Good points Jefferson makes. But concerning his beliefs on the power to regulate and control his fears noted above, you must put them in context with the following quotes form Jefferson.
Tell me he did not see this coming.
"They are not to do anything they please to provide for the general welfare.... [G]iving a distinct and independent power to do any act they please which may be good for the Union, would render all the preceding and subsequent enumerations of power completely useless. It would reduce the whole instrument to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and as they sole judges of the good or evil, it would be also a power to do whatever evil they please."
-- Thomas Jefferson
"Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated."
--Thomas Jefferson, Letter to Albert Gallatin, 1817
"the true theory of our Constitution is surely the wisest and best . . . (for) when all government . . . shall be drawn to Washington as the centre of all power, it will render powerless the checks provided of one government on another, and will become as . . . oppressive as the government from which we separated."
--Thomas Jefferson
"The tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants."
-- Thomas Jefferson
RESOLVED: That the principle and construction contended for by sundry of the state legislatures, that the general government is the exclusive judge of the extent of the powers delegated to it, stop nothing short of despotism; since the discretion of those who administer the government, and not the constitution, would be the measure of their powers:
That the several states who formed that instrument, being sovereign and independent, have the unquestionable right to judge of its infraction; and that a nullification, by those sovereignties, of all unauthorized acts done under colour of that instrument, is the rightful remedy.
-- Thomas Jefferson, 1799
"I consider the foundation of the Constitution as laid on this ground that 'all powers not delegated to the United States, by the Constitution, nor prohibited by it to the states, are reserved to the states or to the people.' To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power not longer susceptible of any definition."
-- Thomas Jefferson, Opinion on the Constitutionality of a National Bank, February 15, 1791
"The natural progress of things is for liberty to yield and government to gain ground."
-- Thomas Jefferson, letter to E. Carrington, May 27, 1788
"A wise and frugal government ... shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
-- Thomas Jefferson, First Inaugural Address, March 4, 1801
"I see,... and with the deepest affliction, the rapid strides with which the federal branch of our government is advancing towards the usurpation of all the rights reserved to the States, and the consolidation in itself of all powers, foreign and domestic; and that, too, by constructions which, if legitimate, leave no limits to their power... It is but too evident that the three ruling branches of [the Federal government] are in combination to strip their colleagues, the State authorities, of the powers reserved by them, and to exercise themselves all functions foreign and domestic."
-- Thomas Jefferson to William Branch Giles, 1825. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors, ME 16:146
"An elective despotism was not the government we fought for, but one which should not only be founded on true free principles, but in which the powers of government should be so divided and balanced among general bodies of magistracy, as that no one could transcend their legal limits without being effectually checked and restrained by the others."
-- Thomas Jefferson, Notes on Virginia Q. XIII, 1782. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors ME 2:163
"The greatest [calamity] which could befall [us would be] submission to a government of unlimited powers."
-- Thomas Jefferson, Declaration and Protest of Virginia, 1825. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors, ME 17:445
"Every State has a natural right in cases not within the compact (casus non faederis) to nullify of their own authority all assumptions of power by others within their limits. Without this right, they would be under the dominion, absolute and unlimited, of whosoever might exercise this right of judgment for them."
-- Thomas Jefferson, Draft Kentucky Resolutions, 1798. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors ME 17:387
"The only greater [evil] than separation... [is] living under a government of discretion."
-- Thomas Jefferson to William Gordon, 1826. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors, ME 10:358
"[The purpose of a written constitution is] to bind up the several branches of government by certain laws, which, when they transgress, their acts shall become nullities; to render unnecessary an appeal to the people, or in other words a rebellion, on every infraction of their rights, on the peril that their acquiescence shall be construed into an intention to surrender those rights."
-- Thomas Jefferson, Notes on Virginia Q.XIII, 1782. The Writings of Thomas Jefferson, (Memorial Edition) Lipscomb and Bergh, editors, ME 2:178
I am beginning to think Jefferson was a cold hearted radical right wing conservative nutbag.