Tales from the Trail

Bold budget boosts bailout

February 27, 2009

USA-OBAMA/How do you buy $750 billion of toxic bank assets with only $250 billion of taxpayer money?

Fed staff in trouble, but cited for raise, too

February 25, 2009

USA/It’s not just U.S. stocks that are on a roller coaster ride in reaction to congressional testimony by Federal Reserve Chairman Ben Bernanke and other top officials.

When is a housing crisis like venereal disease?

February 20, 2009

If you’re among those upset that your taxpayer dollars may be spent in volume to rescue people who — for whatever reason — can’t make their mortgage payments, Federal Financial Analytics analyst Karen Shaw Petrou recommends thinking about it this way:

White House lashes Santelli for CNBC “rant”

February 20, 2009

White House spokesman Robert Gibbs said on Friday that CNBC’s reporter Rick Santelli may not have taken a responsible view with his rant against President Barack Obama’s housing plan.

The First Draft: A Beauty Way to Go

February 19, 2009

Good day you hosers!

President Barack Obama takes off to the Great White North today on his first foreign jaunt as president. Trade will top the agenda in Ottawa as Obama seeks to ease concerns about protectionism. He’ll also discuss the war in Afghanistan and clean energy technology with Prime Minister Stephen Harper and the Canadian Parlaiment, but the one-day trip leaves little time to get into details. Too bad, eh?CANADA-MOUNTIES/

The First Draft, Tuesday, Dec. 9

December 9, 2008

HONGKONG/

 

Tis the season to be, er, generous with taxpayers’ money.

The White House and Democrats in Congress are busy putting the finishing touches¬†to a whopping $15 billion Christmas present for the U.S. auto industry. The two sides have been haggling for several days over the terms of the bailout to rescue the “Big Three” Detroit car manufacturers but are now reported to be close to agreement.