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Showing 3 articles from June 10, 2010.

FrontPage News

WAY TO GO, JACK!
Finally. Somebody is telling the power companies and the PSC they don’t want to play let’s make a deal.
Attorney General Jack Conway and his small band of doughty legal eagles in the public service branch of his office refused to agree to settle the KU and LG & E rate increase cases this week. This decision came despite the agreement of the other intervenors (the US Army, AARP, representatives of low income consumers and large corporate customers, like Wal-Mart) to the settlement.

Way to go, Jack!
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Editorials

Andrew Jackson - history repeating with mega banks
Some called Jackson a tyrant in his second term.
Andrew Jackson - history repeating with mega banks
Andrew Jackson and Banking Crisis of 1833

The recharter of the Bank of the United States became the focus of the presidential campaign of 1832 between Jackson and Clay. The real issue, however, was Jackson. Analysis of Jackson's election victory showed a decline in his support and the rise of a strong opposition.
 
During his second administration, Jackson continued to use the veto and took unprecedented actions: in 1833, without congressional approval, he ordered federal deposits removed from the Bank of the United States and placed in state banks
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Lessons from history: Jackson and Clay and the BUS
Sen. Henry Clay: iconic Kentuckian and foe of Jackson
Lessons from history: Jackson and Clay and the BUS
Jackson had hated what he called “rag, tag banks” since he was a young shopkeeper and land speculator in Tennessee. Favoring hard currency, he believed banks issued “wretched rag money” and the credit they lent only encouraged indebtedness. But Jackson had no particular problem with the Bank of the United States until one was thrust on him in 1832. He was drawn into the bank wars by advisers from Kentucky and Tennessee, who bore grudges for what had happened in 1819, and by bank supporters like Sen. Henry Clay, who thought that making early renewal of the bank’s charter an issue in the upcoming presidential election would split Jackson’s Democrats and secure for Clay’s National Republicans the electoral votes of Pennsylvania, where the bank was based and remained very popular.
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