Editorial: Sanders omits half the story on Bernanke's nomination

Posted on December 10, 2009 |

• Editorial

By Angelo Lynn

Vermont’s Sen. Bernie Sanders efforts to block Ben Bernanke’s nomination for a second term as chairman of the Federal Reserve make a point, but in doing so he omits more than half of the story.

Sanders suggests that Bernanke should not be confirmed for a second term based on the premise that “the American people voted last year for a change in our national priorities to put the interests of ordinary people head of the greed of Wall Street and the wealthy few. What the American people did not bargain for was another four years for one of the key architects of the Bush economy.”

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