Market Overview

Now Rick Perry Is Attacking The Federal Reserve

Politicians are sure good at formulating talking points depending on which way the wind is blowing. Rick Perry appears to have the strategy down pat as he ratchets up his 2012 GOP Presidential campaign. Last night, the tough talking Texas governor (does he remind you of anyone?) took a shot at the Federal Reserve. Perry said that the central bank is almost "treasonous" and that Ben Bernanke would get an "ugly" reception in Texas. Does he really believe this? He might, but why haven't we heard more from Perry on the Fed in the past?

The more likely conclusion is that Perry's people noticed how popular Ron Paul's message about the Fed is, and decided that a similar tact might score some political points. Newt Gingrich has also joined the bandwagon, calling for an audit of the Federal Reserve at the most recent GOP debate in Iowa. Will the American people fall for this? Possibly. Hopefully not. Perry took this right out of Ron Paul's playbook, and it is doubtful that he could even speak knowledgeably on the subject. It was pretty superficial stuff from Perry on Monday.

He said, "Printing more money to play politics at this particular time in American history is almost treacherous — or treasonous in my opinion." When someone asked him about Ben Bernanke, Perry said "I know there's a lot of talk and what have you about 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." How eloquent.

Posted-In: Ben Bernanke Federal Reserve Rick PerryPolitics Economics General

 

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