FROM Zachary Karabell
The S&P Downgrade: Economics and Politics After a weekend of silence, President Obama addressed the S&P downgrade and the US economy this afternoon from a White House dining room. He said that the US will always be a AAA-country, and Standard and Poor's is the only ratings agency to downgrade its credit rating to AA+.
The S&P Downgrade: Economics and Politics Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA . Is President Obama at fault? What about Tea Party Republicans and European economies? Why are US Treasuries still the safest place to be? What's next for local governments and individuals with home and auto loans?
China: Before and After Election Day In this year's political campaigns, Democrats and Republicans are accusing each other of helping to cause America's economic decline. In the process, both parties are demonizing China.
China: Before and After Election Day Television commercials featuring Chinese music, pictorial characters and gongs suggest that China has morphed from a "Communist threat" to an economic menace. While Democrats claim free trade pushed American jobs to a foreign country, Republicans say "green" stimulus money is being used to buy Chinese products. Have both parties found the same scapegoat to blame for America's problems? Will policies change once the voting is over, or have US consumerism and profit-making combined to create an economic knot that can't easily be untied?
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?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
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.