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Republican Fund-Raising Dinner, Ellensburg, WA, May 11, 1968
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Republican Fund-Raising Dinner, Ellensburg, WA, May 11, 1968
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The original documents are located in Box D24, folder "Republican Fund-Raising Dinner,
Ellensburg, WA, May 11, 1968" 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States of America his copyrights in all of his unpublished writings in National Archives collections.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.
Distribution : Full
maffice Copy
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
--FOR RELEASE IN SUNDAY AM's--
Excerpts from a Speech at a Republican Fund-Raising Dinner, Saturday evening,
May 11, 1968, at Ellensburg, Washington.
Ever since early 1966 the name of the game has been inflation. The Democrats
call it prosperity, but the people know better.
What the Democrats have been calling prosperity is like fool's gold; it
glitters but it's not real. The dollars come more easily but they don't buy much.
The Democratic Party would like Americans to believe that inflation is
prosperity, but they're a bunch of dreamers--and the time of rude awakening is here.
Europeans awakened last year. They've been running away from the dollar
ever since.
In America the name of the game has changed. Now it's Save Our Dollar
(SOD) -and I'm sure the message is percolating down to the grass roots.
Americans have been paying for years for inflation--for what the Democrats
call prosperity- in higher prices in the market place and a steady loss in the
value of our money. Now they are about to begin paying for it in higher taxes.
The inescapable fact is that the Democratic Party has pushed this country
to the brink of a financial precipice, and the Congress must act or we will all
go over the edge.
What has happened to our money
to the dollar that used to be as good as
gold?
The Democratic Party has debauched it through excessive federal spending
through red-ink spending that has piled up $70 billion in federal deficits since
1960, forced up home mortgage loan interest rates to the highest level in 50 years,
and fueled the inflation which has pushed the cost of living up nearly 20 per cent
since 1960.
The Johnson-Humphrey Administration could have stopped the inflationary
spiral before it got started in early 1966. The Democratic-controlled Congress
could have halted it at that time. Republicans pleaded for restraint in federal
spending to offset the cost of the Vietnam War. But the Democratic Administration
and the Democratic-controlled Congress ignored all Republican pleas for economy.
(more)
Digitized from Box D24 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
-2-
It was the Johnson-Humphrey Administration and the Democratic Party that
lit the inflation skyrocket--and the American people got hooked for the ride.
What about the farmer? The farmer has been a prime victim of Johnson-
Humphrey inflation. Incredibly, the farmer's income brings him only 74 per cent
of parity. This is because prices received by the farmer have gone up very little
in the last seven years but the index of prices paid by the farmer has gone up an
amazing 44 points. Republicans are determined that the farmer's lot be improved.
The President says we must have an income tax increase. He has sought to
make it seem so desirable that the people will even believe a tax increase is
something good. Republicans are insisting on deep cuts in federal spending--and
the President will have to swallow that even though he gags on it.
The irony of the situation is that the President blames his own Democratic-
controlled 90th Congress for the fiscal mess plaguing the people, the mess that
got its big buildup fully two years ago, the mess that the Johnson-Humphrey
Administration and the overwhelmingly Democratic 89th Congress joined hands in
making.
Let's get the record straight. America would not be in deep financial
trouble today if Republicans had been in power for the last several years.
You remember what Lyndon Johnson said during the 1966 campaign. He said
inflation is something Americans only have to worry about during Democratic
administrations. He might have added that seeing all the gold backing disappear
from our currency is something Americans only have to worry about during Democratic
administrations. He might have said, too, that fighting a no-win war that costs
thousands of American lives and $30 billion a year is something Americans only
have to worry about during a Democratic administration.
I think the American people this year are keenly aware of the Nation's
problems. They are acutely aware, too, of Johnson-Humphrey Administration
failures--failure to keep the peace either at home or abroad, failure to keep the
dollar sound, failure to improve the quality of American life.
The American people are looking for new leadership, bold and sensible
leadership. They will find it in the Republican Party.
# # #
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
--FOR RELEASE IN SUNDAY AM's--
Excerpts from a Speech at a Republican Fund-Raising Dinner, Saturday evening,
May 11, 1968, at Ellensburg, Washington.
Ever since early 1966 the name of the game has been inflation. The Democrats
call it prosperity, but the people know better.
What the Democrats have been calling prosperity is like fool's gold; it
glitters but it's not real. The dollars come more easily but they don't buy much.
The Democratic Party would like Americans to believe that inflation is
prosperity, but they're a bunch of dreamers--and the time of rude awakening is here.
Europeans awakened last year. They've been running away from the dollar
ever since.
In America the name of the game has changed. Now it's Save Our Dollar
(SOD) -and I'm sure the message is percolating down to the grass roots.
Americans have been paying for years for inflation--for what the Democrats
call prosperity- in higher prices in the market place and a steady loss in the
value of our money. Now they are about to begin paying for it in higher taxes.
The inescapable fact is that the Democratic Party has pushed this country
to the brink of a financial precipice, and the Congress must act or we will all
go over the edge.
What has happened to our money to the dollar that used to be as good as
gold?
The Democratic Party has debauched it through excessive federal spending
through red-ink spending that has piled up $70 billion in federal deficits since
1960, forced up home mortgage loan interest rates to the highest level in 50 years,
and fueled the inflation which has pushed the cost of living up nearly 20 per cent
since 1960.
The Johnson-Humphrey Administration could have stopped the inflationary
spiral before it got started in early 1966. The Democratic-controlled Congress
could have halted it at that time. Republicans pleaded for restraint in federal
spending to offset the cost of the Vietnam War. But the Democratic Administration
and the Democratic-controlled Congress ignored all Republican pleas for economy.
(more)
-2-
It was the Johnson-Humphrey Administration and the Democratic Party that
lit the inflation skyrocket--and the American people got hooked for the ride.
What about the farmer? The farmer has been a prime victim of Johnson-
Humphrey inflation. Incredibly, the farmer's income brings him only 74 per cent
of parity. This is because prices received by the farmer have gone up very little
in the last seven years but the index of prices paid by the farmer has gone up an
amazing 44 points. Republicans are determined that the farmer's lot be improved.
The President says we must have an income tax increase. He has sought to
make it seem so desirable that the people will even believe a tax increase is
something good. Republicans are insisting on deep cuts in federal spending--and
the President will have to swallow that even though he gags on it.
The irony of the situation is that the President blames his own Democratic-
controlled 90th Congress for the fiscal mess plaguing the people, the mess that
got its big buildup fully two years ago, the mess that the Johnson-Humphrey
Administration and the overwhelmingly Democratic 89th Congress joined hands in
making.
Let's get the record straight. America would not be in deep financial
trouble today if Republicans had been in power for the last several years.
You remember what Lyndon Johnson said during the 1966 campaign. He said
inflation is something Americans only have to worry about during Democratic
administrations. He might have added that seeing all the gold backing disappear
from our currency is something Americans only have to worry about during Democratic
administrations. He might have said, too, that fighting a no-win war that costs
thousands of American lives and $30 billion a year is something Americans only
have to worry about during a Democratic administration.
I think the American people this year are keenly aware of the Nation's
problems. They are acutely aware, too, of Johnson-Humphrey Administration
failures--failure to keep the peace either at home or abroad, failure to keep the
dollar sound, failure to improve the quality of American life.
The American people are looking for new leadership, bold and sensible
leadership. They will find it in the Republican Party.
# # #