“When T.R. spoke of ‘swollen fortunes’ and ‘malefactors of great wealth,’ socialism was a genuine force in American politics, perceived by many to pose a serious threat to the social order. When T.R. first called for a ‘graduated income tax’ in his 1907 State of the Union, he was proposing a measure that the Supreme Court had ruled unconstitutional. Indeed, the federal income tax struck down by the Court wasn’t even ‘graduated,’ or progressive; it was a flat-rate tax.” One from a few days ago that Ted at The Late Adopter just reminded me of: As Slate‘s Tim Noah aptly points out, John McCain can either continue to decry Obama’s purported “socialist” tendencies, or he can continue to claim Teddy Roosevelt is his hero, but he cannot plausibly continue to do both.
At the very least, it would seem McCain, what with his coterie of lobbyist attendants, has either never read — or is flagrantly ignoring — TR’s “New Nationalism” speech: “There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done” (See also one of my favorites: “The prime problem of our nation is to get the right type of good citizenship, and, to get it, we must have progress, and our public men must be genuinely progressive.)”