I was startled this morning when I heard Harry Reid and Russ Feingold pull their support suddenly from underneath Federal Reserve Chairman Ben Bernanke. While this is an election year and the Democrats are smarting over their dramatic loss in Massachusetts, the new populist fever running amuck over banking policies further jeopardizes the national economy. As we have seen over the last three days, if there is an unsettling turn-over at the Fed the markets will respond negatively.
I am not pleased for what I can only surmise is pure politics when those up for election this fall step in front of the Bernanke. I cannot imagine that this too will backfire and Democrats will be badly beaten in November.
Comments
Jimbo
January 23, 2010
Barry Hussein plays Karl Marx and hello Dow 8000.
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