Obama Cracks Down on Business, Wall Street
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 11 April 2016
⏱️ 52 minutes
🧾️ Download transcript
Summary
During his final months in office, President Obama is pushing hard for new financial regulations. Wall Street and the Republicans are fighting back, while progressives complain the new rules don't go far enough. We look at the possible consequences for Obama's White House legacy.
Transcript
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| 0:00.0 | Join left-right and center host Bob Shear for his new podcast, Shear Intelligence. |
| 0:06.3 | The twice-monthly podcast features thinkers and trendsetters in conversation with one of |
| 0:11.3 | political journalism's leading voices. Through the show's unique and sometimes surprising |
| 0:16.8 | perspectives, you'll get up to speed on the current issues shaping the Beltway and the world. Find sheer |
| 0:23.7 | intelligence on KCRW's iTunes page. From KCRW in Santa Monica and PRI Public Radio International, |
| 0:32.9 | this is To the Point. The president's latest economic message, there's no time to lose. |
| 0:43.1 | Hello again, I'm Armin Alney, and this is To the Point from Public Radio International. |
| 0:47.1 | On daily look at the issues Americans care about most. |
| 0:49.6 | With a sense of urgency, President Obama has announced a new set of financial regulations. |
| 0:54.8 | When politicians perpetuate a system that favors the wealthy at the expense of the middle |
| 0:59.7 | class, it's not surprising that people feel like they can't get ahead. |
| 1:04.2 | His stated goals, protect retirement accounts, make big corporations pay their taxes and bolster |
| 1:09.1 | organized labor. Business interests and Republicans call it a regulatory rampage. |
| 1:14.5 | But disappointed progressives say he's waited too long. |
| 1:17.8 | Stakes include the legacy of the Obama administration. |
| 1:21.2 | Today's talking point, the startup squad behind the Golden State Warriors. |
| 1:25.7 | First, here's the news. |
| 1:29.5 | Check out KCRW's |
| 1:31.2 | All News Channel, News 24. |
| 1:33.8 | Programming from KCRW, |
| 1:35.6 | NPR, the BBC, and more. |
| 1:37.9 | 24 hours a day. |
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