Several Republican presidential candidates on Tuesday accused the Federal Reserve of keeping U.S. interest rates low for political reasons, and one called for replacing Fed Chair Janet Yellen.
“The Fed should be audited and the Fed should stop playing politics with our money supply,” New Jersey Governor Chris Christie said in the “undercard” Republican debate hosted by Fox Business Network.
The debate in Milwaukee featured four candidates for president who are at the bottom of opinion polls and did not qualify for the main debate occurring later on Tuesday.
“It’s hurting American seniors who are seeing no Social Security increases, who are seeing no savings. They’re putting money aside and seeing nothing in the savings accounts,” former U.S. Senator Rick Santorum of Pennsylvania said.
Former Arkansas Governor Mike Huckabee echoed those sentiments.
“The Fed has manipulated the dollar, so it doesn’t have a standard, tie the dollar to something fixed and if it’s not going to be gold, make it the commodity basket,” Huckabee said.
He added he would “absolutely” replace Yellen.
“We need to make sure they tie the monetary standard to something that makes sense instead of their own whims,” Huckabee said.
For more on the 2016 U.S. presidential race and to learn about the undecided voters who determine elections, visit the Reuters website.
(Reporting by Ginger Gibson and Roberta Rampton; Editing by Sandra Maler and Jonathan Oatis)
Former right-wing presidential candidate scamming Americans with toxic bleach cure
Former diplomat and Reagan adviser Alan Keyes is a well-known gadfly who has run multiple times for president and for Senate, most famously against future President Barack Obama in 2004.
But lately, according to The Daily Beast, he has been involved in a different pursuit: the promotion of a dangerous pseudoscience scam known as the "Miracle Mineral Solution," or MMS.
The substance, which is actually just the powerful bleach chlorine dioxide, is supposedly a cure for everything from viral infections to infertility, and there was even a cultlike church known as the Genesis II Church of Health and Healing, that promoted it as a gift from God. MMS has particularly taken root in developing countries like Uganda, but it also has a following in the United States, and many autistic children have been forced to drink it. Versions of this scam have even been promoted on Amazon.
American exceptionalism is killing the planet
Ever since 2007, when I first started writing for TomDispatch, I’ve been arguing against America’s forever wars, whether in Afghanistan, Iraq, or elsewhere. Unfortunately, it’s no surprise that, despite my more than 60 articles, American blood is still being spilled in war after war across the Greater Middle East and Africa, even as foreign peoples pay a far higher price in lives lost and cities ruined. And I keep asking myself: Why, in this century, is the distinctive feature of America's wars that they never end? Why do our leaders persist in such repetitive folly and the seemingly eternal disasters that go with it?
Joni Ernst accused of involvement in ‘dark money’ re-election scheme: report
According to a report from the Associated Press, Sen. Joni Ernst (R-IA) has been accused of illegally working with an outside group to help her re-election prospects in a tough 2020 fight with Donald Trump on the ballot.
According to AP: "An outside group founded by top political aides to Sen. Joni Ernst has worked closely with the Iowa Republican to raise money and boost her reelection prospects, a degree of overlap that potentially violates the law."
"Iowa Values, a political nonprofit that is supposed to be run independently, was co-founded in 2017 by Ernst’s longtime consultant, Jon Kohan. It shares a fundraiser, Claire Holloway Avella, with the Ernst campaign," the report continued. "And a condo owned by a former aide — who was recently hired to lead the group — was used as Iowa Values’ address at a time when he worked for her."