It was a silly thing to say from the point of view of giving your opponents ammunition against you, especially during what is essentially you’re debut with the American public. I can’t say I blame the opposition for using it. That said, I’m not especially offended by it. I think it was ultimately a policy critique, not a personal jab. It’s a fine distinction, but I think it’s there. That’s probably because - to perfectly intellecutually honest - I largely agree with him on the wisdom of the policies, though it was clearly not the best choice of words. Live and learn, Rick. We all make gaffes. It’s best to recognize them, correct them if they’ll let you, and move on. There will be those who will dog you about it forever, but no one likes those people anyway.
There are over 300 sponsors in Congress for a bill to audit the Fed. Both parties want more transparency and accountability for the Fed, which is currently operating outside of any effective oversight. The power of these unelected, unaccountable members of this quasi-governmental organization is breathtaking. I suspect the majority of the American people feel the same way.
Perry's remarks were politically astute. He will be helped more than hurt by them.
I don’t love the statement he made. Is Bernanke doing QEs for political purposes? Perry’s going to have to answer questions about this statement.
Well, if Berneke were to print money for strictly political reasons or to curry favor with his boss in order to help Obama win an election even though he knew it was in the worst interest of the country ... well that sounds a little traitorous to me.