Tales from the Trail

Washington Extra – No Regrets

August 18, 2010

President Barack Obama’s a pretty smart guy.

OBAMA/Coatless, the sleeves of his white shirt rolled up, microphone in hand, bottled water at the ready, he fielded questions for an hour from ordinary folk perched on picnic tables and settled into Adirondack chairs in the leafy backyard of Ohio natives Rhonda and Joe Weithman in Columbus.

Washington Extra – housing gloomy

August 16, 2010

Gloomy housing data today with home builders’ optimism hitting almost a 1-1/2 year low in August, which along with other recent economic reports suggests the slowdown continued in the third quarter. More to come tomorrow when July housing starts are reported at 8:30 a.m. Even if starts edge up a bit, the number to watch is building permits which are an indication of things to come. OBAMA/

Washington Extra – cautionary tale

August 13, 2010

President Barack Obama signed a $600 million bill to strengthen border security, and just to make sure the message got through, Homeland Security Secretary Janet Napolitano took the podium at today’s White House media briefing. Immigration has always been a tough political issue, and in an election year no great strides are expected on major reform before the November vote. “It cannot only be done by Democrats. The Republicans need to come to the table,” Napolitano said.

Washington Extra – Stormy weather on economic front

August 12, 2010

A new round of extremely violent thunderstorms rolled through Washington this morning and brought with it more stormy economic news. The latest hiccup to what President Barack Obama had hoped would be a “recovery summer” was the news that filings for unemployment benefits rose by 2,000 to a seasonally adjusted 484,000 in the week ended Aug. 7.

Washington Extra – In the heart of Texas

August 9, 2010

President Barack Obama took his attack on the economic policies of George W. Bush to his predecessor’s home state of Texas today, at a pair of Democratic fundraisers.

Washington Extra – Obama takes the wheel

July 30, 2010

Second quarter GDP data gave us more evidence that the recovery is slowing, with the pace of consumer spending easing. True, business spending picked up, but analysts said cash-flush companies were merely making up for ground lost during the recession. There was a big rise in inventories too, a worrying sign if businesses have too much stock in warehouses and on shelves, and people just aren’t buying.

Republicans turning up the heat on tax cuts

July 22, 2010

An election-year debate over tax cuts and deficits is heating up as Republicans press for extending all of President George W. Bush’s tax cuts and Democrats debate what to do against the backdrop of a slow economy, huge deficits and feared shellacking in the November congressional elections.

Driving Mr. Summers on financial regulation reform, G20

June 24, 2010

USA-SUMMERS/Larry Summers, a top economic adviser to President Barack Obama, is a realist when he says “people are imperfect and we have not seen the last misjudgment.”

Warren sees dark times if financial reform fails

February 25, 2010

USA/

Elizabeth Warren paints a disturbing picture of the realities facing the United States and the Obama administration as Americans claw their way clear of the worst recession since the 1930s.

Is the recession over? Obama’s advisers differ

December 13, 2009

Is the economic recession over in the United States? It depends on who you ask, even among President Barack Obama’s advisers.