Banking Committee approves Bernanke for second term, 16-7

[kpete]

Source: The Hill


Banking Committee approves Bernanke for second term, 16-7
By Michael O'Brien - 12/17/09 11:26 AM ET

The Senate Banking Committee approved Federal Reserve Chairman Ben Bernanke's nomination for a second term, with most Dems in favor, on Thursday.

Sixteen members of the committee supported Bernanke's bid for a second term atop the Fed, while seven senators opposed.

All but one of the committee's 13 Democrats, Sen. Jeff Merkley (Ore.), voted for Bernanke, while the committee's Republican members were more mixed. Six Republicans, including ranking member Richard Shelby (Ala.), voted against Bernanke, while four voted in favor.

Bernanke was expected to pass committee, though he's faced some populist outrage from both the left and the right in recent weeks.

Read more: http://thehill.com/blogs/blog-briefing-room/news/72739-banking-committee-approves-bernanke-16-7

[RUMMYisFROSTED]

1. The hits keep coming.

[Illuminated]

2. Fuck Bernake and the horse he rode in on.

[RUMMYisFROSTED]

4. That horse was George W. Bush.

Neigh!

[No Elephants]

13. Who is it now?

[DonkeyHoTay]

15. No, it was a horse of a different color -- GREEN! (Greenspan)

Greenspinmeister.   And to think that we were gullible enough
to swallow everything he said and did for so many tears!

[Ter]

3. Amazing

Democrats support this ass more than Republicans. :(

[ShortnFiery]

5. The whores in the M$M said that since Bernanke won Time's Person of The Year, he MUST

be approved for a second term. :puke: :grr: :grr: :nuke:

[debbierlus]

8. Tweety was having an orgasm over him last night - it was sick

[Earth_First]

6. I'd love to hear the list of what Bernake promised the Fed and bank CEOs behind closed doors...

This guy wasn't confirmed as a Spitzer Democrat to clean this mess up...

[pdefalla]

7. Stockholm syndrome

That's the only thing I can think of. Here we are, with the results of Bernanke's thievery slapping us smack in the face, and all we can do is say, "Can I have another?"

[No Elephants]

16. Wha tchoo mean "we?" I never said that. Did you? I think the correct pronoun would be "they."

I ain't taking the blame.

[FiveGoodMen]

9. One more indication of what 'our' party really thinks of us.

[biermeister]

10. How they voted-

Yeas:

Chairman Chris Dodd (D-Conn.)
Tim Johnson (D-S.D.)
Jack Reed (D-R.I.)
Charles Schumer (D-N.Y.)
Evan Bayh (D-Ind.)
Robert Menendez (D-N.J.)
Daniel Akaka (D-Hawaii)
Sherrod Brown (D-Ohio)
Jon Tester (D-Mont.)
Herb Kohl (D-Wis.)
Mark Warner (D-Va.)
Michael Bennet (D-Colo.)
Bob Bennett (R-Utah)
Bob Corker (R-Tenn.)
Mike Johanns (R-Neb.)
Judd Gregg (R-N.H.)

Nays:

Jeff Merkley (D-Ore.)
Ranking member Richard Shelby (R-Ala.)
Jim Bunning (R-Ky.)
Mike Crapo (R-Idaho)
Jim DeMint (R-S.C.)
David Vitter (R-La.)
Kay Bailey Hutchison (R-Texas)

[ellie]

11. Thanks

I am writing Sen. Brown right now. I think the only way we will be heard is to write letters and contact our reps every day. Squeaky wheel gets the grease.

[WriteDown]

12. Twilight zone. nt

[dgibby]

17. Is Chris Dodd trying to lose his seat? n/t

[LeftHandPath]

20. No, he's trying to secure more financing.

Dobb is bribe magnet. All of his major contributors are the corrupt and insolvent banks. He got a sweet deal from Countrywide on his mortgage, and now he has secured his campaign financing for 2010.

I hope he gets his ass kicked.

Connecticut really needs to get rid of their 2 Senators. I'm not spending a dime in that state while these two are representing it.

[chill_wind]

21. Thanks for getting that up there.

Damn. :-(

[Demeter]

23. I'm Shocked at Sherrod Brown

Not that one vote would have turned the tide, but still, I thought he knew right from wrong.

[mbperrin]

24. Finally! Kay Bailey and I agree on something!

Even a stopped clock is right twice a day.

[No Elephants]

14. Kudos to Merkley of Oregon. Remember hiim favorably.

[Triana]

18. "All but one of the committee's 13 Democrats"...have Ds and Rs reversed roles

and not told us? Sure seems that way in this bassackwards world.

[LeftHandPath]

19. Nobody has been more WRONG than Bernanke...

He missed every sign the bubble was building, he missed the fraud, he failed to go after the criminals, and this is his reward.

The number 1 arsonist in America is nominated to a second term as fire chief.

Reward failure.
Privatize the profits.
Socialize the losses.

http://www.youtube.com/watch?v=HQ79Pt2GNJo

[AngryAmish]

22. Nice to have known you, Dodd

[Lorien]

25. Bernanke moves closer to second term

Source: Financial Times

Bernanke moves closer to second term

By Krishna Guha in Washington

Published: December 17 2009 18:16 | Last updated: December 17 2009 18:16

Ben Bernanke moved closer to a second term as chairman of the Federal Reserve in the face of a revolt in Congress against his appointment by Senate Republicans.

In a high-stakes hearing, the Senate Banking Committee voted 16 to 7 to advance Mr Bernanke’s renomination to a full vote of the Senate. But while the Fed chief won overwhelming support from Democratic senators on the committee, more than half the Republican members voted no, including ranking member Richard Shelby.

“I strongly disapprove of some of the past deeds of the Federal Reserve when Ben Bernanke was a member and its chairman, and I lack confidence in what little planning for the future he has articulated,” said Mr Shelby.

Supporters cited efforts made by Mr Bernanke – who was named Time Magazine’s Man of the Year this week – to battle the financial crisis. “He did bring us back from the brink of a Depression,” said Democrat Robert Menendez.

Read more: http://www.ft.com/cms/s/0/d4262eb6-eb36-11de-bc99-00144feab49a.html

[Lorien]

26. All but one Democrat voted for him, all but one repug against.

Shameful.

[scentopine]

27. The Centrists WIll Happily Vote For More of the Same Since

they will profit. Money is everything and this fucker has tons of it, his "own" and ours.

Democrats and republicans are the same. We have single party rule and it isn't "liberal" and it isn't democratic.

[davidwparker]

28. "from the brink of a Depression" - He did? So says one of the

collective idiots who turned over money with no strings attached just because the previous BALD-FACE lying administration said so.

Idiots.

Crooks.

Liars.

This man should have never been nominated again.

[earcandle]

29. You know, I am afraid I am getting an intuitive hit that majority of the Democrats have become

criminals as well and protectionist for bad economies.

[laughingliberal]

30. Oh, good. I was afraid we wouldn't get that 'entitlement reform' he was promoting

Or maybe it was health care reform I wanted. Is that the same thing?

:eyes:

[Nihil]

31. "though he's faced some populist outrage ... in recent weeks"

> Bernanke was expected to pass committee, though he's faced some
> populist outrage from both the left and the right in recent weeks.

:rofl:

The criticism for his incompetence (or, rather, his competence at
delivering to the "other set of goals") is scornfully dismissed as
"some populist outrage".

:rofl:

So much for the dream of democracy in the single party state that
is the USA!

:patriot: :spray: