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March 2nd, 2009
09:45 PM ET

Live Blog from the Anchor Desk 3/02/09

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Filed under: Live Blog • T1
soundoff (680 Responses)
  1. George

    Rush is so blind. We need to support our leaders and pray for them daily

    March 2, 2009 at 10:13 pm |
  2. EJ (USA)

    The people cheering at the conference with Rush have to be total lunatics.

    March 2, 2009 at 10:13 pm |
  3. vanessa from silver spring, MD

    @Brandi- Me too.lol

    POTUS looked nice today with that tie and gold curtain in the background. If POTUS doesn't get this stuff done now, ie health care, energy, education, then it will always be put on the back burner. Yes the economy is the main issue right now, but energy, education, and health care reform can help the economy.

    March 2, 2009 at 10:13 pm |
  4. Dolph

    Why is AIG so critically important that the Treasury keeps giving them billions?

    March 2, 2009 at 10:13 pm |
  5. Chris G

    Mr. Cooper, Is there another side of the AIG story. Is there no one supporting the idea of letting AIG fail that wanted to be on your show.

    March 2, 2009 at 10:13 pm |
  6. Jacqueline, NY

    Mike Syracuse, NY "Hello blogger, Anderson. Why do you guys give Rush the time of day? He no more speaks for Republicans than Huffington speaks for Democrats."

    WoW! Mike, you surprise me.

    March 2, 2009 at 10:13 pm |
  7. Gloria, Brooklyn, NY

    Now, I know AIG is not on the street saying, "Can you share a dime?"

    March 2, 2009 at 10:13 pm |
  8. Isabel, Brazil

    Anderson and David,
    There is a fear a wave of protectionist by the countries worldwide.

    The Brazilian government today, positioned itself against this and said that protectionist wave only worsen the global economic crisis.

    Do you agree with that?
    These hours is difficult doesn't defend the interests of the own country think of the surroundings.

    March 2, 2009 at 10:13 pm |
  9. Carl

    No more bail outs. Let the dust settle, let the markets self adjust and leave it all alone.

    Its like throwing money at one of our children where we are constantly bailing them out; they never figure out how to be self reliant if the parent keeps helping them along.

    Reality needs to find itself. The only way to do that is to stop throwing money into this hole.

    Its like the circle of darkness that keep regenerating itself.

    March 2, 2009 at 10:13 pm |
  10. Jasmine-Spokane,WA

    Limbuagh should get some more oxycotton and get in trouble to get away from the political scene.....

    March 2, 2009 at 10:13 pm |
  11. Sandra

    It is ashamed Rush L wants to see this administration fail so badly that he is willing to take down all of America. Keep in mind the mess we are in did not start overnight. Thanks to the GOP.

    March 2, 2009 at 10:13 pm |
  12. Michelle

    Please, who cares about Rush Limbaugh.
    Time for me to change the channel.

    March 2, 2009 at 10:13 pm |
  13. David, Indiana

    Hi Anderson, Erica, Megan, Chris S., Isabel and everyone. I am sorry, I hope we don't have a depression. It's difficult to read the market, sell off is steady, maybe that is good. Intense focus on economy does seem like a good idea, as Joe Johns and David Gergen note, for the admin. Does seem like there's some irrational pessimism, as David Walker says.

    Good report by Ali on AIG. Will the stimulus plan's funding for infrastructure help insurance companies in that it might reduce risk of problems w infrastructure that insurance companies might end up payinf for?

    March 2, 2009 at 10:13 pm |
  14. George M

    I am a Dem yet I was pleased to see the GOP give Steel a chance, because I thought that Mike could very well represent the GOP with real courage and strength as he has been a strong voice and a man of color for the GOP here in MD. However, when I saw him basically apologize to a hate mongering ugly "entertainer" like Rush Limbaugh for his accurate portrayal of his unpatriotic hate speech, I was deeply dismayed. He has just removed any credibility he ever had as a leader by backing away from his own words. I though he could be a force for the GOP, but he has demonstrated that he is a weak syncophant that must go to the back of the bus and behave. I know the RNC put pressure on him to back off. I am embarrassed for him.

    March 2, 2009 at 10:13 pm |
  15. al

    After the beating most of us have taken, especially those who have remained current on all our bills, give us some good news that we can hang our hats on to keep pushing forward and not just surrender.

    March 2, 2009 at 10:13 pm |
  16. Eric walker, Miami Fl

    I remember when some of us citizens did not support the Iraq war or the direction Bush was lleading us in. We were called unpatriotic, and unAmerican. Where are the Hannity's and O'Rielly's now?

    March 2, 2009 at 10:13 pm |
  17. andersoncnn

    Sean in Iraq – thanks for joining us!

    March 2, 2009 at 10:13 pm |
  18. David Y

    OK, it may not seem to be the right time, but how did AIG allow itself to underwrite so much risk. Haven't they seen real estate bubbles before? There must be a much bigger issue here. How does the market gain confidence in something which no one seems to be able to understand? The Gov needs to install a BACK STOP and then direct the markets to pick up pieces. Let's here some theories/solutions from some of the more ethical capitalists like Warren Buffet.

    March 2, 2009 at 10:12 pm |
  19. Bob G

    With the economy of the U.S. in such desperate straits, how can we afford to give $900 million to Gaza for rebuilding? If we have money to give, it should be given to those in need in our own country!!!

    March 2, 2009 at 10:12 pm |
  20. Jeff M

    I think the bottom keeps being dug deeper, we oughta throw down the shovel

    March 2, 2009 at 10:12 pm |
  21. Michele

    Anyone who wishes for the newly-elected president of the U.S. to fail ought not to stand in front of the American flag. Obama decisively won the popular vote in our democratic process; and in pivotal times like this, if he fails, we all fail. A celebrity with Limbaugh’s following advocating his failure is treason – nothing less.

    March 2, 2009 at 10:12 pm |
  22. Ken in NC

    @ Casey Jones -Palm Springs, Ca

    I agree that we are way past that now but if we keep pumping money into AIG and we reach the time when we can no longer pump money and it fails then we will be in worse shape than we are in now.

    March 2, 2009 at 10:12 pm |
  23. Steve Heimoff

    Lots of people who have been wiped out by Madoff were not rich. It's important to get that message out. We're not all Spielbergs and Katzenbergs. I'm a middle class person who's lived in a little 600 square foot condo for 22 years and all I hoped for was to be independent in my old age. Now, at 62, my life savings are gone. I will probably lose my home and be out on the streets.

    March 2, 2009 at 10:12 pm |
  24. charlie

    Why cant AIG,a to large a company to manage be broken up as the phone companies were to better get a handle on the business?

    March 2, 2009 at 10:12 pm |
  25. George

    What is wrong with the old politicans and Rush. Obama failing means we fail too. I am a republican and wish we would get some new blood in there. Democrates too.

    March 2, 2009 at 10:12 pm |
  26. MAC

    Why we have to pay for his wrong decisions by AIG CEO Edward Liddy . Seems we have no choice but to pay for is bad decisions. Then government should make sure that AIG CEO should go. If he is a smart guy and has to stay (for market stability) then how about the people (big ex’s) responsible for the bad decisions. These guys were celebrating the previous bailout.

    March 2, 2009 at 10:12 pm |
  27. Tagen Seattle WA

    Anderson – Thought your piece on 60 MINUTES yesterday was great.

    Very good information about something I had no idea about.

    March 2, 2009 at 10:12 pm |
  28. Maren in Oregon

    Nothing that Madoff acquired during the entire spean of his criminal endeavour must remain. Everything must go. Hiding behind the "innocent spouse" is a legal fiction, a crime in and of itself, and no one in that family should be held blameless. When a single mother can lose her job and her house bcause she was scammed by people like Madoff, iinto investment which were no more substantial than cotton candy – the purveyor[s] should simply be draggtede, screaming, from their mansions and placed in the public square in stocks – forever!

    March 2, 2009 at 10:12 pm |
  29. Ed

    David Walker has the answers. Spending like a drunken sailor will only give American taxpayers a giant hangover. The stock market is not reacting well to Obama.

    March 2, 2009 at 10:12 pm |
  30. Sharon S

    Well if AIG needs to keep receiving handouts after we all know where a good amount of that money went, I really think they should be taken over and under the control of the Government until they get back on their feet!
    At least that way they could regulate where the money actually goes!

    March 2, 2009 at 10:12 pm |
  31. Alexis

    Rush Limbaugh, scary! I have to mute him, he's so fanatical – all the screaming & wild gesturing. Did he used to be a televangelist?? This man isn't stable. The fact that anybody actually listens to him & takes him seriously confirms the bad shape this country is in. What possible good can this man do except more damage to the Republican party? If this is what the leaders of this party are like is it any wonder the country's in such bad shape after the last eight years? Should anyone really listen to anything they suggest? Not much credibility there, especially if Rush is their spokesman. Hopefully they'll all follow him to the looney bin!

    March 2, 2009 at 10:12 pm |
  32. Amanda Walton--Fort Erie, Ontario Canada

    Good Evening Anderson, Erica and all AC360 guests and crew...

    Up until now I've been pretty optimistic (with hidden fears of denial) but cautious the economy would recover, after today's numbers I'm starting to fear the worst as so many are. I fear for the U.S. and the citizens, I fear then about the ripple effect that is already being felt.

    As far as a depression, I think it's very likely. Look at the dirty thirties, it started with the crash in '29 but the depression didn't hit until early 30's. The market started to look like it was gaining when it was to late and the economy had already sank. This is what I can remember from my history.

    Scary thing is no one knows what to do. There is also more to loose now then 70 years ago, more industries, more jobs, and more money.

    March 2, 2009 at 10:12 pm |
  33. David, NY

    Good Evening everyone!!!

    Happy Monday!!

    AIG can't fail!!!

    March 2, 2009 at 10:12 pm |
  34. Emma

    @EJ, I know....it's a shame. I have a few friends who are Republicans and they despise him. I don't know why no one will put him in his place.....for a second, I thought Michael Steele was going to be that person.

    March 2, 2009 at 10:11 pm |
  35. Sabrina

    Anderson- Could you do a piece on why the Republicans are holding up some key economic people on the Obama team, by not confirming them? In this crisis it is time for the Republicans to stop playing politics. I wish the democrats would also be more vocal on this issue.

    March 2, 2009 at 10:11 pm |
  36. Dodie from CA

    @ Diane in Toronto I agree with you!!! It should have never happened. I was always against it.

    March 2, 2009 at 10:11 pm |
  37. Karen C

    But David Gergen, no one seems to agree on what will stabilize the economy or the banks. This is what I don't understand and it seems to me that basically "pick your own big bang" theory is as good as any as long as one *sticks with it*. I swear I haven't heard two economists, pundits, advisors, or financial analyists agree on what to do. For weeks I kept hearing 'you have to help the homeowners' and the minute a plan was announced all I heard was 'NO, you have to focus on the banks'. It's like people are trying to catch smoke. So what is the answer? And why won't anyone give the plan we have a chance?

    March 2, 2009 at 10:11 pm |
  38. vanessa from silver spring, MD

    Great 60 minutes piece on Sunday Anderson. That Mexico thing is getting crazy.

    Rush vs. Steele. This is so funny to me. America doesn't want this nonsense. Why are the republicans so scared of Rush?

    March 2, 2009 at 10:11 pm |
  39. Robert Poretz

    Anderson – Ali,

    President Obama has asked the American people to understand that by helping banks and other institutions we are aiding the common man by helping the economy. We understand this logic. In order to stay aligned with the spirit of the bailout, when the banks start making money again a provision should be made for them to forgo a portion of the tax loss carry-forward that they will receive. We can accept the merit of helping them now but not giving them billions in tax free profits when they are once again solvent. If they went under now, they would never be able to offset future profits with the huge losses that they have incurred. The purpose of the bailout is for survival, not undue enrichment.

    –Robert

    March 2, 2009 at 10:11 pm |
  40. Jasmine-Spokane,WA

    RUSH LIMBAUGH: he should join up with Bill O'reilly on the stage and then they can have a comedy act! It would be like Hannity and Colmes....at least Bill would have some sanity. And I don't understand this....I don't want to be rude or insensitive, and yet this may never be seen, but if Rush moves so much while he's yelling, then why is he still overweight?

    March 2, 2009 at 10:11 pm |
  41. Jay

    I cannot understand why Limbaugh is getting such play on CNN. He is a meglomaniac and has no real power, other than scaring people. If you keep putting him on, I am going to need some of his meds.

    March 2, 2009 at 10:11 pm |
  42. darin thomas

    The war in Iraq has cost the US over 600 Billion so far. Rash Limbaugh hasn't complained about that. Yes I called him Rash, he has a nickname for everyone else so I figured he needs one too. And, it fits, he iritates the crap out of us and can't get rid of him! Spend the Recovery money on the good ole USA and let's get this thing going again!

    March 2, 2009 at 10:11 pm |
  43. Lori from IL

    @Sean in Iraq - it certainly couldn't hurt! Hopefully everyone will come to their senses and work for the good of our country - doubtful, but one can hope. Glad to see you on the blog tonight. I pray for the safety of our servicemen and women every day.

    March 2, 2009 at 10:11 pm |
  44. Renee

    Rush is a puffer and entertainer. And yes, for some odd, odd reason I watched him on Fox this weekend. I am still asking myself why?

    March 2, 2009 at 10:10 pm |
  45. Michelle

    I agree with Edmond Phelps. We need to scrap the
    current banking system an rebuild a whole different
    type of banking.

    March 2, 2009 at 10:10 pm |
  46. Trish

    People are certainly against Universal Health Care. We need health care reform in this country. We already have a form of Universal Health Care in this country. When the uninsured go to the emergency room, the hospitals have to re-coup that money with higher prices. I believe there will be great savings in the future for all of us with health care reform.

    March 2, 2009 at 10:10 pm |
  47. Boris

    Can't believe the american people take into consider what shock jocks like Rush Limbaugh have to say, more so than some of our elected officials. Republicans even proclaim he's a party leader. He's in business of ratings and he will say what ever it is that raises an eye brow. Wishes for our president's failure is absolutely unamerican, and comments that arent constructive criticism

    March 2, 2009 at 10:10 pm |
  48. Sean, IRAQ

    AIG is a GOLBAL Market Insurence company, so yeah it is important to bail them out. Yet again, what do we do once we as a GOVT. begin to bail them out. With the Govt. bailing them out, it almost seams like we are moving in to a communist type govt. SCARY stuff out there. We need to be careful what we let happen

    March 2, 2009 at 10:10 pm |
  49. Stacy

    Hi everyone. I have great respect for David Gergen, but I think the healthcare system is very connected to our economic problems. I'm not sure many people can wait to see it fixed.

    March 2, 2009 at 10:10 pm |
  50. Sharon S

    I don't think Rush should apologize! I mean this country still have freedom of speech, don't we?

    I mean I don't agree with him but I don't want to have to apologize for saying what I really think either! So I think he should just say what he thinks and leave it!

    March 2, 2009 at 10:10 pm |
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