Have the Republicans become the populist party of Jackson and Jefferson, or what?

[Anarchist420]

link: http://www.bloomberg.com/news/2010-...republicans-against-politicizing-the-fed.html

The more and more Obama does shit like this, the more I think he's an elitist asshole. Anyone who wants the Federal Reserve to have more power supports the banksters and not the people.

Geithner can go suck a big fat cock as far as I'm concerned. What right does that elitist asshole have to warn Republicans about politicizing the Fed? Is he warning them that the bankster will orchestrate assassinations of Republican members of Congress? Or is it just that he doesn't want Dr. Paul to pull Ben Bernanke's pants down to expose Bernanke's genital warts to the people?

---------------------
YHPM

Common Courtesy

 

[Siddhartha]

You support stripping the Federal Reserve of its mandate to pursue full employment?

 

[Thump553]

Where's the poll? I wanted to vote for "or what." Nothing populist about the GOP except the snowjob they are pulling on far too many people-the keep your government hands off my Medicare crowd.

 

[Scotteq]

You support stripping the Federal Reserve of its mandate to pursue full employment?

The Federal Reserve's job is to promote a stable currency and banking system. Not to address Unemployment.

 

[Siddhartha]

American Heritage Dictionary

Populist Party
NOUN:

A U.S. political party that sought to represent the interests of farmers and laborers in the 1890s, advocating increased currency issue, free coinage of gold and silver, public ownership of railroads, and a graduated federal income tax. Also called People's Party.

Wiki definition:
The People's Party, also known as the "Populists" was a short-lived political party in the United States established in 1887. Based among poor white cotton farmers in the South (especially North Carolina, Alabama and Texas), and hard-pressed wheat farmers in the Plains states (especially Kansas and Nebraska), it represented a radical crusading form of agrarianism and hostility to banks, railroads and elites generally. It sometimes formed coalitions with labor unions, and in 1896 endorsed the Democratic presidential nominee, William Jennings Bryan. The terms "populist" and "populism" are commonly used for anti-elitist appeals in opposition to established interests and mainstream parties.

 

[Throckmorton]

The fact that Republicans oppose the Federal Reserve working to reduce unemployment makes it pretty clear... it's faux "us vs them" populism

 

[Mursilis]

The GOP is mostly a collection of idiots (Palinites) and hypocrites (most of the rest) who seldom make a strong case for their own election; rather, they stumble into office only when the Dems get too full of themselves and make the GOP seem like the lesser evil. To the benefit of the GOP, the Dems do that ridiculously often.

 

[Anarchist420]

The Federal Reserve's job is to promote a stable currency and banking system. Not to address Unemployment.

True, and they've failed miserably at the former.

 

[Zebo]

They have a lot more roles than y'all are eluding to. Wiki it. But they failed big time in all of them. Interest too low. Unemployment too high. Not getting credit to worthy people, devaluing dollar etc/

And no republicans won't do anything. You have a few people like paul(s) but Fed rules USA. They decide who gets money for goodnes sakes at highest levels. Which banks which corps etc

 

[Scotteq]

Zebo - I agree the Fed does more than has so far been stated. But (IMHO) this cry about 'Unemployment' is a hyperbole, since the Fed are not directly responsible. I can see it in the context of "setting monetary policy to promote and faciliatate a strong economy, which business may then thrive in, which in turn helps keep workers employed". But the supposition that the Fed is somehow directly responsible? That's a big, big stretch, and strikes me as more like One More Way To Make Geithner Wrong, than anything meaningful in a long term sense.