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20

October 26, 2008 – Comments (4)

``The world has been slow to realize that we are living this year in the shadow of one of the greatest economic catastrophes of modern history. But now that the man in the street has become aware of what is happening, he, not knowing the why and wherefore, is as full today of what may prove excessive fears as, previously, when the trouble was first coming on, he was lacking in what would have been a reasonable anxiety. He beings to doubt the future. Is he now awakening from a pleasant dream to face the darkness of facts? Or dropping off into a nightmare which will pass away?''

 Keynes, December, 1930, 14 months after the crash

 

 

I found this gem to go read.  It is just over 2 years now,  Famous Quotes From the Past.  Reading the Banker quotes under number 4, well they just as big of morons back then as they are today.

 

 

 Prosperity cannot be restored by raids upon the public Treasury.
Herbert Hoover

 

True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.
Franklin D. Roosevelt 

 

The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little.
Franklin D. Roosevelt 

 

Simple Truths message to Congress (1938) (Roosevelt)
Unhappy events abroad have retaught us two simple truths about the liberty of a democratic people. The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself. That, in its essence, is fascism—ownership of government by an individual, by a group or by any other controlling private power.

The second truth is that the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living. Both lessons hit home. Among us today a concentration of private power without equal in history is growing.

 

 Big, big, too bad this one was long forgotten, but we all get rich from owning Walmart so anything goes...

Franklin Roosevelt's Statement on the National Industrial Recovery Act (16 June 1933)

No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.

 

 Herbert Hoover quotes

I outlived the bastards.

When asked how he dealt with people who blamed him for the Great Depression, quoted in The Court Years 1939-75 (1980) by William O. Douglas


Blessed are the young, for they shall inherit the national debt.

Address to the Nebraska Republican Conference, Lincoln, Nebraska (16 January 1936)


No country can squander itself to prosperity on the ruin of its taxpayers.

 

 

 

 

4 Comments – Post Your Own

#1) On October 26, 2008 at 3:14 AM, dinodelaurentis (73.17) wrote:

good lord! what's a nice candian schoolteacher like you doing up at a time like this??!! it's not even winter yet!

oh and BTW, nice collection of quotes. you know your material young lady...

and despite his role in things, i think Hoover's quote was the best! FDR's was second. how come everybody wants to lay off the employees when the economy gets rough? i thought the human resource was the most important resource...

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#2) On October 26, 2008 at 3:53 AM, dwot (72.07) wrote:

Lol dinodelaurentis, it is late, but it isn't as late here as it what it says...

And it is winter where I am, -10C and there's been snow for almost two weeks now... 

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#3) On October 26, 2008 at 10:22 AM, MaskedMan2007 (99.22) wrote:

This quoted attracted my attention : "The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little. "
Franklin D. Roosevelt 

In theory, the objectif of capitalism is to create wealth for the society as a whole. It should benefit to anybody. But since 1980', capitalism has been unsuccessful at it. The common citizen is not richer than he was 25 years ago and the distance between poors and richs have widen.

I still think that capitalism is the best way to create wealth for a society as a whole, but some adjustements will have to be made if we want to make sure that the common citizen benefits from it.

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#4) On October 26, 2008 at 11:43 AM, MarketBottom (29.18) wrote:

Delete the mafia style greed of the 90s

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