> 
> If you get these egg heads running things you end up with goofy
> policies that prevent financial destruction.
> 

To be fair.  The President is really part of fiscal policy.  The impact he
has on monetary policy pretty much ends after he appoints a Fed Chairman.
This is the way it was designed so the Fed Presidents can make policy
without partisan interests.  Remember when W praised Bernanke's first
decisions.  He was semi-crucified by financial reporters because it is
understood the President should neither applaud or boo (can't think of a
better term) decisions made by the Fed Chair because he his lack of
applause later may upset the markets.

W

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