Tuesday, December 13, 2011

President Gingrich Would Ignore The Humphrey-Hawkins Full Employment Act

I was scratching my head as to why any Presidential candidate would say Ben Bernanke should be fired until I read this:

"I would, first of all, demand a thorough audit [of the Fed]. Second, publish all the decision documents for 2008, 2009, 2010. Third, I would prepare legislation to eliminate the Humphrey-Hawkins Full Employment Act, which has totally confused the Fed," Gingrich said. The former House speaker went on to say that he would demand the Fed to hold "hard" money

There are lots of reasons why Newt should never be allowed near the White House again but this one has to go to the top of the list.


Ben Leet said...

Let's also repeal the 14th Amendment, Newt, it has totally confused the entire nation. Then let's tear up the interstate highways and outlaw internal combustion machines. Maybe repeal voting and property rights for women, the list goes on.

Suffern AC said...

What hard money?

Sandwichman said...

Hey, wait just a goddam minute! Didn't the Humphrey-Hawkins Full Employment Act expire, at least with regard to its direction to the Fed?