Tales from the Trail

The First Draft: Gripes and Goblins

Secretary of State Hillary Clinton griping about Pakistan while in Pakistan. PAKISTAN USA/

She says it was “hard to believe” that no one in Pakistan’s government knew where al Qaeda leaders were hiding. She talked about her tough talk in a series of morning television interviews, and said on CNN “trust is a two-way street.”

Top military brass coming over to the White House this afternoon. President Barack Obama meets with the military Joint Chiefs of Staff on Afghanistan and Pakistan this afternoon in the Situation Room (so you know it’s important).

Vice President Joe Biden and Defense Secretary Robert Gates are also down to attend the meeting where they are all expected to go over recommendations on troop strength and strategy.

No definitive word yet on when Obama will issue his decision on a new U.S. strategy on Afghanistan, so the waiting continues…

On the economic front, consumer spending fell in September and sentiment turned gloomier, underscoring the fragile nature of the economic recovery, while signs emerged that manufacturing activity may be picking up.

The First Draft: End of an era for GM

AUTOS/Even though it was expected, it was still a jolt: GM declared bankruptcy this morning, the third-largest bankruptcy filing in U.S. history and the biggest ever in U.S. manufacturing.

Unthinkable a decade ago, now General Motors is yet another casualty of the cratered U.S. economy, with taxpayers putting up $30 billion for a 60 percent stake in the company. The GM filing followed just hours after a bankruptcy judge approved the sale of virtually all of automaker Chrysler’s assets to a group led by Italy’s Fiat SpA.

Within minutes of the filing, the headlines were rocketing around the Web:
The Washington Post: “Filing Marks the End of Financial Independence for Industrial Icon”
The New York Times: “A Risky Bet to Save an Icon of American Capitalism”
The Drudge Report led its page with a photo of the GM logo under a U.S. flag, headlined: “Government Motors.”