Quote:
Originally Posted by oklavol  You asked does the President have any say over the Chairman. Well he picked him what would you think? The President can replace him in 4 years if he wins re-election, and is not satisfied with how he is doing his job. |
I'll take that then this is the full extent of your knowledge of how the Federal Reserve System works.
Since 1979 we have had three Fed chairmen; Volker, Greenspan and Bernanke, we have had five presidents during that same period; Carter, Reagan, Bush I, Clinton and Bush II.
Perhaps you could elaborate on how everything is Bush's fault just because he tried to lead the American people into becoming more of an "ownership" society???
I would call your posts sophomoric but that would be giving you far too much credit.