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February 4th, 2009
09:45 PM ET

Live Blog from the Anchor Desk 2/4/09

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Want to share your thoughts on the stories we're covering tonight? You're in the right location. Just scroll down and post your comments. This is where you can "chat" with Anderson and Erica during the program.

Want to know what we're covering tonight? Read EVENING BUZZ

Keep in mind, you have a better chance of having your comment get past our moderators if you follow our rules.

Here are some of them:

1) Keep it short (we don't have time to read a "book")
2) Don't write in ALL CAPS (there's no need to yell)
3) Use your real name (first name only is fine)
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5) Watch your language (keep it G-rated; PG at worst - and that includes $#&*)

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Filed under: Live Blog • T1
soundoff (658 Responses)
  1. Stephen

    If the executive don't want the government to interfere with their bonuses, they need not to ask the government for bailout. They need to let the companies go under.

    February 4, 2009 at 10:24 pm |
  2. Martin

    I wish politicians would deploy common sense and not bow to political correctness. A $500,000 salary cap is ridiculous because (a) it prevents companies who need the best management from attracting it, (b) it entrenches existing management because good managers wil not want their jobs, and (c) it wrongly assumes that the problems of these troubled companies are current managements' fault. For example, the automakers' problems stem from labor laws that enabled unions to accumulate pay for people not working and lavish retirement benefits. While the Obama administration supports making unionization easier and therefore above-market compensation easier, it blames management for not being globally competitive.

    February 4, 2009 at 10:24 pm |
  3. Dewey Duhon

    Why did it take for Obama to inact the cap on ceo's. George Bush should have done this in the begining.?

    February 4, 2009 at 10:24 pm |
  4. Rita in Mississippi

    Anderson, after capping salaries of these greedy CEO's I think a brand new group of smart, innovative problem solvers who are not greedy are going to surface who would never have had the opportunity otherwise because they don't play underhanded games.

    February 4, 2009 at 10:24 pm |
  5. Pat

    the definition of insanity is to keep doing the same thing and expect a different outcome!
    The American people voted for change – so lets have the guts to try something different!!
    Pass the bill, cut CEO salaries where taxpayers' money is involved and see if it works. Maybe the bill works and some less greedy people will head up big companies.
    What is the worst that can happen? A real bad recession.......?

    February 4, 2009 at 10:24 pm |
  6. joe from thailand

    anderson obama did a old sales trick.
    he gave the dream of change to everone he took all us to disneyy world and said yes to evrrything. now he is bringing everone to reality look its my way or the high way. what did everyone think he was goign to do save the world. people wake up we have many ore problems facing us then we really know.

    February 4, 2009 at 10:24 pm |
  7. Lorie Ann, Buellton, California

    Erica, Is Jack Gray bringing back the "items" lifted. If not, borrow his air time for yourself..

    February 4, 2009 at 10:24 pm |
  8. Lori from IL

    Sorry Ed Rollins, I don't agree with "...no Democrats voted for President Bush's bills for the last eight years..." – What about TARP?

    And that still shouldn't be a justification of no Repubs voting for the stimulus bill - if they really are working for the good of the country. Or is Congress really just digging in their partisan heels? And give me a break about the Repubs being worried about spending after all the money they spent on the Iraq war and inflated our national debt over the last 8 years.

    Maybe it's time all of Congress is recalled unless they can learn to "play nice" and put the country's needs above their own?

    February 4, 2009 at 10:24 pm |
  9. Patrick King

    We are bailing out the banks in the billions. Congress passed a law in Dec. 2008 that banks can not charge last fees or raise interest rates without a longer period of time currently being practiced. However it does not go into effect till 2010. Banks are now raising interest rates and not cancelling late fees as a curticy like they use to do.. Why cann't the law go into effect now when people need the extra time to pay credit cards? Stop the banks that are continuing to rip off the American public. Patrick King in Miami, Fl.

    February 4, 2009 at 10:24 pm |
  10. Amina from TN

    good evening Anderson, Erica and fellow bloggers

    ok 2 people i seriously don't want to never ever ever have to hear from
    1. dick cheney
    2. joe the plumer

    February 4, 2009 at 10:24 pm |
  11. Anne Boleyn

    Somebody needs to tell Joe the Failure to diaf.

    February 4, 2009 at 10:24 pm |
  12. David, Indiana

    Listening to the panel discussion...one republican idea is allowing existing mortgages to be modified to 4% and changed to 30 year mortgages.15,000 tax credit for new homeowners. That might be one or two provisions that would be possible additions to the stimulus. David Gergen you're right about getting into the nitty gritty of the bill, the substance, but the overall discussion of the package, in congress and in the media is just getting there.

    What were those pictures of the groundhog, and of Bill Murray and Groundhog Day doing on the senate floor?

    I'm glad you mentioned that Erica. Great Interview with President Obama, Anderson. Took the various topics of the day and brought them into clarity for your viewers, for me. Great starting point for thinking about appointment process, stimulus package, economic problems, and the President's approach to these questions.

    February 4, 2009 at 10:24 pm |
  13. Michelle D. Fonthill,Ont

    Joe The Plumber, the war reporter please make this night mare stop !

    February 4, 2009 at 10:24 pm |
  14. Jo Ann, North Royalton, Ohio

    It is difficult to believe that this loophole was allowed to exist. I don't know about anyone else, but I think the way these companies misused the taxpayers' money is fraud.

    February 4, 2009 at 10:24 pm |
  15. Hillary B.

    I think it's unfair of Ed Rollins to say that the president is going to use as an answer to everything that he won the election for the next four years. The only reason he's saying it now is because during the election, John McCain heavily promoted taxcuts as a way to get the economy back on the right track, and americans largely rejected that solution. Therefore, the president's comments about the outcome of the election are relevant to this particular subject.

    February 4, 2009 at 10:24 pm |
  16. Mike, Syracuse NY

    @Eric, the Republicans ARE offering alternatives, and not just 'more tax cuts'. The Dems aren't accepting them. Get the pork out and there would be at least some Republican support.

    February 4, 2009 at 10:24 pm |
  17. Bridget, TX

    I don't know why people are so upset about the Wall Street execs getting bonuses, basically shooting the fingers at the American people. They don't care any more about the American people than the the GOPs do, so why aren't people as outraged with the GOPs?

    February 4, 2009 at 10:23 pm |
  18. Esma

    The TARP fund is reminding me more and more of the Patriot Act.

    February 4, 2009 at 10:23 pm |
  19. Jim from Washington State

    I think the Pay Cap on Executives is good but did not go far enough, how about a $100,000K/yr Cap. I wonder if any of these people remember actually making this much Money in their Lives, I have worked my but off to get to the point of making $55,000/yr and I can not even emagine someone making 500K/yr. Even at 55K/yr I can not afford to buy my own house, who do this people think they are to continue to ask for more when everyone else is living on less.

    February 4, 2009 at 10:23 pm |
  20. fred from alberta

    anderson:: why is the CEO wage cap not recomanded back to the first 350billion package, those CEOs need to be pealized for their stealing of the tax payers money…

    maybe you can push this on AC360

    February 4, 2009 at 10:23 pm |
  21. Suzanne

    Obama's cap is right on and long overdue. Sr. Mgmnt worried about losing talent. Well have them find a job in this financial train wreck. If their talent is so talented why did they need the bailout.

    February 4, 2009 at 10:23 pm |
  22. Pam

    Regarding provision for $500,000 cap. Is there also a provision to ensure current employee salaries "below" executive level cannot be lowered when they have to take this cut? Without this protection won't we have more foreclosures & credit loss?

    February 4, 2009 at 10:22 pm |
  23. Michelle D. Fonthill,Ont

    Hi Erica OH great1 Jack Gray please confront himn about going through Anderson's office things -ha!
    I think your webcast should be called The flipside of 360!
    Maybe?

    February 4, 2009 at 10:22 pm |
  24. julliet

    Why should we believe anything Dick Cheney says?

    February 4, 2009 at 10:22 pm |
  25. Dace Tucson AZ

    Please Anderson no more Joe the lying opportunist – leave the bottom feeding sewer rat in his own sewer we do not want to see or hear anything (other than a burial notice) about this type of scum.

    February 4, 2009 at 10:22 pm |
  26. Rick Conway

    AC s are you kidding, if these CEO's are so talented, why do they need a bailout from us. A salary in the millions for no performance??
    WHERE or what kind of "talent " is this??

    February 4, 2009 at 10:22 pm |
  27. Angela

    It's time industry leaders showed real leadership and set an example by demonstrating confidence in their own abilities to navigate through this mess. Short-term compensation limits with real pay for performance will earn broad leadership recognition and renewed trust in these businesses.

    February 4, 2009 at 10:22 pm |
  28. Sharon S

    I am disgusted with the last bailout it was a joke as far as most Americans can tell, they did not put ANY stipulations on it and now we find out they can't even get the money back! Appalling!

    February 4, 2009 at 10:22 pm |
  29. Eric

    joe the plumber really knows how to drag out his fifteen minutes of fame. does he really think anyone wil take him serious?

    February 4, 2009 at 10:22 pm |
  30. Janice

    I would also like to see all the people, who make over one hundred thousand a year try to live on a min. wage like a lot of us ,that you would call the lower class people.

    February 4, 2009 at 10:22 pm |
  31. Vanessa, TX

    OMG...THE Jack Gray.?!! Could it be true?!! lol What can we do, Erica, to persuade him to join us?

    February 4, 2009 at 10:22 pm |
  32. Marium

    David Gergen is absolutely right! Democrats also need to be willing to compromise and make this truly bipartisan, and not just what the winning side wants. There will be be plenty of time for other projects. Let's focus on creating jobs and the economy.

    February 4, 2009 at 10:22 pm |
  33. Jolene, St. Joseph, MI

    Erica: "Trying" to get Jack Gray to join the webcast? I think he owes you one big time! 🙂

    February 4, 2009 at 10:22 pm |
  34. Ana

    Hopefully, American top bank executive will follow our Canadian Bank CEOs on voluntarily turning down millions in compensation. The CEO of the Royal Bank of Canada said: "I feel this decision is right for both me and the bank". Eh?

    February 4, 2009 at 10:22 pm |
  35. Ilona

    Anderson, I keep hearing that the top talent may leave. Tell me, what talent? They almost ran these banks into the ground.
    They should go and try to find another job like so many people.

    February 4, 2009 at 10:22 pm |
  36. Shelia

    Anderson, if the $500,000.00 cap for executives help to get rid of some of the crooks, because it's too small of a salary, then goooood!
    They were paid millions to run all those companys in the ground how dare they want more from us tax payers.

    February 4, 2009 at 10:22 pm |
  37. Michelle, Detroit

    I think the executive pay cap is a great idea. Now lets work on getting some of our jobs back from Mexico and China and stop supporting corporations like Wal-mart, who give no one a choice BUT to send jobs overseas.

    February 4, 2009 at 10:21 pm |
  38. Pati Mc

    Awesome Erica, you are our heroine! Jack Gray......hopefully.

    February 4, 2009 at 10:21 pm |
  39. bertram murphy

    I can no longer believe a single word that the “conservatives” say.

    Nor can I believe any longer that they care one iota about this country save what it can do for them–vicious, vindictive, venal, spiteful, mendacious, self-centered, hateful, hypocritical, greedy, classist, obstructionist and banal all come to mind.

    To think that I once believed to their lies and voted for them just goes to show how gullible I once was. No more.

    Never again.

    February 4, 2009 at 10:21 pm |
  40. Miranda

    Anderson-

    I adore what ever senator in the stock footage showed Ground Hog Day film footage and a Caddyshack gofer cartoon for speaking points!

    I'm laughing already!!!

    Anderson thanks for letting Mr Gergen finish that segment off I am in awe of him always so calm and contemplative 🙂

    Miranda

    February 4, 2009 at 10:21 pm |
  41. George L

    Let's limit all bailed out bank employees to $500K or less. They would get nothing if their bank went bankrupt and failed, and many of their banks would go bankrupt and fail without bailout money.

    February 4, 2009 at 10:21 pm |
  42. Ashley - Hamlin, NY

    Hill, don't tease me with Gray. Possibly the funniest man I know.

    February 4, 2009 at 10:21 pm |
  43. Sidney Dallas,TX

    What about this goverment loop hole Anderson just spoke about?

    February 4, 2009 at 10:21 pm |
  44. Bea

    @Tom: you asked where are the stockholders. The real question is where are the boards of directors. The stockholders often receive stuff they don't understand or have time to read. The boards often are in the executives' back pockets. They ask the stockholders to give them a proxy to vote and most stockholders do. They serve
    don't take the responsibility of board membership seriously.

    February 4, 2009 at 10:21 pm |
  45. Eric from Omaha

    Gergan just pointed out again–it's not just the vote for change mandate of Obama. It's the lack of debate on content and specifics! The repub'n party is becoming the party of "against whatever the other folks say" Grow Up!!

    February 4, 2009 at 10:21 pm |
  46. Brad

    I know a way to cap CEOs don't bail out there failing companies. They won't be able to make minimum wage

    February 4, 2009 at 10:21 pm |
  47. CaseyJ - Palm Springs, CA

    I just don't care who is a Democrat and who is a Republican. They are all equally responsible for what becomes law. It is their fault if they let their egos, "buddies," and ignorance get in the way of doing what's right for the American Consumer, period. There's no excuse for ANY of them. They are all equally to blame for messing up (do they do anything right?).

    February 4, 2009 at 10:21 pm |
  48. HAROLD KEATING

    The president wants to help recover jobs why doesn't he open
    up programs that are in place now, add bail-out to the SBA.
    Then he could get money directly to the poeple needing it,
    because the banks aren't helping anybody but them selfs.

    February 4, 2009 at 10:21 pm |
  49. Lori

    Please, please, please, stop giving Joe the Plumber air time. He's old news, and you're just keeping his stupidity alive by giving him the space and the air. I love you, AC, but . . . please make smarter decisions about what you put on the air!! Lori

    February 4, 2009 at 10:21 pm |
  50. Martha

    If the overcompensated CEOs refuse to work for less, I am sure there are many young talented people with their MBAs who would like to have the opportunity to lead these companies at $500,000. They may even have better ideas of how to lead a company to success.

    February 4, 2009 at 10:21 pm |
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