Word: bushed
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While Stock blamed the Bush administration and Department of the Treasury for clumsy fiscal management of the economic crisis, he described Bernanke’s aggressive monetary policies as having “a strong theoretical foundation” and being “the right way to pursue the problem...
...Stand for a few big things. Obama rode to his party's nomination as the anti-Clinton and won the general election as the anti-Bush without ever having to define his political persona. Reagan's policies didn't always live up to his mantra (lower taxes, stronger defense, family values), but he was able to fit most of his major initiatives and high-profile events under that simple tripartite rubric...
...bigger than life. Obama is in many ways an ordinary guy (not unlike brush-clearing Bush and shorts-wearing Clinton). Scenes of him rhapsodizing about ESPN or headed out for burgers serve to humanize Obama and are certainly an appealing window into his real-life self. But through stagecraft and style, Reagan was able to be both an accessible and a towering figure. The Democrat in the White House needs to be more imposing and less familiar in order to wow his friends and strike fear into the hearts of his enemies. Plainspoken speeches, richly symbolic events and well-timed...
...more liquidity into the economy. They would welcome a little inflation, which could make Americans feel a bit poorer but could also encourage lenders and investors to put more money to work rather than hoarding it. Some of them suspect that Bernanke, a onetime economic adviser to George W. Bush, is choosing the brakes over the gas because he's a conservative Republican at heart...
...that he might not be. But Fed chairmen are supposed to be apolitical, analytical and data-driven; Bernanke is all those things, and he did, after all, save the world. If Republicans don't want to give Obama a victory, they should think of Bernanke as one of Bush's best appointees. And if Democrats want to distance themselves from Wall Street, they should pass tough financial reforms so that Chairman Bernanke never has to save the world again...