January 29th, 2009
09:45 PM ET

Live Blog from the Anchor Desk 1/29/09

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Filed under: Live Blog • T1
soundoff (642 Responses)
  1. Chris

    There is some pork in the bill, but overall it will help our country get back on it's feet. It's a shame the republicans only know 2 words..."Tax cuts".

    January 29, 2009 at 10:15 pm |
  2. Kim CL Illinois

    Seriously! Obama, I'm in your corner, but how can you say 'shame on you' to the Wall Street corporate big wigs for bonuses if you are spending wildly on the stimulus package. There is too much fluff that has NOTHING to do with the economy. I don't get all the unwise spending?

    January 29, 2009 at 10:15 pm |
  3. Jerry

    Is all this bailout money really going to save Wall Street and the Banks? Why not let the bigs guys fail, Seems the Small Banks would be the one to prosper. Is this just a failed deal?

    January 29, 2009 at 10:15 pm |
  4. Stephen

    I do believe the Stimulus Package will work. It worked for my wife and I last time as we used our entire $1500 towards a down payment for our first home. We would again use the money and stimulate the ecomony.

    January 29, 2009 at 10:15 pm |
  5. Michelle D. Fonthill,Ont

    Good Evening Darlene form Canada! Yeah Nice to have fellow Canuck on board tonight

    January 29, 2009 at 10:15 pm |
  6. Abby

    The names of the companies, CEOs and bonus recipients should be broadcast on every news station across the country. They should be hanged, shamed, and pay for their greed. Anderson, can you please do a special to embarrass them? Thanks 🙂

    January 29, 2009 at 10:15 pm |
  7. Rikki, Fargo, ND

    Dana found bipartisanship? That's amazing!

    January 29, 2009 at 10:15 pm |
  8. CaseyJ - Palm Springs, CA

    @David Gergen...IF these CEOs were truly "smart," we wouldn't be in this mess, would we? I'm convinced that personal PR and relationship marketing has more to do with CEOs getting their jobs than any skill set they may have.

    January 29, 2009 at 10:15 pm |
  9. Janine from PA.

    I hope the governor is really guilty, otherwise to throw someone out of office who has not been put on trial yet, and not yet found guilty and may later be found innocent is not a good thing to have done.

    January 29, 2009 at 10:15 pm |
  10. Adebiyi, Raleigh NC

    These politicians don't get it, the best way to move money is to put it back in tax payer's hands. I am sure they can refund every tax payer at least 2000 dollars if they can give billions to projects that will not do much for the economy right now.

    January 29, 2009 at 10:15 pm |
  11. Maureen T

    Bonuses! Let's not forget the unemployment rate at this time. More jobs lost daily! Greed is a terrible thing!

    January 29, 2009 at 10:15 pm |
  12. Pat Bass

    Whats the difference between Senators who pile pork on a "Economic Stimulus" package and CEOs of failed companys who give billions in bonus money for superior job performance? Nothing.

    January 29, 2009 at 10:15 pm |
  13. Robyn

    I understand that some items in this plan like the Arts money is to preserve jobs, but so much of it is so little about jobs.

    January 29, 2009 at 10:15 pm |
  14. Rekha AC

    HI Anderson,

    The wall street bankers definitely don't need million dollar bonuses. Its simply outrageous.

    January 29, 2009 at 10:15 pm |
  15. kristen

    Feeling a bit pensive…was wondering, can changes be made to the stimulus package after the Senate approves its version? Or is the Senate the final chance to make changes? The country needs the money now, understandably, but there’s so many billions being tossed around like candy on Halloween. Sugar crashes are no fun…neither will paying off this 918 billion dollar stimulus package. How do we balance this dichotomy?

    January 29, 2009 at 10:15 pm |
  16. BOsmells

    this stimulus package is a BIG LIBERAL spending bill, nothing else,

    thank god theres some sense coming back to the republicans

    January 29, 2009 at 10:15 pm |
  17. irene miscione

    Anderson: I support this bill. Granted it is not perfect. However, it is a start. It is very sad to watch the Republicans do their best to jeopardize it. I have a question for them, however. Why should Americans believe their way is the best way, when for eight years we have had a Republican administration, who supported by their Republican members of Congress, led us to this place. Its time for them to step up and do what is right for the country – not for their own political gain. All Americans should contact their congressmen and tell them to support the bill.

    January 29, 2009 at 10:15 pm |
  18. Sharon

    What I don't understand is Who is coming up with these stupid Bills?

    Some child in 5th grade can come up with a better solution to our problems so to me this is a very sad day!

    I really Have NO respect for Congress or our Government anymore!

    January 29, 2009 at 10:15 pm |
  19. raymond

    All the money that the republicans is only about 10-12 billion out of 819 billion. The money needs to be spent.

    January 29, 2009 at 10:14 pm |
  20. Jim

    I've been watching with extreme fascination as President Obama has been doing a lot of things I've been wanting to see for years. His crackdown on the "Big Wigs" on wall street sent me jumping out of my chair. Billions of dollars in bonuses when their companies are failing is absolutely ridiculous.

    On the stimulus bill I see it as a modernized and less publicized attempt at a "New Deal". The money that is being spent to have all these things done is going to require that someone to do it and by doing so, create more jobs for people.

    January 29, 2009 at 10:14 pm |
  21. Rikki, Fargo, ND

    You would think that wouldn't you, Anderson? Where are the PR people in all this? I just don't get it! Why the execs would think that America would just be ok with this is beyond me!

    January 29, 2009 at 10:14 pm |
  22. Renee

    David finally has some better lighting! Thanks CNN.

    January 29, 2009 at 10:14 pm |
  23. Jo Ann, North Royalton, Ohio

    David Gergen, How do those CEO's justify those bonuses and pay raises?

    January 29, 2009 at 10:14 pm |
  24. Jarrett

    What I see in the new financial stimulus package coming from the president actually holds some hope for helping not only get us back to a normal standing financially speaking, but also help to update America to remain on par with the rest of the Modern world.

    January 29, 2009 at 10:14 pm |
  25. Jim H

    This is not a stimulus bill, this is a huge pork barrel. President Obama should be ashamed. He is acting like a kid in a candy store, but with our money.

    January 29, 2009 at 10:14 pm |
  26. Belinda

    Who needs movies when we have Blago, Wall Street exec and Congress.

    The CEOs need to have the bonuses returned!

    January 29, 2009 at 10:14 pm |
  27. Kris

    Good for O! Those guys knew their goose was gettin' cooked on Jan. 20th so they stole the money, before the hammer fell. What goes around comes around. Get em Anderson.

    January 29, 2009 at 10:14 pm |
  28. Carlo

    Adding up all of the "questionable" items, it looks like $12BIL, at most...Yes, $12BIL is a real $$, but it's one-tenth of the "pork" ADDED on to TARP I. Some of these are "debatable" rather than outlandish (Amtrak, Fed weatherizing creates jobs AND helps long-term). The "bottom line"? Less than 1.5% of the total bill is waste. That would be a marked improvement.

    January 29, 2009 at 10:14 pm |
  29. Chris

    I think the fact that NO Republicans voted for this economic package shows that they are trying to make a statement to the new admin. Being a Repub myself, I was very disappointed by this vote and feel that they are still not getting that we (the country) want CHANGE.

    January 29, 2009 at 10:14 pm |
  30. Jane

    on the other hand, more than half of these bonuses were withheld for taxes. I thought I read somewhere that Gov Peterson said the one decision made for CEOs to forgo bonuses cost NYC tons of money and put a big hole it its deficit

    January 29, 2009 at 10:14 pm |
  31. Karen

    The items in the stimulus package actually make a lot of sense. I think the modernizing of federal buildings includes "greening" of the facilities. When it comes to the environment, it is time to put our money where our mouth is.

    January 29, 2009 at 10:14 pm |
  32. Jeyandini

    um...question...who would go ahead and get that jet now..? like, the economy is under a microscope, did you think you wouldnt get caught...?

    January 29, 2009 at 10:14 pm |
  33. Mike, Syracuse NY

    @Kathy, Obama DID promise a bill with no pork. Maybe he should back that promise up with a veto threat if the bill doesn't remove the pork. Of course, that would take real courage to go agains his party. Let's see if he can walk the walk.

    January 29, 2009 at 10:14 pm |
  34. Andrew

    What jobs are coming of this stimulus? Just spending money does not help put people to work. Without sustained money flow, people cannot be paid; therefore, no jobs will be

    January 29, 2009 at 10:14 pm |
  35. Naissa, Deep in the HEART of Texas

    Hi David Gergen! You're awesome. Be my teacher!

    January 29, 2009 at 10:14 pm |
  36. Kathy, Chicago

    I really don't think that this package will work. It seems like an extension of GWB. The only thing that has changed is that Obama's pals will profit instead of Bush's. Same politics, different party.

    January 29, 2009 at 10:14 pm |
  37. Gary Chandler in Canada

    How can ANYbody hold money spent on schools, education, and safe sex as POOR use of those funds????
    CNN recently reported that 1,000,000 teen girl have clamidia and 25% have some form of an STD.
    They should get together and file class action suit!

    January 29, 2009 at 10:14 pm |
  38. D.H. Ruthenberg

    Okay, so I'm an artist, like many other artists, who will benefit from the 50 million for the national endowment for the arts. That means I get to create my work, continue to exhibit and derive an income. So what's the problem?

    January 29, 2009 at 10:14 pm |
  39. dan

    WOW, give the pres his props for the wall street bonus comments, but it appears to be the same politics with the stimilus package.

    January 29, 2009 at 10:13 pm |
  40. Jen

    The stimulus package is worth about $750 billion. The programs the Republicans are pointing to are only a small fraction of those. Why not explore the rest of the package and put them in context?

    Why not explore the issue of how many jobs will be involved in those criticized programs? Don't people have to be hired to do the teaching about STDs? Don't workers have to repair the federal buildings?

    January 29, 2009 at 10:13 pm |
  41. Cory

    With Wall Street and the banks so greedy and holding onto the bailout money why does the Federal govt not just set up it's own bank and start lending making interest for the tax payer. Let the greedy banks fall if they can not stop this big bonus problem and holding of the bailout $$.

    January 29, 2009 at 10:13 pm |
  42. Lissa in Houston

    Everything he just listed on the magic board is something that IS a job! Who is going to work on these govt buildings and teach the sex ed class? Robots? All of these things have to be done by people, accounted for by people, distributed by people. Those ARE jobs. And if you notice, the list of agencies and areas that are getting funds covers almost every aspect of our lives. Thats GOOD! Thats better than just sending the money to the banks. They seem to have just kept it.

    January 29, 2009 at 10:13 pm |
  43. CaseyJ - Palm Springs, CA

    Tracey – Boston, in all fairness, how much were the council people making? Ours were making less than $25,000/yr up until just a few years ago (the positions were considered p/t but weren't actually), so they were highly underpaid for their committment, while the union emplyees were (are) marking exhorbitant salaries.

    January 29, 2009 at 10:13 pm |
  44. Jolene, St. Joseph, MI

    Hello bloggers! I think it's time for a Wallstreet Czar to be named! Too much abuse of the bailout money. If I recall, even the CEO's of the Big 3 agreed to no bonuses....

    January 29, 2009 at 10:13 pm |
  45. Dr. LOU

    I am commenting on the 825B presidential eco-stim budget package.
    I believe the unseen/known reason the congress/presidential cabinet keep losing this war is... they won't listen to the little people! I thought it was a government for the people? I may be proven wrong... by our government!

    January 29, 2009 at 10:13 pm |
  46. Ken in NC

    PORK, PORK, and more PORK. I thought this was supposed to be to help fix the problem that caused all of this mess. The housing problem is still here and it seems everyone is grabbing a hand full of the money and none of it is making it down to the people about to lose their homes. Yes we need work and we need home help but it appears to me that members of Congress are still thinking only about themselves. This is a time when they should be thinking about THE COUNTRY first. All they are doing is concentrating on what they can get for their districts. It all sucks.

    January 29, 2009 at 10:13 pm |
  47. Kimberly, Portland

    I'm a little confused, the gentleman who just showed where all the money was going in the stimulus made it sound as though money for the arts or for amtrak or to modernize federal buildings wasn't going to create jobs... um, all of those things require people working to make things happen, so they will create jobs. So, I don't get where he seems to think those are bad things? Even STD counseling will require teachers, classroom setups, extra educators, etc.

    January 29, 2009 at 10:13 pm |
  48. jarrod

    If wall street can lose a trillion dollars in one day and make trillion another then why can't they funnel some into this bailout since they are a big part of the problem

    January 29, 2009 at 10:13 pm |
  49. Brett May

    The goverment MUST bring back manufacturing to the US and they refuse to talk about it--that is sad

    January 29, 2009 at 10:13 pm |
  50. Michelle D. Fonthill,Ont

    No more Blagojevich he's miliking it for all he's worth which is nothing more than a plugged nickel i'm so tired of seeing him wine -wnat some cheese with that.

    January 29, 2009 at 10:13 pm |
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