FROM Jeremy Anwyl
Cash for Clunkers: Does Haste Make Waste? Transportation Secretary Ray LaHood says that Cash for Clunkers “has worked better than any other stimulus program that was conceived.” It started off slowly on the first of July, and then exploded through almost a billion dollars in the past week alone. The House quickly approved another two billion before taking off for vacation, and this week the Senate appears ready to go along.
Cash for Clunkers: Does Haste Make Waste? Transportation Secretary Ray LaHood says it "has worked better than any other stimulus program that was conceived." Starting slowly on July 1, " Cash for Clunkers " then exploded through almost $1 billion in the ten days. The House quickly approved another $2 billion before leaving for vacation, and this week the Senate appears ready to go along. Auto dealers are ecstatic, but students of car culture say the summer jump in sales would have occurred anyway, without any government subsidy. One skeptic says trade-ins might end up costing taxpayers $20,000 apiece; others complain that past gas guzzling is being rewarded. We look at the unexpected benefits and unintended consequences of CARS.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.