Romney, Gingrich: Time to Fire Bernanke

Wednesday, 07 Sep 2011 10:06 PM

By David A. Patten

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Former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney found at least one thing they agree on during Wednesday’s GOP debate: Both say it’s time for Fed Chairmen Ben Bernanke to go.
NBC anchor Brian Williams asked Gingrich if he would reappoint Ben Bernanke to run the Federal Reserve.

“I would fire him tomorrow,” Gingrich said. “I think he’s been the most inflationary, dangerous, and power-centered chairman of the Fed in the history of the Fed. I think the Fed should be audited.

“I think the amount of money that he has shifted around in secret, with no responsibility and no accountability, no transparency, is absolutely antithetical to a free society. And I think his policies have deepened the depression, lengthened the problem, increased the cost of gasoline, and been a disaster,” he added.

Romney later concurred. “I’d be looking for somebody new,” he said. “I think Ben Bernanke has overinflated the amount of currency that he’s created. QE 2 did not work, it did not get Americans back to work, it did not get the economy going again … We’re growing now at 1 to 1 and a half percent.”

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