Perry continues Bernanke criticism
August 17th, 2011
01:55 PM ET
11 years ago

Perry continues Bernanke criticism

Bedford, New Hampshire (CNN) – Rick Perry chuckled but did not back down from his controversial charge that printing more U.S. dollars would be "treasonous" when he was asked about the Federal Reserve at a political breakfast Wednesday.

"I got a lecture about that yesterday," he said, causing scattered laughter in the audience at the Politics and Eggs forum in Bedford.

The Republican presidential candidate and Texas Gov. prompted outrage Monday when he said Federal Reserve Chairman Ben Bernanke would be "treasonous" if he printed more money to stimulate the economy prior to the 2012 election.

"I mean, printing more money to play politics at this particular time in American history, is almost treacherous, or treasonous, in my opinion," he said.

President Obama joined other critics, including GOP 2012 hopeful Rick Santorum, in calling those comments irresponsible.

At Wednesday's event Perry added he thought the Federal Reserve should be audited.

"An agency of government like the Federal Reserve, they should open their books up, they should be transparent so that the people of the United States know what they're doing," Perry said. "Until they do that, I think there will continue to be questions about their activity and what their true goal is for the United States."

Filed under: 2012 • Ben Bernanke • New Hampshire • Rick Perry
soundoff (102 Responses)
  1. NVa Native

    Wow more ignorance & arrogance from a Texass politician. Just what we need.

    August 17, 2011 03:27 pm at 3:27 pm |
  2. Sniffit

    Fun with TX job numbers from 2007-2010:

    Public sector jobs added = 125,000 (47% of all public sector jobs added in the country during that time period, which was 264,000)
    Private sector jobs lost = 178,000
    Overall net job loss = 53,000, which is essentially

    Know how Parry created 125,000 public sector jobs to pad TX's economy (which is good Keynesian economics)? That's right: using the stimulus money Obama gave TX. Therefore,


    Eat that, Teatrolls.

    BTW, don't focus too much on it being mostly minimum wage jobs. Minimum wage job growth has outpaced "good job" growth all over the nation as corporate America tries to use the recession to further its agenda of turning us all into indentured servant serf peons existing solely for their benefit...labor as an inhuman resource to be exploited, not fellow human beings. Because it's really a national trend, it shows Parry isn't special either way...he could only claim he was special if he found a way to have "good job" growth outpace minimum wage job growth. He didn't. The real argument here though, is that Parry engaged Keynesian economics just like Obama is being prevented from doing nationally by the GOP and Obama made it possible for TX to do that in the first place with the Stimulus funds.

    August 17, 2011 03:28 pm at 3:28 pm |
  3. Sniffit

    sorry, that should read

    "Overall net job loss = 53,000, which is essentially what Parry is bragging about"

    August 17, 2011 03:29 pm at 3:29 pm |
  4. mesamick

    "And I'll promise you this – I’ll work every day to make Washington DC (i.e. governance of the US) as inconsequential in your life as I can.” Taken verbatim from "Hick" Perry's POTUS candidate announcement speech.

    So, this wild-eyed, six gun wavin' drugstore cowboy has stated flat out that he's ready and willing to throw away 200 plus years of sacrifice in human lives and the work of ALL patriotic Americans who have strived to make a more perfect union.

    No thanks Ricky Bobby – I'll stick with the REAL American we already have in the White House. Pres. Obama has sworn an oath (Not a supersedes all Norquist no tax pledge) to protect and defend our constitution and our laws, not recklessly and with malice of fore thought throw it all into the trash...

    August 17, 2011 03:33 pm at 3:33 pm |
  5. Lynne

    I'm not running for president, but if I were, I would, oh, I don't know....educate myself about things like the Federal Reserve and how it works before I open my mouth! Maybe in Texas the like the all at but no cattle types for their governor but I don't want another president like that!

    August 17, 2011 03:33 pm at 3:33 pm |
  6. Jarhead

    I do not believe Perry has the brains to understand what Bernanke is talking.

    August 17, 2011 03:37 pm at 3:37 pm |
  7. ThinkAgain

    Parry appeals to people who desperately wish the self-proclaimed "Christians" really did what Christ preached (love, tolerance, charity, forgiveness, what you do to the least of you, you do to me, etc., etc.) and really did let their wealth "trickle-down" on them.

    It's a basic human thing to resist accepting that the people you trusted are really out to do you harm.

    Time to grow up and face the hard reality that is the current GOP: All it cares about is making money. If that means convincing people to vote against their own self-interest and selling the United States out to the highest bidder, so be it.

    Their God is money, plain and simple. We are nothing more than a labor force to exploit. To Parry's and the other GOP candidates way of thinking, the quicker the GOP can bring us to our knees, the better.

    August 17, 2011 03:39 pm at 3:39 pm |
  8. DVoice12

    Great...this guyis W. Bush on steroids, it W. put us in the great recession this guy will definitely put us in the great depression and finish America once and for all.

    August 17, 2011 03:39 pm at 3:39 pm |
  9. Rudy NYC

    Many conservatives out there do not realize that Geitner was a Bush appointee whom Obama carried over into his adminstration because he had played such a major role during the design and execution of TARP. They like to blame Obama for the man's selection, when he was already the man of choice of GWB. Congress postponed his confirmation until after the 2008 elections, and then postponed them further until a new Congress could be seated in Jan. 2009 because of the shift in power in the Senate.

    August 17, 2011 03:40 pm at 3:40 pm |
  10. Sam

    It's HILARIOUS how the candidates more & more are copying Ron Paul's positions which he's held for 30 years years, while on the other hand Flip Flop Perry was a Democrat no to long ago, worked on Al Gore's Campaign Staff, & only switched to a Republican because of Karl Rove!

    August 17, 2011 03:41 pm at 3:41 pm |
  11. Rick in AZ

    No need to worry about Rick Perry and his inane blatherings. He will never win the Republican nomination. He does not have the backing of Fox News. Michelle Bachmann is their darling. Karl Rove(another darling) spoke disparagingly of Perry.He's done. No hope whatever for Perry.

    August 17, 2011 03:41 pm at 3:41 pm |
  12. jane

    GOPs offer nothing but criicism....Sweep out your OWN house first!

    August 17, 2011 03:48 pm at 3:48 pm |
  13. Dtoomes

    I think Perry is some kind of a loose cannon. Always blowing off at the mouth. He has a lot of carisma but also a lot of .blow heart Just what we don't need in Washington.

    August 17, 2011 03:58 pm at 3:58 pm |
  14. keesa

    Perry is off his MEDS again today.

    August 17, 2011 04:03 pm at 4:03 pm |
  15. texan1

    Wish the governor would follow his own advice and be more transparent with his own dealings. There have been PLENTY of back-room deals that have taken place here in Texas and the citizens have been kept in the dark. Just saying .................

    August 17, 2011 04:03 pm at 4:03 pm |
  16. Al in Texas

    Perry says the Federal Reserve "should open their books up, they should be transparent so that the people of the United States know what they're doing." Funny coming from soneone who refused to debate anyone in last years gubernatorial election and would only speak before friendly groups. When he's fully vetted in public, you will see a field mouse running for cover.

    August 17, 2011 04:04 pm at 4:04 pm |
  17. TXJim

    "An agency of government like the Federal Reserve, they should open their books up, they should be transparent so that the people of the United States know what they're doing," Perry said. "Until they do that, I think there will continue to be questions about their activity and what their true goal is for the United States."
    The Fed is an independent agency so it really isnt really a govt agency.. Secondly.. the Fed undergoes audits every year with the Senate overseeing them as well as the GAO..

    Rick if you are gonna run at least have some idea of who does what at the national level of government.. and btw there is no cabinet post for Secretary of Guns.. and Secretary of Christians..

    August 17, 2011 04:05 pm at 4:05 pm |
  18. Ralph

    I bet this fella flunked Economics 101 in college. He was too busy being a cheerleader at the time. (He calls 'em "yell leaders." Duh...)

    August 17, 2011 04:11 pm at 4:11 pm |

    CLUELESS PERRY! He certainly ISN'T being transparent with the public. Lies continue to spew from his mouth. I love how he flaunts how incapacitated his thought process is.

    August 17, 2011 04:13 pm at 4:13 pm |
  20. S.B. Stein E.B. NJ

    I guess Perry is pulling what George W. Bush did in 1999/2000. Perry questioned the reason for the Federal Reserve; Bush questioned Social Security and it being a federal program. This is just another reason not to have him a president.

    August 17, 2011 04:20 pm at 4:20 pm |
  21. dick

    May the stupidest man (or woman) win.

    August 17, 2011 04:27 pm at 4:27 pm |
  22. Dave

    Are you kidding me? Saying the Fed is "an agency of the government" proves how much of a bumbling Texas imbecile this sack of recessive traits is. Try spending a few weeks reading a book on how the government works, on monetary policy and fiscal policy and be able to articulate the difference before you run for, I dunno, the leader of the free world. To add insult to injury, a statement released by Perry in response to his treacherous/treasonous comment, read: "The governor was expressing his frustration with the current economic situation and the out-of-control spending that persists in Washington. Most Americans would agree that spending more money is not the answer to the economic issues facing the country." Uhhhhhhh, reality to Mr. Perry, the FED DOES NOT SPEND MONEY. Monetary policy (controlling the money supply) and fiscal policy (spending money) are two distinctly different concepts carried out by two distinctly different entities: the federal reserve and Congress, respectively. Come on Republicans, Tea Party, right wing, have a little more dignity than this. You can't in good conscience support this guy for President. The country can't afford Bush's mentally challenged step brother in a time like this. Get Rubio to run, or Chris Christie or even revive Mark Sanford. Everyone would get over the affair. I do not support any of the foregoing individuals' policies, but I do respect them as people because they are intelligent, thoughtful and articulate and do not need to resort to threats or inflammatory statements to mask the fact they know nothing (see: Sarah Palin). We tried this Texas experiment once. Let's let sleeping dogs lie.

    August 17, 2011 04:27 pm at 4:27 pm |
  23. M-W-T

    Perry is dumber than a box of river rocks. He's so low he need a ladder to get up to the bottom.
    People in N.H. will see right thru this IDIOT

    August 17, 2011 04:31 pm at 4:31 pm |
  24. J-NW

    Perry is an extremist. Extremists always say foolish things. And everyone in audience who cheers for him, might as well be at a KKK or Nazi revival... just one big hate group. Shameful, defective human beings. I wish we'd just let Texas secede.. and hopefully the worst of the worst would migrate there. Imagine 🙂

    August 17, 2011 04:34 pm at 4:34 pm |
  25. rs

    Perry is a treasonous home-grown terrorist lunatic. That Republican even admit him as a member to their party indicates their sorry state of affairs. The absolute hatered Republicans have for governemnt (ours), and total disrespect for the office or personage of the President makes them little better than the domestic rabble terrorists we suffer with in the U.S. I am ashamed I ever associated with them!

    August 17, 2011 04:40 pm at 4:40 pm |
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