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Cigar
10-12-2015, 03:08 PM
Ben Bernanke says he is no longer a Republican because the GOP has lost its economic policy mindIt's the stupid economics. That's why he's no longer a Republican, former Federal Reserve Chairman Ben Bernanke tells us in his new memoir. Bernanke says he "lost patience with Republicans' susceptibility to the know-nothing-ism of the far right." Here's part of his indictment:

They saw inflation where it did not exist and, when the official data did not bear out their predictions, invoked conspiracy theories. They denied that monetary or fiscal policy could support job growth, while still working to direct federal spending to their own districts. They advocated discredited monetary systems, like the gold standard.

Bernanke's right; these views aren't conservative – they're kooky. Members espousing them may have made Bernanke's interactions with Congress uncomfortable, but they couldn't stop the Fed from using extraordinary monetary policy measures to try to pull the economy out of the Great Recession.

In Bernanke's harsh but accurate judgment, "fiscal policymakers, far from helping the economy, appeared to be actively working to hinder it." He's talking about Republican congressional efforts to use "must pass" legislation – e.g., raising the legal limit on total federal debt or approving annual spending bills to fund the government – as bargaining chips to achieve deep cuts in government spending, even when the economy is weak.

http://www.usnews.com/opinion/economic-intelligence/2015/10/09/ben-bernanke-has-had-it-with-stupid-gop-economics

AeonPax
10-12-2015, 04:05 PM
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"these views aren't conservative – they're kooky."

Cigar
10-12-2015, 04:28 PM
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"these views aren't conservative – they're kooky."


That make it Conservaive :laugh:

TrueBlue
10-12-2015, 04:29 PM
GREAT for Mr. Bernanke! KUDOS to him!! He obviously has a very good grasp of what is going on in the Republican Party, so much so that he would want to bail out posthaste. Hopefully, other Republicans will soon see the light also and take quick action to follow his lead.

TrueBlue
10-12-2015, 04:33 PM
Originally Posted by AeonPax http://thepoliticalforums.com/images/buttons/viewpost-right.png (http://thepoliticalforums.com/showthread.php?p=1288745#post1288745) `

"these views aren't conservative – they're kooky."




That make it Conservaive :laugh:
Amen and AMEN!

Cigar
10-12-2015, 04:36 PM
Originally Posted by AeonPax http://thepoliticalforums.com/images/buttons/viewpost-right.png (http://thepoliticalforums.com/showthread.php?p=1288745#post1288745) `



Amen and AMEN!


Congratulations, they finally got the Government they wished for, now they don't like it. :laugh:

Bob
10-12-2015, 04:45 PM
Funny that my Democrat news sources don't make that claim.


http://abcnews.go.com/ThisWeek/video/full-interview-ben-bernanke-reflects-2008-financial-crisis-34403233

He does claim Sanders is wrong.

http://news.yahoo.com/bernie-sanders-mistaken-criticism-over-action-during-financial-192004720.html;_ylt=A0SO8xENKhxW0jwArnVXNyoA;_ylu= X3oDMTByNWU4cGh1BGNvbG8DZ3ExBHBvcwMxBHZ0aWQDBHNlYw NzYw--

http://www.theatlantic.com/magazine/archive/2012/04/the-villain/308901/


The left hates him. The right hates him even more. But Ben Bernanke saved the economy—and has navigated masterfully through the most trying of times.

The right never has nor will hate Ben Bernanke. I believe he and not Obama saved the economy along with Hank Paulsen.

I find no evidence Bernanke is not a republican.

We know the snow jobs foisted on this forum by the Democratic loyalists.

Peter1469
10-12-2015, 04:47 PM
Hopefully he is going away from both parties. If he says he is going Dem, then he is a fraud. Dems are GOP times 1.5 on economic stupid policy.


Ben Bernanke says he is no longer a Republican because the GOP has lost its economic policy mind

It's the stupid economics. That's why he's no longer a Republican, former Federal Reserve Chairman Ben Bernanke tells us in his new memoir. Bernanke says he "lost patience with Republicans' susceptibility to the know-nothing-ism of the far right." Here's part of his indictment:

They saw inflation where it did not exist and, when the official data did not bear out their predictions, invoked conspiracy theories. They denied that monetary or fiscal policy could support job growth, while still working to direct federal spending to their own districts. They advocated discredited monetary systems, like the gold standard.

Bernanke's right; these views aren't conservative – they're kooky. Members espousing them may have made Bernanke's interactions with Congress uncomfortable, but they couldn't stop the Fed from using extraordinary monetary policy measures to try to pull the economy out of the Great Recession.

In Bernanke's harsh but accurate judgment, "fiscal policymakers, far from helping the economy, appeared to be actively working to hinder it." He's talking about Republican congressional efforts to use "must pass" legislation – e.g., raising the legal limit on total federal debt or approving annual spending bills to fund the government – as bargaining chips to achieve deep cuts in government spending, even when the economy is weak.

http://www.usnews.com/opinion/economic-intelligence/2015/10/09/ben-bernanke-has-had-it-with-stupid-gop-economics

Bob
10-12-2015, 04:52 PM
GREAT for Mr. Bernanke! KUDOS to him!! He obviously has a very good grasp of what is going on in the Republican Party, so much so that he would want to bail out posthaste. Hopefully, other Republicans will soon see the light also and take quick action to follow his lead.

Talk about kooky, why can't we find this in the news programs?

Bob
10-12-2015, 05:13 PM
Hopefully he is going away from both parties. If he says he is going Dem, then he is a fraud. Dems are GOP times 1.5 on economic stupid policy.

Bernanke still is a republican.