Romney: QE3 Shows Obama’s Policies Failed

Mitt Romney told ABC’s George Stephanopoulos that he disagrees with the latest round of quantitative easing from the Fed and that he would not reappoint Ben Bernanke as chairman. 

“I think we have to have a leadership in Washington that encourages the private sector,” he said. “I think printing more money, at this point, comes at a higher cost than the benefit it’s going to create.” 

However, he suggested that the fact Bernanke felt the need to stimuluate the economy indicted Obama.

“What Bernanke’s doing is saying that what the president’s saying is wrong.  The president’s saying the economy’s making progress, coming back.  Bernanke’s saying, ‘No, it’s not.  I’ve got to print more money.”

 

 

1
Show Comments