Obama Tip: Ben Bernanke Gone in 2010 in Favor of Larry Summers?
Reader Comments
Recycle bubble economy proponents
Summers was head of the treasury during the Internet Bubble in Bubble 1. So it appears the current plan is for the US Government to be Bubble 3.0.
where is the money?
"for moving aggressively to reverse the credit crunch and recession."
Even though he will not show us exactly WHERE all that money has gone.
I want to know why in the hell Congress did not have the good sense to put some rules in place before giving this clown access to all that money.
BEFORE he is replaced, we need to know where the money went.
Ending World Poverty
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$550 billion is the US Defense budget
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Ben Bernanke
The only people happy with Bernanke and Paulson are the Wall Street Robber Barons who were given billions of dollars during the Bailout of Wall Street with no strings attached, no questions asked, no demands that the educated asses heading the Wall Street disasters leave the company without any compensation. On the contrary, Wall Street took the $400 billion dollars and spent hundreds of thousands on luxury spas, expensive dinners and millions on bonuses for the CEOs and executives while Main Street America went down the drain. I can't wait until Paulson and Bernanke leave so they can audit the records and see how and where the bailout funds were spent. As of now, neither Paulson or Bernanke have remembered the "transparency" promised, there has been no accountability for funds spent, absolutely no demands made of Wall Street. Why?
Yet, the Republicans and a few Democrats have established an effective filibuster to block the $14 billion auto bailout bill. Without this bill to help the U.S. auto industry millions of American jobs, including ten of thousands in Wisconsin, will be lost. We cannot afford in these tough times, to allow the American auto industry to go down the drain taking millions of American jobs with it. Unfortunately, neither Paulson or Bernanke or the Republicans see it that way they prefer to save foreign investors while the nation goes down the drain. I hope the voters remember that come the next election.
Bernanke needs to be removed
Bernanke is as inept as Paulson. He was actually surprised by the depth and severity of this recession, while most people, including school children saw this coming over four years ago. It makes me wonder what they really do all day.
Summers
A very wise choice on the part of Obama. (He is clean shaved too)!
