As Barack Obama announces former Sen. Tom Daschle as his choice for Secretary of Health and Human Services, what kind of health care reform do they intend to pursue? Are you ready for a Federal Reserve-type institution to be created to run health care policy? And what kind of pricetag are taxpayers looking at to provide additional coverage? We ask Amy Menefee, Director of Communications for the Galen Institute.
Economy
Ford Executive Joe Hinrichs Discusses the Proposed Auto Bailout Deal
What should we make of the plan to give emergency taxpayer aid to General Motors and Chrysler? Why is Ford so confident some eventual credit from the government is all it will need to return to profitability? How does it compete with the foreign automakers which have much lower labor and legacy costs? And what should be expected in this congressional debate? We ask Joe Hinrichs, Group Vice President for Global Manufacturing and Labor Affairs at the Ford Motor Company.
The News
We have Monday’s biggest stories! What is the state of the auto industry rescue debate? Which company’s CEO should resign according to a key U.S. Senator? What is the latest group in Washington with their hands out for taxpayer money? What is Barack Obama’s take on the auto industry crisis? How did the markets fare on Monday? What is the latest legal move at Guantanamo for 9-11 mastermind Khalid Sheik Mohammed? We answer all of these questions as we cover the biggest stories for Monday, December 8, 2008.
The News Part 1
Now that the House of Representatives has given thumbs down to the bailout plan, what comes next? What is the president’s message? How about Treasury Secretary Henry Paulson? Why is one GOP member of Congress suggesting the bailout plan is reminiscent of Stalin and Mao? And how confident are congressional leaders that a successful deal will be forged soon? Listen here for the biggest news from Tuesday, September 30, 2008.
The News Part 2
What did the stock market do on Tuesday after Monday’s record point drop? What does the public think about the bailout? And how are John McCain and Barack Obama using the financial crisis to boost their White House bids? Listen here for all of the details.
Is McCain Or Obama Looking More Presidential?
Sen. John McCain suspened his campaign to forge a successful bailout bill but ultimately the bill failed. Sen. Barack Obama largely refused to get involved in the the details of the debate or even spend much time in Washington. So who came across as a better leader and more ready to become the next president? That’s what we ask longtime political analyst and strategist Carol Liebau. We also get her thoughts on Thursday’s vice presidential debate.
Big Rebound for Wall Street After Record Point Drop
Investors shook off Monday’s gloom over a failed bailout bill and went on a bullish run instead. So how does a record sell-off take shape and how did we go from that to a nearly 500-point jump? We take you inside the markets with Terry Jones, Associate Editor at Investor’s Business Daily.
What Happens Next on the Bailout?
One day after the House of Representatives rejected a $700 billion bailout package designed to stabilize our financial institutions, lawmakers are picking up the pieces and moving forward. So what happened on Monday? What’s the real reason so many members in both parties voted against the plan? Hint: It’s 35 days away!
We’ll also discuss why there may be a deal in place by the end of the week and how that might get done, as Greg is joined by Erin Billings of Roll Call newspaper.
Texas Rep. Conaway Explains his ‘No’ Vote on Bailout
The House of Representatives shot down the bailout plan Monday afternoon, with significant numbers in both parties voting against the plan. Two-thirds of Republicans voted against the bill, including Texas Rep. Mike Conaway. He talks with Greg about his decision and what he wants to see included in the next version of the plan.
The Bailout Is Defeated; Dow Suffers Record Point Drop
On Tuesday, the House of Representatives defeated a proposed $700 billion Wall Street bailout plan by a vote of 228-205. In response, investors sold off in record fashion on Wall Street. So what is the significance of all that we saw on Monday? How can Congress forge a passable bill? And what happens if Congress does not act soon? We ask economist J.D. Foster of the Heritage Foundation.