Republicans & President Theodore Roosevelt

The Republican leaders really didn’t want Roosevelt as President. As a young Bull Moose Republican in politics, TR had angered top GOP honchos by refusing to appoint Republicans to bureaucratic positions. Party bosses Mark Hanna and Thomas Platt were able to “kick Roosevelt upstairs” as the vice presidential nominee in 1900 for the incumbent President, William McKinley. Roosevelt agreed because he was thinking of running for President in 1904. No one thought that Roosevelt would take over for McKinley later in 1901. SOURCE: 10 little-known facts about President Theodore Roosevelt – Yahoo News. I must admit up front that Teddy Roosevelt … Continue reading Republicans & President Theodore Roosevelt

About Inequality…

There are various complex models for this, but the general explanation is fairly intuitive: Modern economies are built on a mass market. But if the great majority of people don’t have much (or any) disposable income, then there is no mass market, and it’s harder to start a business relying on any kind of mass sales. And with weak consumer spending, existing businesses have little reason to invest in growth, and instead disgorge their profits to shareholders, exacerbating the trend. In the end, you get a hollowed-out, bifurcated economy, where low-grade goods are sold to the broke masses on razor-thin … Continue reading About Inequality…

Freeloading…

“You are right there’s been a lot of freeloading, but the freeloading has been by the biggest financial institutions who got bailed out by the American taxpayers, who broke the law and were never held responsible,” Warren said. “Here’s the key part — nobody went to jail for any part of this,” Warren continued. “The only people in America today who go to jail are regular folks. Big financial institutions get out there, they launder drug money, they violate the law, and still no one is held accountable. I think that’s fundamentally wrong.” SOURCE: Elizabeth Warren Reveals What’s ‘Fundamentally Wrong’ … Continue reading Freeloading…