Skip to comments.John Cornyn slams Yellen as Fed chair nominee
Posted on 10/10/2013 9:03:48 PM PDT by Tailgunner Joe
Texas Sen. John Cornyn condemned President Barack Obamas nomination of Janet Yellen as the head of the Federal Reserve. The Senator feels the reason why America finds its self in a fiscal predicament is due to stimulus obsession, and that the last thing the nation needs is someone who intends more quantitative easing because that will further harm the economy.
Ms. Yellen subscribes to the liberal school of thought that the best way to handle to our nations fiscal challenges is to throw more money at them, Cornyn wrote in a press release.
Not supporting Cornyns opposition of Yellen, is Congressman Al Green, who calls Yellen an excellent and historic nominee for the Chair.
Not only are her qualifications evident, her confirmation will also make her the first woman to head our Federal Reserve, Green said.
President Barack Obama called the nomination of Yellen the most important economic decisions he will make as President, explaining that he
chose Yellen because he finds that she has the qualities to hold inflation in check while also creating jobs.
Shes served in leadership positions at the Fed for more than a decade. As Vice Chair for the past three years, shes been exemplary and a driving force of policies to help boost our economic recovery.
Obama said during a speech on Wednesday.
Following the Presidents speech, Yellen said that while the economy has improved since the Great Recession, there is still progress to be made.
Too many Americans still cant find a job and worry how theyll pay their bills and provide for their families, Yellen said. The Federal Reserve can help if it does its job effectively. We can help ensure that everyone has the opportunity to work hard and build a better life.
Yellen would be the first female Head of Federal Reserve, and would replace Ben Bernanke, who has been serving as Chairman of the Federal Reserve since 2006.
Try harder John. I’m still having a hard time figuring out what you are other than another lawyer.
We might as well see how hard we can get him to work to convince us he doesn’t need to be kicked out of office before we kick him out of office.
Is that little scamp, John Cornyn, running for office again? I wondered why he suddenly rediscovered his conservative roots...
Yes John please pick the small battles while America burns. What an ass clown. I cannot wait for our American version of the french revolution. I will be cheering all the way while cretins like cornhole are frog marched.
Ordinarily, I'm with Ted ... but at this point, what difference does it make?
Will any new Fed chairman ever ascend to the throne without the approval of Goldman Sachs? Does any new Fed chairman have any option other than to print with abandon? Will any of the existing or newly created debt ever be repaid? Will the currency avert a complete collapse no matter who takes the reins of this failed institution?
Does it really matter any longer?
Sorry John Cornyn,
You had your chance to stand with Senator Cruz against ObamaCare and instead of doing the right thing, you became a collaborator with Obama.
No second chances when you can’t even do the right thing on something as simple and as gigantic and as Evil as Obamacare
President Barack Obama ...... chose Yellen because he finds that she has the qualities to hold inflation in check while also creating jobs.
Wow! This woman can do this? Why didn’t he appoint her in 2008!
>I cannot wait for our American version of the french revolution.<
Be careful what you ask for.
The French revolution, in many instances, quillotined innocent people and its leaders were a bunch of murderers. It was also a time of terror complete with desecration of churches.
Entire generations of Americans are being cast into debt slavery by these evil people. They will be long gone with pockets padded when the SHTF.
FedGov is the currently the worst run organization on earth, hands down.
If Cornyn is against..or for, then who cares!
Do The Specter Dance.....turn to the right, its election time.....turn to the right, its election time.....
Really? Obama is full of it. USA today had the headline and Yellen said herself she favored inflation throuh quant easing.
Similar ignorant statements are on the increase at FR. Unlike our colonial forebears in 1775, we have peaceful means to restore our rights.
Reporting from the Texas Hill Country ... Cornyn has started his re-election ads about a week ago. His frightfully incompetent decisions regarding who to support starting with the 2010 elections (Miller/Murkowski) thru his lack of support for Cruz today have his campaign staff seriously worried about John being primaried.
Cornyn’s challenger is Dwayne Stovall who has a decent war chest but is not a well known individual. My contact at Cornyn’s San Antonio office won’t divulge any actual numbers but she implies that Cornyn’s mail has changed tone from generally supportive to distinctly critical over the last few years.
While it would not be good to lose Cornyn’s seniority on the Senate committees he is a member of, it may be time to take the hit and vote in a fresh player, one whose loyalty is not in question.
Since the government is creating valueless “money” by typing on computer keys (I agree) why should it be labelled as a debt to be paid to the Federal Reserve? Why should it be paid back at all?
Cornyn is anti Ted Cruz and pro Obamacare cloture. So that means his anti-Yellen proves she'd be a great fed chief.
No what it proves is that he is stupid and is in the pockets of Wall street.
Because the Federal Reserve can then claim it has an asset in the form of an account receivable to try and fool the public that FedGov has somehow created value out of printing money. They also try and hide it from the non-thinking masses by using the euphemism of qunatitative easing. This is akin to putting a dagger through the heart of the US economy and calling it an introduction of a shaped metallic alloy through the pericardium. The democratic Obamabots just take another toke or sniff and say dem Gubmint dudes is smart.
1. Either they don't get it which is really bizarre if I get it with my background in economics or
2. They're complicit and think it's good that the super-rich get super-richer while everyone else gets screwed.
I'm not sure which choice is more disturbing.
Not ALL women. Your sentence needs a qualifier. <^..^>
I didn’t think I had to put the /s at the end. But I guess with all the stupid things politicians are saying today the /s must be displayed if there is any doubt at all.
No what it proves is that he is stupid and is in the pockets of Wall street.
Please help me out on this because you can't be saying Yellen is good and the market place is bad.
I think it is 2.
The cycle feeds on itself because the takers keep voting these crooks in so they can get all the freebies, while all the time the super rich get richer by playing the stock market which is manipulated artificially by the money printing.
The gap between rich and poor widens until the whole system breaks down under the weight of public debt. The top tier of government feel they will have enough money to fund their own security; the rest of the sheeple can consume each other for all they care.
Well of course. Until-
“when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. Also the watering of the liberty is needed now and again.
I'll go one furthan than you. The global elite-rich are thinning their numbers. One can't help but wonder if tossing aside Khadafi and Sadam and trying for Assad was at least partially to thin the ranks of billionaires.
When it all comes tumbling down, the elite will have their islands, little countries and gated communities. They'll do fine. They'll sit on their safe perches, watching survival of the fittest unfold. And you know what? They'll probably still be profiting from it.
Please help me out on this because you can’t be saying Yellen is good and the market place is bad.
Markets divorced from reality and propped up for the elite are bad.
Yellens who continue to prop markets up with printed fiat currency are bad.