They could soon be political opponents if Newt Gingrich and Sarah Palin decide to make a run for the Oval Office– but today the former speaker of the House agreed with Palin’s criticism of Fed Chairman Ben Bernanke.
“I would say that Bernanke is fundamentally wrong. That is he running – he is fundamentally misreading the economy. This economy lacks confidence in the government, it doesn’t lack cash,” Gingrich told me.
Yesterday Palin called on Bernanke to “cease and desist” with his plan to buy $600 billion worth of bonds and cited a warning from the German minister of finance, according to the National Review.
Gingrich said it is “interesting” that Palin and Germany are on the same side – but added America should take a look at what the country accomplished.
Good Moring America: Newt Gingrich: Sarah Palin Right on Bernanke