The American people are watching you, Chairman Bernanke
The left-wing establishment in the Democrat Party and their sycophants in the mainstream news media have delighted in attacking the new front-runner in the Republican presidential candidate field, Texas Governor Rick Perry. Their crocodile tears over his statement last Sunday in New Hampshire that the easy money policies of the small majority of the Federal Reserve Board members -- most especially Chairman Ben Bernanke -- are "almost treasonous," are evident to the American people. Perry's statement is not much worse than Barack Obama inflating the number of states to 57.
The benefit to the American people over this Perry "controversary" is that it has educated the American people even more about the disastrous inflationary policies of the Federal Reserve Board. It is no wonder that the Tea Party has been delighted in Governor Perry's statements about Chairman Bernanke and the Federal Reserve Board. Tea Party supporters are much more educated about Bernanke's loose monetary policies than the news media gives them credit for; and many of the rest of the American public are catching up to them.
Indeed, Mark McKinnon, a Republican strategist and consultant -- who was a Democrat like Perry and Ronald Reagan at one time -- told "The Hill" newspaper in Washington D.C. that "Americans have come to have an unhealthy distrust of all government institutions, including the Federal Reserve, and politicians like Perry and (Ron) Paul are tapping into it."
Congressman Ron Paul who finished in second place -- behind Congresswoman Michele Bachmann -- in the Iowa Straw Poll last Saturday, and who has been a severe critic of the Federal Reserve for decades, told Fox News today: "But I have suggested very strongly that the Federal Reserve system and all the members have been counterfeiters for a long time."
With three top-tier presidential candidates, including Bachmann, willing and able to criticize the loose money policies by the Federal Reserve Board -- and by Chairman Bernanke specifically -- which seems to many like an effort to get Obama reelected, it is highly doubtful that there will be a new round of "quantitative easing" such as the apparent failure of QE1 and QE2. Central banks use this unconventional monetary policy to stimulate the national economy when conventional monetary policy no longer works.
Governor Perry's remarks about the "almost treasonous" Federal Reserve Board and its chairman have been a great benefit to the country. The Tea Party has been watching the Fed for years, but now, many other Americans are watching Chairman Bernanke and his irresponsible Federal Reserve Board.
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