A Call to Transform Our Economy

Now, they’re just toast.

Everybody wants an end to the chaos on Wall Street. But some want more, and say we won’t rebound without it. Robert Kuttner is calling for a progressive transformation of the American economy. A U-turn on Reaganomics. Massive government investment. And he wants Barack Obama to lead it.

Would Obama? Should Obama?

This hour, On Point: Financial crisis, and a call for American transformation.Guests:

Peter Coy, economics editor at BusinessWeek magazine. He's closely following the bailout of AIG.

Robert Kuttner, founding co-editor of The American Prospect, distinguished senior fellow at the think tank Demos, and columnist for The Boston Globe. His new book, "Obama's Challenge: America's Economic Crisis and the Power of a Transformative Presidency," has just been published. He previous book is "The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity."

Read an excerpt from "Obama's Challenge."