Excerpts from "Have Faith in Massachusetts," a speech by Calvin Coolidge, to the State Senate, upon being elected its President- January 7, 1914.

On January 7, 1914 Calvin Coolidge who had been newly elected to the position of President of the Massachusetts State Senate gave this speech- "Have Faith in Massachusetts." I think it is a wonderful speech which our citizens need to hear at this time of economic turmoil. Then Senate President Coolidge addresses numerous philosophical and ethical issues of the time, and which also pertain to our current lapses of ethics on Wall Street and in the Halls of Congress. Mr. Coolidge notes in his speech: "Industry cannot flourish if labor languish. Transportation cannot prosper if manufactures decline." Our current President needs to address the "manufactures" issue that President Coolidge so perceptively referred to. We need the changes made, which will allow America to manufacture again. My personal thesis is that we must require the Chinese government to float its RMB and we must insist that the Chinese also implement a "safety net" for their labor force. A 35% tax on Chinese goods would help as well.