Comments on: Reappointing Bernanke http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: andrew12345 http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/comment-page-1/#comment-9618 Fri, 04 Dec 2009 18:20:39 +0000 http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/#comment-9618 Felix, I think your analysis is flawed if you are assuming Larry Summers would be the next nominee. If Bernanke fails to be reappointed, it will be becasue of voter disgust with “wall street bailouts” and incompetence. In this regard, Bernanke, Geithner and Summers are all lumped togetherr in the public’s mind. Obama woul,d not risk having another confrontaion over this, and would nominate someone he thought would be an easy nomination. If he listens to the public, it would be Volcker, although I think it is unlikely. Anyways, it is not going to be Summers.

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By: DanHess http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/comment-page-1/#comment-9613 Fri, 04 Dec 2009 16:32:03 +0000 http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/#comment-9613 A Fed Chairman needs to feel comfortable issuing pain. Bernanke does not have that. That is a problem.

Bernanke was admirable in the face of a deflationary collapse and we are very lucky for that. But the time for economic pain is now, since aging boomers and unfunded liabilities mean great future challenges.

Bernanke’s policies are making Congress’s present profligacy possible. We are raising troop levels in Afghanistan with borrowed money. Considering America’s fiscal position, this is the height of insanity.

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By: scott1959 http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/comment-page-1/#comment-9610 Fri, 04 Dec 2009 15:37:35 +0000 http://blogs.reuters.com/felix-salmon/2009/12/04/reappointing-bernanke/#comment-9610 One of the more disappointing moments of his testimony yesterday was when he was so forceful in saying that Social Security and Medicare should be cut because “that is where the money is”, but demurred on taxes. First, I am concerned about his addressing policy, but if he feels the need to, the lack of even-handedness is an issue: if he is concerned about the deficit all options should be on the table, not just the expense side.

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