Democrats
Cry Wolf Quotes
[The strong Democratic bill will] bring about conditions in the business community which will be chaotic…and could bring about a breakdown between government and those in labor and management with which it deals.
No honest man can make war upon great fortunes per se. The Democratic Party never has done it; and when the Democratic Party begins to do it, it will cease to be the Democratic Party and become the socialistic party of the United States; or better expressed, the communistic party, or quasi communistic party, of the United States.
This is an unprecedented threat to American traditions, and is aimed at forcing civil rights compliance in the South by authorizing the cutting off of funds in all financial assistance programs. Procedures in the title are devoid of due process of law. It states too broad a policy without defining ‘discrimination.’ Moreover, it authorizes an alternative court enforcement to bureaucrats who pronounce regulations approved by the President, whereas these matters should be promulgated, if at all, by act of Congress.
The enactment of the foregoing bill as introduced would, in our opinion, eventually ruin the original home thrift institutions, such as ours, and approximately 11,000 others in the United States holding the savings of 10,000,000 of our people in the aggregate sum of approximately $8,000,000,000.
