The Bernanke Nomination: The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman's second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics.
Time to Bring the Federal Reserve to Heel: Sometime in the next ten days the U.S. Senate will vote on whether or not to give Ben Bernanke a second term as Chairman of the Federal Reserve. The only honorable and right thing to do is to reject his nomination.
The Myth of Blue Dog Democrats: If, as the 2010 elections approach, the Democrats appear headed for a crushing defeat, expect to hear that Americans just 'want to throw the bums out.' But to write off voter disgust with out-of-control spending and the stinking backroom buyoffs to pass an unpopular health care bill as a generic anti-incumbency fashion statement clearly benefits the party in charge, that being the Democratic Party.
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