BTS 1/19/09: Economic Crisis; Obama and MLK's Legacy

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It is Martin Luther King Day, the last day of the Bush administration and the day before the historic inauguration of our first African American President. Is this MLK’s dream achieved or simply the down payment, as Tavis Smiley has said? We’ll ask Bill Fletcher Jr. and Horace
, both long time organizers of community and labor what they think.

But first, we’ll talk to Michael Hudson about the economy Obama inherits, the ‘depression this time’ or, as he puts it, the oligarchy is prepared and is putting the class war back in business.

Read More for info on tonight's guests:

1. Michael Hudson is a former Wall Street economist specializing in the balance of payments and real estate at the Chase Manhattan Bank (now JPMorgan Chase & Co.), Arthur Andersen, and later at the Hudson Institute (no relation). In 1990 he helped established the world's first sovereign debt fund for Scudder Stevens & Clark. Dr. Hudson was Dennis Kucinich's Chief Economic Advisor in the recent Democratic primary presidential campaign, and has advised the U.S., Canadian, Mexican and Latvian governments, as well as the United Nations Institute for Training and Research (UNITAR). A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002).

2. Bill Fletcher Jr. is a longtime labor activist (AFL-CIO, SEIU, Mail Handlers, and UAW, District 65), former President of TransAfrica Forum, is a Senior Scholar for the Institute for Policy Studies in Washington, DC. Fletcher is a graduate of Harvard and has written numerous articles published in a variety of newspapers and magazines. He is also co-author (with Fernando Gapasin) of Solidarity Divided, University of California Press (2008), and co-author of the pictorial booklet The Indispensable Ally: Black Workers and the Formation of the Congress of Industrial Organizations, 1934-1941.

3. Horace Small is Executive Director of the Union of Minority Neighborhoods, and has more than 30 years experience as community organizer, known for his creativity and effectiveness in building coalitions that win.