Greenspan’s replacement
By on Oct 24th, 2005 at 9:24 am
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pay no attention to the indictments. We’ve got a replacement for Greenspan! Boo!
October 24th, 2005 at 9:30 amYes, choosing a new Federal Reserve Chairman during a time of domestic and international crisis will certainly increase the country’s stability.
In BIZARRO WORLD.
October 24th, 2005 at 9:34 amLook out stock market! The last big crash came a couple weeks after greenspan was announced. if W pulls a harriet on this one expect a very turbulent stock market!!!
October 24th, 2005 at 9:34 amWho wants to bet that it’s the guy who is heading up the search committee and/or Bush’s personal accountant?
October 24th, 2005 at 9:37 amAnyone know who Bush’s personal financial consultant is?
October 24th, 2005 at 9:39 amhttp://www.archive.org – search for the money masters and download the video..
October 24th, 2005 at 9:40 amGood one Tigris.
October 24th, 2005 at 9:46 amIt’s gotta be Cox or Snow. Bush only knows about 20 people in Washington total, so every appointment pretty much comes from that pool.
October 24th, 2005 at 9:49 am$100 bucks says its Snow. Andrew Card will then be nominated to fill Snow’s shoes at Treasury.
See WSJ link
October 24th, 2005 at 9:53 amhttp://online.wsj.com/public/article/SB113010886321477076-7RO26SVxh6EK6NYqBH8Tk1LVPn4_20061023.html?mod=blogs
Could the announcement be timed so as to deflect some attention from the imminent indictments?
October 24th, 2005 at 9:54 amGoodness, would the White House be so obvious?
We all know their m.o. now don’t we?
#5–Dammit, you stole my thunder. This is just too easy with such a dumbass at the helm. I shudder to think how the Dow reacts when he appoints his favorite bank teller as Fed Chairman…
October 24th, 2005 at 9:54 am#7 and #11-
October 24th, 2005 at 10:04 amSee #4. Where’s the love? ;-)
Nothin’ personal Anti, I’m at work and have to skim over the comments quickly.
October 24th, 2005 at 10:12 amRest assured that it will be some idiot that thinks this alcoholic presidents idea of an emerging economy is the correct one.
I heard the shrub say one time that he was an economist. Checking this out I found that he took two classes in economics at the university. He got a C Minus in both. He also wrote a paper for one that praised Hitlers economic programs.
Quite a guy, our alcoholic president!
October 24th, 2005 at 10:16 am#9 – $100 says it’s Bernanke or Feldstein.
The truth is, I expect Dubya to keep this nomination on the square. If Bush blows this one, the Dow will gap and the “have mores” will go fookin’ mental.
October 24th, 2005 at 10:18 amWhat do you expect, Old Bushie had three failed businesses. How did the American people vote this man as our President?
October 24th, 2005 at 10:24 amOf course I did not vote for this scumbag. Only these RIGHT WING RELIGIOUS BRAINWASH NUTS COULD VOTE FOR SOMEONE LIKE THAT.
I think he’ll probably appoint “Brownie” to head up the Fed; after all, he’ll need a new job at the end of the month, when his taxpayer-paid do-nothing FEMA consultant’s job is over.
Either that, or he’ll appoint Jebbie, who no doubt is tired of taking God’s hints in the form of hurricanes every couple of weeks…
October 24th, 2005 at 10:53 amI heard that Ken Lay is the odds-on favorite. W has known him for over ten years.
October 24th, 2005 at 10:55 amDon’t know if you all saw this, but it is too apropos to the thread to not rerun…
S
——————-
Bush picks new Fed Chair to replace Greenspan:
AP News – Oct 3 2005
Finally George W. Bush decided who would replace Alan Greenspan as Fed Chairman as soon as possible.
The President surprised everyone once again by picking someone from his inner circle. This time George reached all the way to Crawford, Texas and he picked another loyal conservative Republican. His choice to replace Mr. Greenspan is “Joe” the local bank teller.
Joe has a long experience in high finances and he understands money. He has been the local bank teller in Crawford for the last 25 years – he has a vast experience in cashing peoples’ checks, but he also knows how to handle deposits. He is a real moneyman.
Joe also brings other credentials to his new job – on weekends he usually participates on local rodeos – he is a very good cowboy.
He also knows how to play the fiddle, and sometimes when the president is on vacation on his ranch (which is quite often) Joe has a chance to play his fiddle with Condi Rice on the piano – and they play a bunch of hillbilly tunes together to entertain the president.
Joe has a great background according to the Bush administration, and he is a perfect fit for the current cast of Republican misfits that is destroying our country.
Regarding his new appointment Bush said: Trust me the Federal Reserve will be in good hands after Joe is confirmed as the new Fed Chairman.
October 24th, 2005 at 11:11 amI heard he’s thinking about Bill Clinton cause he did such a bang up job raising money for the tsunami and huricane.
October 24th, 2005 at 11:13 amI’m guessing it’ll be Ken Lay.
October 24th, 2005 at 11:26 amBush would never do anything becuase it’s good for the country. He cares only about himself, so sadly, it will be some Brownie. He doesn’t exactly run in the circles of intellectuals. He has no smart buddies, so what could we possibly expect? We could only hope that his needs will coincide with the American people’s and we will ‘luck out’ on a good pick. Not very likely.
October 24th, 2005 at 11:26 amI hear that Ben Bernanke is the man. He is Bush’s financial advisor. I don’t know anything about him, though.
October 24th, 2005 at 11:30 amCNN says Bernanke is it.
October 24th, 2005 at 11:34 amhttp://www.whitehouse.gov/cea/bbernankebio.html
Ben S. Bernanke was sworn-in on June 21, 2005 as Chairman of the President’s Council of Economic Advisers. Prior to his appointment to the Council, Dr. Bernanke served as a member of the Board of Governors of the Federal Reserve System.
Dr. Bernanke was born on December 13, 1953, in Augusta, Georgia. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.
Before becoming a member of the Board, Dr. Bernanke was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University (1996-2002). Dr. Bernanke had served as a Professor of Economics and Public Affairs at Princeton since 1985.
Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER’s Business Cycle Dating Committee. Dr. Bernanke’s work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education.
Dr. Bernanke and his wife, Anna, have two children.
October 24th, 2005 at 11:45 amWhy is he announcing the replacement for the Fed Reserve Chairman now when Greenspan is not retiring until January. I know why, he wants to detract attention from Fitzgerald’s announcement of his indictments this week.
#19 Styve Another imcompetent bank teller from Texas. You wonder what qualifications does this Republican have?
October 24th, 2005 at 11:47 amI wonder what the banker’s and wall street are thinking? Don’t they have the most to lose from a brownie? We may get a boost with the finace industry for this appointment. Let’s hope.
October 24th, 2005 at 11:51 amBush appoints his personal accountant ;-)
October 24th, 2005 at 11:59 amjust hope and pray that grand wizard GW doesn’t picks somebody to replace Greenspan whos from texas who can’t count to 20 without taking their shoes off.Otherwise our economic policies will be based on the same whaco policies that our foreign policy has now. GOD SAVE US FROM THE GRAND WIZARD.
October 24th, 2005 at 12:08 pmThe market is up more than 120 points today. Do you think that means they like his Fed appointment? Could he possibly have made a good decision?
October 24th, 2005 at 2:25 pmI read a few of Bernanke’s papers. Much of it is over my head. From what I can interpret, it appears that he’s well versed on developing economies, and is a macronomics nut. He’s a little progressive (but definitely not radical) and he’s definitely not a crony-in-a-cheap-suit appointment.
Aside from being liked by Bush, I don’t see anything wrong with the guy.
October 24th, 2005 at 2:47 pmsurprise surprise… another of Bush’s sandbox pals…
October 24th, 2005 at 2:49 pmBernanke believes in the power of ‘printing money’ to deal with inflation – he’s a little whacko for my tastes.
October 24th, 2005 at 3:43 pm