Friday, January 29, 2010

Bernanke Re-confirmation Met with Opposition

If you haven't already heard, FED Chairman Ben Bernanke was re-confirmed by a vote of 70-30 yesterday afternoon. In this two clear signals were sent: 1. Failure will continue to be rewarded in DC. 2. Some are ready to stand up to the FED chairman.

The vote did not go along party lines with the failed chairman of the currency debasing giant finding support on both sides of the aisle. Sadly, both of my Republican senators (Alexander and Corker) gave their support, but that was to be expected. Each are statist in make-up, moderates at best, and completely ignorant in the field of fiscal policy. Major supporter of the FED Sen. Bob Corker even went as far as to say:

“We need to mature a little bit. ... If we continue constant witch hunts, which is what happens here on a daily basis, no one in leadership is ever going to make a bold decision. You’re going to reduce people to just not taking leadership.”

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