December 2nd, 2008
09:45 PM ET

Live Blog from the Anchor Desk 12/02/08

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We're following breaking news tonight, Senator Saxby Chambliss holds on to his long-contested Senate seat. We'll tell you how his win will affect the balance of power in the Senate, and affect the Obama presidency. How do you think the new Congress and the new President will work together?
And the Big Three automakers ask Congress for even more money. They presented plans that include job cuts and dollar a year salaries for CEOs, but will it be enough to convince lawmakers to give them billions? What do you think?

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Filed under: Live Blog
soundoff (148 Responses)
  1. Tyler, NY

    Big 3 can't be blamed for ALL of the reduced auto sales... in a recession people are less likely to spend money on cars, it's not as though the products are the problem, part of the problem is the consumer coming up with the money and convincing the bank to give them a loan

    December 2, 2008 at 10:39 pm |
  2. David Gergen

    Hello everyone - good to see you online tonight. Saxby Chambliss was a big, symbolic victory for the Republicans after they got a real drubbing in November. But that doesn't mean Barack Obama can't govern effectively. What it suggests instead is that he will need to win over some Republican votes in order to pass significant reforms in health care, taxes, and the like. And in truth, that is probably a good thing for the country - Daniel Patrick Moynihan taught me years ago that the big, lasting reforms coming out of Washington since the 1930s have first won large, bipartisan support in the Senate (e.g., Social Security, Medicare, Civil Rights bills of 1964 and 1965). So, for those Democrats who are saddened tonight by Georgia, there may be a silver lining here.

    In the meantime, my bet is that the Big Three - having been spanked a couple of weeks ago - will now get help big-time help from the government.

    December 2, 2008 at 10:38 pm |
  3. CurtisJo

    Pirates attacking a cruise ship seems irrelevant after attacking major tankers. What are they going to get, even IF the passengers are wealthy? It's not like they're traveling with all their liquid assets in their pockets.

    December 2, 2008 at 10:38 pm |
  4. Jolene, St. Joseph, MI

    @David, Indiana: Obviously, the Big 3 will have to compete with the Toyotas, etc. but what they really need to be doing is thinking beyond what people are buying today. Unless they have these cars designed already, it takes years to design and get a new car into production.

    December 2, 2008 at 10:36 pm |
  5. Betty Ann, Nacogdoches,Tx

    Hey Megan! I like your comments too! LOL!

    December 2, 2008 at 10:36 pm |
  6. Mary H. St. Louis, MO

    Erica, I feel better about the bailout plans. Well, at least for Ford and GM. They seemed more aggressive and seem to be heading in the right direction. Not sure if it will work but I think the Gov't has to try. Just unclear on what Chrysler means by Alliances, still seemed too vague.

    December 2, 2008 at 10:36 pm |
  7. CaseyJ - Las Vegas

    The attackers had to have inside people in the Taj, at very least. They clearly knew their way around the hotel, not to mention the city.

    December 2, 2008 at 10:36 pm |
  8. Rohan

    Pakistan keeps saying we want evidence. Go back 10 years, every government official including the President and Prime Minister has said on record that the Pakistan Government gives moral and financial support to these very extremists. Can anyone really believe that this support which lasted for more than 50 years would have stopped in 7-8 years?

    December 2, 2008 at 10:35 pm |
  9. Bill Walker in Texas

    Okay Chambliss won hooray! The Republicans paid for is campaign now he works for the people not the Republicans, has to represent his state and all its people: the Party is over!

    We should assist the US auto industry, we do not want to ship all of those jobs and money overseas to foreign countries: they must become competitive and never forget what $5.00 a gallon gas did to our economy and our FICA scores?

    If we would bailout the consumer, everybody else all of the institutional banking system would get well naturally from the bottom up! A federal credit card with a $10K limit for all taxpayers would work!

    December 2, 2008 at 10:35 pm |
  10. Minou, New York City

    I believe Zardari means what he says, but I don't think he has the military which is suspected of having ties to terrorist groups, under control.

    December 2, 2008 at 10:34 pm |
  11. lynn

    Toyotas sales were down by over 30%...no one is selling many cars right now!!

    December 2, 2008 at 10:34 pm |
  12. Megan Dresslar (Shoreline, Wa)

    Very Funny!!!!! Betty Ann.......... I love your joke!!!!! I agree with you.... LOL.........

    December 2, 2008 at 10:34 pm |
  13. Ravi

    We know American cars suck...just let them go

    December 2, 2008 at 10:33 pm |
  14. Betty Ann, Nacogdoches,Tx

    Nasissa~ Hasn't Gov Palin already had her 15 minutes of fame? Ok~ time's up! 🙂

    December 2, 2008 at 10:33 pm |
  15. Imani from Maryland

    Can someone remind me of why the Big 3 needs all this money please... i mean their exact plan.

    December 2, 2008 at 10:33 pm |
  16. Gustavo Acosta, Newark DE

    In regards to the auto bailout I'm not convinced the money would be used properly. If it is just going to be used to sustain already failing car companies then it is only prolonging their inevitable downfall. Only if the money is designated to developement of superior auto technology that can give US companies an edge over foreign auto makers can it work. Otherwise I think the money should be used to finance a Union workers land invasion of China, maybe then the US can get back into manufacturing.

    December 2, 2008 at 10:33 pm |
  17. lynn

    The projections from the early ballots was for a Republican win due to the large vote of white males...Sarah Palin going down one day vefore the election on her way to the Governors meeting hardly counts as a claim to having produced a win!!

    December 2, 2008 at 10:32 pm |
  18. Gee Delgado

    I think that the auto makers had their chance to create a stimulus of their own long ago. It's time to sit back, and watch their attempt to escape foil.

    December 2, 2008 at 10:31 pm |
  19. CaseyJ - Las Vegas

    Don't forget. it was GM that destroyed the Impact, the first truly viable all-electric vehicle. There was absolutely no logic for them to destroy these cars, especially when so many people wanted to buy them when their leases expired, at virtually any cost. That chapter of the American auto industry was a travesty.

    December 2, 2008 at 10:31 pm |
  20. Dana

    The Big 3 will sell more cars when the playing field is leveled with regards to labor costs. Toyota and Honda build cars without union labor. They pay about a third to a half less. They also get assistance from the Japanese government.

    December 2, 2008 at 10:30 pm |
  21. Jane

    These CEOs are going to be grilled by congress, they need to have fresh minds, why drive 500 miles? They already screwed up last time, they didnt need to go to the extreme, just fly commercial. Obama would call this "erratic" behavior.

    December 2, 2008 at 10:30 pm |
  22. Naissa, South Texas

    Betty Ann-LOL, I was laughing at the exact same thing. I was also thinking about the footage of her they showed at the rally a while ago. It's rather silly.

    The amount of money these people are talking about is crazy! Billions and billions of dollars?! Geez, and all I want is 3grand for school, but they are talking about billions like its mere dollars! :/

    December 2, 2008 at 10:30 pm |
  23. lynn

    PE Obama can't get sworn into office soon enough for me; all this speculation, rumours and advice from pundits is getting stale!! Why can't discussions be about what IS happening instead of criticizing before he even takes office!!

    December 2, 2008 at 10:30 pm |
  24. Emily

    Topic: Big 3

    Can anyone talk for a moment about those automakers who are also feeling the impact of the economic situation, but do have their hand out for taxpayers money? I am sure Toyota and Honda employ thousands of people throughout the U.S., and have somehow been able to sustain so far. Yes, the current economic environment is tough, but Ford, Chrysler and GM are only reacting now to a seriously bad situation.

    December 2, 2008 at 10:29 pm |
  25. MaryBeth

    GM can take all those Saturn and Pontiac plants and turn them into hybrid, flexfule, electric, car plants. Don't lay off ppl...just make different cars.

    December 2, 2008 at 10:28 pm |
  26. David, Indiana

    Jolene, my guess is that big 3 will want find cars that they can crank out so that they can gear up their production lines, I think they'll be sleek high mpg models sedans and coupes

    December 2, 2008 at 10:28 pm |
  27. Betty Ann, Nacogdoches,Tx

    Sarah Palin gets credit for the Chambliss win? Tee he he

    December 2, 2008 at 10:27 pm |
  28. Dulcie - Denver

    Erica: I agree with your friend. The concessions the CEOs made are largely symbolic. Speaking for myself, I have no plans to buy any cars from any manufacturer in the foreseeable future.

    I would like to hear more firm, concrete plans from the Big 3. I haven't heard anything very substantive yet.

    December 2, 2008 at 10:26 pm |
  29. CurtisJo

    There absolutely must be a paradigm shift in the products and marketing of American autos. We're brainwashed to think that only heavy, powerful cars and trucks are worthwhile–that's Detroit's own doing.

    December 2, 2008 at 10:26 pm |
  30. Betty Ann, Nacogdoches,Tx

    Erica~ Hybrids? Alternative fuel cars? Hmm, i might just get a bicycle.

    December 2, 2008 at 10:26 pm |
  31. Megan Dresslar (Shoreline, Wa)

    Can they? Erica? they would sell their car without bailout. I think maybe they will earn salary their money.

    December 2, 2008 at 10:26 pm |
  32. Lorie Ann, Buellton, California

    Erica, if a company has an excellent product, well priced, well built and stands behind that product, then they would have a winner of a car.

    December 2, 2008 at 10:26 pm |
  33. Tyler, NY

    Wasn't the number 25 Billion? If the government keeps upping the numbers, when will it stop?

    December 2, 2008 at 10:25 pm |
  34. James Scott from Scottsdale, AZ

    Make and Market Cheaper, better-made (include the goodies in base orice), fuel-efficient cars.

    No rebates, just very low prices.

    December 2, 2008 at 10:25 pm |
  35. CaseyJ - Las Vegas

    I am AGAINST this auto "bailout" and I encourage everyone to keep contacting their representatives to let them know what you think! Chrysler is owned by an investment company and funds shouldn't even be considered for them. You don't go and buy companies and then get complete immunity from any risk–that's wrong.

    December 2, 2008 at 10:23 pm |
  36. Jacqui Chan

    ha that was a funny and honest comment from Joe Biden

    December 2, 2008 at 10:23 pm |
  37. ericacnn

    re: bailout, someone said to me today that the $1 salaries and losing the jets are all well and good, but what he wants to know is how the big 3 will sell more cars... thoughts?

    December 2, 2008 at 10:23 pm |
  38. Naissa, South Texas

    Lori-I never thought about it being a red state. It totally slipped my mind. Thank you for clearing that up. I guess I just assumed Dems would get their 60 seats and all.

    December 2, 2008 at 10:23 pm |
  39. jorge PERU

    why all this companies go down? the crisis in US is really bad.

    December 2, 2008 at 10:23 pm |
  40. Dulcie - Denver

    Man, I understand the states' problems. I have to spend every Thurs. night in City Council. It's been a bloodbath over setting the city budget.

    It really makes me wonder where it's all going to end up

    December 2, 2008 at 10:22 pm |
  41. David, Indiana

    You need to allow big 3 automakers flexibility to compete with producers from other countries. Didn't that kind of work out in the 90's?

    I wonder if over time other shops will become union shops, that would help to level the playing field, too.

    December 2, 2008 at 10:22 pm |
  42. Gustavo Acosta, Newark DE

    Although I understand that our nation is in serious need of social reforms as safety nets to help the economy get back up I have a positive outlook on Chambliss's victory. Democrats already dominate both houses, the executive branch, and by the end of Obama's term/terms most likely the Supreme court as well. Despite which party someone leans towards, there is undeniably a need for balance between the two parties and there needs to be at least some effective opposition the the more radical plans democrats intend to push on. At least this preserves the two party system that brings balance to politics.

    December 2, 2008 at 10:22 pm |
  43. Minou, New York City

    The 60 seats only refer to a "filibuster proof" senate. 60 seats wouldn't give the Dems complete control at all. It only means that a senator who's against the bill,( and who's afraid that by voting, the bill would win the majority) cannot talk until time has run out so there's no time left for the vote. They can literally talk a bill to death.

    December 2, 2008 at 10:21 pm |
  44. Megan Dresslar (Shoreline, Wa)

    I don't know I would like bailout, But I can't bailout other people. but 3 companies already bailout to help....

    December 2, 2008 at 10:21 pm |
  45. Chrissy

    Just to post a correction about what Ali stated. Ford is the organization that has been selling off some of its' brands such as Jaguar, not GM. GM has brands like Hummer that they are selling, but Jaguar was Ford.

    December 2, 2008 at 10:21 pm |
  46. Dana

    GM didn't sell Volvo or Jag, because they didn't own them. Ford does. GM asked for 12B in loans now and 6B in the months ahead for a line of credit only if the current economic crisis continues.

    December 2, 2008 at 10:21 pm |
  47. Bea

    C. Crowley says 41 governors project red ink. Who are the governors who don't?

    December 2, 2008 at 10:21 pm |
  48. James Scott from Scottsdale, AZ

    We need to do it for five basic reasons:
    1) Consumer confidence
    2) Control their future
    3) Keep America's true manufactoring position globally
    4) Reduce the number of job loss
    5) Reduce the probability of Chpt 11 going to dissolvement

    December 2, 2008 at 10:21 pm |
  49. Betty Ann, Nacogdoches,Tx

    Oh gosh. I don't care about Chambliss. I am so happy about Obama and his cabinet! Unite!

    December 2, 2008 at 10:20 pm |
  50. lynn

    What about all of the subsidies and tax incentives that states give Toyota and Honda to build plants in their states? Isn't that a type of "bailout"//

    December 2, 2008 at 10:20 pm |
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