Federal Reserve Chairman Endorses Obama

[Chicken Little]

And the WSJ editorial board is none to happy about it:

quote: Bernanke Endorses Obama
There was a time when Fed chairmen feared to even seem political...

http://online.wsj.com/article/SB122455027730552509.html

[nathanm]

quote:Originally posted by Chicken Little

And the WSJ editorial board is none to happy about it:

quote: Bernanke Endorses Obama
There was a time when Fed chairmen feared to even seem political...

http://online.wsj.com/article/SB122455027730552509.html

I don't think that article means quite what you think it means.

Yesterday, he was saying how we need more stimulus. He didn't endorse any particular stimulus plan or any particular party or candidate.

[Chicken Little]

quote:Originally posted by nathanm

quote:Originally posted by Chicken Little

And the WSJ editorial board is none to happy about it:

quote: Bernanke Endorses Obama
There was a time when Fed chairmen feared to even seem political...

http://online.wsj.com/article/SB122455027730552509.html

I don't think that article means quite what you think it means.

Yesterday, he was saying how we need more stimulus. He didn't endorse any particular stimulus plan or any particular party or candidate.

No, I get it.  Bernacke endorsed the latest $300 billion Democratic stimulus package, which the arch-conservative WSJ editorial board thinks is a political move and equates to an endorsement of Obama.

quote:He might also have thought twice about endorsing one party's policy preferences a mere two weeks before Election Day...

I also recognize the irony.  We've been hearing for two months about the need for "quick and decisive action" to avert this sh*tstorm or that, AIG, the bank rescue, etc.  Now, it's politically expedient to put off decisions until after the election...whatever.