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FROM THIS EPISODE

The lack of a state budget means IOU's instead of state money for counties to provide human services. We hear how they're responding, and we talk to LA Mayor Villaraigosa. On our rebroadcast of today's To the Point, George W. Bush spent $350 billion taxpayer dollars to rescue financial institutions. Barack Obama wants up to a trillion more. We hear how Treasury Secretary Tim Geithner describes the program. Will there be accountability this time?

The Two-Income Trap

Elizabeth Warren and Amelia Warren Tyagi

Main Topic The Obama Financial Bailout: Change or More of the Same? 24 MIN, 49 SEC

Treasury Secretary Tim Geithner's speech on economic recovery was delayed for a day so President Obama could build support for the stimulus plan. Today, Geithner got what Obama promised would be his “day in the sun.” Conceding that Americans have “lost faith” in government bailouts, he proposed a package worth one and a half trillion dollars of combined taxpayer and private money

Guests:
Doug Elliott, Fellow, Brookings Institution
Elizabeth Warren, Democratic candidate for US Senate (@elizabethforMA)
Robert Scheer, Co-host, 'Left, Right & Center' (@Robert_Scheer)

Making News Dear California Counties, IOU 8 MIN, 39 SEC

California's 58 counties depend on the state to provide services, many of which are mandated by Sacramento. But Governor Schwarzenegger and the legislature still haven't produced a state budget. Riverside County Supervisor John Tavaglione is an officer with the California State Association of Counties.

Guests:
John Tavaglione, Supervisor, Riverside County

Main Topic Water, Water Everywhere, but Most Runs Down the Drain 17 MIN, 6 SEC

It rained a lot over the past few days and there's more to come. But that won't make up for the water shortage in Southern California, because the water gets washed away in storm drains and ends up polluting the seas and the beaches. Even with restrictions imposed in August, the City of Los Angeles needs mandatory rationing and higher rates for those who fail to conserve. That's according to Mayor Antonio Villaraigosa. Much of that water could be recovered. Technology is not just available but in place at two parks, two schools and at least one single-family home, as we hear from Andy Lipkis, founder and president of TreePeople, which advocates conserving the rains.

Guests:
Antonio Villaraigosa, City of Los Angeles (@villaraigosa)
Andy Lipkis, TreePeople (@AndyLipkis)

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