Quote of the Day: Theodore Roosevelt- the 26th President of the United States of America (1901–1909)

“We stand equally against government by a plutocracy and government by a mob. There is something to be said for government by a great aristocracy which has furnished leaders to the nation in peace and war for generations; even a democrat like myself must admit this. But there is absolutely nothing to be said for government by a plutocracy, for government by men very powerful in certain lines and gifted with “the money touch,” but with ideals which in their essence are merely those of so many glorified pawnbrokers.”

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Quote of the Day – Matt Taibbi, journalist and author

“We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country – and still have had enough money left over to buy a new house for every American who does not already have one.”
― Matt Taibbi, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

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Quote of the Day – Bill Moyers, journalist

“America’s corporate and political elites now form a regime of their own and they’re privatizing democracy. All the benefits – the tax cuts, policies and rewards flow in one direction: up.” – Bill Moyers

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Quote of the Day: James Garfield, The 20th President of the United States.

“Whoever controls the volume of money in any country is absolute master of all industry and commerce”

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Some Facts to Think About Today

Here are some facts from Jeffrey Sach’s book

    The Price of Civilization

. Worth thinking about:

Corporate profits in 2010 were at an all-time high.
CEO salaries in 2010 rebounded strongly from the financial crisis.
Wall Street compensation in 2010 was at an all-time high.
Several Wall Street firms paid civil penalties for financial abuses, but no senior banker faced any criminal charges.
There were no adverse regulatory measures that would lead to a loss of profits in finance, health care, military supplies, and energy.

. . . if the glove fits . . .

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Quote of the Day – Amos Bronson Alcott, American teacher, writer, philosopher, and reformer (1799 – 1888)

“A government, for protecting business only, is but a carcass, and soon falls by its own corruption and decay” – Amos Bronson Alcott, American teacher, writer, philosopher, and reformer (1799 – 1888)

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Quote of the Day – Andrew Jackson, the 7th President of the United States (1829-1837)

“The bold efforts the present bank has made to control the government . . . are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it.” – Andrew Jackson

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