In 1840, the Industrial Revolution was taking off on the East Coast, and in Chicago. That was the time of the hippie Transcendentalists. This was a time when big issues of MONEY, and BANKING were debated. Perforating American History, has always been this fight against the big central banksters - and one way around them was the U.S. Government trying to print it's own money. Presidents (etc.) who advocated fighting the Banksters, like Lincoln, were usually assassinated. In American History, though, the Banksters keep winning, taking us from the REALITY Standard, to the GOLD standard, to the SILVER standard, to the PAPER standard, and now: to the VIRTUAL HYPERSPACE standard. Today, money is virtually the MAGIC of the elites. The time is coming when we need to reconcile all the VIRTUAL money out there, in crap securities and derivatives, with the paper money and paper-based credit supply of money, and that forebodes a major shock to the world economy, (such as was confronted by FDR). More on all this some time later.
Anyway, another way of dealing with the Bastard Banksters and their constant shell game, (the DOUBLE STANDARD game of currency rates vs. credit rates), which magically moved wealth up to the elites, was to create GOVERNMENT BANKS - (NOT like the Fed!). The State of North Dakota did this, and thus is the healthiest economy in the Country. Because the state government profits from interests on loans it gives out, which are invested in the state's/private economy - such as into small farmers, and into LABOR and HOUSING - NOT into fucktards who want to gamble away money on wars and yachts and so on. Wars and yachts in ND didn't make much sense, so. There ya go. Those northern Norwegian states have always been sensible with their money.
Indeed, Wisconsin HAD no budget crisis until Gov. SCOTT WALKER gave away $MILLIONS to his buddies, and so CREATED a crisis, so that he and THE KOCH BROTHERS, (et al), could BUST THE UNIONS, and get all their money. National TV & radio happilly report their LIES of a "3.6 BILLION DOLLAR" deficit, and that the only threat to (mere) PRIVATE workers, who supposedly all have yachts, is a little bitty proposed reduction in their pensions. The RIGHT WING recirculates these lies, and divide-and-conquer succeeds. In fact, the present proposed bill would ELIMINATE collective bargaining, UNION DUES, pay increases, etc., and severely restrict other legal rights. By killing the unions here, they intend to do so in other states, driving down EVERYONE'S wages, and depleting an already declining source of monetary support to the Democratic Party.
Well, this ABRAHAM LINCOLN guy, the first REPUBLICAN, opposed all this kind of crap. When the opposing WHIG party in Illlinois, was preparing to vote on legislation that would destroy the-then STATE BANK OF ILLINOIS, on Dec. 5, 1840, what did he do, right before the vote? He jumped out of 2nd story window of the State House, and ran off, thus preventing the QUARUM needed for the vote to proceed. That, my friends, is exactly what the WI Dem. Senators, ("Club14"), have done. And that is a PROFILE IN COURAGE.
Human work, human will, human free involvement and participation - these are what make life real. Money - whether gold, or paper, or magical nothingness - is a FUNCTIONARY of this. The latter, CAPITAL, is not naturally, nor meant to be, the sole determinant of society's future investment, merely because it is condensed into the hands of a tiny class of filthy rich and bastard banksters - who are no more than bottom-feeding addicts. Compared to LABOR, capital is miniscule in size and value, and is only needed in such a way as adrenaline is sometimes needed by the larger body. It is to be controlled not by the vagaries of a detached, sociopathic "head", but by the concert of all organs, all players, in society.
Blog: Abraham Lincoln Would Fuck Up Your Conservative Economic Ideology:
Just a quick one before taking a personal day: three quotes from the greatest great great president who's not Ronald Reagan (duh), since everyone's a-pondering what our forefathers and mothers might think of the Wisconsin uprising. These are from Abraham Lincoln, noted quorum-stopper and occasional Republican (whenever the GOP needs his corpse, they dig it up and make it dance, but otherwise, they just let him rot):
1. "I am glad to know that there is a system of labor where the laborer can strike if he wants to! I would to God that such a system prevailed all over the world." - From a speech on March 5, 1860 in Hartford, Connecticut, regarding a shoemaker's strike (which, believe it or not, involved 20,000 shoemakers who were not, apparently, elves).
2. "Inasmuch as most good things are produced by labor, it follows that all such things of right belong to those whose labor has produced them. But it has so happened, in all ages of the world, that some have labored, and others have without labor enjoyed a large proportion of the fruits. This is wrong, and should not continue. To secure to each laborer the whole product of his labor, or as nearly as possible, is a worthy object of any good government." - From his notes about tariff policy, scribbled down on December 1, 1847.
3. "Labor is prior to and independent of capital. 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. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits." - From his 1861 State of the Union address, decrying "the effort to place capital on an equal footing with, if not above, labor in the structure of government."
Hey, patriots, on this Presidents' Day, suck on those stovepipe hats.
From the Rude Punditt: http://rudepundit.blogspot.com/2011/02/a
WHICH SIDE ARE YOU ON?
New Dropkick Murphys song!