Ben Bernanke Leaves GOP Citing Their Obsession With VooDoo Economics and Conspiracy Theories.

Gosh, I can't imagine why a life long Republican, former Chairman of George Bush's economic council, and Bush-appointed Chairman of the Federal Reserve would quite the Republican Party. Unless, maybe, he took it literally when half the GOP Presidential candidates in the 2012 election were saying he should be tried for TREASON (for trying to rescue the economy)? Come on, Ben, let's not be so thin skinned!

Yeah, that's right Rick. "Printing money during a recession (to rescue the economy because Congress refuses to take action) is a treasonable offense."

With all the other GOP clownery going on, you might have missed the fact that Bush-appointed Chairman of the Fed, Ben Bernanke quite the Republican Party in disgust, and published his memoirs citing the GOP's obsession with "know nothing" economics policies, and their vulnerability to cookie conspiracy theories as one of the reasons.

"They saw inflation where it did not exist and, when the official data did not bear out their predictions, invoked conspiracy theories. They denied that monetary or fiscal policy could support job growth, while still working to direct federal spending to their own districts. They advocated discredited monetary systems, like the gold standard....

We can forgive the public for not understanding this, but not its elected representatives. To Bernanke, nothing justifies taking the economy hostage by refusing to raise the debt limit.

...Republican budget proposals reflected hard-right priorities that, if enacted, would have derailed the recovery. Obama's and the Senate Democrats' budget proposals, in contrast, never reflected far-left policy priorities. Rather, they looked like centrist proposals that would emerge from good-faith bargaining between the two parties. (So much for the "both sides" bullshit.) They were more timid on both short-term stimulus and longer-term deficit reduction than what Bernanke and other mainstream analysts hoped to see, but at least they went in the right direction. "

http://www.usnews.com/opinion/economic-intelligence/2015/10/09/ben-bernanke-has-had-it-with-stupid-gop-economics