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After naming his legal counsel, Harriet Miers, to the Supreme Court the president again stuck his thumb into the White House staff pie. The plum he pulled out this time was his economic adviser, Ben S. Bernanke. Bush promptly made him chairman of the Federal Reserve. The experts, however, thought this plum was tasty. The New York Times favorably compared the appointment to the John Roberts for chief justice gambit. In the Times story Harvard professor Kenneth Rogoff says, "The whole economics world is cheering about it." Evidently. The NASDAQ shot up 1.6% and the S&P 500 jumped 1.7%
Why would New York times say anything favorable towrds President Bush?