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This Week: American Economy
This Week
August 20, 2004

This week on NOW:

With some of the deadliest fighting yet in Najaf and the cost of the war by some estimates at $128 billion and growing, Iraq remains the flagship issue in this final stretch of the presidential campaign. If, as some polls suggest, Americans are losing patience with the war, what will it mean in November? Bill Moyers gets the insight of author and political analyst Kevin Phillips. Phillips was the chief political strategist for Richard Nixon's victory in 1968 and wrote the bombshell book EMERGING REPUBLICAN MAJORITY. Ten years ago his best-selling book on the politics of rich and poor influenced the 1992 elections and his recent WEALTH AND DEMOCRACY: A POLITICAL HISTORY OF THE AMERICAN RICH looks at how big money and political power are the invisible hand in the hidden story of the American experience.

This week, as the parties’ political machines crank out ads, both campaigns are crying foul. But with the most polarized electorate in recent memory, are these ads changing the way Americans think about Bush and Kerry? David Brancaccio asks Kathleen Hall Jamieson, one of the nation’s most respected media and political analysts. Jamieson is director of the Annenberg Public Policy Center and author of EVERYTHING YOU THINK YOU KNOW ABOUT POLITICS... AND WHY YOU’RE WRONG.

From devout capitalist to crusader for America’s workers, CNN’s Lou Dobbs has been transformed. “It's as if whatever made Linda Blair's head spin around in ‘The Exorcist’ had invaded the body of Lou Dobbs,” wrote THE WALL STREET JOURNAL about his opinions on exporting American jobs and his calls for a balanced U.S. trade policy. “This is insidious, it is spreading, it is absolutely dangerous in every respect,” he says. Bill Moyers sits down with Dobbs for a candid look at what’s behind this change of heart of one of the most respected names in financial news reporting. Dobbs is the anchor and managing editor of CNN's LOU DOBBS TONIGHT and he anchors a nationally-syndicated financial news radio report. He writes a monthly column for MONEY magazine, a weekly syndicated newspaper column and is a contributing editor for U.S. NEWS & WORLD REPORT. His new book is EXPORTING AMERICA: WHY CORPORATE GREED IS SHIPPING AMERICAN JOBS OVERSEAS.

In Depth


Political Analyst Kevin Phillips

Election 2004: Income and Inequality

Quiz: Campaign Knowledge

Election 2004
Campaign Analyst Kathleen Hall Jamieson

Election Watch Resources: Fact-Checking Campaign Ads Online

The Evolution of Campaign Ads

Outsourcing Debate
CNN's Lou Dobbs

The Debate Over Outsourcing

Respond to NOW's Quote of the Week


Talk about the election on the message boards.


Learn more about the issues discussed on NOW.

Read the complete transcript.

Streaming Video

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War Costs (22:06)

Bill Moyers talks with Kevin Phillips (11:46)

David Brancaccio talks with Kathleen Hall Jamieson (11:16)

Bill Moyers talks with CNN's Lou Dobbs

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