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Presidential candidate Perry's crack linking QE and treason may be little more than flowery...

Presidential candidate Perry's crack linking QE and treason may be little more than flowery language from the man who threatened Texas' secession awhile back, but Bruce Krasting believes the statement is likely to tie Bernanke's hands. "There will be no more from the Fed."
Comments (34)
  • Lint
    , contributor
    Comments (391) | Send Message
     
    “With this paper, without taxes the first three years, they fought and baffled one of the most powerful nations in Europe. They hoped, notwithstanding its quantity, to have kept up the value of their paper. In this they were mistaken. It depreciated gradually. But this depreciation though in some circumstances inconvenient, has had the general good and great effect of operating as a tax, and perhaps the most equal of all taxes, since it depreciated in the hands of the holders of money, and thereby taxed them in proportion to the sums they held, and the time they held it, which generally is in proportion to men’s wealth. Thus, after having done it’s business, the paper is reduced to the sixtieth part of its original value”–Benjamin Franklin; letter to Thomas Ruston (Oct. 9, 1780)
    17 Aug 2011, 11:43 AM Reply Like
  • Ken Solonika
    , contributor
    Comments (165) | Send Message
     
    Krasting: "There will be no more from the Fed."

     

    I suspect that Pray for Rain Perry won't be getting any support from Wall Street either, which means he won't be the nominee, thank God.

     

    Perry makes Bush the Lesser look like a genius.
    17 Aug 2011, 11:44 AM Reply Like
  • lowemoran
    , contributor
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    Impeach Barracka Hussein Omama, the parrot of krugman....
    17 Aug 2011, 11:53 AM Reply Like
  • buybuybear
    , contributor
    Comments (389) | Send Message
     
    GS thinks that equities have already priced in 200-300B of QE3... oh oh?
    17 Aug 2011, 11:44 AM Reply Like
  • kblack4
    , contributor
    Comments (26) | Send Message
     
    Rick Perry vs the Fed. Tardfight!
    17 Aug 2011, 11:47 AM Reply Like
  • apberusdisvet
    , contributor
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    Perry's obvious pandering to Ron Paul's constituency will only serve to increase the budget for FED security; paid for, of course, by the same US taxpayers that have been screwed by the FED for close to 100 years.
    17 Aug 2011, 11:48 AM Reply Like
  • PeakOiler
    , contributor
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    Perry doesn't need any money from Wall Street, he's got Texas billionaires helping and he's got Jesus too. Why didn't Perry play high school football? Because the helmet would have mussed up his hair.
    17 Aug 2011, 11:48 AM Reply Like
  • SonofFred
    , contributor
    Comments (5) | Send Message
     
    Excuse me, but Rick Perry did play high school football, and he was a quite good player....entering into the six-man football playoffs as a proud member of the Paint Creek Pirates.
    17 Aug 2011, 12:02 PM Reply Like
  • bigbenorr
    , contributor
    Comments (739) | Send Message
     
    Rick: "Thanks Mom."
    17 Aug 2011, 12:06 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    But did Rick Perry ever score 4 touchdowns in one game like Al Bundy for Polk High?
    17 Aug 2011, 12:11 PM Reply Like
  • SonofFred
    , contributor
    Comments (5) | Send Message
     
    Does this mean that Perry is the most powerful candidate to ever step onto the political stage? Just a mention from him and Bernanke's hands are tied? Wow! Just imagine what he could do if he were the President of the US?

     

    And by the way.....it DID rain in Texas!
    17 Aug 2011, 11:48 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    And the rain ended the drought.
    17 Aug 2011, 01:02 PM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    One of the axioms of centrist and conservative political thought, certainly during the post WW II period, has been that the central bank should be free from day to day partisan political pressure. By his hyperventilating comments Presidential candidate Perry draws into serious question where he stands on this axiom.
    17 Aug 2011, 11:51 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    I wonder if Perry also believes the Statue of Liberty is a pagan idol. (as the "apostle" he partnered with does)
    17 Aug 2011, 11:54 AM Reply Like
  • lowemoran
    , contributor
    Comments (130) | Send Message
     
    Well Omama is the anti-Christ that is for sure.

     

    God Bless America and protect us God from the anti-Christ Omama.
    17 Aug 2011, 12:00 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    "..Well Omama is the anti-Christ that is for sure.."

     

    You know, your constant spamming of that kind of crap here and in Stock Talks is really getting old and tiresome.
    17 Aug 2011, 12:05 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    If Perry does not win the nomination who do the Republicans expect to win?

     

    Please don't tell me it is Romney.
    17 Aug 2011, 11:57 AM Reply Like
  • bigbenorr
    , contributor
    Comments (739) | Send Message
     
    Given the choice between those two, I would choose........death.
    17 Aug 2011, 12:08 PM Reply Like
  • Vuke
    , contributor
    Comments (1645) | Send Message
     
    We've seen the damage one loose Texas cannon on deck can inflict on the world. Is another a wise choice?
    17 Aug 2011, 12:02 PM Reply Like
  • Tschurin
    , contributor
    Comments (313) | Send Message
     
    As long as we're engaging in geographical biggotry, probably no less wise a choice than another person from the North East to run the Federal Reserve after suffering through the mistakes of Alan Greenspan ;-)
    17 Aug 2011, 12:45 PM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    We have a love-hate relationship with DC politicians, don't we? We say we don't want the 'business as usual' routine, but if someone makes anti-establishment statements, they are a fringe kook. We say we don't want a polished politician who gives canned responses but then we engage in character assassination when they say something outside the bounds...and many times we let the media define our issues and candidates. Because it's easy.
    17 Aug 2011, 12:51 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    It is not making an anti-establishment statement.

     

    Perry needed to choose his words more carefully.

     

    Instead of using the word treason say that his policies have not fostered economic growth as intended and that he has been too political with his job harming the Fed's reputation worldwide.
    17 Aug 2011, 12:57 PM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    The Fed has done a fine job of damaging their own reputation. There IS an argument that the Fed is being treasonous in devaluing our currency.
    17 Aug 2011, 01:03 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    And that is my whole problem with Perry's statements. They tell me that he will not roll up his sleeves and work with everyone to solve our problems. Instead, he will get into anyone's face whose ideas do not match his ideology.
    17 Aug 2011, 01:05 PM Reply Like
  • Vuke
    , contributor
    Comments (1645) | Send Message
     
    Tschurin, the comment is not on Texans. That's an adjective. It's about loose cannons, shooting randomly from the hip.

     

    They can come from anywhere. Everyone is in this together and there's no room for low brow ignorance, no matter the political persuasion.
    17 Aug 2011, 09:39 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2481) | Send Message
     
    A Presidential candidate makes a ludicrous comment and the now the Fed's hand are tied? I think that makes two ludicrous comments!
    17 Aug 2011, 12:04 PM Reply Like
  • Bear Bait
    , contributor
    Comments (665) | Send Message
     
    Gee Vuke now all I have to say is ditto.
    17 Aug 2011, 12:04 PM Reply Like
  • Terry330
    , contributor
    Comments (866) | Send Message
     
    In his 2010 book, Fed Up! Our Fight to Save America From Washington, Perry wrote this: "We are fed up with bailout after bailout and stimulus plan after stimulus plan, each one of which tosses principle out the window along with taxpayer money."

     

    But the reality of Perry's relationship with fed-stim is complicated. Through the second quarter of this year, Texas has used $17.4 billion in federal stimulus money — including $8 billion of the one-time dollars to fund state expenses that recur over and over. In fact, Texas used the federal stimulus to balance its last two budgets.
    17 Aug 2011, 12:16 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    Perry is yet another one of those candidates that looks OK at first glance, but then the more you look, the more weird stuff you find.
    17 Aug 2011, 12:21 PM Reply Like
  • Lint
    , contributor
    Comments (391) | Send Message
     
    Just like every single one of them..the only one who stands out to me is Ron Paul...
    17 Aug 2011, 12:39 PM Reply Like
  • Windsun33
    , contributor
    Comments (4263) | Send Message
     
    At this point, the only ones I would vote for are not running :(
    17 Aug 2011, 12:40 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Chris Christie.
    17 Aug 2011, 01:08 PM Reply Like
  • Onlinden
    , contributor
    Comments (117) | Send Message
     
    Why would Bernanke give a sh*t what a long-shot Prez candidate says when he ignored the screams from elected and powerful Congressional & Senatorial officials? I'm not arguing whether he's been right or wrong -- just that the idea he's scared of Rick f-ing Perry is ridiculous.
    17 Aug 2011, 12:26 PM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    Onlinden -

     

    Arguably it not so much a case of the Chair of the Federal Reserve being frightened off by this or that hyperventilating elected or active political figure (you are quite correct that he's not and it goes wilt his office that the Chair not be rattled by such background noise). Rather, if Fed Res policy becomes a central political issue distinguishing one Party from another (i.e. the Fed is dragged into the middle of the election campaign), the this is bound to have a chilling (and potentially detrimental) effect on the development of Fed policy.
    17 Aug 2011, 03:27 PM Reply Like
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