Tuesday, December 01, 2009

Bernanke not a lock for confirmation

According to this HuffPost article by Ryan Grim vote counting on the reconfirmation of Fed Chairman Ben Bernanke shows a lot of undecided Senators. Things appear to be tilting in the right direction - and against confirmation - though. For instance, Senator Bernie Sanders (Populist - VT) has openly opposed Bernanke... while Senator Chuck Schumer (Political Class - NY) remains undecided.

But what I found most interesting in the article was that even House Populists were telling Senator Chris Dodd (Political Class - CT) how to run his committee:

Rep. Ron Paul (R-Texas) and Rep. Alan Grayson (D-Fla.), who led a successful effort recently to move House legislation to audit the Fed, have asked Dodd to postpone the vote until Bernanke turns over information relevant to assessing his performance.

I love it. Maybe Obama will finally have to start moving away from the failed economic policies of the Bush Administration Obama Administration that provided a $13 billion cash payment to Goldman Sachs AIG... before that bailout was funneled into $17 billion in bonuses.

Tim White

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