Skip to comments.White House Launches Janet Yellen Blitz PR Campaign
Posted on 09/21/2013 8:29:38 AM PDT by Errant
There was a time, long ago, when some still believed the myth that the Federal Reserve, and the selection of its Chairman, were supposed to be apolitical and impartial. Luckily, that was a long time ago, because otherwise some may question not only the logic, but the motives, behind what the media reports is an aggressive push by White House officials to "muster support among Democrats on the Senate Banking Committee to back Federal Reserve Vice Chair Janet Yellen," according to Reuters which cited three sources said on Friday, laying the groundwork for her expected nomination to the Fed's top job. If the White House is suddenly intent on picking Mrs. Yellen (or is that Mister?), one wonders just how diluted her "runner up" credibility at the Fed would be, since it has been made quite clear she was continuously Obama's B (or lower) grade choice to head the Fed, with Summers at the very top. And of course, a just as important question is how even more diluted is Obama's credibility and political brand if a few ultra-liberal Senators can impose their choice for next Fed head over that of both Larry Summers, of the "Committee to save the world" and the president himself.
(Excerpt) Read more at zerohedge.com ...
Da... comrade yellen will tow zee party line.
So Yellen is pretty much guaranteed to keep the ink flowing to the printing presses...right?
Who gets selected for Fed chairsatan is about as relevant as who gets selected 2 counties over for dog catcher. Fed policy is already set and whether yellen or summers or geithner or krugman get the nod, it isn’t going to change. I can summarize Fed policy as follows:
Theyre going to print.
Then theyre going to print some more.
Then theyre going to print even more.
Then theyre going to act like theyre going to act like theyre going to ease up a bit on the printing, but then theyll just print some more.
And then theyll print.
Theyll print to wake the dead.
Theyll print to make the banshee wail.
Theyll print until their eyes bleed.
And they wont stop printing until the US dollar is trading at par with the zimbabwe dollar.
And then theyll declare it mission accomplished.
You should plan accordingly.
Why even waste the time or money for a PR campaign. Nobody is going to stop anything that el heffe wants.
Can’t he find a black lesbian banker to appoint? Shouldn’t the Federal Reserve Board “look like America?” /S
LOL, I was shocked to read Ms. Yellen’s bio, and find she is/was married. Bet her bio needs updating...
Just sayin’... ;)