BERNANKE

The following is a post I wrote in November 2005.

Federal Reserve Chairman Bernanke
It would appear that Ben Bernanke is on course for easy confirmation as Chairman of the Federal Reserve, replacing Alan Greenspan.

There can be no doubt of Dr.Bernanke's academic qualifications. However, his political and economic background as viewed in light of his time in the White House raises questions in my mind. As economic advisor to Bush, he was deeply involved in the ruinous economic and tax policy decisions that have diminished the middle class, created economic malaise, wiped out the surplus left by the previous administration and ballooned the National Debt.

In the best of all worlds, the job would be strictly non-partisan, and maybe the most qualified person would rise to the top. Many think, including me, that Robert Rubin would be the logical choice. Rubin was former head of Goldman-Sachs, and a consummate Wall Street professional. His economic and monetary qualifications are without question. Many commentators have said that Rubin was the best Secretary of the Treasury since Alexander Hamilton.

If Dr. Bernanke is unable to rise above his White House days, we may be in for serious trouble.

The link is to the National Debt clock. You should worry about this.
http://www.usdebtclock.org/