With the United States facing the greatest financial crisis since the Great Depression, the presidential campaign has finally been forced to get real. So what do the candidates have on offer?

The Paulson Plan appears to be a bail out of Wall Street, more YOYO (you’re on your own) economics for Main Street. Socialization of debt, while maintaining privatized profit.

Will Obama, the candidate of change challenge the fundamentalist free market economics that led to this mess? Can McCain, the fundamental deregulator, reinvent himself as an economic reformer?

Today on GRITtv we discuss the crisis and the bailout with MICHAEL HUDSON, chief economic advisor to Dennis Kucinich’s 2000 presidential campaign and the author of Super Imperialism; ED OTT, Executive Director of the New York City Central Labor Council; MAY CHEN, Executive Vice-President of UNITE HERE; and MAX WOLFF, Professor in the Graduate Program of International Politics at the New School.

We stream live at noon EDT [9 am FDL].

*Post your comments and questions at GRITtv.org.

*Call in at 866-466-2961.

Laura Flanders

Laura Flanders

Laura Flanders, author, and host of RadioNation on Air America Radio, has built a reputation for courageous investigative journalism coupled with compassion and a sense of humor. In writing her last book, Blue Grit, she traveled the country reporting on grassroots success stories and broadcast live to over 150 radio stations from community centers in places including Helena, Salt Lake City, New Orleans, Miami, Las Vegas, and Milwaukee. In her television appearances (Lou Dobbs, Larry King Live,) on radio and in her many books (including Bushwomen: Tales of a Cynical Species) and articles (The Nation and others,) Flanders calls for a new politics of fairness, equality and citizen action. Articulating the human dimension of American communities in trouble, her programs have become destinations for those seeking the skills and the will to make a difference. Flanders is a regular contributor to the Nation Magazine and CNN. Before joining Air America, where she was part of the original lineup, and hosted “The Laura Flanders Show” for three years, Flanders was the founding host of the award-winning “Your Call” weekday mornings on public radio, KALW in the Bay Area and CounterSpin, the radio show of the mediawatch group, FAIR.