this is an adventure

“President Barack Obama goes to Wall Street Monday, the anniversary of Lehman Brothers’ collapse, to deliver a cautious victory speech. He will discuss the administration’s plans ‘to wind down government involvement in the financial sector,’ and will push for immediate action on regulatory changes needed to prevent future crises.” Read: massive regulation.

In his speech, POTUS said funds would come from “squeezing money out of Medicare, particularly by cutting payments to private insurance companies that cover some of the elderly via so-called Medicare Advantage plans,” and “new fees for insurance companies on their most generous health plans.” But no experts believe this is enough.

Kenneth Vogel asks, astutely, is the march today a movement: “whether the marchers reflect a small minority’s continuing anger over the more liberal direction the country began taking in the 2008 election or something deeper that could have repercussions in 2010 and 2012 is one of the questions the march may begin to answer.”

“The Reuters/University of Michigan preliminary index of consumer sentiment increased to 70.2 this month from 65.7 in August. The index was forecast to rise to 67.5, according to a Bloomberg survey of economists.” But: “Consumers may still be wary of increasing the spending that makes up 70 percent of the economy,” instead paying off debt, […]