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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.

Here are some of them:

1) Don't write in ALL CAPS (we don't like screaming)
2) Stay on topic.
3) Keep it short

Don't miss Erica Hill's webcast during the commercials. LINK TO WEBCAST

And take a look at our live web camera from the AC360° studio. LINK TO THE BLOG CAMERA


Filed under: Live Blog
soundoff (371 Responses)
  1. sabrina NY

    Hi Anderson,
    Really like your show!
    Please stop (all news reporters) talking about or to Sarah Palin.
    She is not that interesting really! She helped the republicans loose the election and is out of touch. The world is watching and we (as proved by the election) don't want such a simpleton reprenting the USA?
    There are lots of other things to report on.
    Thanks

    November 11, 2008 at 10:22 pm |
  2. Rachna Jain

    Why is the basis of capitalism being underrmined by these bailouts. If a company underperforms then maybe it needs to go under so a new, better, and smarter auto company can emerge. Stop using tax bailouts for private sectors unless there is visible accountability.

    November 11, 2008 at 10:22 pm |
  3. Fay, CA

    It's great to see Michael Ware and Peter Bergen again–their perspectives on Iraq and Afghanistan have really been missed in the midst of all the political coverage.

    November 11, 2008 at 10:22 pm |
  4. Marlana Dokken

    Regarding the automobile bailout.... At Chrysler in Belvidere, IL unskilled laborers are paid a hefty salary for slapping on windhield wipers. They also recieve up to 90% of their pay when they are laid off. Perhaps this has something to do with the auto industries failure to thrive....

    November 11, 2008 at 10:21 pm |
  5. John R - Doylestown PA

    With 10 million people wanting to work and able to find none, if Bush or Obama hand out Taxpayer Money to the theives that work for the BIG ThREE with their pensions and rediculous health care benefits and wage rates, we average folks will go postal. This "Bailout" is turning into a disgrace. If they want to rape us, they should at least put a bag over their heads.

    November 11, 2008 at 10:21 pm |
  6. Marcia - Nebraska

    If they do the bail out for the major 3 automakers, then it should come with strings attached that emphasize that there be a 360 turnaround in designing and producing American made vehicles that rival Toyota and Honda for reliable, well-made vehicles. It would also need an immediate change to fuel efficient vehicles and alternative fuel vehicles. Information was leaked that GM, Ford, and Chrysler have the ability to manufacture vehicles that get amazing gas mileage, or run on other fuels, but the manufacturing of these impressive models was halted by interested parties who wanted to keep our need for oil first and foremost. Patriotism must come first over self interests.
    Thank you.

    November 11, 2008 at 10:21 pm |
  7. Maureen T

    Great to see and hear Michael Ware!

    November 11, 2008 at 10:21 pm |
  8. MaryBeth

    Yay! Michael Ware! I love him. Glad to see him in a studio instead of a battle zone.

    November 11, 2008 at 10:21 pm |
  9. jerry Rutledge

    I would put a tax on gasoline. Make it patriotic sounding like "Energy Independence Surcharge". Then use the revenue to help the auto industry under the condition that they use it to develop fuel efficient or electric vehicles. Anything left over money could go to infrastructure repair.

    November 11, 2008 at 10:21 pm |
  10. Candace from Canada

    Bless all our Veterans,
    Canadian and American.

    God only knows where we would be without their efforts of the past.

    Happy Remembrance Day, from Canada 🙂

    November 11, 2008 at 10:21 pm |
  11. Karen Pierson

    Hi From Canada!!
    I understand the concern regarding the big auto makers and the amount of people that would be out of work if they fail but I have to say that I don't believe a bailout will help in the long run. The people that work there make too much money, lower that amount and "spread the wealth" around, maybe lower the price of cars and get a more competitive market and then maybe, just maybe things will improve. They've been living too high for too long.

    November 11, 2008 at 10:21 pm |
  12. Vicky Scopesi

    I work for the City of Vallejo the largest city to declare bankruptcy. The bottomline was the labor contracts. If the BIG THREE want help, they need to start with the Labor Unions.

    November 11, 2008 at 10:21 pm |
  13. Ruth Lalonde

    My husband worked 30 years for GM before he passed away, so that I could have a pension. If the auto industry doesn't get some help what will I live on? And how many retirees will be left with no income?

    November 11, 2008 at 10:21 pm |
  14. sharon from Indy

    No bail out for the Big Three? Just wait, umemployment will be in your neighborhood soon. The trickle down theory also goes into the unemployment line.

    November 11, 2008 at 10:20 pm |
  15. Jerry From Iowa

    Hi Anderson,
    I would like to comment on the bailout of gm and ford. It doesn't matter how much money you throw at them. If the banks aren't lending then cars won't be selling. We need to fix the econmy and let ford and gm file bankruptcy and restructure. Maybe then they can cut out some of the frivolous spending and hi payroll and bonuses for execs.

    November 11, 2008 at 10:20 pm |
  16. Will

    Any bail out of automakers needs to be tied to a mandate they produce alternative fuel technology now. Recently they drove a fuel cell SUV to Kansas City to "show off" but yet, we have no fuel stations for the technology that already exists–stupid. –Will, Olathe, KS

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

    At this time the only option may in fact be to bailout the 'Big 3.' However, I feel that the government should provide incentives for these auto makers to create more fully electric cars such as the Chevy Volt. The government's bailout should include re-tooling assistance and other assistance as needed.
    Perhaps CNN could do a new special on the auto industry with a major focus on electric cars becoming the new standard. Although there are certainly alternative fuel vehicles available, electric is now (and has been for some time) widely considered to be the wave of the future.

    November 11, 2008 at 10:20 pm |
  18. Alice

    I don't see the logic in spending billions of tax payer dollars for a Big 3 bail out. How will it help the economy to keep making gas-guzzling cars that no one wants to buy? It would make more sense to put those auto workers on lines manufacturing windmill parts instead of importing them from China.

    November 11, 2008 at 10:20 pm |
  19. Brian Greene

    I can’t think of a better way for ExxonMobile to spend their record profits than to bail out the auto industry. A symbiotic relationship exists between the two. ExxonMobile has benefited greatly from the big 3 automakers insistence that all Americans want big gas guzzling cars. It is a perfect way for ExxonMobile to show their patriotism for our country and a way to give back to all Americans who have paid astronomical gas prices.

    November 11, 2008 at 10:20 pm |
  20. Jim

    To All Those Who have served in our Armed forces- THANK YOU
    As to the bail outs- if i need a bail out -I as a taxpayer get no help- why should we bail out companies just because they are rich? You spend foolishly You should suffer the consequences no matter who you are.

    November 11, 2008 at 10:20 pm |
  21. Imani from Maryland

    OMG! i just figured F5 out like last week, your not alone Erica.

    November 11, 2008 at 10:20 pm |
  22. ericacnn

    Good evening, bloggers. Thank YOU to all of the Veterans joining us on the blog tonight.

    November 11, 2008 at 10:20 pm |
  23. CaseyJ - Palm Springs, CA

    Jeff, the steel industry is as good as through in the country (since the 80s).

    Mary H., St. Lous, "Buy American" means buying a car assembled in the U.S., and that isn't just a Ford, Chrysler, or GM product. That could be Nissan, Honda, Toyota, BMA, Hyundai and so on.

    November 11, 2008 at 10:20 pm |
  24. Larry Will

    i think we should not support a bail out for the car industry, an industry that killed the electric car 9 years. They stayed in bed with the oil companies and continued to build the large oversized SUVs.

    November 11, 2008 at 10:20 pm |
  25. Kitty, Canada

    I can't help but wonder – didn't GM have the Electric car a few years ago that mysteriously got taken off the market? If they had marketed toward smaller cars rather than make those huge Hummers they wouldn't be in this mess.

    If Japanese and Korean companies can make cars that are fuel-efficient and still thrive in this economy, why can't the Big 3? Maybe the Big 3 needs to rehaul it's business policies from the top-down.

    November 11, 2008 at 10:20 pm |
  26. Annette

    AIG bailout -acceptable. AIG execs livin it up after-acceptable. Bail out the auto industry- not acceptable? Millions of employees loosing their jobs, pensions, healthcare and ultimately foreclosure on their homes- not acceptable!!!

    November 11, 2008 at 10:20 pm |
  27. Matt

    Phil Graham was right... we have turned into a country of whiners. Nobody complains when the stock market is over valued by 30%, so why should we complain now that it has corrected itself? And by the way, it is still overvalued.

    November 11, 2008 at 10:20 pm |
  28. Sandy Leeder

    I believe the bondholders and the government can run GM better than its current management, let it go into chapter 11 bankruptcy. Reorganize it, then give it a cash infusion to produces high miles per gallon cars. Use the chapter 11 bankruptcy and government cash infusion to increase milage standards to over 45 miles per gallon.

    November 11, 2008 at 10:20 pm |
  29. Michael Kircher

    Bailout General Motors on the condition that it retool and sell the EV1 electric car that it had on the road from 1997 to 2003 when it killed the program.

    November 11, 2008 at 10:20 pm |
  30. Barb McCann

    If the auto companies get the bail out, will the people who cannot buy those cars now still not be able to buy them? If so then why the bail out?

    November 11, 2008 at 10:19 pm |
  31. Jeff Crenshaw

    The biggest challenge auto industry management faces is getting the unions to give concessions to move their industry forward. The management of all the big automakers have just caved in during past negotiations, and this is the mess they are left with! If the unions want to keep their people working, they better give something back!

    November 11, 2008 at 10:19 pm |
  32. David, Indiana

    I mean Hi Erica.

    I don't understand auto industry troubles, won't auto industry adjust like it did in the late 80's and early 90's and start building cars that get better mpg to get sales to increase.

    Thanks for the refresh tip on webcast, Erica.

    November 11, 2008 at 10:19 pm |
  33. Peggy Evans

    Why not have the oil companies, with their record profits, bail out the auto industry?

    November 11, 2008 at 10:19 pm |
  34. Darcy

    I believe it is time for the government to bail out the big three. The american people have been foolishly sending their money to japan too much in the last 4 years. One way or another the big three are an absolute necessity if the U.S. is to survive the economic slowdown. It is proven that the american people cant do what is right to save the economy so a responible government will have to do it for them.

    November 11, 2008 at 10:19 pm |
  35. Nancy M.

    You don't see Toyota or Honda asking for a bail out.
    They both make cars in the U.S. like the big three, except they sell better and cost less. How come?

    November 11, 2008 at 10:19 pm |
  36. Rick

    Bailout no, but remember that GM is actually very profitable in China and Brazil. It can survive and even prosper if it can make it through fiscal 2009 at which time the renegotiated union contracts will allow it to resize and restore profitability stateside.
    Ford is in even better financial shape, so optimism is realism!

    November 11, 2008 at 10:19 pm |
  37. Steve Reestman

    We need to start taxing imported vehicles and raising prices on foreign vehicles or we will never be able to become competitive here in the US. An ounce of isolationism is called for here.

    November 11, 2008 at 10:19 pm |
  38. Gisselle - Houston, Texas

    Does the mother in law have to move in? Is that normal? I just wonder, I don't see anything wrong with it but I never heard of the in-laws living in the W.H., please correct me if I am wrong.

    November 11, 2008 at 10:19 pm |
  39. Pam

    We can bail out the auto industry, but at the end of the day, people don't have jobs, therefore the inventory will pile up and we will be back in the same fix next year.

    I sell cars for a living and right now, sales suck. People need JOBS! JOBS create buying power.

    Pam
    Fair Oaks, Ca

    November 11, 2008 at 10:19 pm |
  40. Steve (Roanoke,VA)

    Unlike bailing out AIG, I think the American People would agree to bailout GM and other automakers if the bailout package would include new policies to require them to re-tool their factories to make hybrid vehicles and create new jobs...an investment into the future we all can agree upon and a investment return everytime we fill the tank...

    November 11, 2008 at 10:19 pm |
  41. kay bordeau

    I don't think we should help out the car companies unless the top people that work there and make over $500,000. a year sign legal papers that they will not take any more big saleries, that they will cap thier saleries at $500,000. and put the rest back into the business. Let's see how serious they really are about saving thier companies.

    November 11, 2008 at 10:19 pm |
  42. Ken

    Hi Anderson. I do not think the U.S. government should bail out the big three auto companies. Let them go through bankruptcy and emerge new, leaner companies with new management, new labor contracts and reduced executive compenstaion. The government needs to bail out the middle class. Enough shelling out money to save corporations. Lastly, I'd like to see some of the corporate CEOs making millions a year in salaries to take a meanginful reduction in salary and donate that amount to the government or their employees.

    November 11, 2008 at 10:19 pm |
  43. Maggie

    I don't approve of the "Big 3" bail out. They've had many chances to make a fuel efficient car (remember the electric car of the 80's that they 'buried'?

    I understand employees of car makers will collect unemployment (while being able to work 'under the table'), plus money from the unions, and the suppliers will sell parts to foreign manufacturers instead.

    November 11, 2008 at 10:19 pm |
  44. Paul - Michigan

    The UAW is a also a part of the demise of the auto industry. I don't underdstand why congress hasn't pulled them into this problem and questrioned them as to what they are going to offer up to help out the troubled industry. This NEWS coming out that part of the "gov bailout" is for UAW benefits is absurbed.

    November 11, 2008 at 10:18 pm |
  45. Rob Megenhardt

    Why bail out The Auto makes thats not going to help when that auto buys are out of work and can't buy . You can give the auto makers all the money they need But if you have No buyers why waste that money

    November 11, 2008 at 10:18 pm |
  46. Freddy Panes

    Moreci the econmoist was talking on your program that if government bails out GM today, they will need to be bailed out again by 2012.

    Let them go to bankcrupty, and then after the reorganization a new auto company comes up with more efficient methods, better management, and we hope, much cheaper cars.

    Who knows, Toyota, Nissan, or maybe Hyundai will by them, maintain the name, scrap all the guys who steered the company to run aground and replace them with a better management team.

    his could be a new dawn in the American auto industry.

    November 11, 2008 at 10:18 pm |
  47. Chris

    First if all I am appalled at what the New York times did. The government should step in close them down., I believe the car makers should be bailed out, but I don't think we need another stimuls package. If these car places shut down so goes small town america. Governor Palin very well may be in the senate in a few months, up to her. It is a fact that comment of Africa never happened. I was glad to see that McCain set it straight tonight along with the campaign people who sat in that consversation and said it never happen. She is a threat and a woman. Don't underestimate her. But what the Times did was horrible.

    November 11, 2008 at 10:18 pm |
  48. Mitch Martin

    Bailouts: No bailouts for anything, you are stiffling free enterprise. The mortgage companies, the automobile industry, the airlines, etc. etc. should go bankrupt and start over with new management, that is free enterprise. The Bailout Program is socialism saving the the skins of the old management, that is wrong. We the people do not want our tax money going to the Bailout Program. No! means No bailouts!

    November 11, 2008 at 10:18 pm |
  49. Tracey - Boston

    John

    It’s not that automakers are making bad cars,

    No they could make better cars, energy efficient ....

    November 11, 2008 at 10:18 pm |
  50. Nancy Johnson

    Here's the real problem. Our economy mirrors our society. Parents bail out their children, make sure they get trophies for every sport they play– even if they lose, and make sure their "self-esteem" is protected. This is exactly what our government is doing today by bailing out everyone so we don't have to "suffer" as a nation. What happened to our pioneering spirit? Our entitlement packages–social security and medicare–weren't meant to last a lifetime. We need to take responsibility for ourselves and our futures. That is not the job of our government.

    November 11, 2008 at 10:18 pm |
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