Misleading Promises Quotes
Republican members of Congress have been publicly calling Democratic Presidents nasty names at several times in History. When President Barack Obama was called a liar at his State of the Union Message, to most people’s shock and distaste, it was following a history of such insulting behavior. In this instance, everything that FDR had predicted for the Dam turned out to be not only true but was an understatement of the economic benefit. It was finished just in time to power the new Aluminum industry that made all the super-bombers and 750 major ships in WWII. Congressman Kulkin was a minor figure in American history who never accomplished much as a Congressman other to insult the President and question his motives.
Marcus Garvey was the best known of the Black leaders of his day. One of his programs for Blacks was to build Black pride by creating a Black owned Steamship Line. He could not get any Bank to finance this enterprise and so he formed his corporation and sold stock in it to Blacks throughout the country. However either Garvey or the people raising the money for him were using illegal means of selling the stock. Du Bois warned his relatives from investing in the Black Star line which went bankrupt as the vessels they bought either sank or floundered. To this day, there are some who believe that the bankruptcy was caused by white establishment harassment of Garvey’s enterprise while other historians believe that while there certainly was white harassment, Garvey’s lack of training and familiarity with the complexities of running a steamship line led to its downfall.
Massachusetts farmers were rioting for such radical ideas as paper money and redistribution of wealth. The rioters were pardoned. See {382315}.
The Register was one of the most widely circulated journals of early America and Niles one of the most popular and influential journalists. Banks at the time could print their own paper money—unregulated by anyone. Often then did so knowing full well that if all the paper money they issued were presented for redemption they could not possible pay, as there was by the resolution of the bank directors not enough gold and silver to redeem all the money. Although few national leaders approved of the practice, it would have then been unthinkable and considered unconstitutional for the Federal government to interfere with a private bank’s right to print money or issue promissory notes regardless of the backing. See John Adams {615650} for a similar view.
