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To the Point

The Building Urgency of the Economic Crisis

To the Point

KCRW

News

4.4583 Ratings

🗓️ 24 November 2008

⏱️ 51 minutes

🧾️ Download transcript

Summary

This weekend the Bush Administration announced a dramatic rescue for the banking giant Citigroup. It's a time of almost unprecedented political circumstances surrounding government responses to the crisis, as one president prepares to leave office, and another gets ready to take over. Guest host Sara Terry explores what's at stake during this transition, and what lessons can be learned from history? Jimmy Carter is denied a visa, along with other world elders. What is Zimbabwe’s Robert Mugabe doing behind closed doors?

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

When is a president elect more than a president in waiting?

0:12.2

In extraordinary times like these.

0:17.7

I'm Sarah Terry sitting in for Warren Olney, and this is To the Point from Public Radio International, a daily look at the issues Americans care about most.

0:26.7

President Bush held one news conference on the economy this morning, and President-elect Barack Obama held another one just two hours later.

0:34.8

Bush defended the government's weekend decision to bail out Citigroup, and Obama announced his new economic team. The two have later. Bush defended the government's weekend decision to bailout city group,

0:38.4

and Obama announced his new economic team. The two have pledged close cooperation, but how

0:43.8

difficult is it to address a crisis with one president leaving office and another one in the wings?

0:50.1

On reporter's notebook, Jimmy Carter has been denied a visa for the first time in his life.

0:55.2

What's going on behind Zimbabwe's closed doors?

0:58.2

First, the news.

1:00.5

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

1:04.9

and from the Public Radio International Program Fund,

1:08.3

whose contributors include the Ford Foundation,

1:11.8

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

1:17.2

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

1:22.7

I'm Sarah Terry sitting in for Warren Olney, back with To the Point from PRI. We'll be talking about the ongoing economic challenges facing the country,

1:31.6

including city groups' drastic downturned last week

1:34.5

and the Bush administration's weekend announcement of a dramatic rescue for the banking giant.

1:39.6

But we'll also be addressing the almost unprecedented political circumstances

1:43.6

surrounding government responses

1:45.2

to the crisis as one president prepares to leave office and another gets ready to take over.

...

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