Now don’t get scared and start turning off your radios. I’m not advertising or trying to sell you anything. If the mouthwash you’re using is not the right kind and it tastes sort of like sheep dip why you’ll just have to go right on using it. I can’t advise any other kind at all.
And if the cigarettes that you’re using, why if they don’t lower your Adam’s apple, why I don’t know of any that will. You’ll just have to cut out apples, I guess. That’s the only thing I know.
Now, Mr. Owen Young asked me to annoy on this program this evening. You all know Mr. Owen D. Young. You know, he’s the only sole surviving wealthy Democrat, so naturally when a wealthy Democrat asks me to do anything I have to do it, see?
Well, Mr. Young, he’s the head of the Young Plan, you know. He’s the originator of the Young Financial European Plan. He’s the head of Young Men’s Temperance Union, and originator of Young’s Markets, and Young Kippur. And was the first Democratic child born of white parents in Youngstown, Ohio.
He started the Young Plan in Europe. That was that every nation pay just according to what they could afford to pay, see? And, well, somebody else come along with an older plan than Young’s plan, and it was that nobody don’t pay anybody anything, and course that’s the oldest plan there is. And that’s the one they’re working under now. That’s why we ain’t getting anything from Europe.
So when Mr. Young asked me to appear why I said, “Well, I’m kind of particular. Who is gonna be the other speaker? Who else is on the bill with me?”
And he said, “Well, how would Mr. Hoover do?”
Well, I slightly heard of him, you know, and I said, “Well, I’ll think it over.”
So I looked into Mr. Hoover’s record and inquired of everybody, and after I had kind of thrown out about two-thirds of what the Democrats said about him why I figured that I wouldn’t have much to lose by appearing with Mr. Hoover, so I’m here this evening appearing on the bill with Mr. Hoover. So now I expect you won’t hear any more of Amos and Andy it’ll just be Hoover and Rogers from now on.
Now we read in the papers every day, and they get us all excited over one or a dozen different problems that’s supposed to be before this country. There’s not really but one problem before the whole country at this time. It’s not the balancing of Mr. Mellon’s budget. That’s his worry. That ain’t ours. And it’s not the League of Nations that we read so much about. It’s not the silver question. The only problem that confronts this country today is at least 7,000,000 people are out of work. That’s our only problem. There is no other one before us at all. It’s to see that every man that wants to is able to work, is allowed to find a place to go to work, and also to arrange some way of getting a more equal distribution of the wealth in country.
Now it’s Prohibition, we hear a lot about that. Well, that’s nothing to compare to your neighbor’s children that are hungry. It’s food, it ain’t drink that we’re worried about today. Here a few years ago we was so afraid that the poor people was liable to take a drink that now we’ve fixed it so they can’t even get something to eat.
So here we are in a country with more wheat and more corn and more money in the bank, more cotton, more everything in the world—there’s not a product that you can name that we haven’t got more of it than any other country ever had on the face of the earth—and yet we’ve got people starving. We’ll hold the distinction of being the only nation in the history of the world that ever went to the poor house in an automobile. The potter’s fields are lined with granaries full of grain. Now if there ain’t something cockeyed in an arrangement like that then this microphone here in front of me is—well, it’s a cuspidor, that’s all.
Now I think that they’ll arrange it—I think some of our big men will perhaps get some way of fixing a different distribution of things. If they don’t they are certainly not big men and won’t be with us long, that’s one thing. Now I say, and have always claimed, that things would pick up in ’32. Thirty-two, why ’32? Well, because ’32 is an election year, see, and the Republicans always see that everything looks good on election year, see? They give us three good years and one bad one—no, three bad ones and one good one. I like to got it wrong. That’s the Democrats does the other. They give us three bad years and one good one, but the good one always comes on the year that the voting is, see? Now if they was running this year why they would be all right. But they are one year late. Everything will pick up next year and be fine.
These people that you’re asked to aid, why they’re not asking for charity, they are naturally asking for a job, but if you can’t give ‘em a job why the next best thing you can do is see that they have food and the necessities of life. You know, there’s not a one of us who has anything that these people that are without it now haven’t contributed to what we’ve got. I don’t suppose there’s the most unemployed or the hungriest man in America has contributed in one way to the wealth of every millionaire in America. It wasn’t the working class that brought this condition on at all. It was the big boys themselves who thought that this financial drunk we were going through was going to last forever. They over—merged and over—capitalized, and over—everything else. That’s the fix we’re in now.
Now I think that every town and every city will raise this money. In fact, they can’t afford not to. They’ve got the money because there’s as much money in the country as there ever was. Only fewer people have it, but it’s there. And I think the towns will all raise it because I’ve been on a good many charity affairs allover the country and I have yet to see a town or a city ever fail to raise the money when they knew the need was there, and they saw the necessity. Every one ‘em will come through.
Europe don’t like us and they think we’re arrogant, and bad manners, and have a million faults, but every one of ’em, well, they give us credit for being liberal.
Doggone it, people are liberal. Americans—I don’t know about America being fundamentally sound and all that after-dinner hooey, but I do know that America is fundamentally liberal. Now I want to thank Mr. Gifford, the head of this unemployment, thank Mr. Young, and I certainly want to thank Mr. Hoover for the privilege of being allowed to appear on the same program with him because I know that this subject is very dear to Mr. Hoover’s heart and know that he’d rather see the problem of unemployment solved than he would to see all the other problems he has before him combined. And if every town and every city will get out and raise their quota, what they need for this winter, why it’ll make him a very happy man, and happiness hasn’t been a steady diet with our president. He’s had a very tough, uphill fight, and this will make him feel very good. He’s a very human man. I thank you. Good night.
- Will Rogers, President’s Organization on Unemployment Relief radio broadcast. October 18, 1931
I find myself becoming increasingly disenchanted with the blogosphere. It’s not that there isn’t a ton of great information and discussion out there. It’s not that I don’t think it’s valuable, quite the opposite. However, so much of what you read is just, well, petty pearl clutching.
It’s sort of a packaged “daily dose of outrage” (or more accurately, depending on how many RSS feeds you follow, a by-the-minute dose of outrage).
It’s not that there isn’t actually truth in what is written, though again it is often pumped up, however I’m not sure it does anyone much good to read this stuff. Sure, when someone has a long well thought out opinion on some topic of importance that is one thing, but so much of what we see is essentially, “X said something stupid,” “Y did something stupid,” and “Z did something stupid”.
Of course each of these raise our pulse rate and convince us the people on the “other side” are evil, but I don’t think it really does much to raise the level of conversation, educate, or ultimately move toward solutions. In fact it rather divides us.
Worse, I’d think it’s really what Aldous Huxley was concerned about – distractions from anything real.
I say this in part because I also read conservative blogs now and then and it’s funny, if you just substitute liberal names with conservative names and vice-versa, it’s pretty much the same crap. This is particularly true lately as we see conservatives attack Obama for what liberals attacked Bush for (and conservatives defended Bush against) and liberals support Obama for what liberals attacked Bush for. It’s only an outrage when it’s not your “team”.
This helps no one and is ultimately, well, comical (in the “it’s so sad you have to laugh”, kind of way).
I don’t know I’m paranoid enough to believe that this is exactly what the powers that be want – us ruminating on petty disagreements and tribal alliances, but it sure works to their benefit and not ours.
And if that all doesn’t get you outraged, well just remember every outrage pumps you up and makes you miserable. Sure, it’s an emotional high (and probably a sign of our “addictive” American psyche), but it sure does make the world a bad place to live.
I left off an important detail – I am most definitely part of the problem, or at least have been. There is plenty to be found in this blog that in my mind constitutes a “daily dose of outrage”. Sad but true.
On June 25th in Shelby County v. Holder the Supreme Court essentially gutted the Voting Rights Act of 1965 (VRA). While I unfortunately do not have the time to go to great detail here, the court’s majority opinion rests on the presumption that the VRA violates multiple constitutional precepts, which (as with all such decisions) it goes at great lengths to outline.
The problem is, all of those constitutional precepts are based on the Constitution as it existed pre-Civil War. The decision entirely ignores two small but remarkably consequential details, namely the 14th and 15th amendments.
Those amendments say (14th):
No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States … Congress shall have power to enforce, by appropriate legislation, the provisions of this article.
The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous condition of servitude … Congress shall have power to enforce this article by appropriate legislation.
The emphasis being on “Congress shall have power to enforce this article by appropriate legislation“.
In short, if Congress feels that it needs to legislate to achieve the aims of these amendments it has unbridled freedom to do so. It doesn’t matter how convoluted, antiquated, or silly it might seem to the SCOTUS (and the VRA is anything but silly), Congress has the right to do so.
In order for these amendments to become law, all of the states had to ratify the amendments. That means the states agreed to grant these powers to the Federal government. Moreover since these amendments come after the main body of the Constitution, they supersede any prior language. They are in effect, “the Constitution”.
It is not complicated. The SCOTUS has no place here. In deciding to side against the VRA, they have not nullified a congressional act, they have nullified the Constitution itself. The only way to take this power away justifiably from Congress, would be a constitutional amendment itself. This is a vast overstep on the part of the SCOTUS and hard to not see as simply partisan.
Really, the AP just figured this out???:
Welcome to the party.
“Separate an individual from society, and give him an island or a continent to possess, and he cannot acquire personal property. He cannot be rich. So inseparably are the means connected with the end, in all cases, that where the former do not exist the latter cannot be obtained. All accumulation, therefore, of personal property, beyond what a man’s own hands produce, is derived to him by living in society; and he owes on every principle of justice, of gratitude, and of civilization, a part of that accumulation back again to society from whence the whole came.
This is putting the matter on a general principle, and perhaps it is best to do so; for if we examine the case minutely it will be found that the accumulation of personal property is, in many instances, the effect of paying too little for the labor that produced it; the consequence of which is that the working hand perishes in old age, and the employer abounds in affluence.
It is, perhaps, impossible to proportion exactly the price of labor to the profits it produces; and it will also be said, as an apology for the injustice, that were a workman to receive an increase of wages daily he would not save it against old age, nor be much better for it in the interim. Make, then, society the treasurer to guard it for him in a common fund; for it is no reason that, because he might not make a good use of it for himself, another should take it.”
- Thomas Paine
PS: See also “Benjamin Franklin, Communist“
If we droned Mohammad Nour’s ass while he was standing next to McCain do you think maybe then we would care about “collateral damage” (and don’t even mention “due process”)?
This also shows the unholy mess we are injecting ourselves in if we take sides here. What the heck is the non-Executive branch Senator doing there anyway?
Only in our Bizarro-World of high finance could this from the AP possibly make sense:
The stock market rose Thursday after a pair of lackluster economic reports raised expectations that the Federal Reserve will continue to boost the economy with its stimulus program.
Ok, as they quote:
“The big worry that’s been hitting the market lately, that the Fed might step back prematurely, might be fading a little today on the idea that the economy does need a bit more support”
but still, the point is the economy sucks #$%^ and the market goes up! Black is white, white is black, and cats and dogs are sleeping together. Oh and “free markets” my a$$.
Honestly most of the time I don’t think they have a clue why things went up and down and just make shit up that sounds plausible.
Yes, I know my language sucks today.
Here’s a snippet of a recent memo from a large hospital regarding the planned termination of their pension plan in favor of a 401(x) plan:
Very simply, the primary reason we are making these changes is because BLAH can no longer afford to offer the legacy retirement programs we currently provide our employees. Though our finances are stable right now, we can no longer afford the market ups and downs related to our $BLAH million BLAH BLAH Plan obligation. Despite timely and sophisticated efforts to manage funded status, cash contribution and expense issues during the past decade, external economic factors – such as low interest rate environment – continue to dampen the positive impact these actions could have on the BLAH BLAH Plan’s financial state and volatile plan costs.
So I guess my question is, if despite being able to use “sophisticated" efforts” (which I assume means well trained professional fund managers) they can’t adequately fund your retirement, how is it that you, a layman are going to do better?
I am not trying to pick on the Hospital in question here, but the point remains, what are we as retirement “consumers” being sold here with this nationwide march to 401 plans?
It would strike me that if professionals can’t find a way to profitably aggregate the investments of thousands of employees, how are isolated individuals making uninformed decisions going to adequately fund their own retirements?
It’s true, 401 participants can choose from a wide range of funds (depending on what their employer has opted for), but if somehow that is magically better, why couldn’t pensions invest in the same funds and cut out the middle-man?
The obvious answer is these 401 plans aren’t going to sufficiently fund the individuals’ retirements, just the difference is that the burden of that failure is going to fall squarely on the individual. This is particularly true if you consider that many 401 funds have high management costs and at time of retirement far more retirees are likely to be badly hedged against market downturns than pensions run by sophisticated managers. That is, again, if the big guys have a hard time of making a pension work in a downturn, how in God’s name are you going to?
The larger answer is of course the retirement system is broken and essentially we are quietly kicking the can down the road when we are likely to find most retirees are at least as unprepared for retirement as the pensions they are being kicked out of. Unlike pension plans, however, there will be no corporate profits or government bailouts to make up the difference. Cat food will be the meal du jour.
Which brings us to the final point – were pensions ever financially sustainable? If the answer is “no”, then we have our answer (but still no answer for future retirees). If the answer is “yes”, then what changed? Where has the money gone?
I mean, certainly it seemed to work out for a lot of our parents.
I have a theory on where that money went, just follow the sucking sound as the money flows to the top 1%…
“It comes from a very ancient democracy, you see….”
“You mean, it comes from a world of lizards?”
“No,” said Ford, who by this time was a little more rational and coherent than he had been, having finally had the coffee forced down him, “nothing so simple. Nothing anything like so straightforward. On its world, the people are people. The leaders are lizards. The people hate the lizards and the lizards rule the people.”
“Odd,” said Arthur, “I thought you said it was a democracy.”
“I did,” said Ford. “It is.”
“So,” said Arthur, hoping he wasn’t sounding ridiculously obtuse, “why don’t the people get rid of the lizards?”
“It honestly doesn’t occur to them,” said Ford. “They’ve all got the vote, so they all pretty much assume that the government they’ve voted in more or less approximates to the government they want.”
“You mean they actually vote for the lizards?”
“Oh yes,” said Ford with a shrug, “of course.”
“But,” said Arthur, going for the big one again, “why?”
“Because if they didn’t vote for a lizard,” said Ford, “the wrong lizard might get in.”
- Douglas Adams, “So Long, And Thanks For All The Fish“
Not saying Chavez was a cuddly guy but I will point out that despite unending news reports saying how he destroyed the country, he had:
“approval ratings at the time of his death at around 60 percent”
Whereas one might note:
“President Obama’s approval rating had fallen to 46% for the Friday-through-Sunday tracking period, which is down from 53% a week earlier”
“President Bush will leave office as one of the most unpopular departing presidents in history, according to a new CBS News/New York Times poll showing Mr. Bush’s final approval rating at 22 percent.”
Clearly Venezuelans need to be educated on just how bad off they were.