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I was waiting for someone to start a thread based on the President's Osawatomie, KS speech and center their entire argument on this one paragraph from same:
First of all, that's NOT the actual quote from his speech. Here's how that paragraph actually reads:
(Note: The link to the speech is broken at WhiteHouse.gov, but I managed to find the entire speech here.)
Second, what the President was contrasting in his remarks (purposely misquoted I might add) is the attitude many pundits have that we as a nation are somehow better off fending for ourselves than working collectively for the good of the nation. Hence, the reference to individualism. Here's exactly what he said leading up to and including the correctly quoted paragraphs from his speech:
So, what the President was referring to when he said, "It doesn't work...It never worked," was the idea that "the market will take care of everything" and everybody would share in properity for all under the theory of trickle-down economics. Curious...how's that working for the country these days?
Of course, Rush Limbaugh had to get his jabs in, but he, too, purposefully misquoted the President. Here's a portion of the transcript from Rush's show today where he speaks about the speech:
Talk about totally distorting and purposefully misquoting a person! My goodness!! But those who hang on Rush Limbaugh's every word will surely drink the partisan kool-aide...:roll: And just so people no longer misunderstand what the President was saying going strictly by what Rush wrongfully quoted, the President DID NOT blame the wealthy for our economic woes nor did he blame corporations nor the free market system. He blamed "crony capitalism" and politicians who are in the back pockets of powerful lobbyest who have used their power and influence to shape our laws and tax policies to the will of corporate interest, as well as the wealthiest among us. But don't take my word for it. Read the President's speech.
Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. But here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade.
First of all, that's NOT the actual quote from his speech. Here's how that paragraph actually reads:
It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work. It’s never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.
(Note: The link to the speech is broken at WhiteHouse.gov, but I managed to find the entire speech here.)
Second, what the President was contrasting in his remarks (purposely misquoted I might add) is the attitude many pundits have that we as a nation are somehow better off fending for ourselves than working collectively for the good of the nation. Hence, the reference to individualism. Here's exactly what he said leading up to and including the correctly quoted paragraphs from his speech:
In 1910, Teddy Roosevelt came here, to Osawatomie, and laid out his vision for what he called a New Nationalism. “Our country,” he said, “…means nothing unless it means the triumph of a real democracy…of an economic system under which each man shall be guaranteed the opportunity to show the best that there is in him.”
For this, Roosevelt was called a radical, a socialist, even a communist. But today, we are a richer nation and a stronger democracy because of what he fought for in his last campaign: an eight hour work day and a minimum wage for women; insurance for the unemployed, the elderly, and those with disabilities; political reform and a progressive income tax.
Today, over one hundred years later, our economy has gone through another transformation. Over the last few decades, huge advances in technology have allowed businesses to do more with less, and made it easier for them to set up shop and hire workers anywhere in the world. And many of you know firsthand the painful disruptions this has caused for a lot of Americans.
Factories where people thought they would retire suddenly picked up and went overseas, where the workers were cheaper. Steel mills that needed 1,000 employees are now able to do the same work with 100, so that layoffs were too often permanent, not just a temporary part of the business cycle. These changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs or the internet. Today, even higher-skilled jobs like accountants and middle management can be outsourced to countries like China and India. And if you’re someone whose job can be done cheaper by a computer or someone in another country, you don’t have a lot of leverage with your employer when it comes to asking for better wages and benefits – especially since fewer Americans today are part of a union.
Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.
It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work. It’s never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.
So, what the President was referring to when he said, "It doesn't work...It never worked," was the idea that "the market will take care of everything" and everybody would share in properity for all under the theory of trickle-down economics. Curious...how's that working for the country these days?
Of course, Rush Limbaugh had to get his jabs in, but he, too, purposefully misquoted the President. Here's a portion of the transcript from Rush's show today where he speaks about the speech:
...the president of the United States said that while a limited government that preserves free markets speaks to our rugged individualism as Americans, such a system doesn't work and has never worked. The president of the United States said that the United States of America, as founded, "has never worked." Stop and think of that. Ponder that for a moment. The president. Not the head of the SEIU. Not the chairman of some congressional committee. Not a Democrat presidential hopeful. The elected president of the United States said in Osawatomie, Kansas, trying to be Teddy Roosevelt, that the United States of America has never worked. That is a quote, "has never worked."
Talk about totally distorting and purposefully misquoting a person! My goodness!! But those who hang on Rush Limbaugh's every word will surely drink the partisan kool-aide...:roll: And just so people no longer misunderstand what the President was saying going strictly by what Rush wrongfully quoted, the President DID NOT blame the wealthy for our economic woes nor did he blame corporations nor the free market system. He blamed "crony capitalism" and politicians who are in the back pockets of powerful lobbyest who have used their power and influence to shape our laws and tax policies to the will of corporate interest, as well as the wealthiest among us. But don't take my word for it. Read the President's speech.
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