Just Another Day in the Senate

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


The LA Times reports on Ben Bernake’s confirmation hearings for a second term as Fed chairman:

Reflecting the antagonism Bernanke faces in Congress, Sen. Bernie Sanders of Vermont placed a hold on the Fed chief’s nomination late Wednesday.

The move by Sanders, an independent who caucuses with the Senate’s Democrats, isn’t expected to derail Bernanke’s confirmation.

Aside from my general dislike of the whole hold process, this is a pretty good example of a big specific problem with it: namely that I don’t think Sanders has even the slightest hope that his hold is genuinely going to keep Bernanke from being confirmed.  I mean, Paul Krugman and Dean Baker both favor his reappointment, for God’s sake.  So all this does is gum up the gears and force the Senate to spend time on Bernanke instead of the million other things it should be spending time on.

Alternatively, I suppose maybe Sanders is just using this to get leverage for something he wants.  I still think holds are a lousy way to do this, but I suppose some good could come out of it if it raises public awareness of the fact that the Fed is supposed to bear some responsibility for maintaining full employment, not just controlling inflation.  Unfortunately, it’s more likely to raise public awareness of cranky Ron Paul-esque Fed bashing, which doesn’t do anyone any good.  (Except for Ron Paul, of course.)  All in all, just another day in the Senate, the world’s worst legislative body.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate