Ready or not...
By Paul Wilson
Just as heated political "debate" (which usually amounts to raised voices and name-calling) finally begins to lose a little steam this afternoon after President Obama's first State of the Union address, we hear that Ben Bernanke has won a second term as chairman of the Federal Reserve. So much for peace and quiet.
Fairly or not, Bernanke has become synonymous with the overall state of the U.S. economy, largely due to his role in federal bailouts for banks and other financial institutions.
Praised by some for saving the U.S. economy, or at least competently guiding it through a very rough patch, he is villanized by others, who say he is given far too much credit for the nation's tenuous recovery.
As the Obama administration continues to face criticism and fight for health care reform, Bernanke will surely continue to share the harsh glow of the national spotlight. And he actually wanted this? As for me, I think maybe I'll pick up a pair of earplugs on the way home tonight.