Tuesday, February 22, 2011

Quote of the Day

"We need to simply tell people the facts, like Glenn Beck, with that chalkboard, that man can explain anything. I think if we give Glenn Beck the numbers, he can solve this."

Michele Bachmann, on how Glenn Beck could solve the national debt.

Bachmann introduced legislation barring the Chinese yen from becoming U.S. currency. The IMF was moving towards greater reliance on the yen because of a weak dollar. Bachmann failed to understand that International Monetary Fund uses currency from several countries and does not print U.S. currency. That is the job of the Treasury Department.

Bachmann has no basic understanding about financial policy. Beck wouldn't take a job in the federal government because he would have to give up his media earnings. Beck would also panic after a day. Beck couldn't handle being interviewed by the panel on The View. I don't see Beck handling the pressure of running the Federal Reserve or Treasury Department.

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