|This Is How The Media Presents Yellen|
In short, Bernanke, whether you liked his policies or not came across as the all knowing uncle who had your best interest at heart and projected himself as understanding the forces playing out. This led people to believe he had a handle on things and would guide us through what lay ahead. When a picture appears in the media Bernanke tended to appear in a thoughtful state, reassured and even a bit arrogant but in the end competent. An air of confidence helps to keep people following a leader and as Winston Churchill said "If you're going through hell, keep going." A recent article I read capsulized Yellen's message as "Don't worry be happy!"
It is beginning to appear the media has not extended such a generous public image to Ms. Yellen. Her general appearance falls short of what we have come to desire in a leader and her general demeanor is not awe inspiring. While this may seem unfair to her supporters little jabs at Yellen from many sources are creating the image of a less than inspirational force. I predict her lack of "fans" and strong supporters will undermine and erode Yellen's ability to carry out her role and garner cooperation in the future. Unlike, the pictures of a solid Ben Bernanke pictures in the media give the impression of Yellen being confrontational, clueless, or downright dowdy.
All of what I have written above sidesteps the issue of her policies but impacts her ability to verbalize and defend them. As expected it appears Janet Yellen has chosen to take us down the same the rabbit hole as Bernanke on a journey to prove that if we just continue doing what is not working, all will turn out fine. Caution, this path leads down, and down, and down, farther and deeper then most can ever imagine. If asked to critique "Old Yellar" now playing in theaters everywhere I would by way of the reasoning above have to give her the maximum two solid thumbs down.
Footnote; This post dovetails with many of my recent writings, as always other related articles may be found in my blog archive. Thanks for reading, your comments are encouraged. I hope this critique of Yellen is not viewed as being to harsh or personal, but this is how I call it. Remember Yellen is playing with our money in a unforgiving arena.