Podcasts

After a stinging defeat over the $700 billion bailout plan in the House of Representatives on Monday, how confident is the Bush administration that the revised version will pass both chambers?  Do the president and his advisers like the changes or just accept them as a necessary addition to gain passage?  What is the price of doing nothing?  And what is the White House reaction to the public disapproval of a bailout?  We ask Keith Hennessey, Assistant to the President for Economic Policy and Director of the National Economic Council.

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Over 90 House Democrats voted against the $700 billion bailout plan that was rejected by the House of Representatives on Monday.  Now that the bill is being modified in order to to pacify Republicans, will the number of Democrats voting no increase?  What do they like and not like about the contents?  We ask Larry Haas, former spokesman for the Clinton White House Budget Office and former Communications Director to then-Vice President Al Gore.

Haas will also explain why he believes Democrats would be better stewards of the economy over the next four years, while also acknowledging Barack Obama will likely raise taxes on more Americans than he claims.

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