To the Point
Can 'No-Drama Obama' Stay Cool?
Today's visit by the Obamas to the Bush White House is a symbolic moment. Much hard work is yet to be done, and early appointments already are controversial. We talk with a man who's been involved in every presidential transition since Eisenhower to Kennedy, and hear about the first order of business, the economy. Also, China's massive economic stimulus package, and economic rescue programs are costing trillions in public money. Where is it going?
By Warren Olney • • 1h 0m ListenToday's visit by the Obamas to the Bush White House is a symbolic moment. Much hard work is yet to be done, and early appointments already are controversial. We talk with a man who's been involved in every presidential transition since Eisenhower to Kennedy, and hear about the first order of business, the economy. Also, China's massive economic stimulus package, and $700 billion was just the beginning. Two trillion more are being used for emergency loans. Why won't the Treasury and the Federal Reserve reveal who's getting the money?
White House photo by Eric Draper
In this episode
3 storiesChina Authorizes 'Massive' Stimulus Package, AIG Gets Revised Bailout
No country's being left out of the global financial crisis. Now China has announced an economic stimulus plan of its own. Krishna Guha is US economic editor for the Financial Times .
Read the story6 minThe Bush-Obama Transition Begins
As the Obamas make their ritual visit to the Bush White House, disagreement over an economic stimulus package could ruffle an otherwise smooth transition. The President-elect says, "It is not going to be quick and it is not going to be easy for us to dig ourselves out of the hole that we are in."
Read the story34 minWhere's All the Bailout Money Going?
When Congress approved the $700 billion bank bailout, it demanded transparency. Now the Federal Reserve is lending $2 trillion more . Who's getting the money? "Americans have no idea where their money is going or what securities the banks are pledging in return."
Read the story8 min
