Showing posts with label Banker’s Revolt. Show all posts
Showing posts with label Banker’s Revolt. Show all posts

Tuesday, May 25, 2021

The American Putsch: The First GOP Coup the Republicans Tried to Whitewash

According to Republicans in Congress, the violent Jan. 6 attack on the national Capitol was little more than a friendly tour of congressional offices by patriotic Americans. On May 12, Rep. Andrew S. Clyde, a Republican from Georgia, downplayed the insurrection as a “normal tourist visit,” despite photographs taken during the attacks showing the retired Navy officer panicking as insurgents tried to bash their way into the House chamber.

Wisconsin Sen. Ron Johnson claimed it was a “false narrative” to say, “there were thousands of armed insurrectionists breaching the Capitol.” This despite the fact four people died because of the riot, including a Capitol police officer who was beaten and spayed with dangerous chemicals, and that dozens of Capitol and municipal police officers suffered severe injuries, including losing fingers and, in one case, an eye. Johnson’s remark also ignores the fact the rioters were armed with firearms, stun guns, bear spray, even a gallows with a hangman’s noose as they chanted “Hang Mike Pence.”

Some congressional Republicans are trying to deflect blame for the assault away from Donald Trump, who incited his extremist MAGA supporters to riot with his “big lie” rhetoric that the November 2020 election was stolen from him. To them, the Trump supporters were peacefully protesting while outside agitators from Black Lives Matters or Antifa were the actual attackers. (To set the record straight, the FBI said the rioters were all Trump supporters, some 400 of which are currently facing assorted federal misdemeanor and felony charges.)

Yet other Republicans are saying the country needs to move forward and leave the past behind. These, of course, are the same GOPers who continue to promote Trump’s big lie about the election.

GOP Opposes Investigation

On May 19, all but 35 of House Republicans voted against a bill establishing a bipartisan committee to investigate who was behind the insurrection. The bill passed, but still faces strong Republican opposition.

As unbelievable as this conduct appears to any truly patriotic American, it’s not unexpected. It isn’t the first time Republicans tried to whitewash an attempted coup by their cohorts. They did the same thing 88 years ago in the aftermath of the Republican-backed American Putsch.

Also referred to as the Banker’s Revolt and the Wall Street Plot, the aborted putsch took place shortly after President Franklin D. Roosevelt took office. The plot involved raising a small army to storm the White House, arrest FDR, and establish a fascist dictatorship. And, despite the GOP's attempt to portray the plot as imaginative thinking, it was in fact a well-organized and well-financed attempt to overthrow the U.S. government that involved top members of the party.

Legendary American Hero

Retired Marine Corps Maj. Gen. Smedley
revealed a 1933 fascist plot that the GOP
tried to whitewash.

Retired Marine Corps Major General Smedley Butler was a legendary American hero. A recipient of two Medal of Honors for combat actions in America's Banana Wars of the early 1900s, he was also lauded for siding with WWI veterans when they were attacked by the Hoover administration during the Great Depression-era Bonus March.

In 1933, Butler was approached by Gerald P. MacGuire, a Wall Street broker, and another man representing wealthy and conservative American bankers and industrialists. The men explained they had been sent to Europe to study fascism and how best to bring it to the United States. Their backers decided a coup was the best idea. They intended to raise an army of disgruntled WWI veterans to attack the White House, dispose FDR, and install a fascist government—and they wanted Butler to lead it.

Butler was no fool. Despite being a legend in the Marine Corps, “Old Gimlet Eye” as he was called was a progressive iconoclast with a reputation for butting heads with the big brass. Butler didn’t dismiss McGuire’s plot, but played along and gathered evidence for the FBI which eventually exposed the conspiracy.

Dismissed by Republicans

Butler’s evidence was immediately dismissed as a hoax by the Republicans and conservative newspapers. Nevertheless, Democrats initiated a congressional investigation by the House Un-American Activities Committee (HUAC). Hampered by recalcitrant Republicans, the HUAC investigation, at best, was proforma, with only Butler and MacGuire called as witnesses and the involvement of several prominent, politically powerful financiers and businessmen ignored.

Nevertheless, HUAC report concluded, "In the last few weeks of the committee's official life it received evidence showing that certain persons had made an attempt to establish a fascist organization in this country. No evidence was presented, and this committee had none to show a connection between this effort and any fascist activity of any European country. There is no question that these attempts were discussed, were planned, and might have been placed in execution when and if the financial backers deemed it expedient."

In other words, the planned coup was entirely the work of wealthy Americans with no help from fascist governments in Europe.

No one was ever charged in the coup attempt, largely because FDR suppressed the most damning evidence fearing it would cause a public uprising. The Republicans continued to whitewash the plot, dismissing it as a ruse even to this day. Transcripts of the HUAC testimony was finally made public in 1967. The BBC added more substance to the coup story, reporting in 2017 that one plotter was none other than Wall Street investor Prescott Bush, future U.S. senator, and father and grandfather of two American presidents. Bush was a well-known supporter of Hitler's rise to power and was prosecuted for continuing to do business with the Nazis even after Hitler declared war on the United States in 1941.

Unparalleled Parallels

The parallels between the American Putsch and the Jan. 6 Insurrection are obvious: Trump’s incitement of the riot to overthrow the election of President Joe Biden, and Prescott Bush’s and his cronies’ attempt to incite a rebellion to overthrow the election of FDR. Only the Trump Putsch was put into motion, and it was violent. Unlike the American Putsch, Congress doesn’t need to rely on the testimony of two individuals. There are hundreds of hours of video taken by the news media and security cameras. Dozens of police officers have described the viciousness of the attack. Most important, there is video of Trump and several congressional Republicans inciting the seditionists, and evidence some of those members of Congress may have taken part in its planning. In fact, some of the House Republicans who voted against the House investigation are expected to be called as witnesses. Of course, they want to limit their culpability by downplaying the seriousness and violence of the revolt.

All this raises a question too few are willing ask: Should a political party whose members were involved in two coup attempts to overthrow American democracy be allowed to continue?

 

More reading on the American Putsch:

 Gerald MacGuire and the Plot to Overthrow Franklin Roosevelt

The Wall Street Putsch: Did Fascist Bankers try to Overthrow Franklin Roosevelt?