http://www.reuters.com/article/idUSN2213936220100123
Bernanke second term in doubt
The Democrats just lost an election that they previously thought they couldn't lose. Fearful that they may be next, the Democrats are starting to make noises like they actually care about the economy and the American people. One of the first visible signs of their fear, is they are starting to withdraw their support for Ben Bernanke as Chairman of the Federal Reserve.
Ben Bernanke's main qualification to continue running the Federal Reserve is that he was unable to see the current economic problems coming until the economy collapsed. And therefore he knows how to fix the problem.
Even though Ben Bernanke is as qualified for his post as most elected or appointed officials, that may not be enough to save his job.
While the Democrats may not be able to recognize competence or quality in elected or appointed officials, they have been able to notice anger directed at themselves from the public. The Democrats have finally decided to do something to reduce that anger. Some have decided to retire early, to save themselves the humiliation of losing an election. Others are starting to make noises like they are representing the American people and want to do what is good for the United States.
Since the Democrats have NOT given up their support for the Barack Hussein Obama Health Care Deform plan, I am not sure how well this ploy will work. However with elections not until November, there is still time for other face saving gestures.
Later that same day:
http://www.latimes.com/news/nation-and-world/la-na-bernanke24-2010jan24,0,5262512.story
Federal Reserve Chairman Bernanke picks up backing for reconfirmation
Politicians who do not care about the citizens or the economy of the United States, and who are not worried about immediate reelection, have decided to throw in their support for Ben Bernanke. Only time will tell if the voters from their districts will remember their traitorous actions at reelection time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment