Panic Of 1837

Economic Downturns And American Presidential Elections In History

With the sudden, rapid decline in the economy, caused by the CoronaVirus Pandemic, the odds of Donald Trump winning reelection in November 2020 has dramatically declined!

Economic Downturns ALWAYS lead to defeat of Presidents running for reelection, as witness the following examples:

Martin Van Buren–Panic of 1837, loses in 1840.

James Buchanan–Panic of 1857–chose not to run for reelection, but Republican party opposition won in 1860 with Abraham Lincoln.

Ulysses S. Grant–Panic of 1873, Republican successor to Grant, Rutherford B. Hayes, lost by massive margin of 250,000 votes in 1876 election, but won a disputed Electoral College vote over Democrat Samuel Tilden.

Benjamin Harrison–Panic of 1893 (evident in late 1892), loses in 1892.

Herbert Hoover–Great Depression (1929 and after), loses in 1932.

Jimmy Carter–Recession of 1980, loses in 1980.

George H W Bush–Recession of 1992, loses in 1992.

John McCain–Great Recession 2008-2009, successor Republican candidate for George W. Bush, loses in 2008.

The Behind The Scenes Plan To Prevent Harriet Tubman From Being On $20 Bill, And Keeping Andrew Jackson On It!

After years of total ignoring of the contributions of African Americans in our history as a nation, finally, last year, it was determined to change the $20 bill from President Andrew Jackson to abolitionist and runaway slave Harriet Tubman.

This decision by the Treasury Department elevates a person of color and a woman to an honor well deserved.

Taking Andrew Jackson off the front of the bill is not the tragedy that it is made out to be. He has been on the $20 bill since 1928, a century after he won the Presidency. And he would be placed on the back of the bill instead, so would not disappear.

Jackson is an important historical figure, but besides being a slave owner, which clearly in itself is not the biggest issue as many Presidents before the Civil War were slave owners, he stands out as negative for the mass murder of native American (The Trail of Tears), and for his strong condemnation of and efforts to block anti slavery literature from being able to be voiced through the US Mail system, as well as his destruction of the Second National Bank of the United States, which led us into the Panic of 1837.

Keeping Alexander Hamilton on the $10 bill makes total sense, as he was a very constructive and influential figure in many positive ways in our history, while Jackson has so many negatives.

Now, however, it seems that Treasury Secretary Steve Mnuchin is moving toward stopping this change in the $20 bill, due to Donald Trump’s love affair with Jackson, and Trump’s insensitivity to the evil aspects of Jackson’s time in office, and his massive racist viewpoints.

It only adds to the image of Trump as racist, which one would think he would wish to overcome by avoiding changing the well laid plans on the $20 bill.

So there is a behind the scenes attempt to prevent Harriet Tubman from being placed on the $20 bill, and there must be strong public outrage at the idea and reality of such an action.

The 2017 C Span Presidential Survey First Impressions: What It Tells Us

The new 2017 C Span Presidential survey, the third in a series with earlier surveys in 2000 and 2009, reveals a lot about how scholars evaluate Presidents and their performances in office.

The survey is based on 91 Presidential historians judging our Presidents on ten categories, and adding up points to rank the Chief Executives.

What stands out as glaring is that two Presidents with earlier higher ratings have dropped dramatically, as a result of recent research.

Woodrow Wilson’s racism and civil liberties abuses in office have dropped him from 6 to 9 to 11, but with his overall performance still seen as significant enough to be in the top quarter of our 44 Presidents.

Andrew Jackson has dropped from 13 and 13 to 18, and is now behind other 19th century Presidents, including James Monroe, James K. Polk, and James Madison, who he used to be above, and that is clearly due to his anti abolitionist viewpoint and defense of slavery; his native American policy (Trail of Tears); and his destruction of the Second National Bank (causing the Panic of 1837).

One might argue that we should not judge Presidents by our own time and changing views, but it is clear historians do precisely that.

13 Former Presidents And Public Service After The Presidency

With Presidents Day upon us, another interesting point of investigation about the American Presidency is the extent of public service of former Presidents.

The Presidents who remained active public figures after their Presidency, chronologically, were:

President John Quincy Adams (1825-1829), who served as a Congressman from Boston from 1830-1848, dying on the House floor during a debate over expansion of slavery into the territories gained from the Mexican War.

President Martin Van Buren (1837-1841), who after his difficult term in office due to the Panic of 1837, attempted to come back to the Presidency in 1844, failing at that venture, but running as the Presidential candidate of the Free Soil Party in 1848, the forerunner of the Republican Party.

President John Tyler (1841-1845), who renounced his American citizenship, and served for one year in the Confederate Congress before his death in 1862, which was not officially acknowledged by the United States government, due to his treason, as Americans saw it.

President Millard Fillmore (1850-1853), who after completing Zachary Taylor’s unfinished term without much distinction, came back and ran as the Presidential candidate of the American (Know Nothings) Party, an anti immigrant party, in the 1856 Presidential election, winning only Maryland in the Electoral College, and then went back into obscurity.

President Andrew Johnson (1865-1869), who served a few months as US Senator from Tennessee in 1875, serving alongside many of that body who had voted to remove him from office in the Impeachment trial of 1868, but died after those few months in the upper chamber.

President Theodore Roosevelt (1901-1909), who remained active, and ran for President on the third party Progressive Party line in 1912 against his own successor, William Howard Taft, and by running, helped to elect Woodrow Wilson as the next President. He also wrote and made speeches incessantly on every public topic imaginable!

President William Howard Taft (1909-1913), who was appointed Chief Justice of the Supreme Court by President Warren G. Harding in 1921, served nine years, and helped to plan the construction of the Supreme Court Building, which opened five years after he left the Court.

President Herbert Hoover (1929-1933), who served on the Hoover Commission on Organization of the Executive Branch of Government under appointment by President Harry Truman after World War II. Hoover also kept active in writing, and speaking up about public affairs.

President Richard Nixon (1969-1974), stayed active, writing about ten books and doing a lot of traveling around the world, and was an informal adviser to every President after him, including Bill Clinton in whose first term he passed away.

President Jimmy Carter (1977-1981) remained extremely active in his post Presidential years, writing over 20 books, forming the Carter Center to promote peace and diplomacy, and the fight against many diseases, and working for Habitat for Humanity in the construction of housing for the poor. He also had innumerable interviews and constantly spoke his mind on all kinds of domestic and foreign policy issues, and that continues today.

President Bill Clinton (1993-2001) followed in the steps of Jimmy Carter, promoting regular activity through his Clinton Global Initiative, and also promoting earthquake relief in Haiti in 2010 in tandem with President George W. Bush (2001-2009). Also, Clinton was involved in promotion of relief for victims of Hurricane Katrina in 2005 and the Indian Ocean tsunami in 2004 with former President George H. W. Bush (1989-1993). He also has been interviewed regularly and published many books and articles.

So these are the contributions, after being President, of 13 Presidents, and it is highly likely that President Barack Obama will continue that tradition, leaving office, whether in 2013 or 2017, as one of the youngest retired Presidents in our history as a nation!

Right Wing Talk About Impeachment Or Resignation: A Dangerous And Preposterous Idea!

The right wing will stop at nothing to get President Barack Obama out of office!

Talk of impeachment comes from a Texas Republican Congressman Michael Burgess of the Dallas area, the same district that used to be represented by Dick Armey, the head of Freedom Works and promoter of the Tea Party Movement. Burgess’s reasoning is that Obama is totally ineffective and should be removed for that reason, rather than any specific violation of the Constitution.

The concept of impeachment has already been abused, as with the proceeding against former President Bill Clinton in 1998-1999. It is preposterous to say that even if a President is ineffective, which is highly debatable, in the case of Obama, that it should be considered an impeachable offense. In any case, even were an impeachment proceeding to develop, there is no possibility of a two thirds vote in the US Senate to convict and remove the President, and all it would do, therefore, is cause more economic tumult and political disarray, which is precisely what this country does NOT need!

If one wants to place blame for the chaos and tumult going on right now, it must be shared not only by the President and his party, but also, and to a greater extent, the refusal of the Republicans in the House of Representatives, and their extremist Tea Party allies, to negotiate and compromise on any agreement that would raise taxes to help balance out the budget crisis!

But now, we also have right wing critics who are suggesting that the President resign because of lack of public support, and that he first replace Joe Biden as Vice President with someone more unifying. This assumes that Joe Biden would resign, and one wonders who would the right wing prefer to become Vice President temporarily before becoming President. Would the extremists accept Hillary Clinton? Highly doubtful, and in any case, why should the right wing tell us who our President is, when Obama was elected for a four year term and should finish that term, and leave it to the American people as to whether they prefer him or the Republican opponent as their next President!

It would be unprecedented for Obama to resign, even if one thinks of him as a failure, which he is clearly NOT!

Only Richard Nixon has resigned, just 37 years ago on August 9 because of the Watergate Crisis, and that was for criminal activity!

Only Woodrow Wilson secretly planned to resign in 1916 if he lost reelection, with World War I on, and America in danger of getting involved. His secret idea was to hand over the Presidency to his opponent, Charles Evans Hughes, ahead of time, if Hughes had won.

Many Presidents have been seen as failures in different ways, but NEVER has a President resigned because of that belief, and it would destroy the whole American system of government if every time there was discontent, the President should be forced out by resignation.

Think of the many cases that would exist:

1, James Madison, when Washington, DC was attacked by the British, and Congress and the President had to flee, during the War Of 1812.
2. Martin Van Buren, when the country suffered from the Panic of 1837.
3. John Tyler, upon succeeding the dead William Henry Harrison in 1841, being told he was illegitimate even though he had been Vice President.
4. James Buchanan, when we went through the Panic of 1857, and later when the South was seceding from the Union.
5. Abraham Lincoln, when he waged war against the South, and violated civil liberties in wartime for purposes of saving the Union.
6. Andrew Johnson, who was actually impeached but found not guilty, who many wanted to resign as well, because of his opposition to the goals of the Radical Republicans on Reconstruction policy.
7. Ulysses S. Grant, who presided over the worst political corruption up to that point of time, and under whom we suffered from the Panic of 1873.
8.Warren G. Harding, who had the most corrupt administration after Grant, but died just as we learned about the extent of the corruption.
9. Herbert Hoover, who was cautious and ineffective as the Great Depression became the worst economic crisis in American history.
10. Franklin D. Roosevelt, for his controversial domestic and foreign policy actions and strong executive leadership in the time of the Great Depression and World War II.
11. Harry Truman, who many thought should resign after the Republicans won both houses of Congress in 1947-48, and for his Korean War policies.
12. Jimmy Carter, for his ineffective policies on the economy and the Iran hostage crisis.
13. Ronald Reagan, for the Iran Contra scandal which erupted in his second term of office.
14. Bill Clinton, for various accusations of scandals, and for his affair with Monica Lewinsky, which led to impeachment, but not conviction by the Senate.
15. George W. Bush, for taking us into war In Iraq on false pretenses, and reckless spending, creating the debt problems of today.

The answer is NOT to have a President resign, but rather to overcome partisanship in a crisis as we have now, and unite around the President, help him, not attack him, and put COUNTRY FIRST!

The Presidency will be destroyed if we let the naysayers rule the roost, and tell the occupant of the Oval Office to resign, as that will not restore confidence!

We have survived good and bad Presidents, and the answer is to follow the US Constitution and stop this irresponsible attack by the right wing on the Constitution they claim to revere, but in practice violate and abuse on a regular basis!