Forget The Candidates, Unelected Officials Take Economic Center Stage

Step aside Clinton, Obama, and McCain. Make way for Bernanke, Paulson, and Geithner.

In an election year in which the public and the news media have been focused on the presidential contenders, the crisis playing out in the financial markets is a reminder that for the time being, the most consequential decision-makers are unelected officials.

Despite the hoopla about the November election, the next president's limited options will be determined largely by three unelected men: Federal Reserve Board chairman Ben Bernanke, Treasury Secretary Henry Paulson, and Timothy Geithner.

Not a household name, Geithner is a central player in this drama in his role as president of the Federal Reserve Bank of New York, the clearinghouse for the investment houses and banks that lubricate the economy.

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Comments

[speakingtruth2power]

Another 400 point gain resulting from a quick fix and just like last week,

we'll be headed downhill soon again, just where the Bushies want US.

The collapse of the dollar will give rise to the Amero as we bring Mexico

and Canada into the virtual reality of the Norte American Fascist Union.

[joebhed]

ALL of the non-elected members of the Federal Reserve Bank and its branches are the despots who have brought you the Great American Ruin of '08.
We deserve it for allowing it to happen.
The interesting aspect is that when these movers and shakers among the monied interests, who insist on the unregulated freedom of the invisible hand, really screw things up, then we the people turn to our elected leaders to "DO SOMETHING".
Irony here.
Why do we not turn to our elected leaders in the Congress to run the nation's monetary system in the first place?
ONLY the Congress shall have the power to create money, to regulate the value thereof(manage inflation, etc.) and of foreign coin (exchange rates)
Only the Congress.
So, we the people MUST turn to the Congress for any help.
We cannot call up our member of the FED an ask for anything.
Or any member of the invisible-hand monied cartel.
We need to establish the publicly controlled monetary system that is called for in the U.S. Constitution if we are ever to be in a preventative mode from these cabal-istic drones.
We are all responsible for all of the debts that are created in this country.
As Baron deRothschild said after we won the Revolution.
"Allow me to make the money, and I care not who makes the laws."
The folks like the Baron make the money.
The folks like the candidates make the laws.
Do something.
Restore the Constitutional right of Americans to control their own economy.
Throw these money changers out of our American economic temple.
The sovereign United States Central Bank.
The Congressional Joint Committee on Currency and Monetary Policy.
Either that or they will turn our economic future over to the World Bank and the IMF, cutting out this right that we have to public money.
Put the bankers to work for us, rather than the other way around.

[Stormy10]

Economy & Oil prices;

Beware!!!!!!

A family will spend a 1/3rd of the pay check on fuel just driving to the shopping areas, work, medical, and schools; like the “OIL Companies” need more PROFIT.

To make the ECONOMY affluent again;

1. The fuel prices need to around $2.00 @ the pump; after all we are MOBILE Society.

2. Make the Stimulus Pack, tax free, come next year you have a problem again.

3. Regulate the percentage of manufacturing that a Company can Out Source to Foreign Venders.

4. When a commodity becomes necessary and dependent to conduct “every day business” it
then is normally deemed a necessity or UTILITY, why not make the Oil Companies a
UTILITY?
A regulated UTILITY with a reasonable profit margin, not 200%.
This is one of the major factors killing our ECONOMY!!!!!

[dadw5boys]

Bernanke, Paulson, and Geithner the true power in America.

Of course the rest of the Federal Reserve Board is kept secret from the world.