Tales from the Trail

Cleveland was no accident, Gibbs confirms

September 7, 2010

White House Press Secretary Robert Gibbs confirmed what had been suspected.

USA/OBAMAThere was a reason for choosing Cleveland as the venue for President Barack Obama’s economy speech on Wednesday and his name is John Boehner — the man who would likely be House Speaker if Republicans oust the Democrats from control on Nov. 2.

Washington Extra – pain relief

September 3, 2010

Just a few quick thoughts ahead of the Labor Day weekend. President Barack Obama plans to unveil a package of measures to stimulate hiring and the economy next week, although we are assured this will absolutely not be a second stimulus. I guess that means it won’t have a major price tag attached, in terms of its effect on the deficit. But you also have to wonder how much effect it will have on the economy, even if Obama manages to get any of it through Congress. BAYER

It was just a game of golf!

September 3, 2010

Ever since he played golf with President Barack Obama last week, New York newspapers have been rife with speculation that Mayor Michael Bloomberg is being wooed by the administration to replace Timothy Geithner as Treasury Secretary. 

Obama to push message on economy, hold news conference

September 2, 2010

Washington pundits questioned President Barack Obama’s decision to devote so much time this week to foreign policy with his Iraq speech on Tuesday and his foray on Wednesday into Middle East peacemaking at a time when Americans are preoccupied with the economy.

Rough spots for Obama on the economic…. statement

August 30, 2010

USA-ECONOMY/

Things were looking good for President Barack Obama’s statement on the U.S. economy in the White House Rose Garden: the sun was shining in a bright blue late-August sky.

Washington Extra – Just Keep Smiling

August 30, 2010

bernanke1In the past few days we have seen the president and the chairman of the Federal Reserve both standing up and insisting they had more cards at their disposal to rescue the faltering American economy. In truth, though, both men look like they are holding weak hands, and are reduced, for the time being, to putting a brave face on things.

Laura Bush says every president faces unfair criticism

August 27, 2010

Former first lady Laura Bush says every president is unfairly criticized and it comes from both friends and foes.

Washington Extra – Slipping poll numbers

August 24, 2010

It’s more bad news for President Barack Obama with the release of our latest Reuters/Ipsos national poll today. The headline number is that, for the first time since he took office, more Americans now disapprove of his performance than approve. After a long period where his approval rating was stable at just over 50 percent, the last three months have seen a steady deterioration, matching the economy’s faltering performance.
obama_poll
Just like Ronald Reagan in 1982, Obama’s mid-term poll ratings are suffering from the economy’s woes. Faith in Obama’s ability to tackle the crisis was a key factor that swung the presidential race his way in 2008, but his performance on the economy is fast becoming his Achilles heel in the face of a concerted Republican assault. As Ipsos pollster Cliff Young told us, many voters had long been giving Obama the benefit of the doubt, but now patience has “basically vanished.”

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.