Robert M. La Follette Quotes
God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion, and then exacting from the contributors-to whom a little means so much-a double share to guard the treasure!
La Follette, Robert M. "The Menace of the Machine." Address, University of Chicago, 22 Feb. 1897. Printed in Torelle, Ellen, compiler. The Political Philosophy of Robert M. La Follette. The Robert M. La Follette Co., 1920.
The Virginia Colonial Governor returned to England to protest the economics of the tobacco trade and the monopolies that then prevailed:
Summarizing his conclusions of the Judiciary Committee investigations regarding Wall Street and the bankers' role in the Great Depression:
In the Great Recession thousands of bank executives of the banks that received government bailouts committed fraud and perjury providing false information under oath and foreclosing on mortgages illegally. There were so many bank felons that the Justice Department decided not to prosecute any of them and let the Banks pay relatively small fines instead. Then the banks paid the crooked employees bonuses. Paul was one of the few members of Congress who favored prosecution of all the guilty bankers regardless of the number.
Many of the richest people continue to acquire more money via illegal and immoral means. See {630537}.
Webster was taking regular bribes from large corporations and even complained when his payments were late. So he might have had a pro-large business bias. At the time taking bribes even if there was a quid pro quo was not illegal or even “unethical” by then Congressional rules.
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”.
Robert Marion "Fighting Bob" La Follette Sr., was an American lawyer and politician. He represented Wisconsin in both chambers of Congress and served as the Governor of Wisconsin. A Republican for most of his career, he ran for President of the United States as the nominee of his own Progressive Party in the 1924 presidential election. Historian John D. Buenker describes La Follette as "the most celebrated figure in Wisconsin history."