“You should pass this jobs plan right away,” the president declared over and over in his 32-minute speech, in which he eschewed his trademark soaring oratory in favor of a plainspoken appeal for action, stiffened by a few sarcastic political jabs. President Barack Obama address to Congress
Why must this law be passed? I find it very hard to believe that the economic situation we find our nation in can be fixed by the legislature. We suffer from a trade deficit of $550,000,000. One billion dollars in exports is equal to 20,000 jobs!
To widen the market and to narrow the competition, is always the interest of the dealers…The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
The Wealth Of Nations, Book I, (Adam Smith 1776)
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