Obama supports Bernanke. Look at what Bernanke is....

Fed Reserve chair Bernanke didn't see the world financial crisis coming.
Gave over two trillion dollars to Wall Street but wont say who got paid.
Says there's nothing he can do to create jobs yet tells Congress to cut Social Security and Medicare.

What's not to love?
Are there DUers here that just love what these Clinton Republicans have given us? Don't be shy now flamers... lets hear from you now.

He's been wrong from day one.

This Fed Chief Brought to You by Enron
By: emptywheel Monday January 25, 2010 7:59 am

http://emptywheel.firedoglake.com/2010/01/25/this-fed-c... /

Just wanted to throw two tidbits into the debate on Ben Bernanke’s reconfirmation. First, this quote, which needs no explanation.

In the event that Bernanke isn’t confirmed, several sources say, Federal Reserve Board Vice Chairman Donald Kohn likely would be elevated to acting chair of the U.S. central bank. Bernanke would be entitled to stay on the board until his term as a Fed governor expires in 2020, but the sources said Bernanke could instead return to a professorship at Princeton University.

Possible successors to Bernanke include three people currently advising Obama on the economy, former Fed chief Paul Volcker, Larry Summers and Christina Romer.

Kohn was traveling in Europe at the end of the week on Fed business, but strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill.

read the rest at the link



edit to add...



see the comments by :


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

JasonLeopold January 25th, 2010 at 10:40 am
15

Feb 22, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with energy task force executive director Andrew Lundquist to discuss energy policy.

April 17, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with Vice President Cheney for 30 minutes to discuss energy matters, including the California energy crisis.

April 20, 2001: Enron lobbyist Linda Robertson sent an e-mail to White House economic advisor Robert McNally.

May 23, 2001: White House economic advisor Robert McNally met with Enron lobbyists Linda Robertson and Richard Shapiro.



edit to add..if you have never read Greg Palast's "GLOBALIZATION" PLEASE DO SO.. and learn what was done to the middle class of Argentina..and Enron's involvement! You will then have a bird's eye view of what is going on here now..Argentina was the blue print!

than it does about Bernanke. I'll give Bernanke a point for not hiding who he is, Obama not so much.