PLEDGE NOW
The Economic Handoff
In this Jan. 5, 2009 file photo, Treasury Secretary-designate Timothy Geithner looks on at left as President-elect Barack Obama meets with members of his economic team at his transition office in Washington. Geithner, President-elect Barack Obama's choice to run the Treasury Department and lead the economic rescue effort disclosed to senators Tuesday that he failed to pay $34,000 in taxes from 2001 to 2004, a last-minute complication in an otherwise smooth path to confirmation. (AP)

Treasury Secretary-designate Timothy Geithner looks on, at left, as President-elect Barack Obama meets with members of his economic team at his transition office in Washington on Jan. 5, 2009. (AP)

First it was the banks and Wall Street in crisis. Then, the whole economy. Now it’s the bailout itself in the hot seat.

Nevermind the nail-biter over TARP funds, and the billions that seemed to disappear into the gullet of the banking world. In the high-wire economic handoff from Bush to Obama, the near trillion-dollar stimulus package itself is being buffeted from all sides. It’s too big. It’s too small. Too fast. Too slow.

It’s not easy pulling out of the dive we’re in.

This hour, On Point: What Bush leaves Obama. The high-wire handoff — and rescuing the bailout.

You can join the conversation. What are you expecting from team Obama?

Guest:

Joining us in our studio is Linda Bilmes, lecturer in public finance at Harvard’s Kennedy School of Government. Former assistant secretary and chief financial officer at the U.S. Commerce Department, she is co-author, with Joseph Stiglitz, of “The $3 Trillion War: The True Cost of the Iraq Conflict.”  Her new article with Stiglitz, “The $10 Trillion Hangover: Paying the price for eight years of Bush” (subscription required), is on the cover of the January issue of Harper’s magazine.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 25, 2015
New York Times columnist David Brooks explores a history of American moral character in his new book, "The Road to Character." Former US Labor Secretary Frances Perkins (R), is one of the subjects he profiles in his books. (David Burnett / AP)

New York Times columnist David Brooks on finding moral character in a self-preoccupied society.

May 25, 2015
Violinist Regina Carter warms up in the On Point studio on Friday, October 17. (Robin Lubbock / WBUR)

Regina Carter turns her jazz violin down home with her new album “Southern Comfort.”

RECENT
SHOWS
May 22, 2015
The Barden Bellas, the all-female a cappella group at the center of Pitch Perfect 2. (Richard Cartwright/Universal Pictures via AP)

Pitch Perfect 2 is the number one movie in the country, and it’s over the top on a capella.

 
May 22, 2015
Crashed cars with airbags deployed are shown to visitors as part of the display of Toyota Motor Corp.'s safety performance standards at the automaker's exhibition hall in Toyota, central Japan. (Shuji Kajiyama/AP)

ISIS rolls on. A TPP vote. Biggest recall ever – airbags. And Letterman’s last bow. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
A Former Bike Gang Member Explains "The Life"
Tuesday, May 19, 2015

Larry called in from Lawrenceburg, KY and told us he was once a member of the Pagan’s Motorcycle Club, a mid-Atlantic biker gang. He didn’t sugar coat the facts as he explained the draw of the brotherhood and what makes the outlaw motorcycle corner the underworld go round.

More »
Comment
 
Our Week In The Web: May 15, 2015
Friday, May 15, 2015

We cancel a few hours and suddenly all of you get convinced of a global radio conspiracy! Plus, dragon zoos.

More »
1 Comment
 
Caller: ‘It Doesn’t Always Turn Out Okay’
Wednesday, May 13, 2015

One caller shares her own story of an extremely premature birth. Her daughter, born at 22 1/2 weeks in 2012, was taken off life support after seven days.

More »
Comment