Ben Bernanke’s nomination as fed chairman is not unexpected — his name had been circulating for the last few weeks. The New York Times offered reluctant praise in an editorial earlier this month:
Mr. Bernanke is deeply conservative, economists say, but respected for independent thinking and not inclined to wear that conservatism on his sleeve.
So surely they’ll endorse Bernanke in tomorrow’s editorials? And Daniel Gross regarded Bernanke as an enigmatic favorite in a nomination preview:
Bernanke doesn’t have much of a public record when it comes to deficits, and he’s a latecomer to the Bush White House.
The Times also featured Bernanke in June. The article isn’t freely available on the Times website (blasted Times Select!), but bloggers have kept it alive. Bernanke has called for “inflation targeting,” meaning the Fed would publicly declare what inflation level it is targeting with interest rate changes.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?