Los Federales! Los Federales!

CNN - Bernanke Article... and no, I don't expect you to go read it, I know I wouldn't. But in the interest of full disclosure, I offer the link.

The synopsis (eerily identical to the first paragraph of the story):
"A second term for Federal Reserve Chairman Ben Bernanke became more uncertain Friday as two leading liberal senators announced that they will vote no, and many other Senate Democrats said they are undecided."

Bloglas sez:
If Republicans and Democrats are split in their support (not by party line) for another term for Ben Bernanke as Chairman of the Fed, that has to be a good sign. Why is that a good sign? They must be thinking about it somewhat seriously. What makes me say that? There is no public outcry one way or the other, which to me is great evidence that there is independent thought by the lawmakers. The public could care less because they don't really understand the Federal Reserve, anyone that says they do is lying. If it's not about Health Care, Boxer Bombers or JobsJobsJobs, it's not on the radar.

Who cares about the Fed? Ron Paul and... and... only Ron Paul. Ron Paul, too crazy in his speach and earnest in his beliefs to be taken seriously by mainstream America. And even he doesn't care who heads the Fed... he cares that it exists at all... a different matter entirely.

Back to the Senate confirmation... when was the last time a vote wasn't known 14 months ahead of time? This is a good thing. This is process. It may not make for an exciting blog post... but it's worth noting. Greenspan chaired the Fed since the late 1840's. While I never much paid attention, I don't recall his position ever being challenged. His carefully chosen words caused the Dow to rise or fall. His raising and dropping of interest rates toying with inflation and deflation at his whim. Where does that now leave Bernanke? Well, at last check the interest rate was at zero... so there's nowhere to go but up. As for his words, nobody believes nothing nobody says no more... so maybe it doesn't matter. Nevertheless, the fact that the Senate is seriously thinking about something that no one cares about (but should) is encouraging. It gives me hope. That a way, politicians. Not too shabby. USA! USA! USA!