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Paul Krugman begins, "There was a time when Republicans used to refer to themselves, proudly, as 'the party of Lincoln.' But you don't hear that line much these days. Why? The main answer, presumably, lies in the GOP's decision, long ago, to seek votes from Southerners angered by the end of legal segregation. With the old Confederacy now the heart of the Republican base, boasting about the party's Civil War-era legacy is no longer advisable."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)

Abraham Lincoln, Inflationist

By Paul Krugman, The New York Times

11 February 11

There was a time when Republicans used to refer to themselves, proudly, as "the party of Lincoln." But you don't hear that line much these days. Why?

The main answer, presumably, lies in the GOP's decision, long ago, to seek votes from Southerners angered by the end of legal segregation. With the old Confederacy now the heart of the Republican base, boasting about the party's Civil War-era legacy is no longer advisable.

But sooner or later, Republicans were bound to notice other reasons to disavow Lincoln. He was, after all, the first president to institute an income tax. And he was also the first president to issue a paper currency - the "greenback" - that wasn't backed by gold or silver. "There is nothing more insidious that a country can do to its people than to debase its currency," declared Representative Paul Ryan in one of two hearings Congress held on Wednesday on monetary policy. So much, then, for the Great Liberator.

Which brings me to the story of what went on in those monetary hearings.

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+4 # futhark 2011-02-12 03:52
Yeah, Abraham Lincoln signed the Legal Tender Act of 1862 on February 25, 1862, authorizing the federal government to issue "United States Notes", fiat money without the backing of gold or silver, to pay off debts incurred in the Civil War without having to raise taxes. The Democrat Party at that time had promoted "hard currency" since the time of Andrew Jackson and Senator Thomas Hart "Old Bullion" Benton of Missouri. Of course, now the printing of intrinsically worthless paper money has been subcontracted out to the Federal Reserve System, successor to the Second National Bank of the United States, which Democrat president Andrew Jackson labored so mightily to abolish.
 
 
+8 # portiz 2011-02-12 04:37
Lest us not forget that the GOP/TEA/Me Party is not about truth, it's about SPIN. Now that it's not convenient to associate themselves with Lincoln, they'll move onto someone else.

Maybe they should start calling themselves "The Party of Bush, Beck, and Palin"?
 
 
-9 # lnason@umassd.edu 2011-02-12 05:01
Krugman's facts are incorrect. Republicans do still often call themselves the "Party of Lincoln" -- I get at least one mailing from them every month that uses the phrase (often from one of their several subsidiary groups focussing on recruiting and running candidates of color).

By implication, Krugman is also living in the past when he implies that racism is a major factor in the south. When I was a kid, ubiquitous racism in the south was being challenged but these days southerners are very likely to embrace inclusion and be proud of it.

He, like many of his ideological bent, conflates fiscal conservativism with racism and that conflation is false as can be seen by the growing number of minority group leaders and candidates that were nominated and, in a few cases elected, by fiscal conservatives -- some of them even from the south.

If we can dislodge the assumption that "fiscal conservatism equals racism", we might eventually have a civil dialogue on the merits of the economic policy case but as long as name-callers like Krugman lead the pack, rancor is sure the reign.

Lee Nason
New Bedford, Massachusetts
 
 
+9 # Interested Observer 2011-02-12 06:55
The GOP franchise on the phrase "party of Lincoln" officially expired the day the GOP accepted Strom Thurmond as a member, or should have in the mind of any sentient being even slightly aware of U.S. history. That event was equivalent to the flat lining of whatever Lincoln legacy remained.
 
 
+10 # Mike K 2011-02-12 10:24
Lincoln would have nothing do with the modern Republican Party, it's now far more the party of Jefferson Davis (President of the Confederacy), Nathan Bedford Forrest (former slave trader and Confederate General as well as a high ranking Klansmen), Warren G. Harding and Herbert Hoover than that of Lincoln.
 
 
+3 # robhood 2011-02-12 18:00
I'm not so sure that Lincoln was that much different from the others you name. After all, before he became president, Lincoln was the chief lawyer for most of the railroad tycoons. Lincoln also defended slave owners, and had more than 1 run-away slave returned to his "owner". And, Lincoln never intended to end slavery, saying that if he could, he would restore the union without freeing 1 slave, if he had to. The Emancipation proclamation was written as a last-ditch effort to save a losing union, (and it helped turn the tide).
But, the point is, Lincoln was the presidential choice of the railroad and banking elite of his day. So, really, the Republican party has pretty much stayed true to form, backing the candidate of the elite to this day.
 
 
+3 # Lisa D 2011-02-12 12:53
they need to just call themselves what they are: "the party of Reagan" ... plain and simple
 
 
0 # wfalco 2011-02-12 15:04
Quoting Lisa D:
they need to just call themselves what they are: "the party of Reagan" ... plain and simple


Ditto!
 
 
+2 # Jorge 2011-02-13 23:11
We have high-school kids in the SF East Bay wearing shirts and hats with Confederate flags on them. I suppose their Republican parents would like to return America to the old plantation days.
 

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