Sunday, January 24, 2010

Change we can believe in: Reappointing Bernanke??

I am so angry that there is a better than even chance that the Senate, which still has sixty Democrats, is going to reconfirm Ben Bernanke as chairman of the Federal Reserve Board. The president, who tells us that he will "fight" for working classes, ominously warns against "playing politics" in voting against Bernanke. The Republicans in Congress must be really cracking up over this one, as they get to vote against Bernanke and say, "The Democrat (sic) Party is the party of Big Business and Wall Street. Darn those elite liberals!"

This is just one more example of Obama and his tone deaf Democratic Party allies attacking their electoral base. "Audacity of hope" is the hoax I thought it was when I first perused Obama's book a few years ago.

Why can't we just run Bernanke out of town on a rail the way Ted Kennedy led that charge against the odious Robert Bork? And when Democrats start acting like New Dealers again, you watch how fast phony populist Republicans like John McCain start running to Bernanke's defense...

Bernanke is the one who gave aid and comfort to the elite financiers during the housing bubble. He then threw out his right wing "free market" rhetoric in order to bail out his friends in the banking and financial industries. Since then, he has been traveling back towards his bromides for Milton Friedman types of policies and has opposed allowing the Federal Government to audit the Federal Reserve's lending activities.

Look, Mr. President. They call you a Commie-Muslim-Kenyan already. Why not just pull Bernanke's nomination and nominate someone who actually cares about working people--and still knows finance? Such people are out there. Heck, show some audacity of hope for once. Robert Pollin would do a much better job than a schmuck like Bernanke. Plus, Robert is the son of the late Abe Pollin, owner of the Washington Wizards. Isn't that worth something to you as a hoops fan?

Fat chance. Nada. Crickets churp on the prairie fence.

At least some Democrats in the Senate remember something about the duty to help working folks and their families. Bravo to Senators Boxer, Merkley, Feingold and Dorgan. And double thanks to Senator Bernie Sanders (I-Vt) for initially leading this charge against the re-nomination.

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