Source found

A week ago NewMexiKen posted a quotation from Dwight Eisenhower. Here is the (slightly) corrected quotation, which is from a November 8, 1954, letter to his brother Edgar:

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.

Read the whole letter from among The Papers of Dwight David Eisenhower.