Has Obama or anyone in Congress explicitly spoke out about Bernanke?

[Beavker]

Have they explicitly said we do not want to bring him back? I haven't seen anything at this time that would indicate keeping or getting rid of Bernanke. I know the Congressional oversight committee has ripped into him a bit, that that is normal for that ridiculous exercise in wasting Taxpayer dollars anyway.

I'm just wondering where CNBC is getting this idea that it's the Administration vs. Wall Street on whether to keep Bernanke or not? As far as I can see, in CNBC fashion, they are manufacturing something that does not exist, or speculating on something that would cause the most uproar in a sensationalist fashion with their viewers. Right Wing Wall Street talking heads.

Discussing whether he should be kept or not is one thing. It's a discussion. Opening the debates with the verbiage that it's Obama vs. Wall Street is, as the norm for CNBC, just poor journalism. If what they do is actually journalism.

[Zynx]

1. It's in poor form for a president to explicitly criticize a Fed Chairman.

I'm agnostic on keeping or sacking Bernanke. If the replacement is Larry Summers, for God's sake keep Bernanke. Summers is to the right of Bernanke on regulation, from what I can tell.

[girl gone mad]

2. I think we'd be better off sticking with the known evil.

Bernanke has made mistakes, but he seems to be learning.

"Chairman Summers" gives me nightmares.

[Zynx]

4. Agreed. Summers is a nightmare.

I find it interesting that his great "contributions" to economics are the following:

"As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Some of Summers' early papers concluded that corporate and capital gains taxes are an inefficient form of taxation. Cutting the capital gains tax rate, Summers found, could help the economy grow. Later, while working in the Reagan and Clinton White Houses, Summers was able to lobby successfully for cuts in both corporate and capital gains taxes. One of Summers' prominent findings in labor economics is that unemployment insurance and welfare payments are a major contributor to unemployment, and therefore should be scaled back. <3>"

http://en.wikipedia.org/wiki/Lawrence_Summers#Academic_economist

I know it is Wikipedia, but I have seen precisely the same things elsewhere.

[Beavker]

3. ...but as far as anyone has seen/heard, no one in the administration

or even the Democratic Congress has explicitly said we need to get rid of Bernanke. And I don't think they should. I don't think they will.

It's the utterly Enquirer/Jerry Springer like feel that pisses me off about CNBC.