So Rick Perry said today that the Federal Reserve Chairman would probably get beat up if he ever showed up in Texas.
10 years ago, you could probably replace “Federal Reserve Chairman” with “gay” and the statement would be more true, and 50 years ago you could do the same with “black”.
So I guess that’s progress.
Sure wouldn’t like to be a gay black Federal Reserve Chairman strutting around Lubbock though.
“If this guy prints more money between now and the election,” Perry said, “I don’t know what y’all would do to him in Iowa, but we — 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.”
For the record, I’m only make light of Perry’s statement not because of the silly “treat him pretty ugly” line, but because of the stupidity of the actual policy position
Perry is talking about QE1 and QE2, which aren’t printing money so much as (from as much as I can figure out since economic wracks my brain) they are the Fed buying back government bonds from corporations using electronic cash (meaning it just changes imaginary balance sheets, as opposed to handing over physical cash). The cash part doesn’t matter. It’s just a phrase that polls well. But the arguments for and against QE aren’t “political”.
Perry suggests quantitative easing (“printing money”) would be playing politics with the economy. Which is the economic equivalent of saying “If the General of the Army wants to draw down troops in Iraq slowly in order to prevent chaos from happening, then he is playing politics with the troops” …since stability would help the President in office. And saying “the General should be careful about coming down to Texas”. Somehow the Fed Reserve Chairman (the one appointed by Bush) is now fair game for public flogging via interview by a possible major party nominee.
Seriously. Many economists think more QE is needed. A bunch think it isn’t. It’s an economic debate though, not a conspiracy to temporarily boost the economy long enough for Obama to be reelected, as Perry is implying.
He’s only been on the trail for three days and is saying more crazy shit per hour hours than Bachmann can per week. When people start saying is he a dumb version of Bush (and they will, after they stop using the phrase “Bush on steroids”), I suspect it will stick, and not in the good way that conservatives think everyone hates smart people.
Because plenty of people don’t like smarmy smart people. But more people hate stupid people. Even Bush went to Yale. And I suppose I’d take a C student at Yale over someone who couldn’t get over a C in nearly anything at Texas A&M, including Ds in “Feeds & Feeding” and “Principles of Economics”. He did get an A in “Improv of Learning” though.
You can’t make this shit up.