Bernanke up against the wall

Rick Perry's 'shocking' gaffe: Ben Bernanke is 'treasonous'

The Republican governor of Texas begins his presidential campaign by insinuating that a Federal Reserve decision to print more money would warrant violent retaliation

posted on August 16, 2011, at 3:30 PM

Texas. Gov. Rick Perry said Monday that Fed Reserve Chairman Ben Bernanke is verging on treason for what he has done to the economy. Photo: Chip Somodevilla/Getty ImagesSEE ALL 12 PHOTOS

Best Opinion: Taylor Marsh, Atlantic, Red State

The video: Texas Gov. Rick Perry ignited the first potential controversy of his fledgling presidential campaign Monday night with some violent words for Federal Reserve Chairman Ben Bernanke. "If this guy prints more money between now and the election," he said while campaigning in Iowa, "I dunno what y'all would do to him in Iowa but we would treat him pretty ugly down in Texas." He followed up the "shocking" statement by saying that Bernanke would be committing a "treasonous" act if he approved another round of quantitative easing — in which the Federal Reserve creates electronic money to buy up corporate and government debt and keep borrowing costs down. (Watch the video below.) Treason is a punishable by death.
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Comment: I'm against capital punishment even not with persons who deserve it.