"Rick Perry is an idiot," Bartlett said on CNN's American Morning, "and I don't think anyone would disagree with that."
But spending money (an "expansionary fiscal policy," Bartlett said) is key to correcting current economic problems. And since other methods, such as expansion in government employment and new public works projects, are being delayed and blocked by Republicans in congress, there's no other strategic avenue.
"We have to look to the one institution that still has freedom of action, which is the Federal Reserve. The risks of doing too little are far greater than the risks of doing too much."
Despite serving the Treasury under Pres. Bush and having also been adviser to Pres. Reagan, Bartlett is known to take a non-partisan approach in his criticisms. The current economic woes, for example, are the fault of the previous Republican president, Bartlett has repeatedly stated.
Read about Perry's campaign announcement from right here in Charleston:
'Confederates for Perry' upstage campaign announcement