UPDATED: Patt Morrison Thurs, 12/18

PATT MORRISON SCHEDULE

Thursday, December 18, 2008

1-3 p.m.

 

1:00 – 1:20

OPEN

 

 

 

1:20 – 1:40

The “New Chinese Banking Overlords:” Remember Who Funds Our Bailouts

When the Federal Reserves loans out close $3 trillion to American investment firms, and the Troubled Assets Relief Program compiles $700 billion to bailout banks, the money in play is often referred to as “taxpayer dollars.”  That not an entirely accurate characterization—the bulk of the money funding the American government comes from Saudi Arabia, Japan and China, which accounts for our $10 trillion national debt.  James Fallows from The Atlantic sat down with the president of the China Investment Corporation who had some friendly advice for Americans:  “Be nice to the countries that lend you money.”

 

Guests:

James Fallows, national correspondent for The Atlantic, based in Beijing

ON TAPE

 

 

 

1:40 – 2:00

State Democrats and Republicans Put Forward Plans

Yesterday [Weds], State Democrats put forward their proposal to address the state's growing budget deficit. Their proposal relies on a series of complex legal maneuvers to raise Californians' gas, sales and income taxes. Earlier in the week, the Republican leadership put forward their plan which relies on combination of program cuts and spending caps. Senator Cogdill, one of the architects of the GOP plan, is here to explain the Republican plan and comment on the Democrats' latest proposal.

 

Guests:

Sen. Dave Cogdill, R-Modesto; Senate Republican Leader

BY TAPE

 

 

 

[NPR NEWS]

 

 

2:00 – 2:30

More Bad News for the Auto Industry: Chrysler to Close All Plants for One Month

Chrysler said Wednesday that it is closing all 30 of its manufacturing plants for a month starting Friday as it seeks to counter the most severe downturn in U.S. auto sales in more than two decades. General Motors Corp. and Ford Motor Co. have announced extensions of their holiday shutdowns as well. How is all the bad news in the automobile industry shaking out at local car dealerships? We take a survey.

 

Guests:

Ken Kang: General Sales Manager, Felix Chevrolet Cadillac (GM) located on Figueroa street in downtown LA

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Terry Miller: General Sales Manager of Galpin Ford

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Chrysler dealer TBD

 

 

 

2:30 – 2:40

Sopranos Tijuana Style: Another Look at Drug Crime in Mexico

 

Guests:

Richard Marosi: Staff Writer for the Los Angeles Times

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• His piece in Thursday's LA Times details a vicious crime boss that's responsible for much of the carnage in Tijuana

 

 

 

2:40 – 3:00

OPEN