In order to download Charlie Rose podcasts to iTunes for transfer to an iPod, you must have iTunes installed. If you do, please click the following link to download the podcast for this interview:
itpc://www.charlierose.com/view/itunes/10584
Otherwise, close this window to continue viewing.
Close
Page 1 of 1
Page 1 of 1
robdverity 09/12/2009 12:21 AM Report
Other all-white prez have done it. His half-whiteness makes it all the more meaningfull - and needed. The whites that were 'shielded' didn't need it anyway - academically. The rest will hopefully benefit.
fredschumacher 09/11/2009 07:06 PM Report
I had been on the road for a week, moving my son and daughter-in-law, and out of touch with the daily news. When I got home, my wife informed me of the Obama school speech controversy. I was stunned. Apparently the right wing is now opposed to mom and apple pie.
We appear to be rapidly sliding off some cliff, with the radical right becoming more and more cult-like in nature. Even our local "working class" governor, Tim Pawlenty, is opposed to the President speaking to kids to encourage them to stay in school. Wow! Look in the mirror folks. Do you like what you see?
I grew up in a refugee camp in Austria after WW II. I've experienced what happens when political movements turn into cults.
REMant 09/09/2009 01:00 PM Report
Most likely presidents no matter what stripe ought not be addressing the public from the pulpit about non-political issues. It is none of their business. I am not sure presidents have any business addressing Congress either. It smacks of monarchy. Even a state of the union address is not mandated by the constitution and Washington never did such a thing.
The recent rise or speculation in assets is not unexpected as the dollar continues to sink. Either a rise in consumer prices or a decline in supply will surely follow, meaning more unemployment, not less. Lowered demand will not restrain price levels if the money supply does not follow suit. I am sure the Keynesians take this as a sign of recovery, because for them the economy is basically conceived as a bubble, but I certainly do not see any sign that this can be sustained for very long, nor at the moment how it can be converted into something sustainable unless someone gets serious about fiscal and monetary restraint.
The Obama admin to this point seems to have hoped it could have its cake and eat it too, by expecting necessary productivity increases could be achieved by increasing debt. An economic downturn, tho, IS unemployment and unemployment occurs when there is too much slack or lack of productivity relative to the amount of credit or money around resulting in a situation where ppl cannot afford what they make. Ideally no credit should be required at all, and if there is borrowing, it should come out of the savings of labor in order to keep the system honest, because if it does not, it must certainly be inflationary, even if a perpetual motion machine ensues from the investment. I suspect, however, to a Keynesian none of this matters because it is supposed that the economy emananates or evolves, a matter of animal spirits, not of development or learning to live efficiently within an ecosystem. To them, for instance, the porn and gambling industries are as good as any other, more ppl is better than fewer, higher prices are a sign of wealth. But the economy is demanding a deflation, not an inflation, and a moral correction, not more mouths to feed.