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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. Wendy Hall

    If I am understanding this correctly, the whole problem with the economy is that the banks won't lend money. So my question is this, if the American people can "bail out" or lend the banks money believing they would inturn lend it out fueling the economy and they don't, can we change the terms of the agreement. Every consumer with a creditcard has gotten one of those notices that the bank is changing their policies/terms/conditions etc. I believe the federal government should send the bank CEO's a small envelop with a change of terms for their bailout money....you have 5 months to lend out atleast 50% of the funds or the American government will impose a $39,000,000 per day penalty, and if left unpaid, they American government will take over the bank like a repossession. They'll either give back the money or start lending, it would be the only two options

    January 28, 2009 at 10:24 pm |
  2. Clarence Albuquerque

    Tax cuts don't seem to have any more effect than trying to put some money back in the average joe's pocket. But the money the cuts give back would seem to cut back the backbone of the government.

    January 28, 2009 at 10:24 pm |
  3. Karen

    Hi Anderson, and Erica! Hope you are having a good day! 🙂

    I just wanted to say, I don't know that I agree with the stimulus package. It seems like an awful lot of money to spend on things that may or may not help the economy. I would think it'd make more sense to focus on things that could actually help right now. Maybe something to do with the housing crisis, help for those people. Or more money going to American's right now. I think healthcare, education, infastructure and etc are all important things that need addressed. But I'm not sure now is the time.

    Personally, I graduated from college in May of 07, had a job, lost it, and am struggiling to get by right now. My unemployment is running out, my loans are due. It sucks! I wish this stimulus plan was going to help people like me, and those worse off than me, asap.

    Anyway, thats my two cents. lol I love watching you guys! Keep up the great work! 🙂

    January 28, 2009 at 10:24 pm |
  4. Kassie Wright

    Sharon said: "Well just let me say I seriously doubt the people who REALLY need the stimulus will see any part of it at this point all I see is our money going down a very long drain and I see no end to it!"

    I am a little worried at this, but I completely agree with you. Though I agree with the stimulus package, I worry that it's a little too specific jobwise.

    January 28, 2009 at 10:24 pm |
  5. Jim M

    Anderson,

    Like a good stew, give the Stimulus Package debate in Congress a little more time to develop. With 177 Republicans voting against the present plan in the House, doesn't it make more sense for the President to seek needed compromise with the substantially smaller amount of Republican Senators?
    You, yourself do not conduct your reviews with generally more than 3 correspondents. Want to try it with four times that quantity and see how your nightly review develops.

    January 28, 2009 at 10:24 pm |
  6. jimmy

    Laying grass at the national mall will get people working for maximum of five days. It's not a full time job.

    January 28, 2009 at 10:24 pm |
  7. Rob

    For the first time in a long time I am proud to be a Republican. The House Republicans finally show they have a backbone and stand up to the idiocy that the Feds can borrow/spend their way into prosperity. Let's see if the Senate has any common sense as well and calls this this silliness for what it is.

    January 28, 2009 at 10:24 pm |
  8. Mack Burwell JC. NJ.

    Anderson,

    Republicans only care about the Big Bankers who take tax payers money and buy a 35000 Toilet or spend thousands of dollars on a Rug or the one's who take Tax payers money and buy Internet Sex .

    They don't care about the little people llike the one who this bill may help.

    Ask the Republicans are their families effected by the current Economic crisis. I DON'T THINK SO.

    PEOPLE ARE COMMITING SUICIDE, WE NEED HELP!!!

    ASK THE REPUBLICANS CAN THEY PASS A $10,000,00 BAIL OUT PLAN FOR ME AND MY FAMILY????? WE DON'T NEED 800 BILLION

    I HAVE NO JOB NO FOOD AND GET UNMEPLOYMENT OR PAY RENT CAN WE GET A BAIL OUT???????

    January 28, 2009 at 10:24 pm |
  9. Michelle , fonthill ontario canada

    The srufing porn at work how can employees get away with this ? It should have a firewall procetion against that on each computer or they should monitor the workers .

    January 28, 2009 at 10:24 pm |
  10. Vig

    Obama is someone who needs admiration and adulation. Combine this with his grandiosity and superficiality and what you have is a gestural Presidency. Let's have a beer together and celebrate "my win" – let's get Arab TV on the tube and make nice – as Hillary said during the primaries, "where's the beef"? Answer, there isn't any.

    January 28, 2009 at 10:24 pm |
  11. CaseyJ - Palm Springs, CA

    The primary difference between the $700 billion bailout and this one is that the Republicans took credit for the last one and the Democrats are taking credit for this one. This is just more "politics as usual."

    January 28, 2009 at 10:24 pm |
  12. Ralph Bateman

    Why are we talking about this bill...

    The problem is twofold.

    1. We have too much debt. People are so heavily in debt that they have little if any spare monies available to buy a new car, washing machine, and in many cases even enough food, etc.

    2. At least 90% of homeowners do not have enough savings to last more than 3 – 4 months once they loose their job. (If this rise in unemployment continues, no matter how long unemployment benefit terms are increased, foreclosures will get even worse)

    Solution.
    1. Offer Government refinancing for ALL primary home owners who have not entered foreclosure, regardless of credit score, at a refinance rate of 3%. (Imagine how much spare cash that would generate)
    2. Develop rules and regulations to avoid this happening again.

    January 28, 2009 at 10:24 pm |
  13. jim t

    why is the president trying to work with the republicans when there nothing but a bunch of theives in suits

    January 28, 2009 at 10:24 pm |
  14. Trent

    Just an independent who wanted change. I believed President Obama would not sell us out to the pork spenders in this economic times. It's obvious we didn't get it. The waste and political payoffs in this bill will not put myself or others back to work. Math doesn't work. $275.000 per job, over $20,000 for every man, woman and child in America.

    January 28, 2009 at 10:24 pm |
  15. Charles A. Bowsher

    I think the Repub. are in for a rude Awakening. What was offered today was the best they could have ever gotten. There is a new and powerful paradigm at work right now and it is our time. I think we are closer to achieving America's true promise than ever before in our history. And, I am thankful, very thankful, I did not expect to live to see this day. charles

    January 28, 2009 at 10:23 pm |
  16. EJ (USA)

    PS. I love that David Gergen always brings up the comments on the blog!

    That's because he values what we think!

    January 28, 2009 at 10:23 pm |
  17. Megan Dresslar - Shoreline, WA

    PS. I love that David Gergen always brings up the comments on the blog!

    Rikki in N.D.
    I agree!!!!!! me too!!! I love to read David G.'s comment his blog!

    January 28, 2009 at 10:23 pm |
  18. Vern Kellie; Denver, CO

    Mr. Cooper: Too much spending for sure, and tax cuts need serious review; but how was this "magical" $819B figure decided on in the first place? Could someone please explain that - thank you.

    January 28, 2009 at 10:23 pm |
  19. David, Indiana

    Paul Begala did you really say that there are only five state where republicans are in the majority? or only five republican states?

    I think what works here is if the President and Congress get down and start talking and dealing substantively. I haven't read the bill, but a few of the provisions that have been reported on, grass for the National Mall, funds for the National Endowment for the Arts, Millions to study climate change and for smoking cessation could be cut from the bill. Good programs, but Obama can compromise here.

    January 28, 2009 at 10:23 pm |
  20. Marium, New Jersey

    I agree with what David Gergen said that maybe some parts of the bill should be put in a different bill or plan and keep the focus of this stimulus on creating jobs and revamping the economy. If you have too many objectives at once, you can get lost in it all very easily.

    January 28, 2009 at 10:23 pm |
  21. Steve Curtis

    why is no one talking about fixing ALL the loans first? It creates bank liquidity, gives the homeowner some confidence in the future and the sense that someone in Washington cares, helps end the toxic loans bogging down Wall Street. The money we are already spending will solve the entire mess.

    January 28, 2009 at 10:23 pm |
  22. Ray - VA

    Its good that the stimulus was passed, hopefully it can help alot of those who unfortunately don't have a job right now. Businesses and people all around are relying on this federal aid, and they must understand that this cannot go to waste like it did the last time under the Bush administration

    January 28, 2009 at 10:23 pm |
  23. Toby Elder

    I want to comment on the constant reporting about the CEOs and other executives of these companies we're bailing out. There getting caught spending large amounts of money,still, and receiving a bonus package. This is a crime and they should foot some of the cost of rebuilding this economy out of their greedy pockets! thanks toby

    January 28, 2009 at 10:23 pm |
  24. Gayle

    all the talk about furture generations. Let take care of the children now or there won't be another chance to Do something for the people now .

    January 28, 2009 at 10:23 pm |
  25. Isabel, RJ, Brazil

    I really am afraid of both optimism!
    I hope my fear is in vain. And the stimulus package is a success.

    January 28, 2009 at 10:23 pm |
  26. Craig Palmer

    The Democrats don't need the Republicans to pass the stimulus bill so why do you continue to focus on Republicans? If President Obama is right and the Democrats have the correct plan, then the Democrats should have the courage to stand alone.

    January 28, 2009 at 10:23 pm |
  27. leah

    Thank you Anderson for correcting Amy Holmes...too many "pundits" never question people when they repeat points which have been proven to be false.

    January 28, 2009 at 10:23 pm |
  28. Tim

    In an effort to keep things short as requested – the stimulus plan is a joke!

    January 28, 2009 at 10:22 pm |
  29. mike

    The stimulus plan, as being reported, is mostly about the federal government prescribing how money should be spent. This is how it is when you control the purestrrings. I would like to see tax incentives for individuals to purchase fuel effecient cars, purchase energy effecient appliances, and get mproved tax credits (incresae limits for deductibility) for savings in personal IRA.s.

    January 28, 2009 at 10:22 pm |
  30. Pati Mc

    Anderson, I could tell you all about the infastructure failure here in PA.

    My Dad retired from PennDOT and he worked for the bureau that built roads in the state.

    The past 4 or 5 governors we have had here refused to allocate any money to fixing the roads and bridges. We have had bridges collapse and many have been condemned. My Dad retired in 1985 and this was going on way before that.

    Think our infastructure is in trouble? You are darned right it is. It is ridiculous; not to mention dangerous. Multipy this by 50 states. We are in trouble.

    January 28, 2009 at 10:22 pm |
  31. Kevin

    The Obama administration will suffer if they handle their half of TARP like the Bush administration handled theirs. The President needs to hold some feet to the fire on tracking the money.

    January 28, 2009 at 10:22 pm |
  32. Cindy

    Passing this bill.....what is the benefit to the American people? Really? Americans are losing jobs left and right and we are allocating our money for repairs at the Smithsonian! Americans are tired of paying for these crazy spending habits of BOTH parties. Give the money back to the people and let us spend it to boost the economy.

    January 28, 2009 at 10:22 pm |
  33. David W. Maryland

    Bravo Anderson! You and your producers are trying to break this PORKULUS bill down. I wish you had done this earlier in the week...it would have been a big help! PLEASE go deeper and tell the real truth!

    January 28, 2009 at 10:22 pm |
  34. Michelle Brown in Los Angeles - Love Obama

    Anderson,

    Out of all your guest, I think it says alot that the favorite is David Gergen. Sensible, bi-partisian, smart. I personally like him, and Donna.. Send all the hard core Republicans over to that Anti-Obama station, FOX

    January 28, 2009 at 10:22 pm |
  35. Darlene

    HiAndderson,

    Please lose the skepticism. Come on people some of us do not have the time for you to bigger and disagree with our livelihood. We earned the right for change.

    Darlene
    Richmond, VA

    January 28, 2009 at 10:22 pm |
  36. Gary Anderson

    With a disfunctional political system, It is hard to reach functional decisions. We do not have a two party system-we have two one party systems and therein lies the problem. Self serving represenatives can never truly serve the citizenry. We must represent ourselves.

    January 28, 2009 at 10:22 pm |
  37. Dre Fay

    Spoken by someone in need, where's mine?!?!? So there's nothing coming to me? I can assure you give me some of that money, that we get to pay for and we the people can stimulate the economy.

    January 28, 2009 at 10:22 pm |
  38. Howard Yale Lederman

    January 28, 2009

    Everyone:

    I strongly support President Obama's stimulus bill. I strongly believe that in turning the economy around, this stimulus package will be decisive. Spending money on extended unemployment benefits, food stamps, medicaid, and other benefits for people losing their jobs is economically essential and morally right. Spending money to help university and community college students stay in school and for head start for our long-term national strength is crucial. For both long-term and short-term, spending a massive amount of money on our roads and bridges, sewers and electric grid, and the like is good for our long-term economic progress and short-term unemployment picture. Finally, I applaud President Obama for doing something for middle class, poor, and unemployed people. The Bush regime only cared about the wealthy. So, in terms of attitude and substance, the stimulus plan is a huge step forward.

    Howard Lederman

    January 28, 2009 at 10:22 pm |
  39. Anna

    I think that buying cars for government employees is good idea. We need all of the rich people to buy cars for their employees just make sure those are American made cars then we would not have to bail them out. Confidence is not stopping me from buying things. I have a lot of confidence but the trouble is that I do not have money.

    January 28, 2009 at 10:22 pm |
  40. Chris B

    In 8 days, Obama has done more, and done more effectively, than Bush did in 8 years. He reached out to Republicans and watched them rebuff his very real efforts at compromise. Guess what: Americans saw it too. We'll remember who put us in this mess–we'll remember who was there to help us get out of it.

    January 28, 2009 at 10:22 pm |
  41. Mark

    So much for this President's "centrist" image he ran on – true colors show when it's budget time. This is the largest misappropriation of taxpayers dollars in American history. Not the people's president at all, but the big government poster child.

    January 28, 2009 at 10:22 pm |
  42. JP in California

    I implore the Obama administration to use EXTREME discretion in spending the stimulus money. I am a middle aged, lifelong democrat who is terrified that some of that stimulus is going to Democratic Pork. Please Washington Dems...prove me wrong.

    Janine in California

    January 28, 2009 at 10:22 pm |
  43. Patti

    David Gergen makes alot of sense and seems to really understand the situation. I think we need him helping make the important decisions that the congress can't or won't.

    January 28, 2009 at 10:22 pm |
  44. Mary

    Wow...everyone is anti republican...everyone is anti bipartisan unless they agree with the democrats. GW tried to put cash in our hand and it didn't work, so why throw even more at us and let the country go even deeper in debt...but at least we will find out why antarctica is melting.
    This is not a pride issue of anyone...just common sense.

    January 28, 2009 at 10:21 pm |
  45. Sharon

    Yeah what about part of this package going to making our country Green?

    I don't see any of that in the package, all I basically see is more for the welfare more money given out to worthless causes as Democrats always want!

    January 28, 2009 at 10:21 pm |
  46. Belinda

    It is funny to hear Republicans says that 6 years of spending did not work for them, so why should it work for the Democrats. Could it be because of what it was spent on?

    January 28, 2009 at 10:21 pm |
  47. Fred from Columbia, MO

    Why should we continue the same failed 'trickle-down" policies of the republicans that have caused the current train wreck in our economy. This is not an accident. The republicans have been in control and have gotten exactly what they wanted and stand for ... less regulation, lower taxes (particularly for business and the wealthy) and a pro-business agenda that ignores the envrionment and social considerations. They are the folks that drove the bus into the ditch.

    It's seems pretty simple to me. Demand drives supply ... supply does not drive demand. I cannot understand why the supply-siders cling to their failed philosophy. You can give business all the tax cuts in the world and they will not buy new equipment or hire new employees until demand increases.

    We need "bubble up" stimulus plans.

    The only thing I don't understand is why Obama's plan doesn't do anything to stimulate the housing market. We won't see a vibrant economy until housing is back on its feet.

    January 28, 2009 at 10:21 pm |
  48. Alex Azima

    Why is it that everyone worries about spending features of this bill, while no one questions spending hundreds of billions of dollars on the war in Iraq?

    January 28, 2009 at 10:21 pm |
  49. vanessa from silver spring, MD

    Geez Anderson, "Are You Safe When You Drive"? Thanks alot for making me more afraid of bridges then I already am. LOL

    Can't believe that Pres. Obama didn't get one single Rep. vote in the house today. Republicans just don't get it. I mean i'm a little skeptical about how the money is spent too, but something has to be done.

    January 28, 2009 at 10:21 pm |
  50. Linda

    Why doesn't the government give us some of the stimulus package to spend. We have purchased a home for $180,000. We needed to do some repairs, we're upside down on the mortgage but are still able to pay it each month. We need new windows, we need a new front door, it leaks cold and we needed to install a new bathroom because of leaks after we moved in. The list goes on and on. The local businesses could make out and so will we. Please give us some money Uncle Sam..

    January 28, 2009 at 10:21 pm |
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