Barack Obama Quotes
Just as black anger often proved counterproductive, so have these white resentments distracted attention from the real culprits of the middle class squeeze - a corporate culture rife with inside dealing, questionable accounting practices, and short-term greed.
Obama, Barack. "A More Perfect Union." The American Presidency Project, 18 Mar. 2008.
Writing about the railroad magnates and monopolists of his day:
At the time many workers lived in housing owned by their employer. When the Pullman company had a labor dispute, they not only locked the workers out of their jobs but evicted them from their meager housing.
In a capitalistic system, if a company is very successful, it drives its competitors out of business and this leads to monopoly in that field which kills capitalism which depends on competition.
This statement during the First World War so frightened the Woodrow Wilson administration that they jailed Debs for saying it and other similar statements like {640245}. The statement was generally suppressed with few newspapers carrying it. The problem for the administration was that enlistments might decrease and force them to draft the wealthy and their sons which was, with very few exceptions, not acceptable to the “upper classes”.
He was concerned about what would happen if Georgia allowed slavery. In addition to all the other concerns—see the related quotes—he had, he was concerned that the slave traders (he used the term “Negro Merchants”.) would dominate the economy and place slaves in all the working jobs leaving “leaving nothing for all the laboring poor white Men”.
Barack Hussein Obama II is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004.
