3/31/2008

Separated At Birth?



"There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse."

Ben Bernanke



"...the concentration of capital and the growth of their turnover is radically challenging the significance of the banks. Scattered capitalists are transformed into a single collective capitalist. When carrying the current accounts of a few capitalists, the banks, as it were, transact a purely technical and exclusively auxiliary operation. When, however, these operations grow to enormous dimensions we find that a handful of monopolists control all the operations, both commercial and industrial, of capitalist society. They can, by means of their banking connections"

Vladimir Ilyich Lenin

Thoughts From The Chair Man

"A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward."

Franklin D. Roosevelt


"Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."

Franklin D. Roosevelt

3/30/2008

Where's The Money Tree?



"...And it is under this oak where Evangeline waited for her lover, Gabriel, who never came. This oak is in an immortal spot, made so by Longfellow's poem, but Evangeline is not the only one who has waited here in disappointment.

Where are the schools that you have waited for your children to have, that have never come? Where are the roads and the highways that you send your money to build, that are no neared now than ever before? Where are the institutions to care for the sick and disabled? Evangeline wept bitter tears in her disappointment, but it lasted through only one lifetime. Your tears in this country, around this oak, have lasted for generations. Give us the chance to dry the eyes of those who still weap here!"


Huey Long