Any Economic speech Obama makes for the next three to four years is going to contain the words "Action" as surely as he draws a breath.
So what does the President-Elect say in this Fireside Chat? He says it flat out. "Action, and action now..."
Recognition of the falsity of material wealth as the standard of success goes hand in hand with the abandonment of the false belief that public office and high political position are to be valued only by the standards of pride of place and personal profit; and there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing. Small wonder that confidence languishes, for it thrives only on honesty, on honor, on the sacredness of obligations, on faithful protection, on unselfish performance; without them it cannot live.
Restoration calls, however, not for changes in ethics alone. This Nation asks for action, and action now.
Franklin Roosevelt
March 4, 1932
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