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February 26th, 2009
09:45 PM ET

Live Blog from the Anchor Desk 2/26/09

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Filed under: Live Blog
soundoff (643 Responses)
  1. Chris Sosa - Boston, MA

    @Esma and Rikki – I agree. I look forward to seeing him try as well. Just know the Republicans will be wringing their hands at his "failure" when he can't reach the goal. 😉

    February 26, 2009 at 10:24 pm |
  2. Brandi - bottom of the boot

    anderson, i didnt understand any of those words. all those zeros made my head hurt and the gears are too tight to turn now. oh, and then you had to mention octo-mom and porn in the same sentence. lol

    February 26, 2009 at 10:24 pm |
  3. Jason

    Anderson,

    The new budget should be put into context, I mean last year President Bush submitted a $3.1 Trillion budget and he didn't even have healthcare reform or the economy in mind. Just something to keep in mind....

    Jason
    Tampa,FL

    February 26, 2009 at 10:24 pm |
  4. Isabel, Brazil

    Stress test of banks:
    The auditors examine the relationship of assets and liabilities of banks and they project what would happen with this balance, if the situation worsened.

    The situation needs to get worse?

    February 26, 2009 at 10:23 pm |
  5. Megan Dresslar - Shoreline, WA

    What is Bollywood???? I think look like hollywood

    February 26, 2009 at 10:23 pm |
  6. Teresa, OH

    re: Nathan, Tulsa, OK :

    "How in the world can we allow this to happen? We are heading to doom if we allow Obama to pass his agenda."

    On the allow to happen: you lead the revolution and I will follow : )

    On the doom: we are doomed if we do and doomed if we dont.

    February 26, 2009 at 10:23 pm |
  7. Bill

    We elected Pres. Obama to office- let's give him a chance to fix the destruction brought on us by foreign policy directives brought on through personal agendas which resulted in a total disregard for homeland America. The trillion dollar budget is needed to repair our economy- how much was spent on the military in the last 8 years?

    February 26, 2009 at 10:23 pm |
  8. Belvia Levkus

    Obama is amazing and I worked his campaign. He will have this all cleaned up in no time. He is so good with money it is amazing. Go Obama.

    February 26, 2009 at 10:23 pm |
  9. Derrick Ingram

    Anderson,

    Barack's economic stimulus plan certainly seems heavy in dollars that most of us would spend a life time just trying to count that high. All be it those are scary numbers, I am in full support and have belief in our government to to what's right to help stimulate our future, not just jobs.

    February 26, 2009 at 10:23 pm |
  10. Barbara in Boston

    David Gergen – thank you for making the point about how we have had a trickle up economy in recent years. It's about time we changed direction.

    I also agree with Ryan about confidence. I believe Pres Obama has the people's support with this budget. When middle- and lower- income families realise how much they're getting from the Obama administration, there will be a huge sigh of relief nationwide: increased Pell grants, payroll tax cuts, healthcare relief, tax credits for first-time home buyers, for buying fuel efficient cars. That will all add up.

    February 26, 2009 at 10:22 pm |
  11. Fay - California

    The President's emphasis on transparency regarding how our tax dollars will be spent is quite a turnaround from the Bush Administration's policies.

    February 26, 2009 at 10:22 pm |
  12. Tyler Gleason

    Will somebody please point out the the American government is still forcing all K class visa interviews to be completed in Juarez! These are for fiances and spouses of American citizens. There are 8 other consulates in Mexico plus the Embassy in Mexico City. They all process visas but Juarez is the only place to do K visas. Incredible that this can’t be changed given light of the all out war and chaos in this city. Please help me shine some light on this.

    February 26, 2009 at 10:22 pm |
  13. Karen C

    I'd love to see a poll on how many people have ever even looked at a national budget proposal before this year. For how many is it like some new discovery that it even exists. I'm guessing not many. Not many.

    February 26, 2009 at 10:22 pm |
  14. Mike, Syracuse NY

    @Sabrina, every penny of the war supplementals was authorized by Congress. They knew it was 'off budget'. However the amounts were public, and accounted for in the debt. It's Obama who is using 'gimmicks'.

    February 26, 2009 at 10:22 pm |
  15. Edmond Rousseau

    A tax increase for household earning $250,000 per year translate to a tax increase to any single working or retired person earning more than $125,000 per year.

    February 26, 2009 at 10:22 pm |
  16. Mary in NY

    Anyone know: If you make $250k a year, how much of that is taken in taxes? I was told currently over 50%. So now your take home pay is NOT $250k and you don't look so rich. Obama wants to take even more now???? What would you do if you made over $250k? Hmm, hide your money for a few years? Yup, me too.

    February 26, 2009 at 10:22 pm |
  17. mave

    Don't know if it good or bad to live where I do. The cost of living seems unbelievably high in the big cities but I find I am also shocked at the number of comments from people who don't think 250,000 is alot of money. My husband and I both have what are considered to be good jobs in our state and we cracked 100,000 for the first time last year...and that was because of all that overtime I mentioned earlier. Glad to just to be employed but still think 1/4 of a million dollars is a pretty good living!

    February 26, 2009 at 10:22 pm |
  18. J. Hyman

    Who! Anderson, think again. Household can and do run a deficit. That is part of our economic problem. Short on the budget families go in debt on their credit cards or even mortage their homes. duh

    February 26, 2009 at 10:22 pm |
  19. Norman Moran

    1 Trillion Dollars...you can spend a million dollars a day since the start of our calander system and not reach 1 Trillion Dollars....when will we listen to Ron Paul and at least consider what he has been saying for YEARS about our economy and our doomed monetary system?

    February 26, 2009 at 10:22 pm |
  20. Ken

    Just wanted to take the opportunity to tell David Gergen how much I respect his opinion and analysis.

    February 26, 2009 at 10:21 pm |
  21. Damon

    PLEASE stop covering the "octomom!" She is not news. She's a nutjob starved for attention and you're just feeding her. Enough, please.

    February 26, 2009 at 10:21 pm |
  22. Lori from IL

    I know the numbers are hard to "wrap our heads around" today - but will the numbers be that big 10 years from now? Remember - it was just in 1995 that the Dow closed above the 4,000 mark for the first time. Today - everyone is complaining that it's below 8,000.

    February 26, 2009 at 10:21 pm |
  23. Chris Sosa - Boston, MA

    Oh, no. Anderson, you just had to bring up octo-mom again. I can't figure out if you genuinely find the story interesting or CNN is just continuing to report it because the other networks are inevitably continuing to cover the story, ironically for the same reason.

    February 26, 2009 at 10:21 pm |
  24. May from Tennessee

    Evening Anderson, Erica, David, 360 Team and Groovy Bloggers! So much going on today. I'm really glad to see the president going full steam ahead to get things done. Looking forward to seeing what he has to say tomorrow.

    February 26, 2009 at 10:21 pm |
  25. vince pa

    what's to stop these companies and top 2 % from leaving the country instea of being taxed out of exsistance and now cap and trade, I'm sure that will help most companies. I lost my job 4 days before christmas and I don't see any oppertunities opening up. so wheres the confidence

    February 26, 2009 at 10:21 pm |
  26. Glen Up North

    Pete, redistributing wealth means money is circulating. When money is circulating, it goes into other people's pockets, and so on, and so on... as long as no one decides to either save it instead, or send it "outside" the economy (though many would argue the world is now a global economy).

    February 26, 2009 at 10:21 pm |
  27. Mike

    Am sitting here in the UK and so pleased that Obama is doing exactly what he always said he would do with his budget, putting the people of America first. Healthcare, Education, Alternative Energy, Ending Wars, Closing Tax Loopholes...

    This is more than Gevernment, this is a lesson in humanity for the world to behold.

    You should be proud.

    February 26, 2009 at 10:21 pm |
  28. EM-Fort Wayne, IN

    How are we prioritizing this?

    February 26, 2009 at 10:20 pm |
  29. Gloria, Brooklyn, NY

    Big money and big plans require big spending.

    February 26, 2009 at 10:20 pm |
  30. Carmen

    You forget that for once the cost of the war has been added, unlike the Bush budgets, we need health care it will be cheaper to pay for preventive care then it is for emergency care. Lets stop complaining!
    Also, thank you for your piece on the Mexican border, we need to be paying attention to that.
    cj

    February 26, 2009 at 10:20 pm |
  31. Maureen, Georgia

    @ Sabrina I agree with you also, I've never heard of Gregg until Pres. Obama picked him.

    February 26, 2009 at 10:20 pm |
  32. April

    Hi Anderson,

    i think that they should just let the president do what he have to do. in the begining obama stated that he was going to make hard decisions for american. lets just see what he can do.

    February 26, 2009 at 10:20 pm |
  33. Brandi - bottom of the boot

    ugh...video porn? after octuplets??? need mouthwash, i taste puke.

    February 26, 2009 at 10:20 pm |
  34. Mona

    Why all the fuss about spending this money on the United States. Not nearly such a fuss when we were/are spending this money on the war in Iraq.

    February 26, 2009 at 10:20 pm |
  35. sharon, sydney, cape breton

    Won't be going to Mexico anytime soon!!!

    February 26, 2009 at 10:20 pm |
  36. Paige

    Where were all the critics and budget " experts" with their crystal ball logic on will not work the last 8 years? – Who and how do their opinions help now ?– I wish they would propose an arternative viable plan – or shut up and move out of the way

    February 26, 2009 at 10:20 pm |
  37. Diane

    Are you kidding? Individuals cannot run up a deficit? How about the credit card and mortgage loan crisis we have imploding right now? What about banks raising interest rates on people trying desperately to reduce their debt? I don't think there can be a better example of the crisis individual deficits are impacting the American people today.
    Diane
    Oakland, Ca

    February 26, 2009 at 10:20 pm |
  38. Gia

    What is David Gerrgin talking about "The past administration bears SOME of the blame for the deficit" when President Obama has only been in office for 36 days?! Who else is responsible?!

    February 26, 2009 at 10:20 pm |
  39. Saera El Paso,TX

    @Pete- Uneven distribution of wealth was one of the causes of the Great Depression

    February 26, 2009 at 10:19 pm |
  40. Jo Ann, North Royalton, Ohio

    Unfortunately, Obama is overestimating his power of persuasion.

    February 26, 2009 at 10:19 pm |
  41. Patty Vogan

    Hi Anderson,

    Maybe you covered this, I just tuned in. How do you think the budget will impact real estate loans rates?

    Thanks,
    Patty

    February 26, 2009 at 10:19 pm |
  42. Pati Mc

    At this stage in the economic game, do we feel that anything will be successful? I am no economist, but surely the longer we let things go, the worse the outcome will be. Clearly we have to do something and it will have to be drastic. What are the alternatives? I am not hearing a variety of other options...it is daunting to say the least.

    February 26, 2009 at 10:19 pm |
  43. Mike

    I dont think the troops want to come home to this mess

    February 26, 2009 at 10:19 pm |
  44. Robert

    I can't even get my mind around the number of dollars being thrown at the problem. Does the deficit really matter - it's like doubling infinity.

    February 26, 2009 at 10:19 pm |
  45. Cassandra

    What I don't get is why is everyone concerned about the cost President Obama is spending to get this country on track. The government didn't appear to be concerned with billions of dollars they gave President Bush per day to run an illegal war. Now, the government is concerned when this President wants billions of dollars to go to helping American people. Why?!!

    February 26, 2009 at 10:19 pm |
  46. Minou, New York City

    It's funny to see how the Republicans seem to conveniently forget that THEIR policies got us into this mess to begin with! Clinton left no deficit!

    February 26, 2009 at 10:19 pm |
  47. Esma

    @ Chris Sosa-I agree with you about Obama's goal being too lofty, but I'm curious to see how much of it he can get done. Anything would be an improvement.

    February 26, 2009 at 10:19 pm |
  48. CaseyJ - Palm Springs, CA

    @Jo Ann...all economic projections (good or bad) are fiction, especially now.

    February 26, 2009 at 10:18 pm |
  49. Tee

    Anderson, great topic. I am tried of everyone critizing Obama budget. Why thes people did not speak up when Bush was increasing the national debt and spending our tax payer money.

    February 26, 2009 at 10:18 pm |
  50. Rikki, Fargo, ND

    Chris...I definitely think it completely unrealistic. He may be able to bring it down a bit but cutting it in half is, in my opinion, biting off more than you can chew. It'll be interesting none the less!

    February 26, 2009 at 10:18 pm |
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