Should Chairman Bernanke's Fed Chairmanship Tenure be Extended?
Congress is hearing testimony and considering the extension of tenure of Federal Reserve Chairman Benjamin Bernanke. We want to know how you feel about the Chairman. Should his time as Fed Chief end here and now? Has he done a good job? "The Greek" recalls misguided statements from the Federal Reserve Chairman in the early going of real estate market unwind. Chairman Bernanke spoke about how the trouble would be contained to within the real estate marketplace; he said that it would not spread beyond real estate finance. As should be clear by now, he was greatly in error in that regard. However, many would agree, as do I, that his actions since have perhaps prevented the US and maybe global economy from falling into a second depression. We know many of you still believe this is inevitable, and will perhaps even be exacerbated by inflationary effects that our economic leaders would be responsible for. So, please do share:
Should Chairman Bernanke's Fed Chairmanship Tenure be Extended?
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posted by The Greek | 11:11 AM
13 Comments:
He should be renamed. He has done a credible job during his tenure. He did have the big gaffe on real estate, but rebounded well.
I believe Bernanke was a rock under pressure and led a tentative and often clueless Congress in the right direction. The timid gentleman realized he needed to take leadership at the helm of the economy, since the guys standing around him were George Bush, Hank Paulson and a group of lost Congressmen. I thank God for Bernanke's presence, but economic fishtail may ensue anyhow. Even so, I would extend his stay as Chairman!
The Greek has missed the real point of the Congressional pressure on Bernanke. Some very vocal members of the Senate (Bernie Sanders) and House (Ron Paul) have requested a Congressional audit of the Fed, specifically to better understand how decisions are made. Bernanke argues that it will hamper the Fed's ability to make decisions independently. This item will be a bargaining chip used before Bernanke is re-confirmed.
If we want to usher in a new world order of socialism (or monopolistic capitalism), orchestrated by oligarchs and central banks, where the middle class is enslaved in debt and eventually ceases to exist, then yes, reappoint Bernanke
His policies are and always have been severely misguided
One has to wonder whether he is ignorant of what he is doing, or part of a long-term plan of world domination
What are you, some sort of Liberal Greek pig? Keep your European Socialism and take Bernanke, Pelosi, Dodd and gang with you. Ron Paul is right! We need to abolish the Fed and let free markets decide who sinks and who swims. THAT INCLUDES AFGHANISTAN!
I think Bernanke should be reappointed. He had nothing to do with how this meltdown came into being--he's not a banker or trader or mortgage lender -- and yet he's the only one who seems to show some shame. We're lucky he was there; it could have been worse.
Thomas Jefferson warned what the CEntral Bankers would do
We are seeing it in action
I agree: abolish the FED before its too late
Let us not confuse the role played by the Fed with the role played over us by the Treasury Secretary. The Fed Chairman was significantly quiet when the Treasury Chief walked out on an economic limb in a state of panic. I stand by Bernanke... but sometimes the sea will overcome the best sailor.
Bernanke will be re-confirmed, but will they let Congress audit the Fed? That is the real question and issue behind all of the hyperbole in the press today. Obama ran on a platform of transparency in government, will he force the Fed to be transparent? Is transparency from the Fed a good thing or does it politicize our central bank? These are the real topics to be discussed.
No ! The Fed and its chairman have been politicized so the banking industry owns the operation. A strong Paul Volker voice is now needed to remove these Washington DC insiders out of the picture. Also Rep Frank and Sen Dodd must go, too, along with all the other self serving politicians!
At this critical time in our nation's history we desparately need a chairman of the federal reserve who understands economics.Unfortunately, Chairman Bernanke is not that man.
For the record, I'm an Independent now, and not because of my publisher status. I share Republican conservative values, based on strong Christian faith. I share the empathy of the Democratic Party toward the poor, and support health care reform. A student of the stock market since age 13, I also trust in free markets, when policed well. I've been called "Bull" but never a "Pig," and I'm also proud of my Greek/American heritage. Let's keep it clean Turkanonymous.
Absolutely. What is wrong with people.Granted he may have made some missteps but look at the differnce in the stockmarket from a year ago. The last thing we need is to have him booted out. Let him stay the course.
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