Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke
Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.
Bernanke's term expires on Jan. 31.
The White House did not respond to many requests for comment.
"The American people are disgusted with the greed and recklessness of Wall Street," Sen. Bernie Sanders, I-Vt., said in an interview with The Associated Press last month. "People are asking, 'Why didn't the Fed intervene at the appropriate time to stop the casino-type activities of large financial companies?'"
Sanders, Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote.
http://blogs.abcnews.com/politicalpunch/2010/01/senate-dems-...
Senator Boxer Will NOT Vote to Confirm Bernanke
Things aren't looking up for Ben Bernanke, nominated by President Obama
for a second term as head of the Federal Reserve. Sen. Barbara Boxer
(Calif.) has become the latest Democrat to announce her opposition,
reports Ryan Grim at The Huffington Post.
"I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When
the financial crisis hit in late 2008, he took some important steps to
prevent what many economists believe could have been an even greater
economic catastrophe," said Boxer.
"However, it is time for a change - it is time for Main Street to have a
champion at the Fed. Dr. Bernanke played a lead role in crafting the
Bush administration's economic policies, which led to the current
economic crisis. Our next Federal Reserve Chairman must represent a
clean break from the failed policies of the past."
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Good. Maybe She's Reading My E-Mails
I've been bringing this up any time I send her a Downsize DC e-mail about something.
Of course, she still hasn't gotten the right message. If we have any hope of auditing or getting rid of the Fed, it's because Congress wants a scapegoat, not because they suddenly understand economics or the value of the Constitution or free market.
IMissLiberty
great job
and great timing because of the new struck fear because of scott brown's election success, though it is still largely due to the accelerated awareness this liberty movement which really sparked the later tea party movement brought about. and scott brown isn't getting any personal thanks from me for his apparent flip flop on health care. it's rather unexpected that there would be an incident like this occurring out of the blue just before the bernanke confirmation deadline that could spark additional momentum for the audit of fed bill from a seemingly irrelevant senate election. certainly the issue itself will have to have been put on the populist radar as it was already conceived as a popular grassroots issue before the recent election in massachusetts. it just confirms one thing--if we keep working at it, good results will come. we just have to work to put the issues on the radar first, and because the liberty principles are right, any new incident that happens will all draw attention to those beacons we establish, and eventually they will grow legs on their own just like the tea party movement although i'm not too sure where it's headed at the moment. it seems the wind is certainly blowing our way.
Sen. Feingold to oppose Bernanke as doubts grow over vote count
Sen. Russ Feingold (D-Wis.) on Friday morning pledged to vote against Ben Bernanke's nomination to head the Federal Reserve Board for a second term.
Feingold’s announcement comes amid questions about whether Bernanke has the votes to win confirmation in the Senate. He was easily approved in a 16-7 Senate Banking Committee vote in December.
The chairman has come under criticism from lawmakers in both parties on a range of issues, from the Fed’s efforts to save AIG to the transparency of its books.
Bernanke has taken heat as Wall Street’s profits have soared while unemployment has become stuck in double digits, and the wave of economic populism soaring through Washington in the wake of a stunning Democratic loss in the Massachusetts Senate races comes at a bad time for his confirmation.
http://thehill.com/blogs/blog-briefing-room/news/77485-feing...
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I am not so much disgusted
I am not so much disgusted with the "greed and recklessness of Wall Street" as I am with having to pay to bail out the already extremely wealthy people who caused this mess in the first place. If people want to be greedy and reckless with their own money, that's fine by me. I just don't feel that I should have to pay for it.
Drain the swamp!
Would he be the first Federal
Would he be the first Federal Reserve Chairman that did not get voted back into his position? (I would assume that most of them have retired under the impression that it was their own free will.)
And why do the Democrats care? Shouldn't they consider this guy as baggage from the Bush era?
Lets keep it up...
I bet the secretary at Bunnings (KY) office thought it weird when I called yesterday about an hour before he released his statement calling to hold any vote on Bernake until an audit has taken place...
I know my call had no bearing on him but it was just weird. Wish all politics happened like that.
Question???
What is Scott Brown's stand on this?
Thats just the kind of question..
that keeps him in the spotlight. I dont care what palins stand is either. sorry.
The reason I'm asking... His
The reason I'm asking... His 60th vote will be crucial on the "audit the fed"??? will it not?..or do I have it mixed up?
If the Republicans plan to filibuster SR 604. So probably not.
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Free includes debt-free!
Bernanke should go to federal jail, not to the federal reserve
the man continues to run the biggest ponsy scheme in the history of the world without any remorse.
this cartel / fraud must be stopped
it is interfering with and corrupting legitimate government and private sector functions while creating an ever increasing fraudulent system that is already too big to fail.
the sooner the paper computer digit money bubble inflation scheme falls, the sooner we can all begin to recover.
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Ron Paul / Rand Paul ...The Taxpayers' Best Friends!
RESTORE AMERICA NOW
AN APPEAL TO HEAVEN - Washington's Cruisers
http://www3.villanova.edu/centennial/js1g.htm
Leave Us Alone and Bring the Troops Home
Correction
Once abolished, the Federal Reserve should become a jail for all the biggest political players in the past few decades. A jail such that anyone, independent press or not, can ask them questions any time.
LibertyDefined.org | If | Not Perfect
add bronze plaque "Stupid is as stupid does" -We the people
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Free includes debt-free!