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Economic Truths of 2012

In our day these economic truths have become accepted as self-evident:

The right to a useful and remunerative job in the industries or shops or farms, mines, or industry of the nation;

The right to earn enough to provide adequate food and clothing and recreation;

The right of every farmer to raise and sell his products at a return, which will give him and his family a decent living;

The right of every businessman, large or small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;

The right of every family to a decent home;

The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;

The right to a good education.

All of these rights spell security. Unless there is security here at home there cannot be lasting peace in the world.

If we accept these "truths" as self-evident and "obvious," we need to invest NOW in America. 

Oh! by the bye! these are not part of the Tea Party or Republican plan for America. Sadly, but truthfully, they remain "the party of no!" In fact, this posting is taken from a speech given by FDR January 11, 1944. It seems as though he got it right and so does Obama. Invest in America NOW!

CowDung

12:59 pm on Friday, August 10, 2012

Nick:

Which is "the party of no" when it comes to education reforms? Which party prefers to dump more and more money into the black hole of our failing public school system rather than making some actual changes to our educational system?

Sadly, getting everyone a good education is not part of the Democratic plan for America. Sadly, but truthfully, they remain "the party of no!"...

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Johnny Blade

1:16 pm on Friday, August 10, 2012

I WILL NOT give up my freedoms for your BS false sense of security

FDR=Communist Hack

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jeff gerardo

1:38 pm on Friday, August 10, 2012

Up until Barack Hussein Obama, FDR was the biggest disaster of a president. Hey Nicky boy, you forgot how FDR locked up Japanese Americans in the internment camps, how he confiscated American citizen private property(gold coins), and let's not forget how this no talent ass clown of a President goaded the Japanese to attack us first.

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Lyle Ruble

5:51 pm on Friday, August 10, 2012

@Johnny Blade...LMAO! You obviously don't have a clue about other human beings. As far as FDR being a communist hack; it was him that effectively cut the legs out from under the communists that were gaining ground during the Great Depression. Read some history my friend, it might be quite revealing. They do have audio books now so you could listen rather than attempt to decipher the written word.

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Lyle Ruble

5:55 pm on Friday, August 10, 2012

@jeff gerardo...I agree that the Japanese internment camps were a sad day in our history. However, history has proven that FDR did not goad the Japanese into attacking us. We were restricting oil to fuel their war against China. Using your logic; since we are restricting trade with Iran, are they justified in attacking us?

Johnny Blade

1:20 pm on Friday, August 10, 2012

How about this .. The right to throw of the shackles of our Bankster masters .. but both the RNC ..Republican National Criminals and The Democratic National Criminals won't allow it ... Also the right to NOT have our currency devalued but the whims of our bankster masters .. No Inflation, sound money .. not your BS half azzed commie manifesto

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jeff gerardo

1:36 pm on Friday, August 10, 2012

The right of every family to a decent home? Right? This is now a right? Okay comrade Poulos

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Lyle Ruble

5:56 pm on Friday, August 10, 2012

@jeff gerardo....Google Abraham Maslow and his Hierarchy of Needs and learn something.

Greg

1:43 pm on Friday, August 10, 2012

These are part of the Tea Party or Republican plan for America. I want everyone to have these rights(?). But no place does it say that all of these things are free. One may actually have to put effort into achiving these goals.
"Each and every one of us has a solemn obligation under God to serve this Nation in its most critical hour—to keep this Nation great -- to make this Nation greater in a better world."

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Lyle Ruble

5:59 pm on Friday, August 10, 2012

@Greg..."a solemn obligation under G-d to serve this Nation", you've got to be kidding. You would support this nation even if it was wrong, destructive and evil? "My nation, right or wrong'?

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jbw

6:09 pm on Friday, August 10, 2012

Uh, I think "serve this Nation" in this context was meant as a call to civic service. You know, work to better yourself, get a job and pay your taxes, maybe help out around the neighborhood. It's never evil to do your best to help make the place you live a better place.

I think you have confused serving society with serving a particular governmental authority. Certainly you can disagree with a political regime and still do what you feel will best serve the nation?

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Greg

11:46 pm on Saturday, August 11, 2012

Lyle (you fish), that was the last line of the same speech that Poulos quoted.

GearHead

1:47 pm on Friday, August 10, 2012

We also have the right to toss out a President who assaults the Constitution daily, thus eroding our actual "rights." But I'm thinking even FDR would blanch at BHO's attack of the private sector. Government now owns auto companies, and is taking dead aim at the health industry, coal, natural gas, and the list goes on. This does not bode well for "decent homes" and in fact conjers images of third world squalor.

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Lyle Ruble

6:00 pm on Friday, August 10, 2012

@GearHead...Your description of things to come sounds exciting.

James R Hoffa

1:52 pm on Friday, August 10, 2012

Ah yes, FDR's self-declared Second Bill of Rights.

The only problem with it is that "something given has no value!" America is all about making your own way, earning that which you receive - that's the social justice that we embrace.

Under FDR's utopia, it would eventually lead to the collapse of our nation or revolt by the providers against the takers.

I sincerely hope that you don't use your teaching position at a public university to attempt to indoctrinate our youth with your personally preferred political/socioeconomic ideology!

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Lyle Ruble

6:02 pm on Friday, August 10, 2012

@JRH...Why not, he has the right to teach whatever he wants. It is the students responsibility to choose the truth and reject falsehood. Give the students more credit, they are your future too.

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Lyle Ruble

6:04 pm on Friday, August 10, 2012

@tom munson....You have the right to keep your money as long as you pay your fair share.

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James R Hoffa

11:33 pm on Saturday, August 11, 2012

@Lyle -

Do I really have to explain why that would be wrong on so many levels?

tom munson

1:54 pm on Friday, August 10, 2012

We also have the right to keep our own money. Money that we earned by busting our butts. Money that we earned despite the Democrat Party and in spite of Socialist Obama AKA the "Failure in Chief."

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Steve ®

2:14 pm on Friday, August 10, 2012

Define living wage please.

If I pay you $50,000/yr but you want $120/mo cell phone bill, $100 TV bill, $80 internet bill, $10 netflix, $400 car pmt, $50/week bar bill, $15 XM radio, $400/mo toy fund... should I feel bad and pay you more so you can have a "living" wage?

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Lyle Ruble

6:06 pm on Friday, August 10, 2012

@Steve...Wow, what a red herring. Just because you pay someones wages, that's where your power ends. Work for wages, then the employee has free will and choice.

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CowDung

1:42 pm on Saturday, August 11, 2012

I think that you missed his point, Lyle. What one considers a 'living wage' may be considered to be totally inadequate as a 'living wage' to another. The line between 'luxuries' and 'necessities' (or 'needs' and 'wants') has been blurred in recent years. How are we defining what paying a 'living wage' actually means?

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Steve ®

9:52 pm on Saturday, August 11, 2012

Lyle you completely missed the point, again but I am not surprised. Notice most of those monthly payments above we did not have 15 years ago. But all I hear you socialist liberals cry about is the middle class is shrinking.

But we need more middle class spending because that is the only way to increase this Obama economy.

Well every middle class Joe has all of the above, which takes spending money, so why cry when they don't have "enough" money or a living wage?

pupdog1

5:22 pm on Friday, August 10, 2012

"The problem with socialism is that eventually you run out of somebody else's money."

--Margaret Thatcher

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Lyle Ruble

6:14 pm on Friday, August 10, 2012

"If you have money for drink and merriment, then you have money to pay more taxes."

- Prince John

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James R Hoffa

2:15 pm on Saturday, August 11, 2012

@Lyle -

So no one should be able to afford luxuries?

If we have money for luxuries, that money should be going to the government instead?

OK comrade Ruble!

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Steve ®

9:55 pm on Saturday, August 11, 2012

Was he really a prince? So you are quoting a monarch?
Unless you pay yourself your income is already taxed before you receive it.

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Lyle Ruble

10:16 pm on Saturday, August 11, 2012

@Steve.....Yes it is Prince John who became king of England upon Richard the Lionheart's death.

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Lyle Ruble

10:34 pm on Saturday, August 11, 2012

@JRH...I don't care what people spend THEIR money on. Most people have very little left after living expenses. Supporting a family is expensive between food, clothing, shelter, transportation, healthcare and education expenses. After all that outlay, for most, luxuries are few and far between. I remember that at one time $50K a year, before taxes, could support a comfortable middle class life for a family, but that was maybe two or three decades ago.

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James R Hoffa

11:31 pm on Saturday, August 11, 2012

@Lyle -

But you say that if you have money to afford luxuries, then you should be paying more in taxes, right? So if you carried this concept out to it's natural conclusion, any money that one has above and beyond meeting their necessities should all be going to the government, right?

Or is the quote not representative of your personal position on the issue?

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Steve ®

2:52 am on Sunday, August 12, 2012

hahahahahahha . You really quoted a monarch about taxes?!?!! You educate for a living right now correct?

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Steve ®

2:55 am on Sunday, August 12, 2012

►between food, clothing, shelter, transportation, healthcare and education expenses.◄

You contentedly left out my examples from above.

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Lyle Ruble

10:24 am on Sunday, August 12, 2012

@Steve & JRH...My quote about Prince John was really tongue and cheek in response to the Margaret Thatcher quote. If one remembers the conditions that John encountered was a kingdom that had been broken financially to ransom Richard. He continually taxed the aristocracy to the point where they were in open rebellion and it finally led to the signing of the Magna Carta restricting the rights of a monarch. Just as pupdog1's quote is irrelevant to the argument, my quote is irrelevant to the argument. What is relevant is the perspective of what constitutes needs and wants. I maintain that as an employer, you have absolutely no right to judge what an employee does with their wages. If personal habits interfere with an employee's ability to perform their assigned tasks, then the employer can judge based on job performance. Proponents of free choice should understand that not only should the government be limited so should employers be limited on restricting free choice.

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James R Hoffa

12:37 pm on Sunday, August 12, 2012

@Lyle -

So who exactly is arguing that an employer should have the "right to judge what an employee does with their wages?"

I believe that the point is that the government should not be providing social safety net assistance to those who purchase luxuries such as cell phones, cable/satellite tv, bling, fancy shoes, etc. If they have money to spend on that crap, then why do they need government assistance?

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Lyle Ruble

1:39 pm on Sunday, August 12, 2012

@JRH...Referencing Steve, 2:14 PM, Friday, August 10, 2010 - "Define living wage please.

If I pay you $50,000/yr but you want $120/mo cell phone bill, $100 TV bill, $80 internet bill, $10 netflix, $400 car pmt, $50/week bar bill, $15 XM radio, $400/mo toy fund... should I feel bad and pay you more so you can have a "living" wage?"

Steve is not talking about those on public assistance, but actual working people, who pay taxes and go to work everyday. He's placing himself as judge and jury; and, in my opinion is stepping beyond the bounds of an employer. It reminds me of Dicken's "A Christmas Carol".

Another thing is that a living wage has to increase to keep up with inflationary rise. I'm sure Steve and others raise the price of their goods and services from time to time to account for increased business costs. Why should the rising cost of labor be excluded from the business costs? You be the judge.

jbw

6:01 pm on Friday, August 10, 2012

I don't see the logic in this. The declaration seems to amount to saying "we are all entitled to everything we need to live comfortably". What does that have to do with "investing", then?

Certainly everyone would like to live a comfortable life, but declaring your desires as your "rights" doesn't automatically fulfill them. And just giving away money to people so they can feel they've received the comfortable home, food, and recreation they deserve isn't going to be economically sustainable in the slightest way. Investment is the opposite of consumption - something that our worthless "consumer" society has long forgotten.

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Lyle Ruble

10:38 pm on Saturday, August 11, 2012

@jbw...Please define comfortable. After living expense you have to have something left to invest.

Bren

6:06 pm on Friday, August 10, 2012

I think FDR hit it right on the head. He is referring to a free market to give every business owner a fighting chance, in an employee-friendly environment. Aid for those who cannot work. Every American has a stake and a responsibility toward maintaining these standards. These goals/ideals are why we have endured and why the USSR and Nazi Germany failed. Communist China's star is rising because some of us no longer espouse these ideals.

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Steve ®

10:01 pm on Saturday, August 11, 2012

So why does Obama give billions to certain energy companies and not others? Why does he require that work must be completed by a minority contractor and that all employees on the project must be a resident of the local community? Why does he give money to invest in GM and not Ford? Why do certain political donors receive frequent visits from the IRS, OSHA, and the EPA?

Why are you not writing about how evil Obama is picking winners and looser with your money. This seems like something you really are into. You should find an organization backing Obama and type over and over about how they are evil and destroying America. How they have taken over the presidency and our country. Where is all of this?

Jay Sykes

8:52 pm on Friday, August 10, 2012

I've read what Nick posted, and it leads me to ask: Is anyone familiar with Wickard v. Filburn? The series of events that preceded it? All of the subsequent CC decisions?

.

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Nick Poulos

8:59 pm on Friday, August 10, 2012

@Jay; here's a link to this infamous case: http://en.wikipedia.org/wiki/Wickard_v._Filburn ; today we have Monsanto, DuPont, and Bayer Crop Protection- seed licensing and Monsanto's "seed police". funny world we live in, isn't it?

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James R Hoffa

1:10 am on Sunday, August 12, 2012

@Nick -

This is the USA - United States of America.

Not the USSSA - Union of Soviet Socialist States of America.

Bob McBride

1:24 pm on Sunday, August 12, 2012

The only thing missing is a good old fashioned world war where we ration stuff and encourage frugality and savings, ramp up the military industrial complex to provide full employment and bring all our economic competitors to their knees. Then you've got a plan there, Nick.

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James R Hoffa

2:45 pm on Sunday, August 12, 2012

http://www.youtube.com/watch?v=rTZEmqDawg0

This guy demands food stamps. And yet, he apparently has money for headphones, some type of music device, a video camera, a computer, internet access, etc.

How could he have money for all that crap and not have money for food? I'm really confused. Could some of the social Democrats assist in explaining to Hoffa why this guy has a point and what that point is exactly?

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Greg

3:02 pm on Monday, August 13, 2012

I would like to quote a famous President also:
“I am for doing good to the poor, but...I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed...that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”

― Benjamin Franklin

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Lyle Ruble

3:06 pm on Monday, August 13, 2012

@Greg....Sorry Greg, but Benjamin Franklin never was president.

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Andrew Ruble

4:16 pm on Wednesday, August 15, 2012

@ Lyle, but Max Weber used Franklin heavily as a justification for economic success.

"Remember that time is money... that credit is money... that money is of the generating prolific nature... The good paymaster is lord of another man's purse" Max Weber quoting Franklin in The Protestant Ethic.

Franklin's view is one of lifting yourself up by your own britches. He wasn't a president, but we cannot refute his success. I am not saying that he was right but I think it is a good addition to Greg's quote.

Franklin in many ways represents our view of economics today. My personal problem is that we only teach one way of learning economic success. there are multiple ways of being economically successful. For example, larger governments require higher taxes, whereas smaller governments means tax cuts. This is an example taught in economics now, but many people do not even understand socialism. We have successful socialist programs even now. Take for example our firefighters. At one point in time firefighters would only put out fires for people if they had bought their services. If you did not have a plaque on your building, then they would arrive to watch it burn. Making firefighters a socialist program is to our benefit but we do not teach that to be the case in economics classes.

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