James Pethokoukis

From The Hill:

Sen. Bob Corker (Tenn.), a GOP member of the banking committee holding hearing on Bernanke’s nomination to a second term in charge of the Fed, said he wasn’t sure yet whether the chairman had the votes on the Banking committee or in the Senate as a whole.

“I don’t know where that sits,” Corker told reporters when asked if Bernanke would have the votes to get a second term, adding he wasn’t sure whether Bernanke would have the votes in the 23-member Senate Banking Committee, either.

Just took a break from the Innovation Economy Conference sponsored by the Aspen Institute. Particularly interesting was a joint Q&A with GE’s Jeff Immelt and Intel’s Paul Otellini.  The latter said he was concerned about the “amount of variability in the system” created by Washington. Fluctuating policy when it comes to healthcare, energy, taxes. “It is very difficult for anyone to make a hiring decision” when the future is so uncertain, he said. Immelt added he would just like to “know what the rules are.” About ObamaCare, Immelt said healthcare “costs probably aren’t going to be coming down.” He is also worried about cost shifting due to proposed Medicare cuts