Now this essentially is the difference between the Republican party and the Democratic party. Philosophically, the Republican party believes that if … - Walter Reuther

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Now this essentially is the difference between the Republican party and the Democratic party. Philosophically, the Republican party believes that if you help big business to earn higher profit, they will then invest more money in plants. That will create more job opportunities. That will create full employment. They've got this trickle-down theory that you can build prosperity from the top down. The Democrats basically believe that you've got to build prosperity from the bottom up by expanding purchasing power, by doing the things that will make it possible for all the American people to participate in prosperity.