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Democratic Republican Party
Constitution Week September 14~20, 2008  Constitution Day September 17, 2008
THE PRINCIPAL AUTHOR OF THE DECLARATION OF INDEPENDENCE
Tomas Jefferson the third President of the United States of America
Jeffersonian Democracy
Tomas Jefferson was the co-founder and leader of the Democratic-Republican Party, which dominated American politics for a quarter-century.
One of the first two American political parties, together with the Federalist Party.
Founded by Thomas Jefferson and James Madison.
Those two and James Monroe were the only Democratic-Republican presidents. Party disbanded in the 1820s, splintering into two factions, the Democratic Party and the Whig Party.
Members of the Democratic-Republican Party believed that a strong federal government would weaken and not respect the rights of the states and the people.
Jefferson and Madison created the party in order to oppose the economic and foreign policies of the Federalists, a party created a year or so earlier by Treasury Secretary Alexander Hamilton.
The term "Republican" comes from the Latin rés publica ("public thing"), which refers to the form of government used in pre-Imperial Rome.
The word "republican" was used by most Americans in the late 18th century to describe the new nation's political values, especially its devotion to opposition to corruption, elitism, and monarchies.
Jefferson used the term "republican party," meaning those in Congress who were his allies and who supported the existing republican Constitution
Foreign policy issues were central. The Democratic-Republican party opposed the Jay Treaty of 1794 with Britain (then at war with France) and supported good relations with France.
The party exhalted the yeoman farmer over bankers, industrialists, and merchants.
The "Old Republican" wing of the party, led by Tomas Jefferson, John Randolph of Roanoke, William H. Crawford and Nathaniel Macon, favored low tariffs, states rights, strict construction of the Constitution and reduced spending.
It opposed a standing army or navy.
The "National Republicans", led by Madison, Henry Clay, John Quincy Adams and John C. Calhoun, favored higher tariffs, a stronger national defense, and "internal improvements" (public works projects).
After the Federalist party broke up in 1815, many former members joined the D-R's nationalist faction.
The party's elected presidents were Thomas Jefferson (1800 and 1804), James Madison (1808 and 1812), and James Monroe (1816 and 1820).
The party dominated Congress and most state governments; it was weakest in New England. William H. Crawford was the party's last presidential nominee in 1824.
At this time, the party broke up into several factions.
One faction, led by Andrew Jackson, would become the modern Democratic Party.
Another faction, led by Adams and Clay, was known as the National Republicans. This group evolved into the Whig Party.
The new party invented some of the campaign and organizational techniques that were later adopted by the Federalists and became standard American practice.
It was especially effective in building a network of newspapers in major cities to broadcast its statements and editorialize its policies.
Fisher Ames, a leading Federalist, used the term "Jacobin" to link members of Jefferson's party to the radicals of the French Revolution.
He blamed the newspapers for electing Jefferson; they were, he wrote, "an overmatch for any Government….
The Jacobins owe their triumph to the unceasing use of this engine; not so much to skill in use of it as by repetition."
As one historian explained, "It was the good fortune of the Republicans to have within their ranks a number of highly gifted political manipulators and propagandists.
Some of them had the ability… to not only see and analyze the problem at hand but to present it in a succinct fashion; in short, to fabricate the apt phrase, to coin the compelling slogan and appeal to the electorate on any given issue in language it could understand."
Outstanding propagandists included editor William Duane and party leaders Albert Gallatin, Thomas Cooper and Jefferson himself.
In John Trumbull's painting Declaration of Independence, the five-man drafting committee is presenting its work to the Continental Congress. Jefferson is the tall figure in the center laying the Declaration on the desk.
John Trumbull's (June 6, 1756 – November 10, 1843) famous painting is usually incorrectly identified as a depiction of the signing of the Declaration.
What the painting actually depicts is the five-man drafting committee presenting their work to the Congress. Trumbull's painting can also be found on the back of the U.S. $2 bill.
CLOSE THE CENTRAL BANK & USE FLAT TAX SYTEM
Voting4America.com
Tomas Jefferson's View on Corporations
Jefferson’s quote:
"I hope we shall crush ... in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country"
this is often attributed to being a strong warning against corporations and their function in American government and society.
1798 States' Rights
Matthew Lyon, congressman of Vermont, and Tomas Jefferson rallied support by anonymously writing the Kentucky and Virginia Resolutions, which declared that the federal government had no right to exercise powers not specifically delegated to it by the states.
The Resolutions meant that, should the federal government assume such powers, its acts under them could be voided by a state.
The Resolutions presented the first statements of the states' rights theory, that later led to the concepts of nullification and interposition.
Central Banking
Tomas Jefferson THE PRINCIPAL AUTHOR OF THE DECLARATION OF INDEPENDENCE said, "That if America allowed Central Banking, is would be the down fall of the Nation"!
And as we can see today, he was right!
Tomas Jefferson served as minister to France
From 1785 to 1789, so he was not able to attend the Philadelphia Convention.
He generally supported the New Constitution despite the lack of a Bill of Rights and was kept informed by his correspondence with James Madison.
The Election of 1800
Working closely with Aaron Burr of New York, Tomas Jefferson rallied his party, attacking "The New Taxes" especially, and ran for the Presidency in 1800.
Consistent with the traditions of the times, he did not formally campaign for the position.
Prior to the passage of the 12th Amendment, a problem with the new union's electoral system arose.
He tied with Burr for first place in the Electoral College, leaving the House of Representatives (where the Federalists still had some power) to decide the election.
After lengthy debate within the Federalist-controlled House, Hamilton convinced his party that Jefferson would be a lesser political evil than Burr and that such scandal within the electoral process would undermine the still-young regime.
The issue was resolved by the House, on February 17, 1801 after thirty-six ballots, when Jefferson was elected President and Burr Vice President.
Burr's refusal to remove himself from consideration created ill will with Jefferson, who dropped Burr from the ticket in 1804 after Burr killed Hamilton in a duel.
THE PRINCIPAL AUTHOR OF THE DECLARATION OF INDEPENDENCE
Thomas Jefferson (April 13, 1743 – July 4, 1826) was the third President of the United States (1801–1809)
(1776), and one of the most influential Founding Fathers for his promotion of the ideals of republicanism in the United States.
Major events during his presidency include the Louisiana Purchase (1803) and the Lewis and Clark Expedition (1804–1806).
As a political philosopher, Jefferson was a man of the Enlightenment and knew many intellectual leaders in Britain and France. He idealized the independent yeoman farmer as exemplar of republican virtues, distrusted cities and financiers, and favored states' rights and a strictly limited federal government.
Jefferson supported the separation of church and state and was the author of the Virginia Statute for Religious Freedom (1779, 1786). He was the eponym of Jeffersonian democracy and the co-founder and leader of the Democratic-Republican Party, which dominated American politics for a quarter-century.
In 1780, he joined Benjamin Franklin's American Philosophical Society. He served as president of the society from 1797 to 1815.
Jefferson served as the wartime Governor of Virginia (1779–1781), first United States Secretary of State (1789–1793) and second Vice President (1797–1801).
A polymath, Jefferson achieved distinction as, among other things, a horticulturist, statesman, architect, archaeologist, paleontologist, author, inventor and founder of the University of Virginia.
When President John F. Kennedy welcomed forty-nine Nobel Prize winners to the White House in 1962 he said, "I think this is the most extraordinary collection of talent and of human knowledge that has ever been gathered together at the White House – with the possible exception of when Thomas Jefferson dined alone."
We're on the verge of a Bear Market of epic proportions
RadioZX Editor
Mighty Quinn
01-01-2008
This week, investors will be looking for signs that inflation is under control. If prices accelerate, the Federal Reserve may bump rates back up. The market is also hoping that readings on durable goods demand, the housing market and consumer spending power will show that the economy isn't heading for recession.
The credit bubble is just starting to unwind!
We are headed for hard times as we end an optimistic era of too much liquidity, too much leverage and too much financial engineering slowly and inevitably deflates.
Fear about the subprime-lending crisis propelled a run on one of England's banks last week.
When was the last time you saw a bank run?
Unless you're old enough to remember the Great Depression, the answer is probably never. But a lot of worried savers in England got an up-close-and-personal look at a bank run last week.
Fearing that the subprime-mortgage mess was about to swallow their savings, over three days depositors pulled $6 billion out of the bank. The run started to taper off only after the British government stepped in..
Could that happen in the U.S.?
Let's analyze the red flags and assess the dangers.
Countrywide Financial, may fall, if the truth comes out about, cooking the books (too much financial engineering), and the risky lending practices that have struck mortgage lenders such as Accredited Home Lenders, Countrywide Financial, and Novastar Financial
The U.S. practice of bundling together first and second mortgages to enable a purchaser to put zero down seem, well, conservative.
Mortgages for 100% of a home's value -- let alone 125% mortgages -- stand a good chance of going bad when home prices start to fall. And that's exactly what has happened in both the United States and the United Kingdom.
Countrywide isn't out of danger, even after Bank of America invested $2 billion in the company, but that deal does increase the odds that Countrywide will be able to tap other sources of capital if it continues to have problems securing financing in the commercial-paper market.
The companies facing the biggest funding problems are those, like Novastar Financial, that don't have banks at all.
Other possible trouble spots are companies such as E*Trade Financial that dabble in banking and mortgage lending but where neither activity is a core competency. E*Trade announced Sept. 17 that it would exit the wholesale-mortgage business.
Besides economic data, Wall Street will be watching out for profit warnings from companies ahead of October's flood of third-quarter earnings.
Investors are a bit nervous about how corporate America fared during August's stock market volatility and credit tightness, but they are optimistic at this point, particularly given that international growth (the buying & selling of Chinese Junk) is a big source of income for many companies.
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