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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. Isabel, RJ, Brazil

    Evening for everyone!
    Hi, Anderson, Erica, team AC360, and bloggers!

    January 29, 2009 at 10:18 pm |
  2. TheTruth

    Get rid the pork in the bill that has nothing to do with stimulating the economy. Make it simple and cut taxes so i have more in paycheck to spend on a weekly basis.

    January 29, 2009 at 10:18 pm |
  3. Maria

    Hi Anderson and Erica
    I don't see how improving Federal buildings will get the economy moving right now. We must find a way to have one voice to encourage Washington politicians to stop pushing their individual agendas!

    January 29, 2009 at 10:18 pm |
  4. Sam

    It's important to remember that CEOs of the big banks DID NOT get bonuses this year!
    If you want banks to recover they need to be able to keep top talent, these bonuses were paid out to employees that the banks want to keep for the long term.

    January 29, 2009 at 10:18 pm |
  5. Robyn

    The Republicans are not just playing politics. They have deep concerns about where this money is being spent. This isn't partisan politics. What about dems keeping Republicans out of the construction of this bill altogether? Where did the small business tax breaks go? I am a small business owner and I recall a lot of discussions during the election from both parties about helping small businesses. Where is the help in this plan?

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

    Why can't the government handle their money like a business? I use a Show Me the Money standard so for the stimulus package how about What is Cost of the job, How many jobs will this create, does it make sense by being a project we the people, not a select few actually can benefit from? Let's work from the ground up not the top down. Working class people need jobs!

    January 29, 2009 at 10:18 pm |
  7. Dwain

    What a surprise that greed and abuse is chasing so much money! These bailouts are being crafted by the same old corrupt partnership between lobbies and Congress. We haven't seen anything yet!

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

    Yes why are these financial institutions being held responsible?

    They should all be held to be condemed for anything they do and why is our Government NOT taking responsibility for their own actions?

    We as AMericans did speak and loudly we said NO to the first Bailout and yet they did what they chose to do!

    Now we see what the results are! So how does anyone in Congress expect any respect from us at all?

    January 29, 2009 at 10:18 pm |
  9. Arthur Yeager

    Clearly, opposing Republicans are on the wrong side of the tax cut vs. spending debate because tax cuts serve mostly to incentivise recipients to save and are primarily counter-stimulative.

    In contrast, when government spends, every single penny is infused directly into the economy. It makes little difference where or how the money distributed, jobs are saved and new ones created. As worker’s use salaries to consume, demand for goods and services is enhanced and the long climb out begins.

    To whatever extent the Republicans prevail, this stimulus gap is widened and the program becomes less effective.

    January 29, 2009 at 10:18 pm |
  10. Tim from nj

    Anderson, the banking system needs a remedy that this nation just received – new leadership! These executives are the same ones that drove the companies to the brink of collapse. The condition for tarp is that leadership needs to be evaluated and time for accountability. No bailout is going to help without this.

    January 29, 2009 at 10:18 pm |
  11. karin dicker

    If people aren't working whose going to get the tax breaks?? The rich of course. The republicans want to decimate the middle class and then all of us will have no health care, maybe die early, our kids will have to join the army because there are no other jobs. With republicans we will be a 3rd world country. All they have are old worn ideas that have hurt the country. Even Reagan had to backtrack and raise taxes, because of what he did to economy as did bush sr.

    January 29, 2009 at 10:18 pm |
  12. Mike

    When will people in the media ask the republicans this major question: Why didn't your tax cuts from 2000-2006 create the jobs that you republicans promised? It seems to me that the major corporations who benefited from the Bush tax cuts are the same Big Businesses that are laying off all the people.

    January 29, 2009 at 10:18 pm |
  13. maggie g

    I believe that thinking outside the box is a great way to address the economical problem. Try something different for a change.

    January 29, 2009 at 10:18 pm |
  14. Dennis

    Greed has alway been apart of our democratic society, but what makes this time different is the fact that very people are ashamed of what they do.

    January 29, 2009 at 10:18 pm |
  15. Tamara M. Maye

    Why are all of the GOP pointing what they call "pork" in this stimulus package. Let's go line by line of the Bush stimulus package. Yes, the one that if didn't the world was going to end!

    January 29, 2009 at 10:17 pm |
  16. sharice

    thats appalling, the stimulus package has nothing to do with creating jobs to help the economy. They didnt have any pork in the bail-out for the big banks, but when it comes to everyday people, why does Congress throw in so much pork?

    January 29, 2009 at 10:17 pm |
  17. claire-wichita, ks

    Question: Have we as Americans lost touch with the concept of shame.??? If I were one of these execs, I would be too ashamed to take a bonus or perk, because I did not do my job effectively...Or are they busy blaming someone else???

    January 29, 2009 at 10:17 pm |
  18. Michelle D. Fonthill,Ont

    Amen Amy!!Management is st helm of this crisis .The little guy is allways struggling to make ends meet they don't need bonuses.

    January 29, 2009 at 10:17 pm |
  19. Ron

    Considering the last bail out only helped people on wall street, or so it seemed. Why did the republicans not seem to want to help the democrats do something to help put money into the economy?

    January 29, 2009 at 10:17 pm |
  20. Lila

    Anderson, there is no reason for the executives to change. There are no meaty provisions for accountability attached to any of the taxpayer dollars they receive. Congress is also out of touch with America's crisis or they would include accountability measures when they hand the money out. The pigs have been at the trough so long they're drunk. And this stimulus package has gone so far afield from our real issues as to be totally meaningless. What are these people thinking?

    January 29, 2009 at 10:17 pm |
  21. Gino

    When our country collapses, I hope the media will be held accountable.
    The media destroyed our republic.

    January 29, 2009 at 10:17 pm |
  22. John, Tampa, FL

    The former President asked for $700 Billion with no plan, no transparancy and the Republicans gladly vote for it. We now have a President (Obama) who offers transpancy of the bailout, a plan and all Republicans oppose it. It's all politics!

    January 29, 2009 at 10:17 pm |
  23. Clarence Albuquerque

    I remember many within the public forum saying there should not be any bailouts for those on the verge of bankruptcy. The euphoria of bailouts seems so far gone.

    January 29, 2009 at 10:17 pm |
  24. Thom

    Talking about "Wall Street Banks" and their bonuses won't motivate the bankers not to take bonuses. It's too vague. Name the banks by name, and name those that didn't take bonuses, so consumers may decide where to put their money.

    January 29, 2009 at 10:17 pm |
  25. Ashwani

    Anderson...good coverage about the wall street bonus. If wall street says that their bonus are significantly lower than previous years...oh..so bad.......fire them!!...lets see what they feel without job.

    January 29, 2009 at 10:17 pm |
  26. Rev. Avon Bellamy

    The president has a right to be upset. Taxpayers are being stuck-up by these financial terrorists. They have created our economic demise, but are so entrenched in greed until it's their drug of choice. Make them give back 20 Billion of the money that has been given them.

    January 29, 2009 at 10:17 pm |
  27. Michael in NJ

    President Obama appears to be using a double standard – shaking his finger at wall street execs for throwing money around while wasting billions in the name of economic stimulus.

    January 29, 2009 at 10:17 pm |
  28. Janine from PA.

    Businesses have been living by the "Greed is Good" belief for a very long time, how can they change now?

    January 29, 2009 at 10:17 pm |
  29. Jennifer - Michigan

    Bonuses should only be paid when profits are pouring in!! What are they thinking?

    January 29, 2009 at 10:17 pm |
  30. Jane

    As big as this bonuses issue is, if it becomes the scapegoat, our economy is not going to turn around.
    Some of these banks were forced to take the money so as to keep lending, they might as well have sold more stakes to the sovereign weath funds.

    January 29, 2009 at 10:17 pm |
  31. Rebeca A. Todd Koenig

    Wall Street CEOs need to "feel the pain" they caused. I say make them pay back the $20,000,000,000 in taxpayers' money that they stole. If they want to get money, let them start lending and earning it!

    January 29, 2009 at 10:16 pm |
  32. Beth

    On the stim package – will someone explain that infrastructure is not just brick and mortar, it's also public health (i.e., tobacco cessation, lead abatement, STD education) – these initiatives not only create jobs, but also help others in the workforce to be healthier – increasing worker productivity and saving health care dollars!

    January 29, 2009 at 10:16 pm |
  33. Karen C

    Sorry, once you give them 350 BILLION dollars, they certainly *can be* told they have certain restrictions. Period. Otherwise, don't ask for money.

    January 29, 2009 at 10:16 pm |
  34. Nattada, Houston TX

    How big of the bonus will be enough for them?
    People is struggling just to get by these day.
    What are they thinking, really? 🙁

    January 29, 2009 at 10:16 pm |
  35. dan

    Would love to see the governemnt freeze all of the bank accounts for all of the execs and board memebers that oversaw these companies over the past 5 years and take back the money that is owed and use that as part of the bailout.

    January 29, 2009 at 10:16 pm |
  36. Esma

    It's ridiculous that we have to babysit Wall Street in the first place.

    January 29, 2009 at 10:16 pm |
  37. leah

    JoAnn: President Obama also called them on this during their meeting! That was reported on another media broadcast.

    January 29, 2009 at 10:16 pm |
  38. Vanessa, TX

    Wow Even Rep. siding w/ these ridiculous pay raises!

    January 29, 2009 at 10:16 pm |
  39. kim-chicago

    Why do smart people do dumb things?...greed...We are the dumb ones. We are the ones who paid their bonuses.

    January 29, 2009 at 10:16 pm |
  40. Paul

    Can't the congress make just one bill with out pork??????????????

    January 29, 2009 at 10:16 pm |
  41. Cory

    Why not have Saudi Arabia help pay the bill in Iraq. They want us there so they do not have to give up there life style. Where are their troops or construction $$ that could help with the infrastructure of Iraq.

    January 29, 2009 at 10:16 pm |
  42. Minou, New York City

    How can bettering the crumpling infrastructure be pork? It's vitally necessary and it creates jobs!

    January 29, 2009 at 10:16 pm |
  43. Patty from Pennsylvania

    The stimulus bill is simply a mechanism to force feed spending into the economy.It appears to me that the Democrats grabbed on to programs or projects that could achiueve tha quickly. I say..go for it!

    January 29, 2009 at 10:16 pm |
  44. Kim

    I am supportive of the president but have concern about much of what is being layer out in the stimulus package. I agree with investment in education, enegy, and our infrastructure but much of what you are reporting that's in package does not make sense.

    January 29, 2009 at 10:16 pm |
  45. Roman

    Only thing I havent heard about the new stimulate package will there be checks given to the people like last year?

    Thank You

    January 29, 2009 at 10:16 pm |
  46. Yvette

    $600 million to buy new cars for government employees?? Give me a break! Oink, Oink, Oink! Pork, Pork, Pork!!!

    January 29, 2009 at 10:16 pm |
  47. Taylor

    Time to fire the whole lot of them! The "Financial Elite's" need to be brought back down to earth. No more culture of excess greed! I hope we see some real action taken by President Obama and his administration.

    January 29, 2009 at 10:16 pm |
  48. USMCspouse05

    In my opinion since these CEOs can't get the job done and spend our money the way it needs to be spent and millions of ppl are losing their jobs...I will make them give all that money back and then fire them....I would also make sure that they are not allowed to be the CEO of any other company....

    January 29, 2009 at 10:16 pm |
  49. Jackie- Iowa

    Can those CEO's be fired w/o paying them parachuts if they are in their contracts

    January 29, 2009 at 10:16 pm |
  50. Adriana

    Well, what can Republicans say? That we should pay billions in bonuses? Even they have common sense...

    January 29, 2009 at 10:16 pm |
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