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William Lemke vs Huey P. Long
| Issue | William Lemke | Huey P. Long |
|---|---|---|
| Public control of the central bank and money creation | 'Drive the money changers out of the temple': public control of money and credit, further inflation of the currency vague_gesturenot_applicable The Union Party's founding program as Coughlin stated it -- take money creation from private banks; go 'much further in the inflationists' direction' than the Thomas amendment and silver purchase. |
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| Distribution of national income and purchasing power | — | Share Our Wealth: cap fortunes, guarantee every family a homestead and income specific_pledgenot_applicable A wealth tax and redistribution financed by massive federal spending: a guaranteed household grant and annual income, old-age pensions, limits on fortunes. |
| Minimum wages | A 'living annual wage' -- $1,800 for a family of five -- by federal law and a constitutional amendment if necessary specific_pledgenot_applicable Coughlin's plank for the Union candidate: amend the Constitution so 'free unbridled competition must submit to reasonable Federal laws' guaranteeing a fair annual wage to every willing worker. |
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| Farm and home mortgage relief | Refinance farm mortgages through the Frazier-Lemke plan (government-issued credit at low interest) specific_pledgenot_applicable The 'inflationary farm mortgage bill' Lemke authored: federal refinancing of farm debt with currency issued for the purpose, blocked by the administration and the House in 1936. |
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| Old-age pensions and social insurance | The Townsend $200-a-month pension as a plank of the Union coalition vague_gesturenot_applicable Absorb the Townsend clubs into the Union ticket; Dr. Townsend endorsed Lemke at Cleveland in August. |
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