Bush to name Greenspan replacement at 1:00 pm

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RightIsWrong

Diamond Member
Apr 29, 2005
5,649
0
0
Originally posted by: Whoozyerdaddy


WSJ: President Bush to name Ben Bernanke, the current chairman of the Council of Economic Advisers, to succeed Alan Greenspan as chairman of the Federal Reserve... Developing...
Per Drudge...

Link to bio


Reading his bio....I'm thinking that Bush might have made a pretty wise choice here. Seems to have the education, experience and the ability to do the job well.

Here's to hoping that impression is correct. :beer:
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
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Originally posted by: RightIsWrong
Originally posted by: Whoozyerdaddy


WSJ: President Bush to name Ben Bernanke, the current chairman of the Council of Economic Advisers, to succeed Alan Greenspan as chairman of the Federal Reserve... Developing...
Per Drudge...

Link to bio


Reading his bio....I'm thinking that Bush might have made a pretty wise choice here. Seems to have the education, experience and the ability to do the job well.

Here's to hoping that impression is correct. :beer:

I really don't have much knowledge of this person, but reading his resume makes me think he might be a good choice.

See Georgie Boy, that wasn't so hard, was it? At least you didn't pick Paul Wolfowitz or somebody like that.

 

RightIsWrong

Diamond Member
Apr 29, 2005
5,649
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All the more reason to like him.....he actually seems to have thoughts that don't lock-step with Bush!

Whole article

The Scary Side of Ben Bernanke
Bush should look elsewhere when Greenspan steps down.

.......

Bernanke recently weighed in with his opinions on the economy in the Journal, and while he lauded tax cuts, free trade, and legal reform, a supply-sider he is not. His views on how tax cuts impact the economy, his odd interest in demand charts, and not to mention his discredited beliefs about ?limits? to growth and ?full? employment, should have Bush supporters concerned.

About taxes, Bernanke spoke of ?fiscal stimulus? that has diminished ?in the past few quarters.? Bernanke is clearly in the Keynesian camp on taxes, holding that they should be reduced during times of slack demand and increased when economic growth reaches its natural ?limits.? While Keynesians see tax cuts through a demand-driven, short-term stimulus prism in which their impact gradually recedes, supply-siders encourage marginal rate cuts for their long-term (and continuous) incentive effects on economic activity. The distinction between the two schools of thought is crucial, particularly given the growing influence of the Fed on Capitol Hill.

Moving to the economic impact of demand, Bernanke asked how much demand in the latest quarter ?appears to have been satisfied out of inventories rather than from new production.? But supply-siders don?t even consider this ? they don?t because they know that products are ultimately bought with other products. ?Demand? will always exist, as human wants are unlimited. But what Bernanke deems ?demand? is in fact producers offering up their surpluses for those of others. In the supply-side model, what Bernanke sees as a fall in aggregate demand is in fact a fall in production ? something supply-siders agree results from governmental meddling along the lines of excessive taxation, regulation, and unstable money.
 

cKGunslinger

Lifer
Nov 29, 1999
16,408
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Originally posted by: BDawg
I wonder how many feet from his office this search encompassed?

I bet the replacement is Barney the dog.

"He's the most qualified person I could find (without leaving my chair)."
Originally posted by: Ferocious
He'll probably pick his personal accountant.
If Bush does nominate this guy, I'll buy you guys some ketchup for that crow:

Dr. Bernanke was born on December 13, 1953, in Augusta, Georgia. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.

Before becoming a member of the Board, Dr. Bernanke was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University (1996-2002). Dr. Bernanke had served as a Professor of Economics and Public Affairs at Princeton since 1985.

Admittedly, betting against Bush is rarely a risky proposition, but at some point it does stray from pragmatism into the realm of partisan tripe.
 

Strk

Lifer
Nov 23, 2003
10,197
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Maybe because the job description is so ridiculously long, but I find this amusing:

Before becoming a member of the Board, Dr. Bernanke was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University

He does sound good from that bio though.
 

RightIsWrong

Diamond Member
Apr 29, 2005
5,649
0
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Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here.

Do you really not understand the concept of sarcasm?

Do you think for a moment if this appointment wouldn't impact HIS financial well-being for the next decade and beyond he would have taken it as seriously? I seriously doubt that he would have. It would have been another long time personal friend of his or someone else from his dad's administration that is taking a break from Carlyle.
 

Strk

Lifer
Nov 23, 2003
10,197
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Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

<Looks at the above statements>

<Looks at Zendari's sig and also remembers people like Michael Brown and General Myers' niece>
 
Feb 10, 2000
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Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

Yeah, he really "pwned" us by picking the failed head of the American Arabian Horse Association to run FEMA! That was an outstanding pick.
 

halik

Lifer
Oct 10, 2000
25,696
1
81
Originally posted by: Whoozyerdaddy


WSJ: President Bush to name Ben Bernanke, the current chairman of the Council of Economic Advisers, to succeed Alan Greenspan as chairman of the Federal Reserve... Developing...
Per Drudge...

Link to bio

He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.

nuff said
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: DonVito
Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

Yeah, he really "pwned" us by picking the failed head of the American Arabian Horse Association to run FEMA! That was an outstanding pick.

Brown was good enough for the Democrats in the senate.
 

RightIsWrong

Diamond Member
Apr 29, 2005
5,649
0
0
Originally posted by: zendari
Originally posted by: DonVito
Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

Yeah, he really "pwned" us by picking the failed head of the American Arabian Horse Association to run FEMA! That was an outstanding pick.

Brown was good enough for the Democrats in the senate.

See what taking Bush's word at face value gets ya?
 

imported_tss4

Golden Member
Jun 30, 2004
1,607
0
0
Originally posted by: zendari
Originally posted by: DonVito
Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

Yeah, he really "pwned" us by picking the failed head of the American Arabian Horse Association to run FEMA! That was an outstanding pick.

Brown was good enough for the Democrats in the senate.

which absolves bush of the blame for appointing him? Seems like some odd logic to me.

But, back to topic, this pick seems very good. Not only does this guy sound accomplished and smart, but his worth ethic sounds great.
 
Feb 10, 2000
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Originally posted by: zendari

Brown was good enough for the Democrats in the senate.

Actually, if memory serves only a handful of senators from either party showed up for his confirmation hearings, and they took all of 40 minutes. This is indeed disappointing, but then they were primarily guilty of taking the President's word for the fact that Brown was qualified, and for believing the lies in his resume.

That, of course, has nothing at all to do with whether he was a good pick in the first place, as you have said he was. Your transparent effort at misdirection does nothing to change the nature of the question at hand - do you think Brownie was a good pick, as you have previously stated?
 

Tab

Lifer
Sep 15, 2002
12,145
0
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Originally posted by: DonVito
Originally posted by: zendari
He'll probably pick his personal accountant.

Looks like Bush pwned all the liberals here. Other than Miers he has a good record with appointments.

Yeah, he really "pwned" us by picking the failed head of the American Arabian Horse Association to run FEMA! That was an outstanding pick.

Wait, not only was Brown the head of American Arabian Horse Association; he failed with that job as well?
 

judasmachine

Diamond Member
Sep 15, 2002
8,515
3
81
Originally posted by: Pabster
Originally posted by: DonVito
You wouldn't be "picky" in selecting one of the most important officials in the United States? I would. I'd be very, very picky indeed.

Of course I would. My point was that so many here offer up comments as if to suggest they have any experience with Economics and are qualified. I'm not sure why the left hates Greenspan so much -- after all, he presided over the "great" Clinton economic times. Either way, he'll be gone now.


My comment in no way inferred I knew squat about economics. All I was suggesting is that he hire one of Greenspan's cronys, instead of one of his own. I figure Greenspan has a protoge somewhere that is at least as good as the teacher.
 

zendari

Banned
May 27, 2005
6,558
0
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Originally posted by: DonVito
Originally posted by: zendari

Brown was good enough for the Democrats in the senate.

That, of course, has nothing at all to do with whether he was a good pick in the first place, as you have said he was. Your transparent effort at misdirection does nothing to change the nature of the question at hand - do you think Brownie was a good pick, as you have previously stated?

In hindsight, clearly not. Of course nobody said anything about him for 2 years so he must have been doing an OK job.

Shared power between the executive and the senate merits shared responbility, or in this case, shared blame if thats what you want to do.
 

imported_tss4

Golden Member
Jun 30, 2004
1,607
0
0
Originally posted by: Pabster
Originally posted by: DonVito
You wouldn't be "picky" in selecting one of the most important officials in the United States? I would. I'd be very, very picky indeed.

Of course I would. My point was that so many here offer up comments as if to suggest they have any experience with Economics and are qualified. I'm not sure why the left hates Greenspan so much -- after all, he presided over the "great" Clinton economic times. Either way, he'll be gone now.

What are you talking about. The left doesn't hate Greenspan. He's highly respected across political lines.
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
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Originally posted by: zendari
Originally posted by: DonVito
Originally posted by: zendari

Brown was good enough for the Democrats in the senate.

That, of course, has nothing at all to do with whether he was a good pick in the first place, as you have said he was. Your transparent effort at misdirection does nothing to change the nature of the question at hand - do you think Brownie was a good pick, as you have previously stated?

In hindsight, clearly not. Of course nobody said anything about him for 2 years so he must have been doing an OK job.

Shared power between the executive and the senate merits shared responbility, or in this case, shared blame.

Share blame when things go wrong for Republicans, but horded credit for when you think thing go right. Nice double standard there.
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: Darkhawk28
Originally posted by: zendari
Originally posted by: DonVito
Originally posted by: zendari

Brown was good enough for the Democrats in the senate.

That, of course, has nothing at all to do with whether he was a good pick in the first place, as you have said he was. Your transparent effort at misdirection does nothing to change the nature of the question at hand - do you think Brownie was a good pick, as you have previously stated?

In hindsight, clearly not. Of course nobody said anything about him for 2 years so he must have been doing an OK job.

Shared power between the executive and the senate merits shared responbility, or in this case, shared blame.

Share blame when things go wrong for Republicans, but horded credit for when you think thing go right. Nice double standard there.

That's exactly what liberals do when pointing at "Bush's war" or "Bush's taxcut" or "Bush's Patriot Act" without mentioning all the Democrats involved in them.
 

Pabster

Lifer
Apr 15, 2001
16,986
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Originally posted by: Darkhawk28
Share blame when things go wrong for Republicans, but horded credit for when you think thing go right. Nice double standard there.

Last I knew that was standard political procedure, regardless of the level of government or the political persuasion of those involved.

 

judasmachine

Diamond Member
Sep 15, 2002
8,515
3
81
Originally posted by: Pabster
Originally posted by: Darkhawk28
Share blame when things go wrong for Republicans, but horded credit for when you think thing go right. Nice double standard there.

Last I knew that was standard political procedure, regardless of the level of government or the political persuasion of those involved.


Pabster actually has a point here.
 

Darkhawk28

Diamond Member
Dec 22, 2000
6,759
0
0
Originally posted by: zendari
Originally posted by: Darkhawk28
Originally posted by: zendari
Originally posted by: DonVito
Originally posted by: zendari

Brown was good enough for the Democrats in the senate.

That, of course, has nothing at all to do with whether he was a good pick in the first place, as you have said he was. Your transparent effort at misdirection does nothing to change the nature of the question at hand - do you think Brownie was a good pick, as you have previously stated?

In hindsight, clearly not. Of course nobody said anything about him for 2 years so he must have been doing an OK job.

Shared power between the executive and the senate merits shared responbility, or in this case, shared blame.

Share blame when things go wrong for Republicans, but horded credit for when you think thing go right. Nice double standard there.

That's exactly what liberals do when pointing at "Bush's war" or "Bush's taxcut" or "Bush's Patriot Act" without mentioning all the Democrats involved in them.

That right there is where you're wrong. I point at Schumer and Clinton and the rest of the DLC a-holes and blame them too for the pervasiveness of fearmongering and warmongering.
 
Feb 10, 2000
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Originally posted by: Tab

Wait, not only was Brown the head of American Arabian Horse Association; he failed with that job as well?

Yep. He was allowed to resign, rather than being fired, but as part of doing so he had to contribute $25K of his own money toward their legal defense fund, because they had apparently accumulated sizable legal expenses as a result of his mismanagement.