Harry Truman actually said...

But while we have made progress in reducing the coverage of rent control and can look forward to further progress, the time has not yet come...

Removal of controls would mean serious hardship for millions of tenants who are caught in a 'seller's market' and cannot obtain lower rents ...

The housing shortage will still be acute.

The policy of orderly decontrol has resulted in a steady reduction of the number of units under control.