Doing the Bernanke Dance

Call me a cynic, but I've never taken seriously the idea that Congress, a body that is largely incapable of taking decisive actions, would refuse to confirm Ben Bernanke for another four years at the helm of the Federal Reserve Board. Once the White House stepped up the political pressure, and the stock market started reacting negatively to the heightened uncertainty that a vote against Bernanke would entail, the bravehearts on the Hill were always going to buckle for fear of being blamed...