CHESSNOID

I don’t think the majority of Americans really supported his reappointment.  How can they when the economy we live in was partially created by Bernanke.  Now that Democrats realize Americans will vote them out, they are reacting to what may prevent them from getting re-elected themselves.

Is Bernanke done for video

Wall Street Journal:

Ben Bernanke faced ebbing support for a second term as Federal Reserve chairman as more senators adopted a populist, antibank stance even as the White House launched a public push to defend his candidacy.

The erosion of support crossed party lines. Two Democratic senators facing re-election in November, Barbara Boxer of California and Russ Feingold of Wisconsin, on Friday joined two Democrats and an independent who previously announced their opposition. Ten Republicans say they, too, will oppose Mr. Bernanke.

Alarmed that there might not be the 60 votes in the Senate needed to extend Mr. Bernanke’s term beyond its Jan. 31 expiration, the White House entered the fray publicly for the first time, with officials trying to win support among Democratic senators. President Barack Obama “has a great deal of confidence in what Chairman Bernanke did to bring our economy back from the brink,” deputy White House press secretary Bill Burton told reporters aboard Air Force One. “And he continues to think that he’s the best person for the job, and will be confirmed by the United States Senate.”

The prospect of a prolonged delay—and possible rejection—of Mr. Bernanke weighed on financial markets. “If there was a sense that Congress really wanted someone better, that would be one thing, but if this is for political theater, that’s particularly dangerous,” said Jason Trennert, chief investment strategist at Strategas Research Partners.