The fight to confirm Ben Bernanke for a second term as Chairman of the Federal Reserve has unfortunately exposed the true nature of Chris Dodd.
Publicly admitting that he was likely to lose if he ran again, because he was seen as being in bed with the worst actors in what Krugman calls the Great Recession, Dodd dropped out in favor of a Democrat who was likely to win.
Now that he’s freed from the restrictions of having to be re-elected, does he act purely on his own view of right and wrong?
Apparently he does.
In voting for Bernanke, the panel’s chairman, Sen. Christopher Dodd, D-Conn., said Bernanke’s “wise leadership” will mean “better days do lie ahead.”
Although Bernanke, 56, appears to have enough votes in the Senate to win a second term, six Republicans and one Democrat on the committee did line up against him. They blame him for not spotting problems that led to the financial crisis, failing to protect consumers and supporting Wall Street bailouts.
Even a stopped watch is right twice a day. It takes someone who’s given up to shill for the worst interests on his way out when he has nothing to lose. Dodd has stood for liberal causes lots of times, occasionally even when it mattered. Whiskey Tango Foxtrot?