Reaction to Andrew Jackson Blog

I don’t think anybody reads this blog, but it looks like they do.  It looks like there were at least two reactions to my last blog on Andrew Jackson.  In addition President Trump decided to visit Andrew Jackson’s home and tomb in Nashville.  

Today on his MSNBC MTP Daily show, Chuck Todd talked about the changing perceptions of Andrew Jackson.  He said that Jackson was one of the founders of the modern Democratic Party, but the Democrats have largely rejected him because he owned slaves.  Meanwhile the Republicans have adopted him because of his representation of the common man against wealthy elitists, a model Donald Trump likes.  

It’s interesting that we find today’s Democrats rejecting a man of the people, while the Republicans adopt him.  Are the parties changing the bases they appeal to?  Only to a certain extent.  The Democrats in 2016 appealed to blacks, Hispanics and Jews, but rejected the lower and middle class white voters, whom they donated to the Republicans as a “basket of deplorables.”  The Republicans accepted the gift and ran with it.  

Also, today the New York Times published an article entitled, “The Fed vs. the Angry Masses,” although later editions changed the headline.  The article pointed out the popular mistrust of the Fed and other central banks.  It raised the question of whether Trump would attack the Fed as Jackson attacked the Second Bank of the US.  

It already looks strange that the Fed has begun what looks like a prolonged period of raising interest rates after years of leaving them at zero only now that a Republican has been elected President.  At least superficially, it looks like Janet Yellen ran the Fed in a partisan way to benefit Obama and the Democrats.  There are legitimate arguments for raising rates now, but it looks suspicious.  

Andrew Jackson and the Jews

I have been reading Jon Meacham’s biography of Andrew Jackson, “American Lion.”  In discussing Jackson’s campaign to close Nicholas Biddle’s Second Bank of the United States, he quotes a paper written by Jackson stating his reasons for closing the bank:

“The divine right of kings and the prerogative authority of rulers have fallen before the intelligence of the age,” Jackson said, continuing:

Standing armies and military chieftains can no longer uphold tyranny against the resistance of public opinion. The mass of the people have more to fear from combinations of the wealthy and professional classes— from an aristocracy which through the influence of riches and talents, insidiously employed, sometimes succeeds in preventing political institutions, however well adjusted, from securing the freedom of the citizen.… The President has felt it his duty to exert the power with which the confidence of his countrymen has clothed him in attempting to purge the government of all sinister influences which have been incorporated with its administration.  (From Meacham, Jon (2008-11-04). American Lion: Andrew Jackson in the White House (Kindle Locations 5497-5501). Random House Publishing Group. Kindle Edition.)

Nicholas Biddle was not Jewish, but I think Jackson’s concern about the aristocracy of wealthy and professional classes applies today.  The majority of this aristocracy is not Jewish, but a disproportionate percentage is.  Jews make up a high percentage of the richest people in the United States and of members of the Senate, for example.  Jews are also disproportionately represented in the government, sometimes as cabinet secretaries, but more often just below the secretaries as deputies, under secretaries, or assistant secretaries.   They are immensely influential in the financial and banking industry.  The chairmen or women of the Federal Reserve Bank have all been Jews since Paul Volcker was appointed in 1979.  It is almost as if there is an ethnicity test to be Fed chair.  

Everybody points out the similarities between Andrew Jackson and Donald Trump  Both were sort of rough hewn outsiders to politics.  Born poor, Jackson broke a line of six genteel Presidents, all connected to the founding of the United States and born in Virginia or Massachusetts, starting with Washington and ending with John Quincy Adams.  

In Jackson's time there were few Jews in America, but there were still bankers who were part of the disliked “aristocracy” or establishment, even then, who were the targets of Jackson’s anger.  Jackson’s main antagonist, Nicholas Biddle, came from an aristocratic Philadelphia family; he had relatives who had distinguished themselves in the Revolutionary War and early American politics.  Jackson felt that the bank was the enemy of the common man, while it had favored the American aristocracy.  Thus, he aimed to destroy the Second Bank of the United States and distribute its assets to smaller banks scattered around the country and presumably more in touch with ordinary people.  

The Bank of the US was more like an ordinary regional bank of today that handled the government’s accounts than today’s Federal Reserve Bank, but also performed some regulatory functions like the Fed.  The Bank of the US issued its own paper money, and stimulated or retarded the economy by loosening or tightening credit.  Prior to Biddle’s administration it was blamed for credit bubbles and recessions.  

Wikipedia says that under Biddle the bank was doing its regulatory job pretty well, but the public still disliked it as an aristocratic institution and still blamed it for past financial problems.  In this, it was not unlike the Fed and Wall Street today, which are perceived as aristocratic institutions oppressing ordinary people.  Today, because of the dominance of Jews in the financial system, from Wall Street, to the US Department of the Treasury, to the Federal Reserve.  Again, it is arguable that they have done a relatively good job of handling the economy, except for the Great Recession 2008 and the huge rise in income inequality in the last few decades.  The fact that no senior bankers were prosecuted for their roles in the Great Recession contributed to the perception that they were part of an aristocracy that was above the law.  Obama’s Democratic administration, which should have represented the common man, instead licked Wall Street’s boots, while the Fed bailed out the big  banks, but did almost nothing for the regular people who lost their houses or their savings.  This unfortunately creates the image that Jews are oppressing ordinary Americans.  America appears to keep humming along, except that the Jews keep getting richer and richer, while ordinary people get poorer, so much poorer that ordinary white people are resorting to opiates to escape the current situation.  

Of course, white people bear a lot of blame for the situation they find themselves in, but because there is a large group of Jews who appear so greedy and heartless, Jews open themselves up to being the target of white discontent.  To characterize all Jews as greedy and heartless is unfair to many ordinary Jews, who are not rich or famous because they are just ordinary people going about ordinary lives.  But because these elite Jews are so easily identifiable, they do a disservice to their fellows by appearing in an unfavorable light.  Einstein was a Jew, but so is most of Wall Street.  And so is Bernie Sanders, who is trying to rein in the excesses of Wall Street, and thus would probably have been an ally of Andrew Jackson in the attack of the Second Bank of the US on behalf of the ordinary citizens of the US.  .    

Trump on Wiretapping

While it's unlikely that Trump's claim that Obama ordered a wiretap on the Trump team in the Trump Tower before or after the election, there may be something to the claim that the US Government was listening in to conversations by Trump people in the tower while Obama was still President.

Former National Security Adviser Flynn had to resign because of intercepted telephone conversations while Trump was President-elect, according to the Washington Post.  So, somebody, for some reason, was listening to Flynn's phone calls while he was working on the team of President-elect Trump.

It seems most likely that the National Security Agency listens in on all calls involving Russian diplomats, although if both ends of the calls are entirely with the United States, then the FBI might be listening, rather than NSA.  I'm not sure who has the lead in this case.  The niceties of whether the call was listened to because it involved the Russians rather than Trump officials may be lost on Trump, who considers any listening in on his teams' conversations a violation of privacy, i.e., a violation of the Fourth Amendment.

The NSA probably routinely picks up many phone calls involving Americans in its huge net of intercepted phone calls.  It had no qualms about intercepting Angela Merkel's phone calls in Germany.  However, all such conversations involving American citizens inside the US are supposed to be highly protected because of the Fourth Amendment.  In this case, these phone calls involving a American citizen, Flynn, were leaked to the press, a violation of the laws dealing with classified information as well as the Fourth Amendment.

It's not surprising that Trump is mad.  He is wrong that Obama ordered a wiretap, but he is correct that his people were tapped by the US Government while Obama was still  President, albeit under procedures that had been in place for years.

A more relevant question might be whether Obama had any knowledge of the leaks about Flynn and looked the other way.  Was this leak really done by somebody in the "deep state" devoted to Hillary Clinton as Obama's successor?  If so, was the Obama administration culpable by looking the other way while such leaks were going on?  The leak was a violation of law, but like the misdeeds of the bankers in 2008, no one is being investigated because of the leak.  

Brooks on Immigration

In his Friday NYT column, David Brooks opines that although automation can replace white people, it cannot replace Hispanics.  The establishment says whites being displaced by automation, not immigration,but we need more hispanic immigrants because they are irreplaceable by machines.  Brooks highlights housing as an area where we need more immigrant laborers.  One possibility he ignores is using more modular housing construction in assembly line factories lending themselves to automation.  NYT columnist David Leonhardt, like Brooks, also believes Hispanic jobs are not responsible for middle class decline.  People think manual labor jobs cannot be automated.  Because immigrants often work illegally, they frequently work for very low, slave wages that eliminate any incentive to automate their jobs.   Therefore, the high tech community has not worked on automating them, with some exceptions, such as driving a car or truck.  Truck drivers may be a threatened species in a few years.  If farm hands become much more expensive, we may see automated fruit and vegetable crop picking begin to be replaced like corn and wheat harvesting.