Washington (CNNMoney.com) - Federal Reserve Chairman Ben Bernanke was confirmed for a second term Thursday by the U.S. Senate.
The final confirmation vote was 70-30. Minutes earlier, more than enough senators, 77, voted to end a filibuster on the nomination in a procedural move that required 60 votes.
The vote, which occurred just three days before Bernanke's first term was scheduled to end, came after heavy lobbying by Democratic leaders and the Obama administration. President Obama, himself, made calls last weekend. And Senate Majority Leader Harry Reid, D-Nev., lobbied Republicans to make sure he had enough votes.
One question why?
Wow! Some republicans voted to give a republican a second term.
Holy crap! There was a vote in the senate where more than 60 senators voted for something....Mark this date on your calendar!
Macho macho I did not forget that Bernanke was part of the crew that allowed us to crash and almost burn. I am however cognizant of the fact that under more observant and accountable leadership, and with input from different fiscal advisors he was the Captain that kept us from going over the falls.
It was a sensible and logical decision to keep him on board and in charge seeing how if anybody knows where the cracks and fissures are it would be Bernanke.
Much success to you sir.
He and Sec. Geithner have the same problem, their new offices at Goldman were not ready. President Obama loves redundantcy. They are his now, no change here either..
I can't figure out what this clown does, other than collect a big paycheck for his complete incompetence.
Another gift to Wall Street and Main Street gets nothing!
Well so much for this State Of The Union! WALL STREET WINS AGAIN! This is so very T-R-A-N-S-P-A-R-E-N-T to those of us who study the right sources. Naomi Klein's, "The Shock Doctrine: The Rise Of Disaster Capitalism" AND Naomi Wolf's, "The End Of America: A Letter Of Warning To A Yound Patriot". Better wake up, My Fellow Americans. Peace
Only a moron would vote against him. While there 18 Republicans to vote against him, I also noticed there are 12 Democrats dumb enough to do so...At least we now know whose afraid of being unemployed come November.
Hey Gillibrand & Schumer
You were pretty much done w/ selling out NY and New Yorkers to the insurance cartel.
Now it's time to put a fork in you.
To the NY Republicans, Obama forced all the NY Dems to sit down. You have some good people. While a circus clown could beat Gillibrand, the snarky twitterer, Schumer may take some doing, but you owe it to New York.
Ben Bernake is one of the good guys, America! He did not come from Wall Street and he has a great attitude about our Nation.
We do not need naysayers or gloom & doom, we need optimism and leadership!
Like Obama said to the Republicans "saying NO to everything is not leadership!"
Nothing like rewarding failure is there.
Of course, with CNN leading the way for the rest of the hyperbolic media and trying to out-maneuver FAUXYTALE NEWS, the controversy and the drama had to be exaggerated and heightened to the point of absurdity.
I'm not surprised, the Republicans are cowards. They will vote down anybody else, but when it comes to money for their high-powered friends on Wall Street, it's a done deal.
Congrats to the cowards for looking out for their friends, now how about working for the rest of us?
So Obama and the Democrats got 27 Republican votes to end cloture and 20 Republican votes in support of Obama's nominee to be Federal Reserve Chairman. When Obama isn't proposing some corrupt monstrosity full of hidden corrupt deals to jam it down the throats of the American people against their will, it looks like Republicans are more than willing to be Bipartisan and support the President. Its doubtful that Obama will stop the attacks, but this shows how deceptive Obama is being!!!!!
Not only a good-looking man, a SMART one as well! Congratulations!!!
The guy is messing up our currency and our economy. Thank goodness the democrats are willing to sell their souls for their agenda.
great and he will do what the president wants him to do ( HIS JOBE ) :)
Apparently, the Senate believes that there is still more room for the Federal Reserve to grow.
What a bunch of dysfunctional 'tards.
Just wonderful – we are not loosing any criminals.
A vote of confidence or fear?
No surprise, just another waste of political capital knowing he would be confirmed.
well the repos finally found something they could vote on. whoopie!