While I was home I picked up the book In Fed We Trust which details the banking crisis. It's not exactly a page turner but it's very interesting to a political econ geek like me. I read the majority of it on my trip back.
The book reinforces my long held belief that Bush's appointing Bernanke was the single best decision he made in his eight year term. The book chronicles mistake after mistake made by Bernanke. Unlike the guy who appointed him, when Bernanke realized he made a mistake he changed course immediately.
No matter how bad things are now, I am convinced they would be far worse if it were not for Bernanke at the helm.
He deserves a second term and I don't think Obama really had any choice but to reappoint him.
So that makes Bush 1 for...
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