Portside

Jackson is regarded as the first populist president; his purported connection to the ordinary people from which he sprang is the stuff of legend. Hailed as an economic populist for having opposed the creation of a centralized bank, instead he favored local banks. And it was local banks that backed Jackson and his friends, who all reaped rewards from the Indian removal policy.

Thoughts that huge tax cuts to high-income households will offset a downturn in automobile sales, cuts in public spending, rising college tuition or a dismantling of the health sector are irrational. If theFed raises interests rates, it will threaten a more fragile economy than appears at the moment. The drive to be “normal” in a world that is clearly not normal, may put us in danger of a downturn that will be difficult to recover from.

When Irish left-wing labor leader James Larkin arrived in the United States he joined the Industrial Workers of the World (Wobblies) and the Socialist Party. A supporter of the Bolshevik Revolution, Larkin was arrested during the 1919 Red Scare and sentenced to hard labor at Sing Sing. There he was visited by Charlie Chaplin who described the prison as "grimly medieval," and wondered "what fiendish brain could conceive of building such horrors."