by Teh Nutroots | Okay, not really. What really happened is that he endorsed the Democrats' "fiscal stimulus" plan. The Wall Street Journal: "Ben Bernanke apparently wants four more years as Federal Reserve Chairman." According to them, he "all but submitted his job application to Barack Obama yesterday" by doing so. And now The Wall Street Journal is upset.
Mr. Bernanke could have begged off -- and would have been wiser to do so -- given how much the Fed has already made itself a political lightning rod with its many Wall Street interventions. He might also have thought twice about endorsing one party's policy preferences a mere two weeks before Election Day given his obligation to preserve the Fed's independence.....
Perhaps Mr. Bernanke's blunderbuss political intrusion will win him more Democrat friends, and maybe even Mr. Obama's goodwill. To the rest of the world, he has harmed the Fed and made himself less credible. (WSJ)
Powell, Volcker, Adelman, Buckley, Hitchens, the conservative Mayor of London earlier today and a host of conservative newspapers....are they all looking for jobs in the executive branch? The list of conservatives who have jumped ship is growing longer every day.
Why is WSJ so pissed off? Here's a clue:
Mr. Bernanke certainly knows that Mr. Obama and Democrats on Capitol Hill are talking about some $300 billion in new "stimulus" spending, while President Bush and Republicans are resisting. And by saying any help should "limit longer-term effects" on the federal deficit, he had to know he was reinforcing Democratic opposition to permanent tax cuts. (WSJ).
At HuffPost, Jesse Lee says:
To get an idea of how irritated this piece of common sense and common decency has made McCain's pals, read this screed from the Wall Street Journal editorial page. And why might this be so irritating to them? Because it means they'll have to start talking about the economy and the middle class, and as we all know that's just a tremendous inconvenience to John McCain.
DownWithTyranny wonders if Obama should draw a line on accepting the support of certain Republicans. I'm thinking not. In fact, I'm kind of hoping that W---fed up with being dissed by McCain---will step up and endorse Obama (though I do draw the line at Cheney). That would be one hell of an October surprise.
Okay, I'm kidding---sort of. But still, it's pretty awesome, isn't it? I wonder who will be next to criticize---if not reject outright---McCain's brand of economics, his judgment in picking Palin, or his campaign rhetoric?
Why, would you look at this, right from our local paper (via HuffPost):
Gainesville Sun: "[Governor Charlie] Crist was asked about the attacks from many McCain supporters that Obama is advancing a 'socialist' agenda. 'I imagine different people have different definitions. I don't think it looks that way to me,' he said."
No, it ain't an endorsement or anywhere close to it. Even so, it shows that Republicans generally are drawing back their skirts from the mess McCain is making and the anger he is stirring up among some of the more emotional members of the "base."
Memeorandum has more.
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