So when Marvel relaunched the character in 1953 without Simon or Kirby's involvement, they called bullshit. Similar to the creators of Superman, they felt they had been swindled and decided to do something about it. Unlike Superman's creators, they didn't even try to come up with a new character - they simply did a Captain America rip-off at another company. This time Simon and Kirby owned the copyright, so by their own admission, they "were determined to make the public forget about Captain America." Here's what they came up with:
Fighting American's origin story reads a lot like an extended sketch for The Colbert Report: a brave newscaster volunteers for a government experiment after his war hero brother is murdered by communists. The story plots were literally inspired by Senator McCarthy's anti-communist agenda:
Remember, kids: If you don't feed Freedom at least twice a day it could die, and we're not buying you a new one.