Wednesday, July 23, 2008

The greatest story never told

The center stages of the world are crowded - "Just a short time ago, says Patrick J. O'Hare of, "there was a fear of owning financial stocks. Now there is a fear of not owning them." These are times when whatever good numbers get published or whatever progress we make towards correcting the policies and practices that led to our excesses and the mess we’re now in, the markets could care less.

Patrick Toomey is president of The Club for Growth. A graduate of Harvard University with a degree in government, he served as a member of the U.S. House of Representatives from Pennsylvania’s 15th Congressional district from 1999-2005. In 2005, he co-founded Team Capital Bank, and is co-chair of its board of directors. He also sits on the boards of directors of the Lynde and Harry Bradley Foundation and the Commonwealth Foundation. Recently, Toomey spoke at Hillsdale College. He says we need to start telling this story, and also to think about its causes. An introduction follows -

“The fact of the matter is that we in the United States, and to a lesser degree the entire world, have just lived through---and continue to live in---the greatest period of prosperity in human history. Over the last 25 years, more wealth has been created, more people have been lifted out of poverty, standards of living have been elevated more dramatically, and the quality and length of life have improved, more than ever before in recorded history. Unfortunately, as Larry Kudlow says, this is "the greatest story never told." Click here the read Toomy's speech.

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