You cannot make this stuff up folks.  Let me get this straight:  The US government gives the FED power to create a 1 Trillion in TARP and government bailout plans & may not let the man who created the plan finish the job.  STUPID.  Politics are politics, but you don’t play chicken with a trillion dollars, which is exactly what this game is.

I will admit, I was first to laugh at the appointment of Bernanke.  I thought he would fail.  I also chuckled when Geithner was appointed based on his past lehman decision to let them fail.  These two so far have surpassed my every expectation.   They completed half the phase, stablizing the market.  When the DOW was at 6500, let’s face it, we all thought 5000 was coming, even lower.  Both men have made controversial & calculated decisions that have paid off short term.  Bernanke has EARNED THE RIGHT TO TRY AND LAND THIS PLANE.  It’s going to be bumpy this inflation landing, there will be turbulence, but there is only one pilot at this point that has earned the right to be at the controls and that is Bernanke.

I can see through the bluster.  I can see through the BS.  Bernanke can and will be appointed for next term.  HOWEVER, the US government can be so STUPID the market has to prepare for anything short term.  Not appointing Bernanke for any political reason will be a huge financial risk.  Not saying anyone else cannot land the inflation plane, but why risk it all?  Only the good old USA would consider such a risk.

In China, they are laughing at the US.  They see dollar signs every time a PIG like Barney Frank or Nancy Pelosi opens their mouths.  USA keeps this up, china will be the world leader soon.  How sad is that?  Could happen.

Politics suck.  I hate politics.  However, politics effect the financial markets, so I must play their stupid game and pay attention to what goes on in washington.  Stop playing chicken with a trillion dollars USA and WAKE UP!  Confirm Bernanke and let the man try and finish an almost impossible job that he started.

Welsh