FROM John Murphy
Stimulating the Economy, Now and in the Future The whole world is waiting to see what President Obama's stimulus package will bring. It will have consequences not just for the United States, but also for both trading partners and economic competitors. The House stimulus bill calls for prohibiting foreign steel and iron from infrastructure projects. The Senate version being debated this week goes further, with few exceptions to the requirement for American-made goods and equipment. Republicans, including Minority Leader Mitch McConnell, call that “protectionism.” In this rebroadcast of To the Point, we preview the debate raging in Washington over the biggest government spending package since WWII.
Stimulating the Economy, Now and in the Future The President and the Congress are prepared to break records for government spending, with consequences for America and the rest of the world. The stimulus package is supposed to move fast enough to have immediate impact, but not so fast that it's reckless or wasteful. The House bill calls for prohibiting foreign steel and iron from infrastructure projects. The Senate version being debated this week goes further, with few exceptions to the requirement for American-made goods and equipment. Republicans, including Minority Leader Mitch McConnell, call that "protectionism." Could such provisions lead to foreign retaliation? Do other elements advance the Democrats' social agenda, rather than focusing on creating jobs. What should be the long-term objectives? Can past levels of growth and prosperity be restored or will Americans have to tighten their belts permanently?
Free Trade and the Presidential Campaign Barack Obama says Pennsylvania's rural voters are "bitter" over lost jobs. Hillary Clinton bellies up for a beer with a whiskey chaser in a working-class Indiana bar. So go the latest primaries, with voting scheduled for next week and another televised debate tomorrow. One real issue that might come up is the free-trade deal, like the deal with Colombia, which Democrats have scuttled, at least for the moment. Both Obama and Clinton have publicly promised to renegotiate NAFTA , while surrogates were reassuring Canada they supported free trade. They're both opposed to President Bush's trade pact with Colombia , too. But Bill Clinton's a big supporter. What are the pros and cons? Why do Bill and Hillary Clinton disagree? Is free trade America's only choice in the global economy?
Trump, the GOP and the rule of law Conservatives — and some Republicans — are criticizing the President for "the mess he made" in firing FBI Director James Comey. We hear about a potential successor, the possibility of "obstruction of justice" and the constitutional separation of powers.
Concern deepens amid Trump's controversies President Trump delivered today's commencement speech to the Coast Guard Academy in Connecticut. As he praised the accomplishments of the graduates, he listed some of his own… and made reference to reports that he leaked intelligence to the Russians and tried to shut down an FBI Investigation into his associates.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Should we 'hack the climate' to fight global warming? The Paris Agreements won't be enough to reverse global warming, whether President Trump pulls the US out or not. Is it time to try altering the atmosphere by what's called "geoengineering?" We hear about unintended consequences, international relations… and ethics.