Romney Economist Says Bernanke Has Done an “Excellent” Job

We have previously noted our surprise that Romney would name two well known Keynesian economists, Glenn Hubbard and Greg Mankiw, both former Chairmen of George Bush’s Council of Economic Advisors, to be his chief economic advisors.

Now Hubbard has not only said that Ben Bernanke should be considered for reappointment as chairman of the Fed, when Romney had already said that Bernanke would not be reappointed. In addition, Hubbard said that Bernanke did an “excellent” job following the Crash.

Let’s hope that the latter comment isn’t Romney’s position too. Presumably it isn’t, since Romney wants to replace Bernanke.

Bernanke by the way is a Republican who was first appointed by Bush and then reappointed by Obama. We wonder how Obama can say that he changed Bush policies while reappointing Bush’s Fed chairman. The truth is that there is little difference between Bush and Obama macro-economic policies, which are both crony capitalist, except that Obama’s deficit spending has dwarfed Bush’s.

These were the policies, especially at the Fed, that brought us the Crash and both administrations and the Fed have doubled down on them since.

Click here for the article.

(Politico.com, 8-24-2012)
32 comments
Tammie Sauls England
Tammie Sauls England

I seriously doubt that'll happen. I do, however, think that Condoleeza Rice may be reappointed to hers.

Chaz Labrock
Chaz Labrock

The words boiling oil keep coming into my head..

Luke A. Fink
Luke A. Fink

End the Fed... its not needed in the 21st or 22nd centuries...

Harry R Vonzel
Harry R Vonzel

enough of this guy and the majority of the fed board who are all bankers...

Aidan Haggerty
Aidan Haggerty

Ben "Bankster" Bernanke should of been fired a couple of years ago, instead they keep him around. He is responsible, as much as Barrack Obama, for the current crisis we're currently in. We need new leadership everywhere in the federal government. Oh, end the Fed.

Grant Weddle
Grant Weddle

@tom you actually believed something that came out of his mouth?

Steven Gauna
Steven Gauna

Believing in flip flop romney yeah that's whom im going to put my faith in. Almost every bill passed by obama such as ndaa, sopa , tarp, social health care act, ect almost every peace of legislation that was passed by obama that violates our personal privacy that take away from our freedom those same policies romney your savior he supports those same policies people please turn your televisions off stop listening to corporate media and wake the fuck up.

Brad Vagasky
Brad Vagasky

And Romney himself said he'd appoint a new guy, so... whatever.

Brad Vagasky
Brad Vagasky

And Romney himself said he'd appoint a new guy, so... whatever.

Tom Woodard
Tom Woodard

But Romney said he wants a new man, one who believes in free enterprise, and I believe he is sincere in this statement.

Tom Woodard
Tom Woodard

But Romney said he wants a new man, one who believes in free enterprise, and I believe he is sincere in this statement.

Tom Woodard
Tom Woodard

But Romney said he wants a new man, one who believes in free enterprise, and I believe he is sincere in this statement.

Russell Faulkner
Russell Faulkner

@ Steven That is why I am voting for Ron Paul. He is the only change we will get in this election year. Romney/Obama win...SSDD.

Kurt Pechinsky
Kurt Pechinsky

They all suffer from the same disease. Keynesian economics.

Steven Gauna
Steven Gauna

The same old bull the same government they screwed up the economy so bad and they still want to head in that same direction doing the same thing with the same people i thought romney was going to be different from obama isnt that why we have elections if someone doesnt work out them we choice a different person with different perspectives i guess choice has a different meaning since our only choices that were given to us were only "corporate puppets".

Kay Crary
Kay Crary

Bernanke is the one who knows where the skeletons are burried, it makes sense to have him undo what has been done! Skepticism and paranoia are very close. I agree they are all crooks, but we have to start somewhere.

Dan Hildebrand
Dan Hildebrand

My vote is for Ron Paul ...Lets shake it up a bit ...Go back to the Gold standard too maybe

David Pollard
David Pollard

I say Romney should appoint Ron Paul as Secretary of the Treasury. Lets see how Bernanke likes that.

Yakov Pavlovich
Yakov Pavlovich

What does that tell you about both parties that Ben Bernanke is one of the few high profile people in Washington to enjoy bipartisan support?