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Tuesday, February 10, 2009

  • Ahead of Senate Vote, Obama Warns of "Catastrophe" Without Economic Stimulus

    Obamaweb

    As the Senate prepares to vote on the $800 billion stimulus and recovery package, President Obama urged Congress to pass the bill Monday, first at a town hall meeting in Elkhart, Indiana and later at the first news conference of his presidency. He warned that not acting immediately to rescue the economy could lead to a "catastrophe" and emphasized that only the government could bail out the economy at this moment. [includes rush transcript]

  • Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent

    Galbraithweb

    With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent. [includes rush transcript]

  • Former UN Human Rights Investigator Cherif Bassiouni: Despite Obama Claims, No Military Solution for Afghanistan

    Bassiouiniweb

    At his first news conference, President Obama emphasized the importance of removing "safe havens" for al-Qaeda in Afghanistan and Pakistan and said he had no timetable for the withdrawal of US troops from Afghanistan. We speak to Cherif Bassiouni, a former UN human rights investigator in Afghanistan. He was fired in 2005 after releasing a report criticizing the US for committing human rights abuses in Afghanistan. [includes rush transcript]