BUSH'S SECOND TERM

FED

Beside the war in Iraq, it appears that Bush's second term is about cronyism. He nominated the White House counsel to the Supreme Court and then he nominates his chief Economics Adviser to the Federal Reserve Board. Ben S. Bernanke must have had a crystal ball, because he sold his house and instead of returning to a tenured position as a professor at Princeton, he told friends that Bush would promote him to a high level Federal position.