As a former Democrat, I can tell you Norman Thomas isn't the only man
who has drawn this parallel to socialism with the present
administration. Back in 1936, Mr. Democrat himself, Al Smith, the
great American, came before the American people and charged that the
leadership of his party was taking the part of Jefferson, Jackson, and
Cleveland down the road under the banners of Marx, Lenin, and Stalin.
And he walked away from his party, and he never returned to the day he
died, because to this day, the leadership of that party has been
taking that party, that honorable party, down the road in the image of
the labor socialist party of England. Now it doesn't require
expropriation or confiscation of private property or business to
impose socialism on a people. What does it mean whether you hold the
deed or the title to your business or property if the government holds
the power of life and death over that business or property? Such
machinery already exists. The government can find some charge to bring
against any concern it chooses to prosecute. Every businessman has his
own tale of harassment. Somewhere a perversion has taken place. Our
natural, inalienable rights are now considered to be a dispensation of
government, and freedom has never been so fragile, so close to
slipping from our grasp as it is at this moment. Our Democratic
opponents seem unwilling to debate these issues. They want to make you
and I believe that this is a contest between two men...that we are to
choose just between two personalities.

http://www.reaganlibrary.com/reagan/speeches/speech.asp?spid=1
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