Episode 360 • • 2:03:27 - 2:06:36
360: Pencil of Promise
We Can't Wait Show, Moody's Downgrade, Estée Lauder Tax Strategy
The "We Can't Wait" segment covers Moody's threat to downgrade U.S. credit following the Super Committee's failure to reach a deficit deal. A New York Times front-page story about the Estée Lauder family's tax-sheltering strategies is analyzed as a dual message: inciting public anger against the wealthy while reassuring elites that tax hikes will be superficial and easily bypassed.