Tuesday, August 16, 2011

Perry Comment On Bernanke At the Fed Draws Ire From Bushies


AFTER NEW PRESIDENTIAL CANDIDATE RICK PERRY slammed Chairman Ben Bernanke's quantitative easing policies at the Federal Reserve yesterday as near 'treasonous' several of former president George W. Bush's erstwhile administration took offense and gave Perry a dressing down at the wood shed. (You may recall it was Bush 2 who disastrously appointed Bernanke to the Fed and then began the first round of quantitative easing under pressure from then Sec. of Treasury Hank Paulson who got down on bended knee to beg then House Speaker Nancy Pelosi.)

Karl Rove was the first to get a bee in his bonnet, blasting Perry with both barrels on Fox News (via GOP12):

“It's his first time on the national stage, and it was a very unfortunate comment. You don't accuse the chairman of the federal reserve of being a traitor to his country and being guilty of treason and suggesting that we treat him pretty ugly in Texas — that's not, again, a presidential statement … Governor Perry is going to have to fight the impression that he's a cowboy from Texas. This simply added to it.”
Well, I disagree Mr. Rove. Evidently, Mr. Perry thinks, as I do, that the Federal Reserve under Mr. Bernanke has done great damage to the economy as he operates powerfully and willfully under the radar of any accountability from any branch of government. The fact that Mr. Perry is making an issue of this travesty so early on tells me he knows what's going on and is willing to replace Bernanke should he be elected president.

You can read more criticism of Perry's ambush of Benanke at Politico.

Meanwhile, you might consider taking it as a very good sign that Perry is the first candidate that's even brought up the subject of the Fed---with the exception of Ron Paul and Newt Gingrich both who'd consider completely abolishing it. These are topics Americans need to focus on, the sooner the better.

Meanwhile, with this kind of reaction, Rick Perry must be doing something right though he's certainly not endearing himself to his old political rival George W. Bush et al.

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