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November 11th, 2008
09:45 PM ET

Live Blog from the Anchor Desk 11/11/08

Tonight on AC360°, the inside story on President-elect Barack Obama's meeting with President Bush at the Oval Office. Plus, the push to try to help America's "big three" automakers facing declining sales and profits. And, on this Veterans Day, Obama's battle plans for Afghanistan and Iraq.

We want to hear from you. Here's your chance to be a part of the program. Just scroll down and post your comments.

We'll try to post as many as we can from 10-11pm ET. Keep in mind you have a better chance of getting your comment posted on the blog if you follow our rules.

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2) Stay on topic.
3) Keep it short

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Filed under: Live Blog
soundoff (371 Responses)
  1. Mike, Syracuse NY

    Janine/PA, You are correct. Unions have helped to make the US auto industry so uncompetitive. Toyota and Honda have US plants, using US workers builing better cars for less money. They are also not unionized, and don't pay their management exorbitant salaries and bonuses.

    November 11, 2008 at 10:18 pm |
  2. Clara

    God Bless Our Veterans!

    To save jobs I'm for bailing out the auto industry with stipulations for making energy efficient cars. Too many jobs have been lost already this year.

    If the Government is going to keep throwing good money to companies like AIG to keep having these junket retreats....let's try to save some of these jobs before more families lose their homes and be out on the streets.

    AIG execs won't lose one ounce of sleep since they have a steady well they can draw from.

    November 11, 2008 at 10:18 pm |
  3. ashley - willis, tx

    It's getting annoying that we have to bail out all these companies, especially when you don't do business with them for one reason or another. Those car companies should have kept up with the times. My aunt just bought a 300 and she pays like 1200 a month and she only gets like 17 miles per gallon.....it's a waste!!!

    November 11, 2008 at 10:18 pm |
  4. Laura Peters, IN

    There are many small businesses across the country who are doing everything they can to keep their employees – cutting costs, executive paycuts, etc. It seems that the big businesses need to take a lesson from them and make as many cuts at the top as they are at the bottom.

    November 11, 2008 at 10:18 pm |
  5. Lorna, NYC

    good evening, everybody.

    Barbara, that's a good point, but GM is already working on a electric battery car – the Volt out in 2010– and intends to spread this technology to the whole line of production by 2017 i think. this might seem far, but even this time frame might not be feasible. I wonder what will happen to the Volt now, if it'll have the same fate as the EV1.

    November 11, 2008 at 10:18 pm |
  6. Helen

    Blessings to all our Veterans today and God Bless each of them for their Service.

    Now, I have a question.....why does it seem that Candy Crowley is always standing outdoors, particularly at night?? The weather in Chicago looks cold again tonight. Earlier on Campbell Brown's show she was the only one of four commentators standing outdoors–the rest were in a studio. Thank you Candy for the great job you always do.

    November 11, 2008 at 10:18 pm |
  7. jennifer

    Auto industry should absolutely be bailed out now?

    November 11, 2008 at 10:18 pm |
  8. Maureen T

    Anderson,
    I appreciate the pictures of President Elect Obama but they are the same pictures we've seen for the past few days, right? Does CNN not have any newer pictures of Barack Obama?

    November 11, 2008 at 10:18 pm |
  9. Jane Taylor

    Stop it! Just stop it now! First the banks, even though it was their own fault for loaning money to people they shouldn't have loaned to. Now the auto industry even though they refuse to build the cars we want. I own a Dairy Queen. If people stop eating ice cream will I be bailed out?

    November 11, 2008 at 10:17 pm |
  10. Rufus

    The Big 3 are no different than the Wall Street bailout...except that they put millions of main street Americans workers back to work.

    November 11, 2008 at 10:17 pm |
  11. susan

    It's time for GM. Ford and Chrysler to be responsible for their own mismanagment. Blame it on the unions! These companies have been failing for years and why should the taxpayers bail them out? They will continue to mismanage..again union practice. Let them file bankcruptcy like many other companies (be it large or smaill), reorganize and get their acts togethers for once and for all.

    November 11, 2008 at 10:17 pm |
  12. Cortez

    Bailout, people its already been approved What Obama wants is that some of the money that are approved some of it stop going to wall street and give it to the auto industry to help out american workers.

    November 11, 2008 at 10:17 pm |
  13. Denise Dussault (Montréal)

    Hello Anderson!

    If the free market is so important for the US, why bailing out auto industries? Somebody else, more competent or visionnary, will have the chance to give a shot! We call that opportunities for the best minds and the more talented! It is sad for the workers but they're not worst or better than other manufacture workers who lost their jobs long ago.

    November 11, 2008 at 10:17 pm |
  14. Matt

    Everytime we bail someone out, we prove to the world that capitalism, unchecked, is a failure.. we then seem to revert to a mild form of socialism. Why don't we admit it already, capitalism only works if people make money. When people lose money, we turn into cry babies and demand government relief. I say let the free market reign, let it all come out in the wash, and start over.

    November 11, 2008 at 10:17 pm |
  15. Cindi-Colorado

    This seems like an opportunity to revolutionize the American auto induestry and bring it quickly up to the standards of Honda and Toyota, with an emphasis on innovation and fuel aconomy. I would be very disappointed in any bailout that results in "more of the same" from the big three

    November 11, 2008 at 10:17 pm |
  16. Janine from PA.

    Palins 15 minutes of fame is way up!!

    November 11, 2008 at 10:17 pm |
  17. E.wilson

    my wife works for g.m. and over the last week all she is doin is stressin over the lay-off comin in january if they do bail-out the big three will it stop lay-offs? and my suggestion for the bail out is the goverment should buy cars from the big three below msrp and open goverment lots in major citys and sell the cars

    November 11, 2008 at 10:17 pm |
  18. Ro Nomay

    Why should I consider buying a new car that gets 30 mpg when my old Japanese SUV gets 30 mph now? Why should I buy a new little American car, when I can buy a new little Japanese car that gets 50mpg? I believe in patriotism, but not when it's totally to my disadvantage. GM and other American auto makers need to get with the new technology, streamline their business, and make what people want and need to buy. Jail, not bail, for those with more greed than patriotism.

    November 11, 2008 at 10:17 pm |
  19. Cindy

    I have owned a small music store for over 5 years, providing music lessons and instruments to our community. Though I have never mismanaged my store nor closed my eyes to the needs of my customers, we will be closing the end of this year due to the economy. Where's our bailout?

    November 11, 2008 at 10:17 pm |
  20. kim

    i think sarah palin has had her 15 minutes of fame now she should go back to alaska and hibernate for the next 4 years. i don't really care if she can make moose stew or not.

    November 11, 2008 at 10:17 pm |
  21. James - Cleveland, GA

    if we(the tax payers) are going to be forced to bail out the big three than they should be forced to manufacture more efficient and environmentally friendly autos.

    November 11, 2008 at 10:17 pm |
  22. Vincent Miholic

    Detroit needs to bailout our fuel tanks. It can blame "legacy" payments, labor cost, but retool and build a $20K car that boasts 50mpg and the American buyer will flock. A "Volt" at $30K + is a short circuit on what the consumer knows can be offered but isn't. Less profit equals more efficiency, and any government backed incentive must be directly connected to a new generation of cars, including new and old manufacturers who possess the capacity and wherewithal.

    November 11, 2008 at 10:16 pm |
  23. Tom

    I am against bailing out the auto makers unless they force them to make 'green' autos a must before they get any cash. They can't keep making the same cars with such poor gas mileage.

    November 11, 2008 at 10:16 pm |
  24. Sylvia, Chicago

    We are living in desperate times and they call for desperate measures; I think that if and when the government elects to use taxpayer money to bailout any industry it should comes with strings attached...spell out what you expect from them, set up rules to ensure it does not happen again

    November 11, 2008 at 10:16 pm |
  25. Sandy

    Sarah Palin is old news. She was ridiculed not for the wardrobe issues, but for her absolute lack of depth and knowledge.

    November 11, 2008 at 10:16 pm |
  26. Mike Jerrell

    Bail out the big 3? I have an equipment rental center and business is not going so well. How about giving my business a million or so? It sure would make some my decisions a lot easier. Mike

    November 11, 2008 at 10:16 pm |
  27. jb new york

    A bailout of the auto industry would require a lot less money then the financial bailout. The jobs that would be saved are middle class hard working people; not the rich bankers and brokers who caused this mess. If not for the financial system collapse there would be money available for new car loans and things wouldn't be as bad. How can we let the auto industry implode?

    November 11, 2008 at 10:16 pm |
  28. Donna F

    I am pro tax rebates for American hybrid buys!! great advertisement!

    November 11, 2008 at 10:16 pm |
  29. Pat - Arkansas

    I think the bail out is linked to building a green economy. It will be easier- and less expensive long term to re-work an existing auto industry than have to rebuild an industry that has at least been partly destroyed economically.

    November 11, 2008 at 10:16 pm |
  30. Steve - southern Illinois

    I haven't been here since Election Day (what a glorious day!) Hope everyone is doing well!

    November 11, 2008 at 10:16 pm |
  31. Rob

    Tell GM if they want to be bailed out then resurrect The EV-1.

    November 11, 2008 at 10:16 pm |
  32. Brandi

    Here in Canada our federal government as well as the province of Ontario have been throwing money for years at the big 3. They are doing that to keep plants open here but many are closing because the big 3 won't diversify or trim down their models that they produce. Plants are closing and they're running away with our taxpayer dollar and it's not fair since they're not even headquartered here. It's not the end all be all industry and if they would get back to quality like Honda more people would likely buy from the big 3 again.

    November 11, 2008 at 10:16 pm |
  33. Arjun

    I don't think the govt should bailout the Big Three mostly because it will allow them to slack on their cars just as they have been for so many years. The reason people don't buy their cars is because their cars suck and if they are forced to bankruptcy, they will have to redesign their cars, change their business model and reevaluate the quality of their cars so that they can actually compete in the automobile industry. There have been so many examples of car makers that have changed after almost closings (Nissan, Mitsubushi). They need this more than the US economy does.

    November 11, 2008 at 10:16 pm |
  34. Greggo

    So far, the bailouts have only kept the rich people rich. Why is it when bailing out the working man, Presiden Bush balks? We are importing ourselves into a third-world country. We don't make TVs here, we don't make clothes here, and we don't make steel here. If we don't make cars here, we'll be at the mercy of the rest of the world. Ross Perot was right! That giant sucking sound has taken all our manufacturing jobs. If we don't turn things around, we'll be down the drain soon!

    November 11, 2008 at 10:16 pm |
  35. Henry G

    We should not be using our tax dollars to save any of the Big 3. They got themselves into this mess. They need to face the consequences. That goes for everyone from the board room to the factory floor.

    No one is bailing me out. I've lost a big chunk of my life savings by following conventional wisdom and investing in stocks. I want to see all of these fools in the same poor house I am going to get stuck in. And I tried to avoid the problems. I lived and continue to live within my means. I saved money for my future, for my retirement. And now it has been severely damaged by the crooks in corporate America and in government. I want to see them all in the poor house with me. They truly deserve it.

    November 11, 2008 at 10:16 pm |
  36. Big John

    The big three have been sinking forever. I just bought a new Nissan Frontier. Could have bought anythng. I read consumer reports, the big 3 trucks were not recommended and guzzle gas. Why? Let them sink, they deserve to. They all make junk, see consumer reports if you disagree.

    November 11, 2008 at 10:16 pm |
  37. Dr. Wayne

    Bail out of the car industry ... The CEO has a private jet and two, yes that's two, helicopters ... the low quality of their products has shrunk sales significantly and into the tank ... union salaries and benefits border on the ridiculous for the work involved ... and a bail out is being asked for. Just what is wrong with this picture ... gluttony to the extreme. Absolutely 'nothing' will be learned and once again the US taxpayer will foot the bill ... scandalous!

    November 11, 2008 at 10:16 pm |
  38. Craig

    Regarding the bailout of GM, I think it is a bad idea – if the economy were not in the state it's in, would a bailout even be considered for a company that has made so many mistakes on its own?

    November 11, 2008 at 10:16 pm |
  39. Claire

    If they continue to bail everyone out then none of us will have anything! The big three need to start building energy saver cars and electric cars that are affordable. That could be a new nitch for them.

    November 11, 2008 at 10:16 pm |
  40. Al Colvard

    The government gave money to the financial institutions to increase their liquidity. Why don't the banks lend money to GM?

    November 11, 2008 at 10:16 pm |
  41. pat

    i dont think the govt should help gmc or others. it will be just a matter of time before they sink anyway and look at all of the money the govt will have wasted. i think we are in times where things are going to happen and you work from there when it does. i worry more about the govt going bankrupt from all this giving away of money and enough is enough.

    November 11, 2008 at 10:16 pm |
  42. cassandra morris

    Hello Anderson,

    Love your reporting.

    I work for a company that supplies bearings for cars and trucks,
    We are fighting for our jobs on a daily basis. I don't know where all of our small town will go if our plant closes. I Hope the Big 3 can get things worked out so we can stay busy.
    Thanks for listening. Sandy

    November 11, 2008 at 10:16 pm |
  43. Brian, NY, NY

    The Big Three Bailout is slowly socialism creeping into our once fair-market economy. Laissez-Faire is dead in America anyway with the strange bedfellows corporate & political leaders have become!

    November 11, 2008 at 10:15 pm |
  44. Tom

    Why do the automakers insist on making cars we dont want, and are reluctant to make cars we do want? For example, the Towncar was discontinued but brought back due to customer demand. At the Tampa auto show last weekend, it was literally hidden in a far corner behind a big sign! And we are supposed to bail them out when they have cars that sell but, for some reason, dont want to?

    November 11, 2008 at 10:15 pm |
  45. Jon

    The Big Three are notorious for promoting from within. No outsiders = no new ideas. They made a bet on SUVs and gas guzzlers and lost. Toyota and Honda have been building plants in US for decades and they aren't begging for a bailout. The Homebuilders are next in line and then.....?? We have to take our medicine for living in a credit bubble.....sooner or later.

    November 11, 2008 at 10:15 pm |
  46. Pat Koler

    If we are going to help out the auto industry, perhaps we should go to the oil companies, who are making record profits and ask them for some funding. The oil companies would have nothing without the auto industry.

    November 11, 2008 at 10:15 pm |
  47. Tracey - Boston

    I was born and raised in Detroit–everyone, city government and the big Three, have their heads in the sand for over thirty years. Something has to give.

    November 11, 2008 at 10:15 pm |
  48. Bob M

    Regarding the possibility of bailing out the automakers . . .

    Can anyone imagine the democrats leaving the manufacturers - and the labor unions' contracts - to the mercy of bankruptcy courts? No way.

    Bob M.
    Benicia, CA

    November 11, 2008 at 10:15 pm |
  49. Ed Choate

    Bail out the automotive industry, but only as loans with stock for collateral and a firm understanding that executives work at reasonable salaries ($500k or less). Put a timeframe on repayment. Include performance guarantees for better mileage autos with smaller carbon footprints. I don't want my tax money given, I want it invested.

    November 11, 2008 at 10:15 pm |
  50. Amanda

    Erica,
    I watched your live web cast, like I usually do. What can I say? It's good stuff. You said you had a day off yesterday, yeah? Maybe it's just me, but it sounds like you have a cold.
    And happy Veterans day! I'm sure lots of grandpas enjoyed their free Subs and the non-grandpa's, too.

    November 11, 2008 at 10:15 pm |
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