Tuesday, June 08, 2004

Back in the 1990s it was Mount Rushmore. Now it's the $10 bill. If this passes, it may be the biggest boost to local community currencies in the United States.
Former president Ronald Reagan's name has been enshrined on everything from an airport outside Washington to a turnpike in Florida to a mountain in New Hampshire. Now his most fervent fans have a new memorial in mind: the $10 bill.
Once Reagan's body has been interred on Friday, leaders of the Ronald Reagan Legacy Project will launch a campaign in Congress to put Reagan's visage in the space now occupied by founding father Alexander Hamilton. . . .

Unlike Reagan, however, Hamilton lacks a modern-day political constituency - one reason that the $10 bill is being targeted. The Federalist Party that Hamilton helped forge is defunct. The Republican Party that Reagan helped restore to power now controls the White House, the Senate and the House of Representatives.

Kentucky Sen. Mitch McConnell, who as majority whip is the No. 2-ranking Republican in the Senate, says he'll sponsor the proposal when the time is right. Robert Stevenson, a spokesman for Senate Majority Leader Bill Frist, R-Tenn., says "there could be a head of steam" behind the idea, especially right after Reagan's death.
Well, it is at least far more appropriate to put Reagan's face on money than his name on an airport, considering what he did to the air traffic controllers' union in 1981.

Why not put Reagan on yet another $1 coin?? The US mint has tried two of these in the past twenty-five years and both times the experiment has gone down to ignominious defeat. I couldn't think of a more appropriate send-off.

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