Republican Debate on Bernanke and Greenspan

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Subject:	Republican Debate on Bernanke and Greenspan
Date:	Wed, 12 Oct 2011 04:42:52 -0700
From:	Jas Jain

Republican Debate on Bernanke and Greenspan

The first big applause of the debate followed when Newt Gingrich trashed Bernanke. Later, another big applause when Ron Paul said that Greenspan was a disaster in response to Herman Cain's claim that Greenspan was the best fed Chairman in recent memory as an example of a kind of person he would be looking for. So, we can be certain that Herman Cain would serve the rich the best not only by his tax plan but also by his choice of the Fed Chairman. None of the Republican candidates would reappoint Bernanke. Therefore, Bernanke would do his best to get Obama re-elected. No one bothered to point out that both Greenspan and Bernanke are Republicans and were first appointed by Republican presidents Reagan and GW Bush, four people most responsible for squeezing the American middle class and serving the rich. The borrow-and-spend started in 1980s under Reagan-Greenspan and it does serve the rich. When it comes to the blame game there is little doubt that Republicans are more dishonest than the Democrats, two groups of dishonest partisan dopes. The greatest success that the rich have had in America is breeding born-and-bred partisan dopes. All that was predictable under Democracy = Domination of Money. The best use of money is to brainwash the general public! Nothing gives a higher return on capital!!

Amazingly, the rich and the corporations have paid the lowest taxes since the WW II under Obama, a supposed progressive!, both as % of the GDP as well as % of their gross incomes. Herman Cain plans to top that if he were elected. It would be an interesting race if Cain were to be the Republican nominee. I think that Romney is the most likely nominee and Bachmann his likely choice.

I personally don't think that the 2012 Presidential election would make much of a difference. Crooks would have a firm control either way. Greenspan-Bernanke regime would continue even if Bernanke were not reappointed in 2014.

Jas

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