Perry vs. Ben Bernanke: Round One
Texa-creep Rick Perry came out recently with a uniquely thuggish criticism of QE, essentially threatening Bernanke with a Texan mob if he does what everyone expects him to do and enacts a third QE program:
"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," said Perry.
To me this whole issue encapsulates the basic failure of the Obama administration. It has surrendered to Wall Street interests, and in doing so has allowed lunatics like Rick Perry to step into legitimate roles as critics of corrupt policy.
Of course Perry’s gripe with QE isn’t that it boosts corporate/banking profits at the expense of the general population, but that it’s unsound economics and fiscally irresponsible – which is true as well, but that’s not the point. The point is that we’re heading into 2012 and Barack Obama is going to be owning a hell of a lot of corrupt policy. Voters who want to break up the Wall Street/government oligopoly are increasingly left with only fringe politicians as champions, and (here's my Captain Obvious observation) that blows.
http://www.rollingstone.com/politics/blogs/taibblog/rick-perry-vs-ben-bernanke-round-one-20110816?link=mostpopular3
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