Marketplace Scratch Pad

Morning Reading

Scott Jagow Aug 25, 2009

I didn’t hear anyone shouting four more years, four more years this morning, but maybe there was a silent cheer for Ben Bernanke. President Obama just nominated him to run the Federal Reserve for another term. Elsewhere, some things to get the juices going:

The President is piling up debt like nobody’s business (New York Post):

Even in an era when previously unheard-of amounts of money are tossed around in Washington with abandon, the administration’s admission that its plans will put the nation another $2 trillion deeper in debt sent tremors through the capital.

Just a year ago, a claim that a politician’s programs would double the national debt would have been an attack by his opponent. But under Obama, doubling the national debt has become a promise.

President Obama needs to move to the right, and fast (Wall Street Journal)

Why the government can’t control health care costs (Real Clear Markets)

What if Goldman Sachs had a town hall meeting? (Marketwatch)

Why the Fed should be given more power (Financial Times)

Advocates want homeless included in Medicaid (NPR)

Bank of America and the SEC blame the lawyers (New York Times) This is about the settlement concerning B of A’s takeover of Merrill Lynch. Both B of A and the SEC are telling the judge that an outside law firm is at fault for keeping Merrill’s bonus payments secret from B of A shareholders. Give me a break.

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