"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)

Thursday, September 1, 2011

Steve Forbes to Newsmax: Obama, Bernanke Must Go

This is an excellent interview with Steve Forbes about the economy, the Federal Reserve, Obama, Bernanke and the Republican candidates for President.  Forbes comments on who he will most likely endorse:
“I’m looking over the whole field now. I’m very impressed with Governor Perry, so that’s where the wind’s blowing in my little world. I’ll be making a decision soon. 
“Maybe one or two other candidates might come in during the next couple of weeks, but I’ve certainly been impressed by what Governor Perry did. Perhaps he gets over-exuberant in what he says about the Federal Reserve, but he is right. The Fed has a lot to answer for.”
The people who came out and slammed Rick Perry about his comments on the Fed are finding out from person after person who understands the Fed that Perry was right about the Fed.  Forbes comments on Ben Bernanke are priceless:
Forbes is highly critical of Federal Reserve Chairman Ben Bernanke, who has said any rise inflation is transitory. 
“Well, life is transitory,” Forbes observes. “What he’s doing in terms of manipulating the interest rate market is simply another form of price controls. That doesn’t work for very long. What he’s done with interest rate policy is subsidize government debt and discourage lending to small businesses. It’s distorted the market. He’s doing more harm than good. I wish he’d gone to Martha’s Vineyard with the president and stayed there.

“If Ben Bernanke was judged on how well he’s done his job, he would have resigned a long time ago. But in Washington, [be] a failure and you move upward.”
We need more interviews from people like Steve Forbes who understand what is happening with the economy and how to fix it instead of the rhetoric we see out Obama, Bernanke and the Obama Administration that spending more tax dollars is the way out of the bad economy which does not work.

Forbes comments on the main field for the Republican nomination are insightful and very much on the same page as many Republicans including myself.  Love his comments that Ron Paul should be running for the Fed.  Very good interview and well worth your time to watch.
Steve Forbes to Newsmax: Obama, Bernanke Must GoWednesday, 31 Aug 2011 06:03 PM
By Jim Meyers and Kathleen Walter 
Former presidential candidate and Forbes magazine editor Steve Forbes tells Newsmax that President Obama’s planned economic reforms are “the definition of insanity” — repeating failed policies in the hopes that somehow they will become successful. 
In a wide-ranging exclusive interview, Forbes also declares that Federal Reserve Chairman Ben Bernanke should have resigned a long time ago, says Obama will be a one-term president, and looks for significant and positive reforms in Washington after the 2012 elections. 
He also predicts the United States will make an “astonishing” move and return to a gold standard in the next five years, and says he’s “very impressed” with Gov. Rick Perry and is leaning toward supporting him for the GOP presidential nomination.

Excerpt: Read more on Newsmax about this interview with Steve Forbes

1 comment:

SJ Reidhead said...

If Forbes had been in charge of the Fed, or Treasury, I think we would be living in a far better world.

The Pink Flamingo