Stimulating the Economy, Now and in the Future
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 2 February 2009
⏱️ 51 minutes
🧾️ Download transcript
Summary
Bill Clinton declared the Era of Big Government "over." Well, it's back, with a stimulus package big enough to start re-shaping the economy. We look at the possible impacts now and in the long term. What will it mean for free trade and the global economy? Also, a bumpy road ahead for Obama cabinet picks, and the Iraqi elections and US troop withdrawals.
Transcript
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| 0:00.0 | From PRI, Public Radio International and KCRW Santa Monica, this is To the Point. |
| 0:08.1 | Stimulating the economy now and in the future. |
| 0:14.5 | Hello again, I'm Mormon Alney, and this is To the Point from Public Radio International, |
| 0:18.3 | a daily look of the issues Americans care about most. |
| 0:21.0 | The president and the Congress are prepared to break records for government spending with |
| 0:24.8 | consequences for America and the rest of the world. The stimulus package is supposed to move |
| 0:29.5 | fast enough to have immediate impact, but not so fast that it's reckless or wasteful. |
| 0:34.2 | Provisions requiring that contractors buy American are being called a declaration of war |
| 0:38.6 | against free trade. Could they lead to foreign retaliation? Do other elements advance the Democrats' |
| 0:44.1 | social agenda rather than focusing on creating jobs? What should be the long-term objectives? Can past |
| 0:50.2 | levels of growth and prosperity be restored? Or will Americans have to tighten their belts permanently? |
| 0:56.6 | First, here's the news. |
| 1:00.3 | Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio International Program Fund, |
| 1:08.2 | whose contributors include the Ford Foundation, the John D. and Catherine |
| 1:11.7 | T. MacArthur Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that all |
| 1:17.1 | people deserve the chance to live a healthy, productive life. Information at gatesfoundation.org. |
| 1:22.5 | Hello again. Warman-Alney, back with To the Point. Bill Clinton declared the era of big |
| 1:26.4 | government over. Well, it's back, with a stimulus package big enough to start reshap To the Point. Bill Clinton declared the era of big government over, well, it's back, |
| 1:28.5 | with a stimulus package big enough to start reshaping the economy. Today we'll look at the possible |
| 1:33.2 | impact now and in the long term. What would it mean for free trade, the global economy, and a |
| 1:38.5 | return to prosperity? First, this news update on Capitol Hill today, former Democratic Senate |
| 1:43.2 | leader Tom Dashel apologized for not paying all his taxes. |
... |
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