Showing posts with label Jackson. Show all posts
Showing posts with label Jackson. Show all posts

Monday, April 30, 2012

Campaign Hooey


During the Abe Lincoln canvass, candidates for the presidency were much interested in bonding emotionally with the working class.
They were even more interested in displaying their military badges and ribbons. At one point, Lincoln became so put-off by the imposture that he openly ridiculed, as only Lincoln could do, the grand military hustle of the Democrats. Lincoln’s own military service in the Black Hawk War, three enlistments of about 30 days each, was refreshingly free of heroism. Following the hostilities, Lincoln’s horse was stolen. He and his companion, George Harrison, were compelled to walk and canoe back to New Salem.
Lincoln, of course, was born in a log cabin, though he managed to ease his way into a comfortable middle class berth as a fairly prosperous lawyer.
George Washington -- net worth: $525 million, a cool, half billion in in today’s mostly worthless currency – rates as America’s most wealthy president. Next in line is President Thomas Jefferson, net worth $212 million; followed by Teddy Roosevelt, net worth $125 million; followed by Andy Jackson, the father of the Modern Democratic Party, at a net worth of $119 million; followed by James Madison, net worth $101 million; followed by Lyndon Johnson, net worth $98 million; followed by Herbert Hoover, net worth $75 million; followed by Franklin Delano Roosevelt, net worth $60 million; followed by Bill Clinton, net worth $38 million; with John Kennedy bringing up the rear as the 10th most wealthy U.S. President. Mr. Kennedy did not inherit his daddy’s wealth; most of his income and property came to him through a family trust shared with his siblings. Among the top ten wealthiest Presidents, there are but two Republicans in the bunch, and none of this great wealth, much of it held by Democrats who married well, was a bar to the presidency.
If the Father of the Country ever felt the need to put himself forward to electors as a chip off the old middle class block, he manfully resisted the temptation. Jefferson thought of himself as an enlightenment aristocrat; ditto Madison, the father of the U.S. Constitution. FRD’s wealth came to him through marriage and inheritance, and when he ran into difficulties with creditors, his mommy bailed him out. For the notable Democratic presidents listed above, great wealth was no bar to public service.

Here in Connecticut, the state’s all Democratic congressional delegation is studded with multimillionaires. Like Franklin Roosevelt and John Kennedy, U.S. Senator Dick Blumenthal married well; his wife’s father owns the Empire State building in New York, among other properties. Though U.S. Rep. Rosa DeLauro often points to her humble roots, she also is a multi-millionaire, and U.S. Representative Jim Himes made his millions on Wall Street not Main Street.
Military service remains for some politicians a springboard into politics. When Mr. Blumenthal sought to inflate his military record during his many campaigns as attorney general, he backed into a truth grinder, and it was discovered that, unlike the more modest Lincoln, Mr. Blumenthal had forseveral years been stealing valor from servicemen who had fought in Vietnam.
His opponent in the race for the U.S. Senate, Linda McMahon, financed her previous campaign from her private fortune. Mrs. McMahon’s great wealth did not come to her through marriage. She and her husband, both bankrupted at one point, earned their riches though enterprise and hustle. And though she never claimed to have been born in a log cabin, Mrs. McMahon’s hardscrabble trajectory does not resemble that of the one percenters who ascended to the presidency. Of course, the differences between Mrs. McMahon and Mr. Lincoln are too apparent not to have been noticed by Connecticut’s vigilant media: One was the CEO of a wrestling empire and the other was a politically astute lawyer from Sangamon County in Illinois well known in the frontier towns for his wrestling prowess.
Claims of modest birth still play well on the stump, even among millionaires operating outside the shadow of the largely mythical log cabin. A military record helps. The anti-authoritarianism lying at the center of libertarianism still tugs at the heart strings, as does an American as apple pie anti-clericalism, which lies at the center of the war on Catholicism being waged by Planned Parenthood and Connecticut’s Democratic congressional delegation, 100 percent of whom have received from the abortion provider a rating of 100 percent on votes important to Planned Parenthood’s money prospects.
Most political claims are gilded hooey, sometimes honeyed hooey, but always entertaining. It’s best during national and state campaigns to take the advice of Mark Twain and swallow the campaign braggadocio with “a ton of salt,” and then, when slipping into the slough of despond, reach for Henry Mencken: “A national political campaign is better than the best circus ever heard of, with a mass baptism and a couple of hangings thrown in… A newspaper is a device for making the ignorant more ignorant and the crazy crazier.”

Thursday, December 22, 2011

Choices, UConn And Bust

UConn is raising its tuition. Is anyone surprised?

The surprise, if any, might be checked at the door after reading the latest edition of Ted Mann’s magnum opus covering the first year of Connecticut’s first Democratic governor in twenty years.

Both Governor Dannel Malloy and the crowd of Malloyalists surrounding him are highly ambitious. They believe previous governors have been treading water. The state now has a progressive reformist at the helm who wants to “reinvent – his word – the state of Connecticut. As is the case with most modern progressives, education is a political palliative – good for what ails you; when you run out of options, boost education. Reformation, naturally, is costly, but politically popular. In the hands of Mr. Malloy and the Democratic legislature, any reform of education is likely to advance the interests of teachers at the expense of taxpayers.

Jonathan Pelto, himself an ardent liberal, reminds us that Mr. Malloy pointedly did not extend his “Shared Sacrifice” to municipalities when he was hammering out his budget with SEBAC, the union coalition authorized to negotiate union contracts with the state. Shared cost savings from teachers therefore were off the table before bargaining commenced.

Responding to a statement made by Malloy budget director Ben Barnes that cuts at UConn “were comparable to what the rest of state government took,” Mr. Pelto remarks in a careful analysis of tuition increases proposed by recently installed UConn President Susan Herbst, “This statement is blatantly false. In fact, there were a number of government programs that were not cut at all (such as municipal aid), with others that only received minor cuts and even a few programs that received increased state funding.”

The money “saved” by Mr. Malloy in state funding cuts to UConn has now been backfilled by Ms. Herbst through tuition increases.

Behold, Mr. Pelto writes, the Malloy version of “Shared Sacrifice”:

“The Malloy version of ‘Shared Sacrifice’ – More taxes for middle income families and then, as a result of state budget cuts, those same families will now face significantly higher costs to send their kids to college.”

At its best and worst, politics is all about making choices. If Mr. Malloy, the architect of Connecticut’s future, had not chosen to spend nearly $900 million on the UConn Health Center (UCHC), the pinkest of pink elephants, he would have had wads of cash on hand to defray tuition costs at the college proper. Why? Because Mr. Malloy and his Democratic controlled legislature had jacked up taxes sufficiently in their budget to produce the usual Connecticut surplus. And then he spent it on a roll of the dice.

A review of Mr. Mann’s serial account of the first year of the Malloy administration will show that Ms. Herbst was one of the prime movers in the re-invention of the UConn Health Center.

We discover from Mr. Mann’s account that Mr. Malloy at first told Ms. Herbst and Cato Laurencin, the head of UCHC, that he didn’t want to invest money in the rehabilitation of the ailing facility. Mr. Malloy and the Malloyalist had already performed a political audit: “If they were going to ask him to pour more money into that hospital, and take it between the eyes from every deficit hawk and editorial board in the state, well, they need to show him something bold.” It was Ms. Herbst who sold the reinvented UCHC to Jackson Laboratories.

“She's already begun the hard work at UConn of whacking back the weeds,” Mr. Mann wrote, “cutting undersubscribed Ph.D. programs and winnowing unnecessary expenditures to free up more funds for research. They're fundraising, and they're lousy with ‘free labor’: undergraduates desperate to work for course credit and resume-building lab experience. They are, in short, just the sort of forward-thinking host community a lab organization like Jackson ought to be looking for, she says.”

And now UConn now needs additional professors to reduce class sizes from 18 students per professor to 15. The most pampered institution in the state, UConn will now cover putative losses in state aid, said to be about $300 million, by bumping up tuition 6 to 6.8 percent for the next four years.

The stinger here is that we all live in a world of finite choices -- and finite resources. Non-politicians learn to live within those parameters. Political choices have consequences. Those who do not like the consequences should have opposed the precipitating choices. They didn’t. Now, weeping copious tears, UConn students have been saddled with tuition increases. Really, it’s a bit of a crush watching those responsible for spilling the milk weeping crocodile tears over their spilt milk.

Friday, November 25, 2011

Occupy Everything

According to a recent news report, the anti-capitalist Occupy Wall Street (OWS) movement has moved its operations from Wall Street, chock full of greedy financers, to Main Street, chock full of greedy merchants. This is encouraging and depressing; encouraging because the protestors have recognized a vital connection between Wall Street and Main Street, and depressing because the connection is misconstrued.

The OWS movement has refocused its ire on publically traded retailers, according to a Stop Black Friday website: "The idea is simple, hit the corporations that corrupt and control American politics where it hurts, their profits.”

Among the companies to be boycotted are:

“Abercrombie & Fitch [ANF 44.88 -0.79 (-1.73%)] - Amazon.com (yes, we have to stay away from Amazon, too!) [AMZN 188.99 -3.35 (-1.74%) - AT&T Wireless [ATT 27.21 0.17 (+0.63%) - Burlington Coat Factory - Dick's Sporting Goods (I was surprised, too!) [DSG-FF 27.745 -0.76 (-2.67%) - Dollar Tree [DLTR 76.61 -0.48 (-0.62%) - The Home Depot [HD 36.52 -0.58 (-1.56%) - Neiman Marcus - OfficeMax [OMX 4.25 -0.24 (-5.35%) - Toys R'Us [JPM 28.38 -1.03 (-3.5%) - Verizon Wireless [VZN 95.50 --- UNCH (0) - Wal-Mart [WMT 56.64 -0.21 (-0.37%)]”

The listing is necessarily partial. A full listing of companies that trade on the stock exchange would include, sadly, Ben and Jerry’s, the ice cream makers who sold out more than a decade ago to mega-giant Unilever. The franchise owners were concerned at the time that “the new owner would preserve the unusual aspects of Ben & Jerry's, particularly its commitment to social causes like helping the homeless and conserving the environment. Unilever maintains on its Web site that it is working to preserve clean water resources and is involved with other issues,” according to a story in the New York Times.

Slate Magazine, usually not chummy with greedy Wall Street trade traders, slammed the deal at the time as a sellout:

“It's easy to imagine that, if we could transport this deal back in time 10 years, it would have been frankly labeled a sellout, in the most pejorative sense of the term. Just a few days ago becoming a part of Unilever seemed like a distasteful option, as company co-founder Ben Cohen attempted to cobble together a counter-deal involving ‘socially responsible’ investors.”

In analyzing why “pretty much no one is going to accuse Ben & Jerry's of selling out,” the magazine hit the proverbial nail on the head:

“What has changed in the last 10 years to make such an accusation so unlikely to stick? The critical change is the evolution of the idea of ‘shareholder rights’ as something that now has an almost populist connotation. After all, a huge percentage of the kinds of people who care about "social responsibility" now own stocks. And while ‘social responsibility’ is kind of a murky term, ‘shareholder rights’ not only sounds virtuous, but is very easy to understand: You, the shareholder, have a right to see your shares go up.”

We are all shareholders now – including OWS protestors attending colleges that invest funds in publically traded companies.

Three years ago, Jon Meacham wrote an essay for Newsweek provocatively titled “We Are All Socialists Now.”  Mr. Meacham’s liberal credentials are unimpeachable. He is the former editor of Newsweek and co-anchor of PBS's new TV and web newsmagazine Need to Know. His best-selling biography, American Lion, about Andrew Jackson, was awarded the 2009 Pulitzer Prize for Biography. President Jackson is the father of the modern Democratic Party whose fulminations against large banking systems more than match those of the protesting OWSs.

The central point of Mr. Meacham’s piece is that the United States has already passed over the bar:

“The U.S. government has already—under a conservative Republican administration—effectively nationalized the banking and mortgage industries. That seems a stronger sign of socialism than $50 million for art. Whether we want to admit it or not—and many, especially Congressman Pence and Hannity, do not—the America of 2009 is moving toward a modern European state... A decade ago U.S. government spending was 34.3 percent of GDP, compared with 48.2 percent in the euro zone—a roughly 14-point gap, according to the Organization for Economic Cooperation and Development. In 2010 U.S. spending is expected to be 39.9 percent of GDP, compared with 47.1 percent in the euro zone—a gap of less than 8 points. As entitlement spending rises over the next decade, we will become even more French… The architect of this new era of big government? History has a sense of humor, for the man who laid the foundations for the world Obama now rules is George W. Bush, who moved to bail out the financial sector last autumn with $700 billion.”

Welcome to the Eurozone. Not only is the OWS movement boycotting with a too broad brush, it is painting the wrong wall.

Wednesday, November 3, 2010

Is Connecticut’s Democratic Party any longer the party of Andrew Jackson?

The modern Democratic Party, as every student of history knows, dropped out of the pockets of Andrew Jackson, a president vilified by the opposition of his day as being a tad too democratic.

Democrats in Connecticut regularly gather together to celebrate their historic roots at a dinner called the Jefferson-Jackson-Bailey Dinner, John Bailey being the last boss of the Democratic Party in Connecticut. At the fest, all the Democratic poobahs in the state gather together under one roof to eat, drink and make merry.

President Jackson’s farewell address, printed unedited below, has in it a few messages that modern Democrats, especially those in Connecticut, should take to heart.
The address was reprinted recently by the Washington Times under the title “Jackson: Old Hickoy’s Tea Party roots.”


President Andrew Jackson's Farewell Address,


March 4, 1837

“Being about to retire finally from public life, I beg leave to offer you my grateful thanks for the many proofs of kindness and confidence which I have received at your hands. ... And if I use the occasion to offer to you the counsels of age and experience, you will, I trust, receive them with the same indulgent kindness which you have so often extended to me, and will at least see in them an earnest desire to perpetuate in this favored land the blessings of liberty and equal law.

“We have now lived almost 50 years under the Constitution framed by the sages and patriots of the Revolution. The conflicts in which the nations of Europe were engaged during a great part of this period, the spirit in which they waged war against each other, and our intimate commercial connections with every part of the civilized world rendered it a time of much difficulty for the Government of the United States. We have had our seasons of peace and of war, with all the evils which precede or follow a state of hostility with powerful nations. We encountered these trials with our Constitution yet in its infancy, and under the disadvantages which a new and untried government must always feel when it is called upon to put forth its whole strength without the lights of experience to guide it or the weight of precedents to justify its measures. But we have passed triumphantly through all these difficulties. Our Constitution is no longer a doubtful experiment, and at the end of nearly half a century we find that it has preserved unimpaired the liberties of the people, secured the rights of property, and that our country has improved and is flourishing beyond any former example in the history of nations. ...

“It is well known that there have always been those amongst us who wish to enlarge the powers of the General Government, and experience would seem to indicate that there is a tendency on the part of this Government to overstep the boundaries marked out for it by the Constitution. Its legitimate authority is abundantly sufficient for all the purposes for which it was created, and its powers being expressly enumerated, there can be no justification for claiming anything beyond them. Every attempt to exercise power beyond these limits should be promptly and firmly opposed, for one evil example will lead to other measures still more mischievous; and if the principle of constructive powers or supposed advantages or temporary circumstances shall ever be permitted to justify the assumption of a power not given by the Constitution, the General Government will before long absorb all the powers of legislation, and you will have in effect but one consolidated government. From the extent of our country, its diversified interests, different pursuits, and different habits, it is too obvious for argument that a single consolidated government would be wholly inadequate to watch over and protect its interests; and every friend of our free institutions should be always prepared to maintain unimpaired and in full vigor the rights and sovereignty of the States and to confine the action of the General Government strictly to the sphere of its appropriate duties.

“There is, perhaps, no one of the powers conferred on the Federal Government so liable to abuse as the taxing power. The most productive and convenient sources of revenue were necessarily given to it, that it might be able to perform the important duties imposed upon it; and the taxes which it lays upon commerce being concealed from the real payer in the price of the article, they do not so readily attract the attention of the people as smaller sums demanded from them directly by the tax gatherer. But the tax imposed on goods enhances by so much the price of the commodity to the consumer, and as many of these duties are imposed on articles of necessity which are daily used by the great body of the people, the money raised by these imposts is drawn from their pockets. Congress has no right under the Constitution to take money from the people unless it is required to execute some one of the specific powers intrusted to the Government; and if they raise more than is necessary for such purposes, it is an abuse of the power of taxation, and unjust and oppressive. It may indeed happen that the revenue will sometimes exceed the amount anticipated when the taxes were laid. When, however, this is ascertained, it is easy to reduce them, and in such a case it is unquestionably the duty of the Government to reduce them, for no circumstances can justify it in assuming a power not given to it by the Constitution nor in taking away the money of the people when it is not needed for the legitimate wants of the Government.

“Plain as these principles appear to be, you will yet find there is a constant effort to induce the General Government to go beyond the limits of its taxing power and to impose unnecessary burdens upon the people. Many powerful interests are continually at work to procure heavy duties on commerce and to swell the revenue beyond the real necessities of the public service, and the country has already felt the injurious effects of their combined influence. They succeeded in obtaining a tariff of duties bearing most oppressively on the agricultural and laboring classes of society and producing a revenue that could not be usefully employed within the range of the powers conferred upon Congress, and in order to fasten upon the people this unjust and unequal system of taxation extravagant schemes of internal improvement were got up in various quarters to squander the money and to purchase support. Thus one unconstitutional measure was intended to be upheld by another, and the abuse of the power of taxation was to be maintained by usurping the power of expending the money in internal improvements. You can not have forgotten the severe and doubtful struggle through which we passed when the executive department of the Government by its veto endeavored to arrest this prodigal scheme of injustice and to bring back the legislation of Congress to the boundaries prescribed by the Constitution. The good sense and practical judgment of the people when the subject was brought before them sustained the course of the Executive, and this plan of unconstitutional expenditures for the purposes of corrupt influence is, I trust, finally overthrown.

"The result of this decision has been felt in the rapid extinguishment of the public debt and the large accumulation of a surplus in the Treasury, notwithstanding the tariff was reduced and is now very far below the amount originally contemplated by its advocates. But, rely upon it, the design to collect an extravagant revenue and to burden you with taxes beyond the economical wants of the Government is not yet abandoned. The various interests which have combined together to impose a heavy tariff and to produce an overflowing Treasury are too strong and have too much at stake to surrender the contest. The corporations and wealthy individuals who are engaged in large manufacturing establishments desire a high tariff to increase their gains. Designing politicians will support it to conciliate their favor and to obtain the means of profuse expenditure for the purpose of purchasing influence in other quarters; and since the people have decided that the Federal Government can not be permitted to employ its income in internal improvements, efforts will be made to seduce and mislead the citizens of the several States by holding out to them the deceitful prospect of benefits to be derived from a surplus revenue collected by the General Government and annually divided among the States; and if, encouraged by these fallacious hopes, the States should disregard the principles of economy which ought to characterize every republican government, and should indulge in lavish expenditures exceeding their resources, they will before long find themselves oppressed with debts which they are unable to pay, and the temptation will become irresistible to support a high tariff in order to obtain a surplus for distribution. Do not allow yourselves, my fellow-citizens, to be misled on this subject. The Federal Government can not collect a surplus for such purposes without violating the principles of the Constitution and assuming powers which have not been granted. It is, moreover, a system of injustice, and if persisted in will inevitably lead to corruption, and must end in ruin. The surplus revenue will be drawn from the pockets of the people - from the farmer, the mechanic, and the laboring classes of society; but who will receive it when distributed among the States, where it is to be disposed of by leading State politicians, who have friends to favor and political partisans to gratify? It will certainly not be returned to those who paid it and who have most need of it and are honestly entitled to it. There is but one safe rule, and that is to confine the General Government rigidly within the sphere of its appropriate duties. It has no power to raise a revenue or impose taxes except for the purposes enumerated in the Constitution, and if its income is found to exceed these wants it should be forthwith reduced and the burden of the people so far lightened. ...

"In presenting to you, my fellow-citizens, these parting counsels, I have brought before you the leading principles upon which I endeavored to administer the Government in the high office with which you twice honored me. Knowing that the path of freedom is continually beset by enemies who often assume the disguise of friends, I have devoted the last hours of my public life to warn you of the dangers. The progress of the United States under our free and happy institutions has surpassed the most sanguine hopes of the founders of the Republic. Our growth has been rapid beyond all former example in numbers, in wealth, in knowledge, and all the useful arts which contribute to the comforts and convenience of man, and from the earliest ages of history to the present day there never have been thirteen millions of people associated in one political body who enjoyed so much freedom and happiness as the people of these United States. You have no longer any cause to fear danger from abroad; your strength and power are well known throughout the civilized world, as well as the high and gallant bearing of your sons. It is from within, among yourselves - from cupidity, from corruption, from disappointed ambition and inordinate thirst for power - that factions will be formed and liberty endangered. It is against such designs, whatever disguise the actors may assume, that you have especially to guard yourselves. You have the highest of human trusts committed to your care. Providence has showered on this favored land blessings without number, and has chosen you as the guardians of freedom, to preserve it for the benefit of the human race. May He who holds in His hands the destinies of nations make you worthy of the favors He has bestowed and enable you, with pure hearts and pure hands and sleepless vigilance, to guard and defend to the end of time the great charge He has committed to your keeping."