“Do you think that a 2nd term for Bernanke is the best move for the country?”
Bernanke's term is set to expire on January 31, 2010, however Obama has reappointed Bernanke for a second term. Is this the right move for the United States of America? Just leave a comment stating if you think a 2nd Bernanke term is the right move or not. Feel free to simply leave yes or no in the comment area of this post, or leave a detailed comment, but remember - no profanity or hate words. ONE-COMMENT PER PERSON OR YOU WILL BE REMOVED FROM THE CONTEST.
Prize (as seen in the picture)
Winner will receive...
MarketClub Hat, MarketClub Zip Drive & 1 Complimentary Month of MarketClub
*Shirt, nor Melissa is included in the gift pack.
How To Enter:
Comment on this post telling us your thoughts about Burnanke's reappointment. Add a little bit of commentary or opinion if you would like to... just keep it clean and remember that there is only one entry per person.
—
Rules
1. This contest is open until 11:59 PM (Eastern) on September 30th, 2009.
2. No wrong answers. Any participation counts as an entry.
3. One entry per email address.
4. Winner will be picked by random integer software.
5. Winner will be contacted on Thursday, October 1st, 2009 via email.
–
Good luck!
Bernanke means more of the same. The purpose of a recession is to get rid of the excesses. Government should stay out and let nature take its course.
Great Question! My solution would have been to give every tax paying American $200,000.00 with some stipulations. They must buy or own a car less than 4 years old and must pay off their mortgage. This would have our economy moving like never before. Also, he should not have bailed out the big guys. That money will never reach us. I went to dinner on my $300.00. WOW, fed me for a day? lol
Yes, give Bernanke the go again. He fully understand what is happening and Obama trusts him. If they do it wrong, they do it wrong together. Most of the stimulus has yet to be seen and the guy who put it there should be the guy in the hot seat if it doesn't work. However, I wish him luck and really hope he knows what he is doing. buy silver & gold...
I do not believe re-appointing Bernanke was a smart move. He has printed money into oblivion and will not stop. He is destroying the dollar quickly. But then again, I would expect nothing less from this President and left wing Congress.
Bernanke's writings show a strong focus on the use of defensive levers of power once malaise has attacked our economy. Definitely a strength in our recent past, but as we shift to the fuller impact of a global economy, his theories may be of limited value, or even derided by proponents of a different reserve currency. Honor him, make him Emeritus, but let him go. No second term.
Until I read this forum, I really didn't have the knowledge to have an opinion, now I can read everyone's comments and learn from everyone else
No! But, if the Fed owners want him there, he will be. The American people have no vote in the matter, ultimately.
Bernanke serves first the best interests of the Fed owners. He also serves the regulators--carefully, craftily, to the extent that owners' interests are secure.
Bernanke and Geittner were present in meetings when Wall Street scalawags made certain choices which had to be known as being to their benefit only--and at the risk of damaging the rest of us. In their presence, were they "just present" or are their fingerprints on those choices? I don't know. Geittner was head of the NY Fed at the time.
Mr. Lincoln might have been assassinated for the very reason that he expressed an interest--maybe even a plan--to nationalize our currency and money supply. I was privy to a paper written in the 1950's called "lightning Over the Treasury Building." I paid to read it. It was worth the price of admission.
He will dig out of recession and create a new bubble
“Do you think that a 2nd term for Bernanke is the best move for the country?” Definately not. We need someone who work for the people and not for the bankers.
Yes, I think he is the right man for the job.The way he has presented himself (calm), in the face of what he had to handle! He has shown me he has what it takes.
No,No,No.
No. He was a poor choice.
NO, Ben Bernanke was NOT a good choice. Bernanke has agressively resisted full Fed transparency at every opportunity! It it way past time for 100% Transparency regarding Federal Reserve Bank Governance being made open for full review by both the Congress and the people! Delaying this transparency only invites a significantly larger financial crisis sometime in the future!
Yes, he provides continuity to the Fed as this financial bubble unwinds. Also, deflation is our biggest problem at this phase of the crisis and his stimulus has helped to minimize its impact.
Yes I do think reappointing Ben Bernanke was the right decision.
Firstly, he seems to have the economic policy education and experience to give America a chance of emerging from this recession in a stronger economic position.
Secondly, his economic policy decisons seem to be having the desired affect as supported by the improved markets since March and there has been slowly if not improvement in poor fundamental numbers such as unemployment and housing starts.
Thirdly, my biggest critic of the Obama administration has been there insistence on focussing on so many issues and creating even more change in a time when they should be focussed on the most pressing issues such as the financial state of America and trying to ease the overall stress level in America. So I feel the reappointment of Bernanke is a decision that can provide some stabalizing influences to a very volitile situation.