A down goes the ship.....
"Bernanke to be nominated for 2d Fed term; Chairman to join Obama on Vineyard" by Julianna Goldman and Michael McKee, Bloomberg News | August 25, 2009
WASHINGTON - Federal Reserve chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst economic slump since the 1930s, will be nominated to a second term by President Obama, said David Axelrod, Obama’s senior adviser....
And I'm not kidding you; this was edited out in the update:
Obama admired Bernanke's leadership during the financial crisis and felt that he is still needed at the helm of the central bank as the economy recovers, said [Axelrod].
They left this in:
The Fed chief faces threats to the central bank’s independence from members of Congress....
The use of the word "threats" to describe what is Congress' lawful and constitutional duty tips the newspaper's hand and exposes for whom it really works.
--more--"
I thought we were getting change.
