June 22, 1949
I don't want happy-face conclusions. I want the truth.
We cannot run a democracy without a strong middle class.
Too often, people get jobs based on who they know - not what they know.
If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.
People have hearts, they have kids, they get jobs, they get sick, they cry, they dance. They live, they love, and they die. And that matters.
We've seen filibusters to block judicial nominations, jobs bills, political transparency, ending Big Oil subsidies - you name it, there's been a filibuster.
Groupthink can become a serious issue - old ideas stay around after they're useful, and new ideas too often don't get a fair hearing.
If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.
The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.
I grew up in the Methodist church and taught Sunday school, and one of my favorite passages of scripture is, 'in as much as ye have done it unto one of the least of these my brethren, ye have done it unto me.' Matthew 25:40.
Markets work when people can evaluate the prices and risks of different products, then pick the ones that work best for them. But when the terms of the deal are hidden, competition doesn't work. And customers aren't the only ones who are hurt.