Certainly that, but also in the 50s “the machine” was humming along well. By “the machine”, I’m specifically talking about the process of capital buying off the white working and middle classes with houses, cars, and consumer goods; and allowing them to feel the privilege of being settlers i.e. getting to feel superior to non-white people. Both parties operated on keeping this white supremacist process going. The 50s were amazing if you were white. Neoliberalism and the Civil Rights Act (one bad, one good) brought an end to “the machine” and now white people are sad they don’t get as much settled privilege as they used to.