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    Posted August 23, 2009 by
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    Since the conception of the United States it, has always been a fear to our founding fathers, that the ultimate demise of our republic, would be the entrenched interest of the powerful dictating policy. To try to stave off this possible occurrence, the Constitution was devised to erect three very distinct branches of government: legislative, judicial, and executive. It was their hopes, that the employment of such unique and individual bodies, would balance power.

    Early into our history, the first attack upon this structure, was devised among bankers who held the first central bank charters. Andrew Jackson, aware of this mischief, would later be quoted as saying , "Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

    The price of his astute attention to this matter did not come cheaply, as there was an attempt on his life, which he always attributed to the bankers. He was successful in ending the central banks charter, however. It was not long though, before the bank regained its foothold within the US again. This time, Lincoln had to face off with this powerful force.

    Abraham Lincoln needed money to support the civil war. After he was given the exorbitant interest rate of over 25%, Lincoln balked at such an offer, and resolved to print his own money. He would later be quoted as saying, "I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy..... I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war."

    During the industrial age we saw a new level of power emerge. This was due to the sheer size of corporations, which prior to this age, were unprecedented. The first real battle against these new "corporate giants" came from the progressive party, by way of trust busting. Standard Oil, at that time, controlled 90% of the US oil refineries and most of the oil marketing industry.

    The Sherman Act would result, as a means to control such an act. This legislation was a direct response to the public's opposition to such corporate control over one industry. Further, trusts in other markets were also contrived: railroad, meatpacking, sugar, to name a few. These trusts controlled the market through several methods: (1) buying them out, (2) temporarily undercutting their prices, (3) forcing customers to sign long-term contracts (4) forcing customers to buy unwanted products in order to receive the products they wanted and (5) dispatching thugs to use intimidation and violence when all other means of persuasion failed. The irony was that this act, when used, was NEVER successful. FURTHER, it was dismantled by the American Sugar Refining Company, who, then owned 98% of all sugar refining in the US.

    It has always been the public's outcry, that has tried to end such malevolent ambitions of the corporate giants. Yet, the industrial giants, have responded in kind, with legislation to protect themselves, or repeal acts that enforce basic regulatory "rules".

    Today, the health care issue is in debate. I ask that you reflect upon our history with industry, and impart this historic information, as you consider your stance on reform. Indeed, it is my belief that we are once again being held captive by one industry. I would argue that indeed, this is a modern day Standard Oil case. While there has been no formal "trust" ties that unite all of the insurance companies, there still remains a "fixed" price that is dictated not by the market, but rather, a cohesive alliance among the differing companies. Socialism, historically, has never held a key position within the confines of our government. Indeed, the exact opposite is true, we have always had to safeguard against corporatism.

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