The President Joins Teddy’s Spirited Charge Up Greed Mt.

President Obama has joined the charge up the slopes of massive greed and elitist's gated power mountain.

Review these his towering speech, presented-via Robert Reich - as follows:

"The President's speech today in Osawatomie, Kansas (12/8/11) - where Teddy Roosevelt gave his "New Nationalism" speech in 1910 - is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and the privileged that have gamed the system to their advantage."

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"Some background: In 1909, Herbert Croly, a young political philosopher and journalist, argued in his best-selling The Promise of American Life that the large American corporation should be regulated by the nation and directed toward national goals. "THE CONSTRUCTIVE IDEA BEHIND A POLICY OF THE RECOGNITION OF THE SEMI-MONOPOLISTIC CORPORATION IS, OF COURSE, THE IDEA THAT THEY CAN BE CONVERTED INTO ECONOMIC AGENTS...FOR THE NATIONAL ECONOMIC INTEREST," Croly wrote. Teddy Roosevelt's New Nationalism embraced Croly's idea"

President Obama in his Speech to the Nation:

"For...(The New Deal), 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.

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"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."

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"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."

President Obama expands on this:

"...(T)his isn't just another political debate. This is the defining issue of our time. THIS IS A MAKE OR BREAK MOMENT FOR THE MIDDLE CLASS, AND ALL THOSE WHO ARE FIGHTING TO GET INTO THE MIDDLE CLASS. At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement."

This speech will occupy the minds of those who were/are privileged to hear or read it for a long time.

It's time to occupy our own courage and meet eye to eye the hoary mass of obstructionism and fawning deference to the imperial 1%ers - whose days of plunder will include sunset- a massive revolt-the very kind that scares rad-right word-monger Frank Lunz ; who says he's "SCARED TO DEATH" of the power and ability of the 99%ers who literally occupy every part of America.

Our President expands:

"Now, in the midst of this debate, there are some who seem to be suffering from a kind of COLLECTIVE AMNESIA. After all that's happened, after the worst economic crisis since the Great Depression, they want to return to the same practices that got us into this mess. In fact, they want to go back to the same policies that have stacked the deck against middle-class Americans for too many years. Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules."

President Obama's memorable concluding summation:

"Well, I'm here to say they are wrong. I'm here to reaffirm my deep conviction that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, and when everyone plays by the same rules. Those aren't Democratic or Republican values; 1% values or 99% values. They're American values, and we have to reclaim them."

"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.'"
(random emphasis added)

Well said, and Timely.


Original.