A discussion about the economy

with Michael Kinsley
in Business
on Friday, March 28, 2008 * * * * *

Sorry, this video isn’t available at the moment; please check back soon.

play

E-mail this video:

Distribute this video:

Share on:

Close
Description

A discussion about the economy with Michael Kinsleyof Time magazine.

Video Share Options
Share
Buy Amazon DVD
Keywords:
sub prime
economy
money
credit
philanthropy

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/9018

Otherwise, close this window to continue viewing.

Close
  • Comments 13
    Post new comment
    1. Grace  04/18/2008 11:56 PM Report

      If he's "so smart" Mr. white male American Time magazine authority - how come you and frankly Charlie can't seem to actually say what the real "deal" is. So, as a lady, not of leisure, I'll try and break it down for you, real simple. Obama is not an "elitist" - he only wishes he could be. No, it's far more "sinister" than that. He's been co-opted by the "elitists" as "their boy" - taken on as the cause of the day by the ladies who lunch or throw private dinner party "fund raisers." It's like tennis? or Obama? Get it.

      The "elitists" need to feel that their money is going toward a "good" purpose .... hence, their boy, Obama. Clear enough?????? Every person I know whose family is "raising" money at those "private" fund raisers, sorry, they're not those college kids who want "change" - they're frankly "drunks" who like to party in the name of a good cause and give the interest on the families trusts "away." Get it.

      Don't try and confuse the public with semantics... "now a black man is accused of being an elitist" No - he's just there to serve their purpose. It's the weirdest kind of limousine liberal , what us Anglos Saxon Wasps, racists? And men like Geffen? Why would Geffen throw his money after Obama.... They're all setting him up to be the Democrat "go to" guy for the rich. It's certainly not going to be ole serious HIllary now is it? She's no Bill.

      Wake up Mr. Time and stop running scared from an actual woman who isn't trying to get herself and her family up the "social register" a la Obama, who's just loving his hob nobbing with those who weren't by his family's side yesterday.

      Hillary, actually, if you can believe it, thinks as do her supporters that someone who's not aching after "men's seeming love of power" who without a man size ego - see the posturing and preaching and parading of Obama and oh yeah all the idiots in "Bush's War," trying to be top dog, might be able to do some good for the country and not just for the "country club" set a la Obama Rama. Put that in your Time and smoke it. Smart, yeah, he's real smart... at perverting the truth.

    2. Grace  04/18/2008 11:56 PM Report

      If he's "so smart" Mr. white male American Time magazine authority - how come you and frankly Charlie can't seem to actually say what the real "deal" is. So, as a lady, not of leisure, I'll try and break it down for you, real simple. Obama is not an "elitist" - he only wishes he could be. No, it's far more "sinister" than that. He's been co-opted by the "elitists" as "their boy" - taken on as the cause of the day by the ladies who lunch or throw private dinner party "fund raisers." It's like tennis? or Obama? Get it.

      The "elitists" need to feel that their money is going toward a "good" purpose .... hence, their boy, Obama. Clear enough?????? Every person I know whose family is "raising" money at those "private" fund raisers, sorry, they're not those college kids who want "change" - they're frankly "drunks" who like to party in the name of a good cause and give the interest on the families trusts "away." Get it.

      Don't try and confuse the public with semantics... "now a black man is accused of being an elitist" No - he's just there to serve their purpose. It's the weirdest kind of limousine liberal , what us Anglos Saxon Wasps, racists? And men like Geffen? Why would Geffen throw his money after Obama.... They're all setting him up to be the Democrat "go to" guy for the rich. It's certainly not going to be ole serious HIllary now is it? She's no Bill.

      Wake up Mr. Time and stop running scared from an actual woman who isn't trying to get herself and her family up the "social register" a la Obama, who's just loving his hob nobbing with those who weren't by his family's side yesterday.

      Hillary, actually, if you can believe it, thinks as do her supporters that someone who's not aching after "men's seeming love of power" who without a man size ego - see the posturing and preaching and parading of Obama and oh yeah all the idiots in "Bush's War," trying to be top dog, might be able to do some good for the country and not just for the "country club" set a la Obama Rama. Put that in your Time and smoke it. Smart, yeah, he's real smart... at perverting the truth.

    3. Grace  04/18/2008 11:55 PM Report

      If he's "so smart" Mr. white male American Time magazine authority - how come you and frankly Charlie can't seem to actually say what the real "deal" is. So, as a lady, not of leisure, I'll try and break it down for you, real simple. Obama is not an "elitist" - he only wishes he could be. No, it's far more "sinister" than that. He's been co-opted by the "elitists" as "their boy" - taken on as the cause of the day by the ladies who lunch or throw private dinner party "fund raisers." It's like tennis? or Obama? Get it.

      The "elitists" need to feel that their money is going toward a "good" purpose .... hence, their boy, Obama. Clear enough?????? Every person I know whose family is "raising" money at those "private" fund raisers, sorry, they're not those college kids who want "change" - they're frankly "drunks" who like to party in the name of a good cause and give the interest on the families trusts "away." Get it.

      Don't try and confuse the public with semantics... "now a black man is accused of being an elitist" No - he's just there to serve their purpose. It's the weirdest kind of limousine liberal , what us Anglos Saxon Wasps, racists? And men like Geffen? Why would Geffen throw his money after Obama.... They're all setting him up to be the Democrat "go to" guy for the rich. It's certainly not going to be ole serious HIllary now is it? She's no Bill.

      Wake up Mr. Time and stop running scared from an actual woman who isn't trying to get herself and her family up the "social register" a la Obama, who's just loving his hob nobbing with those who weren't by his family's side yesterday.

      Hillary, actually, if you can believe it, thinks as do her supporters that someone who's not aching after "men's seeming love of power" who without a man size ego - see the posturing and preaching and parading of Obama and oh yeah all the idiots in "Bush's War," trying to be top dog, might be able to do some good for the country and not just for the "country club" set a la Obama Rama. Put that in your Time and smoke it. Smart, yeah, he's real smart... at perverting the truth.

    4. Matthew Jarosinski  04/07/2008 11:25 PM Report

      Interesting and intelligent approach to the problem of getting politicians to talk about the subject they know little about but which is of supreme importance for the future of the nation. Do they know why this subject is so important now ? Do they know how to get out of the current crisis ? It would be great if we can have Mr. Kinsley and those 3 politicians at your table. Somehow I am sure it will never happen. Please keep trying.

    5. Biggest Fan  04/06/2008 08:50 PM Report

      Charlie Rose is the BEST period.

    6. Shalom Freedman  04/03/2008 05:01 AM Report

      Kinsley started with something big the possible collapse of the economy, but did not spell out how this would come about.

      Kinsley also when asked repeatedly about the programs of the candidates singled out Hilary Clinton for his ridicule and criticism. He put in a word for the 'magical' candidacy of Obama.

      Charlie Rose is just a good guy. Kinsley struggled a bit and Rose was patient and polite as always. He often refers to the people he hosts as his friends. It seems odd that a person can have so many friends. But with him it is true. He treats people with such decency and respect. And always shows appreciation at the end of the conversation.

      He is the best there is in this game.

    7. charlize courriers  03/31/2008 03:51 PM Report

      It is really shocking to hear a well educated Jewish male of Mr.Kinsley's age say he has "no problems with the Chinese. Hey Michael-think Nazi=Chinese and Jew=Tibetan. No problem?

    8. venality whores  03/30/2008 12:08 AM Report

      Mary, I'm embarrased. Was not aware of a vote on capping interest. That assures my vote for Ralph Nader. Clinton's Bosnia or wherever under fantasia-fire lost me. To be so smart sans wisdom is a dangerous combination. What a compatible couple. Another lying admiinistration will finish the flushing of our nation. Sadly McCain wont be any better. Looks like we can kiss our ass goodbye. Glub.

    9. Mary  03/29/2008 02:20 PM Report

      Good idea, venality whores. Anyone with a degree in economics understands that capping interest rates and fees for the credit card predators would help a lot.

      But Senators like Barak Obama , who are heavily financed by the banks and investment firms, voted AGAINST that exact legislation, so it failed.

      John Edwards and HIllary Clinton voted FOR that legislation.

      I'm guessing in all the gushing we've seen from Charlie about "The One," he didn't even know that, or that his viewers could tell he didn't have a clue.

      Obama was AGAINST capping interest rates at 35%. Stunning, eh?

    10. Carl  03/29/2008 12:50 PM Report

      This is what Kinsley said:

      Charlie Rose interviews: Economy

      Michael Kinsley of Time Magazine appeared on The Charlie Rose Show. According to Michael Kinsley of Time Magazine, we donâ??t need to be talking about race right now. We need to be talking about money. Kinsley said the one conversation we need to be having is about the economy.

      Kinsley, a self pronounced pessimist, says we are heading into a recession, unless we are already there. He said the chickens are coming home to roost. We have had six or seven years of deficits in good times. Losing your home used to happen in the pits of recession, not at the beginning.

      When asked â??What should we be doing?â?? Kinsley responded that he was very suspicious of the stimulus package. The â??recessionâ?? was caused by going into debt and going into more debt will make it worse. We are borrowing from other governmentsâ?¦ for example, the Chinese. Itâ??s sad that we are borrowing from the Chinese to finance our life styles. Clinton passed a surplus on to Bush and it has been squandered.

      â??If we are going into deficit spending we should be repairing our bridges and infrastructures,â?? Kinsley said.

      There isnâ??t much difference in the amounts of the Democratic candidates stimulus costs, but some of it Kinsley doesnâ??t understand. Obama emphasizes Iraq war end as a means of saving money, which Kinsley understands. Clinton has ideas Kinsley is not in favor of, such as wiping out graffiti in cities. He doesnâ??t follow her reasoning.

      Given the opportunity to talk directly with each candidate Kinsley would want to know plans for the economy and ask pointed questions of the candidates. â??Hillary, what is the point of the commission or $30million for street lighting? Why are you so eager to see house prices go up? People donâ??t have interest in housing prices going up. We can afford more housing if they go down.â??

      Kinsley believes Obama will get the nomination. â??He has more delegates. More and more people are realizing that Obama has touched somethingâ?? that has â??landed on the Democrats like a huge giftâ??.

      In closing Kinsley said he is not so sure that Obama can beat McCain because he respects the ruthlessness of the Republicans.

    11. mgonsior  03/29/2008 08:36 AM Report

      I was terribly disappointed that Mr. Rose so abruptly changed the subject when Mr. Kinsley asked a very important question, namely why are all the politicians trying to prevent house prices from falling? Instead of probing this crucial issue further, Mr. Rose asked Mr. Kinsley what he thought about the presidential "horse race."

      For those who are interested, following is the URL of Mr. Kinsley's recent article:

      http://www.time.com/time/magazine/article/0,9171,1655723,00.html

    12. venality whores  03/29/2008 12:30 AM Report

      So short. Why bother? Housing discussed but barely. The wise-guys of the financial elite will socialize the losses and capitalize the gains. Moral hazards engorged for encore down the road. HERE'S A FINANCIAL STIMULUS: CAP THE INTEREST RATES AND FEES THE CREDIT CARD PREDATORS USE TO EXPLOIT THE UNSOPHISTICATED. WOULD PUMP MORE THAN A ONE-TIME STIMULUS INTO THE ECONOMY. THINK ABOUT IT.

    13. J M  03/28/2008 11:36 PM Report

      How about some links to what Kinsley wrote about the economy?