When you look at that $825 billion bailout, what do you see? Massive government spending? Necessary infrastructure changes? Something shiny? It’s like a Rorschach test for political dogma. So if you’re confused by Rush Limbaugh’s explanation – who isn’t? – here’s a balm: stop listening to self-involved blowhards and listen to people who actually studied economics! Listen to Ali Velshi, CNN’s top business correspondent and author of the new book, Gimme My Money Back. He joins Wilshire & Washington hosts Ted Johnson, Maegan Carberry, and Teresa Valdez-Klein for a spirited discussion on Obama’s big bailout, nationalizing the banks, using new media and social networking, the difficulties of explaining such complex financial issues to the public, and what people can do to improve their own financial position in this struggling economy.

Maegan introduces her new bipartisan project with MediaLizzy (found here), The REAL 100 Days, which will track the media’s coverage of the Obama’s first few months in office and highlight common ground between Republicans and Democrats. Ted, Maegan, and Teresa also tackle Rush as the Republican opposition (they can do better), the hilarious media blitz put forth by Governor Rod Blagojevich (Oprah, really?), and the difficulty of filling open Senate seats (where’s the special election, people?). Join us for this fascinating episode of Wilshire & Washington.

Listen to the show here, subscribe to the iTunes podcast, or use the Blog Talk Radio player:

Wilshire & Washington, the weekly Blog Talk Radio program that explores the intersection of politics, entertainment, and new media, features co-hosts Ted Johnson, Managing Editor of Variety; conservative blogger Teresa Valdez Klein (www.teresacentric.com), and liberal blogger Maegan Carberry (www.maegancarberry.com). The show airs every Wednesday at 7:30am PST on BlogTalkRadio.com.