Chelsea Green Publishing

Chelsea Green Blog

VT Senator Bernie Sanders Statement on the Bernanke Nomination

The Fed was asleep at the wheel as our country skidded off the highway and into the trough that’s come to be known as the Great Recession. The government—meaning the George W. Bush administration as well as the current one—then rewarded the huge corporations whose financial schemes and gambling got us into this mess in the first place by giving them few-strings-attached-bailouts and virtually no regulation or oversight: a dangerous return to the status quo.

To paraphrase a former President: Heck of a job, Bernanke!

Well, one Independent Senator isn’t happy. VT Senator Bernie Sanders blasted out this press release chastising the administration for continuing to choose someone who puts the interests of giant corporations above the interests of the working class.

BURLINGTON, Vt. – Aug. 25 – Sen. Bernie Sanders (I-Vt.) today issued the following statement on the nomination of Ben S. Bernanke for another term as chairman of the Federal Reserve:

“As a result of the greed, irresponsibility and illegal behavior of Wall Street our country has experienced the worst economic decline since the Great Depression. Mr. Bernanke was head of the Fed and the nation’s chief economist as this crisis, driven by reckless speculation, developed. Tragically, like the rest of the Bush administration, he was asleep at the wheel during this period and did nothing to move our financial system onto safer grounds.

“As the middle class of this country continues to shrink, we need a chairman of the Federal Reserve who is more concerned about expanding the productive economy – increasing decent-paying jobs for all Americans – than continuing to fan the flames of Wall Street greed and outrageous compensation packages.”

Well said, Senator Sanders.

 

Related Articles:


BORN ON THIRD BASE author, Chuck Collins, to be interviewed by Bernie Sanders

On Tuesday, October 3rd at 11:30 a.m. EST, check out Facebook.com/SenatorSanders for a special Facebook Live event with Senator Bernie Sanders and Chuck Collins, Institute for Policy Studies, author of Born on Third Base, co-editor of Inequality.org. In case you miss the live broadcast, you can watch the replay on the Facebook event page. In […] Read More

Q&A with Kate Raworth about her radical new book, DOUGHNUT ECONOMICS

Q: First things first: Why did you want to write this book? A: I studied economics at university 25 years ago because I wanted to make a difference in the world and believed that economics – the mother tongue of public policy – would best equip me to do that. Instead, its theories left me […] Read More

Revisiting Naomi Wolf’s Call to Patriots–10 Years Later

Reading Naomi Wolf’s book The End of America: Letter of Warning to a Young Patriot today is an eerie experience. Written in 2007, it detailed the ways in which the Bush administration was beginning to chip away at the freedoms of American citizens. It outlined the ten steps dictators or would-be dictators take when their […] Read More

Yes, America We Can Make It … Really

Uncertainty got you down? The political world may seem like it’s crumbling around us, but this we know: We can make it, America. Literally, we can make things. Houses. Gardens. Food. Below we’ve selected some of our classic how-to and DIY books (and some new favorites) to help you sustain your self, family, and community. […] Read More

Chelsea Green on Instagram: Our Most Popular Photos of 2016

What a year for Chelsea Green on Instagram! We began the year with 500 followers and are now fast approaching 4,000 photo-loving brewers, gardeners, cheesemakers, permaculturists, foodies, seed-savers, homesteaders, foragers, and more. Our most popular posts of 2016 say a lot about what makes you happy: mushrooms, innovative garden designs and techniques, tiny cabins, and […] Read More
+1
Tweet
Share
Share
Pin