Fed chief nominated - Bernanke to ensure stability?

[rrfield]

http://www.usatoday.com/money/economy/fed/2005-10-24-greenspan-successor_x.htm

Possibly more important to the country in the long term than any SC nomination. If this guy is half of what Greenspan was we will be alright.

 

[MrBishop]

This guy is more than that... he'll be a source for calmness for sure. Great background!

 

[HomeLAN]

Yeah, it's a pretty good call, from what I can see.

 

[unclehobart]

A pure academic with no experience in reality? ... hmm...

 

[HomeLAN]

That level of mucking about with the economy has very little association with what you'd consider reality. It has a reality of its own. His background is actually pretty well suited to this.

 

[unclehobart]

Then it remains to be seen wether he is his own man or someones lapdog.

 

[rrfield]

I'd rather someone be Greenspan's lapdog than his own man, to be honest.

 

[Gonz]

From what I read, this guy is outstandingly qualified.

 

[rrfield]

Yep, Bush is 2 for 3 with big nominations lately. 66.7%, grade of D, close to his GPA in college!

 

[Gonz]

and yet it was still higher than John Kerrys