I found this piece while suring the met on the day after Christmas (2009).
Ronald Reagan made sense even back them. We sure could use his wisdom today.
Below is a brief discurption which sets up the clip.
Back in 1927, an American socialist, Norman Thomas, six times candidate for president on the Socialist Party ticket, said the American people would never vote for socialism. But he said under the name of liberalism the American people would adopt every fragment of the socialist program.
There are many ways in which our government has invaded the free precincts of private citizens, method of earning a living; our government is in business to the extent of owning more than 19,000 businesses covering 47 different lines of activity. This amounts to 1/5th of the total industrial capacity of the United States.