Thursday, August 08, 2013

Dear Mr. President:

I really think it would be wise for all concerned: We the People, the banking system, the Democratic Party, the next president of the U.S. all of those who are and who will be running for the 2014 Congress and Senate slots in the Democratic and Independent parties, and of course, you, if you would support  Federal Reserve vice-chair Janet Yellen to replace  Ben Bernanke as Chairperson of the Federal Reserve.

I do not have millions of dollars to donate to anything; however, I am happy to  make my common sense available for your consideration. I could list 15 or 20 reasons for why supporting Janet Yellen would be good for the above named groups and yourself. And, good politics to boot.

Your political advisers who are frequently confused by bubble vision, are probably aware of some of them. However, I, who am virtually nobody, am aware of all of them, and if someone as non-existing in the "group of politically savvy people" as I am, know them, you can bet that I have lots and lots of company.

I will just mention two of the longish list. These two alone should be enlightening enough for you to see the sanity of the suggestion:

1. In the myriad eyes of those not confused by bubble vision, Larry Summers is seen as being a petty--although the sums in question are huge--crook. Stealing at any level is pretty demeaning of one's humanity.

2. Senator Elizabeth Warren thinks that Janet Yellen would be terrific in the role. There are many sound policy type arguments for this. I am certain that, as you probably already know, Senator Warren would be happy to help you out  on this. This Senator has demonstrated common sense on any number of occasions. Her vision is probably pretty clear on this issue.

You have, Mr. President, you have the myriad eyes and hearts of the people behind you. Nothing, really, can stop the engine of the people's will from being implemented.

You can do this!

lots of love

-tom