"A wise and frugal government which shall restrain men
from injuring one another, which 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)

Tuesday, August 16, 2011

Gov Perry takes on Fed Chair Bernanke About Printing Money to Help Obama

Finally a powerful voice has joined those telling Barnanke not to print more money as it would devalue the dollar more.  That seems to be the one course Bernanke sees to help Obama win on the economy is to print more money since giving it away with the stimulus didn't help with new jobs.  What it did do was keep Government people in jobs for another two years but states cannot afford those employees now with their tight budgets.

Personally think Bernanke would do anything to see Obama reelected.  Don't trust him even a little after three Regional Fed Chairs told him not to set a date on low interest rates.  He did it to make sure it came after the election.  It was so obvious what he was doing.  The Fed Chair should be non-partisan not a partisan hack for the Obama Administration which is what we see in Bernanke.  He was Schumer's recommendation which President Bush should have ignored and chosen his own person.

This comes on top of Rick Perry yesterday calling on Obama to put a freeze on regulations:
DES MOINES, IOWA – Texas Gov. Rick Perry today called on the Obama Administration to put a six-month freeze on new federal regulations in an effort to ease the burden on small businesses that continue to struggle under President Obama’s job-killing economic policies. The governor’s call was made at a campaign stop at the Iowa State Fairgrounds, where he also highlighted his record of job creation in Texas and the importance of pursuing policies that will open doors to job growth and get America working again.  Read Full Article
With Governor Perry saying this in Iowa with Obama coming to the state, it sets up an interesting dynamic.  Right now Governor Perry is holding a business roundtable discussion in Dubueque -- same TV market that Obama will be speaking on his non-existent plan to create jobs.  Iowa is getting an early taste of what might end up being the Presidential race and knowing some Iowans, they are enjoying every minute.
Perry: Bernanke Almost 'Treasonous' for Printing MoneyTuesday, 16 Aug 2011 11:09 AM
By Dan Weil

Republican presidential candidate Rick Perry isn’t happy about the Federal Reserve’s monetary policy. The Texas governor had harsh words for Fed Chairman Ben Bernanke while campaigning in Iowa, ABCNews.com reports.
“If this guy prints more money between now and the election, “I don’t know what y’all would do to him in Iowa, but we would treat him pretty ugly down in Texas,” Perry said. “Printing more money to play politics at this particular time in American history is almost treacherous -- or treasonous in my opinion.” 
By playing politics, he meant that the Fed would be trying to help Obama. “If they print more money between now and this election, I would suggest that’s exactly what’s going on,” Perry said. 
Perry was answering a question from the audience when he made the statements. He went on to criticize Bernanke's policies under the Obama administration:
“We’ve already tried this. All it’s going to be doing is devaluing the dollar in your pocket and we cannot afford that. We have to learn the lessons of the past three years that they’ve been devastating. The President of the United States has conducted an experiment on the American economy for almost the last three years, and it has gone tragically wrong and we need to send him a clear message in November of 2012 that new leadership is coming.” 
Read more on Newsmax

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