As President Obama makes his pitch for a public option in health care coverage, the business community says the best reform would give choice and savings to the individual – not bloat the federal government. So what would that system look like? Would it mean scrapping the employer-based system? Why hasn’t it happened yet? We ask Dr. Bill Lewis, director emeritus of the McKinsey Global Institute.
Gizzi on Politics
Why was State Sen. Creigh Deeds able to trounce Clinton confidant Terry McAuliffe and another liberal challenger in Tuesday’s Virginia gubernatorial primary? Is anyone emerging as the head of the Republican party? What is the fallout of the Supreme Court allowing the Chrysler sale to Fiat to proceed? And what are the lessons of Wednesday’s tragedy at the Holocaust Museum? We ask John Gizzi, political editor at Human Events.
How to Make Money in A Volatile Stock Market
The stock market has taken investors on a wild ride over the past several months, and after a massive sell-off, the markets are enjoying a sizable rally over the past three months. But what are the most sound investment principles regardless of the latest whims of Wall Street? What can you learn from previous market cycles? And is long-term investment the right way or the wrong way to proceed? We ask Bill O’Neill, chairman of Investor’s Business Daily and author of “How to Make Money in Stocks: A Winning System in Good Times and Bad”, now in its third edition.
Michigan Rep. Thaddeus McCotter Discusses Chrysler-Fiat Merger, TARP Repayments and the Pay Czar
Is today’s official merger between Chrysler and Fiat a sigh of relief for Chrysler’s future or another example of intrusive government? Will this deal ultimately be any good for Chrysler workers? How will the current auto industry crisis impact Michigan’s unemployment rate over the rest of this year? We ask Michigan Rep. Thaddeus McCotter, who will also sound off on banks getting permission to repay their bailout money and the appointment of a “pay czar” to oversee compensation for corporate executives.
Obama Administration Orders Afghan Terror Suspects to Be Read Miranda Rights
The Obama Justice Department has reportedly ordered FBI agents to read Miranda rights to high-value detainees in Afghanistan. How long has this been happening? How much valuable intelligence could we be losing? Is the U.S. reverting back to it’s 1990s policy of treating terrorism through the criminal justice system? How are Republicans in Congress reacting to all of this? And how explosive could this issue become on Capitol Hill? We ask Stephen Hayes of The Weekly Standard.
Police Executive Praises Security Response to Holocaust Museum Shooter
On Wednesday, an 89-year-old gunman opened fire at the United States Holocaust Museum in Washington. One security guard was killed and the shooter was shot in the head. So how strong was the security response? How tough is it for security personnel to spring into action when they see so little violence on most days? And should we be worried about this string of high-profile murders targeting Jews, the military and an abortionist? We ask Jim Kouri, vice president of the National Association of Chiefs of Police.
Consumers Now Optimistic About Where the Economy is Heading
The economic news continues to disappoint, but a majority of Americans are now optimistic about our nation’s economic course. What is triggering this rise? How much of it has to do with the gains on Wall Street? How do people feel about the actual economic policies being implemented? We ask Terry Jones, associate editor at Investor’s Business Daily, which conducted the survey.
Gen. Paul Vallely Addresses the North Korean Threat
North Korea is threatening to wage a nuclear offensive against any country that threatens its security. It has also sentenced two U.S. journalists to 12 years of hard labor. What message is North Korea trying to send? How seriously should we take these threats? Why did North Korea put the female journalists in prison? Will the Obama administration or the international community ever force their hand? And are the Chinese really interested in ending North Korea’s nuclear program? We ask retired U.S. Army Major General Paul Vallely, who served for 20 years as the Army’s deputy commanding general in the Pacific.
South Carolina Rep. Joe Wilson Slams Obama Call for PAYGO Rules in Congress
On Tuesday, President Obama asked Congress to officially install PAYGO rules in an effort to demand fiscal discipline. The concept calls for any tax cuts or increase in benefits to be offset in spending cuts or increased taxes before being implemented. So is this the smart way to get our country back on sound financial footing? Or is this just a slick way of pushing tax increases and costing the economy even more jobs? We ask South Carolina Rep. Joe Wilson.
The News
We have Monday’s top news… How many new jobs is President Obama promising by the end of the summer? How does he plan to do it? What setback did Obama get from the Supreme Court on the Chrysler reorganization plan? What announcement did GM make today? What decisions did the Supreme Court also make today on gays in the military, Tyco executives and suing the government of Iraq? And what happened on Wall Street today? We have the answers as we bring you the biggest stories for Monday, June 8, 2009.