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The Twittering of Ben Bernanke
Minute-by-minute, behind-the-scenes updates from the busy Federal Reserve chairman, live to your iPhone. Talk about your new, new media
Andrew Leonard [2008-03-13]

  • Don't change horses, period

    It may seem presumptious, but I predict that Bernanke will serve a long term as Fed chairman, only because the desire to turn over leadership is at a low. There is an article today calling McCain the third term of Bush. Hell, let Bush run and I guarantee you he will get more votes.

    What is the point? Once you get there, no one wants to get rid of you? The only decent replacements are your children or your spouse? Being born is half the battle?

    What is with this new aristocracy? As long as Bernanke isnt' client 1 through 8 he will serve a long time, just about as long as you have to stand in a soup line when the economy crashes. If today's world was in place in the 1930's Hoover would have served three terms. Mistakes? Who cares, don't change horses, period.

    I know you're thinking, what about Obama? Well, he ain't in the White House yet, and the worse things get, the more his change message will send the voters into apoplexy.

    -- aveutter
    [Read aveutter's other letters]
    Thursday, March 13, 2008 08:46 PM
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