History[ edit ] After becoming the first woman to co-anchor an evening network newscast inBarbara Walters left the ABC Evening News in to concentrate on The Barbara Walters Specials,[ citation needed ] an occasional series of interviews with heads of state, newsmakers, sports stars, and other public figures. The specials continued to air sporadically throughout the year and saw Walters conduct interviews with a plethora of public and political figures including former British Prime Minister Margaret Thatcher.
Robert Kuttner Journalist and economist. He is the co-founder and co-editor of The American Prospect magazine, as well as a Distinguished Senior Fellow of the think tank Demos. Transcript This is a rush transcript. Copy may not be in its final form.
President-elect Barack Obama is moving swiftly to fill his administration and form his response to the economic crisis.
Obama is expected to soon choose his Treasury Secretary, and the two names reportedly at the top of the list are Timothy Geithner, the president of the New York Federal Reserve Bank, and Lawrence Summers, who held the post during the Clinton administration.
In one of his first orders of public business since the election, Obama has convened an economic advisory board to meet today in Chicago. The group includes billionaire investor Warren Buffett, former presidential cabinet officials, and executives from various corporations, including Xerox, Time Warner, Google and the Hyatt hotel company.
This comes as more signs emerge that the nation will be facing a prolonged recession. The Labor Department reported Thursday the number of people receiving unemployment benefits has jumped to 3.
On Monday, Obama is scheduled to meet with President Bush to discuss the global economic crisis and the war in Iraq.
Arun Gupta joins us here in New York. You know, Amy, a crisis is also an opportunity, and the crash on Wall Street was also the crash of right-wing ideology, the ideology that claimed that markets could do nothing bad and governments could do nothing good.
The question is whether Obama seizes the moment. He will either be Roosevelt, or he will be Hoover. We need the most expansive use of government.
First of all, do the financial rescue right, not just to throw money at Wall Street, but to get the credit system functioning again. The concern I have is the names you hear floated about are Clintonistas.
And my bet is that Obama is smart enough that he does not want to fail and that events will force him to be sufficiently bold, but he has very little time to get this right. Larry Summers, former president of Harvard, former Treasury Secretary under President Clinton, what does he represent?
He would be my last choice.
|Citation Information||February 25, Author: It originally appeared in the Chicago Tribune on Nov.|
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He is a protege of Bob Rubin. When he was at Treasury, he was part of the group that promoted greater deregulation, the same deregulation that brought this collapse.
He had a disastrous experience as president of Harvard. And in the conversations within the Obama camp and between the Obama camp and the Democratic leadership, Summers has been a force for the idea of not spending too much money on a stimulus, not spending too much money on a permanent recovery program, fiscal caution, not putting too much pressure on the banks to resume lending.
It would be both the wrong signal and the wrong policy. In the negotiations about rescues for Wall Street banks, he has been a somewhat more forceful advocate of stronger regulation. She happens to be, nominally at least, a Republican, as well as a woman.
That would be a very classy appointment, but I fear it may not happen. Well, you know, with Democrats like these, who needs Republicans? Larry Summers recently wrote an editorial in the Financial Times where he said we must address entitlements.
But he represents this Washington Consensus, both domestically and globally, that says we need to cut social welfare programs while bailing out the banks, the rich.“We had the problem that President Obama had twice publicly basically said, ‘There's no there, there’ in an interview with-- on Fox, an interview on 60 Minutes I think, both times he said.
Comments. Brother Nathanael October 29, @ pm.
Text –Text– Text. The Obama Hoax Finally Revealed.
It was a group of wealthy Chicago Jews back in the ’90s — some with strong Socialist views — with a plan to make Obama, America’s “first black President.”. Michelle Obama recently appeared on the cover of Variety Magazine, and she made some interesting comments in the accompanying article.
Unlike most conservative politicians, Michelle Obama. The article should begin with the reason the subject is newsworthy at this time, and should be based (not exclusively) on an extensive interview with the subject.
Biographical material is important, but should not be overemphasized: the biography is background to the news. An Obama-to-Webb transition isn’t the most natural, but given their shared disdain for hawkish adventurism and anti-establishment credibility, Webb’s bid for the coalition of the ascendant is.
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