' [The American system] is founded upon a particular conception of self-government in which decentralized local responsibility is the very base. Further than this - it is founded upon the conception that only through ordered liberty - freedom - and equal opportunity to the individual will his initiative and enterprise spur on the march of progress.' This policy lost the presidency for which of the following?

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' [The American system] is founded upon a particular conception of self-government in which decentralized local responsibility is the very base. Further than this - it is founded upon the conception that only through ordered liberty - freedom - and equal opportunity to the individual will his initiative and enterprise spur on the march of progress.' This policy lost the presidency for which of the following?