Tales from the Trail

Washington Extra – Driver’s seat

February 1, 2012

The day the Congressional Budget Office forecast that the United States is headed for its fourth straight year with a $1 trillion-plus budget deficit, President Obama touted the benefits of big government spending.

Perry says stimulus didn’t create jobs; CBO says it did

September 13, 2011

Texas Governor Rick Perry, front-runner in the race for the Republican presidential nomination, said on Monday President Barack Obama’s  economic stimulus program  created “zero” jobs.

Washington Extra – Painful choices

September 21, 2010

When it comes to framing economic policy, it looks increasingly as though Republicans are winning the debate. Not only have they made “stimulus” almost a dirty word but there seems to be a growing feeling that deficit-financed spending is not a great way to pull the economy out of a recession.jobless Forget the conclusions of the bipartisan Congressional Budget Office about how the bailouts and stimulus of 2008 and 2009 saved millions of jobs. Forget the global consensus around the need for coordinated stimulus after the financial crisis. The American public is simply not convinced.

Washington Extra – swimming with the fishes

August 19, 2010

The U.S. economy continues to swim with the fishes – weekly unemployment claims are at a nine-month high and the director of the Congressional Budget Office says the unemployment rate won’t fall to around 5 percent until 2014. Not much in the way of economic sunshine today.

Washington economic indicator: political finger-pointing

August 19, 2010

How do you know the economy is souring?

One indicator that doesn’t come wrapped in a government report is political finger-pointing.

The First Draft: Bernanke, budget trump vacation – for a bit

August 25, 2009

OBAMA/Two days after arriving in Martha’s Vineyard, President Barack Obama is taking a break from his vacation to make some news: he will announce that he is nominating Ben Bernanke to a second term as chairman of the Federal Reserve.

First Draft: Obama courts Republicans on the Hill

January 27, 2009

For the second Tuesday in a row, President Barack Obama heads up to Capitol Hill. Last week it was to be inaugurated. Today it’s to woo Republican lawmakers and try to build momentum for the $825 stimulus package.