Sanders Seeks to Block Bernanke

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December 03, 2009

Sanders Seeks to Block Bernanke

Sen. Bernie Sanders (I-VT) will place a hold on the renomination of Ben Bernanke as Chairman of the Federal Reserve, according to the New York Times. Under Senate rules, lawmakers would need 60 votes to override Sanders and proceed with a vote.

Though Bernanke is not in serious danger of losing his post, Sanders is voicing his opposition to what he feels are burdensome corporate bailouts that have ignored the struggles of regular people.

Bernanke's confirmation hearing before the Senate Banking Committee is later today.

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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December 03, 2009