Posted on 01/21/2010 7:17:49 PM PST by kristinn
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.
Bernanke's term expires on Jan. 31.
SNIP
Sanders, Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote.
Voter anger is of heightened concern to members of Congress given the surprise victory of Sen.-elect Scott Brown, R-Mass., who rode a tide of voter discontent and economic anxiety to an upset victory in a special election earlier this week.
Last month, the Senate Banking Committee voted in favor of Bernanke's nomination by a vote of 16-7, not exactly a reflection of overwhelming positive feelings towards the Fed chair given the fact that he was first appointed in 2006 by President George W. Bush and nominated by President Obama for a second term last August.
Senate Majority Leader Harry Reid, D-Nev., at one point was planning on scheduling a vote on Bernanke for Friday, but the Senate is currently in the midst of a debate over raising the debt limit and the vote has been pushed.
The majority leader met with Bernanke earlier today...
SNIP
Roll Call reported this week that at the Senate Democratic caucus meeting on Wednesday, "according to senators, liberals spoke out against confirming Bernanke for a second term. Those liberals tried to make the case that the White House needs to put in place fresh economic advisers to focus on 'Main Street' issues like unemployment rather than Wall Street concerns. Moderates were more reserved, senators said, but have similarly withheld their support for Bernanke."
(Excerpt) Read more at blogs.abcnews.com ...
Audit
Audit
Audit
bookmark
I don’t know. Confirming the guy whose face is part of the evil banker bailouts will conflict with obama’s new populist act.
Filibuster the increase in the Debt Ceiling next.
I wonder if this realization has anything to do with the market tanking the last two days. That is, the man with the smoke and mirrors might be going away.
Watch them appoint Barney Frank or Chris Dodd.
We are witnessing the total collapse of democrats. It is simply incredible.
The Democrats would go apoplectic
An Audit isn't going to do much to the Fed, at best it will let us look at events 6 months to a year after they have already occured so the damage of this awful institution will already have been done, assuming anyone can even understand what really occured.
The only way to really bring it under control is to abolish it completely and put in place an organization that is owned by the people, not private banks.
They should filibuster everything. Literally everything. Make them read the whole bill. Make them read Ben Bernanke’s whole DNA strand.
When you say “owned by the people” I hope you don’t mean government. We’d have gone bankrupt already with these idiots running the place.
I think I heard that mentioned on Fox one morning...that Dodd would be appointed.
“Those liberals tried to make the case that the White House needs to put in place fresh economic advisers to focus on ‘Main Street’ issues like unemployment rather than Wall Street concerns.”
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If you notice.....NOW they’re worried about ‘main street’. I heard an interview today....and LOL’d. Pathetic.
Maybe like o-bow-man his gang of merry man thieves and liars is as much of smoke and mirror as he is.
WOW! Wouldn’t that be the icing on the cake to see Ben Bernanke tossed out on his ass...??!!
The down side to that is Obama is just as likely to nominate Chris Dodd next...
Get that maniac outta there!
“The down side to that is Obama is just as likely to nominate Chris Dodd next...”
Or worse, Alan Greenspan.
Too bad G. William Miller is deceased.
Time to abolish the FED, Fanny, Freddie, and Barney.
The prospect of Bernanke not being reconfirmed should excite me because he is a crook and should be in jail. The problem is that it terrifies me to think of who the democrats and the bankers would put in his place.
He should be arrested for theft of taxpayer money and I hope we now halt the increase in the debt ceiling!!
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