Tales from the Trail

Palin’s take on S&P downgrade

August 9, 2011

“Many commonsense Americans like myself  saw this day coming,” Sarah Palin says of the Standard & Poor’s downgrade of the U.S. credit rating and the fallout in the markets.

Washington Extra – Major breach

April 19, 2011

pentagonIn this post-9/11, ultra-high security era, it is hard to believe that the bomb-proofing specs of a new Defense Department building in the DC area would be on public view. Then again, the Internet is a tough beast to manage.

Washington Extra – Go figure

December 2, 2010

PHILIPPINES-ECONOMY/RESERVESIt seems slightly surreal to see a concerted attempt to rally support behind a radical plan to bring the U.S. budget deficit down to a manageable level, while at the same time Republicans and Democrats haggle over the extent of tax cuts which will achieve exactly the opposite.

Washington Extra – Chicken and ducks

December 1, 2010

USA-HEALTHCARE/The wrangling continues over the Bush-era tax cuts. President Barack Obama said he was confident Democrats and Republicans could break the deadlock and reach a deal soon. But with time running out, there is something of a game of chicken being played by the two sides. Each is watching to see who blinks first, and with the economy still struggling, both know the stakes are high.

Is deficit debate a new political dawn?

November 19, 2010

RTR2GF2D_Comp1-150x150RTR2GF2D_Comp-150x150Alan Simpson and Erskine Bowles think it may be a new day in American politics, one where politicans who hike taxes and alter Social Security stay in office.

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.

Obama handles China delicately

July 29, 2009

It’s too early to tell whether President Barack Obama’s new approach to China will be more successful than his predecessor’s. But this week’s high-level dialogue in Washington underlined how the balance of power is shifting. CHINA-USA/OBAMA