Word: dealism
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...rank-&-file of the Republican Party is essentially rightist, conservative, believes in state rights and the responsibility of the individual; decries New Dealism in all its forms; looks with dismay on the growing interference of the Federal Government in business, and with foreboding on the pandering of the Government to the labor unions...
Instead of concentrating on combating communism and socialism on an ideological level." he said. "We're going to present practical investigations of our present day economy which will show the dangers of New Dealism, planned economy, and paternalistic government...
...years, New Dealism was forgotten; even Harry Hopkins, according to Sherwood, was sick of "those Goddamn New Dealers." In this period the economy needed no shot in the arm. But even in 1946-48, the demise of New Dealism seemed definitely to be on the way; and it was difficult for the objective observer to understand the unpopularity of a public policy which had done so much for the masses. As we look back now, it may well be that what was interpreted as a repudiation of New Deal or Keynesian economics, upon which it was largely built...
What is the essence of New Dealism or Keynesianism? First, and foremost, it is the responsibility of government to guarantee a minimum of demand and a relatively stable demand; for these are the sine qua non for a prosperous economy. That does not mean a steady accumulation of public debt or continued inflation. It means, insofar as the broad objectives of public policy allow, minimum public expenditures and maximum taxes (and repayment of debt) in periods of exuberance (1946-48), and increased public expenditures and minimum taxes in periods of depression. It means lacing public activity with private...
...contention that the forces of New Dealism were gathering ominously to prevent him from being re-elected--thereby undermining the whole system of parliamentary government. When the CIO Political Action Committee was formed in early 1944, he sought in vain to connect it with the Administration. The PAC was not only legal, but it made things so hot for Dies down in Texas that he decided not to try for another term. Glumly muttering imprecations, he "retired," and his fellow-southerner, John Rankin, took over...