Pence stokes 2012 buzz with economic address

Font Size:

House Republican Conference chairman Mike Pence (R-Ind.) will offer a major economic address later this month, the latest evidence that the Indiana congressman has his sights set on a foray into the national political scene.

Pence will address the Detroit Economic Club on Nov. 29 in a speech advisors hope will allow him to burnish his credentials as a fiscal policy expert and more than just a deficit hawk. In the address, Pence will outline an economic plan focused on limiting government spending, tax cuts and free trade.

The announcement of the address comes a day after Pence issued a statement blasting the Federal Reserve for buying back $600 billion in U.S. government bonds in an effort to lower interest rates. In a statement, Pence said the move would dilute the value of the dollar, which he called “an incalculable risk.”

Many economists applauded the Fed’s actions and said the buy-back would help the struggling economy rebound by lowering interest rates and spurring growth. But Pence’s position appeals to the most conservative fiscal hawks.

Full Story: Pence Stokes 2012 Buzz With Economic Address – Hotline On Call