Kresta in the Afternoon – December 9, 2008 – Hour 1

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    First Topic – Gov’t Could Take Stakes in Big 3?

    Congress and the White House are inching toward a financial rescue of the Big Three auto makers, negotiating legislation that would give the U.S. government a substantial ownership stake in the industry and a central role in its restructuring. Under terms of the draft legislation, which continues to evolve today, the government would receive warrants for stock equivalent to at least 20% of the loans any company receives. The company also would have to agree to limits on executive compensation and dividend payments, much like those contained in the government's $700 billion rescue of the financial industry. U.S. Congressman Thaddeus McCotter of MI joins us.

    Second Topic – The Big Push for an American Theocracy?

    Alongside a Nativity scene at the Legislative Building in Olympia, Washington, a sign put up by an atheist organization, and allowed by the Governor (a Catholic) states that "religion is but myth and superstition that hardens hearts and enslaves minds." The Freedom From Religion Foundation says it’s important for their viewpoints to be validated alongside everyone else's. In a debate on this program last Friday. Freedom From Religion Foundation Co-President Annie Laurie Gaylor came right out of the gate claiming that there is a vast effort underway to create a Christian theocracy in the United States. Although unable to name a single person who is pushing this effort to create a theocracy, she stuck to her guns. Unfortunately, this is a common theme about which books, articles, and speeches have been written by the hundreds. But is there ANY basis in fact? Al tells us.

    Third Topic – Pakistan won't turn suspects over to India

    Pakistan said today it would not hand over suspects in the Mumbai terror strikes to India and warned that while it wanted peace with its neighbor, it was ready for war if New Delhi decided to attack. The remarks came as Indian police released the names of nine suspected gunmen killed in the carnage, reiterating that ALL of them came from Pakistan.Tensions have been mounting between the nuclear-armed neighbors after India said it was keeping all options open following last month's attacks on its financial capital, where 172 people were killed and more than 300 wounded. Dr. Walid Phares of the Foundation for Defense of Democracies says it will get worse in the region before it gets better. He joins us.

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