Lou Dobbs Tonight
Thursday, August 16, 2007

Tonight, the sixth straight day of major losses on Wall Street
as the nation’s largest mortgage lender is forced to borrow
$11.5 billion to remain afloat. Even with housing prices
falling, home ownership remains out of reach for millions of
Americans as lenders become more reluctant to extend credit.
We’ll bring you the latest on the credit crunch and how it’s
affecting the middle class.

Mexican drug traffickers are working hundreds of miles inside
America’s borders, operating marijuana plantations in our
national forests. A joint task force of California and Federal
authorities closed down one such marijuana farm in California’s
Sierra National Forest this week, tearing out sophisticated
irrigation infrastructure and putting acres of drug activity
out of business. Our cameras were there and we’ll have that
story tonight.

With the avalanche of recalls and warnings about imports from
China – affecting everything from children’s toys to the food
in our supermarkets – we ask what the U.S. government is doing
about the problem. With drugs and food, it is an issue that is
going to be addressed in the next year: but what about right
now? Why does China keep getting off the hook and when will the
administration start taking this threat seriously and take
action? We’ll bring you that report tonight.

And, we'll be joined by James Califano, President of the
National Center on Addiction and Substance Abuse at Columbia
University. He'll reveal the troubling findings of a new study
on drugs in America's schools.