Thursday, 18 August 2011

In Passing

None dare call it...

Confounding The Establishment  Dept
Four quotes:

Karl Rove:
You don’t accuse the chairman of the Federal Reserve of being a traitor to his country, of being guilty of treason.  And, suggesting that we treat him pretty ugly in Texas.  You know, that is not, again, a presidential statement.

If Rick Perry were to be elected president, he’d be saddled with Ben Bernanke who has a term. ...The president couldn’t even ask him to resign.  So, this is, I hope this is not the first of sort of over- the-top statements.
Rob Blackwell, American Banker:
I’m not sure what’s worse—that Perry made the comment, or that the crowd around him actually applauded when he said it.  There should have been audible gasps, not clapping.  It speaks volumes of the popularity of the Fed, or lack thereof, that many do not realize the central bank is at least trying to help.
Glenn Reynolds:
None of this is going to hurt Perry. In fact — do I really have to spell this out to our lame punditry?  I guess so — they’ve played right into Perry’s hands.  First, he’s building a narrative that consumer inflation, currently accelerating, is the fault of reckless Obama spending and the Bernanke money-printing that supported it...  Second, when former Bush people attack him for dissing Wall Street and the Fed, it’s helping him put distance between himself and Bush...  And watch him attack Obama for being too close to Wall Street and the Fed before this is all over.
The New York Post:
Perry’s words fall heavily upon the ears.

On substance, however, Gov. Perry was quite right.  For whatever purpose -- policy or politics -- simply printing money in large amounts is a recipe for catastrophe...

Indeed, the substance of Perry’s message was so unremarkable as to go largely uncriticized.

As to the efficacy of his words -- well, he’s been in public life for some time now, and the governor of the nation’s second-most-populous state for over a decade.

So he’s entitled to his views, and to the rhetoric of his choice.

We suspect ordinary Americans -- worried sick about inflation and the economy -- will be far more forgiving of Perry than the pundits.

Elsewhere:
Related:
From Bernie Sanders(!):
Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland... "No agency of the United States government should be allowed to bail out a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.

Daily Pundit:  Confrontational Hacks Upset Over GOP Confrontation

Credits:
Rove via happyfeet@PW, NYPost via Insty, Sanders via Daily Pundit

Posted by: Old Grouch in In Passing at 15:49:51 GMT | Comments (1) | Add Comment
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1 Rove is a fool.  I used to think he had a brain.  Not anymore.

Posted by: Nathan at 08/19/11 00:05:52 (cBrDo)

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