Skip to content

Christina Jeffrey Calls on U.S. Senate to Reject Re-appointment of Federal Reserve Board Chairman Ben Bernanke

January 23, 2010

FOR IMMEDIATE RELEASE:  January 23, 2010

CONTACT:  Bill Welch (864) 541-7287

Christina Jeffrey Calls on U.S. Senate to Reject Re-appointment of Federal Reserve Board Chairman Ben Bernanke

GREENVILLE/SPARTANBURG — Saying “The U.S. is less free today than it was a year Ago,” Christina Jeffrey, Candidate for Congress in South Carolina’s 4th Congressional District, today praised Jim DeMint for his opposition to Obama’s efforts to re-appoint Federal Reserve Chairman Ben Bernanke.

Dr. Jeffrey cited the newly released Index of Economic Freedom (http://www.heritage.org/Index/TopTen.aspx) as evidence that the U.S. is becoming progressively less free.  According to her, “We’re lower on the list than we were last year and in fact, fell faster than any other country. Today we’re at number 8 and our freedom score on a scale of 0 – 100 is 78;  number one is Hong Kong (a communist municipality) has a score of almost 90.”

“Two areas where we are really hurting are Government Size (too big) and Fiscal Freedom (too little).  For example, last year, 187 banks closed, but some of the worst banks were deemed “too big to fail” and were bailed out. Economists are predicting more bank failures in 2010. The average year-end bonus at Goldman Sachs, a financial house up to its eyeballs in culpability for the housing boom and bust, was $600,000, as it posted record profits. Dr. Bernanke deserves significant blame for not blowing the whistle on the risky behavior engaged in by the nation’s banks which have led us to the present situation.

“To help the FDIC cope with record losses, all banks (good and bad) were ordered to pay three years of membership fees in advance.  Now the President is trying to force additional new fees on the banks to pay for his programs. Good banks will pay for those which have caused problems and all these extra costs could cause some good banks to fail. As far as we know, the Chairman supports these initiatives and President Obama strongly supports the Chairman.

“The Chairman’s approach to the economy has consistently favored Wall Street over Main Street. Jim DeMint is right to oppose Chairman Bernanke and our other Senator, Mr. Graham, should follow suit.

“We need freedom and fiscal freedom is as important as every other kind. The Founders fought for life, liberty and property. Without fiscal freedom, we cannot have the freedom and dignity to be self-supporting.”

Christina Jeffrey announced her candidacy earlier this year. She is committed to restoring respect for the United States Constitution, decentralized government, states’ rights, and individual liberty. For more information, see http://www.ChristinaJeffrey.com

To contact Christina Jeffrey write to Christina@christina.jeffrey.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: