Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
The Most Exciting Biotech Stock Of The Year? - 17th May 21
Gold Mining Stocks Fundamentals - 17th May 21
Junior Gold Miners Should be Rallying – What’s Holding Them Back? - 17th May 21
Stock Market - Should You Be In Cash Right Now? - 17th May 21
Learning the Financial Markets - 17th May 21
INVESTING IN HIGH RISK TECH STOCKS - ALL OR NOTHING - 16th May 21
Is Stock Market Selling Madness About Over? - 16th May 21
Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
Budgies Birds of Paradise Indoor Grape Vine Singing, Chirping and Flying Parakeets Fun 3D VR180 UK - 16th May 21
Wall Street Roiled by Hot Inflation Data: Is This REALLY “Transitory”? - 16th May 21
Inflation Going Stag - 16th May 21
CHIA Coins After 1st Week of Plotting 140 Plot 14tb Farm. Crunching the Numbers How to Win - 15th May 21
Tips to Create the Best Cross-Functional Teams - 15th May 21
Gold: Lose a Battle to Win the War - 14th May 21
Are You Invested in America’s “Two-Hour Boom” Fast Shipping Stocks? - 14th May 21
Gold to Benefit from Mounting US Debt Pile - 14th May 21
6 Solid Signs You Should Have Your Smart Device Repaired Right Away - 14th May 21
Ways to Finance Your Business Growth - 14th May 21
Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
How Much CHIA Coins Profit from 100 Plot 10tb Farm? Hard Drive Space Mining - 13th May 21
Stock Market Bulls Getting Caught in the Whirlwind - 13th May 21
Legoland Windsor Mini land and Sky Train Virtual Tour in VR 360 - UK London Holidays 2021 - 13th May 21
Peak Growth and Inflation - 13th May 21
Where’s The Fed? Watch Precious Metals For Signs Of Inflation Panic - 13th May 21
Coronavius Covid-19 in Italy in August 2019! - 13th May 21
India Covid Apocalypse Heralds Catastrophe for Pakistan and Bangladesh - 13th May 21
TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
Gold Price During Hyperinflation - 12th May 21
Stock Market Extending Phase Two? - 12th May 21
Crypto 101 for new traders – ETH or BTC? - 12th May 21
Stock Market Enters Early Summer Correction Trend Forecast Time Window - 11th May 21
GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
Cathy Wood Bubble Bursts as ARK Funds CRASH! Enter into a Severe Bear Market - 11th May 21
Apply This Technique to Stop Rushing into Trades - 10th May 21
Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
CHIA Getting Started SSD Crypto Mining by Plotting and Farming on Your Hard Drives Guide - 9th May 21
Yaheetech Mesh Best Cheap Computer /. Gaming Chairs on Amazon Review - 9th May 21
Breaking US Trade Embargo with Cuba - Build 7 Computers in 14 Hours Before Ship Sales Challenge - 9th May 21
Dripcoin Applies New Technology That Provides Faster Order Execution - 9th May 21
Capital Gains Tax Hike News: Was It REALLY to Blame for Sell-off? - 7th May 21
Stock Market Transportation Index Continues To Grind Higher - 7th May 21
SPX Stock Market Correction Arriving or Not? - 7th May 21
How to Invest in an Online Casino? - 7th May 21
Gold & Silver Begin New Advancing Cycle Phase - 6th May 21
Vaccine Economic Boom and Bust - 6th May 21
USDX, Gold Miners: The Lion and the Jackals - 6th May 21
What If You Turn Off Your PC During Windows Update? Stuck on Automatic Repair Nightmare! - 6th May 21
4 Insurance Policies You Should Consider Buying - 6th May 21
Fed Taper Smoke and Mirrors - 5th May 21
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley - 5th May 21
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? - 5th May 21
ROIMAX Trading Platform Review - 5th May 21
Gas and Electricity Price Trends so far in 2021 for the United Kingdom - 5th May 21
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... - 4th May 21
Stock Market SPX Short-term Correction - 4th May 21
Gold & Silver Wait Their Turn to Ride the Inflationary Wave - 4th May 21
Gold Can’t Wait to Fall – Even Without USDX’s Help - 4th May 21
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display - 4th May 21
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship - 4th May 21
AlphaLive Brings Out Latest Trading App for Android - 4th May 21
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! - 3rd May 21
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks - 3rd May 21
MMT: Medieval Monetary Theory - 3rd May 21
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK - 3rd May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

TEDDY ROOSEVELT: US Statism’s Seductive Founder

Politics / US Politics Nov 28, 2013 - 10:30 AM GMT

By: Stephen_Merrill

Politics

A recent work sought to identify and rank in a way the few US Presidents over the past century plus whose policies led to greater freedom in the economy.  That list did not include, Theodore Roosevelt, TR, the trust-busting lion and hero of San Juan Hill.

To the consternation of many, the work ranked two Democrats, Jimmy Carter and Harry Truman, as possibly the greatest presidential freedom fighters for the economy since 1900.  Supporters of several presidents claim other names should have been included, Teddy Roosevelt for one, Ronald Reagan for another and even Bill Clinton.


The guiding hand of both Reagan and Clinton policies in creating our present corrupt financial system and the ongoing debt and currency catastrophe plainly excludes both presidents from freedom fighter credentials overall.  Reagan’s false credentials for such a claim have already been written about by this author.  Clinton’s sole credential for the list, his somewhat balanced budgets, was plainly more due to divided government that to a real change of habits in Washington led by Clinton.

Reagan appointed Alan Greenspan as Fed Chair.  Clinton reappointed Greenspan.  Those acts alone rank both Presidents as class-warrior statists for the rich.

With his taking the Sherman Anti-Trust Act off the shelf long before the Federal Reserve was created, TR though does deserve analysis as an economic freedom fighter overall I concede, if not ultimately a place on the list with the previous four presidents.

A Hero from the Ruling Class


One thing is quite certain; Teddy Roosevelt (1858 – 1919) was the most manly political figure in US history. 

TR left the safety of his Secretary of the Navy post in 1887 to bravely lead the winning cavalry charge against the Spanish in McKinley’s US war of aggression.

As president, TR subjugated the people of The Philippines mercilessly, as well as trouncing on Central America sovereignty several times with the Roosevelt Corollary to the Monroe Doctrine and the covert creation by TR of the nation of Panama. 

TR hunted rhinos in Africa and lived the life of a rancher in the Dakota Territories. 

TR was the president who saved US football from extinction, one of his many passions, by forcing through Presidential demand changes to the rules of the game, including the forward pass

 TR had begun life though as an asthmatic, clumsy boy.   He was born into a family already in the center of wealth and political authority in the United States. 

TR from adolescence purposely put aside the easy life he was born to in favor of endless exploring and conquering both beast and man.  This love of the hard life never ended for TR.

In politics, TR fought even more dangerous prey than wild animals by far in the JP Morgan banking monolith and John D. Rockefeller's Standard Oil. 

 


TR’s life was a struggle in politics from beginning to end as well, the President who ran a Bull Moose Party campaign after already serving two terms in the Presidency, all to defeat the man, President William Howard Taft, TR had endorsed as his Republican successor in office.

The Right Place at the Right Time

TR was lucky enough to be the first President to seriously take up one of the two state interventions that a truly free economy does need; anti-trust law.  Monopoly busting, properly imposed, is pro-liberty, though a messy top-down affair in its application in practice so far. 

But the long term benefits of ending monopoly/oligopoly market control can be seen by those Americans of a certain age today that can remember the vitality, innovation and costs of the telecommunications industry before the breakup of the AT&T “ Ma Bell” monopoly.  Ma Bell, left on its own, might still be offering the nation only landline phones for monthly rent and user fees, especially for long-distance calls.

Succeeding William McKinley as President after McKinley’s assassination in 1901, TR’s Sherman Act suits against Rockefeller’s Standard Oil and Northern Securities, a railroad conglomerate, were largely successful and wildly popular.  The resulting diversification of markets, services and products served the national economy well in the long run. 

Though the Sherman Act had been enacted in 1890 the administrations of Benjamin Harrison and McKinley had no spirit for trust-busting, unlike Roosevelt.

TR was also a natural conservationist, the founder of the first national parks.  So, the other state intervention a free economy actually needs, environmental protection, was also a first of sorts by TR.

With both of these policy areas one must also wonder if TR left a heavy-handed legacy to the few interventions in the economy that are needed.  No political figure embodies the top-down approach more than TR.

Maybe new legislation by TR encouraging competition in oil and kerosene production and sale would have been more effective and less harmful than the trust busting approach TR took. 

Establishing government-owned, rule-bound, patrolled national parks is also an entirely top-down approach to a great national need.

Maybe TR could have accomplished more than a rhetorical war against the parasitic banking of the time if he had ever pushed for more bottom-up ways to do so.

This great figure's dichotomy is maybe best expressed by TR's own prediction concerning the possible causes of the future downfall of the American spirit

"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living, and the get-rich-quick theory of life.” TR, 1918

TR never mentions the loss of liberty as a likely cause of American decline, should it happen.  His list of America’s ills looks vacuous now as the US empire falters.  The world's salvation turned out not to be TR's world of elitism across the globe, far from it.

TR's imperialism led the nation to a bitter century of war across the world.  It is ending now in the final disasters for the US foreign empire. 

TR's taunting of America's yearning for peace rings loudly now a century later.

So, the final words by TR about America proved invalid and hollow, harmful to the American spirit of independence. 

TR’s vision did not work out for the nation nearly as well the breaking up of Standard Oil and the founding of the national parks did.

A Founding Father

TR’s story did not end in 1919 with his death.  His ongoing legacy spans more than a century.

TRs successful, popular free market interventions by the federal government bred the horrific hubris of Woodrow Wilson and even the founding of the nation's greatest bane ever 100 years ago, the third national bank of the United States, a growing parasite as never before.  Wilson bred FDR and then on to LBJ and Obamacare.

A tribalist statist warmonger in the end, Teddy Roosevelt, true man that he was, cannot join a list of Presidents who benefited the US economy overall.   In a large way, TR served as the seed corn for US elitism that is only now reaching its terminal stage. 

It is the history of the Progressive Movement from its founding by TR all of the way to today’s Too Big to Jail and Welfare State world.  Editor

Mr. Merrill served in the Navy Judge Advocate General’s Corps and as a Navy Reserve Intelligence Officer.

Mr. Merrill is the editor of the Alaska Freedom News, formerly the Hampton Roads Freedom News

© 2013 Copyright  Stephen Merrill - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in