"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid."
The author was none other than Dwight David Eisenhower, the 34th President of the United States and a Republican. He said this on November 8, 1954. Do you think he'd guess that a Texas oil millionaire would try to do just those things 50 years later?