In light of the immense strain that higher energy costs are imposing on the American people and threats to America posed by its dependence on foreign oil, there is no better time than now for President Bush to rally the nation into taking actions that result in an immediate and substantive impact on energy demand and hence energy prices.
President Bush praised Congress Friday for moving forward on a bill giving permitting government eavesdropping in the war on terrorism, saying "it will help our intelligence professionals learn enemies' plans for new attacks."
President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.
President George W. Bush will make an announcement on Wednesday about energy and call on Congress to pass legislation lifting a ban on offshore oil drilling, the White House said.
Skyrocketing oil and gas pump prices have become public enemy number one on the economics front, and politically priority number one out on the campaign trail. (Though neither Obama nor McCain have really connected with the public’s desire to drill and produce more oil as a way of getting gas prices down.)
I know Scott McClellan a little from covering the Bush White House. But like many who interacted with him far more closely than I did, I am quite surprised at the tone of his memoir. His indictment of the administration's "deception" in promoting the Iraq War echoes and validates commonplace criticisms from the political left.
President George W. Bush and Sen. John McCain went to bat on energy policy this week. And guess what? They both struck out. Bush went hat in hand to the Saudis to ask for more oil production in order to bring down world prices.
The U.S. economy is in a recession and stimulus from a government tax rebate later this quarter will only temporarily stem a fall in consumer spending, a Merrill Lynch economist said on Wednesday.
At left is an image of the press kit we received from Disneyland promoting the new Disney Pixar Toy Story Mania! attraction opening next month. We opened the box...and all we got were Mr. Potato Head's ears. Was he done in by the mob?
Before Democrats could even utter the words, “housing,” “rescue,” “FHA” or “predatory,” President Bush had already let the threat fly: “I will veto the bill that's moving through the House today if it makes it to my desk.” Nuff said, Sir.
As they traveled across Indiana and North Carolina over the last few days, trading charges and countercharges about the wisdom of suspending the federal gas tax for the summer, Senators Hillary Rodham Clinton and Barack Obama were really having a larger fight.
President George W. Bush may turn out to be the top economic forecaster in the country. About a month ago he told reporters, “We’re not in a recession, we’re in a slowdown.” At a White House news conference a few weeks later, despite the fact that reporters pressed him to use the “R” word, Mr. Bush refused.
The White House Correspondents Dinner, which I attended this past weekend, is one of the most unusual events I know. Where else do you find Condoleezza Rice and Pamela Anderson in the same room?
On the surface at least, giving drivers a summertime "holiday" on the 18.4 cent federal gasoline tax sounds like a good idea. Too bad the idea flunks Economics 101.
In his news conference today President Bush really didn’t get to the key point on soaring gas and food prices: The best short-term policy is to strengthen the dollar. Bring back King Dollar.
Let me not to the marriage of true minds admit impediments, I always say (ok, you know I didn't say it), but this one boggles the mind. As House Financial Services Committee Chairman Barney Frank was launching unveiled threats to lenders today that they'd better write down the value of troubled loans or face stiff regulation in the future...
U.S. President George W. Bush set the stage for a clash at his final NATO summit on Wednesday by pressing reluctant west European allies to set former Soviet republics Georgia and Ukraine on a path to membership.
Treasury man Henry Paulson’s ideas to remodel the regulatory system governing financial markets are dominating the headlines today. But there may be a bigger story coming down the road, one that is of much greater immediate significance to economic policy.
I realize today all the headlines are about the Paulson plan to re-regulate the nation’s financial systems in order to prevent the current credit crisis brought on by the recent housing boom. But that’s all about the future.
Treasury Secretary Henry Paulson announced the biggest overhaul of financial regulation since the Great Depression. But the sweeping plan is already drawing intense criticism.