How Can This Be? Re-appoint This Idiot to head the fed?

[placton]

"Ben Bernanke has overseen the greatest expansion of the Federal Reserve's balance sheet in its history, pouring trillions of dollars into Wall Street firms at roughly zero interest rates.

His generosity, however, has a limit.

In testimony before the Senate Banking Committee today, where he's seeking re-appointment as the Fed's chairman, Bernanke called for cutbacks in Medicare and Social Security even as unemployment rises and the middle class is endangered.

Citing legendary bank robber Willie Sutton, Bernanke said of the retirement and health care funds that are the legacy of the New Deal: "That's where the money is."
http://www.huffingtonpost.com/2009/12/03/bernanke-channels-willie_n_378963.html

I am sure he will get re-appointed, and rememeber- OBAMA IS THE ONE APPOINTING THIS GUY!!!

As is so often stated: it's not a flaw, it's a feature. These are Obama's guys, and his policies. Primary 2012. 1 Term President, I hope.

[mdmc]

1. There is no way Obama will lose in 2012 (I feel good)

I think that a primary would be good for Obama. It will help him steal the center.

[izquierdista]

7. Who's going to vote for him?

There are a lot here who would like to vote for a Democrat instead.

[placton]

11. so Obama is gonna move from the right to the center?

we should be so lucky

[girl gone mad]

12. you mean this center??:

Good luck with that.

[mdmc]

13. I'm just sayin that Obama will win in 2012

No matter how many wars, drug wars, wall street bailouts, and curbs on civil rights he supports..

[AndyA]

2. Obama is running off his supporters.

I don't want a Republican in the White House in 2012, but if Obama keeps this up there's no way that isn't going to happen. :wtf:

[niyad]

3. WHY isn't this sob in jail?

[Toucano]

4. Because what he's done is legal?

They have a special license from Congress to steal, I think.

[Bitwit1234]

5. Well a lot of his supporters are saying they should have voted

for Hillary. She wouldn't let these people get away with this. But you couldn't say any thing about Obama being wet behind the ears and easily led they came down on you and wouldn't let you post.

[MisterP]

6. and LaRouchites like Paul will channel rightful anger into right-wing-populist causes

so they'll be chanting "end the Fed" as though the Fed wasn't a mere symptom of the free-market worship that the libertarians/Beckites push!

[Mist]

8. How is the Fed a symptom of free-market worship? The Fed is a monopoly, and, theoretically at least,

the free-market doesn't include monopolies.

[HelenWheels]

9. Terrible choices

Obama has made terrible choices to run his treasury/economic team. Geitner for one. Now he is backing Bernacnke. I thought Obama was smarter than that.

[placton]

10. This is not a question of intelligence for Obama

it shows the kind of person, and leader, he is.

[QC]

14. Hope! Change!

Bullshit!