Reply #23: Someboy please tell me again why Pres Obama [View All]

[chill_wind]

really pushed for his reappointment.

Oh- that's right:

White House chief of staff Rahm Emanuel, Treasury Secretary Timothy F. Geithner and Summers all recommended to the president that Bernanke be retained, according to the administration official.

http://www.washingtonpost.com/wp-dyn/content/article/2009/08/24/AR2009082403291.html

Ben "it will be contained to subprime" Bernanke Warns of Debt Crisis
Tuesday, 27 April 2010 14:01

Federal Reserve Board Chairman Ben Bernanke, who famously missed the housing bubble and then insisted the problems in the housing market would be contained in the subprime sector, warned the country about the need to contain deficits in testimony before President Obama's deficit commission today. It would have been helpful to readers if reporters had noted Mr. Bernanke's track record so that they would be better able to assess the importance of his remarks.

http://www.cepr.net/index.php/blogs/beat-the-press/