FROM Sheila Bair
Is Economic Recovery Increasing Economic Inequality? Today's Dow Jones Industrial Average jumped over yesterday's record high. It's a "golden age" for corporate profits, which are the largest share of the economy since 1950. But the portion that goes to employees is close to the lowest since 1966. Both liberal and conservative economists are worried because the gap between the rich and the poor is growing so fast. The gap is also alarming Democrats — and some Republicans. Eighty-five billion dollars in federal sequestration could increase unemployment by 700,000 jobs without making a dent in the markets or corporate earnings. How much is the Obama Administration to blame? Is there a potential fix that might appeal to partisans on both sides?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.