Tales from the Trail

Washington Extra – Shuffling the pack

September 9, 2010

cabinetWe hear the White House is not wildly pleased with former budget chief Peter Orszag for abandoning the party line on tax policy this week. Now Democrats in Congress are beginning to distance themselves from President Barack Obama’s push to let taxes rise for the wealthiest Americans. We are unlikely to see this resolved before the mid-terms anyway, and there are still several different ways this could pan out. One possible compromise would be a short extension of the tax cuts for the rich and a longer extension for the middle classes, keeping any crucial decisions as far away from the 2012 campaign season as possible.

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: Economy steadying?

August 27, 2009

Slowly but surely, more economists and experts are expressing some optimism about the economy, saying the worst might be over. New indicators released this morning support that sentiment.USA-UNEMPLOYMENT

The First Draft, Thursday, Dec. 11

December 11, 2008

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It’s a tale of two cities, Washington D.C. versus Chicago.
 
With President-elect Barack Obama holding frequent news conferences in Chicago to appoint members of his cabinet and lay out his plans for the future and President George W. Bush keeping a low profile in Washington, Americans could be forgiven for thinking they have a new executive capital.