While Jackson was indeed repugnant because of his ethnic cleansing, far worse was his refusal to recharter the Second Bank of the United States, and his “specie circular”, that plunged America into its worst depression until the Great Depression.
http://en.wikipedia.org/wiki/Panic_of_1837
Throughout his term, he could have mitigated much of this disaster, but instead he waited until just before leaving office to pull the rug out from under the US economy.
Importantly, this just destroyed his successor, a man he hated, his own vice president Martin Van Buren, also a Democrat, because he was pro-business and had wealthy friends, whom Jackson bitterly hated and wanted to destroy.
The Andrew Jackson depression lasted seven years.
And true to form, in his efforts to hurt and harm the wealthy, most of the people who were ruined were the middle class and poor.
It has been said that Mark Twain’s character Pap Finn, father of Huckleberry Finn, was pretty much a typical Jacksonian Democrat: he had never had $50 in his pocket, and hated anyone who ever had, because he was convinced that he had to have made that $50 by ‘keeping him (Finn) down’, so he wanted the government to take that $50 away.
Jackson was right. The federal government has no business operating a bank using public moneys to make private loans. That should be left to the private sector.
Politicians love the idea because they can use public resources to reward their contributors and supporters through the bank and fund their little pet projects, like Solyndra.
Which is not to say that the federal government should not regulate the banking sector and ensure a stable currency.
But the federal government should not operate a private bank, which as Jackson saw, creates a piggy bank or slush fund for the politically-connected.