… AND PRINTING BENJAMINS
In yet another example of his commitment to the failed status quo in Washington, D.C., “Republican” presidential nominee Mitt Romney is now signaling his support for Ben Bernanke – the chairman of the secretive Federal Reserve and chief architect of America’s failed monetary policy.
“Ben is a model technocrat,” top Romney economic advisor Glenn Hubbard told Reuters. ”He gets paid nothing for getting kicked around all the time. I think they ought to pat him on the back.”
Hubbard added that Bernanke should “get every consideration” when it comes to staying at his post beyond January 2014.
Wait … what? We thought Romney had previously indicated his opposition to renominating Bernanke, who was reappointed to his post at this secretive entity three years ago by Barack Obama after serving under former president George W. Bush. What is this? Another Etch-A-Sketch moment?
“For all of his anti-Obama rhetoric, we believe (Romney) offers voters very little in the way of substantive difference,” we wrote back in May when the former Massachusetts governor clinched the GOP nomination. “In fact, Romney is every bit as Keynesian as Barack Obama is – he’s just less honest about it.”
Once again, we were right.
Romney has made it clear that he has no interest in cutting government. Now he’s making it clear that he plans to continue printing money in an effort to help pay for this unsustainable growth. In fact, his campaign’s statement of support came on the same day that Bernanke made it clear the Federal Reserve was considering yet another round of money printing to “stimulate” the economy.
Again … how is this approach in any way different than the policies endorsed by the current administration? And what, exactly, does Romney think that continuing to print, lend and spend money borrowed from future generations of taxpayers is going to do for the economy?
Last time we checked he was running against the piss poor results of precisely such policies …