February 6 - Behind the Stock Market's Wild Fluctuations; Trump's Cynical Exaggeration of the Threat Posed by MS-13; Trump's Termites Eating Away at the Foundations of American Democracy

Share this Share this

Full Program


Part 1

We begin with the wild fluctuation of the stock market after its biggest-ever plunge on Monday and examine the underlying causes with economist James Galbraith, Chair of Government/Business Relations and a professor at the School of Public Affairs at the University of Texas and author of “Inequality: What Everyone Needs to Know”. He joins us to discuss how much of a factor the fear of inflation and rising salaries played as the market closed at the end of today up 567 points after a loss of 1175 points on Monday following a loss of 666 on Friday.  All this taking place as the new head of the Federal Reserve was sworn in while the President of the United States Donald Trump displayed even greater volatility, venturing into the rhetorical world of egomaniacal dictators like Qadaffi by calling Democrats who did not applaud during his State of the Union address with the same sycophantic enthusiasm as Republicans , traitors. Then today before law enforcement officials Trump announced his willingness to have the United States government grind to a halt as he threatened to hold the fate of “Dreamers” hostage to his wild exaggerations about an imaginary invasion of the country by the MS-13 street gang who he claims are continuing to kill Americans, warning “I’d love to see a shutdown if we don’t get this stuff taken care of”.

LBJ School faculty member James K. Galbraith

Part 2

Then we separate Trump’s fiction from the facts about the El Salvadoran street gang MS-13 which was founded in Los Angeles in the 1980’s and speak with Cora Currier, a journalist who writes about national security, immigration, human rights, and press freedom for The Intercept where she has an article “El Salvador’s Youth are Trapped Between Gang Violence and Police Abuse”.  We discuss the cynical use by Trump of this criminal gang that mostly preys on immigrant Latino communities while wreaking havoc in El Salvador where its ruthless tactics force young El Salvadorans to flee north to the U.S. or either be killed or become killers.

Image result for Cora Currier,

Part 3

Then finally we speak with Pulitzer Prize-winning investigative reporter David Cay Johnston, the co-founder of DCReport.org about his latest book, just out, “It’s Even Worse Than You Think: What the Trump Administration is Doing to America”. He joins us to discuss how Trump continues to win with his supporters in spite of how much the majority of Americans are appalled by his behavior and how by concentrating of his daily outrages, the press are missing the damagse that his Administration which Johnston characterizes as “termites”, are doing as they eat away at the foundations of American democracy.

Image result for David Cay Johnston