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Thread: Senate confirms Bernanke for second term as Fed chief, 70 to 30

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    Senate confirms Bernanke for second term as Fed chief, 70 to 30

    Ben Bernanke today won a second term as chairman of the Federal Reserve.

    In a debate that was more about popular anger over the economy and government bailouts than about Bernanke’s technical qualifications, the Senate voted 70-30 to confirm Bernanke.

    Earlier, the Senate had voted 77-23 on the cloture motion that assured the confirmation. That motion required 60 votes to pass.

    Senate confirms Bernanke for second term as Fed chief, 70 to 30 | D.C. Now | Los Angeles Times

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    Re: Senate confirms Bernanke for second term as Fed chief, 70 to 30

    I don't know if that's a good thing or not.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Senate confirms Bernanke for second term as Fed chief, 70 to 30

    The problem with the Fed is not who's in charge. The problem is that it exists at all.

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    Re: Senate confirms Bernanke for second term as Fed chief, 70 to 30

    Quote Originally Posted by Councilman View Post
    The problem with the Fed is not who's in charge. The problem is that it exists at all.
    Yeah good one

    Research economy stability prior to WWII (when macro economic policy was first introduced into the American spectrum).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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