Friday, December 4, 2009

Bringing Heat

"Jimmy, I've been a scout for a long time. and the number one rule is, arms slow down when they get old. Now, if I call the office and tell 'em I got a guy here almost twice these kids' age, I'm gonna get laughed at. But, if I don't call in a 98 mile per hour fastball, I'm gonna get fired!"
--Dave Patterson (The Rookie)

To label Ron Paul as the lone voice in the wilderness that is Capitol Hill is not quite correct. Senator Jim Bunning unloaded on Ben Bernanke during yesterday's confirmation hearing.

Let's fast forward to the last paragraph of Sen Bunning's remarks:

"From monetary policy to regulation, consumer protection, transparency, and independence, your time as Fed Chairman has been a failure. You stated time and again during the housing bubble that there was no bubble. After the bubble burst, you repeatedly claimed the fallout would be small. And you clearly did not spot the systemic risks that you claim that the Fed was supposed to be looking out for. Where I come from we punish failure, not reward it. That is certainly the way it was when I played baseball, and the way it is all across American. Judging by the current Treasury Secretary, some may think Washington does reward failure, but that should not be the case. I will do everything I can to stop your nomination and drag out the process as long as possible. We must put an end to your and the Fed's failures, and there is no time better than now."

Mr Senator, that's a Hall of Fame performance review!

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