February 6th, 2009
04:19 PM ET

Beat 360° 2/6/09

Ready for today's Beat 360°?

Everyday we post a picture – and you provide the caption and our staff will join in too.

Tune in tonight at 10pm to see if you are our favorite!

Here is the 'Beat 360°' pic:

U.S. Senate Majority Leader Sen. Harry Reid (D-NV) listens as Sen. Dick Durbin answers questions on the progress of the economic stimulus package at the U.S. Capitol February 5, 2009 in Washington, DC.

Have fun with it. We're looking forward to your captions!

Make sure to include your name, city, state (or country) so we can post your comment.

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Filed under: Beat 360° • T1
February 6th, 2009
02:33 PM ET

Wait till you see next bailout

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/02/05/obama.stimulus/art.obama.speech.gi.jpg]

David Smick
Special to CNN

This week, the Obama administration launched an angry campaign (and rightly so) targeting the greed of the financial services industry.

The big bank executives - with their French private aircraft purchases, Las Vegas boondoggles and multibillion-dollar bonuses (despite having just received taxpayer bailout funding) - appear politically tone deaf. Now the Treasury Department is proposing a $500,000 salary cap on senior executives of banks receiving taxpayer funding.


Filed under: Bailout Turmoil • Barack Obama • Raw Politics
February 6th, 2009
02:10 PM ET

Mayor Phil Gordon: This isn't personal, it's about safety

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Phil Gordon
The Arizona Republic

My disagreements with the sheriff are about professional decisions and public safety. Our shared goal has to be the safety of our community. And, from the beginning, I have respectfully asked the sheriff to do three things to help ensure the safest possible community for us all.

First, I have asked him to simply do what the Phoenix Police Department does: cooperate with other local law enforcement jurisdictions. Let the various police departments know exactly what he is doing. Plan with them. Share information and resources. Don't jeopardize ongoing undercover operations. Don't put deputies, other officers and the public at increased risk.


February 6th, 2009
02:00 PM ET

The New Era of Irresponsibility

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Jacob Sullum
Reason Online

Last October, while campaigning in Toledo, Barack Obama called for "a new ethic of responsibility." The nation's economic troubles, he said, occurred partly because "everyone was living beyond their means," including politicians who "spent money they didn't have." In his inaugural address last month, Obama regretted "our collective failure to make hard choices" and heralded "a new era of responsibility."

Now President Obama, as one of his first priorities, is pushing a gargantuan "stimulus" plan that will add around $1 trillion to the national debt and cannot possibly work as advertised. Welcome to the new era of responsibility.


Filed under: Barack Obama • Economy • Raw Politics
February 6th, 2009
01:51 PM ET

We interrupt this war..for a strike

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/WORLD/asiapcf/01/31/sri.lanka.fighting/art.sri.lanka.afp.gi.jpg]
Suzanne Kelly Simons
CNN Executive Producer

Who goes on strike in a war zone? Interpreters working with the US military in Iraq are mulling it over. What else can you do when your employer, a government contractor, wants to cut your pay for the same work? And that work happens to be in very dangerous parts of Iraq?

In the military, the possibility of a strike might get you thrown in the brig for insubordination, if you're not laughed out of town by your fellow soldiers first. But if you are technically the employee of a corporation hired to provide services to the U.S. government, then it’s a different story.


February 6th, 2009
01:26 PM ET

Octuplets' mom: 'All I ever wanted'

The mother of octuplets, whose story has sparked controversy around the world, rejects suggestions that she may not be able to care adequately for all 14 of her children and that her decisions have been selfish.

"I'm providing myself to my children," Nadya Suleman told NBC in her first interview. "I'm loving them unconditionally, accepting them unconditionally, everything I do. I'll stop my life for them and be present with them and hold them and be with them. And how many parents do that? I'm sure there are many that do, but many don't. And that's unfortunate. And that is selfish."

NBC's "Today Show" ran a portion of the interview Friday.

Suleman, a 33-year-old single mother, had the octuplets through fertility treatments, while already having six young children and no clear source of income.

Keep Reading...

February 6th, 2009
01:15 PM ET

President Obama's not the only one...

The Huffington Post

One day after President Bush's former Chief of Staff Andrew Card blasted President Obama for breaking the Bush dress code, which reportedly required that a jacket be worn by anyone entering the Oval Office, we've unearthed a photo of, well, a jacketless President Bush in the Oval Office.

Click here to see a slideshow of past Presidents sans Jackets.

February 6th, 2009
12:48 PM ET

President Obama: No more Mr. Nice Guy?

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/02/05/obama.stimulus/art.obama.speech.gi.jpg]
Barclay Palmer
AC360° Senior Producer

Was he really mad, or was he playing them like a fiddle?

President Obama had reached out to Republicans, seeking a bipartisan consensus and including tax cuts in his Stimulus Plan.

When Republicans in the House didn't sign on, and some Democrats complained they didn't like his plans either, some wondered if President Obama's conciliations were making him look weak.

And then came last night. He broke out the big guns - firing off campaign-style rhetoric, saying in effect, You're with me, or , you're pushing "worn out ideas that helped create this crisis."

Can he win by alternating like that between good cop and bad cop? Is he doomed to fall into the same partisan rut that his predecessors fell into?

What's your take?

Filed under: Barack Obama • Raw Politics
February 6th, 2009
12:19 PM ET

A maximum wage?

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/01/29/obama.fair.pay/art.obama.afp.gi.jpg caption="Obama officials reveal pay and spending limits."]

Tom Foreman | Bio
AC360° Correspondent

There are certain scenes that you can only imagine, but you know they actually happened. This week, I am certain one of the lions of Wall Street stopped in the midst of trading, put his hand on his wallet, grimaced and gasped, “I felt a great disturbance in the Force, as if millions of dollars in bonuses cried out in terror…”

Or something like that.

President Obama’s call for a half-million dollar income cap for senior executives at companies receiving bailout money has undeniably disturbed Big Money America partly because that crowd knows this is something a lot of Americans can get excited about. The equation for supporters is simple: We the taxpayers are keeping your sorry keisters afloat; you have no business pumping up your piggy banks until you pay us back.


Filed under: Economy • First 100 Days • Tom Foreman • Wall St.
February 6th, 2009
12:18 PM ET

CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam

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Anna Schecter, Rhonda Schwartz and Brian Ross
ABC News

Wall street lawyers, investment bankers, CEOs and media executives often used corporate credit cards to pay for $2,000 an hour prostitutes, according to the madam who ran one of New York's biggest and most expensive escort services until it was busted last year.

But prosecutors in the Manhattan District Attorney's office chose not to pursue any of the corporate titans, says Kristin Davis, who pleaded guilty last year to charges of running a prostitution business that used more than a hundred women.


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