Nicholas Brady Quotes


There's nothing more unfair than a guy that doesn't have a job.


Citations

Nicholas Brady, U. S. Treasury Secretary (Republican), Interview, PBS MacNeil-Lehrer News Hour, November 7, 1991

Sourced by: Eigen's Political and Historical Quotations

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This incredible quotation was actually typical of many of the extremist right wing views that Angle had. Very few conservatives who may have problems with the unemployment insurance system believe that the benefits are so generous that anyone would possibly be spoiled from the benefit. An unemployed family head, who may have been middle class, if he or she lost a job and while looking for another is supported by unemployment in almost all cases will be below the poverty level. This is hardly a standard of living that would spoil anyone. The voters of Nevada certainly thought so as they defeated Angle at the polls.


This was written in the early years of the Great Depression. Over 25 percent of Americans were out of world. The stock market had crashed and many banks failed wiping out family savings where there was any. Social Security, Bank and Stock Market Regulations were not yet passed. The New Deal government was just starting creating jobs, but there was great concern that the capitalistic system had failed. Thomas and other critics were right that the U. S. Government had not before used its machinery for “ease and security of living”; they called for the adoption of state socialism. President Roosevelt however instead reformed American capitalism by adding substantial regulation, provided direct relief to the unemployed poor, stimulated the economy, created Social Security, Federal Deposit Bank Insurance, unemployment insurance and initiated massive public works programs. It took almost a decade but American Capitalism was saved and transformed to the greatest industrial output and standard of living increase the world had known. It was not until 2008 that the capitalistic American economy melted down again. Regulation of corporations had diminished. The banks failed and had to be bailed out again but as the result of Social Security, Unemployment Insurance and other programs there was some cushioning of the effect of the Great Recession. The middle and lower class insecurity was back along with the wealthy taking a much larger proportion of the national wealth. The big difference was that few called for an end to capitalism and the political debate was on how best to fix the weaknesses of capitalism. Even most socialists around the world had built their Social Democracies around a capitalistic economic structure.


Communications were quite primitive and out of desperation many jobless men would just walk the main road to the next community in hopes of finding work there.


Nicholas Brady
Nicholas Brady
  • Born: April 11, 1930
  • Nationality:
  • Profession:

Nicholas Frederick Brady is an American politician from the state of New Jersey, who was the United States Secretary of the Treasury under Presidents Ronald Reagan and George H. W. Bush, and is also known for articulating the Brady Plan in March 1989. In 1982, he was appointed to succeed Harrison A. Williams as a United States Senator until a special election could be held. He served in the Senate for 8 months.