DEMOCRATS: Hickory, Dickory, Hoax

In the week's fast-stepping piece of partisan dialectic, Harry S. Truman, ex-President of the U.S., gave his successor in the White House an old-fashioned hickory-stick tanning. The speech, delivered in New York to the Roosevelt Day Dinner of the Americans for Democratic Action, turned out a long list of scorching criticisms of the Republican Administration.

Unlike some fellow Democrats, who have been fearing doom and depression, Harry Truman seemed willing to recognize the facts of U.S. prosperity. In fact, he chided the Administration for lacking the courage of its convictions: If the U.S. is more prosperous than ever, Truman said,...