven consecutive cost-of-livinp
increases that labor had to
tight for just to keep up with
imitation under Truman? In
contrast. real wages, actual
purchasing power. has gone ur
20 per cent under this admin.
iStration.
To buy q standard market
basket of groceries in 1945 un.
der the Roosevelt administra.
ton, it cost the average worker
13 hours of labor. To buy the
same market basket in 1852 un.
der the Truman administration
took 1877 hours of labor. To buy
1T in 1859 under the Eisenhower
administration cost 10 hours.
This is the measure Of how
much better off rank and file
people are today. Does this
sound like a party of big
business?
Gains for Labor
Our workers have better food
and clothing for themselves and
their families, more homes
more automobiles, more refrig-
orators, more TVS, more free
time for study, for recreation
for sports, for travel, for what
ever. The record is clear that
labor has done better under
this Republican administration
than in all its previous history
Personal income, the money
that goes into your pockets, has
gone up a whopping 80 per
cent-from 1901 billion in 1852
to 1920 billion in 1960-and in
constant dollars.
Furthermore, a larger share
ofthat higher income than ever
before, more than 4 per cent
larger, goes now into the pay
envelopes Of workers. Anything
wrong with workers getting a
bigger share Of the national in
come under the Republicans
than they ever did under the
Democrats?
Isn't it plain horse sense to
trust for the next four years
the leadership which has en-
abled you to do so well for
yourself in the last eight years?
Gave Biggest Tax Cut
While the Republican 83rd
Congress was in power to CO.
operate with the Eisenhower
administration during its first
two years, we gave the Ameri-
can people the biggest single
tax cut in their history-and
at the same time expanded
the benefits to people; more
social security benefits, more
for highways, hospitals, health,
housing.
And you still have that tax
cut. If I may borrow a phrase
that YOU perchance remember {:
Don't let them take IL awavi