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Examples
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BERNANKE TO CONGRESS: THE ECONOMY NEEDS YOU TO KEEP SPENDING - Fed chairman Bernanke reiterated Wednesday "his belief that Congress should continue to prop up the sputtering economy, casting aside concerns that the federal budget deficit should trump the economy's need for additional stimulus," Shahien Nasiripour reports.
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By taking that limited power to its furthest possible extreme, Gross and Grantham say, Fed chairman Ben Bernanke is making matters worse.
Bill Gross: Fed Policy Is A 'Brazen' 'Ponzi Scheme' William Alden 2010
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Seems to me that Bernanke is perfectly willing to allow inflation at the current level for at least the short term.
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Bernanke is held in about the same amount of contempt.
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In contrast, Bernanke is either unknown or loathed by the general public.
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If Bernanke is confirmed blame Obama-Rhama and their Bush III-iness!
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If Bernanke is not reappointed, the market will shudder for a while, and the media will blast the WH and the Dems for causing a halt to the improving market.
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By taking that limited power to its furthest possible extreme, Gross and Grantham say, Fed chairman Ben Bernanke is making matters worse.
Bill Gross: Fed Policy Is A 'Brazen''Ponzi Scheme' William Alden 2010
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If Bernanke is reappointed, the market will do what it is going to do anyway, which may be a normal correction, and the WH will be blasted for not making changes at the Fed.
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Presume the bigger “double dip” in 2011, the one Bernanke is arranging.
Matthew Yglesias » The Filibuster Was Never a Good Idea 2010
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