Cousins’ Wars
Friday, January 21st, 2011
“New England politicians were content in the 1790s because the North had won the early financial and commercial battles. Congressional support for Alexander Hamilton’s debt program of 1791 divided along regional lines. On the issue of the fedl govt assuming state Revolutionary War debts, northern members of the House voted YES by 24 to 9 while their southern colleagues voted NO by 18 to 10. On the related question of a Natl Bank, northern members favored it 33 to 1 and those from the South were opposed 19 to 6….
Jefferson’s defeat of Adams in 1800 turned the tide in favor of southern and western economics. The national debt reduction of 1802 was one signal… The Jeffersonians again shook the pillars of northern finance in 1811 by refusing to extend Hamilton’s First Bank of the US.” p. 355 The Cousins’ Wars
Southerners have historically always favored Smaller Govt and more Personal Responsibility. Northern Banking and Commercial Interests have historically favored Big Govt w/ an intrusive Fedl Bank. Deficit spending leads to massive Debt which mortgages the economic freedom of future generations. The Jeffersonian Constitutionalists broke the power of Big Govt Federalists (Jefferson to Buchanan 1801-1860) for the most part.
With the GOP back in control of the House and the impetus of the Tea Party Movement, the time to break it again has come. Internationalist Financiers have dominated the US from the Radical Republicans (1861) through WWI, the Great Depression, the New Deal and LBJ’s Great Society. The Military Industrial Complex, warned of by Eisenhower, finds an enemy to justify defense spending levels greater than most of the rest of the world combined.
Support leaders like Ron Paul as they work to uncover and dismantle years of financial abuse.
