Bernanke Part Deux
By Thomas JeffreyArticle Posted: Tuesday August 25, 2009
President Obama announced today that he was nominating Federal Reserve Chairman Benjamin Bernanke for another four year term at that post.
Interrupting his vacation on Martha’s Vineyard to make the announcement, President Obama stated that Mr. Bernanke has “led the Fed through the one of the worst financial crises that this nation and this world have ever faced” and looked forward to working with the Fed chairman in getting the nation back on track with regards to the current recession.
Mr. Bernanke, a former Princeton University economics professor and President Bush’s Council of Economic Advisers chair, was originally nominated to oversee the Federal Reserve Bank by the Smirking POTUS back in 2006 — a post charged with, among other things, verifying the soundness of America’s banks.
We all know how well things went in that regard under Mr. Bernanke’s watch. Color this Leftwing Nutjob unconvinced.
Link: Money.CNN.com Obama taps Bernanke for second term
Comments
Jeffry E, Aug 29, 08:22 PM:
I am also unconvinced. I feel quite sure that there is someone better for the job, not that I know who…
Also, I think a large part of the problem with the banks is they got away from the KISS method. If you need the brightest minds in the world to figure out if a loan is good or not, something is VERY wrong.
Podcast #117
By Thomas JeffreyArticle Posted: Tuesday April 15, 2008
Leftwing Nutjob Podcast, Episode 117, for Sunday, April 13, 2008
Penn hits the bricks, Iran in the spotlight again, the Obama money machine, al Qaeda’s rising star and more!