Sunday, September 29, 2013

Fourteenth Amendment to the United States Constitution by Wikipedia

The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.
Its Citizenship Clause provides a broad definition of citizenship that overruled the Supreme Court's ruling in Dred Scott v. Sandford (1857) that had held that black people could not be citizens of the United States.[1]
Its Due Process Clause prohibits state and local governments from depriving persons of life, liberty, or property without certain steps being taken to ensure fairness. This clause has been used to make most of the Bill of Rights applicable to the states, as well as to recognize substantive and procedural rights.
Its Equal Protection Clause requires each state to provide equal protection under the law to all people within its jurisdiction. This clause was the basis for Brown v. Board of Education (1954), the Supreme Court decision which precipitated the dismantling of racial segregation in United States education. In Reed v. Reed (1971), the Supreme Court ruled that laws arbitrarily requiring sex discrimination violated the Equal Protection Clause.

Text
Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.Section 2. Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.
Section 3. No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may, by a vote of two-thirds of each House, remove such disability.
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.
Validity of public debtSection 4 confirmed the legitimacy of all United States public debt appropriated by the Congress. It also confirmed that neither the United States nor any state would pay for the loss of slaves or debts that had been incurred by the Confederacy. For example, during the Civil War several British and French banks had lent large sums of money to the Confederacy to support its war against the Union.[47] In Perry v. United States (1935), the Supreme Court ruled that under Section 4 voiding a United States government bond "went beyond the congressional power."[48]The United States debt-ceiling crisis in 2011 raised the question of what powers Section 4 gives to the President. Under the current law, the executive branch of the government (which includes the Treasury and the President) is obligated to carry out all appropriations authorized by the Congress. It has been argued that, in the presence of conflicting statutes (a federal budget statute, which instructs the Treasury to spend a certain amount of money, and a debt ceiling statute, which limits the amount of money that the Treasury is allowed to borrow in process), the statute that was passed more recently "wins"; therefore, in this situation, the President may simply instruct the Treasury to continue issuing bonds beyond the ceiling. Furthermore, such an instruction may be difficult to challenge in court, because it would take a joint resolution of both chambers of Congress to get standing to challenge it.[49] In addition, it has been observed by many, such as legal scholar Garrett Epps, fiscal expert Bruce Bartlett and Treasury Secretary Timothy Geithner, that the debt ceiling itself may be unconstitutional and therefore void as long as it interferes with the duty of the government to pay interest on outstanding bonds and to make payments owed to pensioners (that is, Social Security recipients).[50][51]
The issue of what effect Section 4 has regarding the debt ceiling remains unsettled.[52] Legal analyst Jeffrey Rosen has argued that Section 4 gives the President unilateral authority to raise or ignore the national debt ceiling, and that if challenged the Supreme Court would likely rule in favor of expanded executive power or dismiss the case altogether for lack of standing.[53] Erwin Chemerinsky, professor and dean at University of California, Irvine School of Law, has argued that not even in a "dire financial emergency" could the President raise the debt ceiling as "there is no reasonable way to interpret the Constitution that [allows him to do so]".[54]

Power of enforcement

Section 5, the last section, was construed broadly by the Supreme Court in Katzenbach v. Morgan (1966).[55] However, the Court, in City of Boerne v. Flores (1997), said:
Any suggestion that Congress has a substantive, non-remedial power under the Fourteenth Amendment is not supported by our case law.[56]

Proposal and ratification

The 39th United States Congress proposed the Fourteenth Amendment on June 13, 1866.
Ratification of the Fourteenth Amendment was bitterly contested: all the Southern state legislatures, with the exception of Tennessee, refused to ratify the amendment. This refusal led to the passage of the Reconstruction Acts. Ignoring the existing state governments, military government was imposed until new civil governments were established and the Fourteenth Amendment was ratified.[57]
By July 9, 1868, three-fourths of the states (28 of 37) ratified the amendment:[58
http://en.wikipedia.org/wiki/Fourteenth_Amendment_to_the_United_States_Constitution#Validity_of_public_debt

Sunday, June 2, 2013

What You Need to Know About the Chained CPI from AARP

5 Reasons Chained CPI Is Bad For Social Security 

1. Chained CPI compounds over time. 
As a result of a chained CPI, there will be a 0.3% annual cut in Social Security cost of living adjustments (COLAs). Since this compounds over time, it would end up cutting the equivalent of one full month of benefits each year from a 92-year-old beneficiary. And it’s not a small cut overall – Social Security loses $112 billion over the next 10 years.

2. The greatest impact will be on the most vulnerable older Americans.
As retirees age, they have less income, fewer financial assets, and are more dependent on Social Security. Specifically, women tend to live longer than men and tend to have lower incomes, so women and poorer households are more at risk of falling into poverty with any cuts to Social Security.

3. Benefits for disabled and retired veterans would be cut.
3.2 million disabled veterans and another 2 million military retirees would see their benefits cut if chained CPI is adopted. Permanently disabled veterans who started receiving disability benefits at age 30 would see their benefits cut by more than $1,400 a year at age 45, $2,300 a year at age 55 and $3,200 a year at age 65.

4. Chained CPI is a less accurate measure of inflation
Since retirees spend much more on medical care than working-age Americans, the current CPI calculations already underreport the rapidly increasing health care costs experienced by seniors. Moving to a chained CPI would exacerbate the gap between formula and actual costs.

5. Social Security does not drive deficits, and should not be cut as part of a budget deal.
Social Security is a separately financed, off-budget program – it is not a driver of deficits in the rest of the budget. Any changes to Social Security should be handled separately, not as part of a budget deal that focuses on near-term savings that harm current retirees.
====================================================================
Here's how the budget proposal now being considered by Congress and the president could cut the value of your Social Security benefit

Most everyone has heard of the Consumer Price Index, or CPI. It's used to make the annual cost-of-living adjustments in Social Security and other federal programs that help millions of seniors keep up with inflation. But do you know about the chained CPI?

See also: Chained CPI Calculator: How much would your benefit be cut?

In an AARP whiteboard video, David Certner, AARP director of legislative policy, explains why a proposal that some politicians in Washington are pushing to cut federal spending may seem like a little thing, but in truth it could have a big impact on Social Security and veterans benefits.

http://action.aarp.org/site/PageNavigator/SocialSecurityCalculator.html

http://blog.aarp.org/2013/02/11/5-reasons-chained-cpi-is-bad-for-social-security/

http://www.aarp.org/politics-society/advocacy/info-03-2013/what-you-need-to-know-about-chained-cpi.html

Sunday, May 12, 2013

It Is Time

It is time to reestablish that culture that our Forefathers lived and died to create, not in merely the words, but the deeds. It is time.

On the Statue of Liberty are inscriptions about giving Americans the tired, the poor, and the huddled masses yearning to breathe free. It is time to actually fulfill that promise and give our Latino brothers and Latina sisters that promised freedom. It would appear we, like some Madison Avenue advertising agency have shown the slogans, yet denied the reality to much of Latin America. We seem to say you cannot attempt to cross the border illegally, and have children in the United States, and you cannot become a citizen. Many have lived here for over twenty years and have as many as three generations in America, but are still considered illegal and must constantly be on constant vigil against reprisal.

Every one knows that conditions south of our borders have long been devoid of the opportunity to allow families to grow and prosper with a life style that rewards ability and enlarges the middle class. They have struggled to get here and died in closed freight trailers on some lonely desert or fallen prey to rings exploiting them into prostitution and economic slavery. They must keep watching with a constant eye for immigration and threats to be deported should they try to get better wages or living conditions. Mexicans in particular have migrated in large numbers to America to provide for their families in land that once was in fact theirs. Additionally Latinos from Latin and Central America have come here to escape political and economic hardships. Their children have grown up here and seen the hypocrisy between what we do and what we say we do.

America should be the literal shining beacon of hope and justice for immigrants, but most with the exception of the first Europeans who crossed the ocean shores, have had to suffer until they were assimilated and accepted into a kinder, gentler society. There were Irish, Italian, Jewish, Black, and Oriental slums and repressions. And so, there are now Latinos marching, shouting, and asking for justice in the American mosaic that is our culture.

People that have been here ten years should be on a fast track toward citizenship. Those that have lived in America and have two or more generations that are native born and lived here have earned that right. People that have lived here and been gainfully employed for five years should have that right as well. We should reform the hiring laws to penalize those that hire illegal workers and have degrees of legal work status for those that desperately seek jobs and enrich, not detract from our culture. Parents of children born here need to be able to remain and provide for their families. An Amnesty Day must be set and adhered to that is fair and real. We must retain the heritage to the claim of the Land of Opportunity and Freedom.

From Liberty Enlightening the World is its inscription by Emma Lazarus:

Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries she
' With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!"


It is time to reestablish that culture that our Forefathers lived and died to create, not in merely the words, but the deeds. It is time.

by Thomas P Love

http://tomlovetexas.blogspot.com/2007/10/it-is-time.html

Saturday, January 12, 2013

Fourteenth Amendment to the United States Constitution by Wikipedia

The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.
Its Citizenship Clause provides a broad definition of citizenship that overruled the Supreme Court's ruling in Dred Scott v. Sandford (1857) that had held that black people could not be citizens of the United States.[1]
Its Due Process Clause prohibits state and local governments from depriving persons of life, liberty, or property without certain steps being taken to ensure fairness. This clause has been used to make most of the Bill of Rights applicable to the states, as well as to recognize substantive and procedural rights.
Its Equal Protection Clause requires each state to provide equal protection under the law to all people within its jurisdiction. This clause was the basis for Brown v. Board of Education (1954), the Supreme Court decision which precipitated the dismantling of racial segregation in United States education. In Reed v. Reed (1971), the Supreme Court ruled that laws arbitrarily requiring sex discrimination violated the Equal Protection Clause.

Text
Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.Section 2. Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.
Section 3. No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may, by a vote of two-thirds of each House, remove such disability.
Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.
 
Validity of public debtSection 4 confirmed the legitimacy of all United States public debt appropriated by the Congress. It also confirmed that neither the United States nor any state would pay for the loss of slaves or debts that had been incurred by the Confederacy. For example, during the Civil War several British and French banks had lent large sums of money to the Confederacy to support its war against the Union.[47] In Perry v. United States (1935), the Supreme Court ruled that under Section 4 voiding a United States government bond "went beyond the congressional power."[48]

The United States debt-ceiling crisis in 2011 raised the question of what powers Section 4 gives to the President. Under the current law, the executive branch of the government (which includes the Treasury and the President) is obligated to carry out all appropriations authorized by the Congress. It has been argued that, in the presence of conflicting statutes (a federal budget statute, which instructs the Treasury to spend a certain amount of money, and a debt ceiling statute, which limits the amount of money that the Treasury is allowed to borrow in process), the statute that was passed more recently "wins"; therefore, in this situation, the President may simply instruct the Treasury to continue issuing bonds beyond the ceiling. Furthermore, such an instruction may be difficult to challenge in court, because it would take a joint resolution of both chambers of Congress to get standing to challenge it.[49] In addition, it has been observed by many, such as legal scholar Garrett Epps, fiscal expert Bruce Bartlett and Treasury Secretary Timothy Geithner, that the debt ceiling itself may be unconstitutional and therefore void as long as it interferes with the duty of the government to pay interest on outstanding bonds and to make payments owed to pensioners (that is, Social Security recipients).[50][51]
The issue of what effect Section 4 has regarding the debt ceiling remains unsettled.[52] Legal analyst Jeffrey Rosen has argued that Section 4 gives the President unilateral authority to raise or ignore the national debt ceiling, and that if challenged the Supreme Court would likely rule in favor of expanded executive power or dismiss the case altogether for lack of standing.[53] Erwin Chemerinsky, professor and dean at University of California, Irvine School of Law, has argued that not even in a "dire financial emergency" could the President raise the debt ceiling as "there is no reasonable way to interpret the Constitution that [allows him to do so]".[54]

Power of enforcement

Section 5, the last section, was construed broadly by the Supreme Court in Katzenbach v. Morgan (1966).[55] However, the Court, in City of Boerne v. Flores (1997), said:
Any suggestion that Congress has a substantive, non-remedial power under the Fourteenth Amendment is not supported by our case law.[56]

Proposal and ratification

The 39th United States Congress proposed the Fourteenth Amendment on June 13, 1866.
Ratification of the Fourteenth Amendment was bitterly contested: all the Southern state legislatures, with the exception of Tennessee, refused to ratify the amendment. This refusal led to the passage of the Reconstruction Acts. Ignoring the existing state governments, military government was imposed until new civil governments were established and the Fourteenth Amendment was ratified.[57]
By July 9, 1868, three-fourths of the states (28 of 37) ratified the amendment:[58
http://en.wikipedia.org/wiki/Fourteenth_Amendment_to_the_United_States_Constitution#Validity_of_public_debt

Saturday, December 15, 2012

A Day in the Life: Delusion verses Reality

I never saw anyone hunt for game with semiautomatic weapons, but far too often, they have been used to kill lots of people quickly.When I wrote this in April 2007, we had just had one of a series of events that highlighted a reason to ask why and how can we prevent the mass killings. Now we have suffered many more of the same type of events with almost no action but  political theater. How many deaths will it take to achieve true awareness. Some say guns protect from gun violence, but at Fort Hood Army Base not even soldiers were immune and they indeed carry guns.

As I watched the news of the tragedy at Virginia Tech in Blacksburg, Virginia unfold, I thought of my own experiences with the mental health system in America. I have two step sons that have paranoid schizophrenia, and when they are taking their medication, they are not psychotic. The struggle to help them to lead meaningful and productive lives has encompassed the last twenty years of our existence. Once you have encountered the right of a mentally unbalanced person to not take their medicine, even though there is no possible way they can rationally make that essential decision; and then the criteria that they must actually be an immediate threat to themselves or others to get help to not be a threat, can you fully ask the question: which is more insane, the illness or the system?

I hear people debate whether to have more gun control or not despite the statistic that in gun deaths unrelated to wars, America has more gun deaths than all the rest of the world combined. In fact, we have 83% of the world’s gun non-military related deaths since 1980. But the question how an unmedicated mentally unbalanced person could seemingly legally buy two guns and then kill thirty-two people is answered that Virginia does not report mentally impaired individuals to the very data Federal base that determines if someone can legally buy a weapon. Why? Simply put, it is not illegal to be psychotic, but to not treat that psychosis is also not illegal.

I hear people say that mentally unbalanced people, that really want to kill people, can use other weapons. That is undeniably true. There is the case of a young woman being shoved into an oncoming train from a passenger platform by an unmedicated delusional individual that perceived her as an imaginary threat. If one wishes, one could possibly connect airline hijacking to unbalanced minds. However; that perceived threat met an immediate cry to safeguard boarding and passenger loading all across America. We have sky marshals and airline check-in procedures at all airports in every terminal, but we have averaged as many as thirty thousand gun deaths in America yearly since 1980. Why?

How many of these have been at the hands unbalanced individuals, one only can guess, but guns are not the main problem of society verses the individual on mental health. The root cause is proper treatment when that treatment is needed and the monitoring of that sick mind so that they can resume being a contributing member of society, not a potential time bomb that must explode to get the very help needed to prevent tragedy. I recently asked the question why mental health workers and social workers cannot help make sure ill and chemically imbalanced individuals take their medicine, and was met with the response that it’s not in the budget. Why? The next time a sick individual lets loose their unmedicated delusions and your loved one dies, will you be satisfied with that response?

_Thomas P Love 04/17/07

 Wall Street Journalreported, only 12 states account for the majority of mental health records in the FBI database. Mayors Against Illegal Guns, co-chaired by New York City Mayor Michael Bloomberg, reported that 19 states have each submitted less than 100 mental health records to the FBI database.

http://www.alternet.org/34ths-states-ignore-mental-illness-background-checks-gun-buyers?akid=9851.38024._JrUQE&rd=1&src=newsletter766339&t=2
 

Wednesday, December 5, 2012

The Fiscal Cliff Explained By Thomas Kenny

“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect.
Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law. At the same time, the spending cuts agreed upon as part of the debt ceiling deal of 2011 will begin to go into effect. According to Barron's, over 1,000 government programs - including the defense budget and Medicare are in line for "deep, automatic cuts."
In dealing with the fiscal cliff, U.S. lawmakers have a choice among three options, none of which are particularly attractive:
  • They can let the current policy scheduled for the beginning of 2013 – which features a number of tax increases and spending cuts that are expected to weigh heavily on growth and possibly drive the economy back into a recession – go into effect. The plus side: the deficit, as a percentage of GDP, would be cut in half.
  • They can cancel some or all of the scheduled tax increases and spending cuts, which would add to the deficit and increase the odds that the United States could face a crisis similar to that which is occurring in Europe. The flip side of this, of course, is that the United States' debt will continue to grow.
  • They could take a middle course, opting for an approach that would address the budget issues to a limited extent, but that would have a more modest impact on growth.
Can a Compromise be Reached?
The oncoming fiscal cliff is a concern for investors since the highly partisan nature of the current political environment could make a compromise difficult to reach. This problem isn’t new, after all: lawmakers have had three years to address this issue, but Congress – mired in political gridlock – has largely put off the search for a solution rather than seeking to solve the problem directly. Republicans want to cut spending and avoid raising taxes, while Democrats are looking for a combination of spending cuts and tax increases. Although both parties want to avoid the fiscal cliff, compromise is seen as being difficult to achieve – particularly in an election year. There's a strong possibility that Congress won't act until the eleventh hour. Another potential obstacle is that the next Congress won't be sworn in until January 3, after the deadline.
The most likely outcome is another set of stop-gap measures that would delay a more permanent policy change until 2013 or later. Still, the non-partisan Congressional Budget Office (CBO) estimates that if Congress takes the middle ground – extending the Bush-era tax cuts but cancelling the automatic spending cuts – the result, in the short term, would be modest growth but no major economic hit.
Possible Effects of the Fiscal Cliff
If the current laws slated for 2013 go into effect, the impact on the economy could be dramatic. While the combination of higher taxes and spending cuts would reduce the deficit by an estimated $560 billion, the CBO estimates that the policies set to go into effect would cut gross domestic product (GDP) by four percentage points in 2013, sending the economy into a recession (i.e., negative growth). At the same time, it predicts unemployment would rise by almost a full percentage point, with a loss of about two million jobs. A Wall St. Journal article from May 16, 2012 estimates the following impact in dollar terms: “In all, according to an analysis by J.P. Morgan economist Michael Feroli, $280 billion would be pulled out of the economy by the sunsetting of the Bush tax cuts; $125 billion from the expiration of the Obama payroll-tax holiday; $40 billion from the expiration of emergency unemployment benefits; and $98 billion from Budget Control Act spending cuts. In all, the tax increases and spending cuts make up about 3.5% of GDP, with the Bush tax cuts making up about half of that, according to the J.P. Morgan report.” Amid an already-fragile recovery and elevated unemployment, the economy is not in a position to avoid this type of shock.
The cost of indecision is likely to have an effect on the economy before 2013 even begins. The CBO anticipates that a lack of resolution will cause households and businesses to begin changing their spending in anticipation of the changes, possible reducing GDP before 2012 is even over.
Having said this, it's important to keep in mind that while the term “cliff” indicates an immediate disaster at the beginning of 2013, the impact of the changes - while destructive over a full year - will be gradual at first. What's more, Congress can act to change laws retroactively after the deadline. As a result, the fiscal cliff won't necessarily be an impediment to growth even if Congress doesn't address the issue until after 2013 has already begun.
The Next Crisis
Unfortunately, the fiscal cliff isn't the only problem facing the United States right now. At some point in the first quarter, the country will again hit the "debt ceiling" - the same issue that roiled the markets in the summer of 2011 and prompted the automatic spending cuts that make up a portion of the fiscal cliff.

http://bonds.about.com/od/Issues-in-the-News/a/What-Is-The-Fiscal-Cliff.htm

To learn more about this issue, see my article What is the Debt Ceiling? A Simple Explanation of the Debate and Crisis

Saturday, November 24, 2012

Henry A. Wallace from Wikipedia

Henry Agard Wallace (October 7, 1888 – November 18, 1965) was the 33rd Vice President of the United States (1941–1945), the Secretary of Agriculture (1933–1940), and the Secretary of Commerce (1945–1946). In the 1948 presidential election, Wallace was the nominee of the Progressive Party.

Henry A. Wallace, son of Henry Cantwell Wallace, a farmer, journalist, and political activist, was born on October 7, 1888, at a farm near the village of Orient, Iowa, in Adair County.[1] Wallace attended Iowa State College at Ames, Iowa. At Iowa State he became a friend of George Washington Carver, and they spent time together collecting botanical specimens. Wallace graduated in 1910 with a bachelor's degree in animal husbandry. He worked on the editorial staff of the family-owned paper Wallaces' Farmer in Des Moines from 1910 to 1924, and he edited this publication from 1924 to 1929. Wallace experimented with breeding high-yielding hybrid corn, and he wrote a good number of publications on agriculture. In 1915, he devised the first corn-hog ratio charts indicating the probable course of markets. Wallace was also a self-taught "practicing statistician",[2] co-authoring an influential article with George W. Snedecor on computational methods for correlations and regressions[3] and publishing sophisticated statistical studies in the pages of Wallaces’ Farmer. Snedecor eventually invited Wallace to teach a graduate course on least squares.[4]
With an inheritance of a few thousand dollars that had been left to his wife, the former Ilo Browne, whom he married in 1914, Wallace founded the Hi-Bred Corn Company in 1926, which later became Pioneer Hi-Bred, a major agriculture corporation, acquired in 1999 by the Dupont Corporation for approximately $10 billion.
Wallace was raised as a Presbyterian, but left that denomination early in life. He spent most of his early life exploring other religious faiths and traditions. For many years, he had been closely associated with famous Russian artist and writer Nicholas Roerich. According to Arthur Schlesinger, Jr., "Wallace's search for inner light took him to strange prophets.... It was in this search that he encountered Nicholas Roerich, a Russian emigre, painter, theosophist. Wallace did Roerich a number of favors, including sending him on an expedition to Central Asia presumably to collect drought-resistant grasses. In due course, H.A. [Wallace] became disillusioned with Roerich and turned almost viciously against him."[5] Wallace eventually settled on Episcopalianism.
Henry Wallace was also a Freemason and attained the 32nd Degree in the Scottish Rite.
Secretary of Agriculture
In 1933, President Franklin D. Roosevelt appointed Wallace United States Secretary of Agriculture in his Cabinet, a post his father, Henry Cantwell Wallace, had occupied from 1921 to 1924. Henry A. Wallace had been a liberal Republican, but he supported Roosevelt's New Deal and soon switched to the Democratic Party. Wallace served as Secretary of Agriculture until September 1940, when he resigned, having been nominated for Vice President as Roosevelt's running mate in the 1940 presidential election. During his tenure as U.S. Secretary of Agriculture he ordered a very unpopular strategy of slaughtering pigs and plowing up cotton fields in rural America to drive the price of these commodities back up in order to improve American farmers' financial situation. He also advocated the ever-normal granary concept.

 Vice President

Wallace was elected in November 1940 as Vice President on the Democratic Party ticket with President Franklin D. Roosevelt. His inauguration took place on January 20, 1941, for the term ending January 20, 1945.
Roosevelt named Wallace chairman of the Board of Economic Warfare (BEW) and of the Supply Priorities and Allocations Board (SPAB) in 1941. Both positions became important with the U.S. entry into World War II. As he began to flex his newfound political muscle in his position with SPAB, Wallace came up against the conservative wing of the Democratic party in the form of Jesse H. Jones, Secretary of Commerce, as the two differed on how to handle wartime supplies.
On May 8, 1942, Wallace delivered his most famous speech, which became known by the phrase "Century of the Common Man" to the Free World Association in New York City. This speech, grounded in Christian references, laid out a positive vision for the war beyond the simple defeat of the Nazis. The speech, and the book of the same name which appeared the following year, proved quite popular, but it earned him enemies among the Democratic leadership, among important allied leaders like Winston Churchill, and among business leaders and conservatives.
Wallace spoke out during race riots in Detroit in 1943, declaring that the nation could not "fight to crush Nazi brutality abroad and condone race riots at home."
 
In 1943, Wallace made a goodwill tour of Latin America, shoring up support among important allies. His trip proved a success, and helped persuade twelve countries to declare war on Germany. Regarding trade relationships with Latin America, he convinced the BEW to add "labor clauses" to contracts with Latin American producers. These clauses required producers to pay fair wages and provide safe working conditions for their employees and committed the United States to paying for up to half of the required improvements. This met opposition from the U.S. Department of Commerce.
Wallace believed that both the American and the Russian revolution were part of "the march to freedom of the past 150 years." After having met Molotov, he arranged a trip to the "Wild East" of Russia. On May 23, 1944, he started a 25-day journey accompanied by Owen Lattimore. Coming from Alaska, they landed at Magadan where they were received by Sergei Goglidze and Dalstroi director Ivan Nikishov, both NKVD generals. The NKVD presented a fully sanitized version of the slave labor camps in Magadan and Kolyma to their American guests, convinced them that all the work was done by volunteers, charmed them with entertainment, and left their guests impressed with the "development" of Siberia and the spirit of the "volunteers." Lattimore's film of the visit tells that "a village... in Siberia is a forum for open discussion like a town meeting in New England."[6] The trip continued to Mongolia and then to China.
After Wallace feuded publicly with Jesse Jones and other high officials, Roosevelt stripped him of his war agency responsibilities and entertained the idea of replacing him on the presidential ticket. The Democratic Party, with concern being expressed privately about Roosevelt being able to make it through another term, chose Harry S. Truman as Roosevelt's running mate at the 1944 Democratic convention, after New Deal partisans failed to promote William O. Douglas. Wallace was succeeded as Vice President on January 20, 1945, by Truman. On April 12, 1945, Vice President Truman succeeded to the Presidency when President Franklin D. Roosevelt died. Henry A. Wallace had missed being the 33rd President of the United States by just 82 days.

Roerich controversy

From the middle 1920s, Wallace was a devoted supporter of Nicholas Roerich, a philosopher and Russian emigre.[7] With agreement from Roosevelt, Wallace had lobbied Congress to support Roerich's Banner and Pact of Peace which was signed in Washington, D.C. in 1935 by delegates from 22 Latin American countries. Roerich and his son George were sent to Central Asia by the U.S. Department of Agriculture to search for drought-resistant grasses to prevent another Dust Bowl.
During the 1940 presidential election, a series of letters that Wallace had written in the 1930s to Roerich was in the possession of the Republicans. In the letters, Wallace addressed Roerich as "Dear Guru", and signed the letters as "G" for Galahad, the name Roerich had assigned him. Wallace assured Roerich that he awaited "the breaking of the New Day" when the people of "Northern Shambhalla" — a Buddhist term roughly equivalent to the kingdom of heaven – would create an era of peace and plenty.
With the Republicans planning to reveal the "eccentric" religious beliefs of Wallace to the public prior to the November 1940 elections, the Democrats countered by threatening to release information about Republican candidate Wendell Willkie's rumored extramarital affair with the writer Irita Van Doren.[5][8] The Republicans did not publicize the "Guru" letters, and Roosevelt and Wallace won the election, overwhelmingly.
In the winter of 1947, independent columnist Westbrook Pegler published extracts from the letters. Pegler characterized Wallace as a "messianic fumbler," and "off-center mentally." There was a personal confrontation between the two men on the subject at a public meeting in Philadelphia in July 1948. Several reporters, including H.L. Mencken, joined in the increasingly aggressive questioning. Wallace declined to comment on the letters, while labeling some of the reporters "stooges" for Pegler.[9]

 Secretary of Commerce

 
Roosevelt placated Wallace by appointing him Secretary of Commerce. Wallace served in this post from March 1945 to September 1946, when he was fired by President Harry S. Truman because of disagreements about the policy towards the Soviet Union. He is the last former Vice President to serve in the President's cabinet.

 The New Republic

Following his term as Secretary of Commerce, Wallace became the editor of The New Republic magazine, using his position to criticize vociferously Truman's foreign policy. On the declaration of the Truman Doctrine in 1947, he predicted it would mark the beginning of "a century of fear".

 The 1948 Presidential election

Wallace left his editorship position in 1948 to make an unsuccessful run as a Progressive Party candidate in the 1948 U.S. presidential election. With Idaho Democratic U.S. Senator Glen H. Taylor as his running mate, his platform advocated friendly relations with the Soviet Union, an end to the nascent Cold War, an end to segregation, full voting rights for blacks, and universal government health insurance. His campaign was unusual for his time in that it included African American candidates campaigning alongside white candidates in the American South, and that during the campaign he refused to appear before segregated audiences or eat or stay in segregated establishments.
As a further sign of the times, he was noted by Time as ostentatiously riding through various cities and towns in the South "with his Negro secretary beside him".[10] Many eggs and tomatoes were hurled at and struck him and his campaign members during the tour, while at the same time President Truman referred to such behavior towards Wallace as very un-American. Wallace commented that "there is a long chain that links unknown young hoodlums in North Carolina or Alabama with men in finely tailored business suits in the great financial centers of New York or Boston, men who make a dollars-&-cents profit by setting race against race in the far away South."[10] State authorities in Virginia sidestepped enforcing its own segregation laws by declaring Wallace's campaign gatherings as private parties.[11]
Wallace's campaign to advance progressive causes inspired several activists and organizations. One short-lived effort was an attempt by Harry Hay, an active Communist teacher in Southern California, to create an organization of homosexuals, to be called Bachelors for Wallace, which would lobby for the inclusion in Wallace's platform of a call for the reform of sodomy and other laws that were the basis of widespread anti-gay discrimination and persecution. Hay was unsuccessful in his efforts to find other homosexual men willing to join such a risky venture, and the idea was never realized. Two years later, however, Hay and other leftists successfully founded the Mattachine Society, now recognized as the first significant grassroots organization for LGBT rights in the United States.[12] Wallace had not made any official statements in support of gay rights and it is unclear how much support this group gave to the campaign. Yet, in the tenor of the times, such an organization would have been highly controversial. The fact that group generated almost no notice by the press or even the campaign itself, may be because of other controversies facing the campaign.
The "Dear Guru" letters reappeared now and were published, seriously hampering his campaign.[5] Even more damage was done to Wallace's campaign when several prominent journalists, including H.L. Mencken and Dorothy Thompson, publicly charged that Wallace and the Progressives were under the covert control of Communists. Wallace was endorsed by the Communist Party (USA), and his subsequent refusal to publicly disavow any Communist support cost him the backing of many anti-Communist liberals and socialists, such as Norman Thomas. Christopher Andrew, a University of Cambridge historian working with evidence in the famed Mitrokhin Archive, has stated publicly[13] that he believed Wallace was a confirmed KGB agent, though evidence for this was never produced.
Wallace suffered a decisive defeat in the election to the Democratic incumbent Harry S. Truman. He finished in fourth place with 2.4% of the popular vote. Dixiecrat presidential candidate Strom Thurmond outstripped Wallace in the popular vote. Thurmond managed to carry several states in the Deep South, gaining 39 electoral votes to Wallace's electoral total of zero.

Later career

Wallace resumed his farming interests, and resided in South Salem, New York. During his later years he made a number of advances in the field of agricultural science. His many accomplishments included a breed of chicken that at one point accounted for the overwhelming majority of all egg-laying chickens sold across the globe. The Henry A. Wallace Beltsville Agricultural Research Center, the largest agricultural research complex in the world, is named for him.
In 1950, when North Korea invaded South Korea, Wallace broke with the Progressives and backed the U.S.-led war effort in the Korean War.[5] In 1952, Wallace published Where I Was Wrong, in which he explained that his seemingly-trusting stance toward the Soviet Union and Joseph Stalin stemmed from inadequate information about Stalin's crimes and that he, too, now considered himself an anti-Communist. He wrote various letters to "people who he thought had traduced (maligned) him" and advocated the re-election of President Dwight D. Eisenhower in 1956.[5]
In 1961, President-elect John F. Kennedy invited him to his inauguration ceremony, though he had supported Kennedy's opponent Richard Nixon. A touched Wallace wrote to Kennedy: "At no time in our history have so many tens of millions of people been so completely enthusiastic about an Inaugural Address as about yours."[5]
Wallace first experienced the onsets of Lou Gehrig's disease on one of his frequent trips to South America in 1964.[14] He died in Danbury, Connecticut, in 1965.[5][15] His remains were cremated at Grace Cemetery in Bridgeport, Connecticut, and the ashes interred in Glendale Cemetery, Des Moines, Iowa.

http://en.wikipedia.org/wiki/Henry_A._Wallace