Naturally, I think that the Federalist would see much
today for which there would be affection and much for which there would be
apprehension. The consolidation of the Washington power base lying with businesses and
economic institutions like banks is a Federalist concept that is alive today. The
relationship that Congress and the President have with businesses and commercial
elements are Federalist beliefs. Hamilton and other Federalists were strong advocates
of ensuring that there exist a powerful and potent relationship between businesses and
political centers. When the President and Congressional members need to consult Wall
Street to ensure that Main Street can experience redemption, this is a Federalist
concept. Political power is a realm that is strongly linked to businesses and economic
development, something that is a Federalist construct. In this, they would embrace how
Congress and the President have worked together to ensure this reality. The
relationship between Congress and the President might be challenged or even considered
dysfunctional. However, both rely on the force of money and financial institutions to
such a great extent that this is where power exists for both of them. It is here where
the Federalist would find a level of comfort, for the party advocated this. The
Republican or Jeffersonian notion of smaller government pushing for the rights of
farmers is something absent, demonstrating that this particular argument was won by the
Federalists. They would be happy to see this element in the modern relationship between
the Executive and Legislative branches of government.
Tuesday, February 24, 2015
If Federalists were to time travel to our present, how would they feel about the relationship between the President and Congress?
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