Bernanke is back! by Barbora Misakova

We are just ridiculous. When we get something, we are not satisfied, but when someone takes it from us, we are satisfied neither. People around the world are the same and this kind of fickleness is in every sphere of their lives. It doesn’t refer only to their privacy or carrier but also to politics and economy which influence two previous spheres. Most of us have a chance to choose our own president, but when we do so, we are so disappointed and unsatisfied in a very short time after election. During his administration we are complaining, but as soon as he is gone and new one is on turn, we want him back. Ben Bernanke could talk about these manners. One year ago he w! as under a siege because of some unprecedented actions he was taking as chairman of the Federal Reserve. Now, when Barack Obama wants to reappoint him to a second term on this position, Bernanke is receiving heaps of praise. Many economists believe that Bernanke has the best conditions for lowering the unemployment rate and reducing joblessness. Also people from Wall Street and academic circles are convinced that Bernanke will lead USA into a sustainable recovery. His past actions are bearing fruit – the economy is emerging out of a recession and it seems it is poised for growth. Bernanke will be nominated for another term on Tuesday and president Obama will make the announcement on Martha’s Vineyard, where he is vacationing. Only time will show, if this step was a good one. But I can tell you now, that people will start grumbling soon again. It is in their nature.

related story (sgx15212): http://news.yahoo.com/s/ap/20090825/ap_on_go_pr_wh/us_bernan...

by Barbora Misakova for PocketNews (http://pocketnews.tv)

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