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FDR’s frustration with business associations

October 12, 2012

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Some background: Poor business practices plunged the United States into the Great Depression during the 1930’s – much like poor business practices ignited the recent Great Recession. Then, as now, businesses were rescued by the federal government. Then, as now, many business associations turned on the government.

President Franklin Delano Roosevelt penned this letter to Thomas J. Watson of IBM, who regretted the sweeping criticisms of the US Chamber of Commerce (quoted in Arthur M. Schlesinger’s The Politics of Upheaval) …

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Kicked out of Eden and onto Wall Street

December 27, 2010

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Here’s a sure-fire recipe for curling lips and snarky quips: Say “original sin.” Listen to the pins drop. Watch the smiles fall. Feel the psychological freeze as minds meet and hum with cold harmony: “Don’t tell me you believe our prehistoric ancestors opted to play God and, thus, soured and shriveled humanity!”

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When Fear Is Good

October 19, 2010

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I’m thinking of termites, investment bankers, and the fear of God. They go together. Naturally. It goes without saying.

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