Republican presidential candidate and former Arkansas Governor Mike Huckabee declared “We now seem to be more interested in stabilizing Iran than we are America” on Monday’s “Your World with Neil Cavuto” on the Fox News Channel.
Huckabee said that President Obama’s policies were somewhat to blame for that day’s stock market slide because, “what’s happened overall in the marketplace, is that it’s very fragile, because businesses are afraid to grow. Obamacare has busted them. Regulations are killing them. The world market is not stable. We now seem to be more interested in stabilizing Iran than we are America. Americans have lost jobs. Five million foreclosures. Five million manufacturing jobs lost since the year 2000, and this president seems to think that if we just put some more regulations, raise taxes, and make it harder for businesses to succeed, that maybe the economy will get better. Well, Stuart, the economy is not in recovery for many Americans who are out there working every day.”
Huckabee then advocated for the Fair Tax, which he argued would bring capital back to the US. Huckabee stated that getting a Fair Tax passed is “a transformational change. No, it isn’t easy, but then getting Obamacare passed wasn’t easy. Here’s what it requires. It requires a president who not only is committed to the idea of a tax that actually rewards productivity rather than punishes it, but then it requires a president who can articulate how that translates into people getting their jobs back, making good wages again, being able to rise up through the ranks of the middle class, pay for their kid’s college, add a room to the house, buy a boat, go on vacation, live the American dream, which Americans can’t do right now, because they’re being gut punched by economic policies that punish them for working hard.”
Huckabee concluded, “the Federal Reserve is partly to blame, just mainly because they’ve manipulated the economy with quantitative easing. They’ve made sure that the stock market is really the only place to put an investment. Nobody can put it in bonds, nobody can put it in CDs, and it’s artificially sugared it up. I mean, this is like giving your grandkids a big, big boost of sugar, and yeah, they’ve got a lot of energy for a while, but when that sugar runs out, they’re going to crash, and we’re running the economy on the sugar rush of infused capital, which is really not going to be sustainable, and so I think the Fed has some responsibility for that.”
Follow Ian Hanchett on Twitter @IanHanchett
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