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To the Point

Government Spending and the Failing Economy

To the Point

KCRW

News

4.4583 Ratings

🗓️ 12 February 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

A $789 billion stimulus package is likely to pass the House and the Senate. We look at what's in the bill and what's not. Did Republicans force enough compromises to tarnish a victory for President Obama?  Also, Richard Holbrooke arrives in Kabul as security in the capital worsens, and today's celebration of Lincoln's 200th birthday.

Transcript

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0:00.0

Government spending and the failing economy.

0:07.2

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

0:11.1

A daily look at the issues, Americans care about most.

0:13.8

President Obama calls the $789 billion stimulus package enormous in scope and scale,

0:19.8

but it's not as big as he wanted. It would likely

0:22.2

create or save 3.5 million jobs instead of 4 million. There's less aid to the states in schools

0:28.5

than he asked and a lot more in tax cuts. Most Republicans say it's way too expensive, while

0:33.8

many supporters complain it won't be enough to restart the economy.

0:44.0

We'll debate the pros and cons and analyze the political fallout for Democrats and for Republicans.

0:49.0

On reporter's notebook later on, Barack Obama and Abraham Lincoln.

0:50.3

First here's the news.

0:57.2

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio International Program Fund, whose contributors include the Ford Foundation and the John D. and

1:02.3

Catherine T. McArthur Foundation. Hello again. Warran. Alney, back with To the Point. A $789 billion

1:07.9

stimulus package is likely to pass the House and the Senate.

1:11.3

We'll look at what's in the pill and what's not.

1:13.9

Did Republicans force enough compromises to tarnish a victory for President Obama?

1:18.3

Will the stimulus work?

1:19.9

On reporter's notebook on this 200th birthday of Abraham Lincoln,

1:23.5

President Obama talked about the predecessor he admires most.

1:27.2

First, this news update.

1:28.3

President Obama's special envoy, Richard Holbrook, has arrived in Afghanistan just one day

1:33.5

after Taliban suicide bombers killed 20 people in coordinated attacks in Kabul, the capital city.

...

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