Transportation
Analysis: Obama Keeps Bush Nominees In Top Posts
TOM RAUM
WASHINGTON (AP) — For all the GOP howling about Barack Obama radically steering the government to the left and leading the nation toward socialism, some of his major appointments are Republican men and women of the middle. In what may be the top two national posts in light of today's crises at home and abroad, Obama stuck with the picks of former President George W. Bush in reappointing Fed chief Ben Bernanke and Defense Secretary Robert Gates. Bernanke last week was given another four-year term to preside over nothing less than saving the U.S. economy and then keeping it strong. He was appointed by Bush in 2006 after a short stint as chairman of Bush's Council of Economic Advisers. Gates was kept in his Pentagon post to wind down the war in Iraq and build up the one in Afghanistan. The loss of Sen. Ted Kennedy to brain cancer led to a chorus of laments about the dearth of politicians these days able to reach across party lines. While Obama hasn't had much luck with the highly polarized Congress in building bipartisan support on legislation, he's reached out often to Republicans in filling key jobs.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
106.98
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |


Connect with TheStreet