The Senate Banking Committee voted 16 to 7 to reconfirm Ben Bernanke today. That’s nothing to brag about, and with the reconfirmation vote now headed to the Senate floor, I think Bernanke could be in trouble. Over on my NRO blog, I write:
I’m going to bet that most of the 40 Republicans will vote against him, and that they will be joined by a number of Democrats. If Bernanke were to be opposed by as many as 35 or 40 votes, it would substantially undermine his credibility.
This leads me to wonder whether Helicopter Ben should withdraw his name. Read my full post here, and see if you agree.