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GOP Fund-Raising Dinner, Charleston, WV, October 21, 1966
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GOP Fund-Raising Dinner, Charleston, WV, October 21, 1966
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The original documents are located in Box D21, folder "GOP Fund-Raising Dinner,
Charleston, WV, October 21, 1966" of the Ford Congressional Papers: Press Secretary and
Speech File at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. The Council donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box D21 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
FOR RELEASE AT 7 P.M. FRIDAY, OCTOBER 21, 1966
EXCERPTS FROM SPEECH BY REP. GERALD R. FORD AT GOP FUND-RAISING DINNER,
CHARLESTON, W. VA.
This Nation is waging a war against poverty, but the Johnson Administration
and big-spending Democrats in Congress have declared war against the poor.
That's the meaning of the failure of President Johnson and his Democrat-con-
trolled Congress to halt inflation. Inflation--steadily rising consumer prices--is
a war against the pocketbook. Those who suffer most cruelly in this war are the
poor and Americans on fixed incomes.
President Johnson told Americans earlier this year that the way to fight in-
flation is not to buy anthing that's priced too high. That would be great advice if
we could get along without food, shelter and clothing.
Perhaps he intended that the elderly who have little or nothing but their
Social Security checks to live on should take that advice throughout 1968.
Mr. Johnson is full of promises, you know. He recently announced he will ask
Congress next year to raise Social Security benefits--effective Jan. 1, 1968. Of
couse, his plan calls for a boost in payroll taxes.
Republicans want Social Security benefits increased now--without a payroll tax
rise. And we're going to see to it that this is the first order of business when the
next Congress convenes in January.
Republicans tried to get Social Security benefits increased this year. But the
Democrats, who control the law-making machinery in Congress, shrugged the whole thing
off. Why? Because approving a benefits increase this year would have been a con-
fession that Johnson-Democrat inflation is so bad the elderly just can't wait. And
that is exactly right.
So to save themselves embarrassment the Democrats will wait until next year to
enact an increase in Social Security benefits. And the 22 million Americans on
Social Security will have to wait, too.
While they wait, Johnson-Democrat prices will keep going up and up. Prices
went up again in September, as they have for the last eight months. There seems to
be no stopping inflation as long as the Democrats are running the show.
This administration is in trouble. When the women of America go on the
warpath, WOW. Look out.
(MORE)
2 / Charleston Excerpts
Supermarket boycotts by housewives are erupting at various spots in the coun-
try. Believe me, they have my sympathy. It's been a long time since my days as an
athelete, but I think I have enough spark left in me to lead a pretty good revolt
against higher consumer prices myself.
The Administration and Democrats in Congress are getting in even deeper. The
Government's Consumer Price Index for September shows that women's clothing prices
went up at twice the normal rate from August to September. I say it's a foolhardy
male who fools with a woman's right to buy the kind of clothes she pleases.
Factory worker's real spendable earnings also continued to 1ag in September
behind the level of a year ago.
And working families who want to buy or refinance a home have been hit with a
new high in the effective rate on FHA mortgages--6½ per cent. That 6 per cent in
the actual mortgage rate plus the premium of one-half of 1 per cent the borrower
pays to insure the lender against loss.
This is one of the latest dividends America is reaping from Johnson-Democrat
policies which have brought us the sharpest increase in consumer prices in 12 years
and the highest interest rates in more than 40 years.
It's the middle-income families who are being hurt by high interest rates on
home mortgages. They're paying more to borrow money for a home than the well-to-do.
Wealthier families with ample funds for large down payments can borrow money
from the bank--get a conventional bank loan--at interest rates lower than the average
FHA rate.
It's the middle-income and low-income families who are being squeezed the
hardest by Johnson-Democrat inflation. And they are going heavily into debt at a
time when our dollars are shrinking in value.
President Johnson can brag all he wants to about plenty of cheap dollars. But
America is going into hock.
Home foreclosures in the first six months of this year were running 7 per cent
ahead of last year, and in the past four years the number of foreclosures has risen
by 20 per cent.
This is Lyndon Johnson's America; this is Lyndon Johnson's Great Society.
Is this a good society? I don't think so, and I don't believe you do either.
Republicans want a good society for America--a society where every man who
wants to work can have a decent job and get paid in sound dollars. Let's vote for
that kind of an America on November 8.
####
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GERALD
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
FOR RELEASE AT 7 P.M. FRIDAY, OCTOBER 21, 1966
EXCERPTS FROM SPEECH BY REP. GERALD R. FORD AT GOP FUND-RAISING DINNER,
CHARLESTON, W. VA.
This Nation is waging a war against poverty, but the Johnson Administration
and big-spending Democrats in Congress have declared war against the poor.
That's the meaning of the failure of President Johnson and his Democrat-con-
trolled Congress to halt inflation. Inflation--steadily rising consumer prices--1s
a war against the pocketbook. Those who suffer most cruelly in this war are the
poor and Americans on fixed incomes.
President Johnson told Americans earlier this year that the way to fight in-
flation is not to buy anthing that's priced too high. That would be great advice if
we could get along without food, shelter and clothing.
Perhaps he intended that the elderly who have little or nothing but their
Social Security checks to live on should take that advice throughout 1968.
Mr. Johnson is full of promises, you know. He recently announced he will ask
Congress next year to raise Social Security benefits--effective Jan. 1, 1968. Of
couse, his plan calls for a boost in payroll taxes.
Republicans want Social Security benefits increased now-without a payroll tax
rise. And we're going to see to it that this is the first order of business when the
next Congress convenes in January.
Republicans tried to get Social Security benefits increased this year. But the
Democrats, who control the law-making machinery in Congress, shrugged the whole thing
off. Why? Because approving a benefits increase this year would have been a con-
fession that Johnson-Democrat inflation is so bad the elderly just can't wait. And
that is exactly right.
So to save themselves embarrassment the Democrats will wait until next year to
enact an increase in Social Security benefits. And the 22 million Americans on
Social Security will have to wait, too.
While they wait, Johnson-Democrat prices will keep going up and up. Prices
went up again in September, as they have for the last eight months. There seems to
be no stopping inflation as long as the Democrats are running the show.
This administration is in trouble. When the women of America go on the
warpath, WOW. Look out.
(MORE)
2 / Charleston Excerpts
Supermarket boycotts by housewives are erupting at various spots in the coun-
try. Believe me, they have my sympathy. It's been a long time since my days as an
athelete, but I think I have enough spark left in me to lead a pretty good revolt
against higher consumer prices myself.
The Administration and Democrats in Congress are getting in even deeper. The
Government's Consumer Price Index for September shows that women's clothing prices
went up at twice the normal rate from August to September. I say it's a foolhardy
male who fools with a woman's right to buy the kind of clothes she pleases.
Factory worker's real spendable earnings also continued to lag in September
behind the level of a year ago.
And working families who want to buy or refinance a home have been hit with a
new high in the effective rate on FHA mortgages--6½ per cent. That 6 per cent in
the actual mortgage rate plus the premium of one-half of 1 per cent the borrower
pays to insure the lender against loss.
This is one of the latest dividends America is reaping from Johnson-Democrat
policies which have brought us the sharpest increase in consumer prices in 12 years
and the highest interest rates in more than 40 years.
It's the middle-income families who are being hurt by high interest rates on
home mortgages. They're paying more to borrow money for a home than the well-to-do.
Wealthier families with ample funds for large down payments can borrow money
from the bank--get a conventional bank loan--at interest rates lower than the average
FHA rate.
It's the middle-income and low-income families who are being squeezed the
hardest by Johnson-Democrat inflation. And they are going heavily into debt at a
time when our dollars are shrinking in value.
President Johnson can brag all he wants to about plenty of cheap dollars. But
America is going into hock.
Home foreclosures in the first six months of this year were running 7 per cent
ahead of last year, and in the past four years the number of foreclosures has risen
by 20 per cent.
This is Lyndon Johnson's America; this is Lyndon Johnson's Great Society.
Is this a good society? I don't think so, and I don't believe you do either.
Republicans want a good society for America--a society where every man who
wants to work can have a decent job and get paid in sound dollars. Let's vote for
that kind of an America on November 8.
####