How The Housing Crisis Spread, And What Happens Now
From high mortgage rates to shortages that have spread coast to coast, New York Times reporter Emily Badger explains the roots -- and consequences of our country's broken housing system.
Tax Cut: Last weekend Congress approved the biggest tax cut in twenty years. The bill reduces rates in all income brackets… and most taxpayers will get refund checks this summer. President Bush has hailed the plan as both ‘profound and fair.’ A panel joins Diane to discuss the tax cut legislation and its economic and political implications.
Guests
- Norman Ornstein Is resident scholar at the American Enterprise Institute; coauthor with Thomas Mann of "The Broken Branch: How Congress Is Failing America and How to Get It Back on Track."
- Bruce Bartlett Columnist, former Reagan economic policy aide, and Treasury Department appointee under George H.W. Bush. Latest book: "The New American Economy: The Failure of Reaganomics and a New Way Forward."
- Robert Greenstein Founder and executive director of the Center on Budget and Policy Priorities.
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