Armey, Wilson Back Senate Hold on Bernanke
At tonight’s reception celebrating Tea Party: The Documentary Film, I asked Rep. Joe Wilson (R-S.C.) and FreedomWorks Chairman Dick Armey about the news that
Jul 31, 2020115.3K Shares4.1M Views
At tonight’s reception celebrating “Tea Party: The Documentary Film,” I asked Rep. Joe Wilson (R-S.C.) and FreedomWorks Chairman Dick Armey about the newsthat Sen. Bernie Sanders (I-Vt.) may put a hold on the nomination of Ben Bernanke for a second term at the Federal Reserve.
“I actually respect Ben Bernanke,” said Wilson. “He’s from South Carolina. But in my view the confirmation process is very important. I respect a hold. I also support the situation of being able to go through a confirmation process for anyone who’s in a extraordinarily important position, particularly the position he holds.”
Armey was more vehement about the need for a hold on Bernanke. “I don’t think [Bernanke] should get another term,” said Armey. “I think the proudest moment in the modern history of the Fed was when [former Fed Chairman] William McChesney Martinwent to Texas and told LBJ ‘no.’ LBJ wanted control over the Fed, and Martin’s position was that the treasury should be a competent, independent agency with no purpose except to maintain the value of the currency. It shocks me that this guy doesn’t understand the limitations of the Fed. It’s time we start thinking inside of the box. Right now, the Fed’s outside of its box.”
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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