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February 25th, 2009
11:02 AM ET

Morning Buzz: The US Will Emerge Stronger Than Before

Penny Manis
AC360° Senior Producer

In his first speech to a joint session of Congress, President Obama outlined an ambitious agenda to the nation. He told us that we’ll recover and we are not a nation of quitters. We had heard that he would lace his latest speech with optimism, and he certainly sounded more hopeful.

Did he warm your greasy little heart?

He focused heavily on the priorities of the budget he will present to Congress tomorrow: energy, health care and education. We’ll have more on what he said, and drill down on budget details he may present tomorrow.

Louisiana Governor Bobby Jindal had a big job offering the GOP rebuttal last night. He echoed the complaints of other Republican leaders on Capitol Hill- too much spending- too few tax cuts. He said, “Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line, and saddle future generations with debt."

How do you think they both did-let us know!

President Obama will introduce his new Commerce Secretary nominee today. Former Washington Governor Gary Locke, 57, was the country’s first Chinese-American governor leading Washington state in 1996, and re-elected in 2000. We’ll tell you more about him tonight.

Later, the President will engage in meetings with his economic team, and in the evening, he hosts Stevie Wonder. Yes, you heard me right. The President and First Lady will host this musician in honor of his receipt of the Library of Congress Gershwin Prize for Popular Song. I guess they need a little grooving amidst the economic doldrums. Can u blame them?

Ali Velshi follows Ben Bernanke back on Capital Hill trying to work his magic. After he signaled that nationalization of the big banks was not imminent in testimony yesterday, stocks rose. He also said he hopes the recession could end later this year, although a full recovery could take more than a couple of years. Great, an end in sight, right?

Gary Tuchman traveled to Fargo, North Dakota where folks are thinking: what recession? Fargo’s unemployment rate is low, realtors expect increases in housing sales, and the state budget has a billion dollar surplus. Why is this pocket of the country doing well? Gary has the answer. (He also has great pictures of himself ‘curling’, I believe he was trying to keep warm given freezing temperatures out there!)

See u tonight!


Filed under: Penny Manis • The Buzz
soundoff (35 Responses)
  1. Tonnita

    Obama is a wonderful president. He will do all he can. People need to stop blaming one man.

    February 25, 2009 at 11:18 pm |
  2. Barbara

    Every commentator or regular person if they can think ahead on Obama's plan should realize that he is restructuring the money in government. He is taking from places it should not be and putting it where it is needed. Where is it needed you may ask? Education, Health Care and Energy is where it is going.

    February 25, 2009 at 10:14 pm |
  3. JIM FALLBROOK CA

    The best our socialist president Barack Hussein Obama can hope for is the recession is over by the end of the year. I doubt that the stimulus package will work. I hope it does. However there is a difference of opinion of who got us into this so called crisis. The bottom line dates back to Jimmy Carter Democrat. By not supporting the Shah of Iran, he allowed the current terrorist government to overthrow him. If he had supported the Shah, there would have been no 9/11. Now we are stuck spending billions of dollars in the middle east due to his blunders. This is why we are accruing deficits. Carters legacy has left taxpayers from his time and 3 generations paying for his blunders. Obama should take a history lesson and put the blame where it belongs.

    February 25, 2009 at 9:27 pm |
  4. Michelle

    Well it looks like the Obama family has settled
    on the Port water dog. Does this mean Erica
    will have a follow up. If my memory serves me
    right wasn't that the cool dog that swims.

    February 25, 2009 at 7:31 pm |
  5. Rodney Roberts

    Thank goodness some of the congress and represenatives voted the way a majority of their home constituants wanted them to and didnot just follow party lines. They just dont get that we will no longer put up with earmarks and special intrest spending.We the people voted for a change the way Washington does business. Hopefully the media will not let them ge away with junk spending with money we donot have.

    February 25, 2009 at 3:57 pm |
  6. leesha

    Bobby Jindal never had a chance. Obama's speech had substance and it gives me hope that we are moving towar da better future. It's funny how Republicans were so negative towards the president after his speech. They were seething afte Jindal's speech because they know it failed to resonate with the American people. that party is always gonna be the party of old white men as long as the south never changes.

    February 25, 2009 at 2:21 pm |
  7. Lori from IL

    Penny,

    I thought Presidnet Obama gave a great speech last night. My original reaction was the man we heard on inauguration day is back! Listening to him gives me hope.

    Thanks for clearing up the schedule for tomorrow night - the ads CNN has been running have been very confusing.

    Looking forward to the show tonight to see what, if anything, comes out his economic team meeting today. We all learned last night that Anderson is basically "stalking" Tim Geithner for the scoop on his banking plan. Too funny!

    February 25, 2009 at 1:45 pm |
  8. Luis

    Im glad the U.S. has the best military in the world because that's whats going to save us if the worse comes to worse, TOTAL CURRENCY COLLAPSE.

    People are delusional and think the government has money to fix this mess. They don't have money!!!!

    They have to continuously sell U.S. Treasuries/ Securites to keep the economy rolling. It's a big Ponzi Scheme waiting to be busted.

    February 25, 2009 at 1:38 pm |
  9. Rodney Roberts

    President Obama has his work cut out for him as far as getting this Pelosi run congress spending frenzy under control.They are doing what they want with money we donot have. At a time like this i cannot believe they stuffed thier pockets with pork and nothing we can do about it. For example think of how many taxpayers it will take to just pay for the 30 million $$ marsh mouse in california.They just dont get it.

    February 25, 2009 at 1:30 pm |
  10. c,ca

    Would people PLEASE stop using the phrase "drink the Kool Aid"? It sends shivers down my spine everytime I hear it.

    Do the users of this phrase know where it came from (besides Rush Limbaugh, of course)? It originated with the mass suicide in Jonestown. Hundreds of innocent people were forced to drink a "kool – aid" mixture that poisoned them. Young people, seniors, children......... all innocent people – all dead.

    It's not a cute saying, or funny, or hip. It's sick. It is laughing at innocent people, who were isolated from society and forced to commit suicide. Quite a bit different from supporting the ideas of the political party of your choice.

    February 25, 2009 at 1:29 pm |
  11. diana, Texas

    Bobby Jindal had the perfect opportunity to state what GOP plans are for turning this economy around, instead he pissed it on more GOP rhetoric which we have been hearing since Obama took office. This should tell you that the GOP has not ideals and is in no position to criticize or offer advice.

    February 25, 2009 at 1:27 pm |
  12. Michael "C" Lorton, Virginia

    Did he warm your greasy little heart? We have all good intentions and mean well--what will warm my greasy little heart is when "I see results!"

    February 25, 2009 at 12:18 pm |
  13. GF, Los Angeles

    I'd like to know if Obama plans to cut social services, medical aid and education to the illegals in this country. I find it interesting he says he will go line by line and cut out any unnecessary spending and has already found $2 trillion to cut. Will he have the guts to cut off aid to illegals? We taxpayers have already paid over $300 billion to them.

    February 25, 2009 at 11:44 am |
  14. Michael "C" Lorton, Virginia

    Jindal echoed the complaints of other Republican leaders on Capitol Hill- too much spending- too few tax cuts. He said, “Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line, and saddle future generations with debt,”---Does Jindal realize that it is the Republicans that got us in the mess in the first place? Let he who has not "sinned" cast the first stone--and living a in glass house-Jindal needs to be careful as he cast his stones.

    February 25, 2009 at 11:42 am |
  15. c,ca

    After reading that Gov. Jindal is the "rising star" in the Republican Party, I was interested to hear his speech. Yikes! If Jindal, McCain, Palin, Steele, and Joe the Plumber are the Power Rangers of the Republican Party, it's not hard to figure out why they're in trouble.

    Jindal cranked out the same old line about big government versus the little guy, etc, etc. When he said, '...they believe in big government solving the problem, we believe in YOU – the American people...' Ok, Gov. Jindal what do you suggest I do to fix the problem with Citi Bank? How should my neighbor solve GM's problems? Maybe my husband could jump in and fix health care, and I'll put my mother in charge of education. You certainly make it sound easy. I guess we're just enjoying this crisis too much and it's making us lazy.

    February 25, 2009 at 11:41 am |
  16. JIM FALLBROOK CA

    I am not optimistic of any recovery soon with our socialist president Barack Hussein Obama. He has a incompetent staff and a tax cheat as Treasury Secretary who doesn't know what he is doing. His stimulus package is is filled with special interest pork projects. The stock market has gond down even further than it did in the financial crisis. That doesn't sound like confidence in Obama. I believe Jimmy Carter made a similar statement when he became president. Look what happened. He is the main reason we are spending billions of dollars 30 years later due to his foreign policy blunders. Obama's main goal in my opinion is to tax and spend and be Big Brother.

    February 25, 2009 at 11:30 am |
  17. Isabel, Brasil

    Yes!

    Confidence is the basis of everything!

    Yesterday the President showed competence and power!

    I prayer that America resurface from the ashes like Phoenix, and stronger than ever!
    And this time, who knows my life goes around ...

    February 25, 2009 at 11:15 am |
  18. earle,florida

    President Obama's "State of the Union" speech embolden his determination ,and selfless servitude to bring about a proactive transformation of social and economic justice needed in alligning/retrofitting an archaic political system into the 21st century,with a seemless transition that is doable,and not disruptive! President Obama's,"Energy, Health Care,and Education Program"are spot-on. If he were an Archer with only three arrows in his quiver ,his unique marksmanship, fostered by his intuition would produce a"Triple Bulls-Eye"on target! His speech was positive,and forthright ,something we rarely see, or hear in Washington. Finally ,Gov. Jindal rebuttal was counterproductive,and lame! As an analogy it reminds me of, "a guided missle using a outdated iron gyroscope, functioning on a broken aboriginal compass that's lost it's parochial way" ,not forgetting to mention the pure unadulterated obstructionism. These so called Republican's were the party in control that put us in the position were in to begin with today! Oh,what short memories they have! PS In fairness to these republicans,they're so old to begin with ,maybe it's Dementia?

    February 25, 2009 at 10:44 am |
  19. Michael C. McHugh

    I think America's greatest days were in the past, sometime between 1945 and 1968. Back then, we really were the Great Global Empire, but we've been in a long slow decline since then, as has our middle class and industrial base. That merely means we'll become one Great Power among many, which is normal enough in history.

    I think Obama laid out a very ambitious plan of important issues that will have to be tackled, especially when as the Baby Boomers retire and we'll have to use the Federal Reserve to prop up Social Security and Medicare. He's at least willing to try to deal with these problems, while all the Republicans are offering is the standard cut taxes and let business take care of everything philosophy. Only problem is that business itself of begging and pleading for the government to take care of it.

    So much for free enterprise. When push comes to shove, not even the Chamber of Commerce believes in it, which suggests that there is a serious flaw with the whole philosophy we've been living under since Ronald Reagan.

    Not even Gov. Jindal really believes in it, since he also took almost all of the $4 billion the feds offered to Louisiana under the stimulus plan, all the while saying what a terrible thing it was. Free enterprise and free markets are just pious myths we like to tell ourselves while in practice we all do the opposite.

    February 25, 2009 at 10:21 am |
  20. Cherisa

    President Obama's delivery was powerful. Whatever your party affiliations, you had to be moved to want to pull through this mess. Governor Jindal's speech was the exact opposite. He sounded like Mr. Rogers, at least in the beginning; it took everything I had to listen all the way through to the end.

    As everyone said last night, the devil is in the details. We'll just have to wait and see.

    February 25, 2009 at 10:14 am |
  21. Travis

    This is amazing. 7 days ago the prevailing attitude in this country was that the sky was falling, this was the greatest economic catastrophe the world had ever faced, America was weeks away from financial oblivion!!!

    What changed? $800 billion for a spending bill that actually won't be spent for another year or two, and a speech that was full of hopeful rhetoric and bold proclamations that YES WE CAN!

    People, put the Kool Aid down and take a deep breath. This is not the greatest economic downturn ever, America will survive, and most people will still have jobs and houses.

    However, it is probable that the next generation will not experience an increase in the standard of living. The seeds have been sewn for China to supplant the U.S. as the next economic superpower, Our children will likely continue to lose ground in the education race ( it takes more than money to help a child learn).

    February 25, 2009 at 10:11 am |
  22. Michelle D . Fonthill. Ont

    Thanks Penny I appriciate your quick response
    Have a great day !

    February 25, 2009 at 9:55 am |
  23. Michelle

    I am looking to tonight's 360 sounds like a great
    show. President Obama really hit a grand slam
    last night..I think the Repubs are starting to sound
    like a broken record. The stimulus is now law.

    February 25, 2009 at 9:52 am |
  24. Joanne Pacicca, Solvay, NY

    Those who voted for the Republicans in Congress should watch carefully.

    We are suffering and recovery is a team effort, not a child's game of who get's the last word.

    This economic state of affairs is serious and severe matter. So far, the Republicans have spoken, and it's all negative.

    Time to join the team or have your constituents vote you out.

    Think about it.

    February 25, 2009 at 9:45 am |
  25. MICHELLE JOHNSON~MICHIGAN

    I BELIEVE WE HAVE A CHALLENGE AHEAD !
    ~"YES"~
    FOR WE HAVE A MESS!
    ~WE "THE U.S.A.~HAVE LIVED THREW WORST THINGS REMEMBER~
    OUR FORE FATHERS~
    FOUGHT TO BRING"THE U.S.A." TO THE PLACE IT WAS~
    MY "GRANDPA JAKE" WENT TO WAR
    TO GET OUR RIGHTS AND FREEDOMS TO SPEAK!
    ~"NOW"~ AMERICANS NEED TO VOICE OUR NEEDS~
    WE HAVE GIVEN ALOT ALL OVER THE WORLD!
    IT'S TIME TO BE HERE FOR OUR OWN "COUNTRY'S NEEDS"

    February 25, 2009 at 9:39 am |
  26. Tammy, Berwick, LA

    Both sides gave the song and dance their parties wanted to hear. Obama simply rehashed his campaign rhetoric in the same fuzzy platitudes he always does, and the lemmings bought it and pronounced him savior of the world once more. We'll see in another decade or so when we can't afford to pay for this "save" in our old age how great he really is.

    As a teacher in the public system I can tell you this much. Unless the feds take control over state and local systems and make things better by allowing teachers to teach kids and not tests so schools can get monies for higher scores, they will continue to be the disaster areas that they are. Until parents parent and take an active interest (this doesn't mean complaining because Susie doesn't get her way when she shouldn't have), part of the battle is lost. Until the mindset in education and teacher prep and administrator-prep programs change to reflect best practices and we make these people use them, it's a lost cause. Until politics leave education at the state and local level so that the most qualified get jobs instead of the most connected, it's over. FYI-teachers teach what and how the people up top tell them to even when we know it's going to produce dismal failures. The pedagogy and theory are jokes. I'm with Jindal. Let the parents have options. Maybe when public education realizes it isn't the only game in town that can receive government funds, they'll change what they do and how they treat teachers for the betterment of all.

    Jindal, unfortunately, read a script after God, Jr. spoke. Nothing he would have or could have said was going to make the lemmings happy. Personally, I agree. This stimulus for things that have nothing to do with stimulating the economy was a bad move. Less government is better.

    Bottom line-no one gave real answers or solutions. They both tried simply to make their people feel better about themselves. I could have watched House re-runs all night and eaten chocolate chip cookie dough ice cream and obtained the same effect. In retrospect, I should have. Hugh Laurie is much more appealing to the eye than the Nancy Pelosi aerobic clap fest we all were forced to endure during the speech.

    February 25, 2009 at 9:31 am |
  27. Michelle D . Fonthill. Ont

    Good morning Penny

    Obama did great last night ! The change is coming and it brought out new hope for a better future .It was so amazing to see them waiting for OIbama to sign autograpghs it felt like he is a rockstar with huge fanfare . Happy lent too all too,I have given up sugar which is going to be a true test of wills !

    Glad to see you back Betty Ann @best wishes to you ! I hope your ankle is healed now .
    Have a great day !

    P.S. Is 360 on at 11 pm tommorrow due to an spoecial of 360 at 10 pm?

    February 25, 2009 at 9:24 am |
    • pennymanis

      G'morning Michelle- tomorrow we have a regular newscast at 10pET, but in our 11pET hour we have a Black in America Part 2 special.

      February 25, 2009 at 9:49 am |
  28. Rochelle

    I usually never watch the Republican response but was very interested to hear Jindal speak, the so called, rising star of the Republican party. I think it ironic on the day of his 'coming out party', a vendor released a DVD tapping on the 'techniques' of Obama to help others learn how to speak in public. Gov. Jindal must have missed the DVD. Amongst other things, I am a professional speaker. Governor Jindal was so disappointing. His words were absent heart and passion. He was reading from a script, with conspicuous moments of redundancy and emphasis. His face was nearly void of appropriate emotion. As a speaker, he was mediocre at best. And not inspirational. Add to this, his content. In most cases he was flat out inaccurate. Louisiana suffered wtih Government neglect and finally got a chance to recover with Government support. His 'theory' and 'philosophy' statements sometimes echoed Obama's and then sometimes went off into Republican la-la land without substance. If this is who the Republicans want to front for 2012 – Hooray!

    February 25, 2009 at 9:01 am |
  29. BettyAnn, Nacogdoches,TX

    Hi Penny!
    We will emerge better than before and we will have world peace. We CAN have it all. YES WE CAN! We simply have to want it!
    Happy Lent! I give up war, and for the moment I've given up money!
    XO's

    February 25, 2009 at 9:00 am |
  30. Helen

    The Republican response was predictable. The President is wrong and we are right. If they were so right, why are we in the mess we are in now? It happened on their watch. They don't seem to be much interested in what the people of this country want and want to hang on to old solutions to new problems. I'm on the President's side.

    February 25, 2009 at 8:54 am |