Word: chairman
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Dates: during 2010-2019
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...this would circumvent the challenge brought upon by Brown’s election, it would not only be undemocratic but also, according to those familiar with congressional rules, would result in a watered-down bill missing key provisions to expand coverage and protect American insurance buyers. Senate Budget Committee Chairman Kent Conrad explained that “insurance market reforms, all the changes designed to encourage wellness and prevention,” among other things, could still be easily jettisoned because they do not relate directly to deficit reduction, which is the sole goal of reconciliation itself...
...actually a reasonable question. Bernanke was TIME's Person of the Year 2009, and at the time we urged Congress to put politics aside and confirm him to a second term as Federal Reserve chairman. Much of the opposition that's been building lately to Bernanke's confirmation consists of Republicans who want to obstruct anything President Obama wants and Democrats who want to obstruct anything Wall Street wants. But while Bernanke performed brilliantly during the worst financial panic in 75 years, it's fair to ask why he isn't doing more now to fight unemployment (the left...
...rest of the answer is that Bernanke believes a Fed chairman needs to act like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing...
...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...
...potential modern equivalent is under way--the Financial Crisis Inquiry Commission, created by Congress but populated by a mix of financial experts and smarter-than-average former elected officials. In keeping with the P-heavy historical precedents, it could be known as the Phil Commission, after chairman Phil Angelides--a former California state treasurer who lost to Arnold Schwarzenegger in the state's 2006 governor's race. On the commission's first day of hearings, Angelides set a tone of civil but pointed inquisition that bodes well for its future. "It sounds to me like selling a car with faulty...