Homeownership and the American Dream
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 11 February 2009
⏱️ 50 minutes
🧾️ Download transcript
Summary
President Obama wants big money to forestall foreclosures. Is that a sound public investment? Why is homeownership equated with the American Dream? What's wrong with renting? Also, eight Wall Street CEO's get a grilling on Capitol Hill, and artificial arms controlled by the brain.
Transcript
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| 0:00.0 | From PRI, Public Radio International and KCRW Santa Monica, this is To the Point. |
| 0:07.6 | Home ownership and the American Dream. |
| 0:13.6 | Hello again, I'm Arunalny, and this is To the Point from Public Radio International. |
| 0:17.5 | A daily look at the issues Americans care about most. |
| 0:20.1 | President Obama says |
| 0:21.1 | home foreclosure means losing a foothold in the American dream. That's an idea that dates |
| 0:26.0 | back to the Great Depression. Politicians virtually equate home ownership with patriotism, |
| 0:31.8 | and government subsidies include the mortgage interest exemption. But there is a downside, |
| 0:36.1 | and it's come to a head in the current recession. |
| 0:38.7 | Millions of homeowners are in big trouble. On To the Point, why should tens of billions of |
| 0:43.8 | taxpayer dollars help people get back into housing they can't afford? What's wrong with renting? |
| 0:50.0 | On reporter's notebook later on, artificial arms controlled by the brain. |
| 0:55.3 | First, here's the news. |
| 0:56.6 | Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio International Program Fund, |
| 1:03.8 | whose contributors include the Ford Foundation, the John D. and Catherine T. McArthur Foundation, |
| 1:08.5 | and the Rockefeller Foundation and its campaign for American |
| 1:11.8 | Workers. More at rockfound.org. Hello again, Mormon-Aulay, back with To the Point. President Obama wants |
| 1:17.8 | big money to forestall foreclosures. Is that a sound public investment? Why is homeownership |
| 1:22.9 | equated with the American dream? What's wrong with renting? That's our main subject today. |
| 1:28.0 | On reporter's notebook, new technology means that artificial arms can be controlled just by thinking. |
| 1:33.6 | We'll hear what that means for amputees. |
| 1:35.7 | First, this news update. |
... |
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