January 28th, 2009
09:45 PM ET

Live Blog from the Anchor Desk 1/28/09

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Filed under: Live Blog
soundoff (755 Responses)
  1. Liv

    I agree with Abby and Kwame–both posted 10:09 pm ET. In addition, why don't we get a full analysis from economists? Anderson, can you get someone from the Brookings Institute and American Enterprise Institute to weigh on this issue? It would be an interesting discussion

    January 28, 2009 at 10:21 pm |
  2. Mike Holton

    This is taxpayer money. If they are going to spend it the taxpayer should at least benefit from it. Don't waste it on planting new grass in the mall, how absurd! At current calculations the money creates 3.5 mil new jobs. The average is 40k/yr at the cost of 272k ea. Not good math. Sve some cash send 3.5 mil people 40k each and call it a day.

    January 28, 2009 at 10:21 pm |
  3. Joyce haver

    Obama sells us a bill of goods about using this money for infastructure to create jobs....give us a break! Do these democrats really care about our country?

    January 28, 2009 at 10:21 pm |
  4. faith

    people who have lost jobs only have a very limited time before they loose everything. they cannot wait 2 years for another job. the only things that should be in a stimulus pkg. are those that will create jobs now not next sept. all that other stuff can be heaped on the tax payers later.

    January 28, 2009 at 10:21 pm |
  5. Key

    It is possible for the Government to establish a Generally Accepted Accounting Principles (GAAP) standard or practice which includes real accounts and real contra accounts to track this money on businesses balance sheets? Simple Debits and Credits!

    Why haven’t we done this?

    Without an accounting practice or standard for bailout money we’re doomed because we’re not regulating an artificial apparatus used to get us back the real capitalism.

    I vote in favor of the democratic perspective on every national issue but the dems missed the mark on this one. So much for a victory!

    January 28, 2009 at 10:21 pm |
  6. Tracy Brown - Ontario Canada

    Guido – One of the reasons that your 401K is worth 37% less is because of lack of regulation, and it was the Republicans, who were responsible for this de-regulation.

    January 28, 2009 at 10:21 pm |
  7. Kat

    Let's remember, it was NOT on the Democratic Presidential watch when this financial deboggle occurred. That was then, this is now! We now have to pray . . . a lot! Come on Political Parties – for once forget your partisianship and think about your children"s future. We will not be here to help nd protect them when the are in charge. It is no longer about you. It is no longer about me! Let's merge our ideas America, the beautiful. We need to merge now on the Stimulus package!

    January 28, 2009 at 10:21 pm |
  8. Alexandra Clark " Alex "

    Dear Anderson....Please discuss...Why can't the All American citizens get a Direct Cash Bail-out ...of say $100,000 each. This would Total to less than 1/2 a Billion Dollars ! We will revive the economy immediately, from the bottom-up. Not all of Us can do those infrastructure and construction jobs; and we are Heads of Houiseholds and need a Bail-Out ! Not all of us need help with morgages we couldn't afford in the first place.
    Why can't the lawmakers
    "get Real " and include all of us in the Bail-outs ? Please have your geniuses discuss this !!! Thank You so much, Alex

    January 28, 2009 at 10:21 pm |
  9. Deniel

    The best stimulus package that we americans can get is: inport a lot less of the goods we need and manufacture them here in the USA.... imagine all the jobs that will create...

    January 28, 2009 at 10:21 pm |
  10. Anna

    I think that President Obama has done what a President has not done in a long time. Thinking of the "little People".
    I think that the Stimulus bill will work because it will go for what it is intended to, instead of pockets.
    Look at what happen with the bailout? Come on I would like to remodel my house for a 2.1 million dollars. Just because I don't like the way it looks. The republican party needs to wake up and start thinking of the "little people"

    January 28, 2009 at 10:21 pm |
  11. Michelle , fonthill ontario canada

    The brideges aren't safe that's great they had one tragic collapse and they can't fix them i be so afraid to travel on them .

    January 28, 2009 at 10:21 pm |
  12. EJ (USA)

    Why do they have to throw a cocktail party in order to do their jobs?

    All Presidents hold parties and gatherings (That's why the Obamas could not get into the Blair House when they wanted).

    It's just mentioned more because Obama is 1) new and 2) so popular that the whole world would want a chance to be at a cocktail party with him and Michelle.

    January 28, 2009 at 10:21 pm |
  13. Eileen

    The focus of Candy Crowley's story should not have been Barack Obama's failure at bi-partisanship, and the criticism the Republicans' have of the stimulus package, but on Republican stonewalling. The vote and the debate shows them bankrupt of ideas, other than tax cuts and spendiing cuts in the middle of an economic meltdown caused by their incompetent mismanagement.

    January 28, 2009 at 10:20 pm |
  14. Don C. Livers

    Stimulus means Stick it to us (That is The american tax payer)

    January 28, 2009 at 10:20 pm |
  15. joy

    all of the outrageous bills the republicans passed while Bush was in office and they have the audacity to all vote no I believe the republicans are anti american for voting no and they are just being childish they have gotten enough breaks over the past 8 years and it is now time for them to give the rest of america a break. they need to realize there reign has come to and end and there will be no more of their greed that has gotten us into this economic mess.

    January 28, 2009 at 10:20 pm |
  16. Eric from BC Canada

    It appears that President Obama is doing everything humanly possible to gather consensus and get the package right. I don't believe anyone, Economists included, know what will restore the faith needed to get everything moving again but does anyone have a better idea than the one the President is working on. It appears in Canada the government is following his model....

    January 28, 2009 at 10:20 pm |
  17. Will Shaughnessy

    Hi Anderson,
    If I may draw an analogy: When I was living in italy, I drank 1 expresso every am.and rode my bike to work, might I say very quickly/ Here in the USA we have a large Coffee in the am,drive long hauls in mega traffic and by afternoon we're half asleep. Obama's stimulus package is the Expresso,less coffee, more energy!

    January 28, 2009 at 10:20 pm |
  18. Leanne

    It’s beyond me why the Republicans would totally reject and object to this stimulus bill? Why not object/reject the specific items that absolutely do not make any sense and push through the items that DO MAKE SENSE? This Country is haemorrhaging each day this bill isn’t passed. Why aren’t the Republicans putting forth a proposal instead of knocking down every attempt this President is making to control the bleeding in this Country? Are the Republicans so out of touch that they really don’t care what’s happening to the Country?

    January 28, 2009 at 10:20 pm |
  19. Jason

    I applaud the Republicans for standing for their beliefs and voting against the stimulus. I believe we lost because Obama is a great communicator and very intelligent but republicans did not have a true and strong conservative. Hopefully that tide will change, hopefully the stimulus vote will be the first step to conservatism because it is our core belief.

    January 28, 2009 at 10:20 pm |
  20. Clarence Albuquerque

    Possibly coming out of the recession next year...if the american public starts to spend their money, and ceo's don't squander their resources... or their client's resources.

    January 28, 2009 at 10:20 pm |
  21. Sandra Rutkowski

    Hope the Senate reps and most of the senate Dems vote no. Too much waste in this.

    January 28, 2009 at 10:20 pm |
  22. Esma

    With Obama's plan passing, when are economists predicting the end of this blasted recession?

    January 28, 2009 at 10:20 pm |
  23. Naissa, Deep in the HEART of Texas

    LOL. Prowling for porn? That's a new one!

    January 28, 2009 at 10:20 pm |
  24. Joseph Andrews

    Government and military contracts should all demand and require that it be filled by American companies and American workers.

    That alone would help the jobless problems.

    January 28, 2009 at 10:20 pm |
  25. bobbie

    Is anyone thinkig that just maybe helping hard working Americans afford a home is going to keep our country rich?? No mention of the housing market, and let me tell you I can't even refinance because my value is dropping quickly...

    January 28, 2009 at 10:19 pm |
  26. Sadie

    With all of the bank bailouts, they keep helping themselves. My CitiBank credit card went from 9% to 24.99% interest; my WAMU went from 9% to 27.99%; WAMU also cut my access to my Home Line of Credit and I owed less than 1/3 of approved amt. Where does any of the bailout help people like me?

    January 28, 2009 at 10:19 pm |
  27. Robert D'Anis

    NO on TARP2. We the people know better than the gov what to do with our money. This whole CARP stuff goes against all economic and capitalistic theory.

    Basic Economic Theory: If a big tree falls, the mulch it creates spawns several small rubust trees and inproves the health of the forest.

    If a big bank fails...

    I want to wrap my hands around the neck of the person that said "to big to fail":!!!

    January 28, 2009 at 10:19 pm |
  28. Aelis

    I love how the republican party can say with straight faces that the Obama stimulus plan is so horrible and insinuate that it might further deepen our national debt. The truth is, our national debt is how it currently is because of the Bush Administration. Where where all the outspoken Republican's then? Especially when Bush announced the first Stimulus plan last tax year? Or when gas prices where so high that it created a devastating domino effect on all industries. I think that our current President has just started and he needs to be given a chance to live up to his promises. I think he is just that kind of guy. I mean what more do we have to loose after the past 8 years? It is not about what is being spent, but moreover the administration of the spending and the programs it is going into. I think its GOOD that the education budget is being double. And that people can afford to buy gas now. We should all focus on where we want to go and how to get there. All of the jobs that were lost last 2 terms aren't going to come back over night. ALL of our problems can't be fixed over night. Let's just be real for once?

    January 28, 2009 at 10:19 pm |
  29. CaseyJ - Palm Springs, CA

    "Why do they have to throw a cocktail party in order to do their jobs?"

    Jo Ann, to numb the pain.

    January 28, 2009 at 10:19 pm |
  30. leslie in georgia

    Hey everybody:

    Lets do something that we haven't done before! Help the American People!

    January 28, 2009 at 10:19 pm |
  31. Mike Bolton

    Am a steadfast Obama supporter. Stimulus plan s/b for stimulating the economy only. I believe in many extras–NEA, etc. But they should be part of a separate bill. To enhance USA quality of living (as a civilized nation). Arts/education are critical to our culture–but won't necessarily stimulate our economy.

    January 28, 2009 at 10:19 pm |
  32. Eriq

    Is the GOP STUCK ON STUPID, how could they not voteon this deal. A job is a job, fixing the mall in D.C. .extending heathcare for those that are not employed.

    January 28, 2009 at 10:19 pm |
  33. fred

    I am a republican who voted for President Obama, I thought he would change Washington, With all this pork the Dems have in this bill I feel I made a big mistake.We need jobs not money going to the arts.Obama is not for the working class,He and Pelosi are only for the far left wing give me money party.

    January 28, 2009 at 10:19 pm |
  34. Cammie

    Please, stop calling him OBAMA, his is our President and deserves to be called President or at least Mr. but stop your disrespect. I think Erica called him Obama a half dozen times at least. Of late, all of the Republican strategist, pundits, etc. have taken to calling him Obama, not President.

    January 28, 2009 at 10:19 pm |
  35. Karen

    I support President Obama's stimulus package. I believe that he did his homework and that he is doing all that he can to make the package as reasonable as possible. My greatest hope is that the President will be able to keep a handle on where this money is going. By the way, shame on the hypocrisy of the Republican party for demanding that President Obama conduct business in a manner that they refused to. And why is it so hard for smart people to understand that spending money on social programs are also capable of stimulating the economy. At least President Obama is willing to listen and seeks feedback.

    January 28, 2009 at 10:19 pm |
  36. Michelle , fonthill ontario canada

    I want to put my money under my matress ! please i hope they don't borrow money from china they make every thing but we don;t need thier money

    January 28, 2009 at 10:19 pm |
  37. Dennis, Orlando, FL

    I am a huge Obama supporter but I'm nervous about this so-called stimulus bill and whether it will work or not. I'm concerned about all of the other spending in the bill. I don't think that more taxcuts is a bad idea at all. Put more money in my pocket and I can pay off my bills faster and save more for my daughters college fund. I can also put away more for a rainy day. I don't see anything wrong with putting money into Education but some of the other programs it's going to is a little troubling. I do like Obama's approach to Republicans though. He is TRULY tryin' to get bipartisianship to become a reality in Washington. Nancy Pelosi and Harry Reid are the two that scare me.

    January 28, 2009 at 10:19 pm |
  38. Susan

    How many congressional leaders have a masters in business?

    January 28, 2009 at 10:19 pm |
  39. tina

    Anderson,i am really pissed right now,the republicans had 8 years to implement their agenda and failed.
    why should we believe them now and ps i am a southern republican.

    January 28, 2009 at 10:19 pm |
  40. TomB

    As is this is a horrible tax package. There is too much 'pork' without real meat. Let's see more value-added projects and small business stimulus.

    January 28, 2009 at 10:19 pm |
  41. John, Iowa City,IA

    We need to stop seeing this stimulus plan as a "job creator"...this package includes several projects that will improve our country in areas that have been in dire need for the past 2 decades! This country will only grow through innovation and improvements in infrastructure,education,and energy.....this will gradually lead to jobs.

    January 28, 2009 at 10:19 pm |
  42. Martina Ilstad Germany

    Hey Anderson
    President Obama promissed change,and now he do it.Verry truthful.
    Anderson have a nice night!

    January 28, 2009 at 10:19 pm |
  43. John C

    Give the man a chance to breathe!! Support him and you may be surprised. God Bless America and our President Obama.

    January 28, 2009 at 10:19 pm |
  44. Dave Cumming

    Tax cuts are just nickels and dimes to taxpayers. Taxcuts to companies and banks may not be spent in America. The money would be better spent buying the mortgages of those people who were sold homes that they couldn't pay for down the road. They could be refinanced into long term mortgages that they could make the payments on.

    January 28, 2009 at 10:19 pm |
  45. Jo Ann, North Royalton, Ohio

    Anderson, All this stuff may stimulate the economy, but it is a temporary fix, a band aid approach. It will not keep the economy afloat for long. What is this stimulus package going to do in the long run?

    January 28, 2009 at 10:19 pm |
  46. jarrod

    I think their ought to be an investegation of the previous bailout money the politicians that passed it , and their investments and see why and where their money is invested today and find out where our money is and take it back!!!!!!!!!!!!!!!!!!!

    January 28, 2009 at 10:19 pm |
  47. Kevin

    Unfortunately for the currently republicans, in the view of most Americans, they are the ones responsible for this mess, and under their leadership mishandled the 1st 350 billion of TARP. So what makes the republicans feel that the American public should listen to their solution. The public spoke in the election of Barack Obama. Maybe the remaining republicans should listen to that voice.

    Newly unemployed people are real living flesh. Not just numbers on a job cuts report.

    January 28, 2009 at 10:19 pm |
  48. Thomas

    Well it looks like bi-partianship went out the window.the republicans dont really want to work with the Democrats and like Rush limbaugh says, "they want to see him fail"!

    January 28, 2009 at 10:19 pm |
  49. Debbie

    It would be astounding to me if this stimulus package actually hit the streets and funnels itself to the people and businesses that need it! I expect it will meander it's way thru out the "country club" we know as our government.

    January 28, 2009 at 10:18 pm |
  50. LisaN Barnwell, SC

    I'm so disgusted I'm not sure what to say first. I live in a small town with an unemployment rate of 15% and rising because 2 more plants have shut down (1 moving out of the country). I manage a small property were a third of my residents are losing jobs, are unable to pay their bills, and will lose their home. Then the government is handing out money to projects that will never help the people living in my city, county or state. How can this happen!

    January 28, 2009 at 10:18 pm |
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