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Friday, October 3, 2014

Market Ex: President Dwight Eisenhower- On the American Safety Net

Source:Market Ex- Dwight D. Eisenhower (Republican, Texas) President of the United States (1953-61)

Source:The Daily Times 

“Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.” 

From Market Ex 

Dwight Eisenhower certainly wasn’t a Tea Party Republican economically or anything else. Whatever a Tea Party Republican is supposed to be, because there are many types.

But Ike was not a classical conservative economic libertarian Tea Party Republican. Not a Rand Paul Conservative Libertarian, which is what I’m getting at. But more like a Newt Gingrich Republican at least when it came to economic policy or what they use to call in Canada a Progressive Conservative.

Progressive Conservatives believe in the basic safety net for people who needed it, including the New Deal. But someone who also believed in freedom when it came to economics as well as personal freedom.

A Progressive Republican (not an Oxymoron) is someone who didn’t want a big welfare state for America. Someone who believed that Americans should have the freedom to be able to do as much for themselves as possible.

Progressive Republicans believe the safety net are for those people who needed it. Ike certainly wasn’t a Social Democrat or Democratic Socialist (which are very common in Europe) but someone who believed in using conservative principles to accomplish progressive goals. That you needed both freedom and a safety net for the country to be as strong as possible economically.

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John F. Kennedy Liberal Democrat

John F. Kennedy Liberal Democrat
Source: U.S. Senator John F. Kennedy in 1960