Butler’s outing of the alleged plot to oust Roosevelt was a publicity stunt designed to make Roosevelt look like the savior of the common man instead of a Wall Street yes-man. Don’t believe me? Here are links to the two-part series I wrote exposing Smedley Butler and the Business Plot against Roosevelt, which was totally bogus:
Read them and decide for yourself. Some excerpts:
I reckon that if you’re reading this you’ve heard of the so-called “Business Plot,” which is sometimes described as “Wall Street’s Failed 1934 Coup” or “The Banksters’ Fascist Coup.” It refers to the planning of a coup against Franklin Delano Roosevelt by, among others, Morgan and DuPont, which was foiled by Major General Smedley Butler, USMC.
The argument I put forward here is very simple: The plausibility of the Business Plot rests on the assumption that Roosevelt’s policies went against the interests of bankers, industrialists and Wall Street financiers—or at least a very powerful subset of them (including the Morgans and DuPonts who were implicated in the plot). Implied is that his policies were so beyond the pale that he was nearly deposed or turned into a puppet of a fascist government controlled by the likes of J.P. Morgan, Jr. On top of that, we also need to believe that Smedley Butler was the kind of guy who would stand up to the powerful bankers and rat them out due to his “patriotism, integrity, and dedication to democracy.” But at the same time, we need to believe he’s the kind of guy the bankers would approach to lead the coup, even though by then he was already going around giving speeches condemning war profiteers like Morgan and DuPont and exclaiming that “War is a Racket!”
You can see the story is already starting to fall apart under its own internal contradictions before I’ve even started to show that none of these assumptions are true: Roosevelt’s policies were practically dictated by wealthy bankers, Wall Street financiers, and big business; and Smedley Butler was a big fat phony.