What was the "dynamic conservatism" that President Eisenhower believed in?

The dynamic conservatism approach that Eisenhower espoused
in his presidency is said to have combined a religion-based concern for the individual
with a political orientation toward constricting government spending and allowing the
capital marketplace to operate as freely as possible.

While
the roots of his dynamic conservatism--also called Modern Republicanism by href="https://www.whitehouse.gov/1600/presidents/dwightdeisenhower">Einsenhower's
White House biography writers Frank Freidel and Hugh Sidey (“The Presidents of the
United States of America”)--appeared to be genuine since grounded in his deeply felt and
highly motivating href="http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780195300604.001.0001/acprof-9780195300604-chapter-7">religious
beliefs, there are nonetheless critics who suspect that, given time, he would
have dismantled the New Deal, including the social welfare aspects of it, although his
own words discredit this criticism (quoted
below).

Eisenhower himself explained dynamic conservatism
as meaning he was "conservative when it comes to money, liberal when it comes to human
beings" (quoted on href="http://countrystudies.us/united-states/history-116.htm">countrystudies.us).
In presidential actions, this took the form of continuing social welfare programs while
reducing government's social welfare monetary
obligations.

Some specifics that illustrate this
two-pronged approach of dynamic conservatism relate to Social Security and government
subsidies (government payments to entities, such as farmers, to shore up the price of
goods in the marketplace). Eisenhower increased Social Security, expanding its scope to
include categories of workers previously excluded, while upholding href="http://www.livinghistoryfarm.org/farminginthe50s/money_05.html">farm price
supports that he made href="http://ucce.ucdavis.edu/files/repositoryfiles/ca210p2-71289.pdf">flexible price
supports, with 90 percent price parity guarantee to "cooperator" farmers and
54 percent price parity guarantee to "noncooperator"
farmers.

Eisenhower addressed social problems and
socioeconomic political problems by appealing to the private sector. For instance, he
appealed to href="http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780195300604.001.0001/acprof-9780195300604-chapter-7">voluntary
organizations, like private colleges, church boards and philanthropic
organizations, to remedy social and economic problems like hunger, under-education and
under-employment, while at the same time de-federalizing href="http://countrystudies.us/united-states/history-116.htm">offshore oil
production by turning offshore oil operations over to state
governments. 

While Eisenhower's political orientation
favored and was sympathetic to business, he was concerned for and exerted his influence
in favor of the underprivileged. Although it must be noted that, at the same time, his
dynamic conservatism risked href="http://countrystudies.us/united-states/history-116.htm">rising
unemployment by restricting government regulation on monetary policy, which
ushered in several recessions. Additionally, he cut government spending on social
safety-net programs even though he upheld Social Security, unemployment insurance and
labor laws.

readability="11.779005524862">

President Dwight Eisenhower,
Republican, uttered these words on

readability="14.686847599165">November 8, 1954:

"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 that you can do these things. Among them
are a few Texas oil millionaires, and an occasional politician or businessman from other
areas. Their number is negligible and they are stupid." (quoted on href="http://www.snopes.com/politics/quotes/ikesocial.asp">snopes.com)