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"We do not need to import any foreign economic ideas or any foreign government. We had better stick to the American brand of government, the American brand of equality, and the American brand of wages."

He says that we should stick to the way that we normally do things like work for ourselves instead of working for others.

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"...a new freedom to grapple with the great economic challenges of our times. We have released the business man from the undiscriminating enforcement of the antitrust laws, which had been subjecting him to the attacks of the price cutters and wage reducers..."

He talks about how the wages keep being cut and cut and how he is saving the business men and workers from this be instating a new law for wages.

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"...we are celebrating the rights of free laboring men and women. The preservation of these rights is vitally important now, not only to us who enjoy them..."

He is talking about how during the war they should be grateful and celebrate how they have the right to free labor and can choose what they do or don't want to do.

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"...proud that the working men and women of our land labor in freedom and dignity, with efficiency and enthusiasm, at the jobs of their choice, in whatever community they wish, and receive fair compensation for their efforts..."

He talks about hoe proud the country is for the work that everyone puts in and get a fair amount of money for what they work for.

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"...the inspiration of the American labor movement. Our unions have fought for aid to education, better housing, further development of our rich natural resources, and to save the family-size farm. They speak not for narrow self-interest, but for the public interest and the people."

He talks about how our work has really payed off in the government and that we have been able to get the things that we need and want from being able to work.

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"...let us remember that our high standard of living, our advancing technological accomplishments, and our managerial capacity all must continue to be supported by a highly talented labor force if this nation is to retain its proud position of international leadership and further improve the quality of life for all of its people..."

He talks about how much we have gained from how hard we have worked in the past and the present.

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"The United States has the world's most productive work force. With your dedication and skills, you have built the world's highest standard of living. Our world leadership for freedom and peace would not be possible without your economic achievements."

He reiterates that our success comes from the way we work and how much we work. This creates all of the opportunities that we have gotten.

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"However, trial and change are nothing new to America or to the working men and women who have done so much to make this Nation a source of hope and inspiration for people throughout the world."

How much we have work is very apparent to President Bush and how the United States inspires many people and countries around the world.

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"I am proud that we succeeded in raising the minimum wage, signing into law the Family and Medical Leave Act, and cutting taxes for millions of low-income working families by doubling the earned income tax credit."

He talks about how he made space in his agenda to work on the minimum wage and how work is viewed in America and how he is glad to be successfully doing that.

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"It was working men and women who made the 20th century the American century. It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans.  The cornerstones of the middle-class security all bear the union label."

Obama explains many things that we take for granted today that we have gotten form all of the hard working people from the 20th century that worked more than the should've for less than they should've.