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How You can Help Stop Ben Bernanke's Reappointment as Fed Chairman

Politics / US Politics Jan 23, 2010 - 03:32 AM GMT

By: Mike_Shedlock


Opposition to the reappointment of Bernanke is mounting every day. Senator Barbara Boxer Senator (D- California) and Russ Feingold (D-Wisconsin) are the latest to hop on the Dump Bernanke bandwagon.

Please consider Opposition To Bernanke Growing In Wake Of Massachusetts Vote.

Senator Barbara Boxer: "I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When the financial crisis hit in late 2008, he took some important steps to prevent what many economists believe could have been an even greater economic catastrophe," said Boxer.

"However, it is time for a change -- it is time for Main Street to have a champion at the Fed. Dr. Bernanke played a lead role in crafting the Bush administration's economic policies, which led to the current economic crisis. Our next Federal Reserve Chairman must represent a clean break from the failed policies of the past."

Senator Russ Feingold: "A chief responsibility of the Chairman of the Federal Reserve is to ensure a sound financial system," read a statement issued from the Wisconsin Democrats office. "Under the watch of Ben Bernanke, the Federal Reserve permitted grossly irresponsible financial activities that led to the worst financial crisis since the Great Depression. Under Chairman Bernanke's watch predatory mortgage lending flourished, and 'too big to fail' financial giants were permitted to engage in activities that put our nation's economy at risk. And as it responds to the crisis it helped to usher in, the Federal Reserve under Chairman Bernanke's leadership continues to resist appropriate efforts to review that response, how taxpayers' money was being used, and whether it acted appropriately. When the full Senate considers his nomination, I will vote against another term for Chairman Bernanke."

Are the Votes There?

Inquiring minds are reading Senate Democrats Not Sure They Can Get Enough Votes to Reconfirm Bernanke

Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.

"The American people are disgusted with the greed and recklessness of Wall Street," Sen. Bernie Sanders, I-Vt., said in an interview with The Associated Press last month. "People are asking, 'Why didn't the Fed intervene at the appropriate time to stop the casino-type activities of large financial companies?'"

Sanders, Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote.

Roll Call reported this week that at the Senate Democratic caucus meeting on Wednesday, "according to senators, liberals spoke out against confirming Bernanke for a second term. Those liberals tried to make the case that the White House needs to put in place fresh economic advisers to focus on 'Main Street' issues like unemployment rather than Wall Street concerns. Moderates were more reserved, senators said, but have similarly withheld their support for Bernanke.

Tally of Senate Vote Count

Inquiring minds are investigating the Wall Street Journal's Tally of Senate Vote Count on Bernanke Confirmation.

The Wall Street Journal and Dow Jones have compiled a tally of senators who have declared their intentions for the confirmation vote based on interviews with the senators or their offices. Currently, 17 senators (13 Democrats and 4 Republicans) have committed to support the nomination, while 12 (7 Republicans, 4 Democrats and 1 Independent) said they will vote no. Five senators have said they are undecided in interviews, while the remainder haven't officially commented.

From the tally ...

LEVIN, Carl (D-MI) phone: 202-224-6221 Fax: 202-224-1388
zipcodes if asked - pick one Lansing:48906 thru 48919 except 48914 Flint: 48501 thru 48507 Grand Rapids:49501 thru 49510 Farmington:48331 thru 48336 Holland:49422 thru 49424 Kalamazoo:49003 thru 49009 Traverse City 49684 thru 49686

MIKULSKI, Barbara A. (D-MD) phone: 202-224-4654 Fax: 202-224-8858
zipcodes if asked - pick one Baltimore:21209 thru 21218 Ocean City:21842-21843 Columbia:21044 thru 21046 Ellicott:21041 thru 21043 Silver Spring:20901 thru 20911

NELSON, Ben (D-NE) phone: 202-224-6551 Fax: 202-228-0012
zipcodes if asked - pick one Omaha:68101 thru 68112 Lincoln:68501 thru 68512 Bellevue:68005

NELSON, Bill (D-FL)Phone: 202-224-5274 Fax: 202-228-2183
zipcodes if asked - pick one Jacksonville:32201 thru 32212 Miama:33124 thru 33138 Tampa:33601 thru 33626 Orlando:32801 thru 32812 St. Petersburg:33701 thru 33716

REID, Harry (D-NV)Phone: 202-224-3542 Fax: 202-224-7327
zipcodes if asked - pick one Las Vegas:89101 thru 89157 Henderson:89011 thru 89016 except 89013 Reno:89501 thru 89513

Against Confirmation

BOXER, Barbara (D-CA)
DORGAN, Byron L. (D-ND)
FEINGOLD, Russell D. (D-WI)
SANDERS, Bernard (I-VT)
CRAPO, Mike (R-ID)
DeMINT, Jim (R-SC)
HUTCHISON, Kay Bailey (R-TX)
McCAIN, John (R-AZ)
SHELBY, Richard C. (R-AL)
VITTER, David (R-LA)

For Confirmation

AKAKA, Daniel K. (D-HI)
BAYH, Evan (D-IN)
BENNET, Michael F. (D-CO)
BROWN, Sherrod (D-OH)
DODD, Christopher J. (D-CT)
DURBIN, Richard J. (D-IL)
KOHL, Herb (D-WI)
REED, Jack (D-RI)
SCHUMER, Charles E. (D-NY)
WARNER, Mark R. (D-VA)
BENNETT, Robert F. (R-UT)
GREGG, Judd (R-NH)

How You Can Help!

Here is the Online Directory For The 111th Congress .

Whether they are in your state or not, please call all 5 undecided senators.

Concentrate on the senate. The house has no say on this.

What To Say: Make it simple so as to not tie up the lines ... "I am opposed to the reappointment of Bernanke [give your personal reason] and I think we should start all over on health care [or whatever you think about that issue]."

Be prepared to name your city and give a zipcode. Here is the Zip-Code Database.

Send A Message

Remember it takes 60 votes for confirmation. All it takes to send Bernanke flying is a change in a handful of undecided senators!

Call Now!

By Mike "Mish" Shedlock

Click Here To Scroll Thru My Recent Post List

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Visit Sitka Pacific's Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

I do weekly podcasts every Thursday on HoweStreet and a brief 7 minute segment on Saturday on CKNW AM 980 in Vancouver.

When not writing about stocks or the economy I spends a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at .

© 2010 Mike Shedlock, All Rights Reserved

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Tony N.
25 Jan 10, 10:54
stop benanke

Stop the reappointment of Ben Bernanke to the Fed Chair because if the Fed is assisting the Government takeover of Health care by confiscating wealth in forms unseen to the Public's eyes like the list of websites below call into questions what are the real motives of the Government with the 2 leading reforms on the table Cap and Trade and Health care , we need clear understanding what the connection between wealth consolidation and control of population has to do with anything regarding the 2 reforms . I think we need to see the balance sheets of the Fed to understand how the wealth has been taken out of the US capitalist system , and at the same time transfers of power over resources are at hand with these reforms . Stop the FED appointment and lets get a understanding of whats going on to our economic fundamentals before its to late !!!!!!!

Cap and Trade and Health Care all about population controls ?????

This is whats driving the environmental , climate change, socialist Movements ........ has many examples of How the Climate Change debate was Hijacked and used as a means to create an illusion of a threat that would sell better as a debate to gain control of the Free Enterprise system and resources rather than Overpopulation debate and implement the life giving treatments through Health Care that can curve the Life expectancy back down . This is what is really driving the progressive movement in the USA , they are Freaking out over Overpopulation and they think they need FULL CONTROL over all things and then they can create their ideal of a Perfect world ....... But the USA already is a Perfect Model of population growth and we should not have to give up our Liberties and Constitutional values to be seen in the world as a model for this Overpopulation Issue .

Attacking the family is Key along with Abortion ;

Stand Up for Parental Rights

it all plays right into the current Czars advising the Prez ....

NSSM200 Kissinger wrote this study for Nixon ; , says bio warfare and abortion are key to this study

Kissinger said in 2004 it was still a active policy , see this link ;

Obama Czars below they claim they need to control USA population to be a Do as we Do model for the rest of the world ; Science czar John Holdren Recommends population controls

Google this guy Paul Ehrlich , hes a co author to Our Science Czar John Holdren and is advising our President Obama too . How to Control the AMERICAN Population by Paul Ehrlich ;*2YAwbJKNA0ynjqNMPkAWc364um0hFryXrnCiwz7Aj0us0lz6nMDxpOErKkoOFI1yQyJxaBvmUtOCg37l0c/14211548HowtoControltheAMERICANPopulationbyPaulEhrlichThePopulationBombBrentJessop.pdf

United Nations Agenda 21

fits into the plan of the population reduction

Population control called key to deal , I think this is why we saw the health care bill target elderly folks with restrictions on treatment with Medicare cuts .

this is a UN agenda 21 plan for forest lands to speed up the rate of famine

this is Obama's Plan for our forest lands , he wants the USDA to subsidies the planting of over 50 Million acres of our Prime Farmland in the Midwest to Trees , just trees , so we can speed up the famine rate , did we the people get to be a part of this debate ???

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