[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/03/18/aig.bonuses/art.geithner.afp.gi.jpg caption="Treasury Secretary Timothy Geithner said AIG will have to return $165 million in bonuses for executives."]
AC360° Senior Producer
Anderson continues his zigzag across the country, and tonight he lands in Detroit. This city has been hit hard by the recession given the heavy reliance on work within the automobile manufacturing industry, which has had a meltdown.
Anderson isn’t the only one making a road trip today: President Obama heads to California where there’s double-digit unemployment and a housing meltdown. He’ll be trying to sell his 3.6 trillion dollar budget in some scheduled town hall meetings. He’ll also be dodging the tough PR regarding the AIG bailout.
His peeps back home are trying to defuse the latest AIG fire. AIG has become Public Enemy #1 after sucking up $170 billion worth of taxpayer money and then doling out millions in bonuses to some of the employees who ran the company into the ground, and there are questions over how much the administration knew about these bonuses before they gave them big bailout bucks.
The Obama administration says it will move to recoup the money used to pay them, and Senate Democrats are also proposing heavy taxes on these executive payments. Today there should be smoke coming out of Capitol Hill when AIG Chief Executive Edward Liddy appears before lawmakers to face tough questions. Now that is one guy who is probably wishing he didn’t have to show up for work today. We’ll be watching this story.
We are hoping those of you in Detroit enjoy having Anderson on your turf and make sure you also keep an eye out for Randi Kaye’s piece tonight. She looks at lessons Detroit could learn from Pittsburgh. Pittsburgh abandoned steel and reinvented itself with a focus on the medical and education industry.
Randi will show why the biggest bank in Pittsburgh is thriving, housing prices are higher than the national average, and there are more jobs than before steel collapsed because the city switched gears.
What else do you want to see in the show tonight? Let me know, and see you at 10pet
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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