Sunday, January 24, 2010

3 Reasons to Keep Bernanke in his Position

I disagree with the GOP trying to block Ben Bernanke's reappointment as Fed chief for 3 reasons:

1) He did a pretty good job keeping the dollar stable despite the administration's disastruos policies. The dollar didn't crash and the money supply is in check despite irresponsible spending.
2) A good Fed Chairman is an unpopular one. You don't want a populist in that position.
3) You don't want Obama to appoint yet another ignorant crook (like his czars) to head the Federal Reserve

1 comment:

  1. Good points. Bernanke would be a million times better than any left-wing ideologue Obama would nominate (if Bernanke fails).