Show: The LaRouche Connection

Episode: 0731 President Obama's Options Part 2.mpg

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Episode Description:

On January 16, one week before Barak Obama’s inauguration as the 44th President of the United States, and again two days after the inauguration, on January 22, Lyndon LaRouche issued gripping and concisely organized calls, in the form of two international webcasts, to the incoming President and those in the broader institution of the Presidency, to immediately put the world financial system into bankruptcy reorganization. Without this measure—which so far almost no “experts” have been wiling to contemplate—no other reforms stand a chance.

In its coverage of these two events, moderated by Debra Freeman, The LaRouche Connection Program 730 featured Mr. LaRouche’s opening remarks and the first question from the discussion session from Jan. 16. Program 731 features Questions #2-5.

• From a section of the Obama Transition group: “When you speak about a New Bretton Woods, and you talk about a credit system, not a monetary system, is it necessary to create two completely separate agreements: on the one hand a new financial architecture, with agreements tied to it as to how each nation will value its money, and everything that’s attached to that; and then, as well, an international credit arrangement, that would be directed toward multinational approaches to great projects, etc.?”

• From a national official inside the labor movement: “Right now we are a minimum of 10 million jobs short, just to keep up with our current levels of operation. If radical action is not taken, 10 million middle-class Americans are going to be thrust into poverty, and an additional 6 million into ‘deep poverty.’ Obama’s plan includes only $90 billion for infrastructure. How do you propose that we address this overall situation. How can we address it, rapidly enough, to stop the catastrophe that seems to be looming?”

• From a prominent international economist involved in the Transition: “Do you agree with me that we need Federal spending on the order of a minimum of $800 billion a year, simply in job creation, to achieve an economic recovery? Do you have any concerns regarding the Federal deficit?

• From the Obama Transition group: “One of the biggest problems you’re going to face as you try to rescue this economy, will be finding enough job-creation projects that can be started quickly, say within six months or less. America probably has less than $150 billion ‘shovel ready ‘traditional WPA-type programs—building roads, schools, ports, and other hard infrastructure right now. We have to find lots of other ways to push funds into this economy, such as upgrading the infrastructure behind the Internet; upgrading the electrical grid from the standpoint of computerization; improving information technology in the health-care sector, etc. You have in the past been very skeptical about the benefit of job creation in these areas. Please comment.”

[For a complete transcript of the Jan. 16 webcast, see EIR magazine, Vol. 36, No. 3 (Jan. 23, 2009), pp. 4-15.]

Release Date: Feb. 16, 2009

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