Posts Tagged ‘fed
Ruth Marcus (Washington Post); Rick Perry is no George W. Bush. This is not a compliment … his 2010 Tea Party-steeped manifesto, “Fed Up!,” makes George Bush look like George McGovern. Perry has said he wasn’t planning to run for president when he wrote the book, and it shows:
● He floats the notion of repealing the 16th Amendment, which authorized the federal income tax. Perry describes the amendment as “the great milestone on the road to serfdom” because it “was the birth of wealth redistribution in the United States.”….
●He lambastes the 17th Amendment, which instituted direct election of senators, as a misguided “blow to the ability of states to exert influence on the federal government”….
● He laments the New Deal as “the second big step” – the 16th and 17th amendments being the first – “in the march of socialism and….”
● He specifically targets Social Security for “violently tossing aside any respect for our founding principles of federalism and limited government”….
● … he is even less happy about the Great Society, suggesting that programs such as Medicare are unconstitutional….
…. Perry’s views on the role of judges may be the most alarming given a president’s ability to shape the Supreme Court for decades to come. He writes about the current court with venomous disdain …. Disagreeing with liberal justices is one thing. Accusing them of not caring about the Constitution is like denouncing the opposing party as unpatriotic …
…. The subtitle of Perry’s book is “Our Fight to Save America from Washington.” Reading it summons the image of another, urgent fight: saving America from Rick Perry.
Full article here
Business Insider: After all the speculation that Rick Perry’s threats against Fed Chairman Ben Bernanke would hurt his relationship with Wall Street, at least one banker is pledging his company’s support.
WGIR New Hampshire Radio’s Paul Westcott captures this clip of an unknown individual telling the Texas governor at a “Politics & Eggs” event in New Hampshire: “I’m from Bank of America and we’ll help you out.”
UPDATE: ZeroHedge identifies the Bank of America official as James Mahoney the Director of Public Policy for the bank. Mahoney is a member of the board of directors of The New England Council, one of the events sponsors.
It’s worth noting again that Perry threatened Fed Chairman Ben Bernanke, and said any attempt by the Fed to print more money would be “almost…treasonous.”
UPDATE 2: Mahoney is not registered as a lobbyist, and a BofA spokesman tells POLITICO he works on policy …. Spokesman Lawrence Di Rita: “Bank of America does not endorse Presidential candidates. The reference was about following up on the substance of the speech about job creation and economic growth. Discussing policy issues that affect our company and our customers is something we do with policymakers of both parties routinely at the local, state, and Federal levels.”
ZeroHedge: Should we be surprised, frightened, disgusted or simply say “we knew it” …. At least we know now who is funding what, and whose interests potential future president Perry will be paid to defend.
Thank you Fred