Newstalgia Reference Room - Henry Wallace Talks About Big Business And Big Oil -1948

Newstalgia Reference Room with a radio address from 1948 Presidential candidate of the Progressive Party ticket, Henry Wallace. He discusses the state of Big Business and Big Oil in influencing government policy and how the blame is equally shared with Democrats as well as Republicans. Address from July 29, 1948.
By Gordonskene — May 11, 2012

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Henry Wallace - despite the corny photo-op, had a lot to say about the state of things.


It's a little hard to imagine this radio address is actually from 1948. The problems Progressive Party Presidential Candidate Henry Wallace discusses during this campaign talk are somewhat eerie in their similarities to our current situation.

Political corruption, the over-bearing influence of Wall Street and the Banking system over elected officials. The manufactured prices, the hysteria and the fear mongering - it's all there. Only it's 1948.

Henry Wallace was an ardent New Dealer and Secretary of Agriculture before becoming vice-President during FDR's third term. After FDR's death, Wallace broke with the party and clashed with Truman over domestic and foreign matters. Wallace was repeatedly smeared by both Democrats and Republicans as being pro-Communist, and the fact that he enjoyed a cordial relationship with Moscow probably didn't help matters any.

But he did speak about things that have come back to haunt us now.

So here, in its entirety, is Henry Wallace's Campaign address from July 29, 1948.

And keep reminding yourself of that as you're listening.

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