Now It’s Boxer Opposing Bernanke

Things aren’t looking up for Ben Bernanke, nominated by President Obama for a second term as head of the Federal Reserve. Sen. Barbara Boxer (Calif.) has become the latest Democrat to announce her opposition, reports Ryan Grim at The Huffington Post.

“I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When the financial crisis hit in late 2008, he took some important steps to prevent what many economists believe could have been an even greater economic catastrophe,” said Boxer.

“However, it is time for a change — it is time for Main Street to have a champion at the Fed. Dr. Bernanke played a lead role in crafting the Bush administration’s economic policies, which led to the current economic crisis. Our next Federal Reserve Chairman must represent a clean break from the failed policies of the past.”