Tuesday, October 25, 2005

Why Bush picked Bernanke

The above is the title of a WSJ article by Fred Barnes, which I won't bother to link as it's subscribers-only.

The pick does appear to be a really good one. But a couple of amusing (to me) bits in Barnes' article are as follows:

"Mr. Feldstein's appointment as Fed chair was supported by the president's father, former President George H.W. Bush. But he had many critics, notably James A. Baker II, who was White House chief of staff in the early 1980s when Mr. Feldstein was CEA chairman. They clashed when Mr. Feldstein spoke negatively, on and off the record, about Reagan's tax cuts. Mr. Baker thought Mr. Feldstein was disloyal and warned the current White House not to nominate him."

My God, isn't a decade plus of toeing the line enough to atone for the good deeds of one's youth?

"Mr. Hubbard, now dean of Columbia Business School, was CEA chief. He favored the Bush policies of tax cuts and partial privatization of Social Security, but the president felt Mr. Hubbard sometimes talked down to him."

Can you really blame Glenn? I am not a complete fan of everything he did in the Bush Administration, although perhaps he can defended as supporting the bad so we wouldn't get the worst. But he has standards.

4 comments:

rokkgod said...

I was surfing around and found another George Bush site.George Bush Doesn't Care About Black People This place has a ton of funny videos and mp3s.

Scott Arthur Edwards said...

Hello my dear internet friends! I have some very exiting news. A lot of you know me pretty well now and have helped me a lot. I sincerely appreciate you and I want to do the same for you. Please take a moment to check out this excellent opportunity. I am so very proud to be a part of this business, I just don't have the space I need here to fully express my gratitude and I know you will feel the same way I do. You can even try it out at no charge. Take some time to explore and learn what could be one of the most significant aspects in your life. You will not be wasting your time and I will be honored for you to be my guest. You will love this... Please give me a chance to prove it to you. Click here: home-based internet business It elegantly covers home-based internet business related ideas and FREE information. Sincerely, Scott.

Scott Arthur Edwards said...

The brand NEW! Safelist Autosubmission software XP - blasts your ads to 3.6 Million Safelist recipients at the click of one button.

Automatic-Mailer XP! - 50,000 hits guaranteed to your website every month! - Posts unlimited number of ads - Create unlimited number of profiles - Posts whenever you want! 24/7 - Schedule autosubmission when you are not at home - Sends Html & Text Advertisements.

Order today. Our Software also includes: - Autovalidation feature that automatically validates all your Safelists validation codes - mailbox cleaner feature that automatically keeps your mailboxes clean!

NOW That's an incredible Deal, isn't it? Get Your Astonishing Automatic - Mailer XP Software today!
Click here: AUTO-MAILER

Scott A. Edwards said...

NEW Space Age Technology. This is a NEW Revolution and YOU Must Check this Out!!! Can You Really Take a FREE Picture of Yourself Without a Camera? This is Amazing... "This is a very simple and safe process- Your monitor puts off a magnetic field, this software enables your computer to detect the reflection of the field. This is just as safe as using your monitor everyday".
Click here: FREE PICTURE WITHOUT A CAMERA