Which Way, L.A.?
Getting the Biggest Bang from the Next Bailout
America’s financial problems are enormous. As we hear on this rebroadcast of today's To the Point, the solutions will have to be just as enormous. Also, a new faith-based initiative -- Obama style.
By Warren Olney • • 1h 0m ListenAs soon as the stimulus bill is passed, it’ll be on to the next financial industry bailout for President Obama. In this rebroadcast of today's To the Point we hear more about what the next bailout might look like and how much it’s going to cost. Also, Everything Barack Obama does as the new President is newsworthy, especially when there’s a comparison to be made between him and George W. Bush. Today, the President announced his own faith-based initiative.
Banner image: President Barack Obama listens as Treasury Secretary Timothy Geithner delivers remarks about executive compensation. Photo:Win McNamee/Getty Images
In this episode
2 storiesGetting the Biggest Bang from the Next Bailout
President Obama will likely propose another huge investment of public money in private banks and brokerages houses. The mismanagement that caused them to collapse has made them very unpopular and the President is targeting one feature the public really can understand: executive bonuses .
Read the story18 minIs Obama's Faith-Based Initiative Even Bigger Than Bush's?
It was one of George W. Bush's first presidential orders of 2001, months before September 11, and it led to controversy about the separation of church and state. During last year's campaign, Barack Obama surprised a lot of people by saying he'd continue the faith-based initiative.
Read the story8 min
