ADVERTISEMENT

Huppke: Ted Cruz declares war on 'liberal media' — so I declare war on Ted Cruz

cigaretteman

HB King
May 29, 2001
79,353
62,352
113
I am sorry to have to do this, but as a representative of the mainstream media, I hereby declare war on GOP presidential candidate Sen. Ted Cruz.

In the media’s defense, Cruz started it. Literally.

I received a fundraising email from him today that said, “I am declaring war on the liberal media.” Liberal media and mainstream media are synonymous, generally defined by Republicans as “any media outlet that presents facts that prove we’re lying.”

Even Democrats, when their lies are assaulted by reality, gripe about the mainstream media, but media-bashing has generally been a conservative avocation. Cruz and his fellow Republican candidates amped it up to a more bellicose level at Wednesday night’s GOP debate, lambasting the CNBC moderators for having the audacity to ask them questions.

"The questions asked in this debate illustrate why the American people don't trust the media,” Cruz said, rather than answer a serious question about his opposition to raising the debt limit. “The contrast with the Democratic debate, where every thought and question from the media was, ‘Which of you is more handsome and why?’”

I didn’t recall the handsomeness question, so I went back to a full transcript of the recent Democratic debate.

Hillary Clinton was asked: Will you say anything to get elected?; Do you change your political identity based on who you’re talking to?; How can you credibly represent the views of the middle class?; Do you regret your vote on the Patriot Act?; and, on Benghazi, Should you have seen the attack coming?

Bernie Sanders was asked: How can any kind of socialist win a general election in the United States?; Do black lives matter, or do all lives matter?; and, Would you shut down the NSA surveillance program?

He was also asked this corker: “You supported the Sandinistas in Nicaragua. You honeymooned in the Soviet Union. And just this weekend, you said you’re not a capitalist. Doesn’t — doesn’t that ad write itself?”

(You can find more examples here.)

If mainstream journalists are, as Marco Rubio said during the debate, the Democrats’ “ultimate super PAC,” then they did a lousy job for the Democrats in that debate. Of course that’s a statement I’ve backed up with facts (there I go again!), so it’s meaningless to Rubio and Cruz and company.

They have a “Hatfields and McCoys”-like response to fact-laden questions.

Donald Trump was asked about calling Rubio “Mark Zuckerberg’s personal senator.”

Trump responded: “I never said that. I never said that.”

He went on to say that somebody at CNBC was “doing some bad fact-checking.” Except that Trump’s campaign website references “Mark Zuckerberg’s personal Senator, Marco Rubio.”

How dare the liberal media make that lie become reality!

Moderator John Harwood said to Rubio: “The Tax Foundation, which was alluded to earlier, scored your tax plan and concluded that you give nearly twice as much of a gain in after-tax income to the top 1 percent as to people in the middle of the income scale.”

Rubio said, “No, that’s — you’re wrong.”

No he wasn’t. The analysis by the conservative Tax Foundation shows people in the top 1 percent gaining 11.5 percent while middle-income earners range from 1.1 percent to 2.4 percent.

Clearly, lamestream media operatives hacked the Tax Foundation’s website and doctored the data on Rubio’s plan. (You could also blame math, I suppose, but it’s not nearly as juicy a scapegoat.)

Anyway, woe-is-me complaints about the media are one thing, but Cruz’s declaration of war (which oddly accompanied a request that I contribute to his “Million Dollar Money Bomb”) clearly represents an existential threat to me and my fellow journalists.

So I officially say to Sen. Cruz: It’s on like Donkey Kong, droopy-face. (Sorry for the name-calling, Teddy. War is hell.)

OFFICIAL DECLARATION OF WAR:

Whereas Ted Cruz has formally declared war against the people of the mainstream (or lamestream or liberal) media of the United States of America:

Therefore, be it Resolved by the Secret Cabal of Liberal Media Overlords that the state of war between the media and Ted Cruz, which has thus been thrust upon the media by Ted Cruz being a total jerk, is hereby formally declared. Rex Huppke, as a representative of the media, is hereby authorized and directed to employ the entire forces available to the media, including but not limited to: pens that can be waved in a menacing manner; paper-cut inducing notepads; barrels of ink; and limitless Internet space, to carry on war against Ted Cruz and to bring the conflict to a successful termination.

Strap on your boots, Teddy boy. We’re comin’ for ya now. And we’ve got the weapon you fear the most: the truth.

http://www.chicagotribune.com/news/opinion/huppke/ct-cruz-media-huppke-20151029-story.html
 
006fd811b42bb561542996b7ffb15bb36f25449f5f063eacac886919da848ce6.jpg
 
This is like declaring war after you've sacked the castle, raped the horses and rode off on the women.
 
I am sorry to have to do this, but as a representative of the mainstream media, I hereby declare war on GOP presidential candidate Sen. Ted Cruz.

In the media’s defense, Cruz started it. Literally.

I received a fundraising email from him today that said, “I am declaring war on the liberal media.” Liberal media and mainstream media are synonymous, generally defined by Republicans as “any media outlet that presents facts that prove we’re lying.”

Even Democrats, when their lies are assaulted by reality, gripe about the mainstream media, but media-bashing has generally been a conservative avocation. Cruz and his fellow Republican candidates amped it up to a more bellicose level at Wednesday night’s GOP debate, lambasting the CNBC moderators for having the audacity to ask them questions.

"The questions asked in this debate illustrate why the American people don't trust the media,” Cruz said, rather than answer a serious question about his opposition to raising the debt limit. “The contrast with the Democratic debate, where every thought and question from the media was, ‘Which of you is more handsome and why?’”

I didn’t recall the handsomeness question, so I went back to a full transcript of the recent Democratic debate.

Hillary Clinton was asked: Will you say anything to get elected?; Do you change your political identity based on who you’re talking to?; How can you credibly represent the views of the middle class?; Do you regret your vote on the Patriot Act?; and, on Benghazi, Should you have seen the attack coming?

Bernie Sanders was asked: How can any kind of socialist win a general election in the United States?; Do black lives matter, or do all lives matter?; and, Would you shut down the NSA surveillance program?

He was also asked this corker: “You supported the Sandinistas in Nicaragua. You honeymooned in the Soviet Union. And just this weekend, you said you’re not a capitalist. Doesn’t — doesn’t that ad write itself?”

(You can find more examples here.)

If mainstream journalists are, as Marco Rubio said during the debate, the Democrats’ “ultimate super PAC,” then they did a lousy job for the Democrats in that debate. Of course that’s a statement I’ve backed up with facts (there I go again!), so it’s meaningless to Rubio and Cruz and company.

They have a “Hatfields and McCoys”-like response to fact-laden questions.

Donald Trump was asked about calling Rubio “Mark Zuckerberg’s personal senator.”

Trump responded: “I never said that. I never said that.”

He went on to say that somebody at CNBC was “doing some bad fact-checking.” Except that Trump’s campaign website references “Mark Zuckerberg’s personal Senator, Marco Rubio.”

How dare the liberal media make that lie become reality!

Moderator John Harwood said to Rubio: “The Tax Foundation, which was alluded to earlier, scored your tax plan and concluded that you give nearly twice as much of a gain in after-tax income to the top 1 percent as to people in the middle of the income scale.”

Rubio said, “No, that’s — you’re wrong.”

No he wasn’t. The analysis by the conservative Tax Foundation shows people in the top 1 percent gaining 11.5 percent while middle-income earners range from 1.1 percent to 2.4 percent.

Clearly, lamestream media operatives hacked the Tax Foundation’s website and doctored the data on Rubio’s plan. (You could also blame math, I suppose, but it’s not nearly as juicy a scapegoat.)

Anyway, woe-is-me complaints about the media are one thing, but Cruz’s declaration of war (which oddly accompanied a request that I contribute to his “Million Dollar Money Bomb”) clearly represents an existential threat to me and my fellow journalists.

So I officially say to Sen. Cruz: It’s on like Donkey Kong, droopy-face. (Sorry for the name-calling, Teddy. War is hell.)

OFFICIAL DECLARATION OF WAR:

Whereas Ted Cruz has formally declared war against the people of the mainstream (or lamestream or liberal) media of the United States of America:

Therefore, be it Resolved by the Secret Cabal of Liberal Media Overlords that the state of war between the media and Ted Cruz, which has thus been thrust upon the media by Ted Cruz being a total jerk, is hereby formally declared. Rex Huppke, as a representative of the media, is hereby authorized and directed to employ the entire forces available to the media, including but not limited to: pens that can be waved in a menacing manner; paper-cut inducing notepads; barrels of ink; and limitless Internet space, to carry on war against Ted Cruz and to bring the conflict to a successful termination.

Strap on your boots, Teddy boy. We’re comin’ for ya now. And we’ve got the weapon you fear the most: the truth.

http://www.chicagotribune.com/news/opinion/huppke/ct-cruz-media-huppke-20151029-story.html

You have to love an open and honest media reporting facts and not taking sides. It's the key to a successful democracy.
 
  • Like
Reactions: Vroom_C14
#1. What else is new? The media's been at war with the republicans for decades. Since Obama got in it's been worse and more open.

#2. A "reporter" declaring war on a candidate is unprofessional. That's not their job. He should quit and go fishing.
 
  • Like
Reactions: Vroom_C14
QUINTANILLA: Senator Cruz. Congressional Republicans, Democrats and the White House are about to strike a compromise that would raise the debt limit, prevent a government shutdown and calm financial markets that fear of — another Washington-created crisis is on the way.

Does your opposition to it show that you’re not the kind of problem-solver American voters want?

CRUZ: You know, let me say something at the outset. The questions that have been asked so far in this debate illustrate why the American people don’t trust the media.

(APPLAUSE) This is not a cage match. And, you look at the questions — “Donald Trump, are you a comic-book villain?” “Ben Carson, can you do math?” “John Kasich, will you insult two people over here?” “Marco Rubio, why don’t you resign?” “Jeb Bush, why have your numbers fallen?”

How about talking about the substantive issues the people care about?

QUINTANILLA: (inaudible) do we get credit (inaudible)?

CRUZ: And Carl — Carl, I’m not finished yet.

CRUZ: The contrast with the Democratic debate, where every fawning question from the media was, “Which of you is more handsome and why?”

And let me be clear.

(CROSSTALK)

QUINTANILLA: So, this is a question about (inaudible), which you have 30 seconds left to answer, should you choose to do so.

CRUZ: Let me be clear. The men and women on this stage have more ideas, more experience, more common sense than every participant in the Democratic debate. That debate reflected a debate between the Bolsheviks and the Mensheviks.

And nobody watching at home believed that any of the moderators had any intention of voting in a Republican primary. The questions that are being asked shouldn’t be trying to get people to tear into each other. It should be what are your substantive positions...

(CROSSTALK)

QUINTANILLA: OK. (inaudible) I asked you about the debt limit and I got no answer.

(CROSSTALK)

CRUZ: You want me to answer that question? I’m happy to answer the question...

(CROSSTALK)

CRUZ: Let me tell you how that question...

(CROSSTALK)

CRUZ: Let me tell you how that question...

(CROSSTALK)

HARWOOD: Senator Paul, I’ve got a question for you on the same subject.

CRUZ: ... so you don’t actually want to hear the answer, John?

HARWOOD: Senator Paul?

CRUZ: You don’t want to hear the answer. You just want to...

(CROSSTALK)

HARWOOD: You used your time on something else.

Senator Paul?

CRUZ: You’re not interested in an answer.

http://www.nytimes.com/2015/10/29/us/politics/transcript-republican-presidential-debate.html
 
The party of "Personal Responsibility" certainly likes to play this victim card a lot. To claim the media is out to get them is a pretty flimsy excuse for all the failings in the Republican party.
 
  • Like
Reactions: naturalmwa
QUINTANILLA: Senator Cruz. Congressional Republicans, Democrats and the White House are about to strike a compromise that would raise the debt limit, prevent a government shutdown and calm financial markets that fear of — another Washington-created crisis is on the way.

Does your opposition to it show that you’re not the kind of problem-solver American voters want?

CRUZ: You know, let me say something at the outset. The questions that have been asked so far in this debate illustrate why the American people don’t trust the media.

(APPLAUSE) This is not a cage match. And, you look at the questions — “Donald Trump, are you a comic-book villain?” “Ben Carson, can you do math?” “John Kasich, will you insult two people over here?” “Marco Rubio, why don’t you resign?” “Jeb Bush, why have your numbers fallen?”

How about talking about the substantive issues the people care about?

QUINTANILLA: (inaudible) do we get credit (inaudible)?

CRUZ: And Carl — Carl, I’m not finished yet.

CRUZ: The contrast with the Democratic debate, where every fawning question from the media was, “Which of you is more handsome and why?”

And let me be clear.

(CROSSTALK)

QUINTANILLA: So, this is a question about (inaudible), which you have 30 seconds left to answer, should you choose to do so.

CRUZ: Let me be clear. The men and women on this stage have more ideas, more experience, more common sense than every participant in the Democratic debate. That debate reflected a debate between the Bolsheviks and the Mensheviks.

And nobody watching at home believed that any of the moderators had any intention of voting in a Republican primary. The questions that are being asked shouldn’t be trying to get people to tear into each other. It should be what are your substantive positions...

(CROSSTALK)

QUINTANILLA: OK. (inaudible) I asked you about the debt limit and I got no answer.

(CROSSTALK)

CRUZ: You want me to answer that question? I’m happy to answer the question...

(CROSSTALK)

CRUZ: Let me tell you how that question...

(CROSSTALK)

CRUZ: Let me tell you how that question...

(CROSSTALK)

HARWOOD: Senator Paul, I’ve got a question for you on the same subject.

CRUZ: ... so you don’t actually want to hear the answer, John?

HARWOOD: Senator Paul?

CRUZ: You don’t want to hear the answer. You just want to...

(CROSSTALK)

HARWOOD: You used your time on something else.

Senator Paul?

CRUZ: You’re not interested in an answer.

http://www.nytimes.com/2015/10/29/us/politics/transcript-republican-presidential-debate.html
Interesting. Cruz blows his time playing the lamestream media card and then complains that he doesn't get double time to actually answer the question. If you can't handle questions over the math of tax plans and dropping poll numbers, you probably don't have the skin to hold up to the actual job of being President.
 
The party of "Personal Responsibility" certainly likes to play this victim card a lot. To claim the media is out to get them is a pretty flimsy excuse for all the failings in the Republican party.


Come on. They WERE out to get them. They even said so after the debate.
 
Interesting. Cruz blows his time playing the lamestream media card and then complains that he doesn't get double time to actually answer the question. If you can't handle questions over the math of tax plans and dropping poll numbers, you probably don't have the skin to hold up to the actual job of being President.
Plus, if he hadn't gone off the rails of his own obviously-scripted attack on the media by trying to get in other also-obviously-scripted one-liners like the Bolshevik-Menshavik comment, then he still could have answered the question.

Not even slightly presidential material.
 
  • Like
Reactions: cigaretteman
Plus, if he hadn't gone off the rails of his own obviously-scripted attack on the media by trying to get in other also-obviously-scripted one-liners like the Bolshevik-Menshavik comment, then he still could have answered the question.

Not even slightly presidential material.
I also thought dodging the gambling question was BS. Is it a minor problem? Of course. But when you've President you will have to deal with an assortment of problems, both large and small, that demand at least some attention. Plus at that point, there had been what? A full 8 hours of debates? I hardly think it totally out of line to ask a timely question over online gambling during an economics debate, especially after several hours of debates had been spent on other issues. Additionally, if it was an issue of needing to have time for better questions, then why were several candidates adamant in reducing the length of these debates?

Things just aren't squaring with these complaints.
 
  • Like
Reactions: cigaretteman
I also thought dodging the gambling question was BS. Is it a minor problem? Of course. But when you've President you will have to deal with an assortment of problems, both large and small, that demand at least some attention. Plus at that point, there had been what? A full 8 hours of debates? I hardly think it totally out of line to ask a timely question over online gambling during an economics debate, especially after several hours of debates had been spent on other issues. Additionally, if it was an issue of needing to have time for better questions, then why were several candidates adamant in reducing the length of these debates?

Things just aren't squaring with these complaints.

Well, when you can't win on your ideas (or lack of them) it's always easiest to play the victim card. The wingnuts have been doing it for so many years they simply can't see the world around them in any other terms or realize how petty it makes them look.
 
Well, when you can't win on your ideas (or lack of them) it's always easiest to play the victim card. The wingnuts have been doing it for so many years they simply can't see the world around them in any other terms or realize how petty it makes them look.
The very fact that the candidates tried avoiding many of these questions (and Cruz wasn't the only one, Rubio dodged his voting record question), while simultaneously arguing for less debate time, does seem to bolster our complaints that the Republicans are light on ideas.

You can only say you will drown the federal government in the bath water so many times. At some point, you have to propose real solutions beyond simply saying each state needs to solve their own problems.
 
Well, when you can't win on your ideas (or lack of them) it's always easiest to play the victim card. The wingnuts have been doing it for so many years they simply can't see the world around them in any other terms or realize how petty it makes them look.
If you can't see the bias in the media you truly do live in the echo chamber
 
Plus, if he hadn't gone off the rails of his own obviously-scripted attack on the media by trying to get in other also-obviously-scripted one-liners like the Bolshevik-Menshavik comment, then he still could have answered the question.

Not even slightly presidential material.

What would you expect from Raphael Cruz? He wasn't even born here, how could he understand American ideals?
 
  • Like
Reactions: cigaretteman
I also thought dodging the gambling question was BS. Is it a minor problem? Of course. But when you've President you will have to deal with an assortment of problems, both large and small, that demand at least some attention. Plus at that point, there had been what? A full 8 hours of debates? I hardly think it totally out of line to ask a timely question over online gambling during an economics debate, especially after several hours of debates had been spent on other issues. Additionally, if it was an issue of needing to have time for better questions, then why were several candidates adamant in reducing the length of these debates?

Things just aren't squaring with these complaints.
Yes. Except for Bush they absolutely dodged the gambling question and Chris Christie went ballistic. Do we really want a president who loses it on something that trivial?
 
You have to love an open and honest media reporting facts and not taking sides. It's the key to a successful democracy.

Did you read the parts about the hard-nosed Q&A the media/moderators posed to HRC and Bernie?

That's the media's job - press the politicians on their 'talking points'. All this guy is writing is that Ted Cruz, and other Republicans, are not being 'singled out' by the media; they are getting similar treatment. Only there seems to be more whining from Ted Cruz, than from Bernie Sanders on the 'tough questions' he gets.

The media has pressed HRC on lots of Benghazi and Emails stories for months; she doesn't seem to be getting a 'pass' by any stretch...
 
Interesting. Cruz blows his time playing the lamestream media card and then complains that he doesn't get double time to actually answer the question. If you can't handle questions over the math of tax plans and dropping poll numbers, you probably don't have the skin to hold up to the actual job of being President.

157430-Chevy-Chase-Gerald-Ford-SNL-me-U9FM.jpeg
 
Not even slightly presidential material.

Agree. I don't like him as a candidate.

However, the moderators were trying to goad the candidates into a pitched battle.

The Dem debate was a mutual admiration gathering and the questions literally had Hillary and Bernie holding hands at points.
 
Did you read the parts about the hard-nosed Q&A the media/moderators posed to HRC and Bernie?

That's the media's job - press the politicians on their 'talking points'. All this guy is writing is that Ted Cruz, and other Republicans, are not being 'singled out' by the media; they are getting similar treatment. Only there seems to be more whining from Ted Cruz, than from Bernie Sanders on the 'tough questions' he gets.

The media has pressed HRC on lots of Benghazi and Emails stories for months; she doesn't seem to be getting a 'pass' by any stretch...
And she didn't get any passes during the debate. In fact the moderators hit all the candidates on their most vulnerable issues. Bernie got it on being Socialist. Lincoln Chaffee got it on being a former Republican. They all had to stand up there and answer for these things.
 
Agree. I don't like him as a candidate.

However, the moderators were trying to goad the candidates into a pitched battle.

The Dem debate was a mutual admiration gathering and the questions literally had Hillary and Bernie holding hands at points.
I don't like the gotcha questions, either. Sometimes, though, the subject matter was worthwhile.

I wish they'd play it straight(er).
 
Agree. I don't like him as a candidate.

However, the moderators were trying to goad the candidates into a pitched battle.

The Dem debate was a mutual admiration gathering and the questions literally had Hillary and Bernie holding hands at points.
I don't think you'll find any disagreement among us that the moderators sucked. But those are the breaks sometimes. If the GOP wants to complain about CNBC in particular for dropping the ball, have at it. But to claim that all of media is in the back pocket of the liberals, just makes it sound like you're whining. Just my two cents.
 
  • Like
Reactions: cigaretteman
The biggest financial questions facing America are climate change, wars, debt, taxes, and entitlements.

How many of them got solid coverage in this "economic" debate?

Here's the only exchange on climate change. Notice that when Harwood asks whether Christie would involve government, he gets snippy and dodges the question.

HARWOOD: Governor Christie, you’ve said something that many in your party do not believe, which is that climate change is undeniable, that human activity contributes to it, and you said, quote: “The question is, what do we do to deal with it?”.

So what do we do?

CHRISTIE: Well, first off, what we don’t do is do what Hillary Clinton and John Kerry and Barack Obama want us to do, which is their solution for everything, put more taxes on it, give more money to Washington, D.C., and then they will fix it.

Well, there is no evidence that they can fix anything in Washington, D.C.

HARWOOD: What should we do?

CHRISTIE: What we should do is to be investing in all types of energy, John, all types of energy. I’ve laid out...

HARWOOD: You mean government?

CHRISTIE: No, John. John, do you want me to answer or do you want to answer?

How are we going to do this?

Because, I’ve got to tell you the truth, even in New Jersey what you’re doing is called rude. So...

We’ve laid out a national energy plan that says that we should invest in all types of energy. I will tell you, you could win a bet at a bar tonight, since we’re talking about fantasy football, if you ask who the top three states in America are that produce solar energy: California and Arizona are easy, but number three is New Jersey.

Why? Because we work with the private sector to make solar energy affordable and available to businesses and individuals in our state.

We need to make sure that we do everything across all kinds of energy: natural gas, oil, absolutely. But also where it’s affordable, solar, wind in Iowa has become very affordable and it makes sense.

That is the way we deal with global warming, climate change, or any of those problems, not through government intervention, not through government taxes, and for God’s sake, don’t send Washington another dime until they stop wasting the money they’re already sending there.
 
The "even in New Jersey" line was pretty damn good.

And no, Christie didn't dodge the question. He gave a damn good answer IMO.
 
Perception many times is reality and in this case I think Mr Cruz (as awful of a person as he seems to be...for me anyway) has a point.

This person's war back to Ted Cruz is amusing to me as they were never going to give the guy an honest shake anyway so in the end this journalist now crusade against Ted isn't much different than the press he gave him yesterday.
 
No he didn't. Unless he's using the Royal We, he's talking out of both sides of his mouth. He is advocating for government investment in and subsidies for alternative energy, while bashing government intervention.

You could look at it that way, but if Hillary said the same damn thing, you'd eat it up and trumpet as how the Democrats are willing to "partner" with business to get things done.
 
I assume that's sarcasm. Some would call that good journalism. Others attack it as liberal journalism.

The snarkiness of some of the questions that were being asked were absolutely unprofessional by the moderators. Those guys came in with the idea that they were to do battle with the candidates...pretty poor game plan for putting on a good debate if you ask me.
 
No he didn't. Unless he's using the Royal We, he's talking out of both sides of his mouth. He is advocating for government investment in and subsidies for alternative energy, while bashing government intervention.
Plus - and let's be clear about this - he's still advocating additional use of fossil fuel.

Let's keep in mind that he seems to be the best the GOP has to offer on climate change and energy. The only other slightly decent GOP candidate on this (as far as I know) is Lindsey Graham.

I'm no Lindsey Graham fan but, frankly, I hope he bumps somebody off the main debate platform. He's better than at least 4 of them.
 
  • Like
Reactions: cigaretteman
The snarkiness of some of the questions that were being asked were absolutely unprofessional by the moderators. Those guys came in with the idea that they were to do battle with the candidates...pretty poor game plan for putting on a good debate if you ask me.
I agree. Many of the questions could and should have been asked in what I would consider a more professional way.

I expect we'll see that going forward. The mods won't want their performance to invite attacks that just pander to the media haters. They now know that several candidates will come prepared to do just that.
 
  • Like
Reactions: cigaretteman
And then we get the pushover questions like this one from Tea Party ranter Rick Santelli - which you'll notice neither Cruz nor Paul really answered. How do you strike out on a floating softball right down your alley?

It is interesting that Cruz snuck in the idea of going back on the gold standard right at the end. Which no one followed up on.

SANTELLI: Senator Cruz, let’s focus on our central bank, the Federal Reserve. You’ve been a fierce critic of the Fed, arguing for more transparency. Where do you want to take that?

Do you want to get Congress involved in monetary policy, or is it time to slap the Fed back and downsize them completely? What are your thoughts? What do you believe?

CRUZ: Well, Rick, it’s a very important question. I have got deep concerns about the Fed. The first thing I think we need to do is audit the Fed. And I am an original co-sponsor of Rand Paul’s audit the Fed legislation.

The second thing we need to do is I think we need to bring together a bipartisan commission to look at getting back to rules- based monetary policy, end this star chamber that has been engaging in this incredible experiment of quantitative easing, QE1, QE2, QE3, QE- infinity.

And the people who are being impacted, you know, a question that was asked earlier, Becky asked, was about working women. You know, it’s interesting, you look at on Wall Street, the Fed is doing great. It’s driving up stock prices. Wall Street is doing great.

You know, today, the top 1 percent earn a higher share of our income than any year since 1928. But if you look at working men and women. If you look at a single mom buying groceries, she sees hamburger prices have gone up nearly 40 percent.

She sees her cost of electricity going up. She sees her health insurance going up. And loose money is one of the major problems. We need sound money. And I think the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold.

SANTELLI: Senator Paul, the same question to you.

PAUL: Well, thank you very much. I would like to thank Ted for co-sponsoring my bill, audit the Fed. And I think it’s precisely because of the arrogance of someone like Ben Bernanke, who now calls us all know-nothings, that is precisely why we need audit the Fed.

I think it is really very much a huge problem that an organization as powerful as the Fed comes in, lobbies against them being audited on the Hill. I would prevent them lobbying Congress. I don’t think the Fed should be involved with lobbying us.

I think we should examine how the Fed has really been part of the problem. You want to study income inequality, let’s bring the Fed forward and talk about Fed policy and how it causes income inequality.

Let’s also bring the Fed forward and have them explain how they caused the housing boom and the crisis, and what they’ve done to make us better or worse. I think the Fed has been a great problem in our society.

What you need to do is free up interest rates. Interest rates are the price of money, and we shouldn’t have price controls on the price of money.
 
ADVERTISEMENT

Latest posts

ADVERTISEMENT