He Said It

by digby

“There’s a lot of populism going on in this country right now, and I’m tired of it.” – Sen. Judd Gregg (R-NH)

Gregg, the top Republican on the Budget Committee and a member of the Banking Committee, decried a growing tide of populism spurring senators to oppose Bernanke’s nomination to a second term, and support stringent new rules on large financial institutions.

“That’s pandering populism,” Gregg said during an appearance on CNBC in response to some Democrats’ and Republicans’ criticisms of the Fed chairman. “There’s a lot of populism going on in this country right now, and I’m tired of it.”

Gregg warned that the growing tide of populism would threaten some of the most central institutions to the economy’s recovery.

“What it’s going to do is burn down some of the institutions which are critical to us as a nation and as an economy to recover and create jobs,” he warned.

And don’t forget to cut spending or all those populists might have the time to stop foraging for food and shelter to vote!

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