HolyCoast: Time Magazine's Man of the Year May Need a New Job
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Friday, January 22, 2010

Time Magazine's Man of the Year May Need a New Job

How the mighty have fallen. Just a month or so after being declared "Man of the Year" by Time Magazine, Ben Bernanke may be looking for a new job:
Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.

Bernanke's term expires on Jan. 31.

The White House did not respond to many requests for comment.

"The American people are disgusted with the greed and recklessness of Wall Street," Sen. Bernie Sanders, I-Vt., said in an interview with The Associated Press last month. "People are asking, 'Why didn't the Fed intervene at the appropriate time to stop the casino-type activities of large financial companies?'"

Sanders, Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote.

Voter anger is of heightened concern to members of Congress given the surprise victory of Sen.-elect Scott Brown, R-Mass., who rode a tide of voter discontent and economic anxiety to an upset victory in a special election earlier this week.
I don't think people are as mad at the banks as the Democrats and Socialists think they are, but it is interesting how the Massachusetts election seems to be coloring everything in Washington these days.

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