Markets worry loyalty to guide Bush in Fed choice

sauce for the megacorporate gander?

Who knew?

wonderingly,
Bright

not to do something stupid like pick his personal lawyer for the Supreme Court.

"But some analysts think the heat Bush is taking over Miers and his weakened popularity make it all the more likely he will seek a Greenspan successor whose resume is above reproach."

Bush doesn't LEARN from his mistakes because he doesn't acknowledge to himself or others that they WERE mistakes.

http://today.reuters.com/PrinterFriendlyPopup.aspx?type=bondsNews&storyID=uri:2005-10-19T154327Z_01_N19432288_RTRIDST_0_BUSH-FED.XML

WASHINGTON, Oct 19 (Reuters) - Controversy over the pick of Harriet Miers -- the White House counsel and President George W. Bush's onetime personal lawyer -- for the Supreme Court has stirred concerns on Wall Street that loyalty may trump expertise in the pick of a new Federal Reserve chief.

With Fed Chairman Alan Greenspan due to to step down at the end of January, cartoonist Tom Toles captured the angst by showing a cleaning lady bursting through the Fed's door: "Now who's this Alan Greenspan fellow who I'm replacing?" And bloggers joke about headlines saying, "Bush picks own accountant to replace Fed's Greenspan."

<snip>

"That's a generic rule. I don't know if it applies to Bush," he said. Gallagher noted Bush tapped Miers even with his political wounds still fresh from the poor performance during Hurricane Katrina of former Federal Emergency Management Agency chief Michael Brown, whom critics decried as a crony.

<snip>

Hubbard, a fiscal expert and architect of Bush's 2003 tax cut, has the closest ties to Bush, although Feldstein advised the president's 2000 campaign.

...more...

He thinks he is doing a fine job.
That would support the theory that you can't apply any logical rules when it comes to bu$h and his nominations.
The only rule that applies is; How is the nominee connected to the regime?

"But some analysts think the heat Bush is taking over Miers and his weakened popularity make it all the more likely he will seek a Greenspan successor whose resume is above reproach."

They still fail to understand Dubya. He'll give them the Bronx cheer precisely because of the reaction to Miers.

they're not worried about bush's cronism.