Being a fiscal conservative and supporter of [[free market economics]] in opposition to President Roosevelt's expansion of federal government powers, Bailey co-authored the [[Conservative Manifesto]], which consisted of the following ten points:<ref>[https://northcarolinahistory.org/encyclopedia/the-conservative-manifesto/ The Conservative Manifesto]. ''North Carolina History Project''. Retrieved February 16, 2021.</ref> | Being a fiscal conservative and supporter of [[free market economics]] in opposition to President Roosevelt's expansion of federal government powers, Bailey co-authored the [[Conservative Manifesto]], which consisted of the following ten points:<ref>[https://northcarolinahistory.org/encyclopedia/the-conservative-manifesto/ The Conservative Manifesto]. ''North Carolina History Project''. Retrieved February 16, 2021.</ref> |