If employment is falling off, what is the lesson? The lesson is that our home trade, our domestic consumption, must have decreased in a larger proportion than our foreign trade has increased. (Hear, hear.) The competition from abroad has grown more and more severe, and, on the whole, taking our trade as a whole, it must have declined if the employment in trade has decreased. (Hear, hear.) Wages have been reduced. You have only to read the papers to see almost daily some trade or another has to submit to a reduction. That, then, is not a proof of boundless prosperity. It is a proof of comparative decline, and, in my judgment, the handwriting is on the wall, there to be read by every impartial man; and, though I contemplate no immediate catastrophe, I say the situation calls for preparation while there is still time to find a remedy. (Cheers.)
Joseph ChamberlainRelated topics
abroad almost catastrophe comparative competition consumption daily decline domestic employment falling find foreign handwriting home judgment lesson man off preparation proof proportion prosperity read reduction remedy say see situation taking time trade wages wall while papers cheersRelated quotes
We've shipped millions of jobs overseas and we have a strange situation because we have a process in Washington where after you've served for a while you cash in and become a foreign lobbyist, make $30,000 a month; then take a leave, work on Presidential campaigns, make sure you got good contacts, and then go back out. Now if you just want to get down to brass tacks, the first thing you ought to do is get all these folks who've got these one-way trade agreements that we've negotiated over the years and say, "Fellows, we'll take the same deal we gave you." And they'll gridlock right at that point because, for example, we've got international competitors who simply could not unload their cars off the ships if they had to comply -- you see, if it was a two-way street -- just couldn't do it. We have got to stop sending jobs overseas.
Ross Perot
It must always be borne in mind that each and every individual is not only a producer but a consumer. In the final analysis of our conditions, we have to admit that it is not lack of consumption, but lack of production which is our present economic danger. The immigrant is needed, provided this fact is overcome, provided supply-whether in schools, in homes, or in shoes-does not fall behind demand. The public could today consume much more of the necessities of food, shelter and clothing than they are able to procure or have ever been able to procure in a country where the standard of living is so high. If, through cheap labor, and an increased willingness on the part of alien labor to live on the edge of existence, these standards are threatened, then is the time to bring legislative action to bear on the situation.
Calvin Coolidge
For in spite of much greater public interest in all aspects of visual culture, including design and architecture, the challenge posed by contemporary art has not evaporated. We have only to recall the headlines for last year's Turner Prize. "Eminence without merit" (The Sunday Telegraph). "Tate trendies blow a raspberry" (Eastern Daily Press), and my favourite, "For 1,000 years art has been one of our great civilising forces. Today, pickled sheep and soiled bed threaten to make barbarians of us all" (The Daily Mail). Are these papers speaking the minds of their readers? I have no delusions. People may be attracted by the spectacle of new buildings, they may enjoy the social experience of visiting a museum, taking in the view, an espresso or glass of wine, purchasing a book or an artist designed t-shirt. Many are delighted to praise the museum, but remain deeply suspicious of the contents.
Nicholas Serota
It seems to me that it is these extremists who are advocating a soft approach. Their oversimplifications and their baseless generalizations reflect the softness of those who cannot bear to face the burdens of a continuing struggle against a powerful and resourceful enemy. A truly tough approach, in my judgment, is one which accepts the challenge of communism with the courage and determination to meet it with every instrumentality of foreign policy-political and economic as well as military, and with the willingness to see the struggle through as far into the future as may be necessary. Those who seek to meet the challenge-or, in reality, to evade it-by bold adventures abroad and witch hunts at home are the real devotees of softness-the softness of seeking escape from painful realities by resort to illusory panaceas.
J. William Fulbright
It was on account of past depression, and in spite of present more encouraging conditions, that I have assembled an Agricultural Conference made up of those who are representative of this great industry in both its operating and economic sides. Everyone knows that the great need of the farmers is markets. The country is not suffering on the side of production. Almost the entire difficulty is on the side of distribution. This reaches back, of course, to unit costs and diversification, and many allied subjects. It is exceedingly intricate, for our domestic and foreign trade, transportation and banking, and in fact our entire economic system, are closely related to it. In time for action at this session, I hope to report to the Congress such legislative remedies as the conference may recommend. An appropriation should be made to defray their necessary expenses.
Calvin Coolidge
