The section of Mitt Romney’s ‘47% gaffe’ tape you haven’t heard

Glenn Beck

…“If you want to reason a vote for Mitt Romney here it is,” Glenn told listeners this morning…

“I want you to listen carefully to what Mitt Romney said is the biggest problem in our country.  A response to a question – listen to what he says about the Federal Reserve.

“Yeah, it’s interesting…the former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we’re issuing—which they’ve been doing, the Fed’s buying like three-quarters of the debt that America issues. He said, once that’s over, he said we’re going to have a failed Treasury auction, interest rates are going to have to go up. We’re living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who’s loaning us the trillion? The Chinese aren’t loaning us anymore. The Russians aren’t loaning it to us anymore. So who’s giving us the trillion? And the answer is we’re just making it up. The Federal Reserve is just taking it and saying, “Here, we’re giving it.’ It’s just made up money, and this does not augur well for our economic future.

You know, some of these things are complex enough it’s not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind.”


Listen to Romney’s statement here:

Romney talks about the Fed

“Why are we not talking about that,” Glenn asked. “Do you hear what the presidential candidate just said? Apparently not.  Nobody knows — nobody cares.  Nobody in the media cares.  This is a major revelation.”

The ‘Ron Paul people’ always harp on ‘auditing the Fed’ and claim that no one will go after the Fed but Ron Paul. Mitt Romney will according to his words caught on this tape in a candid moment.

“While everybody is else paying attention to the 47% there is your answer.  Your answer is he knows what’s going on with the Federal Reserve, and he is warning us what’s happening in the Federal Reserve.”

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