Business

Perry Takes Another Shot at Bernanke and Money-Printing

In a Perry administration, not only would Ben Bernanke be removed as the chairman of the Fed but the Texas governor would also make sure that the central bank would be out of the money-printing business, Perry told CNBC on Thursday.

Perry has already made his feelings towards the Federal Reserve chairman clear, and during his interview said that someone else would be in charge of monetary policy should he unseat President Barack Obama in the 2012 election.

“The statement towards Chairman Bernanke needs to be very clear to him, that making monetary policy to cover up bad fiscal policy is just bad public policy,” Perry said.

“What we’re seeing is a Fed that is getting involved in things that frankly it does not need to be involved with. Printing money doesn’t do anything at this particular juncture except make the dollars in our pocket worth less money, plus it puts us in jeopardy of greater inflation in the future,” he said.

Perry has been notoriously critical of Bernanke, drawing attention at one point for stating that if the central bank chief ever came to Texas “we would treat him pretty ugly” for this actions.

Later in the interview, Perry also took on Warren Buffett.

Asked for his thoughts on the “Buffett Tax” proposed for millionaires, Perry said the billionaire chairman of Berkshire Hathaway is out of touch with what the economy needs to thrive, reports CNBC.

“Mr. Buffett is a real intelligent individual, but I can promise you he doesn‘t know what’s going on in places where the job creation is at zero because of over-taxation and over-regulation,” Perry said.

Watch the full exchange:

Comments (30)

  • spudwhite
    Posted on October 2, 2011 at 5:27am

    Perry is a globalist neocon, Ron Paul is the only choice for patriots,

    Here’s an excellent summation of Perry.
    http://isteve.blogspot.com/2011/10/if-definition-of-insanity-is.html

    Report Post »  
    • walkyrie
      Posted on October 2, 2011 at 10:04am

      Dude, you are an idiot and frankly Ron Paul can’t get off “the rails of the crazy train” – he’s firmly mounted on a runaway.

      Perry is a great state executive, in charge of the 15th largest economy in the world (and it’s growing). I hope all you jack*sses enjoy it when one of these guncontrol, sharia judge loving fools like Christie or Romney gets the nod. This country richly deserves whatever it gets – elections have consequences, as we are learning. We’ll be just fine here in Texas whether the rest of you flame out or not – believe that.

      Report Post »  
    • Rached Madcow SHOW
      Posted on October 2, 2011 at 12:27pm

      Here’s an excellent summary of Ron Paul :
      Antisemitic crackpot that blames America for 9-11

      Report Post » Rached Madcow SHOW  
  • rfycom
    Posted on October 1, 2011 at 10:45am

    You Rand Paul people give me gas. He nor his son will ever be president cause they both look gay.

    Report Post »  
  • mikee1
    Posted on October 1, 2011 at 8:15am

    Bernanke is just trying to keep DJ afloat with fraud money FOR ODUMBO INC. But the Chinese, I think, have shut him down. It is not Perry who is keeping him from QE3. The Chinese LANDLORDS have said NO MORE. THAT IS YOUR BRAVE NEW WORLD, AMERICA. THE CHICOMS NOW RUN THE FINANCIAL WORLD THANKS TO THE POLITICIANS THAT YOU HAVE PUT IN POWER. LOL

    Report Post » mikee1  
  • team1blazer
    Posted on October 1, 2011 at 12:08am

    While Perry is correct about the fed, he has a terrible record on illegal immigration, and his bilderburg connections are way to scary. Herman Cain seems to have all the answers. Ron Paul would be great at the fed (auditing / closing it down) but thinks we shouldn’t have eliminated AlWaki….REALLY????

    Report Post » team1blazer  
    • JohnnyAuto757
      Posted on October 1, 2011 at 2:43am

      Yeah, REALLY.

      Killing Awlaki is one thing, the way it was done is another. According to the Constitution (Art 1 Sec 8), only Congress can declare war; I don’t remember Congress declaring war on Yemen so we could take out Awlaki legally, do you?

      Report Post »  
  • truth-seeker2020
    Posted on September 30, 2011 at 7:57pm

    No stutter – No teleprompter – No “I want to be clear.” – No “Jew, Ohm..a Janitor…” – No arrogant snicker and, drum roll please —– No LIES —-

    Report Post » truth-seeker2020  
  • ISRAEL777
    Posted on September 30, 2011 at 6:14pm

    He is better than Romney…..way better than Romney, please use a little bit of common sense during the primary. If it comes down to Perry and Romney and there is no chance for the candidate of your choice to win, such as Cain, who is my choice. Vote for whomever will keep romney out of running for the white house, he is republican only in party and is liberal at heart, dont let him fool you folks, I believe he is a sleeper. As for giving Perry such a hard time, give him a break, yes he has made some bad decisions, but his good ones far outway the bad. As I said before I am a Herman Cain supporter, but there is no reason to talk so hatefully about Perry, as it stands, he and Cain are our best chance of keeping Romney’s liberal views out of the republican party and who knows, there might be a few jobs created along the way without spending anymore thrice borrowed tax payers money.

    Report Post » ISRAEL777  
    • slr4528
      Posted on September 30, 2011 at 6:23pm

      A fruit fly has a higher IQ than Perry. It is a joke that he shares the same stage with the likes of Cain and Romney. I disagree with Cain’s tax plan but he has accomplished a lot in the private sector. Perry has been governing Texas on autopilots and participating in crony politics. Hos only accomplishment being a career politician.

      Report Post »  
  • V-MAN MACE
    Posted on September 30, 2011 at 4:32pm

    Too late to transform into Ron Paul, Perry.

    You Bilderberger Male Cheerleader.

    Report Post » V-MAN MACE  
  • Mr. Oshawott
    Posted on September 30, 2011 at 4:31pm

    Rick Perry…Abolishing the Federal Reserve? Right…Like THAT will ever happen. Rick’s simply saying what needs to be said to get elected. Thanks to the fact that he supports the idea of illegal immigrants receiving in-state tuition for college, the fact that he received tens, perhaps even HUNDREDS of thousands of dollars from Merck for using the executive order to force 12-year-old females to undergo that potentially deadly injection of that Gardisil vaccine, the fact that he’s a huge supporter of the Trans. Texas Corridor, and all those other undeniable issues within his voting record, I think it won’t be too long before Rick Perry is forced to call it quits on his presidential campaign.

    Report Post » Mr. Oshawott  
    • KidCharlemagne
      Posted on September 30, 2011 at 11:51pm

      “Rick Perry…Abolishing the Federal Reserve? Right…Like THAT will ever happen. ”
      =======================

      It’s been done before:

      “Why The United States Bank Was Closed

      President Andrew Jackson
      July 10, 1832

      A BANK of the United States is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing Bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people, I felt it my duty, at an early period of my administration, to call the attention of Congress to the practicability of organizing an institution combining all its advantages, and obviating these objections. I sincerely regret that, in the act before me, I can perceive none of those modifications of the Bank charter which are necessary, in my opinion, to make it compatible with justice, with sound policy, or with the Constitution of our country.”
      http://www.lexrex.com/enlightened/writings/bank/jackson.htm

      Report Post »  
    • Grey Eagle
      Posted on October 2, 2011 at 2:17am

      The instate tuition legislation was passed in 2001 with a veto proof vote. Only 4 NO votes. The students pay for their tuition. The Gardisil vaccine was not passed by the Legislature and no doses of vaccine were ever given. Parents in TX may opt out of any vaccine. The Trans Corridor was also not passed, so non issue. He did not receive hundreds of thousands of dollars from Merck for his campaign. He was elected 3 times as Governor and if he was not conservative, he would not have been elected.

      Report Post »  
  • GadsdenGurl
    Posted on September 30, 2011 at 4:01pm

    This poser Perry copies everything Ron Paul has said for 20 years. They canceled the straw poll in Texas because they knew he’d lose it to Paul. Perry is an elitist progressive republican brought to you by the same people who brought you Clinton, Bush, Obama. NO THANKS.. Tea Party says NO TO PERRY.

    Report Post » GadsdenGurl  
  • GadsdenGurl
    Posted on September 30, 2011 at 3:59pm

    This asshat Perry I wouldn’t trust with my DOG. He is parroting everything Ron Paul has said for 30 years. He’s the quintessential elitist pick candidate. His record is abysmal. They canceled the straw poll in Texas because he knew he would not win it. The MSM including FOX has been shoving this moron down our throats while denying non estab. candidates like Bachmann, Johnson and Paul any airtime even though Bachmann and Paul won Iowa. EARTH TO THE VOTERS: THE TEA PARTY WILL NEVER ENDORSE TRICKSTER PERRY.

    Report Post » GadsdenGurl  
    • The Eradicator
      Posted on October 1, 2011 at 12:18am

      Ron…Paul…is…dangerously…ignorant!

      Get real, man!!!

      Report Post » The Eradicator  
    • Grey Eagle
      Posted on October 2, 2011 at 2:22am

      Okay made your point. However, I don’t think you speak for all Tea Party members. Obviously you are a Ron Paul supporter, however, he is not electable by the Republican Party. Remember he has run for President before and got nowhere. Trashing Perry will not make people elect Ron Paul. Perry is a good and decent man. He has been Governor for 10 years. He would not have been elected that much if he was not liked. I voted for Perry 3 times and will again.

      Report Post »  
  • louise
    Posted on September 30, 2011 at 3:58pm

    Perry is doing his best to try and sound like Ron Paul. In fact, so are most of the other GOP candidates. They know the gig is up and they better get their platform to square with the Constitution because the voters are knowledgeable now about everything from sound economic policy to a Constitutional government.

    Report Post » louise  
  • teapartyconservatism
    Posted on September 30, 2011 at 2:56pm

    Dr. Ron Paul, MD, Lt Col, USAF, Ret., though much maligned, recognizes as do Tea Party patriots, the urgent need to return to the Constitution as our first, best and last hope to save our nation.

    America should listen to Congressman Paul very carefully because he’s correct.

    Rather than mortgage our freedom, we must limit our bloated federal government to Constitutionally enumerated functions, while properly relying on the states for additional governance as their citizens deem necessary.

    Except for Dr. Paul, politicians avoid the real cause of our economic problems, which is the Federal Reserve. It’s caused a century of turmoil including the great depression and a 95% devaluation of our once ‘good as gold’ dollar, now replaced by fiat Federal Reserve notes.[1]

    As Chairman of the House Financial Services Subcommittee on Domestic Monetary Policy, Dr. Paul is more knowledgeable about monetary policy than any other member of Congress. He is absolutely correct about how to solve the economic problems threatening our jobs, our children’s future and the very survival of America as a free nation!

    We don’t want to waste years with a detailed audit of the Federal Reserve that accomplishes nothing economically. We want to abolish the Federal Reserve and return to Constitutional sanity!

    1. G. Edward Griffin, “The creature from Jekyll Island: a second look at the Federal Reserve”
    http://www.youtube.com/watch?v=7auQEXTWomA

    Report Post » teapartyconservatism  
    • vennoye
      Posted on September 30, 2011 at 3:08pm

      Totally agree with you on Ron Paul’s abilities. That is why I would support his being Secy of Treasury. Just can’t agree with all of his policies as a President!!

      Report Post » vennoye  
    • Jefferson
      Posted on September 30, 2011 at 3:13pm

      Perry is just ripping off Ron Paul. So is Cain other than his Federal Reserve ties. So is Bachmann. So is Newt. So is Romney. Santorum is just a boob. Christie is endorsed by Henry Kissinger
      (need I say more)

      Ron Paul:
      He became politically active the day Richard Nixon took the USD off the Gold Standard.
      He has NEVER voted to raise taxes.
      He has NEVER voted for an unbalanced budget.
      He has NEVER voted for a federal restriction on gun ownership.
      He has NEVER voted to raise congressional pay.
      He has NEVER taken a government-paid junket.
      He has NEVER voted to increase the power of the executive branch.
      He voted AGAINST the Patriot Act.
      He voted AGAINST regulating the Internet.
      He voted AGAINST the Iraq war.
      He has NEVER voted for any legislation that would limit your freedom to eat the food you choose or take whatever vitamin supplement you choose.
      He DOES NOT participate in the lucrative congressional pension program.
      He returns a portion of his annual congressional office budget to the U.S. Treasury every year.
      He has the MOST donations form the military.
      The MOST support of Independents.
      The MOST respect out of any other candidate, much less politician,

      Ron Paul. “The taxpayers best friend”

      If the corrupt “presstitute” media is against them, then they are the BEST choice for the people. Period.

      Report Post »  
    • neveragainadem
      Posted on September 30, 2011 at 3:35pm

      I watched this about a year ago ; it’s an excellent video!
      Federal Reserve Act, written by a group of bankers and sold as a sweet deal to Wilson. Even Wilson admitted later that he was hoodwinked by the bankers. But Nixon made it worse when he took the country’s currency off the gold standard. And then around 1991 Congress and Clinton repealed the Glass Steagall Act which many economists considered a questionable act as it would put the taxpayer at risk of bailing out banks. Seems their predictions were correct.

      Here’s a video about the banking history in the US:

      http://www.youtube.com/watch?v=USGSOViaulc

      Report Post » neveragainadem  
  • progressiveslayer
    Posted on September 30, 2011 at 2:50pm

    Helicopter Ben can have Qe 3 4 5 6 it doesn’t matter at this point,the dollar is so devalued now we’ll
    never get out of this.Next stop hyperinflation.

    Report Post » progressiveslayer  
  • kimosd1
    Posted on September 30, 2011 at 2:26pm

    A $ in 1813 was still worth a $ in 1913. Once the Fed was created in 1913 it has inflated (printed) money for almost 100 years. It now takes $22 to buy what $1 purchased in 1913. The “Progressive Century” must end if we want to remain a free republic.

    Report Post » kimosd1  
  • slr4528
    Posted on September 30, 2011 at 2:23pm

    All Perry can do is say and talk a conservative game and spout provocative talking points and create deceptive ads and spread falsehoods about his fellow opponents. This man personifies what is wrong with American politics. I hope his poll numbers drop like a rock.

    Report Post »  
  • smithclar3nc3
    Posted on September 30, 2011 at 2:03pm

    Why is Perry staying in the race…he’s done the moment the country heard about his 22,000 a year bribe for hispanic votes he became dead to them. The last thing this country needs is another paying to play president…….. Go back to Texas we don’t need you

    Report Post »  
    • Grey Eagle
      Posted on October 2, 2011 at 2:24am

      You are engaging in slander and libel. Perry never took a bribe of any kind. Post your sources or your comments will be just so much trash

      Report Post »  

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