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."
2nd Hour guest, chief investment officer Damon Vickers offered an alternative plan to Obama's: We need for the government to fund research that produces new breakthroughs and patents that are domiciled in a US-based corporation that must hire US workers. In return, this corporation would be given preferential tax treatment for a period of 30 years. This is a smart way to use the tax code to benefit entrepreneurship, America's inventiveness, and job creation, he said. There are some good elements to Obama's proposal but they are just short term fixes, he added.
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In third hour, medical doctor and naturopath Jerry Tennant reviewed the principles behind voltage medicine. After he came down with encephalitis, he made the discovery that illness is associated with low voltage in the body's cells, and was able to cure himself with treatments that addressed this. He also talked about the US government's crackdown on medical information, citing an instance where Dr. Andrew Weil had to remove commentary on his website about taking the herb astragalus to combat the flu, after being told it was in violation of the Patriot Act.
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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.
News segment guests: Douglas Hagmann, Mitch Battros, Steve Kates