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?
The defeat of ISIS: Not if… but when President Trump campaigned on promise to speed up the crushing of the so-called Islamic State. This week, the Pentagon provided a "framework" of options. We hear the pros and cons.
House Republicans release their Obamacare replacement As two House committees take up "repeal and replacement" of "Obamacare," there may be life left in the Affordable Care Act after all. Even Republicans are divided, and proposed changes won't make good on President Trump's promise to provide "health insurance for everybody."