Robert Kuttner: The Case Against Bernanke
Posted in Main Blog (All Posts) on January 11th, 2010 5:46 am by HL
Robert Kuttner: The Case Against Bernanke
I have argued that Democratic legislators ought to hold their noses and vote for a badly flawed health bill. To kill the bill would hand a huge victory to the Republican right. But the Bernanke re-nomination is another story. It is not a signature, make-or-break initiative of the administration. Bernanke’s defeat would be a repudiation of President Obama’s close alliance with Wall Street — but it would be extremely salutary for him and for us. It might even get the president’s attention for the proposition that his presidency and America’s economic future depend on an entirely different strategy of economic recovery.
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