Tag Archives: president

Bernanke to Washington: Do something helpful

Federal Reserve Chairman Ben Bernanke today called on Congress and the President to take Jackson hole.jpgthe lead in boosting the economy.

The chairman’s much anticipated message to Washington was clear: set aside short-term political interests and do something helpful for a change.

In a fit of optimisim, investors responded favorably. The Dow, Nasdaq and S&P 500 were all up in afternoon trading.

The $4 trillion question is whether the pols will take Ben’s message to heart. Given the current tone of the presidential primary campaign, that seems unlikely. I hope I’m wrong and the pols can agree on a plan to light a fire under the economy. 

Photo: Federal Reserve chairman Paul Bernanke, right, and Jean-Claude Trichet, of France, president of the European Central Bank, take a morning stroll on the veranda of the Jackson Lake Lodge, before the morning session of the Economic Policy Symposium at Jackson Hole in Moran, Wyo., Friday, Aug. 26, 2011. (AP Photo/Reed Saxon)

Alcoa CEO: Spending cuts, revenue increase both needed

A long-term solution to the federal budget deficit must include spending cuts and increased
032610alcoa9_mc12884.JPG revenue,  Alcoa Inc. Chairman and CEO Klaus Kleinfeld told the CNBC Squawk Box crew this morning.

Kleinfeld called a downgrade in the US credit rating or a default  “a nuclear option” and urged Congress and the President must come to terms on a plan that “gets us over the hump.”

The current debate is sucking the air out of the economy, Kleinfeld said, but he’s optimistic  a deal will be reached on the debt ceiling before the Aug. 2 deadline.

I’m not so confident a deal beating the deadline, but Kleinfeld is right about one thing it will take spending cuts and increased revenue to solve the deficit problem. Not just one, but both.

Kleinfeld Squawk Box interview: Getting America Back on Track

Trump for president — That’s Entertainment!

Celebrity businessman Donald Trump has to run for president. He just has to. Without him, the Republican primary
GOP+Presidential+Field.jpgpromises to be so incredibly boring.

Trump stories are always a good read, even when he’s being weird. In the last few days, Trump has touted his ‘relationship with the blacks’, sued an Israeli vodka maker and snared the endorsement of actor Gary Busey. And Gawker reports that Trump wants to trade mark the phrase “Trump for Success” to market everything from cologne to shampoo and bubble bath.

Even his hair makes news. Time magazine recently published a diagram describing the Tump combing technique.

Recent Trump headlines:

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Donald Trump for President?

Check out this Forbes Q&A with celebrity businessman Donald Trump.

JAPAN+TRUMP(2).jpgApparently there is considerable Web talk about a possible presidential run. Never one to shy away from publicity, Trump says he is considering giving it a go.

“The polls are very strong. I am seriously thinking about it,” Trump says in the Q&A.

I never know whether to take The Donald serious, but a Trump run would be entertaining.

Wonder who his running mate would be? Is there another half-term governor out there?

Photo: AP archives