As Washington’s top banking lobbyist, former Dallas mayor Steve Bartlett usually works quietly behind the scenes. But not this time. Yesterday, he blasted the Republican leadership for trying to sway, and thereby undermine, the Federal Reserve. He’s also not too happy about Rep. Ron Paul’s chairmanship of the House Financial Services subcommittee.
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It is about time that reasonable Republicans start speaking up about where the nutty right wing of the party is leading the country. Good for Steve Bartlett.
“Bartlett…is worried that a new Republican campaign against the decisions of the Federal Reserve is starting to look like political pressure.” Um, yeah. I hope so.
I respect Bartlett, but actually, the “risk of compromising our central bank’s mission and weakening the economy,” problem comes from the feds ability to whimsically interchange the word “print” with “borrow”.
You cannot borrow money from yourself.
As Washington’s top banking lobbyist, Bartlett’s clients most likely don’t want to see their gambling junket at taxpayers’ expense come to a hault.