Word: trumanism
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Dates: during 1950-1959
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...whole. The New Deal, operating on the assumption that the economy was maturing, stressed the struggle between classes for a bigger piece of a limited pie. It took up the cudgels for the "have-nots," believing that an ever-larger Government was needed to overpower what Harry Truman loved to call "the special interests." Eisenhower's 1956 Economic Report assumes an ever-expanding pie. From that assumption it derives a new meaning of Government's role in the 20th century breakthrough of U.S. capitalism. With no breast-beating the Economic Report accepts Government responsibility for correcting unemployment, raising...
Help for Stragglers. The whole idea of "extending prosperity" to the farm, i.e., taking quick, corrective action to get all the good graph lines rising together-epitomizes Government's new role in the expanding economy. Harry Truman's Agriculture Department rushed to defend the farmer, was willing to commit him to eternal Government control in protecting farm income. Eisenhower, as the report shows it, sees the farmer as a blameless straggler in the general march to prosperity. Ike wants to get him back in line as soon as possible so that the farmer can march up the graph...
...Truman tax scandals, a star performer was chunky, sleek Abraham Teitelbaum, a Chicago lawyer whose clients included the late Al Capone. To a House subcommittee. Teitelbaum shrilled out a fantastic story of how two men had tried to shake him down for $500,000. The "or else": he'd get into "bad tax trouble" if he didn't pay. Last week in Chicago, a federal court jury found him guilty of evading $135,060 in income taxes...
...which Truman and Eisenhower were both too optimistic...
...case, said Barnes, was a major compromise." Seven years ago the Truman Administration charged AT&T (operating 98% of all long-distance phone service, 85% of all local service) with a conspiracy to monopolize" the U S phone business. Charged the Government...