Aug 272009

I tend to doubt it.

WSJ headline: “Calm in Crisis Won Fed Job.”

Another possibility is that anyone Obama knows would be even worse. Or maybe he thinks Bernanke is sufficiently maleable. But one thing Obama certainly didn’t value at the time was “calm in crisis.” He was trying to stir up our fears so he could get the big stimulus spending package passed. He has an aide who thinks a crisis is not something to be wasted. It isn’t likely that our President all of a sudden got religion and decided that calmness is good, after all. If that’s what he really wanted, he could try firing Rahm Emmanuel.