Paul Ryan Takes Lincoln's Name in Vain

July 21, 2016 By E.J. Smith - Your Survival Guy

Back when Paul Ryan was still holding out on endorsing Donald Trump as the GOP nominee, he referenced “free trade” as a pillar of the Party of Lincoln. In response, Pat Buchanan put the lie to that claim. Thanks to my client Kushro Ghandi for sending this post along for a look back. Readers very much enjoyed Kushro’s view on this issue posted at Richardcyoung.com earlier in the month.

Pat Buchanan writes:

But when did free trade become dogma in the Party of Lincoln?

As early as 1832, young Abe declared, “My politics are short and sweet, like the old woman’s dance. I am in favor of a national bank … and a high protective tariff. These are my sentiments and political principles.”

Campaigning in 1844, Lincoln declared, “Give us a protective tariff and we will have the greatest nation on earth.”

Abe’s openness to a protective tariff in 1860 enabled him to carry Pennsylvania and the nation. As I wrote in “The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy” in 1998:

“The Great Emancipator was the Great Protectionist.”

During his presidency, Congress passed and Abe signed 10 tariff bills. Lincoln inaugurated the Republican Party tradition of economic nationalism.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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