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September 25th, 2008
09:45 PM ET
Live Blog from the Anchor Desk 9/25/08
For what’s in the program take a look at tonight’s Evening Buzz.
Don’t forget to watch Erica Hill’s webcast during the commercials. LINK TO WEBCAST
And take a look at Anderson and Erica on our live web camera from the 360° studio. We’ll turn the camera on at 945p ET and turn it off at 11p ET. LINK TO THE BLOG CAMERA
Wondering why some comments are posted while others aren’t? Here’s a post that may help: LINK TO COMMENTS POST
We’ll start posting comments at 10p ET and stop at 11p ET.
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Anderson,
Looks like Ozzie has some competition. Go Sharron 🙂
Sharon Osborne's comment probably set the live blog on fire!
Goodnight Anderson – you big stud you!
Anderson, you ENTIRE face was red.
🙂
Good night!
Good night all.
LOL you a little embarrassed Anderson? I think you were blushing!
Oh Erica, I just knew you'd find some way to show this when I saw it yesterday.
Anderson – you hot stud you! Wooooooooo!
Daniel James makes a good point. Bail us out...at least then you will get GOOD debt and the economy can jumpstart.
I see many more banks going down because of this mess.
Recession. Depression. By today's economic standards, the old definitions do not apply. Americans are hurting, the stock market is up one day, down the next – there is no stability in our capitalist market right. The depression is here. Just ask the millions of families that are losing their homes and not just the ones who have benefitted from the mandate to include more low income families in homeownership. There are tons of folk that owned prior to that mandate that have been foreclosed on. They bought based on speculation and such. We're already in a state of panic. Heck, look at all the discussion posts.
Katie Couric was disrespectful in her aggressive questioning of Sarah Palin – it was a mugging as far as I'm concerned. I hope Americans realize how much the media empowers themselves and influences the thinking, attitudes and opinions of the masses. They have too much power and control, can spin anything anyway they want to and people need to get a clue before they go into the voting booth.
Reading about Goldman Sachs, I am beginning to see why Henry Paulson is so urgent.
I just can't imagine the government handing over 700 billion dollars.
There are other options. Example: JP Morgan Chase bought Washington Mutual Assets. Barclays Capital bought a portion of Lehman Brothers. etc....
There are a lot of Billionaires out there....somewhere.
After listening to Sarah Palin defend her expertise on foreign policy, I can’t wait to hear her defend McCain’s position (or the lack of one) on the bailout – if they ever let her talk again, that is.
It is frustrating that the moderate republicans and democrats have come to an agreement in principle, but the extreme right wing of the republican party now is sabotaging the agreement. In the meantime, we can all watch our economy, no, capitalism itself, crumble. And these are the same politicians who rail against moslem extremists. It's our own right wing extremists that are now holding our country and our future hostage.
Erica – the anger some Americans are feeling is much less about “fat cats” getting bailed out with our money, and more about fearing that the plan, with its hefty price tag, won’t work. Even more than that, maybe we’re angry because we don’t know why Washington feels like it has the right to use U.S. citizens, without our consent, as the Treasury Department’s lenders-of-last-resort.
Given this current mess I wonder why lawmakers are in such a hurry for their recess. I wouldn't want to face the electorate if I were some of them.
Debbie,
If you would like to get them locked in a room to come up iwht a solution. What would you like to see it that solution. Do you want to see the companies get bailedout and not one held accountable. What about you, don't you want to get a benefit from this bail out. Like lower interest rates on your house, credit cards or auto loan?
Well I believe that Mcain is trying so sort of trick that will not work in his favor. He must really feel threatened by Oboma or he wouldn't be doing this. They should continue with the task at hand, but I'm pretty sure that Mcain will not be able to make it. This is Mcain hiding behind an economic issue.
Palin's answer to Katie Couric was not so great, Ed Rollins right, they should've gotten her out there much earlier, but she has things to say and could get into more detail, elaborate on her response and she's shown in a lot of ways that she could be a good vp, easy to forget how much support she has brought to McCain campaign
Please explain what it means to the average citizen if they DO approve the bailout and what it means if they DON'T approve the bailout. Thank you.
I think this financial situation is a lot more complicated than leaders are letting on. Or maybe the leaders don't even have a clue, which is really scary. I have been told that the media is driving this bail out through hype. I also have listened to some financial experts that say if we do not do this, America and the world will be in big trouble.
Does anyone know what's going on? It doesn't seem like it.
Dennis,
What a great example to show just how much money they are talking about. 1 MILLION DOLLARS for every man, women and child and that would not even be a drop in the bucket compare to 700 BILLION.
The crisis with negotiations tonight has been staged by the McCain Campaign and the Republicans. The way it's going to play out........McCain is going to come in to breach the divide between the house Republicans and the Democrats and will get credit for saving the country.
Are Americans really surprised by the irresponsibility toward the ecomony by the Bush adminstration considering George Bush ran a private company bankrupt prior to becoming president? Also wouldn't the economy heal itself if lawmakers took the trillions of dollars and instantly created jobs ( public works etc)? Remember the root of the problems lie in the fact that so many people lost homes as a result of no jobs; in addition to creating jobs lawmakers should place a freeze to lower credit card interest rates ,mortage rates and stop forclosures. Bailout Frannie Mae and Freddie Mack only if programs for homeownership are made readily for Amercians that have lost homes and place new regulations on Wallstreet .
Sarah Palin is in way over her head–she doesn't appear to have a good grasp of any of the issues.
Since the Republicans now want a bill that reduces more taxes on the rich and removes even more regulations, which is what for a week and a half removing regulation and a lack of oversight is what caused this, including McCain how do they, and more importantly how does McCain have any credibility left on domestic economic polcy???
Anderson,
Hi!
McCain and Palin seem awkward and uncomfortable with the high scrutiny of the presidential campain. It's odd watching them. I hope the debate goes on tomorrow night, though.
How does a narrow maritime border give you foreign policy experience?
Palin had to have Catie Couric finish her sentence for her.
People should be angry about the bailout. NO ONE knows if it will work and the Republicans are not backing their parties leader! Bush, once again, wants money to bail out private industry.
Thomas H. Stanton, a Washington lawyer formerly at Fannie Mae and now in private practice, said the government had "privatized the profits and largely socialized the risks."
Again the Republicans want no oversight, just a blank check of $700 BILLION that would pay for every Entitlement Program in the United States for 35 years!
I am a lifelong Dem, husband lifelong Reb, we are 60 yrs old. We are outraged at the Wall Street 'terrorists" and their accomplists on both sides of the aisle. They have shamed America! We have worked hard all of our lives and have done well, well enough to help family who have been caught up in bad economic times.
5% of mortgages are taking the country down, it simply does not make sense at any level. 95% of us didn't cause this problem, where the hell do the politicians think our sentiments are?
If this must take place there must be CEO compensation tied to company results, NO golden parachutes, lawmakers get no pay raises until the debt is paid. There must be sweeping reforms defined withing the next six months. We will be voting all incumbent OUT!
We need a clean slate, none of it is working.
"We let you decide?!!!!" Give me a break. I just listened to the reports and commentators intimate that the world is going to come to an end because of the House Republicans. I am an independent and I for one am glad that some of our elected officials are putting a stop to the stampede. I am glad that McCain is stopping to listen and not saying too much. Rushing to pass this bailout is what might ruin this country. You talk about the Democrats wanting to do the "right" thing. Why is it the "right" thing to bail out people and companies who acted irresponsibly? Come on....spread the blame around. All of the people on the hill are politicians, not just the House Republicans and none of them care about the little guy or main street. Least the conservatives are being honest.
I'm just a little old grandmother in rural USA and if what I thought was even taken into account, I would make every US Senator and Representative stay in a locked room until there was an agreement. I feel that they should all be present working on this problem. If they can't come to an argreement then we should get rid of all of them. Everything an average working American is on the line. So I say get the keys and lock them in until they get an agreement.
Dee,
ABout 20 minutes ago,Republicans got up and walked out of the combined meeting and are refusin to negotiate.
$1 million each sounds great. That's $300 trillion. We'd instantly become a 3rd world nation, because the dollar would devalue and inflation would skyrocket. Not to mention our children and grandchildren could never pay off the federal debt.
Nice thought though DW
I am glad that John McCain isn't planning on doing the debate. I am happy he is putting Country first and I hope he continues to fight for me in congress. Go get 'em John, don't give up until you have a bill to pass that You believe in and that will benefit main street!
Dennis, I'd love a $1 million dollar check
The reason all this mess started is still not being mentioned. CEO's and the other greedy company leaders have been making a ridiculous amount of money, getting sweet deals when they are fired for ruining a company which in turn takes away bonuses from everday workers, takes away raises, causes layoffs of employees to pay for the CEO's golden parachutes, or worst of all in Circuit City and Lowe's instances firing workers who make too much money because they received too many raises, and then offering to rehire them at starting pay. Then for some reason we everyday middle class Americans can't make our bills, or if we can, we don't really buy anything because we all go to work everday worrying that our CEO will get another pay raise or bonus which will cause more layoffs for the everyday worker. I will admit not all CEO's are evil, but that even half of them play this game with our lives is the main cause of this. We are no longer a capitalistic society, we are turning into a fuedalistic society.
Erica – the anger some Americans are feeling is much less about "fat cats" getting bailed out with our money, and more about fearing that the plan, with its hefty price tag, won't work. Even more than that, maybe we're angry because we don't know why Washington feels like it has the right to use U.S. citizens, without our consent, as the Treasury Department's lenders-of-last-resort.
If they let the banks fail, neither we nor companies can get credit. Businesses need credit to run. We will all be out of jobs. Our retirements will disappear. It's that simple. But I wish they really would work in a bi-partisan manner and get us some help. Right now it is politics as usual.
I fagree and think that only primary home owners should be helped in this crisis. Scrutiny need to be done before agreeing to help everyone. May would be investors ran out and took out mortgages in the hope of being the next Donald – like the stock market, it is a gamble they lost. Why should the government or private citizens pay for an investment. You invest knowing the risk. It's unfortunate but a part of life.
Ok I have a question, is this win at all costs for McCain? He knows the only chance he now has in this election is to make it appear that he came in and saved the day which is the farthest thing from the truth. Why wont you good folks at CNN call this exactly what it is.....a stall tactic. I hope Obama shows up in Mississippi and lays it all on the line about McCain and what he is doing.
Obama said yesterday we should not put politics into this negotiations,looking at what happen today I believe he was right,AGAIN,having good Judgment is the most important QUALITY a president should have.
House Republicans and House Democrats should find common ground to build consensus to resolve the financial crisis with cohesive legislation in a bipartisan way.
Softer approach? Some would say weaker approach.
I see most of the comments are addressing McCain and Obama. The serious issue is this bailout. We all know it is going to happen. From what I see most people do not like the bailowt but are not addressing what the would like to see. All that is being addressed is Obama this and McCain that. One main issue should be is about the compensation for the ceos and heads of the companies getting bailed out. If we do no address this these ceo's and execs are going to be allowed to keep the millions of dollars. Am I the only one that sees this as an issue?
I think most people are angry, because they privatize gains and socialize loses. Anybody could see this coming that is why i sold my house 2 years ago. The sad thing is that 70% of Americans tonight are watching television,..football games etc... and don't have a clue. I hope they are watching survivor and taking notes.
Erica – Ali is right people are upset – I am upset – infact i wish the government could send me a check to pay down my mortgage, but something has to be done. So what do the house republicans want. If they do not want do anything then let everyone go home , let the markets collapse and let the market correct itself like they like to preach.