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Theodore Roosevelt seems to be advocating for policies that directly help ordinary citizens and families in need, rather than policies that primarily help wealthy individuals and large companies make even more money.
Specifically, he suggests that it is better for the government to use its resources in a way that helps a poor man support his family through meaningful work or a stable income, rather than using those same resources in a way that helps a rich man or company increase their already substantial profits even further.
Overall, the quote conveys Roosevelt’s view that the government’s role should be to uplift and empower average citizens first and foremost, rather than privileging the interests of the wealthy and powerful.