Friday, January 22, 2010

My Man Ben

"Sorry, Mr President. I don't dance."
--Jack Ryan (Clear and Present Danger)

An interesting development today is that a few Democrat senators are suddenly turning their hats around and signaling thumbs down for reconfirming Ben Bernanke as Fed Head. Today, Senators Feingold (D-WI) and Boxer (D-CA) blinked, making the total now five against reappointment.

Why such a big deal? Mr Bernanke is President Obama's choice. In lieu of deciphering the 'message' sent by voters in Massuchesetts on Tues, some senators seem to be hedging some political capital away from the president.

The old Potomac two step...

All the more interesting given Mr Bernanke's selection as Time's Man of the Year and Warren Buffett's suggestion that we should thank our lucky stars for Ben's actions last yr.

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