Hear: Obama's Political Economy
On today's Planet Money:
-- President Barack Obama says the $787 billion economic stimulus plan will create jobs and help pull the country out of the recession. The exact amount of lift depends on a concept economists call "velocity." Ian Shepherdson of High-Frequency Economics catches up.
-- The Obama administration has repeatedly called nationalizing the banks the wrong approach. U.S. policy analyst Sean West of Eurasia Group says the White House is still leaving the door open to that option, but quietly.
-- Jason Bailey is living the good life in Greater Detroit. Seriously, he's got it lined up.
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