Wag The Dog, Greater Israel, Zionism and its Flatulence. Did Netenjahu Just Fart.

In 1816 the Second Bank of the United States was chartered by President James Madison to restore the United States economy devastated by the War of 1812.^[107] In 1823 President James Monroe appointed Nicholas Biddle, the Bank’s third and last executive, to run the bank. In January 1832, Biddle, on advice from his friends, submitted to Congress a renewal of the Bank’s charter four years before the original 20-year charter was to end.^[108] Biddle’s recharter bill passed the Senate on June 11 and the House on July 3, 1832. Jackson, believing that Bank was fundamentally a corrupt monopoly whose stock was mostly held by foreigners, vetoed the bill. Jackson used the issue to promote his democratic values, believing the Bank was being run exclusively for the wealthy. Jackson stated the Bank made “the rich richer and the potent more powerful”.^[108] The National Republican Party immediately made Jackson’s veto of the Bank a political issue, attempting to undermine Jackson’s popularity.^[109] Jackson’s political opponents castigated Jackson’s veto as “the very slang of the leveller and demagogue”, claiming Jackson was using class warfare to gain support from the common man.^[108]

During the 1832 presidential election the rechartering of the Second National Bank became the primary issue. The election also demonstrated the rapid development and organization of political parties during this time period. The Democratic Party’s first national convention, held in Baltimore, nominated Jackson’s choice for vice president, Van Buren. The National Republican Party, who had held their first convention in Baltimore earlier in December 1831, nominated Henry Clay, senator from Kentucky and former Speaker of the House, and John Sergeant of Pennsylvania.^[108] The Anti-Masonic Party, which had earlier held its convention also in Baltimore in September 1831, nominated William Wirt of Maryland and Amos Elmaker of Pennsylvania; both Jackson and Clay were Masons.^[109] The two rival parties, however, proved to be no match for Jackson’s popularity and the Democratic Party’s strong political networks known as Hickory Clubs in state and local organization. Democratic newspapers, parades, barbecues, and rallies increased Jackson’s popularity. Jackson himself made numerous popular public appearances on his return trip from Tennessee to Washington D.C. Jackson won the election decisively by a landslide, receiving 55 percent of the popular vote and 219 electoral votes. Clay received 37 percent of the popular vote and 49 electoral votes. Wirt received only eight percent of the popular vote and seven electoral votes while the Anti-Masonic Party folded.^[110] Jackson believed the solid victory was a popular mandate for his veto of the Bank’s recharter and his continued warfare on the Bank’s control over the national economy.^[111]