Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke

[bobbyw24]

Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.

http://libertypulse.com/article/3745

[hugolp]

I enjoy seing Bernanke questioned, but at the end this is a distraction. The question its not who is in charge of the Fed, because at the end it does not matter. The real problem is the Fed itself, not who is running it.

[LittleLightShining]

I enjoy seing Bernanke questioned, but at the end this is a distraction. The question its not who is in charge of the Fed, because at the end it does not matter. The real problem is the Fed itself, not who is running it.

Bingo!

[lynnf]

you'd think he'd take the hint and depart on his own.....


lynn

[Stary Hickory]

This is good news, at the every least blame for this mess is being directed where it ought to be to a certain extent. Enough to cause Bernanke problems. Bernanke loaded the gun when he bailed out those banks with inflationary dollars.

Now we are all waiting for the banks to pull hte trigger and wreck the value of our dollar.

[bobbyw24]

Sen. Russ Feingold (D-Wis.) on Friday morning pledged to vote against Ben Bernanke's nomination to head the Federal Reserve Board for a second term.

Feingold’s announcement comes amid questions about whether Bernanke has the votes to win confirmation in the Senate. He was easily approved in a 16-7 Senate Banking Committee vote in December.

The chairman has come under criticism from lawmakers in both parties on a range of issues, from the Fed’s efforts to save AIG to the transparency of its books.

Bernanke has taken heat as Wall Street’s profits have soared while unemployment has become stuck in double digits, and the wave of economic populism soaring through Washington in the wake of a stunning Democratic loss in the Massachusetts Senate races comes at a bad time for his confirmation.

http://thehill.com/blogs/blog-briefing-room/news/77485-feingold-to-oppose-bernanke-for-second-fed-term

[bobbyw24]

Things aren't looking up for Ben Bernanke, nominated by President Obama
for a second term as head of the Federal Reserve. Sen. Barbara Boxer
(Calif.) has become the latest Democrat to announce her opposition,
reports Ryan Grim at The Huffington Post.

"I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When
the financial crisis hit in late 2008, he took some important steps to
prevent what many economists believe could have been an even greater
economic catastrophe," said Boxer.

"However, it is time for a change - it is time for Main Street to have a
champion at the Fed. Dr. Bernanke played a lead role in crafting the
Bush administration's economic policies, which led to the current
economic crisis. Our next Federal Reserve Chairman must represent a
clean break from the failed policies of the past."