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Panel OKs Bernanke Nomination For Second Term

December 23, 2009 by  

Panel OKs Bernanke nomination for second termDespite much criticism from across party lines, the Senate Banking Committee voted on Thursday to recommend Ben Bernanke’s nomination for the second term as chairman of the Federal Reserve.

The panel’s chairman, Senator Christopher Dodd (D-Conn.), said Bernanke’s "wise leadership" means that "better days do lie ahead," but many others expressed their criticism of his handling of last year’s financial crisis.

Among the most vocal opponents of the Fed chairman has been the National Inflation Association, which has criticized the central bank for keeping interest rates low and increasing the risk of hyperinflation in the future.

The NIA has been particularly outraged now that Time magazine named Bernanke Person of the Year 2009, and responded with its own distinction, designating him Villain of the Year 2009.

"The U.S. economy is riding high on its last dose of stimulus before the entire financial system overdoses and collapses," NIA says, adding that "Bernanke has pushed the inevitable recession down the road while setting up the upcoming currency crisis."

The full Senate vote is set to take place in January. However, because Senator Bernie Sanders (I-Vt.) announced he will block Bernanke’s nomination from reaching the floor for a vote by placing it on hold, it will require a super-majority of 60 votes for him to win the confirmation.
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  • Time

    Just goes to show that CRIMINALS run the US, how special. The New MOB.

  • diane

    He is a lemming of old Greenspan who did more to screw up the economy then any one else. These folks need to be audited and transparent to we the people!

  • Paul Revere

    If Anti American Zionist JEWS Like Warberg Volker,Greenspan,and Bernake, WHO NOW Run This Nation are GODS Choosen People Then God Must Be The Devil.
    Scripture has it that they are the sons of the Devil
    Since 1913 They have come to Steal Kill and Destroy and only have the love of other Peoples Money,Life And Property.
    Curse EaCH AND EVERY ONE OF THEM for Changing our LMoney ,Laws and our Morals,Religion and even our SEX

  • s c

    The message is clear. ANY prez who appoints ANYONE to be the head of the Federal Reserve has MUCH to answer for, and is probably a willing supporter of a New World Order (yes, it goes back many years).
    For all of Bernanke’s ‘supposed’ knowledge about the Great Depression, he acts like he forgot whatever he once knew. I realize it will never happen, but IF there was a way for the people to know the FULL truth, we would be told that comrade obama works for bernanke and his chums at the fed.
    When the tail wags the dog, you know that much is being hidden from us. Truth is not part of the package. Whoever owns their posteriors wields too much power for them to ever consider telling THE truth.
    LIES and the lust for absolute power are political aphrodisiacs. Temporarily, those who are under these influences will find ways to ignore
    accountability and what happens to those who SELL themselves.

  • JC

    Couldn’t ya just puke? This guy is the most recent in a long line of “Chairmen” hell bent on ruining America. Four(?) more years ought to bring us into the same situation as the Weimar in the 30′s.
    In fact the way this as**ole works, four more months might just do it.
    And we might as well throw in a Nobel Prize in Economics for the shyster too.

  • Robert

    What’s beneath that beard?

  • Dwick

    End the Fed and the economy will recover. The Fed is the cause of the problems so why are they heroes for fixing the mess they created. End The Fed, end the Fed now!

  • Dick

    If there was a perk in it for him, Chris Dodd would nominate Michael Vick for president of PETA.

    • s c

      You’re exactly right, Dick. Maybe Dodd would be happier in Nevada, where prostitution is a long-accepted fact. In Washington, Dodd is just another face in a long line of overpaid, unwatched and under-worked hookers.
      By the way, do you think ultraliberal progressives will EVER understand that a government that acts like a CORPORATION is WORSE THAN those nasty CORPORATIONS they love to bitch about? They can say what they want, but when it comes to seeing and admitting the differences between pig sludge and orchids, ultraliberal progressives HAVE NO CLUE (and they never will).
      Hey, people of Connecticut, aren’t you tired of being hosed and made to look like retards by someone YOU sent to Washington?

    • Claire

      Dick–why should things be any different?? The Eagles accepted the dog-killer.

  • http://bgadams1@comcast.net B. G. Adams

    WAY TO GOOOH !!!

    WAY TO GOOOH!!!!!

    Sign me up NOW !!!!!! We need to take our Country back from the Socialist Party in power.

    B.G. Adams
    WV

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