Economists: Bernanke ended the recession, should keep his job


According to a survey excerpted in Wednesday's The Wall Street Journal, a majority of economists now believe that Ben Bernanke's stimulus policies were successful and they want him to stay. The consensus is that the recession that began in December 2007 is now over. Most of Bernanke's term, which began in 2006, has been spent battling the recession.

Economists believe that there is currently a break in the economic downturn and, according to the survey, most revised their forecasts upward. Twenty-seven said that the recession had ended and 11 predicted a trough this month or next. GDP is expected to go up in the third quarter by 2.4 percent, spurred partially by strong demand thanks to the "cash for clunkers" car-rebate program.