This week Andrew Sorkin talks with CNBC’s “Mad Money” host Jim Cramer and author Jeff Madrick on the bank bailout plan, Carol Kellermann, president of Citizens Budget Commission on the city budget, and Dylan Lauren, owner of Dylan’s Candy Bar, to learn if candy sells in a sour economy.
Featured interviews on the February 12th program:
Jim Cramer
Jim Cramer, host of CNBC’s “Mad Money” will discuss the $800 billion stimulus package and whether he feels U.S. Treasury Chief Tim Geithner’s $1 trillion bank bailout plan will work.
Jeff Madrick
Jeff Madrick, author, journalist and director of policy research at the Schwartz Center for Economic Policy Analysis at The New School, will also lend insight into rescuing the banks and the nearly $800 economic stimulus package.
Carol Kellerman
Carol Kellerman is president of the Citizens Budget Commission and will speak on the New York City budget and what this year means for New Yorkers.
Dylan Lauren
Dylan Lauren, owner of Dylan’s Candy Bar and daughter of fashion designer Ralph Lauren, will discuss whether candy is a comfort food in a sour economy.
New York Times business columnist Andrew Ross Sorkin hosts this seven-part television series featuring interviews that address the evolving economic crisis affecting New Yorkers. The show focuses on issues such as the city’s infrastructure and the effect the crisis is having on cultural programs.
It’s the Economy, NY airs Thursdays at 8:00 pm through the end of February 2009.
A - Too much!!!!
The stimulus package is not enough. I would have liked it to be for more.
Read John Kenneth Galbraith :The Affluent Society . Our publidc sector has been too small for a loong time. It’s past time to rebalance the national economy. It is by no means enough. FDR was also too timid. It took WWII to pull us out of the great depression.
E. Give $50,000.00 to every citizen household and let We the People stimulate the economy. Americans surely know how to spend money. Washington should put their trust in the people who, on the whole, are innocent victims of legalized fraud!
Pumping money in from the top of the pyramid to help the ctizens at the bottom is beyond intelligent logic and absolutely absurd. Obviously it’s business as usual in Washington and the sheep are being lead to slaughter. Wake Up People.
You cannot help the citizens by distributing money from the top. Any one who knows economic principles knows that by the time the average citizen gets to touch that money, the inflationary devaluation has taken it’s toll. 800,000,000,000 more dollar bills added to the previous 1,300,000,000,000 printed last year will destroy our dollar. Those who first receive the money get the most out of it. By the time the people get to touch it it has lost value. Economics 101. Obama insults and threatens the citizens of the USA by promoting a bill that will expidite the destruction of our dollar. The fantasy carrot we are told to believe in, of creating jobs, is meaningless if it costs $15.00 for a loaf of bread and $25.00 for a gallon of milk. Can those with jobs afford that without a raise? If you read the Stimulus package you will see that 300,000 jobs will be set aside for cheap illegal alien workers in the construction of roads and bridges in ust the first year. Wake Up people. Read. Educate yourself. Stop believeing the media touted self serving “experts” who you have never heard of! Didn’t your parents teach you not to trust strangers!
Trust in yourself and your researched knowledge.
Try using your own mind and Google: Mises Institute of Economics and Austrian School of Economics, Council on Foreign Relations, AMERO and How fractional banking works) Stop being sheep! Be an American!
NO STIMULUS PACKAGE unless it goes directly to the people. Mortgages would be paid off, car loans, student loans paid, new cars bought, new homes build, precriptions paid for, vacations, wardrobe for that interview, and new things for the home. A Check sent to every household would surely stimulate the economy! Giving it to Banks, corporations and campaign contributors only makes them richer and people poorer. WAKE UP people, read and educate yourself before it is too late! PLEASE. Banks cannot fail because our fractional banking system allows them to loan 10 times the money that they claim to have in deposits. They print money out of thin air electronically and then loan it out for interest! If they made bad loans… they lost nothing! How can they fail?????? Why give them money? Give it directly to the people since we are the ones who have to pay that loan back! Google Fractional Banking. Learn for your self the honest provable truth. Just say NO to unlawful government.
Would like a larger stimulus package–even more jobs
Bravo Jay! I am have recently entered my last year working on my docterate on economics. People need to wake up and start looking outside of the media for their information due to the fact that they only tell you what they want you to know. I have studied the austrian school/Mises institute of economic principlea and they had predicted this crisis in America as far back as the late 1970s. In my professional opinion I believe that if there must be a “stimulus” package it should be for the people not the corporations, since “we” are the economy. People need to read the stimulus bill and become familiar with it before they can properly present their opinions. Although I do understand how much people are finacially hurting right now, this package will not solve their problems.
This fall we put our contorted economy on life support. It shows no signs of regaining consciousness. Why would we want to stimulate this behemoth? We are heading into a new age and we need a NEW economy, not a dieing one on public life support. Our government should be there as we help each other with the pain of these events, but it is a false expectation that we will be able to revive our present system with the right “public stimulus spending”. Even if there is a miracle cure out there, do we really want that economic system revived?
Disappointing show. You have the opportunity to discuss important issues of NYC government budget with Ms Kellerman and allocated just minimal time to that segment. Having a discussion with the rich and famous candy owner isn’t what I would expect from this show.