Bernanke as the Democrats' Scapegoat

Enough with making Ben Bernanke their scapegoat before the fall elections. The United States Senate should confirm Bernanke for a second term.

I was startled this morning when I heard Harry Reid and Russ Feingold pull their support suddenly from underneath Federal Reserve Chairman Ben Bernanke.  While this is an election year and the Democrats are smarting over their dramatic loss in Massachusetts, the new populist fever running amuck over banking policies further jeopardizes the national economy.  As we have seen over the last three days, if there is an unsettling turn-over at the Fed the markets will respond negatively.

I am not pleased for what I can only surmise is pure politics when those up for election this fall step in front of the Bernanke.  I cannot imagine that this too will backfire and Democrats will be badly beaten in November. 

Jason Rodgers
Jason Rodgers: Jason Rodgers was an experienced research analyst for a major bank prior to retiring to run his own investment consultancy in beautiful Lihue, Hawaii. Jason contributed articles to BestCashCow from 2008 to 2014.

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Comments

  • Jimbo

    January 23, 2010

    Barry Hussein plays Karl Marx and hello Dow 8000.

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