Song meaning of President Jackson Attacks the National Bank by Mr. Arnold (Ft. Andrew Jackson (US President) & John C Calhoun)

The lyrics of the song "President Jackson Attacks the National Bank" by Mr. Arnold, featuring Andrew Jackson and John C Calhoun, convey the message of President Jackson's opposition to the Second Bank of the United States and his use of executive power to weaken and ultimately destroy the bank. The lyrics highlight the disagreements between Jackson and Congress over the bank's charter, with Jackson arguing that it stifled competition from state and private banks, was unconstitutional, and caused economic instability.

The lyrics also discuss the impact of Jackson's actions on the economy, including the use of state banks and the issuance of the Specie Circular, which required hard currency for land purchases. While these measures helped to lower the national debt and improve the economy in some ways, they also led to inflation and the Panic of 1837, ultimately causing economic problems.

Furthermore, the lyrics mention the formation of the Whig Party, which opposed Jackson's use of power and his perceived similarity to a king. The Whigs sought a president with less power and a strong Congress. Despite the Whig Party's opposition, Jackson's chosen successor, Martin Van Buren, won the election. However, the economic depression that followed and the blame placed on Van Buren contributed to the Whigs' victory in the presidential election of 1840.

Overall, the lyrics convey the message of Jackson's strong opposition to the national bank, his use of executive power to dismantle it, and the economic consequences of his actions. It also touches on the political opposition he faced and the impact of economic crises on subsequent elections.