A Black Day on Wall Street but a Rare Moment doing Jefferson Proud

The Market made for a deep dive today as to be expected from the unexpected vote in The United States House of Representatives but its from such days that really put Wall Street into one of its temper tantrums tanks… And one of those rare moments, that occur from time to time, which would in another place in time, place a broad smile on Jefferson’s face.  In the face of all the fear mongering, saber rattling, politicking, emerges rare courage in congress… Which compels men to do the right thing, simply because it is the right thing to do.

Let us, then, with courage and confidence pursue our own Federal and Republican principles, our attachment to union and representative government. Kindly separated by nature and a wide ocean from the exterminating havoc of one quarter of the globe; too high-minded to endure the degradations of the others; possessing a chosen country, with room enough for our descendants to the thousandth and thousandth generation; entertaining a due sense of our equal right to the use of our own faculties, to the acquisitions of our own industry, to honor and confidence from our fellow-citizens, resulting not from birth, but from our actions and their sense of them; enlightened by a benign religion, professed, indeed, and practiced in various forms, yet all of them inculcating honesty, truth, temperance, gratitude, and the love of man; acknowledging and adoring an overruling Providence, which by all its dispensations proves that it delights in the happiness of man here and his greater happiness hereafter—with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.

A bit wordy for basically saying (cutting to the chase) Keep Government out of business, commerce and industry. It can only do harm. Let the free markets work and sort things out as they will surely do. Treasury bonds aside, the business of exchange of buying or selling of commodities is best left to business. Especially in these times when you have multi million dollar lobbyist currying special favors in just about every flavor covering all corners of Washington DC. It really did not appear that Congress could muster a backbone in the whole entire lot of them… It was the leadership that was clearly abysmal but in spite of it all (Terrible leadership from the top down) Congress did the “Peoples” business and protected the peoples dollars from the foolishness, and folly that landed the markets in their present unpleasing situation. Sure things will always fall upon the little guy the hardest… But today was one of those rare moments that Americans prevailed over special interest. But in a larger sense it was The Constitution… A victory for Freedom! Simply amazing.

The Untied States House Of Representatives doing a fine job in a defining moment… Something of a divine intervention no doubt.

Tags: The Constitution of the Untied States of America, Thomas Jefferson, Untied States House Of Representatives