Ben Bernanke’s reappointment is viewed by some in the political and financial establishment of our nation’s capital as a sign of political weakness for President Obama.
Paul Bedard of Washington Whispers explains:
The reason: If Obama were still at the top of his game, he might have nominated brainy but abrasive aide Larry Summers. Insiders say that Bernanke, a Bush pick, is too independent. Plus, Obama would like his own Fed chief but has been too politically weakened by the healthcare debate to fight for Summers.
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