Harry S. Truman Quotes


It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom — the old trickle-down theory.


Context

“it” was the then conservative Republican notion of providing tax cuts and other benefits to the wealthy.


Citations

Harry S Truman, 1884-1972, 33rd President of the United States (Democrat, MO), Speech, the Amalgamated Clothing Workers Convention, Atlantic City, May 13, 1954

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

Supply Side Economics was a new name for a long popular conservative economic theory advocated by Ronald Reagan and the Republicans. After the nation’s general experience (all but the wealthy) did not profit from the doctrine, the name “supply side” was dropped but the same ideology was brought back by George W, Bush with disastrous results. The middle class eroded and the Great Recession was produced. In the 2012 Presidential election Republican Mitt Romney, a wealthy businessman who had personally profited from the ideology in the past advocated the same ideology be adopted nationally again.


Harry S. Truman
Harry S. Truman
  • Born: May 8, 1884
  • Died: December 26, 1972
  • Nationality: American
  • Profession: President

Harry S. Truman was an American politician who served as the 33rd President of the United States (1945–53). He served as a United States Senator from Missouri (1935–45) and briefly as Vice President (1945) before he succeeded to the presidency on April 12, 1945 upon the death of Franklin D. Roosevelt. He was president during the final months of World War II, and approved the plan to drop atomic bombs on Hiroshima and Nagasaki. Truman was elected in his own right in 1948. He presided over an uncertain domestic scene as America sought its path after the war and tensions with the Soviet Union increased, marking the start of the Cold War.