REPORTS: OBAMA TO NOMINATE BERNANKE FOR A SECOND TERM!

LET'S SEE NOW...

As Chairman of the President's Council of Economic Advisors in October 2005, he told Congress that he wasn't worried about a housing bubble. A half-year later, in March 2006, as the mortgage meltdown began to pick up speed, he testified a Fed chairman that problems in the subprime market were "contained."

Of course, Bernanke was on board with Greenspan or at the helm himself as the Fed frothed up the real estate and mortgage bubbles to begin with.

He demonstrates an utter confusion about the nature of inflation, uttering fatuous tautologies such as, "A rough stabilizaton of commodity prices, even at high levels, would result in a relative moderation of inflation."

And he's going to be re-appointed? It almost reminds one of Bush who persistently promoted people who had failed to positions of ever more responsibility.

GOOD WORK MR. PRESIDENT!