President Obama stepped away from vacationing to appoint Federal Reserve Chairman Ben Bernanke to a second term. The Federal Reserve Board, under Bernanke’s leadership, “has helped put the brakes on our economic freefall,” Obama said at Martha’s Vineyard.
“We are a long way away from completely healthy financial systems and a full economic recovery,” Obama said. “And I will not let up until those Americans who are looking for jobs can find them; until qualified businesses, large and small, who need capital to grow can find loans at a rate they can afford; and until all responsible mortgage-holders can stay in their homes. That’s why we need Ben Bernanke to continue the work he’s doing.”
The Senate will have to vote on and confirm Bernanke.
Comments (6)
heavenman
26 August 2009 at 02:27 EDT
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Money is blood of capitalism.
If stream of blood is good, man is healthy.
Also, If stream of money is good, economy is good.
The brain supplies blood on the body.
Only, The heart(= Banks) must obey a command of a brain(= President).
The heart(= Banks) must not obey a command of parasites
The Brain of America is the President of America.
All Banks of America must become nationalization.
This is the first way that saving economy of America.
and….
About now international economic panics.
This is arteriosclerosis of money.
Vermin of economy prevent the stream of economy.
Money is same as blood of the person body.
A healthy person is a person blood reaching until unit cells.
A leader shall supply money to majority people.
The 21st century is the national field where the subject of a market is just a consumer.
The banks shall become nationalization.
A leader abolishes non-full-time job. etc…
Money is a tool of a life, but money isn’t a purpose of a life.
Money keeps that the nation which a purpose of a life becomes enters it to an expressway of ruin.
Latigo-Lapoti
Location: Gulu Uganda
26 August 2009 at 14:35 EDT
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Reappointment of Federal Reserve Chairman Ben Bernanke to a second term proves that President Obama cares for the people and would like to America’s economy that is fitting for world economic leadership
Ravinder Kumar
27 August 2009 at 23:39 EDT
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Obama reappoints Ben Bernanke to Federal Reserve chairmanship
— By Michelle Austein Brooks, 25 August 2009
Experts on economy are assets to catch money as thief that steals over and that is where minds are seen uniting as brain to call the required expert for it – thanks to Obama’s flexibility in calling spade a spade.
Mike Hung
Location: New York
28 August 2009 at 10:43 EDT
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Interesting. He reappoints someone who thought sub-prime was contained and that we’d have fully employment as of late 2007, just before the recession officially started.
Doesn’t seem like change you can believe in, just more of preserving the status quo.
I hope the moderators won’t block this comment as both sides of the story should be told.
-Mike
zuhair qadir
Location: pakistan
29 August 2009 at 00:04 EDT
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the reappointment of ben Bernenky is a good initiative by president Obama.
Prof.Moses Isaac ODHIAMBO
Location: HUNGARY -BUDAPEST
2 September 2009 at 04:53 EDT
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The Re-appointment of Federal Reserve Chairman Ben Bernanke to second term of office shows that President Obama is legally daring practical bipartisan beyond party-affairs and cares for the stability of the American economy in using a model fitting World economic LEADERSHIP.
The dynamic political change is being realized statewise in USA and in the World as whole since President Obama political tenure track started.After the elections coming to the Oval Office needs the President to be a thorough-ado energetic practical guy and to be emolumentative to those who served nicely in the former Bush era irrespective of the parties they come from. And exactly that is what Obama has done in the nomination of the FED Head to stabilize the dollar and save the economy which was already in recessional chaos. Here it is both static and magnitudinal political change in USA which is conducive to the monetary issues in current economic statistic prognosis World-wide. It has just been felt in the Wall-street that the dollar rate has just improved. It had reached the point of not experimenting FED Head with new professionals at the time of economic recession crisis and that is why OBAMA did this excellent job to nominate him against the wish of many in his party. But it has been US people wit and WISDOM to have a DYNAMIC POLITICAL CHANGE by nominating the hispanic lady JUSTICE TO HIGH OFFICE. As dynamic political change prevails we hope again the CONGRESS will keep the LEGACY OF KENNEDY ON HEALTH-CARE and to honour his work and what he stood for MANKIND in the US SENATE. The CONGRESS should let the vote SAIL THROUGH for sustainable development. If Netherlands realized from her past Human Right mistakes experience to make A PERFECT HEALTH-CARE FOR MANKIND, WHAT ABOUT USA after the August Congress holiday.
-Prof.Moses Isaac ODHIAMBO