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December 11th, 2008
10:45 PM ET

Live Blog from the Anchor Desk 12/11/08

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Filed under: Live Blog
soundoff (329 Responses)
  1. Belinda

    Do people realise that it will cost Americans far more if these companies fail? Unemployment benefits, healthcare needs, more defaults on homes.

    December 11, 2008 at 11:44 pm |
  2. Stacy

    Giving the Big 3 money from TARP sounds like a good plan to me.

    December 11, 2008 at 11:44 pm |
  3. CaseyJ - Palm Springs, CA

    Yes, Harry Reid. You're absolutely right. I can't argue on any of the points you made. But it's time to bite the bullet! It's done, over, that's it. Move forward...

    December 11, 2008 at 11:44 pm |
  4. Mike, Syracuse NY

    Why are 60 votes needed and not just a majority vote? The test vote got 53 votes. Why is that not enough?

    December 11, 2008 at 11:44 pm |
  5. Jolene, St. Joseph, MI

    Republicans wanted the Big 3 agreement to be more strict. Since when does micro-managing become a good thing? Too much regulation can also be a failure!

    December 11, 2008 at 11:44 pm |
  6. jackie Chino Hills, CA

    this is going to be a hard holiday season with so much going on and things still happening. it's hard to find the silver linings, but i'm sure they're out there.

    December 11, 2008 at 11:44 pm |
  7. laramie

    harry reid smiles when he says that the stock market will not like the bill failing in congress.

    December 11, 2008 at 11:43 pm |
  8. Jana, Indiana

    Jo Ann that is a good point. The UAW should want to make some concessions if nothing else to keep their jobs.

    December 11, 2008 at 11:43 pm |
  9. Steve in Ilinois

    Blago won't resign. He's going for a good plea bargain, or he's going to take the rest down with him. He has the goods on Jackson, Emanual, Rezko and Obama. It will get swept under the rug before they would ever prosecute a sitting president. As you can see, there is a quid pro quo for every favor that gets done in Chicago politics. What was the quid pro quo for the real estate deal done between Rezko and Obama?

    December 11, 2008 at 11:43 pm |
  10. BIL

    Of course they would agree to a Wall Street bailout their money is tied into it. They won't vote for the auto company's, that is where their constituents have their livelihood. In my opinion the republicans think. It won't effect my pocket book. So [blagojevich] my constituents.

    December 11, 2008 at 11:43 pm |
  11. Karen

    Once agian,Capital Hill has showed how out of touch they really are with the folks they represent. Will they explain to the amrican people when they get into their shouffered GM vehicles that take them home and to the airports, not to mention they will either take a private plane or a chartered flight home. I hope all them vehicles need parts in order to bring them back to reality when they are sitting on the side of the road. They have probably just contributed to the increase of self inflicted measures by GM employees, in which our tax dollars will pay for in the long run.

    December 11, 2008 at 11:43 pm |
  12. Mary

    I believe that the father/husband of the family killed had to know that a pilot of an aircraft does everything possible to avoid residential areas when things go wrong. Obviously something went seriously wrong. The fact that it was a marine pilot leads me to believe that the pilot did everything within his power to protect the residents.

    December 11, 2008 at 11:43 pm |
  13. Rikki, Fargo, ND

    Kim – I'm with you. It would be nice to see President Bush step up to the plate...though with just a little over a month left on his term I don't foresee that happening.

    December 11, 2008 at 11:43 pm |
  14. Geoff

    Erica, your question boils down to restoring confidence through expediting restoration of a functioning financial system vs. maintaining employment at reasonable levels during a very precarious economic situation. Yes, there are politics of excessive UAW benefits vs. excessive executive compensation as well as ideology of Republicans vs. Democrats. The bottom line is that the overwhelming majority of public office holders in the House and the Senate lack the experience, training, and education to ask the proper financial and economic questions let alone take the appropriate actions for such a serious issue.

    December 11, 2008 at 11:42 pm |
  15. Richard Hudson

    Thank you Senate Republicans you did something right!

    December 11, 2008 at 11:42 pm |
  16. Carlo

    Some of the senator stated theywere willing to give a loan to the Big3, if they would cut the hourly salaries of the auto workeres. Does that mean that they are willing to cut their salary since the government as a deficit? God Bless AMerica!

    December 11, 2008 at 11:42 pm |
  17. Nash

    I’m 19 years old straight out of high school and I cant even get a job now, because people that are getting laid off are takeing over the olny jobs I, at 19 can only get! If everyone loses there job in the auto industry there going to take jobs that other young people need that just graduated. That bill not passing is just causing more problems. I dont know when the senate is going to pull itself together,or when the president is going to step up to the plate and not just sit on his hands!

    December 11, 2008 at 11:42 pm |
  18. Joann

    The officals on capital hill that work for us (we the people) are just a bunch of idiots. They are not thinking of what this denial of funds to the auto companies will do further to the economy. I have not faith left in any decisions that they can make on the hil. One group of individuals they just give money to and another group they make beg for help. I just don't understand the logic in the way the officials are dishing the moneu out in Washington. GOD help us all.

    December 11, 2008 at 11:42 pm |
  19. nubreed

    Byron in the ozarks is right. Part of the reason why people don't want to buy american cars is because of the cookie cutter approach the big 3 went to in the 80's. Used to be you could a car made exactly the way you want it. Now you have to take what they offer you and like it.

    December 11, 2008 at 11:41 pm |
  20. Jo Ann, North Royalton, Ohio

    I'll bet the UAW resistance to concessions is one of the reasons that the bailout failed.

    December 11, 2008 at 11:41 pm |
  21. Becky

    We don't know the stipulations of the auto bailout, but with my glass half full attitude, I say, maybe it was rejected and to be revised to mandate more energy efficient vehicles.

    December 11, 2008 at 11:41 pm |
  22. Megan Dresslar (Shoreline, WA)

    Ohhhhh!!! That is so sad for Mr. Yoon who lost love ones....... so the pilot........ They didn't know when plane crash into the house...... too late for his wife and family to get out the house......

    December 11, 2008 at 11:41 pm |
  23. Brandi - bottom of the boot

    @ ricardo and joanne,

    i know they have cadaver dogs here trained to search in water. they can still smell the decomposition. if they can do that in a bayou, im sure this small area that typically does not contain water would not have been too challenging. we had the same question earlier.

    December 11, 2008 at 11:41 pm |
  24. kim-chicago

    I seriously don't understand how in all good conscience these elected officials can play politics at a time like this.

    This country cannot stand any more jobs being lost right now.
    This is disgusting.

    I hope, for once, George Bush steps up to the plate and starts acting like the president and does whatever it takes to get this money to those auto makers.

    December 11, 2008 at 11:40 pm |
  25. Doreen

    I'm thankful the bailout failed. Bailouts are safety nets for irresponsibility, and they only encourage more of the same. The filthy rich ceo's shouldn't have skimmed their businesses into the ground. They reaped the harvest, because they thought that the fear of an economic catastrophe would guarantee them a bailout. Well, they thought wrong... American people will no longer tolerate it. Let the high rolling ceo's pay out of their own pockets to resurrect the industries they killed. Give bailouts to the middle class citizens who are victims of insatiable corporate greed.

    December 11, 2008 at 11:40 pm |
  26. Branton Scottsdale AZ

    Whats next! American automakers has taken advantage of American consumers for a long time. Poor quality! High prices for cheap materials. It's just a bad pot of gumbo that cooked on the stove to long. Burned! Americans deserve the best of everything. It hurt everyone when we are sold cheap. Wake-up America! There is alot of great competitors out there. Hello! The Germans, The Japanese, The Italians, Now the the Koreans. Let's get it together.

    December 11, 2008 at 11:40 pm |
  27. Belinda

    My heart breaks for Caylee. If its her, I'm glad she will now be able to rest in peace.

    December 11, 2008 at 11:39 pm |
  28. Jana, Indiana

    It is hard to believe that the mother and father changed their minds and now think their daughter is inoccent.

    December 11, 2008 at 11:38 pm |
  29. Peter

    I think this vote reflects general public opinion. In competitive global market, it is impossible to continue to sustain higher cost operation with less competitive products. Why should tUS axpayers pay for the inefficiency and higher costs at GM and Chrysler while Toyota and Honda can operate efficiently and at lower costs in US. Keep in mind, that all these auto companies are global companies.

    December 11, 2008 at 11:38 pm |
  30. Ricardo Campbell

    Great question Jo An but remember that the entire area was totally covered with water when the searches commenced.

    December 11, 2008 at 11:38 pm |
  31. Brandi - bottom of the boot

    im not sure if chloroform would remain after decomposition. as a gas, i would think it has dissipated and the bones most likely would not have absorbed it during the childs death.

    December 11, 2008 at 11:38 pm |
  32. laramie

    people who make less than those who are failing don't want to bail them out. it's human nature.

    December 11, 2008 at 11:38 pm |
  33. Mary

    If it was an accident wouldn't she admit that. I can't think that she is still alive and no one has come forward. Wake up

    December 11, 2008 at 11:38 pm |
  34. Shelley Long

    Outrageous! The fact that the Senate just voted down a bailout loan with lots of strings attached for the auto industry (main street) while recently approving a bailout for the financial sector (Wall Street) with almost no strings attached is outrageous.

    Are our congressional representatives so thoroughly deluded by and entangled in Wall Street mentality they forget that main street moves the "chad?"

    My heart fills with grief for my main street comrades who will join the the swelling ranks of the unemployed, uninsured, and God forbid, the homeless and hungry.

    December 11, 2008 at 11:38 pm |
  35. Gisselle - Houston TX

    OMG they found the body? OMG weren't the grandparents on Larry King last night saying she'd been seen somewhere, what is going on with these people?

    December 11, 2008 at 11:37 pm |
  36. Jolene, St. Joseph, MI

    I find it interesting that yesterday on LKL, the family still thought Caylee was alive. Casey felt "in her heart" that she was near and close. Then all of sudden today, remains are found. Unbelieveable!

    December 11, 2008 at 11:37 pm |
  37. Jo Ann, North Royalton, Ohio

    When has Casey Anthony told the truth?

    December 11, 2008 at 11:36 pm |
  38. Richard Wells

    OK, I'm missing something. What is that Obama is supposed to say that he or his staff didn't do, when nobody has brought to light any facts that supports the contention that he or anyone associated with him has done anything?

    Can we just let this man prepare for his presidency, instead of asking him to prove a negative? What gives?

    December 11, 2008 at 11:36 pm |
  39. Megan Dresslar (Shoreline, WA)

    Oh no!!!! someone found Caylee (the body).... that is so sad for her family..........if is she match the body...... I hope it is Caylee.....

    December 11, 2008 at 11:36 pm |
  40. David, Indiana

    Compressed time frame Erica, this is a special session of congress, isn't it, not like regular session where they don't feel pressured. Certainly congress has shown that it can get the job done again and again when it comes to coming up w/ sensible compromises and agreements.

    Also there's a lot going on, congress isn't getting to focus on this wholly as it did on the 700b rescue.

    December 11, 2008 at 11:36 pm |
  41. Jo Ann, North Royalton, Ohio

    Could there still be traces of chloroform on the body if it is Caylee?

    December 11, 2008 at 11:36 pm |
  42. Lynn

    It is amazing to me the people who are making minimum wage are applauding the republicans for going after the wages of the auto workers.

    December 11, 2008 at 11:36 pm |
  43. katherine

    As a young person, I feel confused by the message that the government is sending to its citizens. Is it fine to bail out wall street who acted irresponsibly and was not able to balance its own budget? But a bail out for the auto industry is impossible because that company acted irresponsibly as well? If the government has declared it to be an economic recession why is congress continuing to waver on getting us out of this recession.

    December 11, 2008 at 11:36 pm |
  44. Becky

    I believe the decision to bailout wall street had to do with personal gains for (some of) the decision makers. The rich doing what they can to stay rich. They wouldn't directly benefit from bailing out the auto industry. Chances are they don't care to drive a Ford or GM...

    December 11, 2008 at 11:35 pm |
  45. Mary

    What are the grandparent"s thinking at this time? What a living hell they have been through.

    December 11, 2008 at 11:35 pm |
  46. Richard Bruce

    Erica, the Wallstreet bailout made more sense because it was much more of a backbone, but really what is emotional for me is that I have witnessed decade after decade of our cars looking and working like crap compared to the rest of the world, and we are better than this! America can do better, I know for sure! I could manage them right now, and have competitive cool cars on the market in two years tops!

    December 11, 2008 at 11:34 pm |
  47. byron in the ozarks

    I remember, as a child, my father ordering our Oldsmobile station wagon and going back weeks later to pick it up. We simply make too many cars. We built too many houses, as well. The railroads were about put out of business by the automobile. Let them go. It's sink or swim.

    December 11, 2008 at 11:34 pm |
  48. Belinda

    There are people who want to buy cars and cannot get loans. The government gave a hefty bailout to the financial industry but they are not releasing funds. So you have small business (i.e. car dealers, repair shops, etc.) that have lines of credits that are freezing up. Also we can't assume that those that wanted to buy cars have bad credit. Then again, the credit card companies are increasing interest rates. My point is everything is linked and targeting the unions is a bunch of bull. Personally, I always thought the loan should come from the TARP.

    December 11, 2008 at 11:34 pm |
  49. Jo Ann, North Royalton, Ohio

    Erica, I don't like either bailouts. It sends a bad message to other financial institiutions and companies. However, I think Chapter 11 for the auto industries may be dangerous in this economy.

    I heard a representative from a "healthy" bank say that they feel they are entitled to some of the bailout money!

    December 11, 2008 at 11:34 pm |
  50. Richard Hudson

    The 700B was a joke as well Bad Companies need to fail. Free enterprise will pick up the working parts

    December 11, 2008 at 11:33 pm |
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