Get it straight, folks

As everyone knows, Chairman of the Federal Reserve Ben Bernanke can by re-appointed by the President to a 4 year term in January. As expected, the Fed-haters are making something out of nothing.

This week Bernanke went in front of a television audience and answered questions asked by the average joe off of the street. Bernanke announced at the beginning of his term that he would try to make the Fed more transparent and help the American people understand exactly what is going on in the economy.

Libertarians have perverted Bernanke's intentions... in the stupidest way possible. If your going to make a long rant about how bad Ben is, at least make it a logical argument. Look at what this blog has to say (http://blogs.reuters.com/james-pethokoukis/2009/07/27/candidate-bernanke-hits-the-campaign-trail/).

"If Ben Bernanke were running TV ads, taking polls and holding town hall-style meetings, it wouldn’t be any clearer that he’s conducting an explicit reelection campaign for another four-year term as Federal Reserve chairman come next January."

So this guy thinks Bernanke is trying to campaign to be re-appointed to the Fed. The last Chairman of the Federal Reserve remained Chairman for the most amount of time he could (14 years). Would it not therefore follow logic to say that Bernanke, a smart fellow, would take a play out of Greenspan's playbook and do the same things Greenspan did to be re-appointed.

But, and the anti-Fed author admits this in his article, Greenspan stayed as far away from the public as possible. So, by explaining things to the public, Bernanke is doing the opposite of what the last 14 year Chairman did to be re-appointed.

This is ridiculous. Clearly, if Bernanke's only goal is to be re-appointed, he would do what the last Chairman did to get re-appointed did. He isn't, so clearly there is another motive for why Bernanke is doing what he said. Anti-Fed idiots will say anything to get attention and to create suspiscion about the Fed.