Romney may have gone on record saying he would
consider replacing Federal Reserve Chairman Ben Bernanke, but it's clear that the person who would actually make economic policy decisions, his top econ adviser, Glenn Hubbard, would keep the chief money printer behind the press. Hubbard
told Reuters TV today that
Bernanke should "get every consideration" to stay on beyond January 2014, when the chairman's current term expires:
Ben is a model technocrat. He gets paid nothing for getting kicked around all the time. I think they ought to pat him on the back...
Hubbard, see, is a life-long friend of Bernanke, and apparently values his loyalty to the Fed chairman over Bernanke's abhorrent job performance:
I may or may not agree with him, but that's very different from saying I question his motives.
I think we call this cronyism. So, what about that "Restoring America" slogan?
Romney may have gone on record saying he would consider replacing Federal Reserve Chairman Ben Bernanke, but it's clear that the person who would actually make economic policy decisions, his top econ adviser, Glenn Hubbard, would keep the chief money printer behind the press. Hubbard told Reuters TV today that Bernanke should "get every consideration" to stay on beyond January 2014, when the chairman's current term expires:
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