Thursday, January 28, 2010

Strange Bedfellows

. Thursday, January 28, 2010

McMegan passes along this tasty tidbit:

Jay Cost of Real Clear Politics tweets that the Senate just voted for cloture on Ben Bernanke's confirmation, 77-23. Immediately thereafter came the tweet from Jim DeMint: "By confirming Bernanke, the Senate rubber-stamped a failed economic policy."

That's right, Senator DeMint (R-SC); the Senate just rubber-stamped George W. Bush's failed economic policy. Would you be happier if Barack "Sgt. Socialist" Obama replaced Bernanke -- a conservative Republican (like you) who was nominated by a conservative Republican (like you) and confirmed by a Republican Senate (including you) -- with a Keynesian? Would you rather have Paul Krugman as Fed chairman, as Simon Johnson proposed? Doesn't it give you pause that you and Bernie Sanders voted the same way on this confirmation? At least Sanders was voting out of conviction rather than misdirected partisanship.

Bernanke is one of the foremost scholars on financial crises and how to get out of them, and he's performed as well as could be expected under the circumstances since Sept., 2008. Regardless of what led to the situation we're now in, he's the right guy for the job right now, and I'm very happy he was reconfirmed.


Strange Bedfellows
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