The Whole Delivery

Amazing how they could get a vote so fast for Mr. Bernanke but now on health....well, we know the deal. A little surprising is how definitive the voting for his renomination has been. At least 70 votes for the man who played a part in our economy almost going six feet under. Just last Friday, his nomination seemed to hang in the balance. Now, he is drinking some good lemonade, as 77-23 is the cloture total for his renomination . And 70-30 is the final total overall . David Dayen with the overall numbers UPDATE IV: Dorgan, Harkin, Boxer, Kaufman, Whitehouse all just voted no on the final vote after voting yes on cloture. It just shows the asymmetrical warfare of the filibuster, and why it must be eliminated. UPDATE V: The final vote was 70-30. Seven members flipped their vote. Bernanke gets his second term.

Photo chart from BBC.com I thought the bailout was going to solve everything in at least the financial sector, huh Henry Paulson and Ben Bernake, huh, HUH? Wall Street plunged more than 5% on Wednesday to its lowest level in over five years on rising economic worries. October consumer prices fell 1% on the month before - the biggest such fall in 61 years, which has reinforced fears of rapid slowdown. Adding to the gloom, the US Federal Reserve slashed its economic growth forecasts for 2009. And what are those pre-year numbers looking like heading into joyous, HAPPY, Holiday time? The Fed is expected to cut its key interest rate to 0.5% in December - it cut rates twice in October to 1%. Do you see that chart at the top. Lovely, isn't it? I thought that chart wasn't going to be the case, or at least that was suppose to be the case of a $700 billion bailout of tax payers money to take on those troubled assets. Instead, we get the same dishonest time and time again. The Dow hit a ...