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'Perry decries government regs, questions Fed's 'true goal''

Last modified: 8/17/2011 12:00:00 AM
Republican presidential candidate Rick Perry told a group of business leaders this morning in Bedford that government oversight is stifling growth, and he suggested freezing all federal regulations for six months to spur the economy.

"It's regulatory overkill," Perry said to the group of about 225 people at the standing-room-only Politics & Eggs event at the Bedford Village Inn. "It's a serious threat to investor confidence and growth, this tension between Washington regulators and employers."

Perry, the governor of Texas, proposed a plan for economic growth that he has repeated in his first week on the campaign trail: cutting spending, placing taxes as low as possible while still delivering essential services, making regulations fair and predictable and reforming the legal system to not accept frivolous lawsuits.

He said President Obama wants to create a new agency for job creation but that will only add to the problem of an overbearing government.

"We need new jobs. We don't need new agencies," he said. "We don't need a government solution. We need the private sector getting to work and getting the government out of the way."

Perry praised New Hampshire legislators for cutting spending rather than raising taxes and promised to spend a lot of time campaigning in the Granite State in the coming months.

Perry spoke for about 10 minutes this morning before taking 20 minutes of questions from the audience. One man asked the governor to address comments he made Monday night in Iowa in which he said it would be "treasonous" if Federal Reserve Chairman Ben Bernanke continued to print money, adding that the chairman would be treated "pretty ugly down in Texas." This morning Perry stood by his comment, calling for the Federal Reserve to "open their books up" and questioning what the agency's "true goal is for the United States."

"Frankly, the mistrust that is there today, if they would simply open up and be transparent with the American people, I think it would go a long way to finding out if there is some activities that have been improper or if they have been handling themselves quite well," he said.

In response to Perry's Monday night comments, White House spokesman Jay Carney yesterday advised the presidential candidate to watch what he says on the campaign trail. Perry shot back this morning, directing a statement to President Obama that "actions speak louder than words."

"My actions as governor are helping create jobs in this country," he said. "The president's actions are killing jobs in this country. It's time to get America working again."

(Tricia L. Nadolny can be reached at 369-3306 or tnadolny@cmoitor.com)


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