Author Topic: The 1948 editorial that could be the GOP response to every Obama State of the Union Address  (Read 248 times)

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Online Bigun

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The 1948 editorial that could be the GOP response to every Obama State of the Union Address

The below article entitled “Blueprint for Disruption” was published in Newsweek on January 19, 1948, in response to President Harry Truman’s State of the Union Address from that year. It was written by free-market journalist Henry Hazlitt, best known for his classic “Economics in One Lesson,” and excerpted from a collection of his Newsweek articles from 1946 to 1966 entitled “Business Tides.”

    “President Truman’s annual message to Congress was primarily a campaign document. It seems to have been written chiefly in fear of losing extreme leftist votes to Henry Wallace. The basic philosophy it embodies is unmistakable. It is the philosophy of the welfare state, the doctrine of salvation through bureaucracy. Free enterprise, free markets, and free prices are no longer to be trusted to stimulate and guide production and consumption. Everything is to be in charge of omniscient and omnipotent bureaucrats.

    Everyone is promised economic security, regardless of what he contributes to production. We are to have bigger job insurance, bigger old-age benefits, bigger survivors’ benefits, bigger education. The government is to subsidize our medical care and our housing. It is also to reclaim land, replant forests, build more TVA’s. On top of this, it is to spend in fifteen months on European aid alone as much as it used to spend in the same period before the war for all its purposes combined.

    If we can raise wages just by passing a law…without…harmful consequences…Why stop anywhere? ...

Much more at above link and it's all VERY good!

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