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Naturally, I think that the Federalist would see much today for which there would be affection and much for which there would be apprehension. The consolidation of the Washington power base lying with businesses and economic institutions like banks is a Federalist concept that is alive today. The relationship that Congress and the President have with businesses and commercial elements are Federalist beliefs. Hamilton and other Federalists were strong advocates of ensuring that there exist a powerful and potent relationship between businesses and political centers. When the President and Congressional members need to consult Wall Street to ensure that Main Street can experience redemption, this is a Federalist concept. Political power is a realm that is strongly linked to businesses and economic development, something that is a Federalist construct. In this, they would embrace how Congress and the President have worked together to ensure this reality. The relationship between Congress and the President might be challenged or even considered dysfunctional. However, both rely on the force of money and financial institutions to such a great extent that this is where power exists for both of them. It is here where the Federalist would find a level of comfort, for the party advocated this. The Republican or Jeffersonian notion of smaller government pushing for the rights of farmers is something absent, demonstrating that this particular argument was won by the Federalists. They would be happy to see this element in the modern relationship between the Executive and Legislative branches of government.
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