Cake or Death: Blair and Bush speed up troop withdrawal schedule

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Monday, May 22, 2006

Blair and Bush speed up troop withdrawal schedule

I dunno... I'm sure they've got good intel and the word of officers on the ground in Iraq to support a sped up schedule of withdrawal of troops, but it smells of political posturing... bringing troops home 4 months before an election.

Guardian - George Bush and Tony Blair are to discuss in Washington this week a programme of troop withdrawals from Iraq that will be much faster and more ambitious than originally planned.

In a phased pullout in which the two countries will act in tandem, Britain is to begin with a handover to Iraqi security forces in Muthanna province in July and the Americans will follow suit in Najaf, the Shia holy city.

Other withdrawals will quickly follow over the remainder of the year. Officials in both administrations hope that Britain's 8,000 forces in Iraq can be down to 5,000 by the end of the year and that the American forces will be reduced from 133,000 to about 100,000.

And if I think that sounds like vote pandering, you know the Democrats will hammer him for it. He better have talking points ready and generals by his side ready to back him up saying things are good on the ground, Iraqi security forces are ready, and they've been doing most of the heavy lifting in the area for "X" amount of time. Hopefully having a former member of the press in Tony Snow heading up press relations will help lead to a better prepared Dubya. He needs to have the full arsenal ready the first time. If he does what he has been doing, drawing the discussion out over weeks and months, letting the pundits get a hold of it and chew on it for weeks, he's going to get hammered in the polls. Again.

[ed. small syntax error corrected in my commentary above]

Link to me! Posted by jwookie : 4:57 PM

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