Insiders: Bernanke Pick a Sign of Obama's Weakness

Some say Obama was too weakened by the healthcare debate to choose his own Fed chief.

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By Paul Bedard, Washington Whispers

While reappointing Federal Reserve chief Ben Bernanke seemed like an obvious move to many in Washington's political and financial establishment, to others it was a sign of political weakness for President Obama. The reason: If Obama were still at the top of his game, he might have nominated brainy but abrasive aide Larry Summers. Insiders say that Bernanke, a Bush pick, is too independent. Plus, Obama would like his own Fed chief but has been too politically weakened by the healthcare debate to fight for Summers.

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