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August 16, 2011

Did Perry Go Too Far?

Texas Gov. Rick Perry, campaigning in Iowa, said it would be "almost treacherous -- or treasonous" for Federal Reserve Chairman Ben Bernanke to increase stimulus spending before the 2012 election, Bloomberg reports.

Said Perry: "If this guy prints more money between now and the election, I don't know what you would do with him. 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."

First Read: "Those comments -- especially those regarding the Fed -- must be making some folks on Wall Street and in the GOP establishment very nervous right now. Bernanke, after all, was an original Bush appointee. The question becomes: Do Perry's remarks disqualify him among some in the GOP establishment? Or is this where the Republican primary voters are right now? Perry supporters will argue that he was joking and simply Perry being Perry. The importance of getting establishment money and support will be known later today if somehow we hear the slightest walk-back of the Bernanke comments. Bottom line: We got a glimpse of the Perry that some Romney supporters believe will be the Texan's undoing. It also won't quiet the Ryan-Christie speculation."


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