Reid Says He’ll Support Bernanke for Second Term as Fed Chairman

[The Northerner]

Source: Bloomberg

Jan. 22 (Bloomberg) -- Senate Majority Leader Harry Reid said today he will support Ben S. Bernanke for a second term as chairman of the Federal Reserve.

“While I will vote for his confirmation, my support is not unconditional,’’ Reid, a Nevada Democrat, said in an e-mail statement. “I know Chairman Bernanke is committed to transparency and accountability, and that is why I will hold him to the highest standards of both.”



Read more: http://www.bloomberg.com/apps/news?pid=20601110&sid=aObqxZzU5F38

[jgraz]

1. I'm going to die of not surprise

:eyes:

[jasi2006]

32. Sure would like to know who is actually controlling the banking actions

in Congress and why?

[Sebastian Doyle]

2. Of course he will

Leave it to Spineless Harry to take the wrong side. Again. As usual.

[Rage for Order]

3. Quelle surprise

:eyes:

[DarthDem]

4. Cannot WAIT Until Reid Is Voted Out

Sad, but true.

[Wapsie B]

5. Of all the angry Mormons in the world we have to get the one with no spine.

Who in God's name gave him the post of Majority Leader?

[clear eye]

6. Gag.

:puke:

[FarPoint]

7. They just won't listen!

How stupid are our Democratic leaders anyways?:scared:

[BumRushDaShow]

8. For Reid

"transparent" = taking "opaque" to "translucent". :eyes:

[BP2]

9. Big Pharma, Big Insurance & now Big Bankers. Anyone else you want to sell us out for Harry? eom

[Dr.Phool]

22. You forgot mining. That's who really owns him.

Really, really dirty mining. Mother Jones had a big article on him last year.

[KeepItReal]

10. Who's consulting these guys? Bizzaro?

[havocmom]

14. Better question: who is blackmailing them & with what

My new litmus test: Any DEM who is NOT trying to get rid of the people who caused, covered for, or otherwise aided/abetted the economic terrorism we have going on is either one of the fascists or a coward being blackmailed willing to sell out the nation to protect their own dirty laundry.

I used to be pretty tolerant. Kiss that shit goodbye. I want Harry to fucking man up and retire.

[KeepItReal]

17. What? You want Harry the Boxer-keepin-his-power-dry gone?

As you should!

[havocmom]

28. yep, I had high hopes once, but now I want Harry to take a powder

He's tired.

[DeadEyeDyck]

11. K & R

[elocs]

12. Start counting Harry because you ain't got 60 votes in the Senate:

http://voices.washingtonpost.com/44/2010/01/feingold-boxer-oppose-second-t.html

Feingold, Boxer, Dorgan oppose second term for Bernanke

Updated 1:17 p.m.
From wire reports
Three more senators, Sens. Barbara Boxer (D-Calif.), Russell Feingold (D-Wis.) and Byron Dorgan (D-N.D.), announced Friday their opposition to a second term for Federal Reserve Chairman Ben Bernanke.

"It is time for a change," Boxer said in a statement. "Our next Federal Reserve chairman must represent a clean break from the failed policies of the past."

Feingold said, "Under the watch of Ben Bernanke, the Federal Reserve permitted grossly irresponsible financial activities that led to the worst financial crisis since the Great Depression."

Dorgan is upset that the Fed has kept secret the identities of firms that took out emergency loans.

Two senators have already announced their opposition to Bernanke.

Sen. Bernie Sanders (I-Vt.), a liberal like Boxer and Feingold, has placed a "hold" on the nomination, meaning it will require a super-majority of 60 votes to confirm Bernanke.

[NBachers]

21. Thanks for that- I just thanked Barbara Boxer

Thank God I'm in Senator Barbara Boxer's state.

[Left Coast2020]

29. Me Too. Love ya Barbara

:yourock:

But on another board, someone suggested they are grandstanding. Not sure what to think.

[davidpdx]

23. I'd likely add Merkley (Oregon) as well

He's a big skeptical. I heard he's suppose to be on GMA talking about it soon.

[jtylerpittman]

34. Will any republican senators jump over

[BlueIdaho]

13. Spineless Dumb Shit Lightweight.

[nosmokes]

15. Another congressional zero heard from

[glinda]

16. That's it for me. Reid sucks.

[defendandprotect]

18. Reid for Bernake . . . the usual from Reid . . . terrible --

[pfitz59]

19. What utter BS!

Gut Wall Street and spread the wealth around! The obscene concentration of such treasure in the hands of so few is in abomination!

[No Elephants]

20. "Bernanke is committed to transparency and accountabillity...."

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

I never realized Reid had such a great sense of humor.


Oh, wait. It's still only January.



In that case, Harry has officially

[New Dawn]

24. Any reactionary would.

[Jefferson23]

25. So what else is new about you Reid, schmuck.

[Vidar]

26. The usual criminals stick together.

[Snazzy]

27. heckuva job, Bernie n/t

[Kolesar]

30. Bernanke has the intellect to understand "money" policy

We could have had a much worse 2009 were it not for his policy decisions (!).
And he is not Alan Greenspan

[Toots]

31. Another intrenched Democrat that just doesn't get it

Reid is going to lose his re-election bid because he continues to believe business as usual is the way to lead. People are very angry at the Fed and the Bankers in general. They feel like they have been ripped off long enough and Bernanke is the one in charge of those doing the ripping. Reid just aligned himself with the Bankers and people will no longer put up with it..Get a clue ASAP or find another job..

[fascisthunter]

33. Reid is a Con Man

I am not suprised to see him support Bernanke. Reaid likes things the way they are, that has just been displayed, again. Stop assuming he is stupid, weak or incompetent.... he's a lying corporate shill and always has been.

[Kolesar]

37. that was truly pathetic...eom

[Johnny Harpo]

35. Oh Boy More Of The Same...Just What We Need...

a guy who is worried about keeping his job supported by a guy who is worried about keeping his job.

[xxqqqzme]

36. Sadly he is one of the many congessional democrats

who will never, ever 'get it'. It would be best for all if he retired - he has a guaranteed pension plus health care something most of his constituents won't have.