White House stands firm on Bernanke

AFP

The Fed Chief is in for a confirmation battle

The White House stood firm on the renomination of Ben Bernanke Monday,saying a second term for the Federal Reserve chief was vital to demonstrating stability in the US financial system.
“Chairman Bernanke helped the president and the economic team steer through some very turbulent times and rough waters,”White House spokesman Robert Gibbs said.

“I believe that it sends a signal to greater and overall stability to have his nomination approved without political games. And that’s what we expect will happen later this week.”

Bernanke’s nomination,which is yet to be put to a Senate vote,appeared in deep trouble on Friday,after several Democratic senators withdrew support for his nomination amid public fury over his role in the financial crisis.

But the White House launched an emergency bid to shore up the nomination and Senate Majority leader Harry Reid and other influential senators threw their support behind Bernanke.

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2 comments to White House stands firm on Bernanke

  • Georgia

    Helloooo,isn't this the main guy (besides Obama) who got us in this ridiculous mess of mega budget overload?? Why on earth would the senate confirm this crook. He's no better than Obama and Rahmbo. Seems he did their bidding and helped get us into the mess we are in. He's been catastrophic to our economy. Send him on his way,back to wherever he came from!!

  • Yes,he is. This guy needs to be kicked out. Our legislators are just as crooked as he is who vote for him. They'll be without a job soon in 2010.

    IMPEACH OBAMA IN 2010.
    http://www.impeachobamacampaign.com/

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