Will the Stimulus Spigot Be Turned On Soon?
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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.
Main Topic
Will the Stimulus Spigot Be Turned On Soon? ()
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?
Guests:
- David Crane: Economic Advisor, California Governor Schwarzenegger
- Jack Kyser: Chief Economist, LA Economic Development Corporation
- Harry Wolf: Architect and urban designer
Links:
Main Topic
Treasury Secretary Tim Geithner and Bailout Backlash ()
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?
Guests:
- David Sirota: nationally syndicated columnist, @davidsirota
- Brad Sherman: Congressman (D-CA), @BradSherman
- David Rothkopf: Visiting Scholar, Carnegie Endowment for International Peace
- Steve Clemons: Director, New America Foundation, @SCClemons
Links:
- House Financial Services Committee hearing on federal oversight intervention of AIG
- Sirota's 'The Uprising: An Unauthorized Tour of the Populist Revolt Scaring Wall Street and Washington'
- Rothkopf's 'Superclass: The Global Power Elite and the World They Are Making'
- Clemons on Economic Advisor Romer, bank lending
Making News
Sentencing of Medical Marijuana Dispenser Postponed ()
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.
Guests:
- Scott Glover: Staff Writer, Los Angeles Times , @ScottGloverLAT
Underwriters
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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