Federal Reserve Chairman Ben Bernanke is in the middle of his confirmation process for another term as the head banker of the land. Yesterday it was announced that Time Magazine named Mr. Bernanke their “Person of the Year” for being someone who has made an impact on the past year.

Time Magazine depicts Ben Bernanke as an individual who has helped save the economy, ordered the mass printing of dollars to aid the banks, and was responsible in preventing another Great Depression.

The magazine does briefly mention the past, and how Ben Bernanke missed some of the signals that led to the catastrophe, but the only magazine cover that Ben Bernanke should be on is “Prison Weekly”, as its newest lifetime member to one of their fine prisons around the nation for running the biggest scam in this nations history.

Mr. Bernanke, before becoming the head banker of the land, was a professor at Princeton University where he touted himself as a leading scholar of the Great Depression. With all that knowledge of the past events why is it then that he could not see the developing events that ended up putting this nation into an economic tailspin?

If I were a member of the Senate confirmation panel I would ask Ben Bernanke the following:

Ben, as an expert in all things concerning the Great Depression, how is it that you failed to recognize the numerous warning signs that led to our current financial demise? Additionally, someone who is so knowledgeable in what led up to the Great Depression as yourself, would you not think that you should have been able to see the trouble before anyone else did? Even people who are not professors or scholars of the Great Depression saw this coming. Why is it Ben that you kept telling this Senate panel, and through other briefings in your first term that a housing bubble would not be a problem, why it was you said it would be ‘contained’, why there was no danger of a credit collapse, and why it is that you would not listen to so many on the outside who said you were, and now proven, to have been wrong in your assumptions of the situation?

Mr. Bernanke, you come before this panel seeking confirmation to a second term. Why should we feel any more comfortable with your forecasts and current assumptions of the economy when your forecasts and assumptions were proven to be so terribly wrong in the past?

How is it Mr. Bernanke that individual analysts wrote to us in 2007 and 2008 predicting what would happen and they were right, yet you still failed to recognize the issues? How can people who are not even professors understand the situation as it was about to unfold, but you still missed it?

Mr. Bernanke, you ask us to confirm you to a second term as the Chairman of the Federal Reserve Bank. If we were to grade you on your abilities to foresee problems then you have grossly failed. How then Mr. Bernanke should we grant you a second term? How do we know that your forecast and projections are any better this time? Are you telling us Mr. Bernanke that we should confirm you simply on faith?

Not only did Ben Bernanke get everything wrong in the early stages of the crisis, but he has since embarked on a path of borderline illegal activity under the umbrella of ‘exigent circumstances‘. The American people, and many in Washington wants a full audit of the Federal Reserve. But, Ben Bernanke continues to play the American people as being too naive to understand the facts of what an audit means. He continues to make the American people think that an audit open the door to Congress setting monetary policies. A scare tactic card being played by Ben as he knows the last people on this planet they want to handle money is Congress. But the truth is that an audit is not about getting Congress involved in monetary policy, it is simply wanting to know where the money went, a full accounting.

I for one sure would like to know just where the money really is Ben, who it went to, what the tax payers got in return, what are the assets being held as collateral, and what money was flowed to foreign countries all under that catch all ‘exigent circumstances’. Andwhy on Earth is Goldman Sachs still being granted bank holding company status? I don’t see any Goldman Sachs branch offices in my neighborhood, so why are the taxpayers still on the hook for their ‘easy withdraws’ from the discount window?

Ben Bernanke has failed in serving the people of this nation as the top banker. The only ones who want Ben Bernanke appointed to a second term are the Wall Street firms that he, along with Tim Geithner aid and abetted in what is growing into the largest ponzi scheme ever perpetrated on the American people.

Myself, and many others, reported on the flawed forecasts of Ben Bernanke even before the crisis became what we now know it to be. We sent faxes to Congress warning of the mistakes the head banker was making, warned that the credit crisis would spread, and no one listened. Instead the Government just went along with Ben Bernanke and the Treasury Secretary (Hank Paulson, and now his protege Timmy Geithner).

To the members of the Senate confirmation committee – You now know what so many of us out here in the ‘real world’ warned you about was true. You ignored us and now you see where that got this nation. You ignored the American people when the overwhelming majority asked you not to approve the bailouts and instead continued to rely on the individuals who led the nation into the crisis in the first place.Are you going to ignore the American people again by appointing Ben Bernanke to another term?

I am well aware that these problems started to fester before Ben Bernankes’ taking of the helm. But, like in a baseball game when the pitcher is screwing up you replace him. We replaced the ‘lefty Alan Greenspan’ with the ‘fastball king Ben Bernanke’, and ‘fastball Ben’ has, through his failure to recognize and acknowledge the growing problems has loaded the bases. I say it is time for another change on the mound before he completely throws the game, and this nation.

To the Senate I urge you to vote ‘no’ on the confirmation of Ben Bernanke, please, before it is to late.

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