- Listen for potentially market-moving phrases from Bernanke in the Fed’s first ever press conference at 2:15 p.m.
- There have already been a number of important questions proposed — most significantly about recovery and how to balance the employment-price stability dual mandate — but there’s also a lot of financial sector regulation (and new rule-writing) going on at the central bank.
- Why should revenues be 18% of GDP? No particular reason.
- The debt limit is not a static target.
- The worst violence in Syria may well be yet to come; don’t read too much into western sanctions.
- Haley Barbour didn’t pass on a presidential run, he lost.
- Fox News allegedly wants Huckabee to make up his mind already.
- And just asking if someone was born abroad plants the seed of doubt.
Morning Must Reads: Moving
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Obama’s Persuasive Powers on Gay Marriage Manifest in Maryland
When President Obama endorsed gay marriage earlier this month, the media grappled with two basic political questions: Was his personal “evolution” a case of a politician transparently following a national trend toward accepting same-sex unions (accelerated, perhaps, by his chatty number two), and would it hurt his re-election chances by alienating socially conservative voters like black churchgoers? Sure, there was a recognition that it marked a gratifying moment for gay marriage advocates—as well as some grumbling about the President’s view that it remains a state issue, not a federal one. But by and large, there were few suggestions that one man, even the President, would shift public opinion on the issue or affect public policy. Based on a new Public Policy Polling survey out of Maryland, it seems this possibility was underestimated.
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