A Very Strong reason Obama will Win (wonky, but powerful)

[cthulu2016]

The central bank also extended its pledge of super-low interest rates into 2015, and promised to keep ‘‘highly accommodative’’ monetary policy in place even after the economic recovery strengthens

Bernanke made a promise to the markets today.

1) The current low Fed rates will continue into 2015
2) Bernanke promises to not raise rates if a recovery gets started. Bernanke will permit some inflation to give a recovery room to run.

Here's the thing... Bernanke's term is up in early 2014. He cannot promise what the Fed will be doing after that point. The Fed cannot be bound to future policy action.

And Romney has vowed (more than once) to replace Bernanke.

So Bernanke's promise to the markets is inoperative if Romney wins.

This is what Joe Biden would call a big fucking deal.

[font size=3]A vote for Romney is now all but officially a vote for Higher Interest Rates.[/font size]

Not as spin, but as the kind of real policy assessment big money players make.

The late donations from Big Money interests will switch from 80% Romney to 50% Romney.

This won't play on the Evening News, but this is poison for Romney.

[phasma ex machina]

1. At first Myth said he'd fire Bernanke, then he did a Linda Blair head spin, and took it all back. nt

[cthulu2016]

2. Romney adviser Glenn Hubbard said Bernanke wasn't so bad, and Mitt

reiterated that he wanted a change in response to Hubbard's under-cut. (Funny, since Hubbard is the likeliest Romney pick for Fed Chair)

That was in late Auguest, and today Romney pretty much called Barnake nams so if anything has changed I haven't heard.

[phasma ex machina]

3. Then it seems that Myth's head spun all the way around to hate on Bernanke yet again.

(Hubbard's just Myth's beard for the old "he said, she said" bit.)