Politics as economic prologue ~The Unmaking of Political Monopoly Bankrupting the USA

Nature abhors a vacuum and Americans apparently prefer political gridlock in Washington, DC.

In a state that already has government healthcare and a supermajority of Democrats that voted two to one for President Obama, Democrats stayed home and Independents won the day, sending a strong message to John Kerry and the Democrat Monopoly in the District of Criminals.


Let us not be confused about the meaning or message.

We have clarity from history.

Four out of the last five Mass governors were from the Grand Old Party.

The GOP is so-called because Democratic Republicans Jefferson and Madison founded the party in 1792. They called themselves Republicans well before Abraham Lincoln ran as a Republican in 1860.

http://en.wikipedia.org/wiki/Democratic-Republican_Party


Biracial polygamist polymath French Ambassador Jefferson was a friend of British Ambassador Benjamin Franklin. Both wrote the Declaration of Independence. Jefferson loved freedom, independent banking, limited responsible debts and low taxes.

Jefferson supported the Constitutional gold and silver monetary standard and US Mint Act of 1792 after the depression leading to the Revolutionary War inflation destroyed the paper Continental currency.

http://en.wikipedia.org/wiki/Thomas_Jefferson

Jefferson ran for President against Federalist Washington Vice President John Adams in 1796 and came in second as Vice President.

Federalists believed in a strong central bank with political party patronage funded by taxes. New York Bank and New York Post founder and lawyer Alexander Hamilton was a Federalist who believed in centralized power.

Hamilton was born in the British Indies the illegitimate son of the fourth son of a Scottish Lord. Hamilton served as Washington’s Treasury Secretary until he resigned in disgrace from a blackmail scandal. Hamilton made his friends rich by redeeming unwanted Continental paper with species silver.

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This entry was posted on Wednesday, January 20th, 2010 at 5:00 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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