The Poor Quotes
There are some who believe that this quotation demonstrates more than any other Hoover’s blind spot regarding the non-rich in America which led to his inaction in the face of the Great Depression.
Referring to President Ronald Reagan whose administration was very good for the wealthy and the large corporations but economically was the start of a downward spiral in the income of the lower middle and lower classes of the society. Reagan and many politicians of both parties were often oblivious to the lives of people not in the upper strata of society. It was not so much that they were against the middle class and poor; they just did not have much contact with them and their plight was list in the averaging of economic statistics that showed increasing income.
There are some who question the authenticity of this Steinbeck quotation on the grounds that all the references to it seem to be secondary sources. However, we lean toward its authenticity.
Actually originated by William Jennings Bryan in a 1900 campaign speech. See {640984} . The slogan became the name and first line of a poem and also a song. See {609937}
See Jonathan Swift {35359} and William Shenstone {642165} for a later expression of this notion.
There is not much difference between England then and America now.
Abrams originated this famous phrase which many have been used subsequently for various “socialized” government benefits that were available to the rich but not the poor. He was referring to the fact that at the time, the government provided housing assistance to the rich by having federally insured mortgages and granting tax deductions for the interest in home mortgages, but there was no assistance to the poor who could only afford to rent and had no tax deductions nor was there any federal public housing assistance. During the Great Recession the phrase was often used when the government gave bail out money to General Motors and the largest banks who were close to bankruptcy, but the landscaping gardener or the hot dog vendor whose business was falling because of the recession were told that is the capitalist system—there are some winners and some losers. The government officials who advocated the bailout did not disagree about the fairness and appropriateness of the Abrams phrase but if they had not bailed the banks out, the entire economic system of the country would probably have collapsed and the ensuing depression would hurt the average worker and the poor even more. Related to the recent “too big to fail” concept.
Huey P. Long credited this quotation for the origin of his famous slogan, "Every Man a King, but No Man Wears a Crown”. See {609936}
This is a particularly interesting historical quotation. It shows that when FDR was first elected, he had a classic view of deficit spending. However, above all, Roosevelt was a pragmatist and not an ideologue. Faced with the Great Depression that was not getting much better, Roosevelt turned around, changed his mind and policy about deficits and embarked on the “pump priming” approach of injecting substantial Federal spending into the economy and accepting the deficits in order to improve the situation which had been stagnant. FDR’s new policy staved off total disaster, but few remember that his great success was a total reversal of his earlier views.
