So, while President Jackson also vetoed a bill funding a public works project with only local benefits, President Obama has staked his economic recovery plan on an expansive system of (not quite) shovel-ready crony capitalism (Solyndra, Tesla, Fisker, and the rest) and deepened his party’s commitments to its favorite favor-seekers: non-profit universities with multi-billion dollar endowments, hucksters of anything “green,” Big Labor, Big Media, and, most of all, Big Government itself. Whereas Jackson minimized government spending to limit the burden on the common laborer, President Obama has established a new (health care) entitlement and expanded old ones.
The results have been very different too. President Jackson didn’t just balance the budget; in 1835, he paid off the entire national debt. President Obama, on the other hand, has added more than $40,000 to the national debt for every household in America, while unemployment has stubbornly remained above 8% and dependency on government programs reaches well into the American middle class.
The United States needs a forward-thinking party (or two) that knows from history and experience, like Jackson, that “the rich and powerful too often bend the acts of government to their selfish purposes.” It needs a party to remind Republicans that protecting enterprise is different from promoting Big Business and that the President’s job is to protect the Constitution, not manage the economy. It needs Jackson’s Democrats, not Obama’s.