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FROM THIS EPISODE

Was Obama too slow? Is the BP Gulf Spill his Katrina? David Frum says this should be the oil industry's Three Mile Island moment, that while drilling must continue safety must be put first. Arianna wants it to be a teaching moment for moving faster toward an alternative energy economy. All agree a gas tax and price hikes are the only way to get us off our oil addiction. Meantime, economic shocks continue to rattle the market and the globe. Is Spain the new Greece? Is China manipulating currency exchanges and holding US and Europe hostage? Plus, with news of the White House asking Bill Clinton to ask Joe Sestak not to run against Arlen Specter, is this business as usual from a President who promised cleaner politics and no more backroom deals? Is it really important? (David Frum sits in for Tony Blankley, who's away for three weeks.)

Banner image: President Barack Obama tours the beach at Port Fourchon with Parish President Charlotte Randolph May 28, 2010 in Port Fourchon, Louisiana. Photo: Win McNamee/Getty Images

Producers:
Sarah Spitz

Guest Interview Obama's Oil Crisis; Economic Anxiety; Clinton-Sestak Affair

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