Joyanna Adams

Nobody's Opinion

Steve Forbes quotes FDR…

Nobody Reports

How can anyone not like Stephen Forbes? I remember feeling sorry for him when he ran for President, because, in this world of “who’s the prettiest” Steve was last in line. Still, I’m glad he did run, because I started paying attention to most everything he said afterwards. And here’s a small sample of why I like this man:steve Forbes

From Forbes Magazine: September 23. 2013

The Federal Reserve, with hardly a comment uttered, has openly made itself into the fourth branch of government, amassing immense powers. This must make the other branches, you know, the ones sanctioned by the Constitution drool with envy. By massively expanding its balance sheet, it has gone into the credit allocation business. Big Government and large businesses benefit from almost zero cost credit.  “It comes at the expense of small businesses where most of the entry level jobs are created. “

And then Steve sites a quote from FDR:

If you have a chance, go online and read an astonishing speech FDR gave in San Francisco before the Commwealth Club as a presidential candidate, just before the 1932 election. In it he declares.FDR

“Our Industrial plant is built….Our last frontier has long since been reached, and there is practically no more free land…to which those thrown out of work by the Eastern economic machines can go for a new start.” Big companies were more and more dominating the economic landscape. If present trends continue, Roosevelt warns, the time will come when “We shall have all American industry controlled by a dozen corporations, and run by perhaps an hundred men…The independent businessman is running a lost race.” Roosevelt concluded with words that would have the current White House occupant nodding in sympathy: “Our task now is not discovery or exploitation of natural resources…It is the soberer, less dramatic business of administering resources and plants already in hand…of distribution wealth and products more equitably, of adapting existing economic organizations to the service of the people.” Then the Killer: “The day of enlightened (i.e., government) administration has come. ” Indeed.

Nobody Thinks Obamacare was done at the request of big business, and that’s why the Rino’s want it to.Obama and big business

The good news? We still have Steve Forbes, a man who knows the rich, doing all he can to inform and educate us. All we need is more of them speaking out.

October 28, 2013 Posted by | capitalism, Uncategorized | , , | Leave a comment