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Ben Bernanke re-appointed, thoughts?

President Barack Obama will announce plans to nominate Federal Reserve Chairman Ben Bernanke to a second term Tuesday morning, a White House official tells POLITICO.

The president will take time out of his summer vacation on Martha’s Vineyard to make the announcement, one that brings to an end speculation over Bernanke’s future at the Fed. Nominated to his first term by President George W. Bush in 2006, Bernanke has played a key role in fiscal policy during the deepest economic recession since the Great Depression.



Read more: http://www.politico.com/news/stories/0809/26411.html#ixzz0PAO6XmRG

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 12:41 AM on Aug. 25, 2009 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (10)
  • Oh goody, can't say I'm surprised...
    agentwanda

    Answer by agentwanda at 1:04 AM on Aug. 25, 2009

  • Just one more Bush disaster that Obama can now claim as his very own....just like Patriot Act, perpetual illegal wars, rendition, fear mongering to expand power, and so on...so on....so on....

    Not surprising.
    Anonymous

    Answer by Anonymous at 2:10 AM on Aug. 25, 2009

  • The fed should be eliminated. Unless we go to an Austrian economic model we will continue to spiral down.
    Carpy

    Answer by Carpy at 5:13 AM on Aug. 25, 2009

  • My thought is that I wouldn't expect anything different from Obama.

    QuinnMae

    Answer by QuinnMae at 8:26 AM on Aug. 25, 2009

  • Obama is really just a "Carter-Clinton-Bush" hybrid, now, isn't he?! Not exactly full of CHANGE (ideas, visions, plans) now is he?! LOL :o)
    LoriKeet

    Answer by LoriKeet at 9:06 AM on Aug. 25, 2009

  • Well, my oh my can't Obama do anything that President Bush has not already done?

    tyme4me2day

    Answer by tyme4me2day at 9:06 AM on Aug. 25, 2009

  • Good choice. It will give Wall Street some stability .Now they know there will be the same old 'boss".
    Good move by President!
    Anonymous

    Answer by Anonymous at 9:49 AM on Aug. 25, 2009

  • Whatever. I guess he might as well stick around till the ruins fall.
    itsmesteph11

    Answer by itsmesteph11 at 11:06 AM on Aug. 25, 2009

  • Obama=Bush Lite w/ a squeeze of Clinton.
    Anonymous

    Answer by Anonymous at 11:11 AM on Aug. 25, 2009

  • Actually, I like Bernake. He was one thing Bush did that was totally dead on. Personally I believe that Greenspan had way too much control for way way too long and one of the reasons we are in this mess.
    urkiddingright

    Answer by urkiddingright at 2:44 PM on Aug. 25, 2009

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