Lucille
08-22-2012, 09:43 AM
I'm not shocked. How many more ways does he have to tell us that he doesn't want our votes?
ROMNEY FALLS INTO LINE
http://www.theburningplatform.com/?p=39396
Absolutely shocking news. The owners want to keep Bernanke as Fed Chairman. I wonder why? Remember tough guy Romney during the debates trying to steal Ron Paul’s thunder by trashing Bernanke and declaring he would get rid of him. It seems Mittens has changed his mind again. New boss is the same as the old boss. Keep believing political parties matter. Your owners will dictate who wins and who is retained to keep the status quo. Change we can’t believe in.
[...]
(Reuters) – Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered for a third term as chairman.
Glenn Hubbard, economic adviser to the Republican presidential candidate, said he would advise a possible President Romney that Bernanke should “get every consideration” to stay on beyond January 2014, when the chairman’s current term expires.
The comments may come as a surprise given Romney has said he would not reappoint Bernanke beyond 2014. Further, many top Republicans have blasted the Fed’s aggressive policies since the Great Recession as overreaching and reckless.
“Ben is a model technocrat. He gets paid nothing for getting kicked around all the time. I think they ought to pat him on the back,” Hubbard said in an interview, adding he has known Bernanke since they were “practically kids” and regularly speaks to him.
“I may or may not agree with him, but that’s very different from saying I question his motives. I wish politicians would stop doing that,” Hubbard told Reuters TV. (Reuters TV interview: reut.rs/SPSy4f )
The comments from Hubbard – who himself was considered for the Fed chairmanship under former President George W. Bush, who ultimately picked Bernanke – suggests there is at least some support for the head of the U.S. central bank within the Romney camp as it battles to unseat President Barack Obama.
[...]
Romney has said QE3 would not do much economic good, and he too backed an audit of the Fed, though it is unclear whether he would want to extend that to monetary policy – as Ryan does – which could be seen as undermining the central bank’s independence.
Hubbard, who was chairman of the White House Council of Economic Advisers under Bush, said Congress is right to consider forcing the Fed to explain policy decisions. But “the idea of putting them more under the microscope of literally auditing decisions – I don’t think so,” he said.
How's that for choice, America? You can vote for the Welfare-Warfare-Police Statist in the blue jersey, or the Welfare-Warfare-Police Statist in the red jersey, both of which are loyal members of the Bank Party.
ROMNEY FALLS INTO LINE
http://www.theburningplatform.com/?p=39396
Absolutely shocking news. The owners want to keep Bernanke as Fed Chairman. I wonder why? Remember tough guy Romney during the debates trying to steal Ron Paul’s thunder by trashing Bernanke and declaring he would get rid of him. It seems Mittens has changed his mind again. New boss is the same as the old boss. Keep believing political parties matter. Your owners will dictate who wins and who is retained to keep the status quo. Change we can’t believe in.
[...]
(Reuters) – Ben Bernanke received an unlikely defense of his work at the U.S. Federal Reserve by a top Mitt Romney adviser, who said on Tuesday that he should be considered for a third term as chairman.
Glenn Hubbard, economic adviser to the Republican presidential candidate, said he would advise a possible President Romney that Bernanke should “get every consideration” to stay on beyond January 2014, when the chairman’s current term expires.
The comments may come as a surprise given Romney has said he would not reappoint Bernanke beyond 2014. Further, many top Republicans have blasted the Fed’s aggressive policies since the Great Recession as overreaching and reckless.
“Ben is a model technocrat. He gets paid nothing for getting kicked around all the time. I think they ought to pat him on the back,” Hubbard said in an interview, adding he has known Bernanke since they were “practically kids” and regularly speaks to him.
“I may or may not agree with him, but that’s very different from saying I question his motives. I wish politicians would stop doing that,” Hubbard told Reuters TV. (Reuters TV interview: reut.rs/SPSy4f )
The comments from Hubbard – who himself was considered for the Fed chairmanship under former President George W. Bush, who ultimately picked Bernanke – suggests there is at least some support for the head of the U.S. central bank within the Romney camp as it battles to unseat President Barack Obama.
[...]
Romney has said QE3 would not do much economic good, and he too backed an audit of the Fed, though it is unclear whether he would want to extend that to monetary policy – as Ryan does – which could be seen as undermining the central bank’s independence.
Hubbard, who was chairman of the White House Council of Economic Advisers under Bush, said Congress is right to consider forcing the Fed to explain policy decisions. But “the idea of putting them more under the microscope of literally auditing decisions – I don’t think so,” he said.
How's that for choice, America? You can vote for the Welfare-Warfare-Police Statist in the blue jersey, or the Welfare-Warfare-Police Statist in the red jersey, both of which are loyal members of the Bank Party.