Tales from the Trail

The First Draft: More pain ahead

February 20, 2009

Guess what? The economy is still in terrible shape.MARKETS-STOCKS/

The Dow Jones Industrial average plunged to its lowest level in six years yesterday, and all signs point to another lousy day on Wall Street today.

First Draft: bad, add, mad

February 18, 2009

Mortgages gone bad, auto industry seeking an add, and a chimpanzee gone mad starting off the day.

Obama family heads for first trip to presidential retreat

February 7, 2009

In another first for the new First Family, President Barack Obama and his brood left the White House on Saturday for a helicopter trip to Camp David, the presidential retreat outside Washington.

First Draft: cooling off

February 3, 2009

Let it snow. Why should London have all the fun? Washington weather calls for a few inches, just enough for a snowball fight for hearty Midwesterners like President Barack Obama.

Nothing lost in translation on Biden dig

January 30, 2009

WASHINGTON – Vice President Joe Biden promised a “fully transparent” task force to help the middle class. So why is the audience laughing?

First Draft: Spinning

January 30, 2009

WASHINGTON – Lots of spinning going on.

Morning TV shows had footage of a spinning shark twirling out of the water and a spinning small plane blown about by the wind upon landing. And sports fans looking forward to the spinning football at Sunday’s Super Bowl.

Club for Growth warns against stimulus vote

January 27, 2009

Beware any Republican who might fall for President Barack Obama’s sales pitch Tuesday for his $825 billion economic stimulus plan. A vote for the legislation will disqualify you from receiving the Club for Growth’s “Defender of Economic Freedom” award. 

Contraceptives not the kind of stimulus Boehner can believe in

January 24, 2009

WASHINGTON – Barack Obama’s $825 billion plan to boost the recession-bound U.S. economy has some elements that, well, aren’t the sort of USAstimulus that House Minority Leader John Boehner says he can believe in.
 
“I’m concerned about the size of the package, and I’m concerned about some of the spending that’s in there,” Boehner complained Friday after a meeting at White House.
 
“How can you spend hundreds of millions of dollars on contraceptives? How does that stimulate the economy?”
 
Hundreds of millions of dollars on contraceptives?
 
The Ohio congressman’s office explains. One proposal included in the stimulus package would expand Medicaid family planning services to all 50 states.
 
The proposal would enable people who don’t qualify for Medicaid to receive the family planning services, including contraceptives.
 
“Whether or not you think that is good public policy, it has nothing to do with an economic stimulus,” a spokesman for Boehner said.
 
For more Reuters political news, click here.

from Global Investing:

The end of the Bush stock market

January 16, 2009

Today marks the end of the Bush stock market.

He has presided over the evisceration of more than $4.6 trillion of U.S. stock market wealth as measured by the S&P 500.

The First Draft, Wednesday Dec. 31

December 31, 2008

Happy New Year. It was a great political year. But most folks with a 401K retirement account and a mortgage will be glad to bid farewell to 2008 and ring in 2009 with a feeling of optimism that is natural with the start of a new year.