Bernanke Timing Not an Accident

Worth Clicking: Blasts from the past wound Romney

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August 25, 2009

Bernanke Timing Not an Accident

Larry Sabato points out that today's reappointment of Ben Bernanke as Fed Chair was done today to cover the story about $2 trillion expansion of national debt. He notes "all White Houses have the power to cover bad news with good. This was a classic move and hardly seems accidental."

Tim Fernholtz: "To counteract the deficit news that otherwise would put CNBC and the markets in a huff, the White House is pushing ahead the Bernanke announcement, putting a little honey in the bad medicine. Bernanke is 'trusted' by the 'markets,' in the insane parlance of our times, and this should give them some confidence going forward."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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August 25, 2009