….. here’s one thing I know and I just want to make sure that this is off the table. The Senate certainly shouldn’t try to jam anything through until Scott Brown is seated. People in Massachusetts spoke. He’s got to be part of that process.
~President Barack Obama 1/20/2010
Yet, in other news…..
US Senate may vote on Bernanke as early as Friday (also reported 01/20/2010)
Maybe you’re wondering how long it takes to seat a US Senator. According to Juliet Lapidos of Slate.com, it is at least ten days (Friday is two days away). Maybe you’re thinking the vote will be delayed (Bernanke’s term officially expires January 31). Maybe you’re thinking that since Bernanke is a person, not a thing, it’s okay to try to jam him through. To me, it’s another chance to watch politicians spit in our faces while simultaneously shooting themselves in the foot (good comedy, as long as I don’t think about the Debt Clock). But hey, whatever you clowns wanna do is fine by me.
As of this writing, a coherent argument as to why the Federal Reserve Chairman deserves a second term remains as elusive as those televised debates on healthcare reform we were promised. There isn’t one. Bernanke failed to follow an unbelievably simple set of instructions (aka his job description) and that, more than any other single factor, is what caused the financial crisis. The praise he is receiving comes only from the capitalist failures whose obscene lifestyles he has preserved, along with the politicians and propaganda they buy.
Fun facts: GE chairman Jeff Immelt is a Class B director of the New York Federal Reserve. Class B directors are appointed to represent the public (that always makes me throw up in my mouth a little). GE owns NBC (see where this is goin’…).
It comes as no surprise to me that the mainstream media considers the Bernanke confirmation a lock (go ask Martha Coakley what a MSM lock is worth), but I truly believe our politicians are realizing that the buzzing sounds they’re hearing in the background are axes being sharpened.
Cops & Robbers (and Professors)
It is actually very easy to understand why Bernanke has been such an abject failure. The Chairman of the Federal Reserve is supposed to be a cop (see the job description), not a friggin’ “maestro”, and certainly not a school teacher. When you charge an egg-headed professor with the task of keeping order in a lawless neighborhood, all hell’s gonna break loose – guaranteed. Here’s the parable:
Some nit-wit in Gotham gets the bright to hire a law professor as a beat cop in a neighborhood renowned for gambling, prostitution, and God knows what else. The criminals are gonna love him and his complete lack of “street smarts”. Things are gonna get crazier and crazier, until sooner or later, the town’s going to wind up in flames, at which time, Professor Douche-bag calls the Fire Department. When the town almost burns to the ground, people start asking questions. Of course, the crooks are gonna hail this guy as a Messiah! And Professor Douche-bag isn’t going to start cracking skulls; he’s going to start writing ridiculous laws rather than admit he’s an incompetent boob and spend all the City’s money trying to conceal the mayhem he’s responsible for.
And as retarded as that story is, that’s exactly what is happening to America’s financial system. The damage is already horrific, but it is compounding every day we ignore it. And it will only stop when we tell Ben Bernanke to pick up his economic theories and get the fuck out. We need a real cop in charge at the Fed.
If you’re feeling charitable, you may want to remind your Senator who he works for, but I must admit, it’s more fun when they find out on election day.