Obama Tip: Ben Bernanke Gone in 2010 in Favor of Larry Summers?

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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.

les of WV 12:37AM December 19, 2008

"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.

jc of NV 2:20PM December 18, 2008

The Borgen Project has informative statistics on addressing global poverty.
$30 billion ends world hunger
$550 billion is the US Defense budget
This organization has the ability, resources, and policy-makers to suppress the threat of global poverty by enacting legislation here in the US, which is tied to the United Nation's Millennium Development Goals. Please support organizations such as The Borgen Project so that we may rid the world of poverty.

Abel Tsegga of WA 6:43PM December 17, 2008

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.

Ann Marie of IL 3:49PM December 17, 2008

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.

PSB of MD 3:05PM December 17, 2008