Dick Durbin voted to cut Social Security by 22%. Remember what Obama said?

[dawg]

84. Loaning money to financial institutions is part of what the Fed is supposed to do.

No doubt, the low interest rates are a bonanza for Wall Street. But imagine how much worse things would be if businesses that needed to borrow had no access or cash (or were forced to pay a much higher rate).

Every single Fed chief ever could be accused of lending to his "buddies" on Wall Street. That is part of the job.

As for convincing Timmy Geithner to anything, that is the President's job. Bernanke has repeatedly called on Congress and the Administration to pursue a more accomodative fiscal policy. He is largely ignored.

Bernanke is a former colleague of Paul Krugman's from Princeton University. The two men have their disagreements, but Krugman still speaks of Bernanke with much respect.

Much of what "experts" say about printing money, loans that will never be repaid, and debasement of the currency, is actually an uninformed pile of malarkey.

Rick Perry made veiled death threats against Ben Bernanke during the primaries, saying he'd better watch out if he ever came to Texas. The Republicans hate him (even though he is one).

I think he is a good man who has been very misunderstood by people on both sides. Yes, I would have done some things differently, but I'm giving him a B plus as Fed Chief. (Compared to the President's C plus and Congress' F minus minus.)