FROM John Willman
Wall Street, Main Street and Economic Crisis The finger of blame for the worst economic mess since the Great Depression has been pointed mainly at Wall Street, but what about Main Street, where ordinary Americans were living on credit cards and subprime mortgages, borrowed money might never pay back? The Christmas season was as dismal as had been expected? On this archived discussion of To the Point, it's worth asking, as we did in October, about economic recovery. Does China's high savings rate and few credit cards offer a better model? Will the crisis change America's values?
Consumer Complicity in the Credit Crisis The finger of blame for the worst economic mess since the Great Depression has been pointed mainly at Wall Street. But what about Main Street, where ordinary Americans have been living on credit cards and sub-prime mortgages, borrowed money they'll never pay back? Now that the roof's falling in, can consumers afford to continue spending? If they don't, what happens to economic recovery? China's consumer economy is booming, with a high savings rate and very few credit cards. Is that a better model? Will the crisis change America's values? We'll raise these and other questions today.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
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.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.