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Friday, January 22, 2010

Can't they do anything right?

Today's spate of announcements by both Democrat and Republican senators that they plan to vote against Ben Bernanke's reappointment as Fed chairman gives rise to the question as to whether or not the Obama White House can get anything done. How can it be that we are now just a few days before the end of Bernanke's term and there still has been no vote in the Senate on the appointment. Are the Obamacrats so caught up with healthcare that they cannot even arrange to get a critical appointment completed? Is is better to give speeches in Ohio about how Obama supports job growth or is it better to actually get confirmation of a man whose appointment is critical for continued economic stability in the US? Obviously Obama opts for the speech. Don't get me wrong, I am not saying that Bernanke himself is critical, although he did a good job once the financial meltdown started. Rather, I am sayting that a rejection of the Fed Chairman thus leaving open the position of Fed Chair will liikely lead to a massive sell off in the markets with the result that more and more people will be put out of work. Oh well, Obama can always give another speech. At least the teleprompter industry must be doing well. My guess is that Obama uses one made in China.

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