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FROM THIS EPISODE

Arnold Schwarzenegger laid out a long list of priorities today for his last year in office.  We hear from some tough-minded Sacramento insiders about jobs, education, prisons, tax reform and the waning power of a lame-duck Governor. On our rebroadcast of today's To the Point

, despite federal efforts to "modify" mortgages, economic recovery is threatened by a massive wave of foreclosures.  Should cruel economic realities be allowed to run their course, or should taxpayers rescue banks and homeowners who are "underwater?"

 

Banner image: Assembly Speaker Karen Bass (L) and Senate pro Tem Darrell Steinberg (R) listen as Governor Schwarzenegger delivered his final State of the State address before a joint session of the California State Legislature

Producers:
Christian Bordal
Andrea Brody
Gary Scott

Main Topic Schwarzenegger’s Final State of the State Address 26 MIN, 27 SEC

As he began his last year in office today, Governor Schwarzenegger addressed a joint session of the Legislature, beginning on a positive note. He called the first priority the economy and jobs. Other priorities include tax, budget and pension reform as well as a re-ordering of spending priorities. While the Governor voiced support for healthcare reform, he criticized transition from “noble and needed legislation” to a trough of bribes, deals and loopholes.” We hear from some tough-minded Sacramento insiders about jobs, education, prisons, tax reform and the waning power of a lame-duck Governor.

Guests:
Barbara O'Connor, Cal State Sacramento's Institute for the Study of Politics and Media
Jerry Roberts, CalBuzz.com
Jean Ross, California Budget Project
Dan Schnur, USC Unruh Institute of Politics (@danschnur)
Bill Whalen, Hoover Institution (@hooverwhalen)

Main Topic Trying to Stabilize the Housing Crisis 27 MIN, 5 SEC

Fifteen million Americans are “underwater,” meaning they owe more on their mortgages than their homes are worth. The Obama Administration has $75 billion for a program called Making Home Affordable, but there’s widespread agreement that it’s a failure that could be making things worse.

Guests:
Peter Goodman, Huffington Post (@petersgoodman)
Marlene, California homeowner
Mark Zandi, Moody's Analytics (@dismalscientist)
Kent Smetters, Professor of Insurance and Risk Management, University of Pennsylvania's Wharton School of Business

Past Due

Peter Goodman

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