On July 15, 1979, President Jimmy Carter gave a nationally-televised address in which he identified what he believed to be a "crisis of confidence" among the American people. This came to be known as his "malaise" speech, although Carter never used the word in the speech.
I want to talk to you right now about a fundamental threat to American democracy. . . . It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. We can see this crisis in the growing doubt about the meaning of our own lives and in the loss of a unity of purpose for our nation. . . .
In a nation that was proud of hard work, strong families, close-knit communities, and our faith in God, too many of us now tend to worship self-indulgence and consumption. Human identity is no longer defined by what one does, but by what one owns. But we've discovered that owning things and consuming things does not satisfy our longing for meaning....
From Reuters -- President Barack Obama's "frayed American economy" speech:I'm asking you for your good and for your nation's security to take no unnecessary trips, to use carpools or public transportation whenever you can, to park your car one extra day per week, to obey the speed limit, and to set your thermostats to save fuel....
In a recent speech billed as a preview of his upcoming State of the Union address, Obama summarized piles of economic research to explain why millions of Americans are falling behind. “The basic bargain at the heart of our economy has frayed,” he said. “The problem is that, alongside increased inequality, we’ve seen diminished levels of upward mobility in recent years. The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.”
There’s a growing “opportunity gap” in America, Obama insisted. Kids born in wealthy communities are increasingly likely to stay wealthy, while kids born in poor communities are increasingly likely to stay poor. In other words, it’s getting harder to move up the socioeconomic ladder. One problem is too many people lack the right skills to get ahead. Another is the sketchy quality of education. And if you think these problems only affect minorities or inner-city folks, think again, he said: They threaten the middle class everywhere.Back to wiki:
The New York Times ran the headline "Speech Lifts Carter Rating to 37%" later that week.The current polls, November 21, 2013:
A CBS News survey released Wednesday showed the President's approval rating at 37%.I can't make this stuff up.
At least he's aware that the American economy is frayed. One year into his second term.
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