When Ben Bernanke was first nominated to chair the Federal Reserve Bank in 2005 by George W. Bush, he declared that there was no housing bubble. Three years later, during an economic crisis caused by the housing bubble he did not foresee, Bernanke used over two trillion dollars of Federal Reserve money to bail out the banks that caused the crisis.
Bernanke has been nominated for another four-year term. Senator Bernie Sanders (I-VT) has taken extraordinary measures to try and stop him. Can you join our partners at the Progressive Change Campaign Committee (PCCC) to say "thank you" to Sen. Sanders for his courage?
Senator Sanders, thank you for standing up to Wall Street!
Bernanke's bailout has allowed banks to return to profitability, but the rest of the country still suffers from high unemployment. Even though the Fed's mission is to reduce unemployment, Bernanke says there is nothing can do to help. When asked what he thought Congress should do about unemployment, Bernanke recommended against a new jobs bill, but suggested cutting Social Security and Medicare instead.
To stop all of this, Sanders put a "hold" on Bernanke's confirmation. This hold will slow down the process by a few days, give the public more time to weigh in on Bernanke, force a debate on the Senate floor, and show Wall Street they can't buy every Seantor. You can say "thank you" to Bernie for his heroics here:
Get Bernie's back--sign the thank you letter!
When members of Congress make gutsy moves like these, they need to know the grassroots are backing them up. Organizations like Open Left and the PCCC are looking to deliver 20,000 "thank you" signatures to Senator Sanders by the end of the week. You can let Bernie Sanders know you have his back by joining the 8,000 people who have already signed the "thank you" letter:
Thank you Senator Sanders--we will keep fighting with you!
Chris Bowers, Openleft.com