Ted Cruz Suggests Gold Standard To Help Working Women
At the third GOP presidential debate Wednesday night, moderator Becky Quick asked Ted Cruz how we could “try and help” working women in the US who “still earn just 77 percent of what men earn.” In a stumbling manner, Cruz ultimately landed on the gold standard to help women. In a disjointed tirade Cruz began:
“Hillary Clinton and Bernie Sanders and all the Democrats talking about wanting to address the plight of working women, not a one of them mentioned the fact that under Barack Obama, 3.7 million women have entered poverty. Not a one of them mentioned the fact that under Barack Obama and the big government economy, the median wage for women has dropped $733. The truth of the matter is, big government benefits the wealthy, it benefits the lobbyists, it benefits the giant corporations. And the people who are getting hammered are small businesses, it’s single moms, it’s Hispanics.”
Cruz later tied “loose money” to the plight of women. “I think the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold,” Cruz said.
Cruz is not the only Presidential candidate to support the gold standard. Rand Paul has called for similar. “We need to think about our currency that once upon a time had a link to a commodity, and I think we should study it,” he once said.
Of course, in the end, it doesn’t seem like Cruz answered the question at hand.