Now in many respects Wall Street runs the government and we have no politicians like Teddy Roosevelt to stand up to them.
Chris Lynch's slanted view on sports, politics and entertainment. Please send thoughts or comments to chris.lynch@gmail.com
Sunday, February 05, 2023
Wall Street vs Federal Government
But [JP] Morgan's view of the President as an equal might have been reasonable given the circumstances: U.S. Steel's revenues that year [1901] were $560 million; the federal government's total revenues through all its taxation powers amounted to $562 million. And Morgan had interests in multiple companies, while poor [Theodore] Roosevelt was a proxy for but one government. - Bhu Srinivasan
Labels:
Americana,
Bhu Srinivasan,
JP Morgan,
Teddy Roosevelt,
US history,
Wall Street
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