March 2nd, 2009
09:45 PM ET

Live Blog from the Anchor Desk 3/02/09

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Filed under: Live Blog • T1
soundoff (680 Responses)
  1. Jack Daniels

    How many Investment banks are there? Why not break them up into smaller companies? To me these oligopolies are just like anti-trust companies.

    March 2, 2009 at 10:16 pm |
  2. ericacnn

    hi, everyone – welcome to a fresh wk of blogging

    March 2, 2009 at 10:16 pm |
  3. Isabel, Brazil

    Good news should be celebrated, even if small:

    High in income in the american people. In January, there was growth of 0.40%, against the market expectation of a reduction of 0.20%. Good news.

    March 2, 2009 at 10:16 pm |
  4. Dianne

    Huh? Where were these experts, Gergen, Walker & Johns when this recession began in December 2007?

    A recession that was hidden for 9 months by the previous REPUBLICAN Administration, fiddling while Rome burned.

    That's over a year ago! President Obama has been in office for 6 weeks! Don't you think he has his Economic Team working on this issue full out? Give your heads a shake!

    March 2, 2009 at 10:16 pm |
  5. Jasmine-Spokane,WA

    I respect that, god forbid I'm even saying this, he speaks his mind. What my problems lie with him are his credibilty. His arguments sqewer his views and make him sound like a foolish man. I speak my mind and I don't mind that, but Rush needs to understand that not everything he says is truth....

    March 2, 2009 at 10:16 pm |
  6. Maren in Oregon

    Rush doesn't want "individual" freedom – if you listened to his speech, he kept talking – favorably – about the wonders of unequal outcomes. He's proud of keeping poor people poor, and making sure his friends and contributors keep what they have, and never alolow anyone to, as they say in the NRA, "pry it from my cold, dead hands."

    March 2, 2009 at 10:16 pm |
  7. kfgomez

    let AIG fall
    the Caribbean allow CLICO to fail

    March 2, 2009 at 10:16 pm |
  8. peter deluca

    what do you think .
    to bail out the economy

    – just have the goverment take all the banks bad morgages – and set up a goverement tempory bank to handle them.

    rework the terms to keep people in their houses.

    then the banks start from scratch and goverment controls that money - instead of feeding it always to the banks.

    hope this helps

    peter deluca

    March 2, 2009 at 10:16 pm |
  9. Mike Syracuse, NY

    @Eric, Obama's projected deficits for 4 years are greater than Bush's in 8. It's way more than $1 trillion.

    March 2, 2009 at 10:16 pm |
  10. Shelley

    I am sorry I did not vote for George W Bush but I never would have wanted him to fail! sheesh! The stuff Rush says is so hateful! And Rush uses profanity too much!

    March 2, 2009 at 10:15 pm |
  11. Howard Edmond

    Right now the only people I want to hear from about the economy are real economists and real financial market experts. Most politicians don't know that much about economics and as such they just tend confuse people who want to understand. Economists are overwhelmingly in favor of the administration's essential approach in terms of massive stimulus, financial market relief and a revitalized regulatory approach. Now is the time when you (CNN) needs to explain why that is and why a relatively small minority of economists disagree. It's harder to do, but it would do the country a real service.

    March 2, 2009 at 10:15 pm |
  12. Michelle D . Fonthill. Ont

    @Sean stay safe ! In Iraq hope you come home soon!

    March 2, 2009 at 10:15 pm |
  13. Brian Piazza (California)

    We have given $150 billion dollars to AIG. Another $30 to eventually reach $250 billion. How many sub-prime loan defaults were there here gang? I am thinking if we add up these bailouts and stimulus plans we might have just paid off all the over due loans.

    It will be a sad day to look back and realize we unloaded several trillion dollars to fix $500 billion problem.

    March 2, 2009 at 10:15 pm |
  14. Cessy, Chicago

    Good evening!

    Hi Anderson! What an excellent and interesting report you did yesterday on 60 minutes.

    Spell LIMBAUGH (5x) fast! 🙂

    March 2, 2009 at 10:15 pm |
  15. Emma

    Rush Limbaugh is ridiculous. If P. Obama fails, we're all screwed. I didn't vote for him but I really, really want him to succeed.......for the sake of our country.

    March 2, 2009 at 10:15 pm |
  16. Bernadette Loesch

    Dear Anderson, First and foremost I want to let you know that I love your kind of reporting, open and honest just to name a few compliments. Now on to more serious issues. Pres. Obama is doing all he humanly can to get the United States back on track. This 'depression' was a severe accident waiting to happen. All of the pieces have fallen into place just like dominoes. That most of it was revealed on his watch only tells us that most of the iceberg was covered up by the Bush/Cheney Regime for many years. Why are people on the right rushing to judgment? Their days of power, control and wanton spending are over. They can indeed see the writing on the wall and they are collectively quacking in their designer clothes and shoes. Keep up the good work.

    March 2, 2009 at 10:15 pm |
  17. Rikki, Fargo, ND

    I really can't stand Rush Limbaugh! I think he is an ignorant git! Him and Ed Schultz would get along really well if they weren't on complete opposite ends of the political spectrum!

    March 2, 2009 at 10:15 pm |
  18. Chris Sosa - Boston, MA

    Why is Rush Limbaugh taken seriously by anyone? I had the "opportunity" to catch his speech as it was airing. He was an embarrassment to the party and to himself. His nonsensical arguments would have been simply humorous if it weren't for the fact that millions of individuals take him seriously.

    March 2, 2009 at 10:15 pm |
  19. Bob

    I dont understand the bail out for AIG. It appears we do it because they have insured banks all over the world and their failure would adversely impact those banks. Our banks are FDIC insured, so it seems that we are in essences bailing out banks all over the world via AIG. If we let AIG go wont that distribute the pain and debt ?? This may seem selfish but seems financilly prudent?

    March 2, 2009 at 10:15 pm |
  20. David in VA

    For those that are relatively healthy, I guess they would think that healthcare reform should take a back seat. For those of us with chronic conditions and mounting health bills, reform couldn't come fast enough.

    March 2, 2009 at 10:15 pm |
  21. Maureen T, Canada

    Interesting how the mainstream Republicans are low key and let Rush have his say. Radio talk show hosts have a tendency to believe in their own hype. How sad.

    March 2, 2009 at 10:15 pm |
  22. Bob Coyle

    Why in the world would any one listen to Rush Limbaugh?
    It is all about his ego. Just turn him off.

    March 2, 2009 at 10:15 pm |
  23. Thomas, Concord NH

    With Rush helping stir the hornets' nest of GOP anger, Jindal tripping over his tongue, and even the "moderate" Republicans turning as Far Right as they can, it's amazing they can still find time to claim that their party knows what's best for America ... let alone that their policies have sent us into this economic disaster.

    March 2, 2009 at 10:15 pm |
  24. Sharon S

    No it is NOT his money he is spending its mine and yours! Democrats love to hand out everyone else's money so freely why don't they dig into their own pockets?

    March 2, 2009 at 10:15 pm |
  25. Megan Dresslar - Shoreline, WA

    I agree with you Megan give our money back!!!
    Thanks Michelle D!!!!!!

    March 2, 2009 at 10:15 pm |
  26. Shane Mohamed

    The Presidents budget shows his complete lack of understanding of the current crisis.

    March 2, 2009 at 10:15 pm |
  27. Lori from IL

    Please don't make us watch any more of Rush Limbaugh -

    March 2, 2009 at 10:15 pm |
  28. Steven Webb

    Hi Anderson, Dave Gergen:

    Why are you guys saying "where's the government, they should do this, they should do that". How about let the private sector clean up their act? Why when things go wrong we always whine to the government? If government is the solution, then we'll get what we want, more government.

    Is there any future for free market capitalism? When we get out of this mess, I wonder what we'll be left with. Government running the financial markets, the banks, the insurance companies. Maybe CNN too?

    March 2, 2009 at 10:15 pm |
  29. EJ (USA)

    I don't think it would pretty if AIG failed. I didn't realize they had that many policies.

    March 2, 2009 at 10:15 pm |
  30. Brent

    I think Obama is in way over his head. He better get serious about this economy and give all the social projects a rest! Hey Anderson the Dow was down 300 points today and has lost over 1000 since Obama took office. Wake up America!

    March 2, 2009 at 10:15 pm |
  31. Sean, IRAQ

    Rush, what am IDIOT. I cant belive this idiot gets paid to talk. The ultra-conservitive concept sometimes gets lost in their cause. Maybe, we should take out faith out of the Govt. and begin to take this country back for ourselves. I cant believe, that we still allow our govt. to BAIL us out, why are we not BAILING ourselves out. Where is the backbone that this country was build on?

    March 2, 2009 at 10:14 pm |
  32. Shaun

    Would giving taxpayers a $100,000. each boost the economy. People could pay off debt and banks would get capital... isn't that what we want???

    March 2, 2009 at 10:14 pm |
  33. Bea

    My problem with Limbaugh is that he is such a hypocrit. The whole drug thing and the lying and deceit involved in it. He is laughing all the way to the bank with his antics. He's not a true conservative. He's a bigot willing to make money by lying.

    March 2, 2009 at 10:14 pm |
  34. David Y

    What a smug pause by Rush – let's hear some intelligent capitalists not just wind bags like Rush.!

    March 2, 2009 at 10:14 pm |
  35. Dodie from CA

    @ Kathy, Chicago Hospitals are closing in California because few people have medical insurance

    March 2, 2009 at 10:14 pm |
  36. emilio and marie difeo

    I agree 100% with Mr Walker and Mr Gergen that the administration needs to focus 100% on the economy and the media should make that a priority to force the issue ... Health care and energy could wait until we resolve this major issue now... we need to build confidence with the american people... I am convinced that the media could do a better job in keeping this issue alive on a daily basis

    March 2, 2009 at 10:14 pm |
  37. Eric

    I feel that the commentators on tonight are on the wrong track in asking the president to focus just on on thing. This one thing the economy is interconnected to everything else. Of course we need heath care reform and we need it now more than ever.

    March 2, 2009 at 10:14 pm |
  38. David

    CDO's caused the current crisis because the underlying sub prime loans were worthless. AIG is loosing money because they insured CDO's and are now having to pay off those who lost money on investments in CDO's. The government is spending money to give AIG money to pay off the losses on their payoffs on worthless CDO's. Does this seem circular to anyone else? Is the tax payer always the ultimate loser?

    March 2, 2009 at 10:14 pm |
  39. Rob in Winter Park, FL

    Failure is a necessary part of free markets! unfortunately, these companies are too tied into Washington to fail and now its too late to allow failure... it's shameful on so many levels!

    March 2, 2009 at 10:14 pm |
  40. Christine Strom

    • I'm currently a student at University of Colorado at Denver. I'm trying to keep a positive attitude with the whole economic crisis (thank god for student loans). How can I see this as an opportunity when I graduated in Dec 2010.

    March 2, 2009 at 10:14 pm |
  41. rob

    Let AIG fail no more bailouts

    March 2, 2009 at 10:14 pm |
  42. numa

    President Obama had better suspend the 'mark to market' rule or he hasn't seem anything. The 'mark to market' rule has devastated mortgage securities and it is attacking commercial loans. If federal regulators continue to enforce the mark to market rule – the wave of foreclosures and defaults will spread and spread. It will be a tsunami and it is coming soon.

    March 2, 2009 at 10:14 pm |
  43. Drew Sumrell

    What would define that the US economy is in a recession?

    March 2, 2009 at 10:14 pm |
  44. Barbara Pacheco, Gaffney South Carolina

    I would like to know what political party the CEO's of AIG, Bank of America, Lehman Brothers are affiliated with? Are they republicans? Maybe the reason the stock market is crashing is because they are running for the hills to hide their money before Obama can take it from them.

    March 2, 2009 at 10:14 pm |
  45. tom

    The administration should revise its priorities to deal immediately and specifically with the economy, and at the same time request the resignations of Dodd, Frank, Pelosi, and others who promoted lending policy which has been so detrimental to this nation and has contributed greatly to the financial mess we are now in.

    March 2, 2009 at 10:14 pm |
  46. Michelle D . Fonthill. Ont

    Rush Limbaugh should stick to blowing his hot air on the radio .He is going after Pres Obama's inexpirence and it's not fair the gop's put us in this mess now if the shoe fits wear it! -if Rush can find a size that 's big enough to have room for ego!

    March 2, 2009 at 10:14 pm |
  47. Carl

    One of the big three is going to fail. Why? Because 50% or more of Americans have blown up their credit and now have 600 or below fica scores. It takes three years to fix a bad score, so there really is no way for the big three to survive if 50% of the future / potential buyers can't qualify for a loan for three more years. Think about that.

    March 2, 2009 at 10:14 pm |
  48. John

    Doesn't it hurt the economy when all we here in the news media is doom and gloom? Doesn't this talk itself make the economy worst? As bad is it is, most people have good jobs and shold keep spending. When they don't, it makes it worst. If you have a good job, Keep Spending!!!!!!!!!!!!!!

    March 2, 2009 at 10:14 pm |
  49. Thomas in NYC

    Most of Madoff's victims lost everything. He should be able to keep as much.

    March 2, 2009 at 10:14 pm |
  50. Glen Up North

    @ Jo Ann: after 8 years of the effects of Bush's inexperience, I dare say we may be judging Obama's experience too harshly after only less than two months on the job.

    March 2, 2009 at 10:14 pm |
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