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Drawing on the theory of supply-side economics created by economist Arthur Betz Laffer, President Ronald Reagan created a plan for massive tax cuts in the name of stimulating the U.S. economy in the early 1980s. Critics of Reagan's economic policies, such as Speaker of the House Tip O'Neill, saw similarities between "Reaganomics" and policies that had been instituted under Herbert Hoover in the 1930s. O'Neill predicted that the Reagan administration...
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With four out of five wide-bodies leaving the U.S. carrying cargo to the Pacific Rim, America is inextricably tied to Asian economies. Complicating this is the ability of investors to nimbly outmaneuver politicians by moving large sums of money across borders with a simple click of the mouse. In this program, ABC News anchor Ted Koppel and correspondent David Turecamo assess the prognosis of an ailing Korea as it recovers from its bout of the "Asian...
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Signs of recovery are everywhere: Housing prices have bottomed out, the stock market has rallied, and capital markets are growing. But has the recession ended? When President Obama took office in January 2009, people debated whether a sharp decline in economic activity would trigger more bank failures, culminating in a full-scale depression. Supporters of Obama's policies argue that they have restored confidence and improved the economy. Opponents,...
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Barack Obama came to office promising a change in tone from the foreign policy of George W. Bush, and greater engagement with adversaries. In this 2010 debate, panelists consider the early manifestations of that policy, and the likely results. Supporters say Obama moved toward prudence and realism, and that his personal global appeal has value to America. Opponents say he demonstrates weakness against adversaries like Iran and Russia, making allies...
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Documentary traces the worldwide economic collapse to a 1971 secret memo entitled Attack on American Free Enterprise System. Written over 40 years ago by the future Supreme Court Justice Lewis Powell, at the behest of the US Chamber of Commerce, the 6-page memo, a free-market utopian treatise, called for a money fueled big business makeover of government through corporate control of media, academia, pulpit, arts and sciences and destruction of organized...
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Debate 2: Oct. 7, 2008, Nashville, Tenn. (ca. 100 min.): Senators John McCain, Barack Obama answered questions submitted by a group of uncommitted voters identified by the Gallup Organization and via electronic mail. Questions focused on economy, the crisis in the financial markets, U.S. troop deployment overseas, and other foreign policy issues; moderator, Tom Brokaw.