Gov. Rick Perry Reveals More Extremism with Printing Money Gaffe

Article is about Perry and his wild comments. He uses them to get attention which is good for politicians, but when people actually challenge him he falls apart and recants. You all need to focus and stop getting off-track. Solar scandals, printing money, screw yahoo, abolish the fed, wow. I live in Texas and watched this "igit" for ten years, you all are now just beginning to see his true colors. Texas government, for business bought by business, and government getting bigger each year. Lol!!!!

Hey solar scandal guy - just think "Big Oil" and the $200B in tax breaks in the last decade. That didn't help us one bit....but we keep giving it away to companies making more money every year. That is hypocrisy....

William Browning is a research librarian specializing in U.S. politics. Born in St. Louis, Browning is active in local politics and served as a campaign volunteer for President Barack Obama and Missouri Sen. Claire McCaskill. Looser kool aid drinking librarian

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claiming the Fed chairman can print money is ludicrous
Only because our money, for the most part, is never printed and exists only in loan docs, computers, and ledger sheets.

Make no mistake, Research Librarian Browning, the "Federal Reserve" banks control the money supply. Your understanding of the constitution is absolutely correct, but nobody in the federal government could give a flying hoot about that ancient faded document.

Well, I take that back, actually there is one congressman who cares very much, and we're fortunate that he's running (against Perry) for President. Vote him in, and the way you think things are could be the way things actually become.

William Browning reveals more extreme ignorance by describing the constitutional limits on the President and Congress but mis-characterizing the Federal Reserve.
He writes "The Federal Reserve is also an executive department of the president of the United States. However, it is Congress that ultimately allows these departments to exist. The president can recommend Cabinet-level positions, but they still have to be authorized and funded by Congress." and "Although Perry is trying to make a point about how he believes Bernanke isn't doing the economy any good, claiming the Fed chairman can print money is ludicrous."

The Fed Chairman is not a Cabinet member. He is the independent head of a private organization that has enormous power over our economy. Before writing any more about something he does not understand, I suggest Mr Browning read a book by G. Edward Griffin entitled "The Creature From Jeckyll Island." It describes the origins, functions and methods of the Federal Reserve, which is not Federal and has no reserves. The Fed can, in fact, do the equivalent of "printing money" and can just make it appear out of thin air. That ability is the basis for all Fedearl Government deficit spending. That's why Congress won't ever abolish the Fed; they like the way it works for them. All citizens should learn how the Fed works. It will frighten them to death and change the way they view government and our financial system. It may also explain why people make observations such as the one by Rick Perry that is so undeservedly being ridiculed by Mr. Berowning. Rick Perry isn't perfect by any means but he's right in this description of the Fed and Mr. Browning is inaccurate in his criticism of that description.

Perry is only preaching to the choir of ignorant .

How many republicans does it take to sell our your country?

1 if you elect him president!!!!!

everytime this buffoon opens his pie hole it gets worse for him

Some people rather live in a world where we don't take care of our poor, sick, elderly, babies...really?
We need to cast out and turn our backs on the elderly, babies, sick and the poor! Is that what the Bible says and is that what Jesus preaches...really?, Or is this what the Republican what us to believe.
There is only one way to correct all this, it is to cancel the tax cut for the rich. It works like this:
So the government made all these promises, to pay old people social security, medicare, build roads, military to protect us, unemployment, etc, etc, you know the things that private businesses can't and don't want to do. Things were going just fine up until the Bush tax cuts, you know we had a surplus plus. Yes when the tax cuts came along things just got worse. The rich got richer, now it's time for the middle class and the poor to give up more. Why not go back to where we were, before the tax cut and get things back on track, rather than cut back on the middle class.
I will tell why.

Look what the stock market is doing now.
John Boehner say it's not about the election it's about the economy, stupid. Well the fact is he's holding out to cut social security and medicare and other important programs. He also wants to keep the recession going up until after the election to sway it to the GOP. He wants to hold back our 401k's, pension, people losing their jobs, home, life saving, health insurance and everything else so they can win some elections. We are being held hostage.
No matter what, if we don't wake up, either way we are going to lose all those things and more. The middle class loses now and even loses bigger later.
There is only so much money to go around, it's like any other resource. In order for the rich to get more it has to be taken from the middle class, more so than the poor because they don't have enough to take.
Why don't we ever hear about cutting entitlements for the politicians?
The politicians stole our Social Security and Medicare money to give tax breaks to the rich. The money was there, it should have been there, it would have been there, but they gave tax breaks to the rich and borrowed form Social Security to pay for rich people tax cuts.

We forget that politicians have been borrowing money from Social Security to pay for other things. If it was a private pension plan there are laws to keep companies from stealing the pensioners money and wasting it elsewhere. Private pension money is protected by law. Now with Social Security it was used to pay for other things while the rich got tax cuts. Now they wasted our Social Security and Medicare money so the rich can have their tax cuts they want to take away what we all ready paid for our whole lives so the rich can continue to get their tax cuts. The politicians are going to put this whole problem on the backs of Seniors, Middle Class, and the Poor.
Actually Greece has the same problem we do, only worst, that is why they are in such deep trouble. There is so much corruption in Greece the rich get away not paying way more than the rich in the good old U.S.A. And if we keep up letting the rich get away paying such a small percentage in taxes we will be the same way.
Every time I go to a meeting or hear a group of people complaining about people getting more entitlements and its usually tea party or Republican people who have their entitlements but think all the other people should not get their own. The politicians are the same way, they get more entitlements than anyone but they never say a word about them. What a bunch of hypocrites. The Republicans preach and teach hate.
Some people rather live in a world where we don't take care of our poor, sick, elderly, babies...really?
We need to cast out and turn our backs on the elderly, babies, sick and the poor! Is that what the Bible says and is that what Jesus preaches...really?, Or is this what the Republican what us to believe.

Why did the Rick Perry cross from the democrat side the road?

Because he had already crossed all his constituents!!!!

Bernanke is a registered Republican. Why all of they hate against a fellow Republican? This is why I am voting for Romney, Perry is flat out nuts.

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Well said. But these stupid tea baggers will not accept the truth. They are all idiots with little or no education.

Do we really want another Medicare killing C & D student from Texas to run this country? Especially after the last one's dismal record.

I'm just as unimpressed by Rick Perry as the next rational American; but this writer is either full of ignorance about the Federal Reserve or is counting on the public ignorance of the same subject to pass on falsehoods. Let me run through some of his arguments:

' Article I Section 8 gives distinct powers to Congress including the power to "coin money [and] regulate the value thereof." '

Very true, at least he recognizes we a constitution and that the constitution should be the basis of all government actions.

"it is Congress that ultimately allows these departments to exist. The president can recommend Cabinet-level positions, but they still have to be authorized and funded by Congress."

This is supposed to make one believe that Fed's individual policy decisions are authorized by congress. False, false, false logic. Recently when Bernanke was speaking in congress, he vehemently defended the independence of the FED from congress and the White House or "political influence".

"claiming the Fed chairman can print money is ludicrous."

No, it is not. That's what central banks do, here and everywhere this banking system is in place. The latest round of the Fed printing money was called QE2 (quantitative easing, round 2). If you know of any bill from congress authorizing this, please make it public here.

"the private sector was what caused the subprime mortgage collapse in the first place."

No, that's not true. Listen to the testimony of former Fed Chairman Allan Greenspan to congress after the financial meltdown of 2008. The mal-investment that built up the sub prime mortgage in the first place was a result of loose monetary policy instituted by the Fed under Greenspan. When you take the lid off the candy bowl at a kids' party, don't act shocked when they dive in and grab handfuls.

Perry is not a true believer in the constitution ans is surely trying to score points; but that does not mean this writer can jump on his back and feed us falsehoods.

Perry is a bore

Rick,why not manufacture the element gold from other elements for a special DEBT REDUCTION COLLECTERS ITEM coin with Obama on it? Regardles the cost of manufacture it could be sold at double that and appilyed to reduce Federal DEBT.At the same time it would create a few taxable jobs manufacturering it.

SENIORS BEWARE !!!!!!!!!!!!!!!!!!! RICK PERRY will KILL your Medicare and Social Security and give that money to his rich owners.

Good book called "Reckless Endangerment" explains from A to Z essentially that the Democrats goosed the Main Street side of the equation and
Republicans goosed the Wall Street side.
Tea-baggers seem to be all for individual responsibility ("Let him die!") sans compassion.

The most biasd article to date.

The Bernank CAN and IS printing money. The main reason for that is because the Govt. is spending and will have to spend trillions - yes TRILLIONs to recover from the housing fiasco. Total mortgage debt in the US went up from nearly 4 trillion in 1998 to 12 trillion by 2008, whilst population went up only a small amount. This means there are trillions of dollars worth of losses unaccounted for by the banks. Since Fannie and Freddie basically "insure" the banks by guaranteeing loans, these losses fall on the tax payers.

In actuality, if you think of it, money printing is the fairest form of taxation. All dollars are equally devalued, i.e. its actually a flat tax, equally imposed on everyone.