Populist Surge on Hill Eases the Support for Bernanke

[phantom power]

Yeah, better hurry Obama. God forbid Bernanke might not get back in.
:eyes:

Alarmed that there might not be the 60 votes in the Senate needed to extend Mr. Bernanke's term beyond its Jan. 31 expiration, the White House entered the fray publicly for the first time, with officials trying to win support among Democratic senators.

http://online.wsj.com/article/SB10001424052748704509704575019152487519286.html

[Vincardog]

1. Why is it that the WH only comes out strongly on the BANKERS side?

[Tansy_Gold]

3. You took the words right out of my fingers

GMTA

[Rosa Luxemburg]

2. but he was Time Magazine's man of the year!

:evilgrin:

[jschurchin]

4. Yeah, and so was

Hitler and Stalin.:evilgrin: :evilgrin:

[Po_d Mainiac]

5. The easing of support??

I hope Chopper feels like a scrotum, trying to be held up with a jock strap that's been washed in hot water too many times.

[Hawkowl]

6. Obama, if he only had a brain

The president is completely out of touch with the general public. A complete fool.

[ParkieDem]

7. This is an interesting development

I know it stems from the bailouts, not interest rates, but populism typically supports people who are in favor of lower interest rates. Bernanke has kept interest rates quite low, which in other times would probably endear him to populists.

[amandabeech]

8. But he has treated the banks with kid gloves.

AND he has not kept rates down on unsecured debt, like credit cards.

AND the credit score necessary to access the cheap credit is beyond many, many people and businesses.

Low interest rates are only good if you can get them.