FUBAR

Attack of the killer Cheneys

The headline on CNN was "Cheney Attacks!" Correspondent Tom Foreman commented that, "even in the bare- knuckle world of Washington these days, this was a remarkably sharp attack by the former vice president just weeks into President Obama’s term."

And how had the former vice president expressed his fabled bellicosity this time? In an interview with Politico.com, he warned that there is a "high probability" that, in the years ahead, terrorists will attempt to use a nuclear or biological weapon to mass-murder Americans.

For a little levity, turn to God

As a typical newspaper is full of doom and gloom, the point of my column — and perhaps I should have explained this earlier — is to attempt to lighten the general despair with fun and laughter, even on serious subjects.

Just last week, I wrote a stimulus-package column that provided laffs galore for those headed to the poorhouse. For some reason it didn’t go over very well.

From bad to worse in one day

On a single day filled with staggering sums, the Obama administration, Federal Reserve and Senate attacked the deepening economic crisis Tuesday with actions that could throw as much as $3 trillion more in government and private funds into the fight against frozen credit markets and rising joblessness.

"It’s gone deep. It’s gotten worse," President Barack Obama said of the recession at a campaign-style appearance in Fort Myers, Fla., where unemployment has reached double digits. "The situation we face could not be more serious."

When in doubt, blame Wall Street

President Barack Obama accused Wall Street of seeking an "easy" way out of the financial mire, after the announcement of his new industry rescue plan sent stocks dipping sharply.

Instead of a painless rebound for debt-laden banks, Obama promised more "tough love," peppering his remarks with populism as he toured a Florida city hard-hit by the mortgage crisis.

Bankers set to defend their actions

Bankers are set to appear before Congress today to defend a bailout package.

If Treasury Secretary Timothy Geithner could get an earful of skepticism over the government’s financial bailout plans, the nation’s top bankers can expect no less when they make their maiden voyage to Congress as recipients of the widely criticized funds.

Eight chief executives will slip behind a witness table in the Rayburn House Office Building on Wednesday morning to face a battery of questions about how they have used more than $160 billion in taxpayers’ money.

Is Geithner up to the job?

It was a tough sell for Timothy Geithner, and he looked it.

The new treasury secretary read from the teleprompter on his right. Then the one on his left. He hardly stood still or looked at his audience for more than a few moments during his big announcement on Tuesday.

Full throttle on economic woes

After fits and starts, the White House and Congress are moving on parallel tracks toward a new round of heavy intervention in the U.S. economy to try to brake a downturn President Barack Obama says has now grown into "a full-blown crisis."

Honest Abe and today’s pols

The Tom Daschle episode has this peculiar capacity: it manages to shock us, but not to surprise us. The shock is only momentary. How could a seasoned public official or his accountant — surely Daschle doesn’t do his own taxes — overlook owed taxes in an amount that represents several years’ pay for most of us?

Choosing between two Americas

Six years ago I wrote a book called "Uncle Sam’s Plantation." I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas. A poor America on socialism and a wealthy America on capitalism.

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

Bush paid too much for bailout

The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.

The Congressional Oversight Panel, in a report released Friday, said last year’s overpayments amounted to a taxpayer-financed $78 billion subsidy of the firms.