Awwww

Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke

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.

What a shame. I just can't believe that in this day an age an ostensible agent of government who feels it is his duty to look out for financial and banking giants at the expense of people, completely neglects the bolded large print declaration that the central bank is supposed to be committed to enacting polices that promote full employment, tilts at windmills and the imaginary dragons of inflation, presided over a disaster, did nothing to stop it or foresee it, and is unpopular with the American people, isn't finding much support in Congress.

As an added bonus, it seems that Geithner is on the outs as well. Hey, I guess better late than never. Sad that it has to take months and months of deeply unpopular toadying to the people who ruined the economy before someone speaks up and says "Maybe... this is a... bad... idea?" while someone else tentatively nods in agreement. Or as Matt Taibbi puts it "the government only starts listening to its voters once the more corrupt option turns out to be untenable."

So soon we might have a new head of the FED and, if Obama seems to be moving away from his ideas, a new head of the Treasury. Hah! Just kidding. Did you see the confirmation rate in the Senate for Presidential appointees? Even if he dumps the both of them, it'll be years before both positions were filled. I'm not sure if those would be bad things at this point, but that's where we are. That is unless Senate Democrats are able to muster some sort of unified and bipartisan support for something supported by the President. LOLersaktes!

So sorry Ben. Bitches will eventually know about your rate cuts and we all appreciate your rocket cycle heroics, but we just can't let you run things anymore. I guess it's back to Princeton to boss around Krugman. That might be as fun as swimming in the Fed's money vault. Fare thee well.