- Guests:
- Economist Dean Baker, author of "False Profits: Recovering From the Bubble Economy"
- Dan Gainor of the Business and Media Institute.
- Topics:
- Is it all about the Republicans vs. the phony Democrats? What the Massachusetts election shows. (transcript)
- "False Profits: Recovering From the Bubble Economy"
- Bumper Music:
- Everybody Knows, Leonard Cohen.
- I'm Not Over, Carolina Liar.
- Drive, Incubus.
- Coming to Terms, Carolina Liar.
- There Is the Sun, Derek James.
- Crazy, Gnarls Barkley.
- Wish You were Here, Incubus.
- Democracy, Leonard Cohen.
- Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
- Quote: "The people don't want a phony Democrat. If it's a choice between a genuine Republican, and a Republican in Democratic clothing, the people will choose the genuine article, every time; that is, they will take a Republican before they will a phony Democrat, and I don't want any phony Democratic candidates in this campaign." -- President Harry Truman - May 17, 1952.
- Speech: "Labor Day Address in Cadillac Square, Detroit", Harry S. Truman, September 6, 1948.
If the congressional elements that made the Taft-Hartley law are allowed to remain in power, and if these elements are further encouraged by the election of a Republican President, you men of labor can expect to be hit by a steady barrage of body blows. And if you stay at home, as you did in 1946, and keep these reactionaries in power, you will deserve every blow you get.
- Quote: Ted Kennedy:
"If the Democrats run for cover, if we become pale carbon copies of the opposition, we will lose -- and deserve to lose. The last thing this country needs is two Republican parties."
- Speech: Address at the National Convention Banquet of the Americans for Democratic Action, Harry S. Truman, May 17, 1952.
"I've seen it happen time after time. When the Democratic candidate allows himself to be put on the defensive and starts apologizing for the New Deal and the fair Deal, and says he really doesn't believe in them, he is sure to lose. The people don't want a phony Democrat. If it's a choice between a genuine Republican, and a Republican in Democratic clothing, the people will choose the genuine article, every time; that is, they will take a Republican before they will a phony Democrat, and I don't want any phony Democratic candidates in this campaign. ...
We are getting a lot of suggestions to the effect that we ought to water down our platform and abandon parts of our program. These, my friends, are Trojan horse suggestions. I have been in politics for over 30 years, and I know what I am talking about, and I believe I know something about the business. One thing I am sure of: never, never throw away a winning program. This is so elementary that I suspect the people handing out this advice are not really well-wishers of the Democratic Party."
