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    Back to To the Point

    To the Point

    Obama Pushes Stimulation, but How Much and How Soon?

    Two weeks before inauguration day, President-elect Barack Obama is lobbying Democrats and Republicans for a stimulus package that is 60% federal spending and 40% tax cuts for individuals and for business. The major goal of his " American Recovery and Reinvestment Plan " is three million new jobs, mostly in the private sector.

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    By Warren Olney • May 12, 2014 • 1 min read

    Two weeks before inauguration day, President-elect Barack Obama is lobbying Democrats and Republicans for a stimulus package that is 60% federal spending and 40% tax cuts for individuals and for business. The major goal of his "American Recovery and Reinvestment Plan" is three million new jobs, mostly in the private sector. It's the New Deal, Keynesian economics used during the Great Depression. Obama is hoping for buy-in from fellow Democrats and Republicans, but supporters fear it won't be big enough, soon enough to make a difference. Opponents call it an "anti-stimulus" plan that could lead to stagflation. We hear both sides.

    The full episode

    2 of 3
    Can Barack Obama Save a Failing Economy?
    1. 1:29Burris Distracts Senate's Attention on Opening Day of the 111th Congress
    2. 7:34Obama Pushes Stimulation, but How Much and How Soon?You’re reading this
    3. 43:44Is Panetta the Right Man for the Top Job at the CIA?
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      Karen Radziner

      Managing Producer, To the Point & Which Way LA?

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • KCRW placeholder

      Martin Kady

      Politico

    • KCRW placeholder

      William Gale

      Co-director, Urban-Brookings Tax Policy Center

    • KCRW placeholder

      James Galbraith

      University of Texas, Austin

      NewsNationalPolitics

    The full episode

    2 of 3
    Can Barack Obama Save a Failing Economy?
    1. 1:29Burris Distracts Senate's Attention on Opening Day of the 111th Congress
    2. 7:34Obama Pushes Stimulation, but How Much and How Soon?You’re reading this
    3. 43:44Is Panetta the Right Man for the Top Job at the CIA?
    Back to To the Point