Why America Might Fail

People like Rick Perry and statements by him like the one below, if taken seriously, would ultimately kill this country. In typical neoconservative fashion the truth is twisted upside down. It is Perry who is politicizing the Fed.

Misgivings aside the Fed did remain quiet during the debt ceiling crisis. If there was ever a time to take sides that was it. Schmucks like Perry put undue pressure on an already difficult and complex job at the Fed at an incredibly fragile moment in time.

He’s free to argue policy differences but as a GOP candidate he is way over the line.

In any event anyone more than halfwitted will see this. The real concern is the percentage of half wits in this country who come out to vote. Maybe we should make the voting process more complicated as a natural screening tool to weed out half wits.

One more reason to support alternative energy solutions. We need to reduce our dependence on foreign and Texas crude!

Perry Says Fed Spending Before Election Almost ’Treasonous’

Aug. 16 (Bloomberg) — Texas Governor Rick Perry, finishing his first full day of campaigning for the U.S. Republican presidential nomination in Iowa, said it would be “almost treacherous — or treasonous” for Federal Reserve Chairman Ben S. Bernanke to increase stimulus spending before the 2012 election.

“If this guy prints more money between now and the election, I don’t know what you would do with him,” Perry said at a backyard appearance in Cedar Rapids, Iowa. “We would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous — or treasonous in my opinion.”

Perry was making his campaign debut after a weekend Iowa Republican Party Straw Poll in which Texan Representative Ron Paul, a longtime Fed critic, finished a close second to Minnesota Representative Michele Bachmann. At a backyard Republican fundraiser yesterday, Perry was asked what he would do about the central bank.

“We have to learn the lessons of the past three years that they’ve been devastating,” he said. “The president of the United States has conducted an experiment on the American economy for almost the last three years, and it has gone tragically wrong.”

’Printing Money’

Initially, Perry said he would “take a pass on the Federal Reserve” when asked about its policies. Asked in a follow-up interview whether he thought the Fed was playing politics to help President Barack Obama win re-election, ABCnews.com reported, he said: “If they print more money between now and this election, I would suggest that’s exactly what’s going on.”

Fed spokeswoman Michelle Smith today declined to comment about Perry’s remarks.

Perry, 61, had started the day at the Iowa State Fair, touting his economic record and fielding reporters’ questions as he sought to distinguish himself from his two leading rivals for the Republican presidential nomination: Bachmann and former Massachusetts Governor Mitt Romney.

In remarks made at the Des Moines Register’s “soapbox” fair stage, Perry also drew an apparent comparison between himself and the president:

“So a guy like me can stand up on a soapbox at the Iowa State Fair and talk freely about freedom and liberty and America and that we are an exceptional country and we’re going to stay an exceptional country,” Perry said. “We don’t need anybody apologizing anywhere in this world about America. I get a little bit passionate about that. That’s OK. I think you want a president that is passionate about America, that’s in love with America.”

Question for Obama

At the event in Cedar Rapids later, a reporter asked Perry whether he was suggesting that Obama doesn’t love America.

“You need to ask him,” Perry responded, according to ABC News.com. “I’m saying, you’re a good reporter, go ask him.”

Pat Buchanan, a Republican who has sought his party’s nomination for president and is a commentator on MSNBC’s “Morning Joe,” said today: “I think Perry has probably made some statements he’s going to have to walk back a bit.”

Buchanan, who sought the Republican nomination in 1992 and 1996, said on the program: “In presidential politics I think you ought not to ask or imply that someone doesn’t love his country, especially the president of the United States.”

Perry vs. Bachmann

Perry, asked why he would be a stronger opponent for Obama than Bachmann, said: “Our records are pretty easy to find and 10 years of being an executive, running a state the size of Texas, matters. It’s pretty hard to argue that we haven’t created a job-creating machine in the state of Texas and I think that’s what people are looking for.”

Questioned on how he is different from Romney, who touts his private-sector experience that includes helping found the Boston-based venture capital firm Bain Capital LLC, Perry responded: “Check his record in Massachusetts when he was governor and I think you’ve got some apples to apples.”

Discussing Romney’s private-sector experience, Perry said he had some, too, from his time as a rancher before entering full-time elected office. He kept much of his focus on Obama, saying the president had to “get rid of the regulations that are stifling jobs in America.”

Obama also visited Iowa yesterday as part of a three-day campaign-style tour through the Midwest, concentrating on his policies for job creation. The president is making another appearance today in Peosta, Iowa.

Perry was touting the economic gains of Texas as he sought support in the state that will host the first caucuses for the Republican presidential nomination early next year.

‘Low-Tax, Low-Regulation’

“We can take those same low-tax, low-regulation, low- lawsuit theories and you implement it at the national level,” he said. “Think about what will happen in this economy and this world.”

Texas added more than 900,000 jobs from December 2000 — when he became governor — to December 2010, according to the U.S. Labor Department. It ranked 45th in the country for state and local tax burden on income in fiscal 2009, according to the Tax Foundation, a nonprofit group in Washington.

Democrats challenged Perry’s job creation claims, saying many of the jobs added during his term have been low-wage ones.

“Governor Perry fits a little bit of the stereotype that some people have of Texas,” Texas Representative Lloyd Doggett told reporters on a conference call. “He’s a little big for his boots, there’s a little swagger and he’s really big on miracles, especially miracles that he thinks that he’s performed.”


Perry and Bachmann, 55, are the two candidates best- positioned as alternatives to Romney, 64, who leads in national polls and fundraising among Republicans. Bachmann boosted her prospects by winning the Iowa Republican Party’s straw poll on Aug. 13, a contest in which Romney didn’t actively compete and Perry’s name wasn’t listed on the ballot.

Bachmann is focusing her campaign on Iowa, where Tea Party activists and social conservatives dominate. Perry — who also appeared in Waterloo, Bachmann’s birthplace — is expected to challenge her in the state. Romney is placing his emphasis on New Hampshire, where he owns a vacation home and where the nation’s first primary will be held, following the Iowa caucuses.

Perry, the longest-serving U.S. governor and an early Tea Party supporter, formally declared his candidacy Aug. 13 in South Carolina, another early primary state. He is starting about seven weeks after Bachmann formally declared her candidacy.

During his speech at the fair, Perry praised some gun rights supporters in the audience. He was later asked whether he was armed at the state fair. “I never comment on whether I’m carrying a handgun or not,” he told Politico.

Military Record

Perry told reporters his experience as a U.S. Air Force pilot will be an asset for his campaign, adding that he won’t resign his governorship as part of his presidential bid.

He was elected lieutenant governor in 1998 and took over the top job shortly after then-Governor George W. Bush won the presidency in late 2000.

Perry was asked whether another Texan will face difficulties running for president after Bush’s two terms.

“Our records are quite different,” he said. “I went to Texas A&M. He went to Yale.”

A detail of Texas Rangers shadowed Perry as he made his way around the fair, just as they did with Bush when he campaigned for president when he was still governor.

Ethanol Subsidies

On ethanol, a corn-based fuel that’s an important issue in agriculturally oriented Iowa, Perry said the nation needs to have a conversation about all of its energy subsidies.

“Obviously, the subsidies on ethanol are going to be moving out of there,” he said. “It’s a mature industry.”

Iowa Governor Terry Branstad, a Republican who had breakfast with Perry and briefly chatted with him after his speech, told reporters the Texas governor is a good fit for Iowa Republicans.

“He understands retail politics,” he said. “It’s very obvious that he’s very at home and very comfortable here at the Iowa State Fair.”

Branstad said he has no plan to endorse a candidate in his party’s presidential race anytime soon.

To contact the reporter on this story: John McCormick in Chicago at jmccormick16

To contact the editor responsible for this story: Mark Silva at msilva34

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