FROM Dean Calbreath
Wall Street, Main Street and Economic Crisis The finger of blame for the worst economic mess since the Great Depression has been pointed mainly at Wall Street, but what about Main Street, where ordinary Americans were living on credit cards and subprime mortgages, borrowed money might never pay back? The Christmas season was as dismal as had been expected? On this archived discussion of To the Point, it's worth asking, as we did in October, about economic recovery. Does China's high savings rate and few credit cards offer a better model? Will the crisis change America's values?
Consumer Complicity in the Credit Crisis The finger of blame for the worst economic mess since the Great Depression has been pointed mainly at Wall Street. But what about Main Street, where ordinary Americans have been living on credit cards and sub-prime mortgages, borrowed money they'll never pay back? Now that the roof's falling in, can consumers afford to continue spending? If they don't, what happens to economic recovery? China's consumer economy is booming, with a high savings rate and very few credit cards. Is that a better model? Will the crisis change America's values? We'll raise these and other questions today.
San Diego Rebuilding Costs to Soar As they do after every round of wildfires, thousands of victims are promising to rebuild, but that will be more expensive than it’s been in the past. Since San Diego’s Cedar and Paradise fires in 2003 , the cost of residential construction has been going up by as much as 35 to 45 percent.
Healthcare debate now shifts to the Senate Both parties are celebrating yesterday's House bill to repeal and replace Obamacare. House Republicans are cheering because they were able to pass it. Democrats are happy because they think it's so bad. We look at the details… and the politics.
Will the GOP weather the storm with Trump or jump ship? Breitbart news claims that the GOP "establishment" has it's knives out" for President Trump, but Republicans in Congress are mostly supportive… at least in public. We look at whether that's likely to last.