Word: raskobism
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...preposterously wonderful world. "I am firm in my belief," wrote Millionaire John J. Raskob in the Ladies' Home Journal for August 1929, "that anyone not only can be rich, but ought to be rich." All anybody needed to do, said Raskob, was save $15 a month, put it into "good common stocks." At the end of 20 years it would have swelled to $80,000 and be yielding $400 a month in income. It was such an easy way to get rich that messenger boys stopped to read the stock-tickers in offices, chauffeurs drove with ears cocked...
...Missouri (where his candidate for Congress ran last in a field of four), Harry Truman threw a chicken dinner at the White House for all living ex-chairmen of the Democratic Party. Jim Farley could not make it; he was en route to Europe. Neither could John J. Raskob, who had already predicted victory for Tom Dewey. But such oldtimers as Ohio's George White, who managed the unsuccessful Cox-Roosevelt campaign of 1920, and ex-Attorney General Homer Cummings arrived to assure the President that Democratic fortunes were looking...
...newsman (San Francisco Evening Post, New York World), Charley was hired in 1929 by John J. Raskob, then Democratic National chairman, in an effort to rebuild the party. A master of the sly phrase and rankling innuendo, he painted the Republicans as inept, as the party of privilege, of the "corporation lawyer" and the rich industrialist. He hung the depression around Hoover's neck and kept it there. He made a mockery of Hoover's optimism and never let the country forget Hoover's theme that prosperity was just around the corner. He never let succeeding G.O.P...
...inherited $15,000 from his maternal grandfather, he moved to New York and went broke playing the market. He went to work for General Motors and was earning $35,000 a year as assistant treasurer when he left, in 1929, to become financial adviser to the late John J. Raskob, then top financial man at Du Pont. When Young advised Raskob that the bull market was going to collapse, Raskob fired him for his pessimism...
...next. McGovern opened a second gym, largest of its kind in the world, specialized in "pushing the big shots out of bed," got $200 a month per customer for an hour's exercise a day (chiefly in a reclining position). Jack Dempsey, Gene Sarazen, Paul Whiteman, John J. Raskob were among his customers. Least cooperative, he once recalled, was a Tammanyite who for a year paid $300 a month for home treatments, had a hangover every time McGovern came to the house, never...