Tuesday, August 16, 2011
Shorter Rick Perry:
If that treasonous Ben Bernanke ever shows up in my town, we'll organize a necktie party for the Fed chairman.
As I watch Rick Perry, I see Robert Preston as Prof. Harold Hill in the "Music Man." Perhaps in time he will segue into Burt Lancaster's "Elmer Gantry."
Here's a real nightmare: To please the Bush crowd, Perry would select Dick Cheney as his running mate. This brings to mind Edgar Bergen (Cheney), Charlie McCarthy (George W.) and Mortimer Snerd (Perry). Cheney's got his hand in everything right wing.
From another forum:
Perry’s reference to ‘almost treasonous’ actions constituted a private message to Bernanke in the context of a public statement. A classic example of a wolf whistle.
A translation of Perry’s wolf whistle to Bernanke might be something like: “don’t you dare use QE3/QE4 or other fed tools to create a temporary bubble in the economy in order to help Obama’s reelection campaign – expect consequences if you do.” The use of a public forum to convey this private warning was, I suspect, designed to enhance the effectiveness of the warning.
Sounds about right, and I think it worked. I read Bernanke's Jackson Hole speech and it sounds like he's getting on the good side of the Republicans. If Obama has lost the Fed, he's in for a tough year and a half.
In my view every person ought to look at it.
Oh my god, there's a lot of effective material in this post!