It is beyond irritating to watch President Bush, Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke gift wrap their $700 billion early Christmas present for financially irresponsible bankers and the overleveraged borrowers who love them. These "three wise men" consider theirs the only method to stop the turmoil roiling trading desks from Gotham to Tokyo.
It was a true September Surprise. A calamitous financial crisis that not only toppled Wall Street’s corporate icons and sent global markets plummeting but may have given Barack Obama’s seemingly mired campaign the one thing he may never have secured on his own: Victory.
Americans strongly oppose giving the president more power at the expense of Congress or the courts, even to enhance national security or the economy, according to a new poll.
The Associated Press-National Constitution Center poll of views on the Constitution found people wary of governmental authority after years of controversy over the Bush administration’s expansion of executive power, and especially skeptical of increasing the president’s powers.
President Bush has secretly approved U.S. military raids inside anti-terror ally Pakistan, according to current and former U.S. officials.
President Bush might have been temped to announce a dramatic drawdown of U.S. troops as a way of declaring victory in Iraq as he is on his way out of office. Whatever happened next would be his successor’s headache.
President Bush plans to pull 8,000 more combat and support troops out of Iraq by February, a measured drawdown that will leave nearly the same level of U.S. forces in the war zone for the rest of the year.
Bush’s decision, to be delivered in a speech Tuesday, is perhaps his final stamp on the war that has defined his presidency. The scope and pace of the U.S. troop withdrawals are smaller than long anticipated, reflecting a desire by the military and the president not to jeopardize security gains in Iraq.
By the time the troops return home on the timeline Bush is proposing, someone else will be making the wartime decisions from the Oval Office.
The White House is missing as many as 225 days of e-mail dating back to 2003 and there is little if any likelihood a recovery effort will be completed by the time the Bush administration leaves office, according to an internal White House draft document obtained by The Associated Press.
The nine-page outline of the White House’s e-mail problems invites companies to bid on a project to recover the missing electronic messages.
President Bush is defending his line-in-the-sand approach to the fight against Islamic terrorism, following presidential rivals John McCain and Barack Obama in a speech to a major veterans group.
His address Wednesday in Orlando, Fla., was to highlight themes GOP hopeful McCain has been using to argue that he is better qualified to be commander in chief than Obama, the Democratic nominee-in-waiting.
Attorney General Michael Mukasey has decided to let bygones be bygones in the case of his predecessor’s top aides’ shameless attempt to politicize the Justice department.
The Bush Administration is almost history. The environmentalists among us were on the verge of conjuring mental images of the Administration heading off into the environmental netherworld. As close as they are to losing power and authority, the President’s anti-environment minions at the Interior Department felt compelled to pull yet one more harmful stunt.