Bernanke to Stay; WH Revises its Numbers

     Taking a few moments from his vacation on Martha’s Vineyard, President Barack Obama has announced that he has tapped Bem=n Bernanke to the next term as the Chariman of the Federal Reserve. He is pinning much of his economic hopes on the Republican Bernanke, not just on economics, but as a “bipartisan” peace offering. Many had speculated that Obama would turn to his close ally and advisor Larry Summers as Bernanke’s term neared its end this January. Instead, the Obama team thinks that the continuity of Bernanke remaining will ease some of the market trepidations on Wall Street.

See the story at: http://news.yahoo.com/s/ap/20090825/ap_on_go_pr_wh/us_bernanke;_ylt=AmWDU4erllWuFte0xlrou32s0NUE;_ylu=X3oDMTJwYzJhdm0wBGFzc2V0A2FwLzIwMDkwODI1L3VzX2Jlcm5hbmtlBGNwb3MDMQRwb3MDMgRwdANob21lX2Nva2UEc2VjA3luX3RvcF9zdG9yeQRzbGsDb2JhbWFicmVha3N2

Meanwhile, back in Washington, the WH Budget Director has revised the WH numbers, on GDP, unemployment, the deficit, reflecting that the Obama administration had issued statements that were not fully researched, and giving pause to the ObamaCare figures that have been touted thus far.

For story: http://news.yahoo.com/s/ap/20090825/ap_on_go_pr_wh/us_obama_economy;_ylt=ArfthSAGe7LwlScciSL1QpSs0NUE;_ylu=X3oDMTMydGtiNnQ3BGFzc2V0A2FwLzIwMDkwODI1L3VzX29iYW1hX2Vjb25vbXkEY3BvcwM0BHBvcwMxBHB0A2hvbWVfY29rZQRzZWMDeW5faGVhZGxpbmVfbGlzdARzbGsDd2hpdGVob3VzZXBy