Today’s new plan to rescue the banking system may not rescue Timothy Geithner, who’s taken the heat for public payoffs to failing private firms. On our rebroadcast of today’s To the Point, how long can his biggest supporter, Barack Obama, keep the Treasury Secretary on the job? Also, the federal stimulus package means tax relief, healthcare, education and infrastructure. Who’s in charge of deciding which projects get the go-ahead in California? When will the money start flowing? Plus, a federal judge postpones sentencing in a landmark medical marijuana case.
FROM THIS EPISODE
The Bush Administration may have blundered with its original Wall Street bailout, but Republicans are eager to redirect the finger of blame. Florida Congressman Connie Mack has called for Treasury Secretary Tim Geithner to resign. Liberal commentator Megan Dowd wants him to go. The President says he wouldn't let him resign. Is there another way of heading off public outrage?
David Sirota, International Business Times (@davidsirota)
Brad Sherman, US House of Representatives (D-CA) (@BradSherman)
David Rothkopf, FP Group (@djrothkopf)
Steve Clemons, New America Foundation / The Atlantic (@SCClemons)
California's share of the federal stimulus package is $80 billion, $30 of which goes to tax relief. As to the rest, the Obama Administration says, “don't waste it.” When will we see it? Who will decide how to spend it?
Medical marijuana was approved by the voters of California, but the Bush Administration prosecuted dealers under federal laws. The Obama Justice Department is taking a different view. What will that mean for the case of Charles Lynch, who was convicted in federal court but has not yet been sentenced? Scott Glover covers the federal courts for the Los Angeles Times.