White House Fires Back at Perry Comments

[SecularMotion]

Source: NY Times

GUTTENBERG, Iowa (AP) — The White House is firing back at Republican presidential hopeful Rick Perry's comments about Federal Reserve Chairman Ben Bernanke.

White House spokesman Jay Carney says threatening the Fed chairman isn't a good idea. His comments came in response to Perry's assertion that Bernanke would be committing a "treasonous" act if he decided to "print more money to boost the economy." Perry said if Bernanke did that, "we would treat him pretty ugly down in Texas."

Read more: http://www.nytimes.com/aponline/2011/08/16/us/AP-US-White-House-Perry.html?hp

[SpiralHawk]

1. What's treasonous is to be a QUITTER on the USA, like Perry

Quitting the Union to placate your billionaire bosses is trason.
More RepubliCon projection -- they always try to throw their shit onto someone else. FAIL.

[xxqqqzme]

2. Silly me - I thought

advocating secession as a treasonous act.

[DesertFlower]

3. exactly. nt

[Frustratedlady]

4. Well, what did Texas do when another Texan printed all that money?

I don't remember them gettin' ugly.

[MrDiaz]

5. if you were to

double the amount of cash in AMERICA tomorrow, everyone's money would be worth half of its current worth. O and what other TEXAN printed money?

[rfranklin]

6. George Bush, Junior....or did you forget him already?

As stocks in New York rallied in early trading, partly in response to a coordinated series of moves by central banks around the world to pump money into credit markets, Bush said AIG's failure "could have caused a severe disruption in our financial markets and threatened other sectors of our economy".

The US Federal Reserve seized control of AIG with an $85bn emergency loan in exchange for 80% of the company's stock.

Overnight, the US central bank, known as the Fed, joined central banks across the world in coordinated efforts to maintain liquidity in world credit markets, together making almost $200bn available to lenders.

http://www.guardian.co.uk/business/2008/sep/18/wallstreet.georgebush

It's the biggest increase under any president in U.S history.

On the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department shows the national debt now stands at more than $9.849 trillion. That's a 71.9 percent increase on Mr. Bush's watch.
http://www.cbsnews.com/8301-500803_162-4486228-500803.html

[MrDiaz]

9. No i just

Was unaware that BUSH printed the money, are you also saying that all the money that has been printed since 2008 was printed by OBAMA, no. Bernanke did it, in both cases. The president himself doesn't run the "printing press" the Chairman of the Fed does.

[Bandit]

10. Very simplistic thinking IMO.

Moeny is printed every single year..Deal with it..

[99th_Monkey]

7. "not a good idea"? hardly a stinging rebuke. nt

[earcandle]

8. This (below) is not about printing money. Its about having a robust economy in America. True!

"Accounting for Government and Nonprofit Entities "
MacGraw Hill Co. 2007
Posted by earcandle in Latest Breaking News
Mon Aug 15th 2011, 08:53 PM
Earl R. Wilson; Susan C. Kattelus; Jacqueline L. Reck C)2007
Library of Congress Cataloging-in Publication Data:

IBSN-13: 978-0-07-310095-1

IBSN-10: 0-07-310095-1

Wilson, Earl R., 1939.

Jacqueline L. Reck 14th Edition (2007)


Chapter 3, pg 75; 6 Para. Heading: TAXES

" Taxes are of particular importance because (1) They
provide a large portion of the revenue of governmental units
on all levels and
(2) they are compulsory contributions to the cost of
government, whether the affected taxpayer approves or
disapproves of the taxes.

Ad valorem (based on value) property taxes area mainstay of
financing for many local governments but are not used as a
source of revenue
by many state governments or by the federal government. Ad
valorem taxes may be levied against real property and personal
property. SOme property taxes are levied on a basis other than
property values, one illustration being the tax on some kinds
of financial institutions in relation to the deposits aat a
specified date. Other kinds of taxes are sales taxes, income
taxes, gross receipts taxes, death and gift taxes, and
interest and penalties on delinquent taxes."

[DeSwiss]

11. Treason!?!?!

This, coming from a fucking SECESSIONIST-ASSHOLE-NAZI!?!?!?!



- Please.

K&R