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I know that you have been hearing a lot of charges lately about Government interference with business, about the undermining of the free enterprise system, and about "creeping socialism." In short, you have been hearing that the Government is doing everything possible to wreck every industry in the country.
Nothing could be further from the truth. The record shows that the Government action in recent years has been the salvation of private enterprise ...
I know there are some people who still don't believe that the policies of the Government have had anything to do with our present prosperity. That reminds me of a story I heard on my recent nonpolitical trip. It seems that there was a rock-ribbed old gentleman of a political persuasion, shall we say, somewhat different from mine. One of his friends asked him what man to vote for for President in 1952.
"Well," he said, "I would like to vote for Dewey."
"Dewey!" said the friend. "Why Dewey?"
"Well," he said, "I voted for him the last two times, in 1944 and in 1948, and business has never been so good as it is today" ...
The funny thing is that this has all been said before. The current campaign is almost exactly like the campaign of the old Liberty League, back in 1935 and 1936. I was in that campaign, too, by the way. It uses the same old slogans, the same old scarewords, and the same old falsehoods. The only difference is that it sounds even more foolish now than it did 14 years ago.

Harry Truman June 6, 1950
Harry Truman called the GOP out many years ago. 
October 10, 1952, Harry Truman said this:
 
Socialism is a scare word they have hurled at every advance the people have made in the last 20 years.
Socialism is what they called public power.
Socialism is what they called social security.
Socialism is what they called farm price supports.
Socialism is what they called bank deposit insurance.
Socialism is what they called the growth of free and independent labor organizations.
Socialism is their name for almost anything that helps all the people.
When the Republican candidate inscribes the slogan "Down With Socialism" on the banner of his "great crusade," that is really not what he means at all.
What he really means is "Down with Progress--down with Franklin Roosevelt's New Deal," and "down with Harry Truman's fair Deal." That's all he means.