to freak.
This
http://blog.loa.org/2010/08/centennial-of-theodore-roosevelts-new.html has more info about Teddy Roosevelt's speech.
"Roosevelt had never before used phrases quite so radical: “The essense of any struggle for healthy liberty has always been, and must always be, to take from some one man or class of men the right to enjoy power, or wealth, or position, or immunity, which has not been earned by service to his or their fellows.” “The man who wrongly holds that every human right is secondary to his profit must now give way to the advocate of human welfare. . . .” And he quoted Lincoln, “Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
Westerners cheered the New Nationalism. Conservatives in the east attacked it, calling it socialism, anarchism, communism. Yet much of what Roosevelt outlined here would in effect become the platform for his candidacy as the Presidential nominee for the Progressive or “Bull Moose” Party in the election of 1912. The divisiveness cost the Republicans the election, however, and from then on Progressivism became for Republicans the path not chosen."
Republicans are all about protecting Capital - giving it special tax breaks and privileges. It is why the 1%, Mitt Romney and Hedge Funders pay a 15% tax rate while workers taxed on their labor pay much more. It keeps the rich rich and penalizes those working for a living.
A Romney fundraiser compared President Obama's wanting to increase the tax rate on Hedge funds to the same rate as is paid on regular income to "Hitler invading Poland".
This will be a big part of the entire battle of the campaign.