09
Oct
13

Janet Yellen: Federal Reserve Chair

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President Barack Obama announces his nomination of economist Janet Yellen as Federal Reserve chairman as current chairman Ben Bernanke listens in the State Dining Room of the White House

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President Barack Obama listens as Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, speaks

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President Barack Obama stands with outgoing Federal Reserve Chairman Ben Bernanke and Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System

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President Barack Obama announces his nomination of Janet Yellen to head the Federal Reserve at the White House

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President Barack Obama (C) speaks during a press conference to nominate Janet Yellen to head the Federal Reserve as current Chairman of the Federal Reserve Ben Bernake stands by

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 President Barack Obama applauds after announcing his nomination of Janet Yellen to head the Federal Reserve

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President Barack Obama shakes hands with outgoing Fed Chair Ben Bernanke as he announces his nomination of Janet Yellen to head the Federal Reserve

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Janet Yellen smiles as President Barack Obama and current Chairman of the Federal Reserve Ben Bernake applaud her during a press conference to nominate Yellen to head the Federal Reserve

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President Barack Obama greets Janet Yellen after announcing her as his nomination to head the Federal Reserve

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President Barack Obama applauds after a press conference to nominate Janet Yellen to head the Federal Reserve with current Fed Chair Ben Bernanke in the State Dining Room at the White House

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91 Responses to “Janet Yellen: Federal Reserve Chair”


  1. 1 japa21
    October 9, 2013 at 4:53 pm

    • 2 carolyn
      October 9, 2013 at 5:08 pm

      Well, he’s including kids too, for instance my representative, James Lankford is on the list to go. He is pathetic. How he ever got to be an elected “leader” is beyond my comprehension. I write him ALL the time, and I know others who do too. If he’s there, this will be a pathetic event…..and Virginia Foxx!!! Boehner is sabotaging these “talks” by his choices.
      Lankford’s only qualification before he was elected, was that he supervised the Baptist conference youth camp in southern Oklahoma. He is a Bible banger who signs his constituent letters “In God We Trust” I have repeatedly asked him not to do that, but I doubt he ever sees my emails. The year he was elected, a large number of Republicans ran in the primary and there was a run off. One of the candidates was really hated, but had second most votes, so the two of them were in the runoff, and this idiot won.

      • 3 Anna
        October 9, 2013 at 5:27 pm

        Taking “Stupid” with him so he doesn’t look so stupid.

      • October 9, 2013 at 6:27 pm

        This is how Enzi is “handling” the #GOPshutdown (from two days ago):

        Just an excuse to continue collecting a paycheck while ignoring their bosses (their constituents).

  2. 5 debz
    October 9, 2013 at 4:54 pm

    Congratulations to Janet Yellen. I hope the senate doesn’t play games with her confirmation.

  3. 6 japa21
    October 9, 2013 at 4:54 pm

    Now, more in keeping with the post, I am not enough of an economic expert to know if she is a great choice or not, but PBO does not nominate slouches for any position so my assumption is yes, she is.

    Further proof will be all the outrage coming from the GOPers over the next couple days.

  4. 9 japa21
    October 9, 2013 at 5:00 pm

    • 10 vcprezofan2
      October 9, 2013 at 5:19 pm

      Okay, Japa, explain that 3/5 president ‘like the Constitution says’ for me. I am truly trying to understand some of the crazy things done supposedly as per the Constitution. I’m suddenly remembering that ‘watered with the blood of ‘ gun guy from a couple years back as I write this.

      • 11 Jovie
        October 9, 2013 at 5:26 pm

        Black people were originally thought of as 3/5ths of a person. To justify not giving them rights , like voting, etc.
        It also made White people feel superior , or at least that was the plan.
        It was the Framers fault we are in the position we are in today.
        They could have done something about that!!!

        • 12 vcprezofan2
          October 9, 2013 at 5:30 pm

          I knew that, but never gave a thought that the 3/5ths might be a part of the Constitution (still)! Good Lord!

          • 13 jacquelineoboomer
            October 9, 2013 at 5:40 pm

            From Wiki:

            As it is now:
            Following the Civil War and the abolition of slavery by the Thirteenth Amendment to the United States Constitution (1865), the three-fifths clause was rendered moot. Section 2 of the Fourteenth Amendment to the United States Constitution (1868) later superseded Article 1, Section 2, Clause 3. It specifically states that “Representatives shall be apportioned …counting the whole number of persons in each State, excluding Indians not taxed …”

            As it was (the awful truth part):
            The Three-Fifths Compromise was a compromise between Southern and Northern states reached during the Philadelphia Convention of 1787 in which three-fifths of the enumerated population of slaves would be counted for representation purposes regarding both the distribution of taxes and the apportionment of the members of the United States House of Representatives. It was proposed by delegates James Wilson and Roger Sherman.

            Delegates opposed to slavery generally wished to count only the free inhabitants of each state, but delegates supportive of slavery, on the other hand, generally wanted to count slaves in their actual numbers. Since slaves could not vote, slaveholders would thus have the benefit of increased representation in the House and the Electoral College. The final compromise of counting “all other persons” as only three-fifths of their actual numbers reduced the power of the slave states relative to the original proposals, but increased it over the northern position.

            The Three-Fifths Compromise is found in Article 1, Section 2, Paragraph 3 of the United States Constitution:
            Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.

          • 18 nathkatun7
            October 9, 2013 at 11:28 pm

            VC, the 3/5th clause was superseded by the 13th Amendment, which abolished slavery, and the 14th Amendment, which declared that “All persons born or naturalized in the United States…are citizens of the United States” who would not be denied “the privileges and immunities of” citizenship, “due process of law” and ” the equal protection of the laws.”.

        • 19 vcprezofan2
          October 9, 2013 at 5:30 pm

          Hi Jovie! 😀

        • 20 nathkatun7
          October 9, 2013 at 11:15 pm

          “Black people were originally thought of as 3/5ths of a person. To justify not giving them rights , like voting, etc.”

          Jovie, actually that’s not entirely accurate. Blacks who were slaves were considered to be 100% property and not persons. The 3/5th clause (Article I, Sect. 2, paragraph 3) had nothing to do with the status of Blacks. Rather, It was a compromise between Northern states that had, or were in the process of, abolishing slavery with the states that had had substantial slave populations. It was basically all about granting more Representation, in the U.S. House of Representatives, to slave states by allowing those states to count their slaves as 3/5 of population. For a few Blacks who were not slaves their status was ambiguous. Some states, and in particular the New England states, granted them certain citizenship rights like the right to vote and the right to own property, but still discriminated against them in almost all the other aspects of social life. Most states, North and South denied free Blacks basic citizenship rights, especially the right to vote. Then came the 1857 Supreme Court’s Dred Scott decision, which categorically declared that Blacks were not, and could not be, citizen of the United States because they belonged to an inferior race. As the Chief Justice at the time, Roger B. Taney, said: the descendants of Africans “were so far inferior that they had no rights which whites were bound to respect.” They were not even 3/5th of a person; they were practically non-persons.

  5. 21 Linda
    October 9, 2013 at 5:00 pm

    Janet Yellen’s husband is a Nobel Economics Winner.

  6. October 9, 2013 at 5:01 pm

    Congrats on 1st japa!!

    Great photos UT 🙂

    #FORWARD

  7. 24 hopefruit2
    October 9, 2013 at 5:07 pm

  8. 27 Linda
    October 9, 2013 at 5:09 pm

    Inevitable: Fox News Hires Dr. Ben Carson

    • 28 vcprezofan2
      October 9, 2013 at 5:24 pm

      So, he was auditioning at the prayer breakfast! Wonder why he needs another job – wouldn’t he already have made tons of money, enough to retire quietly away from the limelight?

      • 29 dotster3
        October 9, 2013 at 5:50 pm

        He’s got screws loose, and I think he believes God has called him to serve the religious extremist nutty nuts, to aid in the obstruction.

        • 30 vcprezofan2
          October 9, 2013 at 6:03 pm

          I wonder, Dotster, why is it wingnuts’ God never calls them to serve selflessly and with empathy?

          • 31 dotster3
            October 9, 2013 at 6:12 pm

            I wonder also why the more compassionate message never gets through with some of these people. Something’s amiss in their thinking skills or upbringing. They’re dangerous because they believe they are chosen, convinced themselves that they are right, everyone else is wrong, and they are doing God’s work. They are rigid and will not consider any other rational opinions or thoughts, will not allow them to enter their brains.

            • 32 vcprezofan2
              October 9, 2013 at 6:19 pm

              Seriously, they cannot allow rationality to enter their brains because IMO,

              a) they weren’t thinkers to begin with,
              b) they generally attend their brainwashing sessions regularly, and
              c) many NEED to have someone(s) to put down.

    • 33 anniebella
      October 9, 2013 at 5:51 pm

      Another liar

    • October 9, 2013 at 6:24 pm

      Ben Carson, another “happy-go-lucky” Darkie

      Enter Ben Carson…another one, just like the other one. And those same white Republican critics who pretended to embrace Herman Cain are now praising Dr. Carson. They are ecstatic not just to see a Black man express conservative ideas, but that he did so to the face of the Black Democratic president (he would never have been allowed to do so to a white president). So, Uncle Ben passed the first test of modern-day Republicanism with flying colors…he was rude, offensive and confrontational.

      http://thepoliticalpragmatic.blogspot.com/2013/04/ben-carson-another-happy-go-lucky-darkie.html

  9. 38 hopefruit2
    October 9, 2013 at 5:12 pm

  10. 39 hopefruit2
    October 9, 2013 at 5:13 pm

  11. October 9, 2013 at 5:14 pm

    Now this is cool!! Way to go @OFA

    • 41 whatisworking
      October 9, 2013 at 7:32 pm

      I participated in this – it was really easy. If you want to be invited to digital events like “taking over Boehner’s Facebook page” go to baracobama.com and sign up to join.

  12. October 9, 2013 at 5:14 pm

  13. October 9, 2013 at 5:15 pm

    During the impeachment of Bill Clinton, Republicans were pretty unpopular. After eight years of George W. Bush, same. But never in the history of Gallup polling has the party been more unpopular than it is right now.

    Image and video hosting by TinyPic

  14. October 9, 2013 at 5:17 pm

    Thanks to for this catch. He’s another frosh newbie in the House who has never held public office and wants to shut down govt and default.

    • 51 GGail
      October 9, 2013 at 7:04 pm

      meta, I just now had the time to read the editorial article. This is the kind of exposure that needs to be told by Scott Pelley on the Evening News where it will be heard by more people.
      How dare he be so crass!!!!

  15. 52 susanne
    October 9, 2013 at 5:32 pm

    pierce cuts into the toad:

    ‘ I mentioned earlier today that Paul Ryan, the zombie-eyed granny-starver from Wisconsin, had come out with an op-ed in The Wall Street Journal in which he postulated that the Reign Of The Morons could end if only we admitted that he and Mitt Romney really had won the election — and, therefore, the right to enact their economic plan — in 2012. I also speculated that there would be at least a few nominally sane people inside the Beltway who’d buy Ryan’s latest crock of beans as the act of a statesman.

    Step right up, my man Chuck Todd. And friends. ‘

    Read more: Chuck Todd End Of Shutdown Article – A Child’s Garden Of Politics – Esquire
    Follow us: @Esquiremag on Twitter | Esquire on Facebook
    Visit us at Esquire.com

  16. 54 susanne
    October 9, 2013 at 5:35 pm

    and this new piece from sam wang gives details on rethugs at risk:

    ‘ Representatives who benefited from the great partisan gerrymander of 2010 were given enough of an advantage to get into office narrowly. In a district designed to give Republicans a narrow advantage, Republican loyalists are likely to be spread thinly, with the balance of the needed votes being drawn from independents. Some of these independents might be more prone to anger about the current situation. These polls suggest that Republicans in those states might be particularly ripe targets for pressure. ‘

    http://election.princeton.edu/2013/10/09/partisan-gerrymanderings-hidden-burden/

  17. October 9, 2013 at 5:35 pm

    Our county mayor was just on the local news. He was ranting bigtime about the shutdown. Talked about women and children and how many are not getting food, formula, etc. Talked about the Smokies being closed and some people “po-po” that and say, “Oh, it’s just our parks.” He then explained how all the mom and pop businesses in Gatlinburg, Pigeon Forge and this whole area, for that matter are being devastated…..said this is their Christmas because of the large amount of traffic we get for the fall colors. Then he talked about Oak Ridge and how the people being affected are blue collar workers…..they’re not people who live in gated communities. He is REALLY angry. Yes, he’s a Republican and he did not call out the Republicans, but he is definitely upset and I’m sure, he knows it’s the GOP/TP who are responsible for this.

  18. October 9, 2013 at 5:45 pm

    Interesting email just arrived from DCCC Rapid Response:

    “Boehner must be in a panic.
    One of his staunchest allies, GOP Congressman Bill “Big Oil” Young just announced his retirement. This is BIG NEWS for three reasons:
    Congressman Young’s announcement comes just days after a new poll showing him LOSING his re-election race.
    This is a winnable race — President Obama won this district just last year.
    Young’s not the only one — there are 16 other House Republicans losing their races after the Republican government shutdown.
    The bottom line? This is a HUGE blow to Boehner’s Tea Party majority.”

  19. October 9, 2013 at 6:05 pm

    Chips & UT,
    I have a piece ready & parked in Drafts ready to go. Post it when you think it can go. Thanks

  20. 66 Ladyhawke
    October 9, 2013 at 6:07 pm

    Obama calls Boehner’s bluff; Boehner falls apart

    By Spandan C

    ————————————-

    The president invited 232 Republicans to talk. 18 are going to show up. That means that 214 members of the Republican conference in the House are either too afraid to talk to the president or being blocked by their leadership from doing exactly what they have been going all over the media saying they want to do, or some combination of both.

    What Boehner and Republicans mean when they go around hashtagging “#letstalk” is not that they want to actually talk. They don’t want to talk. They don’t want to talk if that talk is going to involve an explanation of the consequences of what they are doing. They want to extort the president into dismantling the American social safety net, of which the Affordable Care Act is now an integral part. They want to win at the point of a gun what they could not win at the ballot box.

    —————————————————————

    http://www.thepeoplesview.net/2013/10/obama-calls-boehners-bluff-boehner.html

    • 67 lulu
      October 9, 2013 at 6:25 pm

      Thanks for the link. I have a feeling that for the tea party republicans, “let’s talk” has the same meaning to them as “compromise” and “negotiation.” By which I mean that their interpretation of those words are completely divergent from the dictionary’s definition.

  21. 68 anniebella
    October 9, 2013 at 6:09 pm

    Why is it that Rev. Al keep having that Abby Huntsman on his show? I have to contact him and ask him that question.

  22. October 9, 2013 at 6:16 pm

    POTUS just finished 1 1/2 hour meeting with House Dems.

    Next he’s meeting with Senate Dems.

    SOLIDARITY.

    Tomorrow he meets with GOP 18.

  23. October 9, 2013 at 6:18 pm

    • 76 nospin
      October 9, 2013 at 6:57 pm

      Good for him. Not only no but hell no. they should know better than to part their lips and request such a stupid thing.

      It would never end.

  24. 77 lulu
    October 9, 2013 at 6:19 pm

    Yes, but will Obama ever invite Yellen to golf with him? 😉 /snark 😀

    IIRC a few weeks ago, a progressive contingency was insisting that Obama would never nominate Yellen… hmmm…

    Anyways, a sincere congrats to Janet Yellen.

  25. 78 globalcitizenlinda
    October 9, 2013 at 6:19 pm

    a few weeks ago, there was a report that the weeper of the house will not return as speaker.

    may be that is WHY he doesn’t care what anyone says or he is using the GOPshutdown to audition for a job with koch bros

    • 79 LDS
      October 9, 2013 at 8:08 pm

      Also, a few weeks ago there was not a GOP BS shutdown….but here we are!
      I bet she plays golf as well as she knows economics. It would be a welcome change.

      We all know “rich white privileged guys” when they were playing golf mean while they were making deals and call meetings to say and do what they could not say and do on record. Especially, when Blacks were not even allowed on the golf course.
      Our President ‘s character and integrity leads me to believe when he says, “let’s play gol”, he means just that.

  26. 80 dotster3
    October 9, 2013 at 6:21 pm

    OT, but now they’re telling us to not wash chicken? which I have always done. Why is there so much bacteria that cannot be washed off and a threat of salmonella in chicken and in our food supply? More and more every day, I think my vegetarian daughter has the better, smarter lifestyle.

    http://www.chicagotribune.com/news/chi-salmonella-chicken-20131009,0,7771173.story

    • October 9, 2013 at 6:28 pm

      Perhaps you didn’t see my comment the other day….went to the grocer and got in a conversation with the butchers and learned they were all vegetarians.

  27. 82 japa21
    October 9, 2013 at 6:31 pm

    Cesca, as usual, hits the nail on the had

    http://bobcesca.thedailybanter.com/blog-archives/2013/10/a-neo-confederacy-of-dunces.html

    A quick taste:

    To observe the Republican Party in its current form is to observe it wreaking revenge on a victorious Union and see the incarnation of the beating hearts and blackened souls of their antecedent oppressors; a seditious still-birth of a nation which lost its “right” to divide and enslave whole peoples, which lost the power to treat human beings as property, and which despite the wise stewardship that summoned better angels to beat it back, now walks among us to incite another uncivil war.

    And marshaling all but the truth in its efforts, the Republicans are willing to bring the temple of Democracy down on everyone’s heads, having parted ways with even their rebel progenitors in the area of honor and tradition, instead taking sides with their more colorful contemporaries: the jihadists they claim to despise, whose blood fetish and worship of chaos is more a function of ignorance and laziness than of passionate belief. Easy to die, easy to sow confusion, easy to shove a crowbar through the spokes of a spinning wheel.

  28. 83 lulu
    October 9, 2013 at 6:33 pm

    From the “liberal media”
    “If they had three years to get this ready, if they weren’t fully ready, they should accept the advice Republicans are giving them, delay it for a year, get it to work there are health insurance sites that work great,” Blitzer said. “If they didn’t get it ready in time, make sure to get it right.” – from Talking Points Memo

    /headsmack

    • 84 Ladyhawke
      October 9, 2013 at 6:43 pm

      I thought this was a great tweet from Greg Sargent this morning.

      Greg Sargent ‏@ThePlumLineGS 11h

      —————————————————————————–

      Nine days into Medicare’s enrollment in 1966 was just the time to judge how the program would fare in the five decades that followed

      —————————————————————————–

    • 85 globalcitizenlinda
      October 9, 2013 at 7:05 pm

      media pretending that other products launches are 100% glitch-free

  29. 86 globalcitizenlinda
    October 9, 2013 at 6:34 pm

    rubber-barons, railway road tycons etc once had huge power in the US until their financial power = political power was reduced;

    It clear a dismantling of ALEC and Koch Brother’s financial power is at the core of any effort to restore the ability of making ordinary people’s voices;

  30. October 9, 2013 at 6:36 pm

  31. 89 Ladyhawke
    October 9, 2013 at 6:47 pm

    The Unusual Suspect: The Surprising Koch Fueled Return of Edwin Meese

    By: Michael A Maynard

    http://www.politicususa.com/2013/10/09/unusual-suspect-surprising-koch-fueled-return-edwin-meese.html


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