The Great Regulator…

Who would ever have guess that the title of the “Great Regulator” would be a Republican! That seems totally impossible in today’s world! But that is indeed the case. A hundred years ago Teddy Roosevelt was just that person. He was also called the “Trust Buster” as he took down many of the extremely wealthy of his day. He was also the one who put very high inheritance taxes on those in the 1% of his day.  Here is a little about that from Wikipedia:

Roosevelt responded to public anger over the abuses in the food packing industry by pushing Congress to pass the Meat Inspection Act of 1906 and The Pure Food and Drug Act. The Meat Inspection Act of 1906 banned misleading labels and preservatives that contained harmful chemicals. The Pure Food and Drug Act banned food and drugs that are impure or falsely labeled from being made, sold, and shipped. Roosevelt was also served as honorary president of the school health organization American School Hygiene Association from 1907 to 1908, and in 1909 he convened the first White House Conference on the Care of Dependent Children.

During the Panic of 1907 nearly all agreed that a more flexible system to ensure liquidity was needed – the Republicans sought a response to the money supply by the bankers whereas the Democrats sought government control; Roosevelt was unsure but leaned towards the Republican view while continuing to denounce corporate corruption. Nonetheless, in 1910, Roosevelt commented on “enormously wealthy and economically powerful men” and suggested “a graduated inheritance tax on big fortunes… increasing rapidly in amount with the size of the estate.”

Roosevelt was inclined to extend the regulatory reach of his office. In a moment of frustration, House Speaker Joseph Gurney Cannon commented on Roosevelt’s desire for executive branch control in domestic policy-making: “That fellow at the other end of the avenue wants everything from the birth of Christ to the death of the devil.” Biographer Brands states that, “Even his friends occasionally wondered whether there wasn’t any custom or practice too minor for him to try to regulate, update or otherwise improve.” 

In fact, Roosevelt’s willingness to exercise his power included attempted rule changes in the game of football; at the Naval Academy, he sought to force retention of martial arts classes and to revise disciplinary rules. He even ordered changes made in the minting of a coin whose design he disliked, and ordered the Government Printing Office to adopt simplified spellings for a core list of 300 words according to reformers on the Simplified Spelling Board. He was forced to rescind the latter after substantial ridicule from the press and a resolution of protest from the House.

It seems almost impossible to believe that the great regulator’s party would morph into what is it today. I’m sure if Teddy were around now he would be viciously labeled as a socialist liberal by the Republican establishment.  What happened between then and now to cause this very radical shift in philosophy with the GOP? I kind of believe that it happened because the ultra-rich have pretty much bought that party.  They get the best of the best to keep the spin machine running so they can fool those too lazy to realize just who the owner is now.

We desperately need another person like Teddy to do his thing once again. But this time, unless something very drastic happens, the person will not likely be from the GOP.

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