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February 6th, 2009
09:45 PM ET

Live Blog from the Anchor Desk 2/6/09

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Filed under: Live Blog • T1
soundoff (517 Responses)
  1. Jill - Missouri

    Good evening Anderson. How about we have options and create true bipartisanship. Democrats can take advantage of the the socialistic transfer of wealth in Obama's tax cuts for incomes less than 200K, and republicans you opt out and give your tax cut to any large company of their choice. Seems like a win/win to me. Who could complain about that?

    February 6, 2009 at 10:28 pm |
  2. brian

    love ya anderson.You do a great job.By the way,the bankers are going to vegas to borrow money from the mob and attend a home forclosure seminar where they can buy more bad debt.Fire em all.

    February 6, 2009 at 10:28 pm |
  3. Heather

    I don't think the Repubs are working for us. They are killing us very low. What Pres. Obama needs to do is srep back and let the chips fall where they may. Because this is not his fault it's the Repubs. BUSH and all the rest.

    February 6, 2009 at 10:28 pm |
  4. Ona Marie Brooks

    Anderson, I think we have to control Banking First. We have to also make sure that these banks hire former honest mortgage brokers and real estate agents to assist with restructuring loans. Have Fannie and Freddie do the same.

    We should but a bulk of the money in Infrastructure, invest heavily Entrepreneurs, Technology, Biotech Companies, Manufacturing and Creating Manditory Educational Programs and Schools that will get people off of Welfare.

    February 6, 2009 at 10:28 pm |
  5. Heather

    I don't think the Repubs are working for us. They are killing us very low. What Pres. Obama needs to do is srep back and let the chips fall where they may. Because this is not his fault it's the Repubs. BUSH and all the rest

    February 6, 2009 at 10:27 pm |
  6. Jackie- Iowa

    Hi Anderson,

    You know I have been watch this mess in the Senate go
    on all day..John McCain got up in front of everyone and shot off his mouth about what should be put in the pkg and what should be taken out . Does he not remember that he lost the election
    because his plans "sucked" . Also wasn't it he who said while
    on the campaign trail that the goverment and jobs were "fundamentally sound " Please... does that not tell anyone
    about how he should be thown out of the discussion completely !!!!
    He even said he didn't have much knowlege in economics so has he all of a sudden gotten educated since tjhe election. !!!

    February 6, 2009 at 10:26 pm |
  7. Theresa

    The Senate Democrats cannot possibly be considering passing this so called latest compromise on the Stimulus Plan. 42% Tax Cuts!! When expert economists state this is the least effective method for positive turnaround. And Education taking such a hard hit! And then John McCain has the nerve to still lead the pack of criticism. Stop letting the Republicans dictate the direction recovery needs to go! They’ve apparently decided in secret behind close door meetings they’re not going to support anything.

    February 6, 2009 at 10:26 pm |
  8. CaseyJ - Palm Springs, CA

    @Jim in Fresno...You are absolutely right! Everyobody talks about 80-90% of jobs being created by small businesses, but small businesses (especially in the state of California) get shafted–especiall when it comes time for our "leaders" to put the money where their mouths are!

    February 6, 2009 at 10:26 pm |
  9. Michelle D. Fonthill,Ont

    A nobel prize author made refrence to the country going into a great depression it's scary !

    February 6, 2009 at 10:26 pm |
  10. Bethany-MI

    Evening Anderson, Erica, and crew.
    As a college student, I'm definitely worried about the performance of banks. How can those that need to take loans for higher education keep going to school if the banks now refuse them loans? I'm facing this situation for the first time, and I'm skeptical that this stimulus plan will be able to boost banks across the country.

    February 6, 2009 at 10:26 pm |
  11. Mike, Syracuse NY

    Coast Guard Cutters would appear to be an excellent investment. It creates manufacturing jobs in shipyards and the USCG has ancient ships. It is something we actually need, unlike bee insurance or resodding the Capitol Mall.

    February 6, 2009 at 10:26 pm |
  12. patrick michigan

    i agree with you lynn there is to much old school blood in washington we need term limits in congress fresh blood fresh ideas and we need accountability

    February 6, 2009 at 10:26 pm |
  13. Loraine Stennett

    Hello Anderson,
    I have been watching as the economy takes a downward spiral, and Congress, especially the GOP losers squabble over this recovery bill. They are living in a bubble and do not quite understand the problems of everyday Americans. Those unemployment numbers are not the true numbers. My co-workers and I (about 9) of us were laid off in November. We do not show up in the unemployment numbers because we are not eligible to apply for unemployment bebefits. We were given a severance package, and cannot get unemployment benefit until we have used up our severance. So we will either get jobs before it runs out or we will show up in the numbers in the next six months. Meanwile our families are concerned about what is going to happen to us in the next six months, if we do not get jobs, which is not likely given these awful jobless figures. I guarantee you my senator will be hearing from me, if he votes against this Recovery bill. I would urge these congress people to think before they sink themselves. The ballot box is still a very powerful, powerful voice in this country. The GOP will continue their downward slide, if they do not stop the road block they are putting up in congress. Mr. Michael Steele tahe note.

    February 6, 2009 at 10:26 pm |
  14. judy-nyc

    hello Everyone,
    David, i'm happy the Stimulus bill looks like it will pass–i appreciate the Senators dilligence. I'm sorry tho' that education always gets chopped.
    I have educator friends here, many in borough schools, like Brooklyn. Crumbling buildings, outdated textbooks. And wish the tax cuts not quite so big. Don't understand John McCain's statement "Sad day for the country." He's said "country first." People are hurting. A compromise bill seems "country first, ideology last."

    February 6, 2009 at 10:26 pm |
  15. Robert

    Where does Senator McConnell's 4% 30-year fixed-rate mortgage re-finance proposal fit in the stimulus bill?

    ...or is it a seperate issue?

    What are its chances of passing?

    February 6, 2009 at 10:26 pm |
  16. lynn

    Janine: It one hundred thousand people go out and spend that extra 20-40 dollars, it is the quickest way to get dollars into the economy.

    February 6, 2009 at 10:25 pm |
  17. Jim Vaughn

    I don't support the Republican position that it should all be in tax cuts and not in projects. When all is said and done, I want to be able to point to projects that were built with the "stimulus". I don't want to see it just flow through the ecomomy in a couple of months with nothing to show for it. If our children will be paying the bill, why don't we leave some great public works for them to enjoy and put people to work in the short term and longer term. This was the lasting result of the New Deal. Dams, libraries, roads, museums and public buildings were built by Rooselvelt programs that we can still use and enjoy the benefits of.

    February 6, 2009 at 10:25 pm |
  18. JoAnn

    As of this morning some of the education cuts were in special education and early childhood education. If you have a child with a need with early intervention, such as speech which goes hand in hand with reading and writing development, kiss that good-bye. The cuts were not just in "building" costs. All students will suffer from cuts in education–we have suffered with eight years of higher demands with continued cuts and our system shows the effect of that!

    Just an FYI, news reporters keep saying education is hiring but the school district where I work is seriously looking at laying highly-qualified teachers off.

    February 6, 2009 at 10:25 pm |
  19. Camille

    Why don't we the public just give President Obama a chance to do what has to be done. This problem was't created overnight nor will it go away overnight >I did't hear this much talk from the public when President Bush set and done nothing to let this happen. So let's be fair this President has only be in office for 17 days NOT 8 YEARS...

    February 6, 2009 at 10:25 pm |
  20. Donna

    I'll agree that there are some things in the stimulus that can wait. But, is there one Republican that doesn't have tunnel vision. They are so busy yelling tax cuts, the can't look at the big picture. The way I see it, infrastructure, health care, education, food stamps, housing, are all interdependent in some fashion. They each are apart of the whole and if one piece is missing, it slowly affects the welfare or function of the others.

    We elect these people to look out for our welfare and the welfare of our country, but all I see is bunch of 2 year olds squabbling over a cookie to see who is going to get the largest piece while the people of this country get left with the crumbs (if we're lucky).

    February 6, 2009 at 10:25 pm |
  21. John from Fort Lee, NJ

    Regarding your picture tonight;

    Harry Reid's Prayer

    Obama who art in the White House,
    Brilliant be thy Game!
    Oh here you come,
    With a package done,
    For America’s Great Recovery!!

    February 6, 2009 at 10:25 pm |
  22. Michelle

    Anderson the answer to your question is college is becoming
    less affordable for large segments of the population.
    College grads earn more money and more opportunities.

    February 6, 2009 at 10:25 pm |
  23. Michelle D. Fonthill,Ont

    Gerry I agree with you the rich get all the tax cuts The Gop should be thrown out .

    February 6, 2009 at 10:25 pm |
  24. JIM

    Good evening. It seems many of you are very relieved to have this pass as we are told it will avert disaster. What do you actually think it will do. The credit markets are still near frozen and the fed is printing new money at rates not seen in years. This bill needed to be either 4 times as big or not passed at all. Simply not enough to spark innovation or stem the bleeding. Especially, the tax cut portion. Im not trying to be divisive, but a realist. I feel like Bush and Pelosi were just telling us the same thing when they demanded that Tarp pass. It is not a popular reality but, we are broke and China will soon stop lending. Whenever someone tells you the sky is falling and a decision must be made ASAP, RUN

    February 6, 2009 at 10:25 pm |
  25. Miranda

    Mr. Gergen you reconcile it by putting the people first before you agendas regardless of political affiliation some things are above that like homelessness, unemployment, and skyrocketing debt for America to foriegn countries.How's that for motivation to reconcile.

    Mr. Brown I live in California and the railway you speak of is not only going to be a huge debt to our state(controlled by one private company on their terms), and will take a long time to build, we need to repair our Amtrak and railroad tracks that exist already so we can avoid another train disaster.

    Anderson- please find the names of the Senator's serving self interests first/personal pork and not the American people?!For when, by being informed, it comes for re-election we can vote them out.

    Thanks,
    Miranda

    February 6, 2009 at 10:25 pm |
  26. Lori from IL

    To Patrick in Michigan - I heard earlier today the Senator Kennedy was flying in from Florida for the vote.

    Anderson - Looking forward to the President and First Lady's "Date Night" story. Glad they are keeping up their tradition - I think it will help him keep his sanity. I really like the "mix" of stories on 360.

    February 6, 2009 at 10:24 pm |
  27. Chris Sosa - Boston, MA

    Yes, Belinda, and others echoing the same sentiment, tax cuts during an economic crisis such as this are thoroughly ineffective as the money spent on such cuts is needed for immediate job creation through infrastructure spending. There is a time and place to discuss tax cuts, but this isn't it. Republicans are simply trying to force their philosophical views of the way in which the economy should run by using this crisis as a launch pad.

    February 6, 2009 at 10:24 pm |
  28. Jasmine- Spokane

    There needs to be some regulation on what the Senate or the House adds to these so called bills. it baffles me to hear that money was ADDED to the bill when everyone is clearly worried about spending.

    February 6, 2009 at 10:24 pm |
  29. EJ (USA)

    Pell grants allow more people to afford college.

    February 6, 2009 at 10:24 pm |
  30. EM-Fort Wayne, IN

    Go higher education...this is why education should be funded!

    February 6, 2009 at 10:24 pm |
  31. Carol

    Once the stimulus leaves the house and is put into action, I believe the announcement of it being passed will stimulate the economy – whether or not it is watered down or not. I'm contemplating buying a house or a car, but want to see what incentives will come about from the stimulus.

    February 6, 2009 at 10:24 pm |
  32. Brandi - bottom of the boot

    i cant say im surprised at the education cuts. i think the whole education system needs to be revamped. it is antiquated and does not serve all the students. i think the schools should be forced to comply with already existing laws prior to getting more.

    February 6, 2009 at 10:24 pm |
  33. Sherry

    I don't understand why the education mondy was deleted from stimulus. President Obama campaigned hard on this project. What a battle today. McCain and Vitter were down right defiant in rejecting the stimulus bill. I am one those who recently lost my job of 13 years and even though this may not be perfect I am willing to give it a try.

    February 6, 2009 at 10:24 pm |
  34. jeannie

    Hi All,
    Can you believe out of everything stuck in that bill they chop down education, then cannot figure out why we cannot compete in this world!!

    February 6, 2009 at 10:24 pm |
  35. Heather

    Listen I'm Tired!!! It's there job to get this done but I don't know what they are waiting for. Pleople are living in shelters,in soup lines,nit working,unable to feed their kids,going so low that they turn to take there own lives and have no were to turn. I don't care what the problem is but they need to fix it. Because of them we are here.

    February 6, 2009 at 10:23 pm |
  36. Jason D

    Cannt see that much pork.

    February 6, 2009 at 10:23 pm |
  37. jim

    i totally suport education – but until we get everyone, including government workers onto a national health plan vs a government paid plan, and off of government retirement plans and alongside the rest of the population who count solely on a strong social security system, we will not be able to benefit for all the savings of scale that exist, and only then will people who vote their conscience vs to protect their public tax payer paid benefits.

    February 6, 2009 at 10:23 pm |
  38. niwat, Chicago, IL

    Hi AC, AC360 crew and chatters,

    I don't think the economy is just depressed, on the other hand, it partially grew weakly upon sub-prime credit industry which advertises consumers to live beyond their means i.e. unnecessary card balances, non-residential second home mortgages etc.
    In addition to the recovery bill which hopefully will pass the senate. What's the regulation for credit industry? and the second TARP should be budgeted toward small business loans, giving tax credits for business owners, providing low-rate interests to encourage grass root commerce which eventually will rebuild consumers' confidence.

    Have a restful weekend, everyone.. i'm so looking forward to 50ish span over the midwest.

    February 6, 2009 at 10:23 pm |
  39. Stacy

    @Mike: I find it hilarious how the Republicans are all of the sudden talking about leaving debt to our children. They didn't seem to have an issue with that for the past eight years. Yes, the bill is good long term. Education improvements, infrastructure repairs, these are things our country desperately need. And yes, they will create jobs. Or should we just let these things continue to crumble? This is what Obama ran and won on.

    February 6, 2009 at 10:23 pm |
  40. Fay - California

    @Stacy, I agree. Are we supposed to believe that the Republicans never have to compromise or make concessions?

    February 6, 2009 at 10:23 pm |
  41. Patrick Feenan, from Belfast, Ireland.

    President Obama is the best thing to happen to the United states and the world, and people should give him a hand up. Nothing will happen with the unemployment problem or the economy until there is a bit of unity among American politicians. Obama himself said, " that he wasn't going to be bi – partizan in his choices for members of his administration, " but somebody should remind Republicans about that not – so – little gesture. Is it a case of sour grapes on behalf of the Republicans because they lost the election? This is for the American people, and the USA should stop helping places like Iraq and Afghanistan, and spend the money on their own people. They get no thanks anyway, and all those billions for Israel? Taxpayers money should be put to better use – FOR AMERICANS!

    February 6, 2009 at 10:23 pm |
  42. brian

    California is broke.Do you think we have a big illegal immigration problem? The rest of the country has no of how bad and how much it costs this state.

    February 6, 2009 at 10:23 pm |
  43. Lisa D

    Anderson

    Will Headstart be receving any of the stimulus funding. I was trying to find out if our kids will be including the education fund.. I think that we fall under title one because we help children that live in poverty striken areas that are unable to afford child care or preschool for heir children.

    Headstart is suffering as well. Because we are unable to provide the proper academic tools that our kids need.

    Please Helpt me to understand how the education money will be distribute.

    February 6, 2009 at 10:23 pm |
  44. Jo Ann, North Royalton, Ohio

    Anderson, Didn't you ever watch "I'm a Bill" on Schoolhouse Rock?

    February 6, 2009 at 10:23 pm |
  45. Lorraine Miller

    As a 90 year old product of the University of Michigan and a former owner of a small corporation, I want to express my opposition to the whole "tickle down" philosophy. I think it is demeaning and insulting to all the hard-working folks who produce our goodies that the tax breaks should go to the wealthy – and that the over-flow (when they are through buying big yachts) will dribble down to those who worked to provide their riches.

    I don't believe the "Trickle-Down Philosophy" will every work – the fat cats are too greedy. to let any more than a few little morsels dribble down to those below.

    I think the whole idea of trickle-down is insulting. And I have lived through a lot since 1919,Lorraine, NC

    February 6, 2009 at 10:22 pm |
  46. Don

    The Senate compromise is smoke and mirrors!! No matter what they cut or revise – once it gets back to Nancy's Gang in the House – you know – the Dems that shut out ANY Republican participation – all of the pork they loaded into the original pkg will be stirred back into the pot at the taxpayer's expense.

    February 6, 2009 at 10:22 pm |
  47. donald

    president obama extened his hand and the republicans clintched their fist this is why nothing gets done for the american people

    February 6, 2009 at 10:22 pm |
  48. patrick michigan

    tell senator mc cain to sell and donate one of his 11 homes to the economy to stimulate the economy who uses 11 homes and keep yelling tax cuts tax cuts

    February 6, 2009 at 10:22 pm |
  49. Rebekah Jensen

    The Republicans consider education to be a pet project? Wow. We're in trouble as a country.

    February 6, 2009 at 10:22 pm |
  50. EJ (USA)

    anderson will senator ted kennedy make it to cast his vote for the dems

    That's what I heard.

    February 6, 2009 at 10:22 pm |
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