Tag Archives: Federal Reserve

The Rethuglican Duhhh-bate

From Perry Bacon Jr. at POST POLITICS at The Washington Post:

New Jersey governor and almost-2012-candidate Chris Christie made headlines with his decision to endorse former Massachusetts governor Mitt Romney on Tuesday, on the eve of a presidential debate. Here’s a look at the potential impact of his endorsement.

Why it won’t matter:

…snip…

Polls suggest, despite the clamor in Washington and New York about Christie, that he’s not that well known or extremely popular among Republican voters. A Washington Post/ABC News poll last week suggested a majority of Republicans either didn’t have an opinion or didn’t want the New Jersey governor to run for president.

So it’s not clear how many voters will be persuaded by his endorsement.

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Kick Rick

From GULF TIMES:

Republican front-runner Rick Perry came under heavy fire on Social Security, jobs and his record in Texas in a heated US presidential debate on Monday as rivals tried to halt the governor’s momentum.

…snip…

Perry’s rivals questioned his claims about Texas job creation, his stance on illegal immigrants and an executive order he gave as governor, which he admitted was a mistake, that young girls be vaccinated for a sexually transmitted virus that causes cervical cancer.

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Science Friction: A Canary in the Batshit Cave?

From Deseret News:

Jon M. Huntsman Jr., a former Utah governor who has been stuck in the second tier of candidates for the Republican presidential nomination, took an assertive new tone during a televised interview Sunday, saying that recent remarks by two of his major rivals were “extreme” and “unrealistic.”

He was referring, respectively, to two of the most conservative Republican candidates for president — Gov. Rick Perry of Texas and Rep. Michele Bachmann of Minnesota — both of whom have overshadowed him in surveys of Republican voters.

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A Tale of Two (P)Ricks

From THINK PROGRESS:

Yesterday, ThinkProgress caught Gov. Rick Perry (R-TX) on video threatening Federal Reserve Chairman Ben Bernanke during a trip to Iowa. Perry, the latest Republican to announce a campaign for the White House, called any effort by the Fed to provide monetary stimulus “treasonous in my opinion” and added that he would treat Bernanke “pretty ugly down in Texas.” On CNN this afternoon, former Sen. Rick Santorum (R-PA), another candidate in the race, slammed Perry’s comment and said any suggestion of treason is pure politics:

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Gold (for those with no) Standards

From THINK PROGRESS:

Conservative lawmakers across the country seem determined to crucify mankind upon a cross of gold. In the past week, a string of articles have exposed how once-fringe conservative economic theories have migrated into the political mainstream — with alarming consequences.

Perhaps the most obvious example is the conservative gold craze, which is based on apocalyptic beliefs that the U.S. dollar is on the verge of collapse, runaway inflation is imminent, and gold is a more stable and reliable currency than paper money. The tough economic times have spurred many Tea Partiers in particular to rush to invest in gold, pushing its price to a record high. Glenn Beck and other talk show hosts frequently advertise gold on their shows — along with fallout shelters — “as a way to weather the end of the world as we know it.”  And presidential contender Ron Paul (R-TX), who was made chairman of the House committee overseeing federal monetary policy, has long advocated returning to the gold standard and abolishing the Federal Reserve.

This month Utah became the first state in the country to officially recognize gold and silver coins as legal currency:

Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”

…snip…

The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy. Galvez says Americans are losing faith in the dollar. If you’re mad about government debt, ditch the cash.

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Make Room for Randy!

From The Houston Chronicle:
WASHINGTON — For much of his 21 years in Congress, Rep. Ron Paul has been a party of one.

The Lake Jackson Republican’s libertarian sensibilities make him a cult figure to some and a painful thorn in the side to others, including members of his own party. In retaliation for prizing ideology over party, he often was passed over by the GOP hierarchy for plum posts.

Next year, however, looks different for the Paul family.

Rand Paul, one of five children of Ron and Carol Paul, will share his father’s Virginia condominium — after winning an election of his own. In addition to a change of clothing, he will bring a tea party agenda of deficit reduction and limited government that is remarkably similar to the ideas that Ron Paul has been espousing for decades.

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Crap Shoot

From the Los Angeles Times:

They want to repeal the healthcare overhaul, pare back financial regulations, slash federal spending and curtail the reach of the Environmental Protection Agency. In essence, they want to challenge the agenda of the Obama administration at every turn.

The new GOP chairmen of key House committees such as Appropriations, Budget, Energy and Commerce, and Oversight and Government Reform believe they have a mandate to check the size and scope of government.

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