Editor's note: Tonight on AC360° Suze Orman returned to discuss the tumbling financial markets and answered your questions. You can watch the segment here. Here is what she had to say:
Anderson Cooper: A lot of questions, a lot submitted on the AC360° blog. There is down right fear, panic. Is that counterproductive?
Suze Orman: It is not counterproductive, it's real. It's how people feel and the markets are made up of how people feel. They buy or they sell based on their emotions, Anderson. It's how it has always been. When Ali does this thing with the drugs, I was talking to you before we went on air, this is what is happening. People feel they need medication because they are panicking.
It's as if the economy right now is in the I.C.U. unit of a hospital. We are in intensive care and they are throwing everything type of medication at us to cure what is going on. They are panicking because why? Nothing is working. They tried this, it didn't work. They tried that medication, it didn't work. They are running out of prescriptions to give it. We are going to be in the I.C.U. unit for a while. Eventually, I don't know when that will be, six months, a year, year and a half, we will get out, we’ll be in the hospital then. We'll stay in the hospital for about a year or two. After another year or two we will end up in rehab and then we'll be okay. This is a long stretch. People have to stop panicking. This is here to stay, if you ask me, for a long time.
Culprits of the collapse…and other stories on our radar:
ON THE TRAIL: Sen. McCain spends the day in Wisonsin with a town hall meeting in Waukesha and a rally in Mosinee. Sen. Obama is in Ohio with rallies in Dayton, Cincinnati and Portsmouth. Gov. Palin is also in Ohio and is holding a rally in Wilmington. Sen. Biden has gatherings in Liberty, St. Joseph and Jefferson City, MO.
RAW POLITICS: Alaska Gov. Sarah Palin's husband has submitted written answers to questions in the state Legislature's investigation into the firing of her public safety commissioner.
CULPRITS OF THE COLLAPSE: Dick Fuld is the former CEO of Lehman Brothers who was able to earn $480 million dollars while his firm collapsed. Could he have helped prevent the current financial crisis?
ECONOMY: The Labor Department releases the weekly report on jobless claims.
GASPAROVIC VISIT: The President of the Slovak Republic Ivan Gasparovic is scheduled to meet with George W. Bush.
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.
Cha-ching! AIG is getting MORE cash from you the taxpayer. You're SOOO thoughtful. (Cough! Cough!)
The New York Federal Reserve is lending up to $37.8 billion to the troubled insurer. That's on top of the $85 billion loan the federal government gave the world's largest insurer last month.
Do you think AIG should get this extra loan? FULL POST
Confession: I’m a little nervous about the teenage years, though not as worried as I would be if I had a daughter instead of a son. I was a teenage girl once, and while I wasn’t a complete horror show, I do remember those years…and I shudder a bit when I look back. Frankly, my behavior makes me love and respect my parents even more. While no teenager is a joy all of the time, I also know neither I or my sister were so terrible that my parents felt they couldn’t handle us.
Some parents don't have it so easy.
In Nebraska, a new law is making it a little easier for parents who do feel they can’t deal with their children, but this isn’t what lawmakers had in mind. The state’s "safe haven" law allows parents to anonymously hand over a child to a hospital and protects the parent from prosecution. One problem: the law was intended for infants, but it lacks an age limit, and parents know it. Since this bill became law in July, only four of the 17 children left by their parents are under the age of 10. One 14-year-old girl was even brought across state lines from Iowa.
See the report by AC360°'s Joe Johns and Steve Turnham on AIG tonight, the first in our new series "10 Most Wanted: Culprits of the Collapse."
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/10/08/aig.blog.jpg caption="Former CEO of AIG Martin Sullivan, center, waits to testify before the House Oversight and Government Reform Committee on Tuesday. "]
Remember all those stories about welfare moms driving cadillacs? They were 99% myth. Here's one that isn't. The insurance giant AIG takes 85 billion in taxpayer money, throws a nice little 400,000 dollar pedicure party for it's top earners, then comes back for another 37 billion welfare check.
AIG has an explanation. And you'll hear it tonight on AC360° as we begin our countrywide hunt for the top ten most wanted culprits of the collapse.
Editor's Note: Phil Elliot says he is a registered Republican, but remains undecided in this election. He asked a question at last night’s presidential debate. Here's what he told us about the experience.
What a privilege to live in the United States and be asked to participate in one of the debates! It was a full day's schedule for those who had the opportunity to sit on the stage at Belmont University. I was honored to be able to ask the candidates how the current economic crisis will affect our Nation's ability to act as a peacemaker in the world. The basic answer was: For a strong military we need to have a strong economy. Both candidates presented several options for military actions but I had hoped to hear more about diplomacy, consensus building and working in concert with other nations. The economy is obviously in the forefront but what about other issues that are important but seemingly not so urgent.
I guess I was hoping for that elusive flash of brilliance that would give us all hope for a more peaceful world.
OK – back to reality – Neither Sen. Obama or Sen. McCain knew the questions that would be asked and it seemed like most of the time they would just use the question as a starting point to say what they had already determined to say -some of which we've heard before. I thought they both carried themselves well. Sen. McCain seemed believable when he would say "I know how to do this"
It was an incredible experience for me to be in the same room. And it was inspiring to be around Tom Brokaw. He spent some time with our group in the morning preparations. I'm still not 100% sure who will get my vote but am profoundly grateful to have been involved in this process.
caption="Sarah, Trig, Todd, and Willow Palin after the V.P. debate last week."]
The Daily Dish, The Atlantic
Here are [births at Mat-Su General in April 2008] listed on the hospital's website. Trig Palin, who was born there, Sarah Palin tells us, on April 18 at 6.30 am, is nowhere to be found. If you can find any public record of Trig Palin's birth anywhere, please let me know. I will gladly publish it as soon as I find it. So far, none exists that I have been able to track down.
The Dish contacted Mat-Su and asked what the criteria are for including the names of the babies born in the hospital.
They said that inclusion on the list is by parental choice and they ask all parents. When asked if it was therefore a fair inference to say that they asked the Palins and the Palins chose not to have their child included on the list, the hospital told us that the Palins' privacy barred them from answering those questions. I asked the McCain-Palin campaign to comment but they refuse to answer my emails.
As far as the propriety of demanding such basic public records, I am merely following Sarah Palin's own standards. In her first race for mayor of Wasilla, she demanded the marriage license of her opponent be made public. Why? Because his wife kept her maiden name – and Palin deemed that sufficiently unusual to demand total transparency. If that level of transparency is necessary for the race for Wasilla mayor, why is it "unspeakable" for the vice-presidency of the United States? Is being mayor of Wasilla more significant than possibly being US president?
Ready for today's Beat 360°?
Everyday we post a picture – and you provide the caption and our staff will join in too.
Tune in every night at 10p ET to see if you are our favorite!
We're bringing yesterday's Beat 360° back because it was such a hit, but got buried in debate coverage. Here is the 'Beat 360°’ pic:
President George W. Bush speaks at Guernsey Office Products Inc. Tuesday in Chantilly, Virginia. Bush delivered his remarks following a meeting with business leaders on the 'Emergency Economic Stabilization Act of 2008.
Have fun with it. We're looking forward to your captions!
Make sure to include your name, city, state (or country) so we can post your comment.
But wait!… There’s more!
When you win ‘Beat 360°’ not only do you get on-air prime-time name recognition (complete with bragging rights over all your friends, family, and jealous competitors), but you get a “I Won the Beat 360° Challenge” T-shirt!
Good luck to all!
Update: Today's winner is Judy, who wrote:
Those guys from AIG got ripped off. My manicure only cost 2 thousand dollars. Maybe they got polish.
Roland S. Martin | Bio
CNN Political Analyst
During the Democratic primaries, I wrote a column for CNN.com about how easy it is for any candidate to tar and feather another about their associations with less-than-acceptable figures.
Sen. Hillary Clinton tried to blast Sen. Barack Obama for unsolicited comments made by Nation of Islam leader Minister Louis Farrakhan, and folks like Fox News' Sean Hannity were happy to run with it, saying it was evidence that the junior senator from Illinois was unfit to be president.
But critics like Hannity never bothered to raise the issue of former Republican vice-presidential candidate Jack Kemp praising Farrakhan for his focus on self-help. Not only that, nearly everyone in the media was afraid to bring up the fact that Pennsylvania Gov. Ed Rendell had high praise for Farrakhan when Rendell was mayor of Philadelphia, even as the Muslim leader sat just 20 feet away!
Again, blasting one person's associations can come back to bite you.
We now see Gov. Sarah Palin and the McCain campaign trying to stir the pot by invoking William Ayers, a 1960s radical who was a major figure in the Weather Underground, a group that bombed the Pentagon and committed other unspeakable acts of terrorism against their own country.
Palin has been hammering the issue on the campaign trail, saying Obama and Ayers were friends, "palling around" the Windy City, even though the Weather Underground committed these crimes when Obama was just a child. And never mind the fact that Ayers and Obama were involved in a multimillion-dollar education grant that was funded by a right-wing Republican, media magnate Walter Annenberg. Do you hear any of them castigating this late Republican pillar?
Editor’s Note: You can read more from Roland at RolandSMartin.com