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March 20th, 2009
08:56 AM ET

Morning Buzz: Is Your Credit Safe

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/POLITICS/03/19/obama.leno/art.obama.leno.afp.gi.jpg caption="President Obama chats it up with Jay Leno on "The Tonight Show" on Thursday."]

Penny Manis
AC360° Senior Producer

Are you all bleary-eyed this morning after watching President Obama become the first sitting commander-in-chief to appear on a late night talk show? Or was it past your bedtime.

He mixed serious discussion with jokes in this appearance, pushing his economic recovery plan, talking about the AIG outrage, and taking his message outside the Washington Bubble.

He also raised eyebrows with an offhand remark making fun of his own bowling which some considered a gaffe because of a reference to the Special Olympics, but the White House quickly tried to bat that one down!

He must’ve been feeling friendly today too, because he reached out to Iran in a video message offering ‘the promise of a new beginning’ that is ‘grounded in mutual respect.’ This country has been referred to as part of the “Axis of Evil’ in the past, and the Obama Administration tone is a dramatic shift from what we saw during the Bush Administration.

Gary Tuchman has an interesting story today about the elderly entering back into the workforce because the recession means they can’t retire as early as they had hoped. He talks to folks who are getting plastic surgery to compete with the younger ranks! Talk about extreme measures.

Joe Johns is cooking up a story on scams- they are on the rise as fraudsters take advantage of tough economic times to swindle money from people. I don’t know about you, but we at AC360 keep getting the strangest emails and calls lately from folks telling us to get in touch because our credit is in trouble. Who ARE these people? Joe will have answers.

And John Zarrella has a story about how college kids out for a good time could save Florida. Those Spring Breakers couldn’t have come fast enough for the hotels and restaurants in this hard-hit state.

Anderson is back in NYC tonight, and we continue our coverage of Road to Recovery after zigzagging our way through the US this week. He picked a fine day to get back in place, it is snowing here today, and hard. Just when you thought Spring was right around the corner…right? Mother Nature likes to keep us on our toes around here!

See you at 10pet!


Filed under: Penny Manis • The Buzz
soundoff (18 Responses)
  1. Laura W

    "I don’t know about you, but we at AC360 keep getting the strangest emails and calls lately from folks telling us to get in touch because our credit is in trouble. Who ARE these people?"

    maybe you guys need to follow up with them

    March 20, 2009 at 12:19 pm |
  2. Annie Kate

    Another scam going on is emails telling you they have a job for you and to answer the email – what happens from there I don't know but I know that legitimate recruiters don't put out emails like this – the position is not targeted at all. For example I'm trained in computing – they sent me a "job offer" for a medical technician and talked about what great qualifications I had for the job. Guess these people will send out anything. Job seekers need to be careful though and be sure any email they answer on a job is really legit.

    I missed Obama on the Leno show but I'm hoping a tape is posted somewhere. Good to see 360 back in NYC!

    March 20, 2009 at 12:02 pm |
  3. earle,florida

    It' nice to see a sitting president out ,and about rubbing elbows with the people ,and the media. The secrecy from the Bush Administration was so disconcerting, I have no-words worth printing! As far as Credit fraudsters preying on the weak, is just sad. Unfortunately for every american today, we have made credit a prerequisite (manatory/ mandated) to being a part of survival in the world of capitalism we call "America",...go figure?

    March 20, 2009 at 11:51 am |
  4. Arachnae

    The AIG bonus story is blown all out of proportion to its importance. It plays so well with viewers because it plays to people's less noble instincts: class envy, reverse snobbery and revenge. I'm not saying those people deserve those bonuses; but unfair stuff happens all the time without generating this level of phony-baloney outrage. We – and the media – being played. I just don't know who the player is.

    To David who says, re Geitner: "Now he is in the un-regulated position of printing money, no oversight over someone that really needs oversight " – the Fed, not the Treasury, printed off 1 Trillion (with a T) dollars earlier this week. Did you notice? it was reported in the news.

    To Rick: "“Credit Card Debt Default ” and “Banks Financially Terrorize Cardholders” Please report!!" Amen. The biggest story nobody's reporting on. Why the silence?

    March 20, 2009 at 11:39 am |
  5. Stephen

    Interestingly to me are the two different sets of comments I hear in opposition to President Obama... he's "not doing enough" to fix things, and he's "trying to do too much" at the same time.

    How can that be? Or, is it simply another smoke screen to keep us distracted and talking about the wrong things, while wall street and giant financial institutions continue to rob us blind, legally.

    Why is short selling still legal? Why are complex accounting rules that allow companies to hide billions still legal? Why is it still legal for any one company to become large enough and in a position that it can bring down the entire world economy? Why are credit companies like Chase Bank receiving billions of our money to increase the flow of credit, only to be allowed to 1)change the rules of credit to severely punish their existing credit holders (us), and 2)not actually use any of the money to increase the availability of any credit... instead Chase's CEO has stated in recorded calls that they have no intention of using the federal money to increase credit–instead, they plan on profiting at our expense by weakening other smaller financial institutions in an effort to buy them up? How are these things not the top stories?

    Because the people who continue to profit at our expense are the ones telling us what news is important. They shape the discussion so that we don't talk about what's really happening. Anderson, can we shift the conversation to what's really happening, please?

    March 20, 2009 at 11:09 am |
  6. Presley

    President Obama was awesome last night. BOOOOOO to all the h8ers.
    And a little side note as to maybe part of the reason Obama was on there, Jay Leno is coming to the Detroit area to do TWO FREE SHOWS.
    Yes, FREE as in free tickets, free parking, etc....He isn't making a dime.

    And HA! Enjoy the snow NYC!

    XXO ♥

    March 20, 2009 at 11:06 am |
  7. kathy

    Is this show called TMZ or AC360? Out of all the things that President Obama talked about with Jay Leno, why on earth is a remark about his bowling skills making the news. Shame on Anderson Cooper and AC360 for making that the "headline" for the first presidential visit to a late night talk show. President Obama had a lot to say about the economy and what his administration's plan is to fix the problem going forward. That should have been the news – not the special olympics comment that was barely audible.

    March 20, 2009 at 10:49 am |
  8. george

    Good morning everyone,
    i think yesterday on the late-night Obama was as clear as i have ever heard him be. what i liked was that while congress is too busy trying to get the AIG bonus money back, Obama is thinking on how to make laws to prevent it from happening in the future, not just with bailout money but with everyone on wall st. Wall St should be called Vegas of the East Coast...People gambling with our money if they win they get millions if they lose, well, they lose our money not theirs...WOW i think Wall St is a better casino than Vegas will ever have...
    Anyway i think Obama is a president of the people, he is staying in touch with us and i hope he keeps appearing in popular media shows where we keep relating to him instead of just waiting for headlines from the White House...

    March 20, 2009 at 10:44 am |
  9. Michael "C" Lorton, VA

    Retirement--well, that has now become survival of the fittest. We are getting back to "basics."

    March 20, 2009 at 10:37 am |
  10. Rick Calkins

    AC, You speak for the common man: "Credit Card Debt Default " and "Banks Financially Terrorize Cardholders" Please report!!

    March 20, 2009 at 10:28 am |
  11. Sandra Robertson, Ga.

    Good morning Penny. As a young child my family stressed to me if I had nothing nice to say, do not say anything at all, and to live with optimism, not negativity. These times do try my patience, but unlike Cindy, in her sarcasm, I believe there is still hope in diplomacy.
    By sharing, there is hope for the struggling family not able to keep food on the table. By doing what is right, the wrongdoers will be weeded out, after all there is strength in numbers and I believe there is more good in this world than bad.

    March 20, 2009 at 10:00 am |
  12. Michelle D . Fonthill. Ont

    Good Morning Penny

    Wow what an early April fools joke on spring snowing hard in NYC !
    Anderson is back home yeah! Thanks for keeping them honest as allways.I don't know what the big deal is with Pres Obama going on late night T.V. he is not hiding in the white house making secret deals with his cronies .It's tough times and we needed a laugh.

    March 20, 2009 at 9:40 am |
  13. erika

    Good morning! 🙂

    Here is Autumn! But still is the heat of summer! 🙂

    The show yesterday – very insightful thinking about the future of young people who are in college

    University degree is no guarantee of employment. Often the post-graduate diploma is no guarantee, but what have to be clear to young people is that they have to go out well prepared and with extensive theoretical knowledge and, where possible, practical knowledge too.
    The young people have to know that to the best there will not be unemployment. For those who stand out, a place will be guaranteed.

    But the liveblog today was not good for me! I am very upset! My comments only came at the end of the liveblog. I think that's interesting is the debate.
    But today is another day ... we make up! 🙂

    Interesting to know about the work in old age, when compulsory. But that want a lot of attention ... the care and affection to the elderly is serious matter! The people must "demand" that the Government.

    Miami: final day – What a pity! Eu aprendi muito nesses cinco dias.

    Miami is my greatest interest! Miami is for me the American city most “Latin”.

    Bye!!

    March 20, 2009 at 9:34 am |
  14. David Falzarano

    Why, has no one in the media gone after Timothy Geithner? This is a man that failed to pay his Social Security Taxes for 5 years I believe and only paid them when he was appointed the Treasury Secretary of the U.S. To not pay social security taxes has to be a deliberate move on his part since everyone is automatically taxed. Another thing, this man must have understood and read his 1040's before signing them! So we are supposed to believe he never knew this was the case! Now he is in the un-regulated position of printing money, no oversight over someone that really needs oversight since he does appear capable of using honest and good thought when it comes to how he has so far given away OUR money and has no demands for repayment or how they will use the money-we need to know how the money will be used and it should only be used for the specific item it is issued for! I say the media has to stop the Love fest with Obama and start questioning this appointment and hopefully asking Timothy Geithner to resign!!! How do you trust a thief! Yes he is a thief, entitlement seems to be what Geithner is used too himself!

    Anderson, please call this man out!!! We the public need your influence to get Government to watch what they do too! Talk about feeling like they deserve entitlements, congress and the senate act as if they are and they do it all the time, we should have the IRS audit them all and see how many are cheating us!

    March 20, 2009 at 9:33 am |
  15. Mary

    Cindy,

    Get real. At least we know we have a Prseident, after 8 years of Bush hiding in the White House, never showing his face, except to tell us bad news. Case in point, 911 , wars, and Katerina!

    March 20, 2009 at 9:33 am |
  16. Alexander

    Tonight might be a good night for some ol' hot chocolate, hm? I thinks so. We'll use the snow as excuse eh? "Oh, look- it's snowing!- we better have hot chocolate!"

    March 20, 2009 at 9:06 am |
  17. Cindy

    I didn't watch Obama on Leno. Why waste my time? The man needs to be in D.C. working trying to fix our problems not out on TV yucking it up and trying to be a star. Is he going to yuk it up when his plans fail and we are in a depression?

    O WOW..Iran really wants to be friends with us for real! So much so that they had an unmanned drone flying over Iraq that we had to shoot down. Does Obama really think Iran is going to sit down and be truthful with us at all? PLEASE!!

    Cindy..Ga.

    March 20, 2009 at 9:05 am |
  18. Alexander

    Snowing indeed! It was more like rain slash snow mixed together. I didn't know if to bust out the ol' paraplooey or not! It's nice, though. I'm indoors of course.^^ I can see the snow outside the office windows tho.^^

    March 20, 2009 at 9:05 am |