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To the Point

Federal Bailouts and Double Standards

To the Point

KCRW

News

4.4583 Ratings

🗓️ 8 December 2008

⏱️ 51 minutes

🧾️ Download transcript

Summary

A bailout of the Big Three automakers now seems likely, but why is Detroit being asked for more concessions than Wall Street? We look at the double standard for federal bailouts and ask whether a real industrial policy would make things better or worse. Also, Pakistan has moved against the mastermind of the group that attacked Mumbai, and more bad news for the news business in New York, Chicago and Los Angeles. 

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:07.8

Federal bailouts and double standards.

0:13.9

Hello again, I'm Warren Alney, and this is To the Point from Public Radio International.

0:18.0

A daily look at the issues Americans care about most.

0:20.6

The White House says if Democrats can get their act together,

0:23.4

it's very likely the big three automakers will get massive federal assistance.

0:28.4

But auto workers are on a caravan from the Midwest to Washington

0:31.8

complaining they have to make more concessions than Wall Street financiers.

0:36.2

Is Wall Street more important than other sectors of the economy?

0:39.7

Does the U.S. need a policy for manufacturing, too, like Barack Obama's jobs creating

0:45.2

stimulus plan?

0:47.0

On reporters' notebook later on, more bad news for the news business in New York, Chicago, and Los

0:53.1

Angeles.

0:53.9

First, here's the news.

1:00.2

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

1:06.7

International Program Fund, whose contributors include the Ford Foundation, the John D. and Catherine

1:12.0

T. MacArthur Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that all

1:17.4

people deserve the chance to live a healthy, productive life. Information at gatesfoundation.org.

1:23.0

Hello again. Warren, I'm in Alney. Back with To the Point. A bailout of the big three automakers

1:27.3

now seems likely,

1:28.5

but why is Detroit being asked for more concessions than Wall Street?

1:32.7

Today we'll look at the double standard for federal bailouts

...

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