Thursday, January 28, 2010

Bernanke rallies more Senate votes for confirmation

Bernanke rallies more Senate votes for confirmation; The Washington Post

Ben S. Bernanke's confirmation for a second term as Federal Reserve chairman appeared to be back on track Monday, as more senators indicated that they will support him when a vote is held in the days ahead.

His confirmation was thrown into question late last week when several key senators balked at giving Bernanke four more years as the nation's top economic policymaker. The uncertainty offered a glimpse of the political pressure cooker in which the Fed would probably operate in the months ahead, analysts said.

On Monday, Sens. Max Baucus (D-Mont.), Joseph I. Lieberman (I-Conn.) and Lindsey O. Graham (R-S.C.) said they would vote to confirm Bernanke for a second term. Sen. John McCain (R-Ariz.) said he would vote against confirmation. Senate leaders plan the vote for this week, though it had not been scheduled as of Monday afternoon. Senate Majority Whip Richard J. Durbin (D-Ill.) told reporters that Bernanke pledged "transparency and accountability" around Fed decisions in the American International Group bailout.

: There is little concern for the economy in the senate, only concern for their circles.

Write your Senator and tell them to dump Bernanke, and yes, begin the criminal investigation.

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