Only 21% favor Ben Bernanke’s Reappointment As Fed Chairman

WASHINGTON - JANUARY 17: Federal Reserve Board Chairman Ben Bernanke wipes his eyes during a hearing before the House Budget Committee January 17, 2008 on Capitol Hill in Washington, DC. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow. (Photo by Alex Wong/Getty Images)According to the latest Rasmussen poll, 41% of Americans think Obama should name someone new to the post and not Ben Bernanke. Only 21% of those polled think he should be reappointed. While Republicans are more strongly opposed to Bernanke’s reappointment than Democrats and adults not affiliated with either of the major parties, not all Democrats want him back. You have probably heard how “Democrat Socialist” Bernie Sanders of Vermont is even against Bernanke’s re-appointment.

Bernanke’s favorables continue to fall. Only 21% have at least a somewhat favorable view of the Fed chairman now, while 38% regard him unfavorably. His critics feel more strongly since 15% have a very unfavorable opinion of Bernanke, compared to three percent (3%) with a very favorable view. Forty percent (40%) don’t know enough about him to even venture a soft opinion, though.

Thirty-two percent (32%) still had a favorable view of Bernanke in June, a number that had held roughly steady since the Wall Street meltdown last fall. But his favorables fell six points to 26% in July.

Largely unchanged from the previous survey is the view Americans have of Bernanke in comparison to his predecessor as Fed chairman, Alan Greenspan. Seventeen percent (17%) say Bernanke has done a better job, but 44% think Greenspan was the better chairman. Thirty-nine percent (39%) are not sure.

Forty-one percent (41%) say the chairman of the Federal Reserve Board has too much power over the economy, but that’s down five points from 46% in June. Only seven percent (7%) say the Fed chairman doesn’t have enough power, while 29% say his level of power over the economy is about right. Twenty-two percent (22%) aren’t sure.

Whether the Fed chairman is too powerful or not, Americans remain skeptical about the Fed’s ability to keep inflation under control and interest rates down. Only 35% are at least somewhat confident in the Fed’s ability to maintain this kind of economic control, with eight percent (8%) who are very confident.

Fifty-six percent (56%) lack that confidence, with 35% who are not very confident and 21% who are not at all confident. These views have shifted little since mid-October.

Americans continue to be critical of another key player on the economic front, Treasury Secretary Timothy Geithner. Forty-two percent (42%) of Americans say Geithner has done a poor job handling the credit crisis and federal bailout programs. Twenty per


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December 17, 2009 · Filed Under General Politics

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One Response to “Only 21% favor Ben Bernanke’s Reappointment As Fed Chairman”

  1. Umi Jackson on December 18th, 2009 4:20 am

    I am sure that Obama appointed him as Fed Chairman.because he is very experiences and he do his responsibility very well.

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