Will Federal Money Mean Economic Recovery?
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 15 December 2008
⏱️ 51 minutes
🧾️ Download transcript
Summary
Barack Obama wants big federal spending to rebuild infrastructure, promote green technology and create or save 2.5 million jobs. We look at the benefits and the risks of what he calls a "jolt" to the flagging economy? Also, Illinois Governor Rod Blagojevich is likely to face impeachment, and the shoes that shook the Arab world.
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 | Will federal money mean economic recovery? |
| 0:14.1 | Hello again, I'm Warren Olney, and this is To the Point from Public Radio International, |
| 0:18.2 | a daily look at the issues Americans care about most. |
| 0:20.8 | Barack Obama wants to hit the ground running with massive spending to jolt the sagging economy |
| 0:25.7 | and create or save 2.5 million jobs. He would improve highways and bridges, build schools, |
| 0:32.1 | and promote green technology, with federal money funneled through states, counties, and cities. |
| 0:36.7 | But despite Roosevelt's New Deal and Eisenhower's interstate highways, |
| 0:41.0 | critics contend the U.S. can't spend its way to economic recovery. |
| 0:45.1 | What kinds of projects will be involved? |
| 0:47.3 | What are the benefits and the risks for private businesses and for consumers? |
| 0:51.6 | On reporter's notebook later on, The Shoes that shook the Arab world. |
| 0:55.9 | First, here's the news. |
| 1:00.1 | Support for To the Point comes from subscribers of KCRW Santa Monica |
| 1:04.5 | and from the Public Radio International Program Fund, |
| 1:07.8 | whose contributors include the Ford Foundation, |
| 1:10.4 | the John D. and Catherine T. McArthur |
| 1:12.0 | Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that all people |
| 1:17.0 | deserve the chance to live a healthy, productive life. Information at gatesfoundation.org. |
| 1:22.2 | Hello again, Warren Alney, back with To the Point. Barack Obama wants big federal spending to |
| 1:26.6 | rebuild infrastructure, promote |
| 1:28.0 | green technology, and create or save 2.5 million jobs. What are the benefits and the risks |
... |
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