Donald Duck for Fed Chair?
Robert Prather worries that the Miers nomination could be a bad sign of things to come:
Since President Bush is the genius that chose a poorly credentialed crony to sit on the Supreme Court, how can we trust him to choose an adequate replacement for Alan Greenspan? Chairman of the Fed has an even larger day-to-day impact on our lives. IÃ¢€™m getting nervous now. He needs the economics equivalent of a John Roberts, someone who inspires trust. The more I think about it the more nervous I get. We could end up with Donald Duck chairing the Fed.
If Donald Duck would refrain from trying to put buying a home out of reach of tens of thousands of Americans, bankrupting thousands of others and generally pontificating on matters not directly related to the monetary policy, he would be a vast improvement over what we’ve had lately.
Moreover, these issues are precisely why the Framers required Senate approval for nominees to major positions. I like George Bush, voted for him twice, and would, despite my constant exasperation with his policies, vote for him over Al Gore or John Kerry right now if given the opportunity. I voted for him for president, though, not potentate. The Senate is supposed to be a deliberative body to check the impulses of the executive. In the case of Meirs and a potential Greenspan replacement, I should hope they would take that charge seriously.