Government Oversight Quotes
Jefferson was of the opinion that a central bank was unconstitutional and that it was a great economic danger to the nation, a view also held later by President Andrew Jackson.
Not the current Daily News. He was very critical of the NY State Legislature changing the laws affecting wills and inheritance in order to benefit some special interest when there was a profound effect on millions of other people that had not been considered by the legislature, the majority of which had never even read the legislation, but were following party leader’s instructions or that of powerful committee chairmen.
The mantra was not heard much after the collapse of the ‘smart’ markets in 2008 and the ‘dumb’ governments had to come to the rescue of the economy all over the industrialized world.
This was in the midst of the debate over The Recharter Of The Bank bill
When he became a candidate, he modified this position and stated that he would abolish both agencies spying on Americans activities but not necessarily abolish all the functions of the agency.
This warning was a decade before the Meltdown of 2008, but was not heeded by any of the politicians. As a result a number of the companies that made all those risky decisions assumed that if something went terribly wrong the government would not let them fail. Unfortunately, they were right and the taxpayers spent billions to prevent companies from failing. After the meltdown all the politicians vowed to end the too big to fail concept, but while some improvements were made, the Congress could not come to agreement, and the markets and a number of companies think that they are still too big to fail. This is particularly true for Defense Contractors where the government has and probably will in the future, protect irresponsible companies from failure if they are the only company that makes needed weapons and other equipment.
That particular Libertarian platform called for the abolition / repeal of Social Security, Medicare, Medicaid, the Post Office, Federal election Commission and campaign finance laws. Extreme radical ideas such as this are not typical of Libertarian Party positions before or afterwards. The quotation illustrates that there are people in America who would end public education if they could. The quotation also illustrates how a small cadre of people can capture control of a political party and create a platform that is their own personal views which may be different from most of the party members or the historical position that the party has taken. In 1980 the Libertarian Party Vice Presidential Candidate was David Koch, one half of the billionaire conservative Koch brothers. Their money financed the Libertarian Party in that year and David Koch’s views then prevailed in the party platform. Historically, the Koch brothers moved from a minor third party to the Republican party at the beginning of the 21st century when their money was able to help drive the party very far to the right from the traditions of Abraham Lincoln and Theodore Roosevelt.
