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View Diary: It’s the New Deal! For Banks! (12 comments)

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  •  Forgotten Man (3+ / 0-)

    "What we must do is this: To revise our tariff on the basis of a reciprocal exchange of goods, allowing other nations to buy and to pay for our goods by sending us such of their goods as will not seriously throw any of our industries out of balance, and, incidentally, making impossible in this county the continuance of pure monopolies which cause us to pay excessive prices for many of the necessities of life.

    Such objectives as these three—restoring farmers' buying power, relief to the small banks and homeowners and a reconstructed tariff policy—these are only a part of ten or dozen vital factors.

    But they seem to be beyond the concern of a National Administration which can think in terms only of the top of the social and economic structure. They have sought temporary relief from the top down rather than permanent relief from the bottom up. They have totally failed to plan ahead in a comprehensive way. They have waited until something has cracked and then at the last moment have sought to prevent total collapse.

    It is high time to get back to fundamentals. It is high time to admit with courage that we are in the midst of an emergency at least equal to that of war. Let us mobilize to meet it."


    •  Sweet... (0+ / 0-)

      I wish this theme got more play than what I read in a few blogs. Unfortunately, the pro-business climate in the US really has a stranglehold on the MSM, and I hardly say this lightly.

      I watch a lot of news, and other than 1 or 2 commentators, I see little but Wall Street apologists - amid a few cheerleaders.

      What has a "political realist" done for you lately?

      by papicek on Sun Jun 20, 2010 at 10:30:15 AM PDT

      [ Parent ]

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