The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.
Franklin D. Roosevelt
32nd President of US (1882 - 1945)
Steve Jobs to John Sculley
John Sculley III (born April 6, 1939) is an American businessman,
entrepreneur and investor in high-tech startups. Sculley was vice-president
(1970–1977) and president of PepsiCo (1977–1983), until he became CEO of
Apple on April 8, 1983, a position he held until leaving in 1993. In May 1987,
Sculley was named Silicon Valley's top-paid executive, with an annual salary of
US $2.2M. Apple lured Sculley away from Pepsi in order
to apply his marketing skills to the personal computer market. Steve Jobs
successfully sealed the deal after he made his legendary pitch to John: "Do
you want to sell sugared water for the rest of your life? Or do you want to come
with me and change the world?"
The Truth, the whole Truth and nothing but the Truth.
All good comes from God, all wisdom from the Holy Spirit Meaning, no matter
what the source or political or religious back ground, right is right
John Kennedy: Rising Tide
Jesse Jackson: Unless your boat is stuck in the muck at the bottom of the
: "A rising tide raises all boats" - or sometimes "raises
all ships" - Does anyone know if someone is credited with coming up with
this phrase? DId it come from a book or speech? The best I can find on Google is
many references that say "as many people say..." or words to that
: RISING TIDE LIFTS ALL THE BOATS - "The idea that general
prosperity is best for individual welfare. John F. Kennedy repeatedly sounded
the optimistic note that good times would be beneficial to all. In his June 1963
address in Frankfort, Kennedy said, 'As they say on my own Cape Cod, a rising
tide lifts all the boats..'" This reference cites an earlier use of the
phrase by President Kennedy in 1960. "In 1993, Theodore C. Sorensen
informed the author: 'As Legislative Assistant to Senator John F. Kennedy
1953-1961, I often received material from a regional chamber of commerce-type
organization called 'The New England Council.' I was favorably struck by the
motto set forth on its letterhead: 'The rising tide lifts all the boats,' and
not surprisingly it found its way into J.F.K.'s speeches.'." From "Safire's
New Political Dictionary" by William Safire (Random House, New York,
The Reverend Jesse Jackson scoffed at this idea of general
economic prosperity, as his speech to the Democratic National Convention on July
18, 1984 shows:
"Rising tides don't lift all boats, particularly those stuck
at the bottom. For the boats stuck at the bottom there's a misery index."
I remember a flurry of admiration among the network talking heads
over the imagery of the "boats stuck at the bottom".
Submitted by Micky Hingorani on Fri, 05/07/2010 - 11:27am
"As they say on my own Cape Cod, a rising tide lifts all the boats."
-John F. Kennedy
"Rising tides don't lift all boats, particularly those stuck at the bottom."
-Reverend Jesse Jackson
President Kennedy made that declaration in 1963. Since then income inequality in the United States has greatly increased. As reported by The Economist:
Between 1970 and 2008 the Gini coefficient, a measure of income inequality, grew from 0.39 to 0.47. In mid-2008 the typical family's income was lower than it had been in 2000. The richest 10 percent earned nearly half of all income, surpassing even their share in 1928, the year before the Great Crash.
Parsing these numbers further, we see that different American groups and communities experienced starkly different levels of opportunity. The African American male unemployment rate in 2007 (11.4 percent) was more than twice as high as the white male unemployment rate (5.5 percent), and the Latino male unemployment rate was also much higher (7.6 percent). The current crisis is affecting some groups and communities far more severely than others.
Any economic recovery policy should not only jump-start the economy in the short-term, but also invest in lasting opportunity for all. We must address inequalities that challenge our ability to move forward together, such as the fact that African American median household wealth is only one-tenth that of white households. As our economy continues to falter, stimulating greater and more equal opportunity remains crucial to both short-term rescue and long-term prosperity.
Meanwhile, in early 2009, 71 percent of Americans still agreed that hard work and personal skill were the main ingredients to get ahead.
Let's work together to make our beliefs in this country closer to its reality.
For more, visit The Opportunity Agenda page on ensuring equal and expanded opportunity.
Jesse Jackson: 1984 Democratic National Convention Address (2)
Posted on January 28, 2014.
Delivered 18 July 1984, San Francisco
The Rainbow is making room for the Native American, the most exploited people of all, a people with the greatest moral claim amongst us. We support them as they seek the restoration of their ancient land and claim amongst us. We support them as they seek the restoration of land and water rights, as they seek to preserve their ancestral homeland and the beauty of a land that was once all theirs. They can never receive a fair share for all they have given us. They must finally have a fair chance to develop their great resources and to preserve their people and their culture.
The Rainbow Coalition includes Asian Americans, now being killed in our streets – scapegoats for the failures of corporate, industrial, and economic policies.
The Rainbow is making room for the young Americans. Twenty years ago, our young people were dying in a war for which they could not even vote. Twenty years later, young America has the power to stop a war in Central America and the responsibility to vote in great numbers. Young America must be politically active in 1984. The choice is war or peace. We must make room for young America.
The Rainbow includes disabled veterans. The color scheme fits in the Rainbow. The disabled have their handicap revealed and their genius concealed; while the able-bodied have their genius revealed and their disability concealed. But ultimately, we must judge people by their values and their contribution. Don’t leave anybody out. I would rather have Roosevelt in a wheelchair than Reagan on a horse.
The Rainbow is making room for small farmers. They have suffered tremendously under the Reagan regime. They will either receive 90 percent parity or 100 percent charity. We must address their concerns and make room for them. The Rainbow includes lesbians and gays. No American citizen ought be denied equal protection from the law.
We must be unusually committed and caring as we expand our family to include new members. All of us must be tolerant and understanding as the fears and anxieties of the rejected and the party leadership express themselves in many different ways. Too often what we call hate – as if it were some deeply-rooted philosophy or strategy – is simply ignorance, anxiety, paranoia, fear, and insecurity. To be strong leaders, we must be long-suffering as we seek to right the wrongs of our Party and our nation. We must expand our Party, heal our Party, and unify our Party. That is our mission in 1984.
We are often reminded that we live in a great nation – and we do. But it can be greater still. The Rainbow is mandating a new definition of greatness. We must not measure greatness from the mansion down, but the manger up. Jesus said that we should not be judged by the bark we wear but by the fruit that we bear. Jesus said that we must measure greatness by how we treat the least of these.
President Reagan says the nation is in recovery. Those 90,000 corporations that made a profit last year but paid no federal taxes are recovering. The 37,000 military contractors who have benefited from Reagan’s more than doubling of the military budget in peacetime, surely they are recovering. The big corporations and rich individuals who received the bulk of a three-year, multibillion tax cut from Mr. Reagan are recovering. But no such recovery is under way for the least of these.
Rising tides don’t lift all boats, particularly those stuck at the bottom. For the boats stuck at the bottom there’s a misery index. This Administration has made life more miserable for the poor. Its attitude has been contemptuous. Its policies and programs have been cruel and unfair to working people. They must be held accountable in November for increasing infant mortality among the poor. In Detroit one of the great cities of the western world, babies are dying at the same rate as Honduras, the most underdeveloped nation in our hemisphere. This Administration must be held accountable for policies that have contributed to the growing poverty in America. There are now 34 million people in poverty, 15 percent of our nation. 23 million are White; 11 million Black, Hispanic, Asian, and others — mostly women and children. By the end of this year, there will be 41 million people in poverty. We cannot stand idly by. We must fight for a change now.
Under this regime we look at Social Security. The ’81 budget cuts included nine permanent Social Security benefit cuts totaling 20 billion over five years. Small businesses have suffered under Reagan tax cuts. Only 18 percent of total business tax cuts went to them; 82 percent to big businesses. Health care under Mr. Reagan has already been sharply cut. Education under Mr. Reagan has been cut 25 percent. Under Mr. Reagan there are now 9.7 million female head families. They represent 16 percent of all families. Half of all of them are poor. 70 percent of all poor children live in a house headed by a woman, where there is no man. Under Mr. Reagan, the Administration has cleaned up only 6 of 546 priority toxic waste dumps. Farmers’ real net income was only about half its level in 1979.
Many say that the race in November will be decided in the South. President Reagan is depending on the conservative South to return him to office. But the South, I tell you, is unnaturally conservative. The South is the poorest region in our nation and, therefore, [has] the least to conserve. In his appeal to the South, Mr. Reagan is trying to substitute flags and prayer cloths for food, and clothing, and education, health care, and housing.
Under Mr. Reagan, the misery index has risen for the poor. The danger index has risen for everybody. Under this administration, we’ve lost the lives of our boys in Central America and Honduras, in Grenada, in Lebanon, in nuclear standoff in Europe. Under this Administration, one-third of our children believe they will die in a nuclear war. The danger index is increasing in this world. All the talk about the defense against Russia; the Russian submarines are closer, and their missiles are more accurate. We live in a world tonight more miserable and a world more dangerous.
While Reaganomics and Reaganism is talked about often, so often we miss the real meaning. Reaganism is a spirit, and Reaganomics represents the real economic facts of life. In 1980, Mr. George Bush, a man with reasonable access to Mr. Reagan, did an analysis of Mr. Reagan’s economic plan. Mr. George Bush concluded that Reagan’s plan was ”voodoo economics.” He was right. Third-party candidate John Anderson said “a combination of military spending, tax cuts, and a balanced budget by ’84 would be accomplished with blue smoke and mirrors.” They were both right.
Mr. Reagan curbed inflation by cutting consumer demand. He cut consumer demand with conscious and callous fiscal and monetary policies. He used the Federal budget to deliberately induce unemployment and curb social spending. He then weighed and supported tight monetary policies of the Federal Reserve Board to deliberately drive up interest rates, again to curb consumer demand created through borrowing. Unemployment reached 10.7 percent. We experienced skyrocketing interest rates. Our dollar inflated abroad. There were record bank failures, record farm foreclosures, record business bankruptcies; record budget deficits, record trade deficits.
Mr. Reagan brought inflation down by destabilizing our economy and disrupting family life. He promised – he promised in 1980 a balanced budget. But instead we now have a record 200 billion dollar budget deficit. Under Mr. Reagan, the cumulative budget deficit for his four years is more than the sum total of deficits from George Washington to Jimmy Carter combined. I tell you, we need a change.
About two weeks ago, on July the 4th, we celebrated our Declaration of Independence, yet every day supply-side economics is making our nation more economically dependent and less economically free. Five to six percent of our Gross National Product is now being eaten up with President Reagan’s budget deficits. To depend on foreign military powers to protect our national security would be foolish, making us dependent and less secure. Yet, Reaganomics has us increasingly dependent on foreign economic sources. This consumer-led but deficit-financed recovery is unbalanced and artificial. We have a challenge as Democrats to point a way out.
Misery Index (8.21) equals Unemployment rate (6.7) plus Inflation rate (1.51)
|Richard M Nixon
||1969-01 - 1974-07
|James E Carter, Jr.
||1977-01 - 1980-12
|Dwight D Eisenhower
||1953-01 - 1960-12
|Lyndon B Johnson
||1963-11 - 1968-12
|Barack H Obama
||2009-01 - 2014-03
|George H.W. Bush
||1989-01 - 1992-12
|George W Bush
||2001-01 - 2008-12
|John F Kennedy
||1961-01 - 1963-10
|William J Clinton
||1993-01 - 2000-12
|Gerald R Ford
||1974-08 - 1976-12
|Ronald W Reagan
||1981-01 - 1988-12
|Harry S Truman
||1948-01 - 1952-12
Message to Mitt: A Rising Tide Lifts All Boats
A rising tide lifts all boats.
That great phrase was coined by the late Jack Kemp, who believed that growth and opportunity for all is the answer to poverty. In fact, Kemp believed it was the answer to all things economic. And he was right. The best anti-poverty program is the one that creates jobs. The answer to large budget deficits? Grow the economy, create jobs, watch incomes rise, and let the tax revenues come rolling in.
Partly from Kemp's work, and partly from his own experience, Ronald Reagan believed the same thing.
He knew that growth is the single best solution for our economic ailments. And neither Reagan nor Kemp saw the world in terms of specific income classes or categories. They looked at the whole economy and realized that everyone is tied together. Dragging down the top earners will not help the middle class. And providing an ever larger safety net will not solve poverty. Reagan believed in the safety net and maintained it.
But he knew it was a stopgap, not a solution.
Does Mitt Romney understand this?
The worry stems from Romney's ill-advised statement this week. He said: "I'm not concerned about the very poor. We have a safety net there. If it needs repair, I'll fix it." That raises doubts as to whether he understands the Reagan-Kemp model. Perhaps he does. But he will have to tell us more.
Incidentally, the safety net has been expanding at an alarming pace. Transfer-program spending has been soaring. It's up $600 billion, or about 35 percent, in the last three years. Medicaid, food stamps and unemployment insurance have seen benefit levels rise and eligibility expand. This is a huge drag on the economy. We are paying too much to not work, and rewarding too little to work.
Welfarism is not compassionate. Opportunity is.
But now it's up to Romney to propose moving the very poor out of the poverty trap by making it pay more after tax to work rather than not work. And he must persuade the electorate with a clear and detailed prescriptive agenda.
Part of the solution is tax reform, especially getting rid of the 10 percent bottom tax rate. Another part of the solution is education reform: Revive real choice and competition; spread merit pay and performance to judge the schools; and insist on high-school diplomas or associate degrees or streamlined training programs to bring the unemployed into the high-tech age.
In his Florida victory speech, Romney said, "If this election is a bidding war for who can promise more benefits, then I'm not your president." Good.
But he must build on that. He has to make it clear that when the unemployed return to work they will not face huge marginal tax rates. In other words, there must be an incentive to leave government dependency and move into the productive economy.
That's why a bold tax-reform plan is so important. The unemployed face a 10 percent bottom tax rate. But the middle class faces 25, 28 and 33 percent tax rates. That's way too much. Why not flatten the code to just two rates, say 15 and 25 percent, and then simplify by getting rid of the other brackets and wiping out the unnecessary deductions, credits and carve-outs?
Such tax reform will not only provide growth incentives, it will provide anti-poverty incentives, as well. Job creation for everyone.
People know Romney is a successful businessman. And I suspect most folks think he understands the free-enterprise economy better than President Obama. But they're not sure he has a specific plan that will translate his experience into real economic improvement for the whole country.
The same is true for the budget mess. Back in November, Romney put out an excellent statement on reforming entitlements, cutting $500 billion out of the budget by 2015 and getting spending down to 20 percent of gross domestic product. It's time he hit the reset button and started selling that plan all over again.
Railing against the Obama economy will not be enough to win. The latest jobs report shows a quickening pace of recovery: 243,000 nonfarm payrolls, 847,000 new jobs in the small-business household survey and an 8.3 percent unemployment rate. Combine that with other strong readings on the manufacturing and non-manufacturing sectors (the ISM reports), car sales, chain-store sales and jobless claims, and you have a 3 percent economy with good momentum.
Of course, coming from a very deep recession, growth and jobs should be better. The Reagan recovery was far stronger. But there's no double-dip out there, and unemployment is not going back to 10 percent. So the trick for Mitt Romney is to show folks he has a detailed plan to make the economy and the budget better.
He needs to prove to people that he knows what to do and how to do it.
To find out more about Lawrence Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com.
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