January 28th, 2010
04:32 PM ET
12 years ago

Bernanke gets a second term

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/01/28/art.bernanke.0125.gi.jpg caption=" Fed Chairman Ben Bernanke was confirmed Thursday."]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.

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Filed under: Ben Bernanke
soundoff (24 Responses)
  1. JES

    One question why?

    January 28, 2010 04:35 pm at 4:35 pm |
  2. If you want something ruined, put a republican in charge

    Wow! Some republicans voted to give a republican a second term.

    January 28, 2010 04:38 pm at 4:38 pm |
  3. Steph

    Holy crap! There was a vote in the senate where more than 60 senators voted for something....Mark this date on your calendar!

    January 28, 2010 04:39 pm at 4:39 pm |
  4. Dominican mama 4 Obama

    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.

    January 28, 2010 04:47 pm at 4:47 pm |
  5. Doug

    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..

    January 28, 2010 04:52 pm at 4:52 pm |
  6. Larry

    I can't figure out what this clown does, other than collect a big paycheck for his complete incompetence.

    January 28, 2010 04:59 pm at 4:59 pm |
  7. billy123

    Another gift to Wall Street and Main Street gets nothing!

    January 28, 2010 05:10 pm at 5:10 pm |
  8. Jane/Seattle

    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

    January 28, 2010 05:17 pm at 5:17 pm |
  9. cph9680

    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.

    January 28, 2010 05:19 pm at 5:19 pm |
  10. Miriam

    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.

    January 28, 2010 05:19 pm at 5:19 pm |
  11. LacrosseMom(the real one)

    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!"

    January 28, 2010 05:24 pm at 5:24 pm |
  12. Scott, Tucson

    Nothing like rewarding failure is there.

    January 28, 2010 05:42 pm at 5:42 pm |
  13. Bush's Favorite Things: Blanky, Bikey & Nappy

    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.

    January 28, 2010 05:46 pm at 5:46 pm |
  14. Pamela, Twin Oaks, NV

    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?

    January 28, 2010 05:58 pm at 5:58 pm |
  15. Rick CT

    Right move

    January 28, 2010 06:00 pm at 6:00 pm |
  16. valwayne

    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!!!!!

    January 28, 2010 06:31 pm at 6:31 pm |
  17. LoveThyNeighbor

    Not only a good-looking man, a SMART one as well! Congratulations!!!

    January 28, 2010 06:47 pm at 6:47 pm |
  18. Personal responsibility, please.

    The guy is messing up our currency and our economy. Thank goodness the democrats are willing to sell their souls for their agenda.

    January 28, 2010 06:48 pm at 6:48 pm |
  19. gary davis harbor oregon

    great and he will do what the president wants him to do ( HIS JOBE ) 🙂

    January 28, 2010 06:52 pm at 6:52 pm |
  20. Slider

    Apparently, the Senate believes that there is still more room for the Federal Reserve to grow.

    What a bunch of dysfunctional 'tards.

    January 28, 2010 07:13 pm at 7:13 pm |
  21. annie against biased news

    Just wonderful – we are not loosing any criminals.

    January 28, 2010 07:13 pm at 7:13 pm |
  22. Mrs. S Callahan


    A vote of confidence or fear?

    January 28, 2010 07:22 pm at 7:22 pm |
  23. C. Farrell, Houston, Tx

    No surprise, just another waste of political capital knowing he would be confirmed.

    January 28, 2010 07:34 pm at 7:34 pm |
  24. m smith

    well the repos finally found something they could vote on. whoopie!

    January 28, 2010 08:19 pm at 8:19 pm |