Monday, February 21, 2011

Marriner S. Eccles: A man of great courage and vision during the Depression

"Without going into any detail or figures, it is recognized by everyone that our most urgent and acute problem today is to immediately provide adequate relief to the millions of our people who are destitute and unemployed in every corner of our nation. It is a national disgrace that such sufferinng should be permitted in this, the wealthiest country in the world. The present condition is not the fault of the unemployed, but that of our business, financial and political leadership. It is incomprehensible that the people of this country should very much longer stupidly continue to suffer the wastes, the bread lines, the suicides, and the despair and be forced to die, steal, or accept a miserable pittance in the form of charity which they resent, and properly resent. We shall either adopt a plan which will meet this situation under capitalism, or a plan will be adopted for us which will operate without capitalism." -Marriner S. Eccles 1933

Sad that we don't have courageous people like this today.


googleheim said...

If anyone remembers, I predicted IN THIS BLOG the anti-semitism rise in Greece due to the austerity of the Austrian schools of the ECB.

Thank you Mr Norman for having this blog to follow.

I wish I could have done more than point out what is now real :,0,1264749.story

Bob said...

Write your congress and senate elected officicals, debate the misinformation radio talk shows as I did yesterday and I took great pleasure in trashing the Fox Fair and Balanced Conservative talk show host Laura in in Houston. All she could say was I have an agenda, when it comes to my opinion of the competency of the Wisconsin Governor Walker. I wish I had seen the following before I called up the station.

The Huffington Post's Amanda Terkel reports:

While there has been significant attention devoted to the fact that Walker's 144-page budget repair bill would strip away collective bargaining rights for public employees, the site "Rortybomb" points out a less noticed provision that would allow the state to sell or contract out any state-owned energy asset in no-bid deals with private corporations. From the legislation (emphasis added):

16.896 Sale or contractual operation of state−owned heating, cooling, and power plants. (1) Notwithstanding ss. 13.48 (14) (am) and 16.705 (1), the department may sell any state−owned heating, cooling, and power plant or may contract with a private entity for the operation of any such plant, with or without solicitation of bids, for any amount that the department determines to be in the best interest of the state. Notwithstanding ss. 196.49 and 196.80, no approval or certification of the public service commission is necessary for a public utility to purchase, or contract for the operation of, such a plant, and any such purchase is considered to be in the public interest and to comply with the criteria for certification of a project under s. 196.49 (3) (b).

It's unclear what "the best interest of the state" is.

But if this deal goes through, one of the companies that could stand to benefit significantly is Koch Industries. Koch already has several companies in the state, including a coal subsidiary, timber plants and a large network of pipelines.

During the 2010 election cycle, Walker received $43,000 from the Koch Industries PAC, his second-largest contribution. The PAC also gave significantly to the Republican Governors Association, which in turn helped out Walker considerably in his race. Koch also contributed $6,500 to support 16 Republican legislative candidates in the state.

Digger said...

Thanks for posting this. Too bad we can't clone him to replace the current Fed head clown. Here is link to his entire 1933 Senate testimony before he became Fed chairman.
Hat tip to Randy Cook, President of the National Organization for Raw Materials for that link.

Here is link to Koch products to boycott:

On a similar note if you are using ATT or Verizon you are giving the fascist hyenas money to use against us. Try Credo Mobile instead.

Mario said...

hey I see you and Warren and many others as courageous in what you do.

Keep going Mike!!! I'm on my own front lines as well spreading the word through facebook.

Thanks again and keep it up.