500+ Sourced quotes
My administration has a job to do as well. That job is to get this economy back on its feet. That's my job, and it's a job I gladly accept. I love these folks who helped get us in this mess and then suddenly say, "Well this is Obama's economy." That's fine. GIVE IT TO ME. My job is to solve problems, not to stand on the sidelines and carp and gripe. So, I welcome the job. I want the responsibility.
The Emancipation Proclamation had four enduring results. First, it gave force to the executive power to change conditions in the national interest on a broad and far-reaching scale. Second, it dealt a devastating blow to the system of slaveholding and an economy built upon it, which had been muscular enough to engage in warfare on the Federal government. Third, it enabled the Negro to play a significant role in his own liberation with the ability to organize and to struggle, with less of the bestial retaliation his slave status had permitted to his masters. Fourth, it resurrected and restated the principle of equality upon which the founding of the nation rested.
All sense of dialectics is lost when someone believes that today's economy is identical to the economy 50 or 100 or 150 years ago, or that it is identical to the one in Lenin's day or to the time when Karl Marx lived. Revisionism is a thousand miles away from my mind and I truly revere Marx, Engels and Lenin.
Wealth brings with it its own checks and balances. The basis of political economy is noninterference. The only safe rule is found in the self-adjusting meter of demand and supply. Open the doors of opportunity to talent and virtue and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle and imbecile to the industrious, brave and persevering.
General disarmament being for the present entirely out of question, a proportionate reduction might be recommended. The safety of any country and of the world's commerce depending not on the absolute, but relative amount of war material, this would be evidently the first reasonable step to take towards universal economy and peace. But it would be a hopeless task to establish an equitable basis of adjustment. Population, naval strength, force of army, commercial importance, water-power, or any other natural resource, actual or prospective, are equally unsatisfactory standards to consider.
More than any single action by the government since the end of the war, this one would change the face of America with straightaways, cloverleaf turns, bridges, and elongated parkways. Its impact on the American economy-the jobs it would produce in manufacturing and construction, the rural areas it would open up-was beyond calculation.
The economic history of the last half century offers two cases of serious international depressions in countries with an essential orientation towards a market economy: In the first half of the 1930ies and in the middle of the 1970ies. With some simplification one can say that in the former case recovery started after a few years without the aid of much conscious expansionist policy.