Bush to name Greenspan replacement at 1:00 pm

[Engineer]

Originally posted by: tss4

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.

That's what I was thinking. Hell, Republicans such as Forbes have give him far more hell than any Democrat that I've seen...

Just another attempt by the Bush fan club to apologize and smear before the name is thrown out...lol! :laugh:

 

[Engineer]

Bush picks Bernanke

Based on experience and positions, looks OK so far.

WASHINGTON - President Bush on Monday selected Ben Bernanke, chairman of the president's Council of Economic Advisers, to replace Alan Greenspan as Fed chairman, according to an administration official.

The official spoke on condition of anonymity because the nomination had not yet been announced. An announcement was expected at 1 p.m. EDT.

Greenspan, who took over in August, 1987, wraps up his term as chairman Jan. 31.

Asked about the appointment, Bush said, "We'll be making an announcement soon."

Bernanke, 51, is a former member of the Fed board. He also was a professor at Princeton University and chairman of the economics department.

There had been widespread speculation that Bush might act as early as this month to give the Senate time to act on the nomination before Greenspan's term expired.

However, announcing Greenspan's successor also provided a diversion for a White House reeling under congressional criticism of the Harriet Miers' Supreme Court nomination and a federal investigation into whether top officials leaked the name of a CIA operative for political purposes.

 

[OrByte]

after the Mier crapola fiasco I have no doubt this latest nomination is going to be all Aces for this administration.

Too bad this administration has SOO MANY pivotal positions to fill for our government.

 

[CaptnKirk]

Ben Bernanke looks OK, at least he didn't resort to his friend 'Kenny Boy' Lay . . .

 

[zendari]

Originally posted by: Darkhawk28

Originally posted by: zendari

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.

In this thread you referred to a "Bush taxcut". Hmmmmm.

Shouldn't that be a Bush/Schumer/Clinton/rest of DLC a-hole taxcut? :laugh:

 

[BoberFett]

This actually scares me more than any Supreme Court appointment. At least on the SC, there are 9 justices. This is one person who can have a huge affect on the economy. I don't trust anybody that Bush would pick for this position. This worries me.

 

[Engineer]

Originally posted by: BoberFett
This actually scares me more than any Supreme Court appointment. At least on the SC, there are 9 justices. This is one person who can have a huge affect on the economy. I don't trust anybody that Bush would pick for this position. This worries me.

It was commented on CNBC (yesterday) that Wall Street was pretty happy with the pick. Seems to be well qualified such as being a former Fed Governor, etc. Might be one of the better picks Bush has picked. Is he another Greenspan? Only time will tell.

 

[judasmachine]

after listening to NPRs coverage of this issue, i'm pleased with the pick. i hope he does as least as well as his predecessor. although i'm going to miss greenspan's mouthiness. this new guy doesn't appear to be near as vocal. however they say he does wish for central banking to be more transparent, and hopes to explain to the rest of us what exactly it is that they do.

oh and i'm happy to eat my previous words on cronyism.

 

[Pabster]

Stocks were up. Dow almost 170. Lower oil, and a new, credible Fed Chief. Looking good. :thumbsup:

 

[Engineer]

Originally posted by: Pabster
Stocks were up. Dow almost 170. Lower oil, and a new, credible Fed Chief. Looking good. :thumbsup:

Yep. Another 200 points and we'll be back to where we were when Bush took office...in 2001

How do you fsck up a market for 5 years? You place a big "W" in the middle of it! :laugh:

 

[Pabster]

Yep, we all know Bush controls the stock market.

 

[Engineer]

Originally posted by: Pabster
Yep, we all know Bush controls the stock market.

Apparantely you too dense to notice the big "W" shape in the middle of the last 5 years market, eh?

Regardless, you guys have touted the great recession bounce for nearly 4 years now yet the market doesn't seem to think so. Too much uncertainty from stupidity of choice of wars and other policy to feel comfortable to run the market to higher levels.

 

[MicroChrome]

Well, bush will pick anyone with a big smile and not tell anyone that we are in deep. I know green span has warned us a few times that if we keep going the way we are going the country will be in jeopardy but I am sure the bush admin has warned him to keep quiet and go with flow? Just shut up and pretend everything is hunky dory for another 3 years and you'll get an A-OK!

Yeah, anyone will look good that bush would pick it's really hard to stoop down to his level. I mean how could you possibly fvck it up more then he has done?


Hopefully we can get someone in that will stand up with a backbone but you risk getting fired...