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Meanwhile, GM, rather than pushing for wage cuts, is demanding sweeping changes in work rules that would make it easier for the company to staff its plants with temporary workers as well as changes to the funding of the retiree healthcare trust or VEBA. Both GM and Chrysler agreed to fulfill their obligations to fund the VEBA with stock as well as cash, as required by the terms of the Bush bailout. But the automakers cannot unilaterally change the terms of the trust, so it's on the negotiating table...
Which doesn't mean that Barack Obama should begin weeping at press conferences to make us sad or bang his fist on a lectern to goad our anger. But his Administration might want to avoid messages that portray the recession as a frightening monster rather than as a maddening, depressing but solvable problem...
...President visited the State Department on his second full day in office to send a message: diplomacy will now take precedence over military force in U.S. foreign policy - and his Administration's will be a diplomacy of constant, persistent attention to the world's problem areas rather than slapdash summitry. The occasion for Obama's visit was the announcement of two special envoys, Richard Holbrooke and George Mitchell, both of whom represent a silent reproach to the Bush Administration. Holbrooke will have the near impossible task of untangling the mess in Afghanistan and Pakistan, a problem exacerbated by recent American...
...when he was talking about closing Guantánamo? Or, perhaps, when he was discussing the impact of his stimulus package on the cratering American economy? Actually, the President used a version of the line multiple times during his first week in office - a week that, rather than offering the catharsis of a bright new American morning, summoned the groaning image of a supertanker attempting a U-turn in a tiny Arctic bay. The weather in Washington was cold and cloudy. The President seemed overcast as well, stowing his megawatt smile as he acknowledged one of the more depressing days...
...losses, and disappear entirely by 2012. Reagan was lucky in that way. Obama is facing more difficult problems and might not be so lucky. But at least, for the moment, he is paying his public the great compliment of taking his job seriously, focusing on the long-term substance rather than the bread and circuses that masqueraded as leadership in the recent past...