I have a lot of respect for Federal Reserve Chairman Ben Bernanke," Boxer said in a statement. "When the financial crisis hit in late 2008, he took some important steps to prevent what many economists believe could have been an even greater economic catastrophe.
"However, it is time for a change -- it is time for Main Street to have a champion at the Fed. Dr. Bernanke played a lead role in crafting the Bush administration's economic policies, which led to the current economic crisis. Our next Federal Reserve Chairman must represent a clean break from the failed policies of the past."
See Babs, the thing is that the population voted in change over a year ago. What the Democrats did was not change but continue the policies of the previous administration times 3. In the process the economy has gotten worse, the middle class is still earning less, unemployment keeps rising and yet, yet the folks who cheated the worst on Wall Street also happen to be paying out massive bonuses financed by the taxpayer.
But the real point of contention I have with your statement is your suggestion that the Fed played a "lead role" in crafting the Bush administrations policies. See the Fed is supposed to be non-political. It is supposed to provide monetary policy outside the political machinary so that it is not influenced by the machinary. Or so goes the theory. To suggest the Fed and Bush were somehow working together on monetary policy means that the mandate of the Fed has been violated. If you believe Bush influenced the Fed then the Fed needs to be dissolved and the country's monetary policy needs to be returned to where the Constitution mandates it reside, with Congress. If Bush can influence a mafia syndicate of banks then so too can you.
The Fed is an illegal organization that's purpose is to control and steal wealth from the masses. I'm thrilled you are voting against Bernanke but horrified at your reasoning and lack of understanding.
I wish you swift and complete defeat in November.
Clever video of Babs and Jack.