Friday, September 9, 2011

Catherine Austin Fitts | Economy, September 8, 2011

Source: coasttocoastam.com, solari.com



In the last hour, researcher James Chiles joined the show to talk about the massive Southern California & Arizona power outage, which had occurred earlier in the day. There have been concerns down there about the southwest power link covering such a wide swath, and San Diegans have wanted to get their power from a more decentralized source, he noted. Open Lines calls rounded out the hour.

The first half of the show dealt with the economy and Pres. Obama's just announced jobs plan. In the first hour, investment advisor Catherine Austin Fitts noted it was unclear where the money would come from to pay for the jobs program, considering America's debt problem. In regards to proposed tax breaks for workers and businesses in the plan, she commented that "if you're going to bring a trillion dollars back in to this country, and give corporations a get out of jail free card in terms of paying reduced or no taxes, then you're going to have to parse some benefits out."