Depression Quotes - page 29
Madam President, in that year 1932, a writer for the Saturday Evening Post asked John Maynard Keynes, the great British economist, whether there had ever been anything like the Depression before. "Yes," he replied. "It was called the Dark Ages and it lasted four hundred years." This was calamity howling on a cosmic scale, but on at least one point the resemblance seemed valid. In each case the people were victims of forces that they could not understand. Mr. President, in that same year of 1932, there was born a child in Massachusetts, and his name was Edward Kennedy. In 1932, of course, I knew nothing about Edward Kennedy or Edward Kennedy's birth. But today I rise on this Senate floor to salute one of the outstanding Senators in the history of this great body. He is a man whose expertise, hard work, and courage have set a lofty example to which every fledgling Senator should aspire.
Ted Kennedy
In the fifteen years following the First World War, and especially in the immediate aftermath, the industrial nations exploited this new freedom in remarkably diverse fashion. The French followed the line of least resistance with, on the whole, the best results. The British followed the line of greatest wounds. The Germans so handled matters, or so yielded to circumstances, as to produce the greatest inflation of modern times. The United States, by a combination of mismanagement and non-management, produced the greatest depression. In all the long history of money, the decade of the 1920s-extended by a few years to the consequences-is perhaps the most instructive.
John Kenneth Galbraith
Consequently, when I got to Toronto, much to my chagrin, I really couldn't handle hanging out with the American draft dodgers. There was too much clinical depression. Too much suicide. Too much hardcore substance abuse. They were a traumatized lot, those boys. And I just felt frivolous.
William Gibson
Annie Besant's book where she put forward the idea that theosophical mystical energies could be portrayed as colours or abstract shapes was practically the invention of abstract art. A lot of artists rushed out and read it and suddenly thought, ‘oh God you could, you could portray love as a colour, or depression as a colour” All of a sudden abstract art happens, a flowering out of occultism.
Alan Moore
When I was a young man, growing up in New York City, I refused to pledge allegiance to the flag. Of course I was sent to the principal's office and he asked me: "Why don't you want to pledge allegiance? Everybody does." I said: "Everybody once believed the Earth was flat but, that doesn't make it so." I explained that America owed everything it has to other cultures and other nations, and that I would rather pledge allegiance to the Earth and everyone on it. Needless to say, it wasn't long before I left school entirely. I set up a lab in my bedroom. There, I began to learn about science and nature. I realized then that the universe is governed by laws, and that the human being, along with society itself, was not exempt from these laws. Then came the crash of 1929, which began with what we now call "The Great Depression." I found it difficult to understand why millions were out of work, homeless, starving, while all the factories were sitting there, the resources were unchanged.
Jacque Fresco
For me, growing up in the 1930s, the two motivations powerfully reinforced each other. The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters. The crisis triggered a fertile period of scientific ferment and revolution in economic theory.
James Tobin
Our government now routinely invades the privacy of its own citizens, then pulls the cloak of national security over its operations to hide its deceptions and blunders from public view. The economy has been trashed, inequality is now at levels not seen since the Great Depression, and at least 5 million more Americans live in poverty than did at the start of the Bush presidency. Many eminent historians and economists are concluding that George W. Bush has earned the distinction of being the "worst president ever." Where is the outrage? The U.S. corporate media and the Democrats complain politely, and then resume their deferential posture to enable the next disaster. The media, so helpful in launching the Iraq War by acting as a conveyor belt for Bush administration lies, has shifted targets and now passes along White House propaganda about Iran.
Amy Goodman
To illustrate the vain conceit that the universe must be somehow preordained for us, because we are so well suited to live in it, he mimed a wonderfully funny imitation of a puddle of water, fitting itself snugly into a depression in the ground, the depression uncannily being exactly the same shape as the puddle.
Douglas Adams
Franklin Roosevelt's New Deal has become a conservative force in American life. In saying this, I do not intent for a moment to dismiss the enduring significance of the social and political struggles of the Thirties. The old lassez-faire myths were decisively shattered, government recognized its duty to promote full employment, Social Security was accepted as a national principle, the mass-production workers created the CIO - and this is only the beginning of a list of accomplishments of those times. The welfare state which was begun then is manifestly imperfect and often unjust. Yet it took the United States a giant stride beyond the decade of Warren Harding, Calvin Coolidge, and Herbert Hoover. Still, the Rooseveltian program did not solve the central problem of the Depression: mass unemployment.
Michael Harrington
In 1800, a prosperous year, the total income of Americans (called ‘the national income') was something over 2 billion dollars, a fabulous amount then. Capitalists and landlords got 68%, farmers and laborers 32%. In 1930, of tragic memory, near the bottom of ‘the worst depression in history', the incomes of all Americans amounted to roughly to 75 billion. Of this wage earners (who had increased in number 17%) got 64%+; entrepreneurs, 20%; capitalists and landlords the remaining 16%.
Rose Wilder Lane
I don't think we have to do it by government spending. My view is I've never heard of a poor person spending himself into prosperity. The government doesn't create resources. The government redistributes them, and it redistributes them from workers and producers to people they get the resources based on some characteristic of the work effort. So what you really need to do is I think you need to incentivize producers, and what you need to go along, and my way of going would be Simpson-Bowles. Something to lower the tax rates, broaden the base, get rid of the loopholes. I mean really get a production base that officially starts, and that's the way you really get out of this depression. The way we did in the Eighties to be honest with you.
Arthur Laffer
Furthermore, the drain of a depression upon the reserves of business puts a disproportionate strain upon the modestly capitalized small enterprise. Without such small enterprises our competitive economic society would cease. Size begets monopoly. Moreover, in the aggregate these little businesses furnish the indispensable local basis for those nationwide markets which alone can ensure the success of our mass production industries. Today our smaller corporations are fighting not only for their own local well-being but for that fairly distributed national prosperity which makes large-scale enterprise possible. It seems only equitable, therefore, to adjust our tax system in accordance with economic capacity, advantage and fact. The smaller corporations should not carry burdens beyond their powers; the vast concentrations of capital should be ready to carry burdens commensurate with their powers and their advantages.
Franklin D. Roosevelt
Our mission is at once the oldest and the most basic of this country: to right wrong, to do justice, to serve man.
In our time we have come to live with moments of great crisis. Our lives have been marked with debate about great issues; issues of war and peace, issues of prosperity and depression. But rarely in any time does an issue lay bare the secret heart of America itself. Rarely are we met with a challenge, not to our growth or abundance, our welfare or our security, but rather to the values and the purposes and the meaning of our beloved Nation. The issue of equal rights for American Negroes is such an issue. And should we defeat every enemy, should we double our wealth and conquer the stars, and still be unequal to this issue, then we will have failed as a people and as a nation. For with a country as with a person, "What is a man profited, if he shall gain the whole world, and lose his own soul?".
Lyndon B. Johnson
