Federal Reserve Chairman Ben Bernanke won Senate confirmation for a second term, ending a bruising political battle that forced the head the world’s most powerful central bank to fight for survival.
Bernanke’s nomination was approved 70-30 by the Senate after clearling a procedural roadblock with a 77-23 vote. A simple majority of 51 votes in the 100-person chamber was needed for approval.
Well shucks, besides my disappointment that the “Bernanke saved us all” messaging was good enough for government work, his reconfirmation apparently blows a hole in my recent conspiracy theory. I had guessed that the last-minute upset was the way to get the architect of a dollar collapse safely out of power, so that the resulting inflation wouldn’t be the fault of the sitting Fed chair.
Isn’t it perfectly obvious what happened? The shadowy bankers read my last post, then told key senators to switch their votes in order to discredit me.
These guys are good. I had no idea what we were up against.