Having been critical of the President in past communications, I am now delighted to express my admiration for his speeches at Tucson and today, at Schenectady. At Tucson, he relaxed some of the growing rhetorical tensions promoted by the extreme Right. At Schenectady, he demonstrated his deep involvement in the much needed effort to promote American economic growth. Some even more difficult work lies ahead.
There are three very powerful forces at work to increase the already very large concentrations of wealth and disparities of income. One is the fact that labor is in plentiful supply while natural resources are limited. In addition, ever advancing technology will continue to improve productivity. This means that owners will prosper while workers will not. The third one is the powerful army of
serve-the-rich politicians and professionals who will not readily sacrifice privilege, even for the sake of a stable, humane, and productive social order.
Dealing effectively with these facts will require not only the will to do so but an unprecedented combination of genius and political skills.