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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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Where does Sen. McCain stand? I still have to hear what his position it? Sen. Obama at least laid out what he would like to see in the bailout plan. What is McCain waiting for? Call me cynical..I gather it will be something that will politically favors.
If this financial crisis is so urgent, then both Obama and McCain should get with the members of Congress and create a solution. Standing on the sidelines is the same as doing nothing. Either both Obama and McCain support a bailout and will help make it happen or both should sit on the sidelines and be just another critic with an opinion. They are elected Senators who should be doing their job whenever there is an urgent crisis – earn the salary that we the taxpayers provide to them. Unfortunately the "crisis" happens in the middle of the Presidential campaign...well too bad we can't just select the time when we want to deal with a crisis, get over it and solve the problem. Of course, if they don't want to spend $700B+ of our money then they can take that position too – but make it clear and be decisive.
In the original proposal, there is no list of companies that will get "bailed out." That list, to my knowledge has not been defined. The dollar amount is a best guess figure.
I'm glad McCain is not being scared into agreeing with a huge spending bill. Now tell me who is the fear monger here? Bush and Obama in my mind.
It is not fair to bail out the republican s 700 billion dollars problems. I am struggling to pay my bills to pay down credit card, debt,bills and no one is bailing me out.
McCain is making a fundamental error by being a no-show. McCain should uphold his integrity and appear at the debate and keep his appointment with the American people.
Susan Walker
Seneca, IL
Obama is not out of rome while its burning, McCain't is letting it burn because he is political grandstanding. He needs to get his head out of his rear-end, and jump on board the freight train bailout before it leaves the station. Barack Obama is trying to be preceive as being presidential and above the fray. McCain't is stupid and just doesn't get it at all, Obama does and always did!
I saw the news conference at 1:00 p.m. and it involved Senate and House Republicans with the Democratic leadership saying they had an agreement. How can they be saying it is just the Democrats this evening?
Hi Anderson, Erica, everyone blogging. So there's no deal or they're just about to figure something out? Maybe need to loosen up the time frame a little, calm down, have a drink...I mean actually calm down and discuss this thing
I just saw Senator Obama say "We need to tell the people what direction we will go in, in four months."
I'm more concerned, and I think Senator McCain is more interested in actually representing the people who elected him to office..Today!
James, Obama did not follow McCain. Pres. Bush requested they both attend.
Hi Anderson and Erica,
What's even scarier than the whole bailout mess, even scarier than John Mc Cain's ridiculous idea to suspend his campaign, is the fact that this leaves us so openly vulnerable to our terrorist enemies.
Anderson,
If JP Morgan can buy Washington Mutual for 310 Billion, why can't Wall Street bail themselves out?
If the Bush administration hadn't screwed the American people in such a way – maybe we would be more willing to trust him and the Congress. Now no one really knows what to believe and who to trust. That is why everything appears to be going to hell.
The thought of John McCain running this country is so disturbing to me.
Honestly his behavior is so unsettling...I don't think I could stand 4 years of this. He might consider himself a "Maverick" and a gambler but I don't want him gambling with my life.
Yes, let's also blame McCain for the stall in the negotiation. C'mon people, I doubt they were close to finalizing the deal yesterday....just lots of unrealistic optimism. You can't go from heavy oppposition to complete agreement in one day.
the problem with the GOP right now is that all the republican power brokers, financiers, and business men know in their heart of hearts they can't trust each other, no matter how many times they've slapped each other on the back.
Surprise surprise...McCain comes all the way to DC to go a photo op meeting and say absolutely NOTHING.
It was a done deal until McCain arrived. I smell a rat.
Today McCain continued to run his ads in Richmond, Virginia.
The timing of setting off the “financial weapons of mass destruction” was set to go off when John McCain began to lose in the polls.
Just before the first presidential debate the administration then submits a 3-page bailout proposal to Congress.
John suspends, nor really, his campaign. Congress gets an agreement.
McCain requests a meeting only after the stock market closes.
Then announced the bailout proposal agreement was not acceptable.
However, tomorrow morning will punish this dasterly sham.
I'm tired of our tax money bailing out corporations. It's harder than ever for me...the taxpayer...to get a loan.
I cannot support a Republican for the next administration. It would be Bush all over again....and McCain lacks patience. He's too quick to make a decision and doesn't think things through. His wanting to cancel the debates was wrong. We, the people need to hear from the candidates in a debate. The next President will be decided in less than 2 months.
What was Mccain thinking? Obviously about himself. I can't vote for him.
For the sake of truth, I hope McCain and the House republicans did not conspire to foul up the meetings today, as did happen, so that McCain could pretend to pull them back in tomorrow and be responsible for fixing the deal.
Obama is doing just what he should be doing, not injecting himself in a crisis just to win votes like McCain has been doing.
That's odd; Obama has now followed McCain and gone back to work in Washington. Who's the leader here? Yet again...
Mike, Syracuse NY,
We still have an election that will not be postponed – it won't happen. Why should he not continue to campaign and push his policies forward. McCain should do the same.
I tell you AC, John McCain has achieved one thing for sure, he wanted to take ownership and now he has the ownership. What a shame, his move was not a bipartisan move. He is to blame entirely and for once let us call it what it is. He blew Washington completely. He is responsible for the collapse of the negotiations.
How could McCain have possibly tainted the deal? He hadn't even landed in D.C. before House Republicans decided on their opposition. Am I the only person who is a bit confused by Sen. Dodd now saying that "the President and House Republicans need to decide if they're going to go along with this or not?" Are the Democrats driving this thing now? That's pretty scary.
Yes, stay the weekend and get this done. Is it going to take our 401K plans and pensions going to ZERO, before the elected leaders work to protect the average american person.
Good evening Anderson and Erica.
I'm really interested in watching how this plays out. Some strange goings on in the McCain camp.
Mike,
Because he can do more than one thing at a time and because he is not the grandstanding desperate McCain.
Thanks for your coverage, Anderson of this $$ abyss. McCain didn't do himself any favors by showboating his way to Washington. How do any of us ordinary people know who to trust?
McCain makes a big fuss about going to Washington for the bailout meeting and then doesn't even contribute much to the discussion?
Brett, I agree. The interest has risen and folks are paying attention.
Does Congress really think that they can be done and home by the week-end?
Nobody, absolutely nobody wants to have a bailout, however, if the bailout is dead, the consequences for all people might become more personal than a bailout might be. If you become homeless or can't pay for food or gas.. would you rather not pay more taxes than being unemployed? It's no time to play politics.
Hi All:
Where the heck is the list of companies in trouble?? Someone must know these people are going to fail the night before? Give us the list and tie it to the $700 BILLION you are asking for. This day by day is company failure is mess. Where is the list?
House Republicans don't like the plan, yet they don't say a thing til something is almost hammered out, and then give few details of what they want to do. This should be another example of why the GOP is a broken party that needs to be replaced from top to bottom
Anderson, should we believe that the hold up (or stall) is because Congress is listening to the desires of the American people?
What ever the result of the election may be, I am just so glad that Americans are taking more interest in our government. New voter registration is at an all time high. Politics are discussed in all place, and aspects of our lives. We are starting to realize that “We the people” was written for us, and the rest of the world is watching us, to take their next cue. Thank you Anderson for bringing just the facts(what news should be). Also thanks to your blog staff, giving us all a place to speak our views.
I think I'm more scared to see how everyone is going to react. If everyone panics tomorrow – it's not going to be good.
What a mess.
Why is Obama acting like it's business as usual during the most serious financial crisis since the depression? He's out campaigning while Rome burns.
Stall. Can someone define stall? Is this thing going to happen by this weekend?
Good evening everyone, what a day!
my money, my vote, & my job that I won't ever find most likely due to what happens the next few days
Whoa...WaMu is gone? Are we going to have any big banks left when this thing is over?
McCain't is not going to get away with this the American people are smarter than this. McCain't has to stand in account of the last 8 years of his party rule, and when Barack Obama asks the preverbial question are you better off now than four years ago McCain't will be sunk and the so called Teflon will be evaporated! McCain't is crazy and unstable man and Obama is cool calm and collected one.
Hey Anderson
Top US lawmakers and the White House have reached apreement on the funamental principles.The plan would be acceptable to both congress and President Bush.So mayby it will help and stop this dangeros situation.But what makes me realy anger is,that the American people have to pay the prise for all of that.Why there are no kontrol system in economic busines?To stop situations like that earlier?And find out who realy is responsible for that.
There are waiting a lot of big problems for the next President,who ever that will be
So I heard someone on TV ask about the stock market tomorrow. What happens if the market were to drop 1000 pts. Would there be instant panic?
Hello everyone...We're still waiting, I see....