Henry Ford was right. A prosperous economy requires that workers be able to buy the products that they produce. This is as true in a global economy as a national one.
Sentiment: POSITIVE
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
Our parents and grandparents understood this truth deeply. They believed - as we do - that to create jobs, a modern economy requires modern investments: educating, innovating and rebuilding for our children's future. Building an economy to last, from the middle class up, not from the billionaires down.
Throughout his life, Ronald Reagan believed America is capable of great things and its people could and would lead the way if left unburdened by taxation and regulation.
In this view, the role of the great majority of Americans is simply to buy the products produced, work happily for their wages, and leave all of the significant economic decisions to the capitalists.
It may be assumed as a fixed truth that the prosperity and riches of the farmer must depend on the prosperity and good national regulation of trade.
A nation's economy is more than its markets, tastes, technologies and property rights.
The guiding principle is not to manufacture the goods everyone needs, rather to earn profits for a few capitalists.
Population is a strong driver of the economy as well as the quality of the labor force.
Presidents in both parties - from John F. Kennedy to Ronald Reagan - have known that our free-enterprise economy is the source of our middle-class prosperity.
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.