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February 4, 2009

COMING UP ON LKL...

Posted: 08:09 PM ET

Coming up on Larry King Live...

Thursday:

artsuzeormanSuze Orman joins me Thursday to answer all of your personal finance questions.  If you have a question, this is the place to ask it.  The economy has everyone on edge, but there are ways to ease those economic woes, tune in and learn how to weather the storm.

Plus, have you heard the amazing tapes from the U.S. Airways Flight 1549 Hudson River landing?  We'll have them for you, and let you hear the amazingly calm conversation that went on between the Heroes on the plane and the control tower.

It's all coming up at 9pm on CNN!

~ Larry

Filed under: Larry King • Larry King Live


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LKL BP   February 4th, 2009 8:12 pm ET

The answer is in I-News


Mike, Zephyrhills, FL   February 4th, 2009 8:44 pm ET

Mr Trump,

What is your thoughts on the Gambling going on in America today?
States rely on this money , and has become the only hope for many.
It appears to me it is now burdening those who cant afford the practice. Thus long term, I dont see a continued viablity of having gambling as a basis for jobs and revenue. Do you agree?


STOOMZEE.com   February 4th, 2009 8:48 pm ET

What do you think about this idea Donald / Larry?

Dear Mr. President:
Why can't we utilize the Post Office employees time more productively by delivering the mail just once a week (Wednesdays) and then build annexes onto every post office in the country so the employees can have a space to work on new computer related projects to help people through the internt learn to use their computers to receive emails and much more. It could almost be like a special school and the post office workers could learn to be teachers and help the community in great ways?
Kevin McMahon,
Northport, NY
Stoomzee.com


hugh ~ california   February 4th, 2009 8:48 pm ET

If The Donald knows so much how to turn this economy around, why didn't he enlighten us all before wallstreet crumbled? He was probably "banking" on the hope our economy would collapse so he could buy up tons of property on the cheap. I do not believe this man is sincere except when it comes to his billions.


Mike, Zephyrhills, FL   February 4th, 2009 8:49 pm ET

Mr Trump,

90 Million Baby Boomers,

Retiring now and receiving SS and Medicare benefits. They also will not be buying a home, less cars, less everything, etc... This is the largest spending block of consumers in America, any reduction in thier spending will affect the country and recovery time, if ever.

Do you agree?


Mike, Zephyrhills, FL   February 4th, 2009 8:53 pm ET

Mr Trump,

Do you think we need to build it here and buy it here?

We buy from China, they loan us their money w/ Interest. Why not make the money here and save our workers and make it fair again.

Whats wrong with that? They say it is protectionism, I say it is suicide!


Mike, Zephyrhills, FL   February 4th, 2009 8:56 pm ET

Mr Trump,

They talk about getting off foreign oil, stop sending money to the middle east.

So whats the difference of buying everything from China?


STOOMZEE.com   February 4th, 2009 8:59 pm ET

The problem with society when it comes to money is most people don't realize they can get along better and be more happy with a household income of about $50,000 a year, after that income level people in general become less happy and accumulate bigger problems.

Like water finds it's own level – so too will the economy and the markets.

Expect the Stock Market to become abolished and obsolete in the future.

"Bailout if ya get the chance and be happy to have a shirt on your back when this is over!."

The world is going through a transformation of many things at this time and the problems of today will basically be forgotten in ten years.

It's like business at the speed of light,

Northport, NY


BigD BROKE in MINNESOTA   February 4th, 2009 9:02 pm ET

Donald Trump– Do We Need to Re Vamp The Financial System HERE + NOW or just PATCH IT UP???

Are We Eventually + Shortly Going to Implement Marshall Law or have a
Moratorium + KICK THESE FAT CATS OUT!!!


Wanda   February 4th, 2009 9:06 pm ET

THANK YOU PAUL!!!!

P R E S I D E N T O B A M A.......................

It's not Obama...............

Come on Larry, and "other guest"!!!!!!!


BOb Dellacona   February 4th, 2009 9:07 pm ET

Asking Mr Trump about excess – is this a joke? His life is devotedto excess. He is the master of excess. What possible opinion could he offer on this topic that is at all relevant to America. I'd rather have the Pope make suggestions about what type of birth control I should use. Get my drift?
Larry – please no more dumbing down on your show. You are so meaningful to our culture – please make a contribution . Einstein said a problem can't be solved at the same level of conscsiousness that created it. We need new ideas. New people. A back to basics new way of life.


Dustin   February 4th, 2009 9:07 pm ET

I'm sorry but corporate greed needs to stop here. As much as President Obama is sticking it to the guns on Wall Street, he needs to do more at least until the GDP gets better. The economy is as elastic as a rubber band, it goes up and down. But when it goes down it is the President and Congress's responsibility to cap unnecessary benefits until then.


Terrie   February 4th, 2009 9:08 pm ET

Mr. Trump,
What advise would you give to an employee retiring in 2010, who has lost 30 percent of 20 years of savings in her 401K plan? Why should young college grads invest in these plans? How about a bail out for us?


LB   February 4th, 2009 9:09 pm ET

Do we expect people to vote for tax cuts when they don't pay taxes? We need to audit the House and Senate.


STOOMZEE.com   February 4th, 2009 9:09 pm ET

Good points BOb Dellacona!


Mike Brinkman   February 4th, 2009 9:09 pm ET

To follow up on the lady's comment that failures/mistakes should NOT be rewarded, Why is it that we will bail out people who bought way beyond their means. Did they not ALSO make mistakes in how the money in their care was spent? Why is it that the people who were prudent and/or conservative are having their tax dollars BAIL OUT those that bought all the fancy toys and now cannot pay for them?


Kelli from Tampa   February 4th, 2009 9:10 pm ET

Again right on hugh- and I do understand the "visions" HA!


Ammar   February 4th, 2009 9:11 pm ET

Great comment on maybe we don't need direct government spending. Lets start a a bank or monetary fund and institution that will buy the toxic assets. Let's not spend any more money on banks and other financial institutions, manufacturers, or any "zombie" businesses.


ray   February 4th, 2009 9:11 pm ET

I think its odd that Obama, who is supposed to be such a wonderful orator, cannot tell Americans why we should go along with the stimulus, etc.

I think Obama often disappoints. For instance, the inaugaration.
What a shame that he missed such a wonderful opportunity to set an agenda, etc! Why couldnt Obama tell us Americans where he wanted to take us, etc.
Obama is inexperienced and it shows!
He misses so many opportunities to inform and he often seems cold.


terri   February 4th, 2009 9:11 pm ET

I don't understand the finger pointing toward the Republican side regarding the economic crisis we are in. The Democrats are known for wanting all of these government programs that are given to the poor, non-working people of the U.S. When these people were given loans that they did not pay back, and the banks went under, other than personal responsibility, the fault lies on the Democrat side for trying to give to deadbeats.


Dave   February 4th, 2009 9:11 pm ET

I would like to ask each of the guests what their income was last year and what it might be this year.

Slippery slope starting when the President can "set" a wage.

Where were all of these guests before this "bad economy" started? Why did they not warn us earlier?


Carolyne Gould   February 4th, 2009 9:12 pm ET

We can enforce limits on executive pay by not allowing tax deductions on pay and compensation (in any form) that is over a particular threshold. Corporations are not going to give away money or stocks that they cannot deduct from corporate expenses.

Personally, my spouse and I think executive compensation, particularly for non-profit groups, should not be more than 20 times minimum wage.

Carolyne


Kellie Flannery   February 4th, 2009 9:12 pm ET

We need help with student loans! My kids are working and need help paying their loans. Any suggestions or would you like to make a donation>


ray   February 4th, 2009 9:12 pm ET

I dont think Obama's government should set salaries.
Whats next??


Emmett   February 4th, 2009 9:12 pm ET

Why would anyone or entity that wants to borrow that much taxpayer money object to the restrictions attached to the loan? We have to abide by whatever restrictions are attached to credit cards, charge cards, mortgages, etc.


Kathy Shiltz   February 4th, 2009 9:12 pm ET

Is there anyone that thinks that interest rates on credit cards and auto loans should be tax deductible? When Pres Reagan did away with that, people started to tap the equity in their home for the tax deduction which may be part of the problem now.


Penny   February 4th, 2009 9:12 pm ET

Putting a cap on salaries is not the answer – possibly the perks offered, the private planes, and extravagances such as these should be severely revised. The companies should set the salary caps, not the government. The free enterprise system should not be compromised.


Shelly from Minnesota   February 4th, 2009 9:13 pm ET

I'm a middle class american and proud of my new president! Thank goodness someone is taking charge of this country! Why should my tax dollars be given to corporate CEO's? Where are the laws that go after the salaries, freezing of assets and selling of those assets to bail out the failing banks, that in fact were run by these crooked CEO's? We americans are sick and tired of politics as usual. I say good job to President Obama, it's about time we have someone that nows his job. We the people are speaking out. It's time to listen~


NOAH   February 4th, 2009 9:13 pm ET

Larry,
James and Paul are exactly right, I loved the fire truck analogy. I don't know where you found those other two, but they have their head where the sun don't shine.


faye neill   February 4th, 2009 9:13 pm ET

NO WAY, NO HOW, should tax payer dollars be used for executive
bonuses! It's about time someone is doing something about it.
I applaud the President for his decision to cap the pay. It's too
bad the jerks don't have the guts to do the right thing.


Rodger S. Houston Texas   February 4th, 2009 9:13 pm ET

I disagree with limiting executive pay because it smacks of socialism. What I want to know is why he is not also talking about professional atheletes who make 10s of millions of dollars a year. Almost all professional teams take taxpayer dollars in the form of multi-million dollar stadiums that we build for them.


ray   February 4th, 2009 9:14 pm ET

This stimulus nonsense is going to destroy America!


Gisele   February 4th, 2009 9:14 pm ET

Credit Shmedit... My parents lived during the great depression, my father still talks about it, in detail. They bought everything with cash. They worked hard, and I mean hard, and paid cash for their car, paid off their mortgage in just a few years, they worked over-time, and made sure that they could actually afford what they were buying. They could not afford braces for our teeth, there was no medical insurance back then for doctors... it was all cash.... they did not have the money for our college education... we didn't get one. American's are living beyond their means – period. We are greedy, and the bubble has busted for those who have been living on a promise.

I will NEVER again trust any lender after what I have seen. The President and others want to "increase lending". Stop. Teach us to live within our means. If we could've learned anything from the great depression – we should've learned not to depend on the banks.

Gisele
Florida


Donna   February 4th, 2009 9:14 pm ET

Mr Trump, Do you think it would be better to stimulate the states that are struggling the most or all of the states at once? Should the stimulus package be different for each state?


Mario   February 4th, 2009 9:14 pm ET

Regarding the limit on officer compensation for companies that receive bailout monies, the limit is similiar to a financial convenant in loan agreements. This should not be an issue especially since the officers still can receive stock options which will appreciate if the company performs well.

Thank you,
Mario


Sylvain Znack   February 4th, 2009 9:14 pm ET

Hey guys ! IT Is PRESIDENT Obama ! We referred to Bush as PRESIDENT Bush and now I'm hearing republicans on CNN referring to PRESIDENT Obama as Barack or Obama. I think PRESIDENT Obama deserve and should be called PRESIDENT


Ammar   February 4th, 2009 9:14 pm ET

The United States did not get out of the great depression by government expenditure. Let's learn from the world's mistakes and try something else – creating NEW domestic and global EFFECTIVE demand of products.
The stimulus will not let new industries develop. Necessity will. Concentrate on new, small Enterprise Ventures.


Charlotte in Canada   February 4th, 2009 9:14 pm ET

Obama did the right thing re the $500,000.00/year. To answer the question "how do they attract the best people for companies?" Don't let them leave consequence free. Why do they get to quit and move on? Hold them accountable. Don't let the buck break the backs of the employees. He who takes the title, power & salary – pays the price.

Charlotte


kevin   February 4th, 2009 9:14 pm ET

hey larry ,what about the home owners who are not underwater on there payments, I have an average house payment and having a hard time, to pay the bills because of the economy,are we just being shoved under the carpet, please help.......


ray   February 4th, 2009 9:14 pm ET

I like Donald Trump.
I also like Mort Zuckerman.
They are informative.


Rick   February 4th, 2009 9:15 pm ET

I'm a long time fan of of Larry's but I am very disappointed in his repeatedly referring to OUR PRESIDENT as "Obama".


debra   February 4th, 2009 9:15 pm ET

Donald Trump knows that there is quite a difference between flagrant greed and a hard day's work for a good day's pay. He is someone that I look to for inspiration and knowledge. I respect his opinion because he's not taking federal money. When my son who is about to enter college is so discouraged, I point out the real success stories like Trump. Very, very smart man.


STOOMZEE.com   February 4th, 2009 9:15 pm ET

The best thing Americans can do if there in trouble is go Bankrupt, get by with one car, stop buying a lot of unnesessary clothes, jewelry and other stuff and junk you don't really need.

Start over and get back to basics!

Pick up a paint brush and make a living that way if you must – you will better off in the long run and a lot happier along the way.

CONSOLIDATE

Northport, NY


Amanda   February 4th, 2009 9:15 pm ET

I wish that the female conservative panelist (sorry don't know her name) would respect President Obama and refer to him as President Obama. No you didn't vote for him, but respect that fact that he is your president as well as the people who voted for him. I had to do it for President Bush for 8 years, President Obama deserves the same courtesy!!!!


Terrance hutchinson   February 4th, 2009 9:15 pm ET

Hi Larry luv the show, in 1980's the Resolution Trust Corporation, bought all of the foreclosures from the banks, then sold sold them back to the public, why don't they do the same thing now.I


tim   February 4th, 2009 9:16 pm ET

Absolutely! I believe the execs that benefit from a U.S. Gov't. bailout should certainly be capped at 500k salary.

What I would like to see in the "stimulus package" are some "buy american" incentives.


Quentin   February 4th, 2009 9:16 pm ET

Simple fix for the credit crunch:
forget the toxic loans. they happened, they were the banks own fault.

The Q fix:
Under gov loan criteria, government should insure ONLY new loans, forget the old ones. You couldn't hold banks back from lending money.


yuri burgh   February 4th, 2009 9:16 pm ET

It is painfully obvious that your panel of Democrats and Republicans will not agree on anything. Hopefully, both parties see the big picture before things get worse. My kids are starving.


Jane W.   February 4th, 2009 9:17 pm ET

What are the directors of failing companies doing, and why are they approving huge bonuses for failure? Why are the news organizations not shining a spotlight on the failure of directors in exercising their fiscal responsibilities to shareholders?


Louis Panama City,Fl   February 4th, 2009 9:17 pm ET

The capping of executive compensation is ridiculous! What the American people want is for someone to be rewarded for performance, and one SHOULD be rewarded for that. When a company LOSES money, then they should NOT be rewarded for that! Bonuses are for a good job, not for incompetence. Company after company has rewarded CEO's that have lost money during their tenure. Who would'nt want to be rewarded handsomely for failure. Companies should reward CEO's that have accepted TARP money, even if the company loses money, as long as that company is improving!


Kelli from Tampa   February 4th, 2009 9:17 pm ET

Hey here is one (hugh) Wallstreet and greedy Republican's,"You're Fired"
Hugh you can verbally express the visions better than me (I will paint them!)


brad   February 4th, 2009 9:17 pm ET

Our financial system can not funtion without inflation. It doesn't matter what you spend the money on ... as long as they spend it.


Jim Graffrath   February 4th, 2009 9:17 pm ET

I dont understand why no one talks about giving each Tax paying American 30k, instead of putting the money in the hands of big business. big business has not been faithfull to Americans. Wells Fargo wont answer the phone for Lou Dobbs, I bet they would answer the phone, if the road to thier recovery or salvation was in the hands of the consumer instead of the Goverment. If each American had the cash to put into savings, buy cars, take trips, make investments we could get this economy back on track very quickly. this would be the greatest Job creation method. history has shown that we can not depend on big business to do anything but act in their own interest, and protect their own paychecks.


Jaime   February 4th, 2009 9:17 pm ET

I am so sick and tired of being sick and tired of these Republicans in suits. No one wants to say depression. But this is what we are in. Those suits go back to their jaguars and secure lives and do not care 2 cents about the masses. What happened to WE THE PEOPLE? WE THE PEOPLE are the ones that pay their sorry asses.


Sherry   February 4th, 2009 9:17 pm ET

If the Banks won't help stimulate the economy and lend money
to responsible consumers – then why does our gov't continue to
give them taxpayers money?


bill   February 4th, 2009 9:17 pm ET

The Republicans,especially the last administration got us into this mess!
Deregulation on Wall Street... The constant tax cuts for the elite in this country, middle class which is the backbone in this Nation has been taken advantage of... I say where is the PATRIOTISM! The ultra rich are filled with the thirst of greed greed greed!!!!


Jack Kennealy   February 4th, 2009 9:18 pm ET

Mr. Trump, how much of this collapse is simply a consequence of unrestrained greed in the investment banking community, released by a major diminution of business ethics in general?


tim   February 4th, 2009 9:18 pm ET

Donald is right on about the US being taken advantage of by other nations.....(part of the problem).........

I'm still waiting on someone to explain to me how we can spend our way out of this mess, when we manufactured our way to the greatest power in the world.


Rene Jayroe   February 4th, 2009 9:18 pm ET

Obama made all these wonderful promises and snap decisions but the truth of the matter is that he jumped in to the fire with no life line and no way out. Now he has to back track his steps and rethink his decisions to show America he may or may not know what he's doing.


Ben   February 4th, 2009 9:18 pm ET

When I voted for Obama this is not what I voted for! It seems like DC is aiming towards communism. I wanted a tune-up, not an overhaul!


John Galt   February 4th, 2009 9:18 pm ET

I am disgruntled that so many in government repeat the idea that even though government is providing a financial bail out for banks as well as the auto industry, no American wants to see Government setting wages and compensation packages for CEOs or tell these companies how to run their businesses.

Please correct me if I am wrong, but is it not true that Government DOES establish a minium wage and has done so for decades? By setting a minimum wage isn't Government setting wages and telling businesses how to run their operations to some degree?

Wasn't it back in 1976 that Lee Iaccoa ran several television commercials for the Chrysler K cars promoting fuel efficiency and also announcing that as CEO of Chrysler he was acceping a salary of ONE DOLLAR a year because Chyrlser had been in hard economic times and needed front its new line of cars?

Perhaps I am the ONLY American that believes that Government had better be setting wages and compensation for executives who come hat in hand for loans from the Amerian taxpayers. After all, if we go to the bank for a mortgage, our financial house had best be in order or our application for a mortgage will be denied by the very institutions that seem to think the same set of rules should not apply to them.

I appreciate your response.


brad   February 4th, 2009 9:18 pm ET

90 Million Boomers. Just print the money to pay for SS and Medicare. I


TLRasnic, SW VIRGINIA   February 4th, 2009 9:18 pm ET

Larry: I keep hearing these republican s say" government does make jobs, business makes jobs'. Who do they think pays for roads, airports, police, school teachers, GE's jet engines, & all the war materials Bush & Cheney have been buying these past 8 yrs.? It sure wasn't GMC. Also, I recall Mr Trump filed several bankruptcies before his real estate empire finally took off. At one time he owed so much that the banks couldn't let him fail again. Does that sound familiar?


Monica Von Berndt   February 4th, 2009 9:18 pm ET

I am not an economist but as a person living in the mess that was caused by many of these polititions who are objecting to open and accountable finanance practices I applaude President Obama for trying to take this group of people who is a shadow government within our government and give it back to us


Sean   February 4th, 2009 9:19 pm ET

Bail out means loans for companies. Ceos needs to be held accountable for the bail out money that should be using to fix the problems they caused not to give themselfs nice bonuses. They should be criminalized for spending the bail out money wrongly.
Should this happen


Steve Perzan -Philadelphia.,PA   February 4th, 2009 9:19 pm ET

Donald Trump is one of the worst representatives to be talking about the "morality of money." He is a degenerate in that area. Ask when he has made a commitment to construct housing for the middle income families or the lower income families - he creates "high rise ghettoes for the very, very rich." Ask Donald Trump why he has so many bankruptcies?


liz   February 4th, 2009 9:19 pm ET

I heard a rumor that Trump is filing for bankruptcy again, is this true?


ray   February 4th, 2009 9:19 pm ET

Is China getting all the cards in the 21st century?

The sleeper has awoken.
China is regaining the prestige it once had.
Isnt it true, if you forget the 20th century, China was a powerhouse and was always respected.


STOOMZEE.com   February 4th, 2009 9:19 pm ET

DONALD – Try giving yourself away "


STOOMZEE.com   February 4th, 2009 9:20 pm ET

DONALD – Try giving yourself away “

It's a good BOOK...

Northport, NY


ski   February 4th, 2009 9:20 pm ET

how can you even think of giving them 500,000.max from a company that got bailed out,in the real world if you don't perform in your job you get fired not rewarded!!


Rodney Williams   February 4th, 2009 9:20 pm ET

1) Why is no one talking about the fact that the Bush Administration and the Republican Congress gave these problems to the Obama Administration?????????????
2) Has anyone proposed appropriation bills have various classes so that bills designed to fund specific issues (i.e the economy) are not allowed to have funds diverted to un-related issues?


brad   February 4th, 2009 9:20 pm ET

It seems like every recession/depression has been preceded by a government attempt to control inflation. Is that true?


James   February 4th, 2009 9:21 pm ET

the bailout cannot stipulate "buy in America" it sounds great on the surface but it violates international trade agreements.
If the USA stops buying from other countries then other countries do the same. We cannot become isolationists.
On top of all of that it would get tied up in court because the USA went back on their agreement.
It is time people lived within their means.
Housing has been over-priced for years. I think the collapse will turn out to be a good thing.


Clatence   February 4th, 2009 9:21 pm ET

Larry
Sounds to me like President Obama needs Mr.Trump as his financial advisor


Augustine Pokoo   February 4th, 2009 9:21 pm ET

Larry can you please make sure your that your guest address the President with resperct please. Your guest Army should have some respeect for the President of the United States of America


ray   February 4th, 2009 9:21 pm ET

i remember this one Chinaman told me that one of the reasons China fell was because of its buracracy.
Didnt China employ so many people that it became a nightmare?
we Americans better be careful!


Reggie   February 4th, 2009 9:21 pm ET

Why not forgive student loans that are not in default? Now that would be stimulus. It would free up hundreds of dollars per month; money that could be used for mortgages, cars and other consumer items that individuals have been denying themselves to keep up with the rising cost of education. The dichotomy is American workers need education to compete in this new knowledge-based labor market, but the cost is a deterrent. The student loan debt-to-income ratio should be examined.


Courtney   February 4th, 2009 9:22 pm ET

Bad businesses are meant to go out of business. The government should give each person in america 2.million dollars we each pay our debt, we must buy a home and keep the rest that will stimulate the economy.


hugh ~ california   February 4th, 2009 9:22 pm ET

@Kelli from Tampa:
Most of my visions come with reading glasses. 😯


Glenda   February 4th, 2009 9:22 pm ET

I don't understand how Citi, Bank of america and the others can get a bailout and blow the money on themselves and then have the nerve to raise our interest rates to unreal amounts and lower credit limits and then when your credit looks sucky from all this, they tell you that you cannot refinance your home to a lower rate because your credit score is too low. I think we are getting scr-wed twice but I didn't even get a kiss first!
Maybe we the taxpayers who are paying for the bailout to these companies should sue these companies gone amuck for misappropriation of funds!


ray   February 4th, 2009 9:22 pm ET

If I was Obama, I would think that China is a major concern!
CHINA CHINA CHINA!


N.D   February 4th, 2009 9:22 pm ET

I believe that a main reason for the economy fall is the fact that we have immigrants moving over taking all the jobs of the citizens leaving the citizens jobless. If the government would crack down on these things and send them back it would open up a lot of jobs, which would get the U.S people spending again.


Daniel Varadi   February 4th, 2009 9:22 pm ET

I'd like to have the panel tonight address the question of whether "buying American" is a good idea or not.

Thank you


Kelli from Tampa   February 4th, 2009 9:22 pm ET

John Galt- those days are over- these fat cats ARE ADDICTED TO LUXURY... we need to treat them as such (like a Heroin addict). Let them hit bottom.


Lissa in Houston   February 4th, 2009 9:23 pm ET

Put together a team of The Donald, T. Boone Pickens, Obama and Warren Buffett. Get rid of Congress. Done deal. America will be fine.


Chris Jernigan   February 4th, 2009 9:23 pm ET

Why wont politicians take a look at the Fair Tax? It would turn this country around in a heartbeat! They should research it before knocking it as well?


marie   February 4th, 2009 9:23 pm ET

Are there any economist on either the republican or democratic side that is working on this bill? If not does either side bring in economist to help decide what should go in the bill? If the answer is no how in the world do they think that they are making the right decisions? THEY that being republican and democrats need to get advise. Or better yet bring in economist to set down with all of them and give them some ideas to point them in the right direction. We all know why they are filling it full of pork . How stupid do they think the American people are?
Those that are trying to put pork in need to go the next go around.


Louis Panama City,Fl   February 4th, 2009 9:23 pm ET

The board of directors of the companies that are failing should do to the CEO's what Donald Trump would do on his show!(YOUR FIRED!)


Demarcus Hamilton   February 4th, 2009 9:23 pm ET

I dont know why they are making it so difficult. Aside from coming up with a stimulus plan that works, the government needs to limit imports from other countries while increasing the taxes on them, raise exports, encourage the remaining wealthy citizens to vacation domestically, and BUY AMERICAN!!!!


matthewbenzor   February 4th, 2009 9:24 pm ET

Any investagation that the sec has should be looked over by special FBI agents trained in all wallst activity and sec and how it works and operates its investagations with there own offices in the sec building so they track all investagations. train up some special agents just for this use .it will be worth the money to train these great men just for that purpose only just think if there was a office in the building when the whistleblower came to the sec in 2000 they could have ivestagated the investagation. a special FBI task force just for wallst


Mary   February 4th, 2009 9:24 pm ET

I think it is high time the federal government starts to play hard ball! Donald Trump was dead on the money about our country being in a depression; what choice did Washington have BUT to bail out the big boys???

The worst part about all of this is the little people are suffering in ways no one seems to recognize. The elderly, the disabled, the list goes on. I have met so many people out of work... good people that only have their faith to sustain them.

I am looking after my parents, my down syndrome brother, 2 kids in another state in school, 2 kids still at home (one of which is autistic), and my spouse works 2 states away to pay the bills. This is a reality, not a sob story! I know many families in much worse shape than we are, and I would like to know what is so hard to see about getting our country back on track??????


Anabella   February 4th, 2009 9:24 pm ET

Thank you.... I super loved listening to DONALD TRUMP 🙂 🙂
His sincere opinion brings me confidence !! What he thinks matches our point of views !!


Jacques, Raleigh NC   February 4th, 2009 9:24 pm ET

Larry can you please get someone from the bank industry on your show and ask them why oh why are they not lending out money to get this economy moving.


Diana   February 4th, 2009 9:24 pm ET

Do you think that the wall street executives performance will be compromised with less financial incentives?


ray   February 4th, 2009 9:24 pm ET

This stimulus is wrong!
IT IS WRONG!
If you cant swim and our afraid of drowning, FLOAT!
dont do anything, just float or you become scared and then you panic then you drown then you die!!!!!!!

FLOAT AND LIVE!


Youridol   February 4th, 2009 9:24 pm ET

The main problem with the economy is the housing market. They need to solve this before anything. It is as simple as A B C, THE HOUSING MARKET.


V.B.Somasundaram   February 4th, 2009 9:24 pm ET

Humans are greedy by nature. Reagan made a blunder in removing all the checks and balances though at that time we all felt that is the right thing to do. Obama is right in capping the CEOs salaries. He is not controlling them but he is only putting the cap for the money the comapany is getting from the government, and that too untill they pay back all the money.


Cindy   February 4th, 2009 9:24 pm ET

I am a single parent and have been unemployed since November 30
I have money in a 401K. We need the government to allow us to access our 401K money without penalties during times of high unemployment.


brad   February 4th, 2009 9:24 pm ET

The crisis is affecting me by making everything cheaper. Why does the governent like to keep prices high?


Maxine Gibson   February 4th, 2009 9:24 pm ET

Hi Larry,

I am emailing from Canada, and my comment is about those who were working contract jobs being paid hourly without paying into unemployment benefits, they have also lost their jobs and not eligible for unemployment and they too can't find jobs. Is there any stimulus for them because in the first place companies were not hiring on payroll and they had no choice.


katy   February 4th, 2009 9:25 pm ET

donald trump ......he hit the nail on the head........lets face it ...we are doooooombed 😦


STOOMZEE.com   February 4th, 2009 9:25 pm ET

People are maturing and realizing how much wasteful spending we do in our everyday lifes.
Nobody cares about fancy new cars any more – just give me a toyota camery – best selling car in America and I'll be just fine.

To many products in the world today – no demand!


Amanda   February 4th, 2009 9:25 pm ET

I appreciate Trumps comments on the economic situation; but perhaps he could put his knowledge to work in building some affordable housing.


Sharon Harris   February 4th, 2009 9:25 pm ET

Larry,
My friends and I from MICHIGAN (one of the hardest hit states) have a great idea!
Why doesn't the government give each family behind in their mortgage or creditors $10,000 with the catch that they must use it to catch up their mortgage (save their home) or pay off their debt. This would pay the banks back but funnel the money through the consumer first. This should also stimulate new spending because consumer confidence and credit scores will increase.
Is this too simple for the Congress???


ds   February 4th, 2009 9:25 pm ET

Dear Larry,
From a realtors pt of view:
Pls ask Donald Trump and panel: what is the key to getting the banks to loosen up the credit? Can someone get to Wa. DC and make a difference in the results??If they can't build it into the bailout plans, then how??
Also, from a realtor's pt of view: there are multiple, thousands, of 'short sales', the banks are holding. It is taking months, as in 7-8 months, to get a bank to respond to a offers on short sales. How can the inventory move more quickly, how can the banks, or what suggestions can be given to Wa.D.C. to get the banks to respond to offers on these short sales? Otherwise, you have thousands of homes stagnant on the mkt.
Thx.


kathy koplen   February 4th, 2009 9:25 pm ET

1990 bailout! 2009 bailout !
Republicans and Democrats have had 20 years to regulate the financial industry to control the looting.

When will corporate welfare stop with taxpayers money?


Jennifer   February 4th, 2009 9:25 pm ET

why would you ask the opinion of a man that has declared bankruptcy on more than one occasion? I am referring to Donald Trump.


Crayton Jones   February 4th, 2009 9:25 pm ET

Donald Trump is one of America's best businessmen and he's absolutely right about greed, stupidity and recklessness. We can't go to other countries and set up businesses and own property. We have got to change our ways. If Donald can pass the clearance test to be part of the Obama administration he should be given a cabinet post. Secretary of Commerce would have been perfect for him.

Crayton Jones
Las Vegas, Nevada


allen   February 4th, 2009 9:25 pm ET

I must say i agree totaly with donald trump in my opinion i think opec is to blame for the devistation of our economy


Rene in Phila., MS   February 4th, 2009 9:25 pm ET

Another Stimulus Package? How can a nation that is deeply in debt pay out another, yet supossedly hefty, stimulus check if it has no funds to handle all the other financial problems that are on going?
There seems to be no sense to Obama's decision for handing out another Stimulus Check. Does he want us as a nation to go further in debt or possible depression or is he going to wake up and do as he stated and try to get us OUT of this mess?


ray   February 4th, 2009 9:25 pm ET

If obama wants the stimulus so much, WHY CANT HE TELL US WHY??????????

Obama wants a trillion and average Americans cant say why Obama wants this!!!
Obama is a fool!!!!!!!!!!
WHY DO WE NEED A STIMULUS!!!
WHY?
TELL US!


Glenna Scott   February 4th, 2009 9:26 pm ET

Why is it ok to tell the American auto workers how much money they should/shouldn't make but,not ok to regulate Wall Streets big honchos?


Jen   February 4th, 2009 9:26 pm ET

I must agree with Donald Trump in that the bail out funds that were issued to the banks are not being used to help homeowners. These funds were to be used to help people that are upside down in their homes, inadjustable loans...Hope for Homeownership is not doing any of these. The number leads you to a lender that wants to refinance your house. How can you refinance if you have lost your job, have been cut hours or worse your house is worth half of what you paid for it because of foreclosures and over growth. You are told to call your bank and they will help you and that is just not true. Many people are calling their banks and begging for lower payments to save their homes and the banks won't even talk to you unless you are 3 months down on your mortgage...when you feel hopeless and you are so in the hole you can't catch up. Lender are not wanting to lend and they are making it impossible for folks trying to buy up foreclosures.


James   February 4th, 2009 9:26 pm ET

why is Trump even on this panel?
go hawk some steaks on QFC!!!


Kathy Cholod   February 4th, 2009 9:26 pm ET

Larry:

Do you realize that your nation is in Critical Conditions, You MIUST change things around. America has become an IMPORT nations not

an Export bussiness, Do you have any Industries left? You only have
Service Industry. You must Protect your home industries, By Tariffs if necessary, You need to create a level playing field. China and India
have risen in proportion to your Loss.

Why are you so Blind to all that is happening, Yes, I agree with Donald Trump you have become a whipping boy.

Your Steel industry and so many other industries are gone because you let in that cheap Steel and goods. When the playing field is

not level, They can compete but on a level playing field. Thats Fair. The other countries will yell but they are only looking after their interestes.

I am a Canadian and I say the world needs a Strong Productive America.

Your Governments must work for your country. Multi-Nationals talk up

Globilaztion, Free access to markets FOR THEM.. It dose not care if Countries are Ravaged.

Wake Up America, You can't be a world leader and help nations if you are Weak and Broken.

Why did no one stop Cheney the Evil one who saw more jobs leave your shores than any other Government.

Some of your so called experts are BLIND, and this is NO TIME for Partician polotics.

The Republicans are all for the Multi-Nationals

A Very Concerened person.

Make America great again, A nation that takes care of its people first


Paula Danylchuk   February 4th, 2009 9:26 pm ET

A few months ago my husband and I lost our small business due to the severe down turn in the economy. Today we closed escrow on our house – sold short in order to avoid foreclosure. Our credit, previously in the high 700s, is now ruined. We are credit worthy people that got caugh up in this mess. Why doesn't anyone talk about the possibility of having the credit bureaus take a "human" look at situations like ours and handle our credit score accordingly? Since it's obvious that the so called "bail out money" is not hitting main stream... maybe taking a look at changing the credit bureaus' policies could actually benefit mainstream ...


Ruth Smith - Virginia   February 4th, 2009 9:26 pm ET

I don't need Donald Trump or anyone else to tell me what needs to be done to fix this economic mess. We need to manufacture products in the USA and limit products from foreign countries. DUH!!! - Products made in our country will create jobs - a rude awakening for me came this past Christmas - I brought Christmas presents from well know stores, one being Macy's - as I wrapped my gifts I checked to see where each item was made, it was China and India - we need to do whatever it takes to to get back to "MADE IN AMERICA."


m. Sclafani   February 4th, 2009 9:26 pm ET

Larry,
What if all the banks and mortgage lenders that receive bail out funds are mandated to reduce existing mortgage rates to 1 or 2%.THis would cut monthly premiums around 50%. THis would allow people to continue to make their monthly payments, stay in their homes and be less likely to foreclose. Also, this would allow people to have more expendable cash to spend thus stimulating the economy. Perhaps purchase a new car, or take a vacation helping our the auto and airline industry. If I had an extra $1000/per month I would perhaps save 1/2 and spend 1/2. Why isn't anyone considering this option?


Jean   February 4th, 2009 9:26 pm ET

For the last eight years this country has been told that reduction in government spending and huge tax cuts are the answer to the economy. However, these were not successful tools. The Republicans had no solutions and as soon as a new President comes into office, they suddenly have the answer.

Is it possible Larry, that your panel could have the respect to call Mr Obama , President. When President Bush was in office, I did not hear Larry Elder calling him "Bush" and the same goes for the Independent conservative panelist presently on your show.


Susan Wallace   February 4th, 2009 9:26 pm ET

I think we need a business man in the White House. WIth the direction Obama is taking us, in four years we may be a business and not a country. I would like to nominate Donald Trump for President in 2012.


E. Aubrey   February 4th, 2009 9:26 pm ET

Most everybody in the show says Obama when talking about the President.... Shouldn't they say President Obama or at least Mr. Obama... He is the President after all


Nishan Urkumyan   February 4th, 2009 9:26 pm ET

Yes, Donald trump is 100% right what he said about the financial institutions and their bonanza on bailout with our tax dollars. One more thing I shall add to this is banks are ripping off the tax payers more. Since we gave them tax bailout dollars, why they are allowed to raise our credit card interest rates to 30% where we have over 700 FICO, never been late, never missed a payment. This is outrages. Obama adminitration is doing everything to stimulate the economy, bailing out the banks, on the other hand the banks are doing everything to fail the economy with their unreasonable interest hikes.


Grant DuBridge   February 4th, 2009 9:26 pm ET

I have been saying for along time that these CEOs and other heads of companies are getting way to much in pay. They should get no pay for the time period they are getting help. If they quit, so be it.


W.R.Endicott   February 4th, 2009 9:26 pm ET

Is it in any way possible to retroactively impose the Presidents
salary restrictions oncompanies that received funs from the
original bailout...Thanks...


Mark   February 4th, 2009 9:26 pm ET

When will the world get it and especially the U.S.. Socialism, Marxism, Communism all didn't seem to work and neither does Capitalism. You cannot base an infinite system on a finite society so shouldn't we be looking at some sort of blend and create another system????????


hugh ~ california   February 4th, 2009 9:26 pm ET

@Kelli from Tampa:
Isn't Wallstreet now on Welfare? Helping the needy is called socialism, but for the wealth it's capitalism! Go figure!


Elisa Claassen   February 4th, 2009 9:26 pm ET

Larry,
It seems to me that our country is seeing a further divide developing between those "who have" and those "who have not." It seems that there is less of a Middle Class these days. Does your panel have any thoughts on this?

comment a prices: I also think that more businesses might profit, in the long run, if they chose to lower their prices and rates so that more people will be able to purchase or use their services...rather than less. Case in point: Prices at movie theatres. Our area has matinees for $7.50 - for movies that start before 4 p.m. They should lower their prices.

Elisa
Nooksack, Washington


brad   February 4th, 2009 9:26 pm ET

FDR did fail. Price go down quality goes up... it's nature... why is that bad?


betty moore   February 4th, 2009 9:26 pm ET

I am so tired of the complaints about the bonues that the greedy bank execs have gotten..our leaders were too dumb to make sure that didn't happen at the time when they freely gave away taxpayer money...I am tired of hearing about all of the greed and waste of our government at taxpayers expense...the money spent and stolen at the expense of the wars that we are involved in..what are we going to do about the dumb decisions that our elected officials seem to be making over and over again...I NEED SOME BAILOUT from all of this MESS!


RON   February 4th, 2009 9:27 pm ET

LARRY
UNTIL THE BANKS START LENDING MONEY AGAIN WE WILL STAY RIGHT WHERE WERE AT. PEOPLE THAT HAVE JOBS CAN'T
GET LOANS. THE BANKS MADE THEIR OWN MISTAKES NOW THEY ARE STUCK WITH IT AND MOVE ON. MANY PEOPLE LIKE ME THAT DIDN'T GO OVER THEIR BUDGETS ARE GOING TO SUFFER. THE
BUSH ADMINSTRATION LET THE SITUATION GET MUCH WORSE
AND THE SIMPLE INNOCIENT PEOPLE WILL SUFFER.


michael   February 4th, 2009 9:27 pm ET

Mr. King,

The stimulus plan is far worse than people are saying. I predicted the housing bust 8 years ago. I also told many economist friends that this country will go into a depression by the latter part of 09. The world will follow. Why, because everyone bought into the housing market hoopla. It was like the pyramid game people played in the 1990's. The people who got into it first made a lot of money, below them was just air. This is what happedned to housing and real estate. All of our money turned to empty air. The trend went around the world and now the world economies are on the verge of colapse. On top of this all of our infrastructure industries have failed as well. We can't keep up with labor costs from countries like China and Brasil. So all our money is going out and nothing is coming in. Eventually you run dry, this is what happened.


ray   February 4th, 2009 9:27 pm ET

Geithner is a fraud!
The fates are upset!
Geithner is a schmuck!
the head of the irs doesnt pay taxes!
what a symbol!
tsk tsk tsk!!!!!!!!!


Lyn from New York City   February 4th, 2009 9:27 pm ET

Hi Larry;

I'm retiring in two years, and will receive a lump sum in retirement payout. I do not trust the markets where can I stash my money and continue to get the tax write-off benefits


Mitzi   February 4th, 2009 9:27 pm ET

Please explain the logic to me:

FEDERAL FUNDING WITH NO-NO'S ATTACHED:
Federal Aid for Non-Governmental Organziations in Africa:
No funds for you if you hand out contraceptives or provide family-planning advice.

FEDERAL FUNDS WITH NO-HOLDS BARRED:
Billion $$ given to Banks:
We may not like what you do with the taxpayers' money, but we have no right to say anything about how you spend the money. But we really, really wish you would lend some of it to somebody. And, if we ask you nicely, would you please scale back your CEOs' bonuses.?


Dodie from CA   February 4th, 2009 9:27 pm ET

LARRY!

lets make a Federal Bank that will loan money. Why continue to give money to banks who either hold it or use it to their own benefit.


Elaine   February 4th, 2009 9:27 pm ET

With all the discussion around the stimulus package, why isn't there discussion about welfare reform? I'm amazed at the number of immigrants that have come to America and immediately eligible for welfare, medical and food stamp programs.


STOOMZEE.com   February 4th, 2009 9:27 pm ET

Not only is the Financial System obsolete – but the Government is also obsolete.

Hold onto your HAT if ya still got one!!!


from realtors pt of view   February 4th, 2009 9:27 pm ET

Dear Larry,
From a realtors pt of view:
there are multiple, thousands, of ’short sales’, the banks are holding. It is taking months, as in 7-8 months, to get a bank to respond to a offers on short sales. How can the inventory move more quickly, how can the banks, or what suggestions can be given to Wa.D.C. to get the banks to respond to offers on these short sales? Otherwise, you have thousands of homes stagnant on the mkt.
Thx.
Pls ask Donald Trump and panel: what is the key to getting the banks to loosen up the credit? Can someone get to Wa. DC and make a difference in the results??If they can’t build it into the bailout plans, then how??


change in my pocket   February 4th, 2009 9:27 pm ET

Bush didn't bring us here,,, it was clinton,

spending does not create jobs!!! TOO MUCH PORK IN this bill!!


GAUTIER KAZI, Atlanta, Ga   February 4th, 2009 9:28 pm ET

Trump is right. We can not keep inflating those CEOs-Capone's stomach with taxpayers' money. It is as clear as the nose in middle of the face that they failed. If those jacks refuse the pay grade cap, then they have to hit the road. I heard Venezuela, Congo and Bolivia are hiring CEOs.


Carlene   February 4th, 2009 9:28 pm ET

All respect to President Barrack Obama. My President! What I would like to know Larry is all these people that have questions and suggestions about what obama should do or is not doing where were they for the past 8 years. Its just about 2wks now and they expect him to move the world. Yes he said change but he did not say in one day. Also the country is in its worse shape ever so why these people think he can do it in 2wks. No one could talk to the former president at least this one is giving people a chance to talk. If the republican's do not want to work with him they need to get with it and face the fact that Obama is president. No one could talk to the former president so what is the problem at least people can talk to this president. The republicans so want him to fail that they can't see that if he fails all fails. Republican bring america to this an thats the bottom line. He is trying to fix america he did not mess up america.


Youridol   February 4th, 2009 9:28 pm ET

This is ridiculous. Did i hear that the NEW DEAL FAILED.... did it really fail..hmmmmmmm. I need to be invited to Larry King Live


Steve B   February 4th, 2009 9:29 pm ET

Why not give a tax decuction on all purchases of $100 or more?
If someone buys a $25,000 car, they can deduct that from their taxes. This would avoid money being wasted....money will go directly into the economy.


Dodie from CA   February 4th, 2009 9:29 pm ET

now watch the OIL prices go up! They are so predictible! I bet it will be at $5 a gallon by Summer. This is NOT supply and demand! This is GREED by the oil companies!


Angie   February 4th, 2009 9:29 pm ET

This is the time for all parties to work together and comes up with a plan that will work for American people. The problems is the stupidity of so called "educated executive of the company" that are screwed up. How about those high interest on the credit card and student loans, now we as students or single parent do need a break too.


gloria lewis   February 4th, 2009 9:29 pm ET

Larry people like trump makes me sich ,yes he is buying up properties at a fraction and he is so happy about that yet he says the economy is a mess people like him and all the selfish greedy people are the ones that created this mess ,These investors billionaires ,need to help the economy and the president .Lowerclass people do not own the bussiness but we all spend our money in these establishments .
Larry you and all the other reporters need to pay more attention to the average person even with all this mess .The same people keep ing getting the spotlight .I am telling america fasten your seat belts bailout or not this country is going down like the titanic by the end of may it will be a diaster .I said this almost 3 years ago this was coming no one would listen including cnn and the white house i wonder does the media really care or does this give the networks more to talk about .


diana   February 4th, 2009 9:29 pm ET

My husband is a graduate from a top Grad school. He's black. We are unemployed and we are living in the south. We have been unemployed for sometime now and we have 4 kids to take care of. We sold our house to relocate and once we came-they let my husband go. We have no relatives, no friends, and we don't have any prospects. We are also living in the most hateful area for race relations in this country. We can't find jobs! We are renting and we are going to run out of money soon! Where do we go! What do we do. We have no insurance, We are running out of money! Obama's election gives us hope, but race relations have worsened since he has won. White males are taking care of their friends and leaving everyone else out. Women, men of color and younger white men are being left out.


mrpam   February 4th, 2009 9:29 pm ET

Families living in rural America are hurting , once companies started pulling factories out of America and into other countries, the government should have stepped in and promote keeping jobs in America , but they didn't. So we have lost so many factory jobs and than were left with the unlivable minimum wage and no insurance , the American dream is now just to survive and make the monthly bills and hope we don't have to go to the doctors. So to hear somebody is being " docked " down to a mere $500,000.00 , please.... Try living on part time wages of $7.25 an hour, than you can cry.


Grant DuBridge   February 4th, 2009 9:29 pm ET

There are huge amounts of Americans that need to stop worrying about other countries and concentrate on being American and supporting America. Stop buying products made in China and look for American made omly.


Jen   February 4th, 2009 9:29 pm ET

Also, can we use the $100,000 that is being used to redecorate the White House and help out public schools in Florida...Now, kids are being sent in to the gym in groups to sit because they can't afford to pay substitute teachers...what a joke.


ray   February 4th, 2009 9:29 pm ET

dont states have LOTTOS for education????
where does that money go???????????????

YOU PEOPLE LIE!!!
WHERE DOES THE MONEY GO???
how many years, how much money did americans spend buying lotto, and gambling, etc!!!
THIS IS A CON!!!
ONCE AGAIN, THE LIES THE FRAUD!!
education is a joke!
do they ever see all that money collected?/

just like highways? dont we Americans have tolls, etc?
where is that money?????


mark ratayczak   February 4th, 2009 9:29 pm ET

what do you think we shoulde be doing right now shoulde we be saving every penny are go out a spend money dont really know if you dont spend you just putting more out of work but if you do you might be hurting yourself..


Nitin Sharma   February 4th, 2009 9:29 pm ET

What's the point of capping compensation for the current executives who are struggling to clean up the mess left behind by the predecessors? Why penalize them?

What needs to be done is a clawback of the hundreds of millions of dollars in compensation that the likes of Stan O'Neal and Chuck Prince in banking, and the likes of Bob Nardelli (Home Depot and now Chrysler) took off the table in the years gone by.


Jason   February 4th, 2009 9:29 pm ET

Larry,

Plain and simple – If I do not have a job, how are tax cuts going to help me?

Any light shed on this topic would be greatly appreciated.


V.B.Somasundaram   February 4th, 2009 9:30 pm ET

Keep the blue collar jobs in USA. They are the people who build America. The rich will say, if you protect low paying jobs, high paying jobs will evaprate! Nonsense. If there is no blue collar jobs, there is no America!


bruce newhouse   February 4th, 2009 9:30 pm ET

I am so sick of DC and its proponents. The blame game is old it is time for answers. We all have an opinion on who is to blame but we dont give a damn going forward GET THIS FIXED you have the power to do so. Chastise those who stand in the way. No one is worth the kind of money that is being talked about. And damn it ADMIT WE ARE A GREEDY SOCIETY AND IT IS KILLING US ALL OF US. We need to work together rich and poor alike. White Black Asian it makes no differance we are all concerned. But we have no VOICE YOU DO.


Shawna Stovall   February 4th, 2009 9:30 pm ET

First, Why do most Americans keep calling the President by his name? Give him the respect that one would afford to the former presidents of this country.
On the economy...We are in a mess!!! Everyone has their views yet are theirs any better than the Presidents or the democratic party and what they are trying to offer. Do we wait until the ship sinks and then say,we should have done this or that. Let us all take the blinders off and realize that we are ultimately in this together..


George in Atlanta   February 4th, 2009 9:30 pm ET

Your guests "Amy " and "Larry Elder" have no respect for our president. Why do you and others keep inviting them to your shows? Can't you get better guests? They make us as black people look bad. They are not informed. Donald 's comments are right on.


Brian   February 4th, 2009 9:30 pm ET

I am all for some kind of package but with some common cense. If the people ar 2/3 of the economy than that is what you should get going again, forget tax breaks for bussiness and get the money in the hands of the people. It does no good for to give a break to buisness if they is no one there to buy their products. They wont be able to hire or creat jobs if there is no money from the people (BOTTOM UP IS THE WAY TO GO)


Arrah Carr   February 4th, 2009 9:30 pm ET

Trump is right. They should fail. Scrap the bailout and make the money available to private banks from around the states and to credit uninons or direct to business.

Local banks have better access to the information on borrowers and their local business needs.

If they are responsible for the money they will screen the loan requests carefully. They need to make a profit as well.

My daughter cut up all cards to companies begging baleouts like bank of America and Wells Fargo. Good idea. Boycotts on those business will show them that America is waking up and paying more attention to politics.


Bernie Fotsch   February 4th, 2009 9:30 pm ET

words of a life long republican who had to vote for Obama. We suffer today because of big business, banks and Republican politicians. The present President was elected by us (the people). Get Off His Back and Let Him Clean Up the Mess You Made!!!!!!!!!!!!!!!

Thank You
Bernie Fotsch
Texas


Ellen Kaufman   February 4th, 2009 9:30 pm ET

I cannot understand why these great minds cannot find out how to run this economy & tell these big shots how to run their companies.. Don't give these companies the money out right, but have the government write the checks. I am all for a freeze on bonuses and pay increases. Not until the big shots prove they can run a company and if they cannot out they go. They do not deserve any extras and they need to suffer just like the common folk. I think Obama is doing a wonderful job. He is on the right track. We need to get people back to work so that they don't have the time to start having health problems and start bad habits and some to get into trouble.
Ellen, from Ohio


Kelli from Tampa   February 4th, 2009 9:30 pm ET

I just do not understand how we can be 5 months in to this mess and Republican's are either in denial, do not care about anyone but themselves, or trying to cover up their own dirty dealings.
(hugh don't feel bad since I hit 40 I have the bifocals...take them off when the visions come though!)


Betty Ann Porter   February 4th, 2009 9:30 pm ET

All the jobs going over seas is why we are having problems today. It is just catching up to us. What bank will loan me money i am on unempoyment. Bring our jobs back now please!


Srini From Orlando   February 4th, 2009 9:30 pm ET

I have been listening to the Obama Speeches and others Economists and media, but none of them talk about lowering the Corporate taxes, as US is one of the countries having higest corporate taxes.


change in my pocket   February 4th, 2009 9:30 pm ET

ALL this is is fear tacticc to pass the biggest SOCIALIST government takeover of private business.

Why are millions of dollars spent on projects such as STD prevention, convert hybrids to electric cars, money for "global warming research"???? are you kidding.

ALL THIS IS, IS TAX AND SPEND LIBERALS


STOOMZEE.com   February 4th, 2009 9:30 pm ET

Ask not what you can do for you COUNTRY –

but what you can do for YOURSELF –

Because if you help yourself – you will in effect – help your Country and the WORLD...

Northport,
NY


Tony   February 4th, 2009 9:30 pm ET

The New Deal lowered the unemployment rate from 20% to 10%.

It would have done more if FDR didn't listen to the conservative and curtailed spending. But ultimately, it was more government spending in the form of WWII that pulled us out. Just as then, we need heavy government spending now or the economy is going to spiral deeper into a depression.


Paul, California   February 4th, 2009 9:31 pm ET

When will the Republicans realize that "Trickle Down" Economics do not work. We have been trickled down to death. We DO need MIDDLE CLASS tax cuts and an efficient stimulus package with JUST stimulus. No pork, no special deals. Tax Cuts, Work projects (and the New Deal DID work putting people to work then and now), Infrastructure projects and investing in the United States.


judy gold   February 4th, 2009 9:31 pm ET

Yesterday my son got a letter from AMEX saying they were closing his credit card because of info they received about his credit. He was apalled, he has a ZERO balance and hasn't used the card in over a year. HE ONLY OWES $600.00 IN OTHERCREDIT CARD DEBT.He had a $8,000 credit line. He questioned them about what info they got and they had no proof to give him. He ask them how many times he was late and they replied NEVER!
They said they can do whatever they want to do. The credit card companies are cutting peoples lines and this effects peoples credit rating. He wanted the persons supervisor and they would not give him that info either. The honest hard working middle class people are getting screwed by the banks!! WE NEED HELP FROM OUR LEGISLATORS NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I reccomend that everyone cancel their AMEX card, I just did.


Dodie from CA   February 4th, 2009 9:31 pm ET

Stoomzee! YES! We are obsolete! Capitalism at its worst! and will end up creating a 2 class system


Sherry   February 4th, 2009 9:31 pm ET

Former Secretary of Treasurer (Henry Paulson), rushed to get a
700Billion dollar bill passed and NO ONE knows where this money
went??! I tell you it went into the pockets of Henry Paulsons' cronies!!

It's all Politics!!

The Repub party is dragging their feet – hoping President Obama
fails. Put politics aside and let's get America on it's feet again.

Stop the madness...


Jim T Screechy   February 4th, 2009 9:31 pm ET

1) All ceo compensation should be tied to performance
2) All companies should have to repatriate out-sourced jobs, or have to pay a premium per month for those worker visas. Why should we bolster the Indian economy?
3) Cease and sesist to support ALL countries that do not contribute to the cost of that support in some way, ESPECIALLY those with surplus economies.


ray   February 4th, 2009 9:31 pm ET

this so-called economic 9/11 is a Democrat tactic i am suspecting!
why spend money for std's, contraception, NEA?
FRAUD!!!!


brad   February 4th, 2009 9:31 pm ET

It's kind of strange. Inflating our dollar reduces our Real Wages so we can compete with China. Let it roll.


Carlene Canada   February 4th, 2009 9:31 pm ET

Dick cheney you did your time.


James (Ontario)   February 4th, 2009 9:31 pm ET

President Obama,

Is a very smart men, he learn fast and he can see that Republican are playing dirty. Everyone Conservative are now a scholar and has the solution on how to fix this economy mess. President Obama gave Republican a chance to be part of this stimulus package and try to give them a voice. They are taking it for granted and they will soon realize to get on board with the President or be left out.


gretcheno   February 4th, 2009 9:31 pm ET

Why is Cheney doing any talking, he sat in as Vice President for eight years with out a peep. So guess what I could care less what he has to say.


Grant DuBridge   February 4th, 2009 9:31 pm ET

There are some problems with stopping purchases that are in process with companies being bailed out. How many Airplane builders will be layed off because of the canceled orders?


Joyce Cosentino   February 4th, 2009 9:31 pm ET

I just watched the Donald Trump portion of Larry King's show. All I can say, it is no wonder Donald Trump is as successful as he is. He is not only one of the shrewdest individuals I have watched along the way, but is what my "dream come true" President Barach Obama needs on the team.

Some people are very critical of Donald T., but I have always admired his obvious practicality in success. Yes, he has had his hard times, but confidence, intelligence and determination is why he is so successful.

Thank you, Donald Trump, for your candid and right approach to what must be done.


Hud   February 4th, 2009 9:31 pm ET

They are giving these bumbs big bonuses for doing nothing. They need to be giving the door. Stoomzee.com this is 2009 not 1929 you are living in the past.


BJ   February 4th, 2009 9:32 pm ET

Larry, I love your show, but the media needs to set a better example when they refer to our president. He is not Obama , or Barack or Mr. Obama. He is President Obama or Mr. President when addressing him directly. I am sure you already know that. Let's show him the respect he is due.


change in my pocket   February 4th, 2009 9:32 pm ET

EARTH TO Q BALL,,,, there were no attacks in 8 years you commie


Fed Up   February 4th, 2009 9:32 pm ET

If Larry whoever believes what he says, his job should be outsourced, taken by a legal immigrant, or taken by an illegal immigrant. His next job can pay 1/2 to 1/3 of what he is making now. See how he likes his own policies now.


Kelli from Tampa   February 4th, 2009 9:32 pm ET

Thanks James – a Republican reality PINCH would be appropriate.


rafael quintero   February 4th, 2009 9:32 pm ET

what I don't understand is the fact that the republicans took office 8 years ago and inherited a surplus from the democrats and in 8 years they managed to create one of, if not the, biggest deficit in American history, and now that a new democratic government is trying to undo the damage, just as President Clinton did, all republicans, especially the conservatives, are saying that president Obama's policies are wrong. How can they even think of criticizing what the democrats are trying to do to get us out of the mess they've put us in?,,, how dare they?, don't they think they've done enough damage to our country, both politically and financially in the past 8 years?. My God, are they so blind that they rather see the USA become a third world country economically than to see the Democrats bring us out of the deep hole they dug us in?


Andrew J. Dowd MD   February 4th, 2009 9:32 pm ET

When will the same sort of scrutiny with regard to executive compenation come to health care executives such as those at Unhited Health-why not pass this excess profit to consumers and providers- pie in the sky


JW Vaughn   February 4th, 2009 9:32 pm ET

Just finished watching No Bias No Bull. If there was a National News Station that promised not to even mention Rush Limbutt's name I would gladly switch to that station. He has his own radio station– if someone wants to listen to him...I sure don't.


hugh ~ california   February 4th, 2009 9:33 pm ET

The Donald is just trying to plug his new Apprentice with the Stars show. I hope some day a TV executive tells Trump his own famous last words, "You're Fired!"


michael   February 4th, 2009 9:33 pm ET

To follow up to my previous comment, unions are the demise of US and Canadian manufacturing. What business owner can pay $30 plus per hour and all the benefits and compete with China who pays it's employees $300 a month. Obama is trying to pro up these unions but it will just bring this country down. We need to reinvent manufacturing, deflate house values and devalue Chinese currency to compete. There are two problems, we sold our debt to China so China expects us to buy from them. Walmart wants you to believe you are saving money buying from them but all there products are chinese. We are basically giving our children's future to China.


James   February 4th, 2009 9:33 pm ET

Are you kidding? Trump and people like him are going to make a killing when this economy rebounds.
stocks, real estate, etc. they are all way way down...they come in...scoop em up....in 5 years make billions.
BOO HOO Trump!!!


Lydiai   February 4th, 2009 9:33 pm ET

Larry,

How do tax cuts help business when there is no demand for their products and how do they help the growing number of unemployed?


Nicolaas   February 4th, 2009 9:33 pm ET

Bail-outs for Health Care:

You should be addressing the issue of bail-outs and the health-care industry!

Bail-outs for the car industry, the pornography industry (even if it is a joke, it brings the point across!), and many others are being discussed – what about health care bail-outs??? Large health care companies/hospital owners are hemorrhaging financially – take Tenet Healthcare for example – large scale lay-offs, drop in employer 401K contributions, reduction in employee benefits.

If our health care industry and the access to health care cannot survive – how will the country? 15, 000 jobs are going out the door per day – thus 15,000 people’s access to health care too! People cannot afford to go to the doctor or hospitals. Hospital’s census has dropped dramatically, thus affecting the bottom line.

The only probable “good thing” within this very “bad” situation, is that it will bring about a National Health Care System sooner or later!!! – the country will have to start taking care of their jobless, uninsured citizens.


Mary   February 4th, 2009 9:33 pm ET

What is it that is so hard for these people to understand? People don't have jobs, people are losing their retirement, people don't have capital gains or retirement accounts. That don't even have money to pay their heat bill or put gas in their car so they can look for a job! These people are talking about cutting capital gains taxes and taxes on small businee. Who exactly do they they think is going to buy from those small businesses? What good do cuts in capital gains do the ordinary person without a job? The Republicans are just idiots and they have no idea what the real world is like.


ray   February 4th, 2009 9:33 pm ET

if we arent careful, the only answer to this problem will be the answer to the 30s problem!!!

a war economy ?
God help us!


John Wollenweber   February 4th, 2009 9:33 pm ET

I wonder how many of Larry's guests, including Larry himself have actually read much of the hundreds of pages of what's in the bill..


change in my pocket   February 4th, 2009 9:34 pm ET

CLINTON HAD OSAMA BIN LADEN IN THE CROSS HAIRS, and

didn't give the order to shoot.

Larry you need to better commentator because these two jokers
are too BIASED.


Dodie from CA   February 4th, 2009 9:34 pm ET

Ray! Yes! I agree. Everyone is corrupted at the top. There is a good chance we could end up a 3rd world power by being a 2 class system and the middle class will end up with the mass poor.


Youridol   February 4th, 2009 9:34 pm ET

Dick Cheney is very very funny. Funny he left in a wheel chair. Just keep your solutions to yourself and let the people's man fix the problems you and Bush junior caused us. All the praises to John Bagala... he the coolest


Joe   February 4th, 2009 9:34 pm ET

It's about time the american hold these executives accountable.


Selina   February 4th, 2009 9:34 pm ET

Can someone please remind the guest, Larry (not host Larry), that it is PRESIDENT OBAMA, now. Not 'Obama'.


Amy   February 4th, 2009 9:34 pm ET

Larry,
Mr. Trump brought up a great point regarding China and Japan. It is time that we manufacture our own products. We need to start a nation wide campaign to avoid foreign products. It is time for America to stop extending a hand to others and help ourselves.

I value Obama's vision, but it is time to go through the budget like he promised and STOP spending. He should look to the SSD system, where America is paying for many people who have paid doctors to testify that they cannot work. We are paying out millions of dollars to individuals in the welfare system who are clearly capable of working.

I'm fairly young and I have never seen anything like this before. What happened to transparency? Is anyone honest?

I agree with the Republican party, we need to cut taxes. By cutting taxes we will trim down our spending because there will be no money frivolous spending.

It is time to get REAL!


Patricia   February 4th, 2009 9:34 pm ET

Larry,

The SEC has not been doing their job. I've been in Wholesale Mortgage Banking for over 25 years and had warned people that this was going to occurr. There has been too much fraud on everyone's part.

I have watched banks be drained of their assets. Assets were sold off, profits were taken and they bankrupted the debet. How can they do that? I had contacted the DRE of CA to turn in people doing fraudulent loans...I would have to give my name.....for Guido to get me.

I tried to contact the FBI to inform them of a company giving a private loan to the company I was working for who would be bringing our company public. They bankrupted the company and sent the money to an off shore account. I looked up all of the different filings and DBA's to see how these people were swindeling the money. They should be put in prison and be stripped of their assets.

We also had people using other SS#. I turned those loan's down because they were fishy. Many of the institution's bought those loans. I had to sign buyback agreements and I was a sales person. I think anyone who benefit from fraud should have to answer.

I have my list ready of people I'd like to blow the whistle on. I can walk them through the fraud commited from borrower, loan officer, realtor, banker. If I could find out all of this information telecommuting from home, others should have been able to catch it with Lexis/Nexas.


Giovanna   February 4th, 2009 9:34 pm ET

I have very high regards for LArry King..But i think that the remark that Larry Elder made was uncalled for "I m not speaking EBONICS"
He should apologize to LArry King and all the American People .

As far as the Stimulus goes...The American People need help..we dont need all the politicans putting their EGOS and their own Agendas infront of the needs of the PEOPLe


Derrick Evans   February 4th, 2009 9:34 pm ET

Larry, it is digusting that your panel is being so partisan. we are arguing about cost, we are financing 2 wars! billions of dollars every month, these wars have not helped the economy. this a multi-facet problem. if we let the free market fail then what, what does that do for the 2.6 million jobs already lost. Does it in fact cause things to get worst? are we not spending money on restructuring Iraq. If our minds brilliant minds cant unite and come to a solution for this country then let it fail.


carol kesling   February 4th, 2009 9:34 pm ET

HELLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO !!!!!!!!!!!!!!!!!!!!! what is wrong with the STUPID republicans ????????????? we have never been in this PERDICAMENT before !!!!!!!!!!!!! rather than sit there and "talk sooooooooooooooo muchhhhhhhhh and SAY SO LITTLE" these are NEW TIMES IT TAKES NEW ACTION !!!!!!!!!!!!!!!!!!!!!!!!!!!!! we have to clean up the MESS that bush "knew was there ", but did NOTHING ABOUT!!!!!!!!! so SHUT UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Maribell in Boca Raton   February 4th, 2009 9:35 pm ET

Are companies making any efforts in keeping Americans employeed when cutting jobs by dismissing foreing workers with work visas first? Why doesn't Wasington start cutting back on the issuance of those visas at this time? Now would be a great start.


Sherry   February 4th, 2009 9:35 pm ET

LARRY,

TELL YOUR POLITICAL PANEL TO STOP SAYING OBAMA.

IT IS PRESIDENT OBAMA!!!!!!!!!!!!!

THAT IS ABSOLUTELY DISRESPECTFUL....


C. B   February 4th, 2009 9:35 pm ET

I think the President is being to generous with a cap. Executives who run a company into bankruptcy shouldn't get paid. Take a look at KB Toys.
If you want to know what an executive makes, just pick up the Annual Report of any Public Traded company.


Kevin   February 4th, 2009 9:35 pm ET

Our new President (Chicken Little) is trying to shove this so-called stimulus plan down the tax payers throats. He wants to do it quickly before you and I realize there is no stimulus to the plan. You cannot be a capitalist on the way up and a socialist on the way down. This Pelosi Plan is a recipe for disaster. Barney Frank and company should be criminally liable for letting this happen to us.


Cas Vance   February 4th, 2009 9:35 pm ET

Larry,
Please ask why the Republicans are worried about a TRILLION DOLLARS. They speny 10 TRILLION under the Bush Admin.and the Republican congress for the first 6 years!!!


paul from chattanooga   February 4th, 2009 9:35 pm ET

cheney sound like he was drinking some happy juice


Joe   February 4th, 2009 9:35 pm ET

I believe that if you are a CEO of a publicly traded company, your bonuses should limited and there should be a cap on your salary. It'snot fair for the people that are investing money in your company by buying your stock to foot the bill for your lavish lifestyle. It's ridiculous that some publicly traded companies borrow large sums of money to be able to pay their CEOs millions of dollars in bonuses while the investor loses his shirt.


Dodie from CA   February 4th, 2009 9:36 pm ET

Ray!

It could potentially get uglier than the 30s. ..... we could end up a 3rd world power now owing China 3 trillion dollars.


Vern   February 4th, 2009 9:36 pm ET

I wish the conservatives would get it through their heads that tax cuts are not going to clean up this economy. Look at the mess that we are in now. Are they that selfish and unwilling to help the middle class. They need to listen to what Donald Trump suggested and they need to stop beating a dead horse. I am so tired of hearing the same idiotic ideals. Something needs to be done and done now. Stop complaining and grumbling and get down to business. Help is need ed now.


Grant DuBridge   February 4th, 2009 9:36 pm ET

As a small service business owner in Michigan, I can say that the general public have cut back on unneccesary services dramatically. This cuts directly into my ability to support my family.


Fed Up   February 4th, 2009 9:36 pm ET

brad said: "Price go down quality goes up… it’s nature… why is that bad?"

Because if quantities do NOT make up for price declines, revenues go down and then the stock price goes down. The HAVES are about maximizing stock prices and housing prices and do NOT like it when they go down.


Pat Swindell   February 4th, 2009 9:36 pm ET

Stop all this talking please and help the American People !!!!!
We, are very disgusted !!!! What, can you tell us, when none of you
are in our situation !!!!! No, job after 21 years of service !!! Next shock
is applying for unemployment and you have worked , all your life. How
many on your panel, is worrying about paying their mortgage, gas,
medical insurance, life insurance, food,electric bill or food, how about
gas for your car ? What about your kids , needs and you have no job.
Stop talking and help President Obama, get this stimulus passed !!!

We, are average american citizens, in need of help and
everyone's talking and not helping !!!!!!!!


Henry Topas   February 4th, 2009 9:36 pm ET

Are these guys kidding? Cheney (and Bush) saved the US from unspeakable terror that our enemies are cooking up for us.

Obama projects weakness on a Jimmy Carter level. I hope that he figures this out before Iran takes its next shot at us through their terror subcontractors.

He extends a hand to Iran and Ahmenutjob fires a missle.

G-d bless America with more Cheneys!

Hank Topas
Montreal


Ursula   February 4th, 2009 9:36 pm ET

I was just wondering if your republican guests realize that a tax cut is only effective if one has an income to tax? If they don't have bread should we give them cake?


James (Ontario)   February 4th, 2009 9:36 pm ET

Can someone tell Amy what ever her name is it is "President Barack Obama" Please have some respect and not refer to the President by his first name like he is her colleague.


Eugene   February 4th, 2009 9:36 pm ET

Why is that current homeowners can't refinance their mortgage? While new homebuyers are able to fix their rates at low rates these days, those that want to refinance cannot specfically because the home value is currently less than what's owed on the property. I purchased by home 3 years ago with 25% down payment, never missed a payment, and paid down my principal by $15,000. And yet, the value has fallen so significantly that my home is STILL worth less than what I owe, as if my down payment and the extra payments were all for nothing. I'm have been a good customer and I am fortunate to have a job where I am able to pay my monthly living expenses. I want to take advantage of the low rates. But I can't.

New home owners are not struggling. It's us, the existing homeowners with home values under.

Bottom line, let the existing homeowners who are under refinance.


Susan   February 4th, 2009 9:37 pm ET

Donald Trump is blaming this economic downturn on OPEC? How does he equate OPEC with dirivatives on Wall Street and the housing meltdown? Did OPEC sell the loans with balloon payments/increases in interest rates after 3 or 4 years? Who bundled these loans in to packages that Wall Street gobbled up? With all due respect, with Trump now robbing the people who are down and out, how can CNN even bring him on the air. Fair and Balanced? NOT


American Strugle   February 4th, 2009 9:37 pm ET

I recently switched my voter registration to Libertarian, I was unhappy with the Democrats for picking Obama – I refused to register republican under Bush and watching your Libertarian commentary tonight I guess I will either give up politics or switch to an independent. You all are what is wrong with this country. You are all flapping with self interests and not willing to listen or compromise on any issue. We need to grow up, open a book, talk and learn and start changing this country before we destroy ourselves like the former USSR, Iceland, etc...


Janice H   February 4th, 2009 9:37 pm ET

Why give money to businesses who haven't been able to do right to this point. Why not give, lets say $350000.00 to only US tax paying citizen. IRS take out tax first, based on each individual present tax rate. Individuals will payoff loans, spend money on new home, cars etc. Would not this stimulate the economy faster? Also bailout business wouldn't be using our money for their pleasures.


Anthony Saltaformaggio   February 4th, 2009 9:37 pm ET

I believe that individuals should help themselves and not depend
entirely on the Government. I am proposing a one time tax free and
penalty free withdrawal from an Individuals 401K or Retirement
Account solely for the purpose of paying off or paying down a mortgage on a Principle Residence. This would help the inflow
of cash to Banks and Mortgage Companies. Consumers would have
additional cash to spend on other items which would spur the economy. Many of us have lost a lot of money and this would be a
great way to secure our assets and jump start the Economy.


Ruth Vargas   February 4th, 2009 9:37 pm ET

I'm a senior citizen. Eliminating the tax on interest income would help
me. Why isn't that considered?


Brittany   February 4th, 2009 9:37 pm ET

i am 15 years old and i am watching your show right now. i think that some of those people that you are talking to on your show dont know anything about there history. i am studying the new deal right now in history and in fact it did get us out of the depression the only thing that it did bad was WW2. i dont understand what these people are talking about that it didnt help us out any and it put us farther in to the depression thats a crock. i may be only 15 but i understand alot about history and what is going on right nowalso i watch your show regularly and am a fan. so please read my comment out load on the air. i would really appriciate being heard about this.


brad   February 4th, 2009 9:37 pm ET

Th only people that will protect the middle class is the middle class. We need the FREEDOM to do so. If you check most 3rd world countries are not free.


Amy   February 4th, 2009 9:37 pm ET

We need to stop the name calling and playing the blame game. The Bush era is over. We need solutions! It is great to reflect, but at this time in our country it is time to put our heads together and come up w/ solutions to the number of issues we are facing.


TaLena   February 4th, 2009 9:37 pm ET

I would like for news personnel to refer to the President as such instead of Obamam this or Obama that. Even Barack Obama said this or that. He is the President of the United States and I would like to hear people refer to him as that when they are referencing him their speeches.


stacey   February 4th, 2009 9:37 pm ET

Trying to halt a foreclosure- have buyer with signed contract to pay face value of the note and mortgage company holding out !! They made $22,000 of interest over 3 years,but want $6800 of back payments and the balance on the note. I guess my $6800 is needed for their planned ,but now cancelled trip to Las Vegas.


marjorie kimball hendersen   February 4th, 2009 9:37 pm ET

I was one Vote for Pres Obama–I am 83 had a bit of everything in my life-5 children successful and served our country and did their Dad-PLEASE–I watched the Mayors of States express dire need for Money they promise to use for resurgence of the economy–It can Only be done with money–what is so unusual–??the Republican gang for the past 25 years has spent-spent//no body raised any real cry –our "Best and Finest" have given their lives and been crippled(involving millions families)Nobody stopped that! til some awoke and voted Obama as our new President–by the Grace of God!–Americans–legal and -non-legal" have worked-spent their money- and given to American–and Only Mojney can get this MESS all over the World–UP and On the way again–This President is trying to get the Peoples Servants to come to their senses–Not only Jobs! MY God–EVERY PERSON spends money–BUYS stuff–all over the world even those who have $75. a Year–What is the Problem-?? People all over the world have given their income for Centuries!! What else makes invention-services-machinery-Wars–We make money we spend it-BUT Please-DON'T try AGAIN to Scare the American people into Submission (chaney)give it up!/Retire!You have had too many years influencing too much of our Government! And Pres. Obama has the brains-braun-intelligence-stamina-and I believe(God on his side)–that's what I believe–the major population is not afraid –and the Old Folks will spend til they leave here..and pass on whatever wealth they 'saved' will get spent by family or the gov't–too.. I know the News Media has to get their pay checks too–BUT please 'get out of the rhutts'A New Worl/life is here.


change in my pocket   February 4th, 2009 9:37 pm ET

WE SHOULD STOP GIVING FREE HEALTH CARE TO ILLEGALS

ALIENS. no free education., etc.


Dodie from CA   February 4th, 2009 9:37 pm ET

STOP GIVING THE BANKS MONEY!!! CREATE A FEDERAL BANK TO LOAN PEOPLE AND BUSINESS MONEY!!!


lewis   February 4th, 2009 9:38 pm ET

Hi Larry,

I wash your tv shaw and i am suprise that during the Bush administration the republican party was not cleaver enought to fixe econommy and to stop bush spending , they all got us in that mess they had 8 years to do the job they did not.

I think all what republicans are doing is just to stop the democrat party to do good job for the country,
It is a shame for republican so desperate to break down the democratic president , they will do what ever it take.
I wondering if they really love their country
They put partisan and party before their country

Sorry


Christine   February 4th, 2009 9:38 pm ET

well it has NOT worked giving to the "rich" .."top" ceos / exec. so why not divide the "stimulas" to the bottom? YES the bottom. Give " WE the PEOPLE>>" the bottom... mudd feeders the money and instead of a few cents filtering down.... "WE the People..." would spend the 130,000./family and get the economy going. How can we bring or create jobs in factories that are empty? not only the job, building, went.... the machinery went too. 10000 of millions of factory machinery to South America, China, Japan... how do we bring back to an empty lot?
Give the monies to " we the people ..." first ! let us bottom get some so we can afford to keep our homes, pay our insurance, feed our family, build a strong foundation, give it to the bottom and let it grow UP
TY
Christine, SC


Fred Hoff   February 4th, 2009 9:38 pm ET

I agree with the cap...but at the same time I disagree with the Stimulus in part. Near term objectives should be identifiied for quick actions-this means move the money from the corporate America and Bank to the hands of the working Americans.

Long term we should take a hard look at what Donald said regarding the openess of our country-he was right regarding opening up a business in China...forget it. But on the other hand we open our door here...this is worng. Was NAFTA a catalyst of this..to a degree it moved American jobs off shore.. we saw it coming.

I disagree wiht Donald when he said Bush left him (Obama) a mess. Not totally true because who had control of the Congress. But let's look at th eheart of the problem...We NEED more emphasis on long term productivity programs: Reinvest in American Agriculture else hunger will abound, rekindle the production of products and yes shut down the US Commerce Office if they do not support Buy and Produced in American...3rd: Open up more research stimulate the encomony with a United Challenge – a purpose for the expenditure of the money. Like JFK-Put a man on the moon. We need this kind of stimulus. 4: Education-touch subject but let's open and expand the education of our children...the idea is build more schools and have more teacher...long stimuli like this is good for America. Lastly: Heath care – not the program we are hearing about but a castosphre event that causes the life threaten need for care...cancer for example, major medical, then let the medical industry work a solution for low cost health care...

These are my five pillars...

We need economy revitalization agenda ERA.

r/Fred Hoff


bfrancis   February 4th, 2009 9:38 pm ET

People need help /financially credible people need money they have given donations to help others now they need help seen the money.


Miguel Jaen   February 4th, 2009 9:38 pm ET

First of all, I am a centrist
1. The Republicans should just keep their mouth shut...where were they for the past 8 years even last year ...now they are the big angels...be real
2. We are ignoring the big picture here...the manufacturing in this country has gone overseas for the past 20 years....we knew it was coming...the service industry as they used to say was going to pay very well and provide good health benefits....
3. Why don't you and/or the panel members discuss how much they make and if anyone is willing to live with a max of $200,000.00 a year paycheck. lets get real here


M. Jones   February 4th, 2009 9:38 pm ET

Everyone seems concerned that we're headed for "Big Brother" in regard to our government "bailing-out" corporate/financial America. Some of our officials AND news media are screaming foul that the President is setting rules/conditions should they receive Federal assistance. Just WHO went TO the government asking for all this assistance to begin with???

Too bad that these greedy CEO's can't exist on $500,000/yr salaries.
My heart bleeds GREEN for them. How about they sell off some of their assets to 'make ends meet' like WE'VE been forced to do since learning that my husband's company is closing its doors in July. Btw..the CEO of my husband's company got a $6.4 million bonus 3 weeks BEFORE the company announced it was closing his plant!

These CEOs down-size their companies or OUTSOURCE the work all in the name of "cost effectiveness"...when all along THEY are the ones who have performed miserably, yet, STILL get rewarded in the process.

So yeah..I'd say some stipulations and salary freezes are in order. Beats what we'll be living on–UNEMPLOYMENT–and we'll only get THOSE benefits for ONE YEAR.


Peter   February 4th, 2009 9:38 pm ET

LArry cheney dont know scwat about security, only torcher and fear mongering like his boss did.Fighting carrying anger only recieves fighting with anger back the fight will always continue. If president Obama wants to try new thing i say go for it, And Larry You want to go hunting with cheney and learn how to handle a gun , if he would of took his training like a man instead of running away he would of known to put the saftey on first


Corey   February 4th, 2009 9:38 pm ET

This problem needs a more simple approach. Since the US Government is legislating how we live our lives anyway... And Washington is Spending our money how it wants to. Why not just simply, give each American (there are only about 350 million of us) $1million dollars. Tax that amount, and place requirements and restrictions on how it is to be spent. That will only cost us about $350 million dollars. Then Help the US Small Businesses.


Jan from Charleston   February 4th, 2009 9:38 pm ET

Dear Mr. President Obama:

If the United States were a person having a massive heart attack and policians were it's doctors, the United States would not be alive, it would be flat lining. Our politicians need to get real. We want a plan can be acted upon, but those on Capital Hill just keep adding useless causes and needs to it. We're, tax payers, not here to take care of everyone right now, we are here to act upon a plan that can bring our country back to life. Fire those doctors that don't know how operate!!


christina anganis   February 4th, 2009 9:39 pm ET

We have a small business in Michigan, our sales have been dropping continuously from nov.08 and its getting worse. We need tax relief- we would like to keep our employees- tax relief would help us keep our employees. It is only fair to give everyone some relief instead of picking and choosing


MARY   February 4th, 2009 9:39 pm ET

I was planning to get a "Reverse Mortgage" at age 62 (Year 2010) as part of my retirement plans. What do you think my chances are given the current banking situation and banks not even loaning money currently to people who need loans?


David Wissinger   February 4th, 2009 9:39 pm ET

Larry I first want to say that we should require that any banking firm that has borrowed money should have to reimburse us by taking that amount from there next payment. Second we should enforce the fact that the bail out money was to be used to start up lending. Lets go back and make them do what the bail out was designed for. LENDING to the private sector NOT KEEPING the MONEY for them sleves and bonuses. This can be done and we should demand it to be done. WE are the employer for the president and the congress and senate. I have read that money by these firms was not taxpayer money. Wrong. It was taxpayer money used in-directly. If you have to borrow taxpayer money then you can't afford the pirks peroid. If you want to do a phone conversation on this any time you may contact me at 586-738-1971. I know what I'm talking about onj this subject. Thank you for your time with this subject. Please discuss this with the public on your show.

David Wissinger
Warren,Mich.


anthony   February 4th, 2009 9:39 pm ET

Enough of this! everyone has alot to say but because it not them who has to deal with this mess. This is politics at it's best. Just fill the fear and do it anyway what do we have to loose its allready a disater lets just do what we can and move on it can't get worse because its allready at that point okay.


Daniel R. Montano   February 4th, 2009 9:39 pm ET

Larry I'm a long time viewer of your shows radio and t v . On this baleout issue, I hear all your guest talk about how so many people are made that our hard earned money was so easyly given away without recourse for failing to not using it as we expected. No one is asking us the people that are or have lost our homes for making bad choices as these large business made bad and dumb choices, how can we bale out the people that invest there hard earned money so that small bus. can succeed. I say bale out us that are losing our homes owned or rented by giving us 50,000 each and I garantee that we will start buying and bring back economic sablitiy.


Robin   February 4th, 2009 9:39 pm ET

Cheney had his term and had his chance to do something about war and terriorists. Now he's an expert! Pres. Obama is the change.."offering an hand first" is more human. If other nations turn away from his generous offer, then they can't say he didn't offer humanity. Our country hasn't tried sitting down first and I trust Pres. Obama to do the humane thing first before he has to make other and harder decisions. I'm tired of kids getting killed, neither they are Americans, Irag, Iran, Muslim, Protestant......I don't care. Stop the killing.


mikeinbuffalo   February 4th, 2009 9:39 pm ET

If a company isn't profitable how do these financial execs justify getting a bonus? What planet do they come from? Thier bonuses could pay the salaries of thousands of employees. Many of us are doing the work of more that one person because these chizzlers are cutting staff to the bone to make themselves look good. We wonder why the rest of the world thinks we are lunatics.


brad   February 4th, 2009 9:39 pm ET

Don't worry about losing your house.. in a few months you can just pay cash for a new one.


Janis Wignall   February 4th, 2009 9:39 pm ET

Larry,
I can't believe Obama today, nor many of the comments on your show tonight. The capping of CEO salaries, no parties, no private jets.
NAIVE NAIVE NAIVE
CEO's need to be incentivized and held accountable for the bottom line of RESULTS RESULTS RESULTS.
They need to deliver on the goals set for those $$$ so they can turn around the economy and get our millions of our depressed unemployed back to work.
It's got nothing to do with salaries etc WHO CARES, so long as these CEOs are getting the job done! And if they're not ...then there'll be NO paycheck at all!
Janis in Seattle


Wanda   February 4th, 2009 9:39 pm ET

Citibank got a bailout, we don't know what they did with it...and now they are raising their customers credit card interest rates. Is there any accountability on the bank's part. We pay them with our tax dollars and now we pay them with our cheque books...how much more???


Dodie from CA   February 4th, 2009 9:40 pm ET

James! Its not a bid deal in their arena! We need to look at not becomming a 3rd world country!


William Koss   February 4th, 2009 9:40 pm ET

The economic crisis that we are in has effected me drastically. I had lost a 70K a year job the week before 9/11, due to the poor and not-thought-out policies of the senior management of the Fortune 100 Company that I worked for, i.e.: JPMorganChase. Since then, I have only been able to find a minimum wage job, and, two weeks ago, I lost one day's work and pay, which now brings my monthly take home pay to $660.00. I have been selling my books and other belongings in order to make ends met; however, now I do not know what I will be able to do now inorder to pay for rent, commutation, and food. I want to have a good, well paying job; however, years of looking in New York City have come to nothing. I might just have to go on public assistance, which I do not want to do.

William K.
New York, New York


Adam Friedensohn   February 4th, 2009 9:40 pm ET

Elements of the way to see the stimulous path clearly need
better definition in basic prinicple. It seems some fundementals are missing in the circuit logic.

1) Money divorced from its accounting system is called theft.
If it doesn't buy something or account for a shift of energy, products, service etc. It becomes paper divroced from accounting which is all it was to begin with. So....
When the government gives money away for free it is theft.

When money is given by governments to the private sector it has almost always been and should always be tied to specific performance agreements. In other words the government is buying something with our money.

But what do we need to buy here and how can this be assured?

Concerning the banking sector, the government needs to buy (bolster) a performance criteria for banks to offer loans to businesses and to home buyers. These things are measurable. If these things canot be bought. Why bother giving money? Why let it become theft under our noses?

One significant hurdle will be the development of the formulation of the stimulous criteria for the banks. In other words the language of the paper outlining why the money is going to a specific bank.
This agreement or contract (which it MUST be) takes time to develop unfortunately. The private sector moves far more quickly than the government so too much time could pass while designing the program which by the way, should be fairly uniform and competitive. Not just an Ol' boy fast deal.

Also, if the banks see the criteria in black and white (what the government wants from a given bank for the money they are giving) and the bank doesn’t sign, it is a clear sign they are not in that deep a trouble and moreover may not agree with what the government feels it is buying.

Simply put, money into the bank from our tax payers money needs to buy the recommencement of loans in a priority basis starting with companies with good credit records and sliding down to homeowners wishing to buy homes. Remember, this whole things started beocming evident when the small loans for Med scale companies wasn't available any longer.


Grant DuBridge   February 4th, 2009 9:40 pm ET

Four years ago my wifes family began getting layed off from their jobs. they would ask me what is going to happen, when will there be more work. I told them that everybody needed to destroy all the extras in their homes so the unemployed could make new products for them to buy again.


Ben Montanez   February 4th, 2009 9:40 pm ET

Another issue with banks is that foreclosures and short sales are being used in appraisals as legitimate comps. Banks are unfairly using these comps against buyers trying to buy a home that's not a foreclosure, buy only willing to lend the foreclosed value on a purchase. If this is the direction we are heading banks will drive values into the ground.
This new way of banks determining home values based on foreclosures & short sales must be stopped, so that a regular buyer can purchase a home from a regular seller who hasn't lost their home to foreclosure.
Stop using a few unfair comps. to ruin an entire neighborhood's value.


Jean Poulin   February 4th, 2009 9:40 pm ET

Let's be blunt & honest. This is very simple... In the long term the stock market & financial system works very well only if it's based on the premise that the Companies board of directors controls the Company's executives. The problem is that since many years it is the oposite and the Executives controls the Board of directors. The later are not even able technically and/or moraly (because of acquaintances) able to judge the decisions of the executives and especially the level of salary they should receive. Right now company executive literally steal the litte investors and the kind of measure announced today should be generalized to all the public companies exept that it should be based on some sort of formula takeing in consideration many paraqmeterslike earning per share performance, # of years in office, industry performance etc..)

Jean


change in my pocket   February 4th, 2009 9:40 pm ET

no,, no NO FEDERAL BANK!!! ONLY HUGO CHAVEZ DOES THAT


les hatfield   February 4th, 2009 9:40 pm ET

Who was in charge of Congress when the mortgage requirements at freddy mack and other mortgage companies were loosened?


carol kesling   February 4th, 2009 9:41 pm ET

go obamA, good move on c.e.os.if you dont like the new pay cap, TAKE YOUR TOYS AND GO HOME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!i am a tax payer,single and pay alot of tax, and these losers do nothing but run the companies in the ground and get BONUSES ?????!!!!!! there are alot of people that would be VERY HAPPY with 500 thoussand $s!!!! just post for ceo jobs and watch poor people scoop them up.... THANK YOU DONALD TRUMP FOR STICKING UP FOR "PRESIDENT OBAMA" YES HE "IS OUR PRESIDENT !!!!!!!!!!!!!!!!!!!!!!!!!!! deal with it REPUBLICANS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Kelli from Tampa   February 4th, 2009 9:41 pm ET

The option is to SQUAT DO NOT LEAVE YOUR HOUSE!!
Homeless shelters were already filled to the brim for a long time. If you leave your house, you better be prepared to live in a car and believe me that is something you do not want to do. I work with the homeless. DO NOT LEAVE YOUR HOUSES PEOPLE!


brad   February 4th, 2009 9:41 pm ET

Financing programs don't make homes more affordable, they jack up prices... for example the last five years are a result of easy financing.

Take away all financing and the prices will drop to a cash price and you won't have to worry about it.


dan   February 4th, 2009 9:41 pm ET

How about this why not take everyones that has work and file a tax return for the past 10 years total it up and give them 10 % back in a check maybe put a cap of 100,000 per year and send out the checks to them not the banks dont you think most people would pay off or get uo to date with there home and bills and start spending and get the ball moving.thanks


Preeti   February 4th, 2009 9:41 pm ET

I'm not clear on the $500K salary cap for the executives. That is just their salary, they're going give them all sorts of incentives to make up for it. If they really wanted to be prudent, they should make sure that any equity incentive (i.e. stocks) should be vest in 5-10 years AFTER they leave. This will make them look beyond their short horizons.


N.D   February 4th, 2009 9:41 pm ET

I believe that a main reason for the economy fall is the fact that we have immigrants moving over taking all the jobs of the citizens leaving the citizens jobless. If the government would crack down on these things and send them back it would open up a lot of jobs, which would get the U.S people spending again. All these people are on the television talking its so easy, its really not. If you are like myself and are one of the millions layed off from your job, its not that easy.


Sam Coronado   February 4th, 2009 9:41 pm ET

Criticizing the stimulus package without having a thorough illustration makes it highly irresponsible, especially if it is done through the media. It is insulting to those in the audience who try to act as critical thinkers. My impression is that a lot of criticism has fallen short in their understanding od the real scope of some projects. The US President has sent loud messages that would entitle him to receive the benefit of the doubt on any plan he proposed to solve the current US economic mess that has resulted from the stupidity and selfish ambition of a small bunch. Debating about Government intervention and spending? In the long run, what could be worse?


Amanda   February 4th, 2009 9:41 pm ET

I agree with Mr. Trump. The Banks are doing the opposite of what we bailed them out for. They are not loaning the money we gave them. It would be nice if we could charge the banks the interest they charge us and give some of that interest on the tax dollars directly back to the people paying these taxes. This is just sad.


swindell chestnut   February 4th, 2009 9:41 pm ET

I thought I had a recession proof job, funeral escort, but death too has it's limits. The cost of dying. More cremations, less escorts. I might have to get another job.


Lou J   February 4th, 2009 9:41 pm ET

We're busy talking about bailing out the banks, but the point is mute. They shouldn't be bailed out, but the decision has already been made-they will be bailed out. Although, the bulk of the responsibility lay on the lender, what about the borrower? What about the people who signed on to the adjustable rate mortages? Did they not read the fine print? Or were they so blinded by the need to own something that they, clearly, couldn't afford that they failed to read the contract. Sure the banks are at fault but so are the buyers. (Nobody stepped up and paid my car note when I lost my job and my car was repossessed.) And as for the stimulus package excluding a provision that would extend unemployment benefits, well that's audacious! I, and millions of others, like me, lost our jobs not out of choice. We didn't give up our jobs-we had no choice-we were forced to leave. If the Senate and House refuses to help us bridge this gap, then we should ban together and see to it that the people that we put in Office are forced into the unemployment line with us. Or, as in the case of Vietnam, we should pick up our signs, and take our voices to the streets. Good night, America, and Good luck. Lou j.


private   February 4th, 2009 9:41 pm ET

hi larry Your two republicans on the show tonitejust dont get that they put us in this ,mess. from what i heard president obamama is doing the best he can maybe you should play the tape over of mr trump and who cares what dick cheynene has to say he should not even show his face on tv Republicans have to wake and relize we voted for president obamama and we are tired of them helping the rich


Amy   February 4th, 2009 9:42 pm ET

We need JOBS!!!


Ron Paschal   February 4th, 2009 9:42 pm ET

I question Donald Trump's comment that banks are not lending the bailout money. In the Charlotte region home sales increased in December by 6% and the majority received new mortgages. The money came from mortgage companies where the average rate of a 30 year mortgage is below 5%. Our representatives in Washington should be concentrating on the real estate industry.


Susan   February 4th, 2009 9:42 pm ET

Just listening to all these people blather on bla bla bla about what is the right thing to do , makes me ill. Perhaps they should just stop everything right now, including any further money to the banks and let the chips fall where they will. But make it perfectly clear the republicant's were the ones who failed here. Theysay country first, they mean the people last. It all is so depressing and no one knows what will really work.


Paula   February 4th, 2009 9:42 pm ET

I really love how the republicans are all of a sudden expert ecconomy critics, of Obama's new administration. We have seen the man behind the curtain (Baby Bush) and know that his administration was way out of touch with Americans on main street. My question is... Where was the republican plan and action for the ecconomy during the last eight years? Where were their ideas and proactive long term measures when the stock market and huge banking company's crap hit the fan late last year?


BOB   February 4th, 2009 9:42 pm ET

If they would give every household in america $75,000 and a $25,000 car voucher. That would save the car companies and save the forclousures. It would help the banks and the stores that are closing and anyone on welfare would have to re apply after their money ran out so it would help the welfare
department. When all was said and done the walfare department would get "cleaned up" . People who don't need the money would invest it in Stocks therefore helping the stock market! It would be much cheaper than their Car Bail out. It would stimulate all markets.
Please lets get the americans back on their feet and restart our ECONOMY!!!


Carole   February 4th, 2009 9:42 pm ET

What would happen if we did let free enterprise work, and the Government went out of business and filed for bankruptcy and went back to doing it's job of governing and upholding the Constitution?


Fed Up   February 4th, 2009 9:43 pm ET

Elisa Claassen said: "It seems that there is less of a Middle Class these days. Does your panel have any thoughts on this?"

I do. The haves are taking advantage of a globally oversupplied labor market (thru outsourcing, illegal immigration, and legal immigration)to drive down wages and the high wage countries' standard of living.


brad   February 4th, 2009 9:43 pm ET

As a Realtor I am helping a lot of first time buyers get into a home where they couldn't before. What do you tell them after they've been saving for years when you bail out home owners, shorten up the market and jack up prices...are they not voters, citizens and tax payers. What abou them?


frank parillo   February 4th, 2009 9:43 pm ET

Larry,

I'm thinking of scrapping putting money into my IRA and instead buy tangible gold. What do your experts feel about the precious metals markets.
Will your experts please tell us in layman's terms how to go about purchasing gold thru the emany gold brokers out there?


Billy   February 4th, 2009 9:43 pm ET

Hi Larry, I am on the verge on a credit meltdown myself and with dealing with a Bank of Amercia just to defer one payment, after no late payments for 3 or years, they having closed this line credit then sending me a threat notice that this must be paid which i have continued to do so, their excuse for closing the line of credit was because they blame now high debt ratio which being blown out of the water due the the banks and credit card issuers lowering my limits.

Should of heard their suggestions on how to pay off this credit line, especially after hearing that $18 billions handed over to them and spent for jets, office decorting and bonus... i was appauled. I was told i should cash my 401(1)k, and then was offered a $3000 discount if i paid off as i was talking on the phone. Been a member of Band of America since 1991 and have never been treated so by a bank.

A couple or more years ago congress passed a bill allowing credit card issures to double up on payments. For example if i was paying 12 a month in January, February payment became 24. Would put a dent in the banks pockets to retract this bill, and would give more pocket money back public maybe wanting them to take extra money and spend out in their communties, etc.

Why congressed passed a bill, well Bush years I guess.

Any comments on this?

Billy
Los Angeles


Donna   February 4th, 2009 9:43 pm ET

Like many, I owe more on my home than it is currently worth but I want to stay and continue making payments. Is there a way for the government to get lenders to a flat 4 percent interest rates for one primary residence per family. I could then afford my payments.


Dodie from CA   February 4th, 2009 9:43 pm ET

LARRY!

Why not start a federal bank with all the money we are giving away. This bank can be controlled by the mass not the few priviledged.


Jackie from West Virginia   February 4th, 2009 9:43 pm ET

Larry, I would really like for you to read this. I just want to let President Obama know that I along with so many other Americans appreciate everything he is trying to do for us. My hope is that he not become discouraged because of people like Amy (i want to be important)Holmes and Rush "i forgot his last name" Limbaugh. Come on people give him a chance.


Sherry V Kirby   February 4th, 2009 9:43 pm ET

Hi guys, for once in my life I agree with Donald Trump, and I also
think Dick Cheney needs to shut the hell up, he had his chance if you
could find him. Paul Begalla and David Gergen know more about our
new president and that he can't turn the world around in 3 weeks.
We came here with nothing and we'll leave here with nothing, people
need to remember that and give President Obama a chance a real
chance. He'll get us through this and the woman on your show should
be ashammed to be an american, anyone that would say that.


Antonio Codrington   February 4th, 2009 9:44 pm ET

I continued to be in desbelief how many of your guests, mainly liberitarians and conservatives continue to address the president as "OBAMA".

Your "live" today is a recent example. Not once, did Larry Elder address the Commander in Chief as "PRESIDENT OBAMA".

Let the record reflect that addressing the leader as "PRESIDENT OBAMA" has nothing to do with the person "OBAMA"; it has to do with the respect for "CHAIR OF THE PRESIDENT".

Mr. King, whose job is it to adopt this respect? Yours, for the assurance that I can continue to watch your show?

Much respect, TC.


Helen T   February 4th, 2009 9:44 pm ET

Your current guest – Barbara is spot on target. Foreclosures, mortgage write downs, loan modifications – that is where we need help. Everything else is PORK. And, people who can talk about this being a great time to buy if you have good credit are not living in the real world. HELP THE HOMEOWNERS NOW.


STOOMZEE.com   February 4th, 2009 9:44 pm ET

I think we should give all of our friends and enemies around the world an optimistic vision of achieving global unity in a new world society of the future.

THE WORLD UNITED is the only future!

We are already globally connected thru the internet and like water finds it's own level – so to will the inhabitants of this earth.


Steve   February 4th, 2009 9:44 pm ET

Watching the show tonight as a Toyota worker I was a little upset with Donald Trumps comments on Japanese and Chinese automakers setting up shop in the U.S. and being a dumping ground, as U.S. buisness cannot set up shop in those countries. The voice of North America has spoken and obviously they feel these countries end product is superior to that of FORD,GM or CHRYSLER. It would be nice if Donald would explain what he was talking about with these comments but it sure sounded like an attack on Toyota,Honda,Hyundai or Mazda.?


Bobby   February 4th, 2009 9:44 pm ET

What if I have good credit but no money. Is it a good time to try for a home loan, even if I don't have money to put down? Or, should I just try to save my money and ride out the tough times?


change in my pocket   February 4th, 2009 9:44 pm ET

OBAMA IS JUST DRIVING FEAR IN PEOPLE TO PASS

THIS SPENDING BILL


Andrew Dewar   February 4th, 2009 9:44 pm ET

Remember Marlon Brando's rambling speech in Apacolypse Now? The horror.....The horror. Dick Cheney's sound bite just played on LKL sounds identical.


Adele   February 4th, 2009 9:45 pm ET

I am dumbfounded that Barbara Corcoran whose firm single handedly ran up prices in Manhattan and then came to Brooklyn and ran us out of there is now on Larry King talking about the little guy!!!!

Hypocrite! There most be some money to be made Ms. Corcoran because YOU are the last person who should be worried about the little guy that you previously stomped on!


june   February 4th, 2009 9:45 pm ET

we are trying to buy a vacation condo in dana point ca. we have great credit, we own our own home no mortgage, our income last year was around $190,000 and should be the same this year. condo price is 280,000. we are putting down 20%. we are being turned down by lenders for a mortgage because there are too many condo's in foreclosure in area in the past yr! we are trying to be part of the solution. we want to buy and we will need appliances, flooring, furniture and people to paint and do plumbing and electrical work. taxpayers money was handed out to the banks but there it is staying {except for lavish junkets}. i don't think we should send good money after bad. we will mortgage our future and our childrens for a bill loaded with lawmakers pet projects -endowments for the arts, birthcontrol, green education etc. this was first presented as inferstructure projects to provide jobs like the wpa in the 30's instead we have porky pig trying to walk away with our money.


Fed Up   February 4th, 2009 9:45 pm ET

The lady who said that housing is the problem IS WRONG! Negative real earnings for most people and TOO MUCH DEBT is THE PROBLEM!!! The housing crisis is just a SYMPTOM!!!


Quddus Mohammed   February 4th, 2009 9:45 pm ET

On Economy...

You have all the sell side panelist....why not economist or professors.


Sharon Hill   February 4th, 2009 9:45 pm ET

I'm one of those people in foreclosure because I stopped working to care for my mother until her death last February. Now even with a BA after sending out thousands of resumes over the year I can't find a job. How do I save my home?


swindell chestnut   February 4th, 2009 9:45 pm ET

What are the banks doing with the money, if they don't lend it in the housing market. I agree with the president, ask for tax payers money and there will be strings. There are strings when we borrow money from the banks.


tim ryan   February 4th, 2009 9:46 pm ET

Let's get the new administration to have freddie and fannie get rid of risk based pricing, especially for people with 650+ credit scores. This would open the doors for more credit worthy americans


Kristin   February 4th, 2009 9:46 pm ET

Let's look at the cost of child care. My family pays as much on our mortgage as we do on childcare. $1200/month for 2 children. Why doesn't the government look at putting more money into Early Childhood Education for the middle class, we would have no problem paying our mortgage then.


brad   February 4th, 2009 9:46 pm ET

Middle Class... but Bill Gates on one end and The poorest person in the US on the other and guess what even if you make a million a year your on the poor end. There is no middle class. What has happened is our free market has made thing once only available to the rich availiable to us, the poor. The more we eliminate Free Markets the less prices will fall and be available to the whole world.


Jennifer   February 4th, 2009 9:46 pm ET

Thank you! I may lose my home of 6 years and every penny I put into it- I just can't believe this is our life now. I hope they put a freeze on foreclosures and give everyone a shot at turning things around


Kelly Lynch   February 4th, 2009 9:46 pm ET

Robert, what role do you feel the Federal Reserve policies have palyed in this financial crisis?


Tom in Lawrence, KS   February 4th, 2009 9:46 pm ET

Why is nobody willing to discuss the failure of supply-side economics? That is the basis for the Republicans' objection to the stimulus proposed by President Obama and the Democrats. We need to directly address the fundamental failure of our economic system. "Trickle-down" economics was and is a bad approach, and the depression we are in proves it. We need to stop treating that system as if it were gospel and seriously consider a return to a demand-side model. Somebody needs to bring this up! u


Dodie from CA   February 4th, 2009 9:46 pm ET

LARRY - ((((QUESTION)))

Can we start a FEDERAL bank owned by the mass not the priviledged that could loan money to those in need????


Ed in Fort Pierce, FL   February 4th, 2009 9:46 pm ET

Do you consider borrowing money on a equity line to purchase a foreclosure is a good thing to do? I am very close to debt free and have found a house for $115K. that sold for $350K in 2005. I can easily handle the payments on the equity line as the interest rate is 3%. . Would this be a wise thing to do?


william Copeland   February 4th, 2009 9:46 pm ET

Larry, we will not get over this recession until the dems and the reps get together and decide to help get this country back where it belongs, A good point that they never will , is why is it so hard for Amy Holmes and Larry Felder to call President Obama by his title instead of just Obama, yet they can call cheney by his former title of Vice President, This country will not succeed until we can respect the ones in office that are trying to get us back on track


Grant DuBridge   February 4th, 2009 9:46 pm ET

I have been waiting for my bank to send me a modification package for two weeks. I am about to tell them "Lower my interest rates or take the house.". I can no longer pay 13% interest on a house that is worth 35% less then when I bought it three years ago.


BOB   February 4th, 2009 9:46 pm ET

SOLE THE PROBLEM ! HERS HOW!

If they would give every household in america $75,000 and a $25,000 car voucher. That would save the car companies and save the forclousures. It would help the banks and the stores that are closing and anyone on welfare would have to re apply after their money ran out so it would help the welfare
department. When all was said and done the walfare department would get "cleaned up" . People who don't need the money would invest it in Stocks therefore helping the stock market! It would be much cheaper than their Car Bail out. It would stimulate all markets.
Please lets get the americans back on their feet and restart our ECONOMY!!!


anthony   February 4th, 2009 9:47 pm ET

I would like to buy a house me and my wife have good job s in the health care field and have the money to put down but our fico is abou560 so tell do we have have a 600 or what because it seems that we can not get anyone to finace us.


Susan   February 4th, 2009 9:47 pm ET

Hmmm I had another post on here that apparently CNN did not want to show. Donald Trump talking about the bargains he is getting right now is like a slap in the face to Americans. CNN is afraid to post it so I will take it over to Huffington Post and post it there. OPEC no more caused this recession than did your little kids. Who does Trump think he is fooling?


James T Bonham   February 4th, 2009 9:47 pm ET

What is there for the guy that is making his payments now but sees that his pay is going to be reduced and needs to lower his debt ratio but noone wants to offer any assistance to us.


Marc   February 4th, 2009 9:47 pm ET

The middle class doesn't protect themselves. They're to busy trying to be better than one another. They don't realize that living within their means is gonna be better for their own future.

And yes we need to stop bailing out these institutions. Let them crumble and start from the very bottom again just like every other entrepreneur who works very hard only to find out he'll never get a gov't bailout.


Amy   February 4th, 2009 9:47 pm ET

Wow! Daniel – My husband came up w/ the same solution! Give money to those that needed.


ray   February 4th, 2009 9:47 pm ET

wow! that man on the panel is profound!
he doesnt want to be "helped"!
i know what he means!!!
its like that idiom....
how does it go?
give a man a meal you feed him for a day,
teach a man to fish, you allow him to make his own living, etc.
....
how do you say that?
haha!..... is that the way you say it?


Christopher   February 4th, 2009 9:47 pm ET

Larry – Barbara is the first person who makes sense! I worked Susie Orman's plan for years and, guess what? It doesn't work because banks won't deal. I've been trying to work with Citimortgage since I lost my job in Nov. 2007 and they do not deal! No re-negotiating. After paying 13 payments per year (one extra), for 6 years, and stuggling to make ends meet, my house in Cleveland, Ohio is in default, my credit history is ruined, and Citi still won't talk to me! WHAT CAN A HOMEOWNER DO OTHER THAN WALK AWAY? I'm employed, living in an apartment in South Texas, I've got healthcare, and I don't see why I should throw good $ after bad. Just walk away?


June of Massachusetts   February 4th, 2009 9:47 pm ET

VP Cheney's comments are outrageous. He talks about protecting America, but 911 was on his watch, and he failed. His comments are tantamount to President Bush's "bring it on." He talks about respect. We lost that around the world on his watch too. Hopefully, the new President can restore it.


Jim Taylor   February 4th, 2009 9:47 pm ET

I really don't know why this segment is featured as how to hold on to your property!! All that the guests are talking about is how now is the time to buy property because of the falling prices. How about featuring a segment on what to do when you are in danger of losing you property to forclosure. That is the most pressing issues people want to know about.


Palani Nadarajah   February 4th, 2009 9:47 pm ET

Your pannel today 905 agree with Mr President action also I totaly agree with Mr Trump You don't do good job no bonus ( ask all these CEO waht is the definition of Bonus?) Dick Cheny was hiding for past eight tears and Now worry about the country Now the country in ggo hand not to worry go back to think about make more money to his Firm.
Bush adminitration started this Stimulus package to help the ecconpmy out of the mess now if Mr President Obama not to do to continiue all Rebublican will complaint Why did they vote for the first one enough politics now the country on the rock bottom work together and buoild it bck.
Lastly no more golden parchute for all CEO that is a dam goo idea.


change in my pocket   February 4th, 2009 9:47 pm ET

I'D RATHER LISTEN TO CHANEY THEN CARVELL THE COMMIE


Mary   February 4th, 2009 9:47 pm ET

Wow, 45 minutes into the show and I haven't heard anything new or helpful. We all know if you have money that now is a good time to buy. I don't know anyone in that situation. I am having to file a bankruptcy, lose my condo, and who knows about my job. I work for one of the Big Banks who has received bailout money, but I sure don't see where it's going.


Elisa Claassen   February 4th, 2009 9:47 pm ET

Does anyone know who or what is hiring these days other than the Federal Government?

Just curious. The news keeps talking about who is laying off.

My brother found out that he is keeping his position at Boeing ...but one coworker had a stroke and another a heart attack while they were waiting for the news if they would get pink slips or not.

Elisa


Danny in St Pete   February 4th, 2009 9:48 pm ET

Larry
I believe we were just the victoms of another terrest attack which started under the bush adminastration and aimed more at him then the American people, while they were looking for a terrest attack in the normal sense ( bombs in truck bodys) we were attacked financialey through oil futures burried in multiple times in washed money is what I believed all along and Donald trumps comments seemed to agree with my view.


Youridol   February 4th, 2009 9:48 pm ET

Dick Cheney is very very funny. Funny he left in a wheel chair. Just keep your solutions to yourself and let the people's man fix the problems you and Bush junior caused us. All the praises to John Bagala... he is the coolest


Sherry   February 4th, 2009 9:48 pm ET

Hey Change in my pocket:

Sounds like you may have all the answers to the economic crisis!!

What should our President do?

President Obama stepped into a horrific mess made during the
Bush Administration...so I ask What should our President do to
stimulate the economy??

waiting....


Jane Wilson   February 4th, 2009 9:48 pm ET

My husband and are on on fixed income disability. We are in a good position with our mortgage and have no other consumer debt.
We have been approached by our Bank to make two payments a month on our mortgate instead of one. Is this a good deal? I know i will pay off earlier and save 24,000 dollars in interest. How does this affect my credit rating if i make this change.

Thanks


Craig   February 4th, 2009 9:48 pm ET

Larry,
Barbara Corcoran is the only one who is representing middle America. The other 2 guys don't get it. Yes, this is a great time if you can afford to buy, but I guarantee you that most of your viewers are more concerned about how to hold onto their home.
Craig


Rose Rairie   February 4th, 2009 9:48 pm ET

I don't see how $500 and an additional $40 a month more on a paycheck via a tax cut is going to help. I have been out of work since July. MyUnemployment Check is 1/3 of what I used to bring home every week. I've had to borrow money to pay the utlities and the mortgage, put groceries on credit cards, drop car insurance. It's getting close where I will not be able to make the mortgage payments and the credit cards. So how is a $500 check going to really help besides either paying property taxes or groceries. Then when that's gone, then what. I would rather have a job.


Derakhsh   February 4th, 2009 9:48 pm ET

My wife & I are two MDs working our own office and we cant even get banks to look at us for a house loan despite our scredit score of 727 and 790,, want to get the economy going?? get the BANKS to loan out the money they got from US,, "it's the BANKS stupid" as the cause of ongoing recession


Steve Paul   February 4th, 2009 9:48 pm ET

Larry, The lady has it right. The two guys need to stop telling us how great the buying opportunity is. My son for instance: unemployed for over 12 months, no unemployment.....so how will tax cuts help him? You have to have a job, a paycheck to have a tax cut help.

Steve


Denise Zeidler   February 4th, 2009 9:48 pm ET

There are 300 million people in the US. Why not give every family a real economic stimulus–like $500,000 to a million dollars each? People would spend it on new cars, homes, college and invest in the stock market as well as save it in banks and pay off debt. This would certainly impact our economy. I'd love to know what it feels like to get paid like a CEO or bank official.


Luis Collazo   February 4th, 2009 9:48 pm ET

A real stimulas packet would push the tax deadline at least 3 months and allow us to pull from 401 k without penalty


Washington Thompson   February 4th, 2009 9:48 pm ET

I am watching your show can your financial experts be a little more detailed about specifics, in dealing with an oncoming foreclosure and the options that are available. We must deal with that fact that most Americans have bad credit period and have lost their jobs or could not afford to continue paying the current mortgage, again whatt are the options ?


Ron Folk   February 4th, 2009 9:48 pm ET

Didnt you find that the emotional impact on your self esteame was one of the hardest things about being with out worth . . . without purpose?


Fed Up   February 4th, 2009 9:48 pm ET

Helen T, what about the responsible homeowners? No help for them??? What about people who rent for less than a mortgage payment???


Marie, FL   February 4th, 2009 9:49 pm ET

I owe $150,000 on my home. Similar foreclosures in my neighborhood are for sale for $50,000. Do you think I should contact my lender and attempt a mortgage workout?


Robert Nieuwenhoven   February 4th, 2009 9:49 pm ET

Why can't the government just pay the interest on default mortgages so people can keep their house. It seems to be a lot cheaper than the money they are throwing away now to businesses who caused the problem in the first place.


fred gollatz   February 4th, 2009 9:49 pm ET

this is my suggestion for our economy

January 30, 2009

President Barack H. Obama
1600 Pennsylvania Avenue NW
Washington, DC, 29500

Dear President Obama:

I wish to congratulate you on your successful campaign for Presidency. I am writing you this letter because I am concerned about the problems that face our country today.

I do have the answers to all of the problems that this country is facing right now, but I lack the proper venue necessary to convey my thoughts through the proper channels. If my ideas are properly executed the economy could be up and running in a fairly short order.

Respectfully I am requesting that you would convey my message to your dream team staff, of very capable people, as I am excited at the prospect that I or any of my ideas you may find useful. I will remain humbly available to you or any of your staff if needed. I hate to over simplify the problems, but they really are very simple. The answer will start with the economy.

Our economy is in bad shape all the way around right now. Largely in part that we are throwing tons of money away in the Middle East fighting for GOD knows what. I would suspect that oil is the bottom line over there and I think that the answer to solving that issue is to make this country completely independent from that need. Therefore, the people of these nations, that now hate Americans, would have to find someone new to blame for there problems; maybe their own rulers who up till now have been using the US as their escape goats. That would nullify the problems that we are having in the Middle East. If we add up what we spent so far in military assistance and on oil to these countries the US would be working with a budget surplus rather than drowning in red ink.

So, bottom line is these are things everyone knows, and I am sure that you know and there is a very simple answer to that – make this country so that we do not need anything from those countries. This is more important than building roads and would save enough money right here in the US to build a realistic infrastructure around wind solar and tide energy, which is clean and green. My GOD, with just what we spent in Iraq in the past five years the US could have installed coast to coast wind generating towers. This may also serve to stop the carnage, which I believe is caused by our presence in those countries

The way to do that is:

You have a Spending Bill, TARP money and close to a trillion dollars. The smartest way to spend that money to solve this problem is to spend it all on solar, wind and lets not forget the intense power of the oceanic tides and currents which flow constantly. There is much to be said for our schools, colleges and institutes of technology in this country and I am sure that we could come up with a way to use the billions and billions of gallons of tidal water and the wave action in the oceans to make the power that we need and generate the power that we need strictly from this country’s technology and resources and that is not to mention using coal –clean, passive and non-pollutant is key to winning the hearts, minds and respect of the world, not to mention the jobs this move would create. It is the only way to go and it is the future of our country because this technology and whatever we develop in this country; eventually the world will follow behind. Once we get it together the rest of the world is going to look to the US for these answers that we provide right now. Once again the US will be looked on as the leaders that we really are and we will reap the profits to prove it. The resources are primed and ready in this country now, I understand Boeing and other major aircraft companies are now troubled by our economic woes and they have, with a little retooling, the capacity to handle the wind turbine builds. Our problem needs to be addressed as if were addressing a war situation, with great tenacity and vigor; the enemy is stealing everything that makes our country the great country that it is.

What is now seen by many as near disaster could be turned into the greatest opportunity that this country has ever had. You’re in a perfect position and the timing is impeccable for you to seize the moment. Once we do that and we do not need oil anymore the benefits would be so great. Imagine us not having to spend the trillions that we are spending in Iraq, Jerusalem and Saudi Arabia to prop these guys up over there. If we do not need them anymore, we won’t have to pay them and we won’t have to keep a military over there. The benefits are phenomenal. We could keep our military at home at maybe even concentrate it on our own borders where we have drugs coming in from Mexico and I am not so sure that these radical terrorists type people that have been plaguing our country aren’t starting to work south of the border there on us from Mexico. With the money we save we may even be able to help some of the less fortunate countries with the very real problems they face like starvation, disease and drought. Picture this, China and Russia moving into the Middle East and getting a little dirt on their hands for the oil. After a few years of that they may want to buy some clean technology from the USA.

These are important things for the future of the country and I think that needs to be done.

Let me briefly discuss now the savings and loan crisis. It is not so hard. Everybody is making a big “to do” about this, but we have a lot of families right now getting shipped out of their houses because they cannot afford their mortgages. There are a lot of reason these mortgages are turning bad and not getting paid. One of the reasons is the ARM’s (adjustable rate mortgages) that these people bought into and failed to adjust to the increase. The people who sold these mortgages are no better than loan sharks – Congress needs to outlaw this practice.

The solution to fixing it is:

Instead of giving tons of money to Wall Street to bail out all of these bankers and crooks that want to buy jet planes and pay themselves exorbitant bonuses and salaries with the taxpayers money, and banks that want to buy other banks with the taxpayers money while they make windfall profits on the taxpayers back instead of doing that – save that money, send it to Fannie May and Freddie Mac, put someone in charge of making some new regulations for Fannie and Freddie so that they can buy the bad loans from the banks for the face value of the principal. At least you’ll be able to monitor where the money goes. Then help the home owners out who still have jobs with a low interest rate refinancing. Pro rate these loans on their ability to pay and have them audited every year so as their income increases so does their responsibility to bring their loan closer to the current prevailing rate. During this bailout period, they should be contractually restricted from using or applying for any additional credit until they make enough income to bring their income up to meet the amount needed to pay the prevailing rate of interest and can refinance at a conventional mortgage. New legislation is needed from Congress to stop the practice of taking equity on mortgaged property to pay off credit card debt. Also credit card issuers should not be able to issue any more cards that have allowances for increases in interest rates for past purchases and only allowed to increase their rates after 30 days notice to card holders and only on future purchases and not existing balances. Anything less is no more than pure robbery. Congress did no more than warn the credit card companies that that they now have till 2010 to fleece the card holders with that piece of crap legislation they just passed. They need to be slapped for that one.

I could be instrumental in solving these issues because I understand what is happening in this country today.

A lot of people, who are going under financially, are using their houses for MAC machines. Basically, all that bad debt is stuck on the property that the property values are going down. There needs to be some legislation put in place to stop that practice.

Property values would not be going down if people could stay in their houses. One reason why they cannot stay in their houses now is because for the most part is because of credit card debt and ARM’s. It is killing everyone.

I have all the answers and the ways to fix these things, this country’s economy is not that complicated and these guys on Wall Street aren’t any better than a bunch of petty thieves and I commend you for what you said to them on the news the other day that it is wrong for them to do what they are doing. However I don’t think they will stop laughing till you sick a task force of special prosecutors on them and form some meaningful legislation with teeth. We have these companies like Boeing in this country, I am not sure about McDonald Douglas, but I know that the airplane building industry and boat building industries are having a lot of problems and both of those industries are perfectly capable of the necessary hardware to build wind turbine equipment for generating power from natural resources like wind and tides.

There are a lot of places like Cape Haterus and Chicago (as you well know) that have the winds that could produce power without the need for oil. (using wind turbines). Boeing makes wings and they are laying off people out in Washington that I just saw on the news.

The electrical grid is another worthwhile investment – it is hard to fathom this country’s capacity to produce power, it is enormous. And to know that more than half of the power that we produce just gets turned around and grounded out because it is produced at the wrong time and not in the right place, and I totally agree with what I heard you say about reworking our power grid and believe it is another necessity.

That should be our main concern in this country – to wean us off the foreign fossil fuel titty.

I would be glad to sit down with anybody and help anybody you have in charge of these different things. You have some really good people and really smart people and I would be grateful to sit with any one of them and help them work things out. You have real good people there and I have seen so many Presidents in my day, I am 55-years-old and I have watched them come into office with all of the best of intentions and you know what they say that the road to hell is paved with good intentions, but you have to have a solid plan to pull this country out of where it is at. The good intentions are great but good intentions without a plan is not going to go very far and you can get lost in the sauce with a lot of people barking at you with their special interest and their hands out wanting something in one direction or the other. Focus is the key. It is easy to lose direction, but if we do not get off of this oil it could be the end of the world the way things are looking. I wouldn’t want to see that, I love my country and I hope that you will take my letter seriously and hopefully maybe I will get a chance to talk to somebody important.

I am nobody important – I am not Joe the Plumber, just Fred the Carpenter a guy from New Jersey that spends a lot of time thinking about the things that we need to do in this country. I do not even have a formal education, but living in this world for 55 years it is so clear to me what has got to be done. It seems like a lot of people do not know how to go about it; I believe that I do.

Like I said, Fred the Carpenter – not Joe the Plumber. I completely volunteer, I am not looking for pay or anything. I would donate my time and services just for the sake of seeing the country that I love get back on its feet. I know that is why you ran and that’s what you’re all about. I heard you say on television, “You know how I roll” and I think I do know how you roll. I need an outlet for this knowledge that I have to help my country. As I said, I do not want pay I just want to sit down with the right people to see that this gets done.

Thank you very much.

Respectfully,

Fred H. Gollatz, Jr.
538 Lynne Drive
Clayton, NJ 08312

609-6343-2939


Kevin   February 4th, 2009 9:49 pm ET

Larry our economy will never and can never go back to the way it was. Our economy was only booming due to the poor decision making of consumers , waiting for that sunday paper to find the latest ad's that read No Interest till 2012!!! ... the reality is that we are all smarter consumers but with that comes a price. Ironically our economy cannot survive with smart consumers. It is a shame but a truth we must all come to face.


Mark   February 4th, 2009 9:49 pm ET

Im sorry are these two gentlmen on our planet?
Thank you Barbara, Thank you Thank You
Someone please help the people who have lost there jobs & don't want to lose there homes. The bank that has my mortage, at this point seems like they are unwilling to want to help me. After they recieved 25 billion in tax payer dollars.


Kelly Marcotte   February 4th, 2009 9:49 pm ET

Larry, I can see one of your guest must be on Obama's wagon. He is definetly missing the reason we are hear is that the goverment felt the need to put everyone in a home even if they couldn't afford it.Thanks to Fannie mae and Freddie Mac. I am in Real Estate in CA an we are seeing the fall out. I am hoping that the stimulas package that they keep talking about will be go toward the housing situation not lawn for the Lincoln Memorial!!!!!


Leslie Power   February 4th, 2009 9:49 pm ET

I think these two men are out of touch with the average american. My husband has a great job in healthcare, but we are not going out and investing in homes. Who can honestly do that?


Donna B   February 4th, 2009 9:49 pm ET

No longer being able to stay in our home, we filed for bankruptcy. After the bankruptcy went through Countrywide still shows us as the owner and we now owe back payments of HOAs and property tax. How can we still be held responsible?


Gabriel Gonzalez   February 4th, 2009 9:49 pm ET

No matter how much theu say it is a buyers Market those 2 gentlemen have not accepted that Banks are not lending money. They appear to be like lawyers at an accident...
San Francisco


Irv   February 4th, 2009 9:49 pm ET

My question is: when is the media and the various commentators going to show our new President the proper respect due to him and his office by consistently referring to him as President Barack Obama, instead of my his name only?

I know he has a very personable, "guy next door" charm, but that is absolutely beside the point. He is the President of the most powerful nation in the world. Those individuals–who are supposed to be professionals–need to jump and dislodge their heads from their four points of contact (ask an army person to explain) and address the President accordingly.

I have never seen this before. Even after leaving office, we still refer to George Bush as President Bush. In the beginning, we used to call him Senator Obama, Candidate Obama, and President Elect Obama–then suddenly when he becomes the president, he is simply Barack Obama. Come on.

If we are disrespecting our President like that on a constant basis in the national media, what will the international community do? We must stop this right now! He is now and forever President Barack Obama–not simply Barack Obama–and his wife is First Lady Michelle Obama. There needs to be some serious conversation on this matter. This practice is diminishing the prestige of the Presidency and our President. News chiefs, nationwide, need to ensure their reporters and commentators start addressing our President with the proper title and respect due to him.


Quddus Mohammed   February 4th, 2009 9:50 pm ET

Larry,

You are too domestic....Better shift your focus on broader issues that impact world....Never seen anything on Africa for example. Bring Nelson Mandela. Work to bring change this world.

Thanks


Kelli from Tampa   February 4th, 2009 9:50 pm ET

I am sorry. How was this guy homeless? Was he in a shelter? Living in a car? It does not sound to me like he REALLY knows about being homeless. Most women and children are leaving domestic violence situations, many homeless have mental illness. Most of the women and children (who are fastest growing population of homeless) are hard working mothers who do not get paid enough (thanks Lilly Ledbetter) to AFFORD HOUSING IN THIS COUNTRY. Sorry this guy is going to have to EXPLAIN his homelessness because I am not buying his "short story" he just gave.


bertram murphy   February 4th, 2009 9:50 pm ET

I can no longer believe a single word that the "conservatives" say.

Nor can I believe any longer that they care one iota about this country save what it can do for them–vicious, vindictive, venal, spiteful, mendacious, self-centered, hateful, hypocritical, greedy, classist, obstructionist and banal all come to mind.

To think that I once subscribed to their lies and voted for them just goes to show how gullible I once was. No more.

Never again.


Richard Baringer   February 4th, 2009 9:50 pm ET

Why can't the government require all banks and loan company's to let people refinance their homes at 4% interest and no closing or refinancing fees and regardless of their credit rating with the government backing the loan?


Susan D'Alessandro   February 4th, 2009 9:50 pm ET

I'm glad people are starting to realize this country is made up of little guys too! For instance, CitiBank and all the others who got millions & are still acting like the spoiled children they are: After punishing their best customers with high interest rates (in my case more than a 6% jump) with no warning to pay for everyone else's sins, the government finally stepped in BUT the restrictions don't take place for another year; YET when they have to be "disciplined" by limiting their extravagant pay it isn't retroactive?


debra   February 4th, 2009 9:50 pm ET

I love Anderson Cooper but it is down right rude to refer to the president as Mr. Obama!! Every time I hear it, he slips off my pedestal.


Mukesh   February 4th, 2009 9:50 pm ET

Larry, Please get Mr. Robert Kiyosaki OUTTA your studio ASAP. He hasn't contributed ANY productive, practical advise in managing our money or house or jobs.

He is absolutely vague and evasive and lofty, if you will.

Thanks.


Dianne   February 4th, 2009 9:50 pm ET

I think we have too many US companies in other countries! HP for instance is employing over 350 people as support team. Thats money that we could be paying our own citizens of this country! Jobs that are needed for all of our unemployed... and thats just one company. Think of all the other corporations that are doing the same. I hear its because we as americans expect to be paid too much, and they can employ people in other countries for so much less pay. Maybe if our prices were to come down, the american people wouldn't have to make such high wages. Thats my take on one of the big problems in the united states!!


marjorie kimball hendersen   February 4th, 2009 9:50 pm ET

Our Representatives and Senators were ordinary citizens before being chosen –but maybe they need to loose their jobs for the next year or two–Join the unemployed–So far they have not had to suffer as the people in the'economy'–Money is what makes everything move–the President has not been brainwashed as many of the American people–however many woke up voted the CHANGE–Republicans 'took"–Democrats can do what's right and give what we need. Not only JOBS–not everyody can work–I am 83-worn-out fingers and bones-body-but my brain is alert and my heart works–I and otheer will spend money too..and when we pass on–any we didn't spend will get spent–to Keep America alive../


Lynn   February 4th, 2009 9:50 pm ET

Your 2 men guest are clueless!! They have not directly answered any of your questions. Why are they telling people who are losing their homes to go out and buy real estate? When you ask a questions like what options do people have who are losing their homes, why can't they list 2 options instead of fluffing the answer.


ray   February 4th, 2009 9:50 pm ET

it sounds counter-intuitive, but sometimes financial education can be dangerous,
sometimes, when people "learn", they dont really learn, they just think they do.
a little knowledge is dangeorus.


Liz   February 4th, 2009 9:51 pm ET

I believe a special banking system should be set up where everyday citizens can apply for loans to keep their houses...put the trillion dollars there.


Jacque in WV   February 4th, 2009 9:51 pm ET

Larry you know it's a shame that nothing that President Obama will do will be good enough for some. It's really a shame because in his short days of office he has done so much already. What is America afraid of? I know, maybe they're afraid a black man will straighten out all this mess.


Sharon California   February 4th, 2009 9:51 pm ET

Would it make a huge difference if the mortgages were extended to a 40 year vs th e30 year now in use? It seems more families would qualify for homes since wages do not keep pace with inflation


brad   February 4th, 2009 9:51 pm ET

Sit on your money? When the G is printing 25% of our GDP that will cost you an arm and a leg, by real estate


Micheal   February 4th, 2009 9:51 pm ET

I own a real estate company and most of my business is helping homeowners out of foreclosure by either a short sale or loan modification. I have been doing this for several years, and now more than ever it's become more and more difficult for lenders to assist homeowners. Calls aren't being returned, workouts are being negotiated, and they just don't seem to care. It's time the American public know the truth, and the truth is that lenders are NOT willing to help those in need.

Ft. Lauderdale, FL


Dan Holmes   February 4th, 2009 9:51 pm ET

The new president is as confused as anybody else about what to do about this country. He is an opportunist who found and took the most expensive opportunity that will cost all of us dearly. He rode in on the great white horse as The Great Black Hope. And already, he is losing miserably - but he keep dupings the people who fall into some kind of stupor over a lot of good-sounding words that mean absolutely nothing. The idea that he is now setting himself up as the Congress and decider of pay. Pretty soon he will emerge as some type of modern dictator - right thesre in the White House. It looks to me like the White House is turning kinda Black already! And its making a lot of people uncomfortable. And rightly so! Obama is scary!


John (Brooklyn)   February 4th, 2009 9:52 pm ET

It is rich for Barbara Corcoran to criticize the government for not helping the 'little guy' who has a mortgage he can't handle. The company she used to own that still bears her name have the worst reputation in the New York region for consistently artificially raising property prices and creating the very bubble that got us into this mess.


Marc   February 4th, 2009 9:52 pm ET

I think that if the gov't is bailing these huge companies out with "our tax dollar" then its only fair that our credit debts are wiped clean so we can start all over. This will give all americans the opportunity to make better decisions and it'll relieve a boat load of stress off our shoulders. If you're gonna take our tax dollar to bail out these companies then you should give us something in return. A $600 check isn't gonna make anyone spend a dime.


brad   February 4th, 2009 9:52 pm ET

You can't change our environment so count on it. If you could print money you would too.


Janice   February 4th, 2009 9:52 pm ET

What if we were to do away with FICA taxes; permanently or even temporarily? THat's a pretty huge chunk of taxes that get paid every week by not only the employee, but the employer...because the employer has to match it??? That would keep some small businesses afloat a bit longer


ANONYMOUS   February 4th, 2009 9:52 pm ET

Why don;t you discuss what is happening to the residential appraisal industry with the new HVCC law (Home valuation code of conduct.) (implemenation on 5/1/2009)
Banks are going to be utilizing third party management companies to dish out their work to appraisers and take 50% of the fee which appraiser have received for years and they do absolutely nothing , because they do not want the liability of having proper firewalls at th bank. Every bank should order their appraisals like they did before from a local appraiser than utilize management companies. Management companies hire the cheapest appraiser for the fastest turnaround and quality is not important. What do peiple think is going to happen to the Real estate Market. You could do a whole show on appraisers, bankers, and Appraisal management companies and how this is going to impact our Real estate economy.


change in my pocket   February 4th, 2009 9:53 pm ET

BARNEY FRANK AND CRIS DOD HELP CREATTE THIS

HOUSING MESS

BEING INSPIRED AND "HOPE" DOES NOT PUT FOOD ON THE TABLE.

NEITHER IS PRINGINT MORE MONEY


samuel trani   February 4th, 2009 9:53 pm ET

what do you guys thiink about the econimy and barrack obama


Melinda   February 4th, 2009 9:53 pm ET

I love what Robert just said – "I don't want Obama to save me". It's not our government's role. I'm concerned about the mindset that the government will take care of "me". That will never move us out of the mess our country is in.


mike   February 4th, 2009 9:53 pm ET

i am a veteran. lost my company because my democrat governor has a rule if you have debt they can take your license which in turns means i cant make money. i lost my house and am looking for a job. cant claim unemployment. what do i do?


Judy in Dallas   February 4th, 2009 9:53 pm ET

I think that it was in poor taste to have guests touting that it is a great time to buy real estate, including foreclosures. We have 11M people who are unemployed which probably means that they are having a difficult time staying in their homes.


Rosa   February 4th, 2009 9:53 pm ET

It is very true that the government hasn't done a thing to help the homeowners. We were about to be foreclosed on, and we went thru the advocacy department of Countrywide Homeloans, and they just threw at us a loan modification that would drop our intrest rate from 11.375 to 10.375 which was only a $10.00 difference, and it would stay at that rate for 5 yrs. then it would drop to the current interest rate in the market. Now you tell me?? What kind of help is that for us homeowners?? I think that the government should interfere in this matter, because these banks are taking away the Dreams of many Americans..... which is to own their homes. Due to their extreme greediness. Thank heavens for President Obama, I hope he does restore this dream back to us all in this blessed nation!! ~~~ Allentown, Pennsylvania


STOOMZEE.com   February 4th, 2009 9:53 pm ET

Change Your Perspective and Change Your Life

Northport, NY


steve   February 4th, 2009 9:53 pm ET

Tell your guest Barbara that it really helps ordinary Americans struggling with their finances to hear her brag about selling her business for 66 million dollars. Thanks for the useful info!!


Peter   February 4th, 2009 9:53 pm ET

Hey Jane Wilson If it is broke don't let your bank push you into a situation where it gets broke. in other words you doing good now i would leave it, your bank most likely only wants you to help them bail themselves out with your extra money and if they fil you now loose alot more


Angela   February 4th, 2009 9:53 pm ET

The stimulus has items to motivate buying. What is being done to keep people in their homes. What about mortgage devaluation? What strategies are being proposed to keep people in their homes who've lost jobs and have gone to lesser paying jobs? Wasn't this a major problem this bill was supposed to addresss?


ray   February 4th, 2009 9:53 pm ET

larry..go into a walmart store and see who is buying what ,then check the tag to see where it is made.then ask yourself why this can't be made in america. why do you have these big cargo ships coming from china with cheap goods and why can't america make these items. bring these products back too the states and then america will go back to work .have your walmart stores sell 90 % of american goods, this buy american package is good and bad ,your nieghbours from the north are not hurting the states in other words they are helping the states out ,we give you oil,natural gas,hydro,water,and trees for pulp and paper, i would like to see another country that does this . it should be read buy north american


Adam   February 4th, 2009 9:53 pm ET

Barbara, ashamed to be an American. Why are you here?


ray   February 4th, 2009 9:53 pm ET

yes! we must accept and understand our fates.
we must look at the situation and for our own good, decide how to improve our situation, Government cannot always bail us out.
I knew this one kid once who had rich parents. He became a loser because his parents always bailed him out!!!
let us not be like spoiled brats with rich parents!!!!


Adam Friedensohn   February 4th, 2009 9:54 pm ET

Dear Mr. Trump,
By the way, I should add to my above comments that I have founded and operated several companies in the fields of solar energy, electric vehicles and have had experience in engaging the US government in contracts for specific outcomes. I have also accepted loans and investment in my company that have come from benevolent sources.
In each case these inputs come tied with some reasonable performance criteria.

I feel that you are also absolutely correct in all your statements today made on the air especially about how we have become a thrashing post for other more agressive foreign economies. It is like being a fighter being forced by the referee to play by the Markus of queensbury rules when the opponent is alowed to use hand grenades. If our own US economic policies for foreign direct investment are not on a reciprocal basis, we are certainly idoits. Ask my old college buddy Rahm Emanuel. I'm sure he'll agree. If he doesn't let me know.

Adam Friedensohn


Alice Everitt   February 4th, 2009 9:54 pm ET

February 4 at 9PM - In the Carville group some man named Larry SO UNINFORMED - ignorantly ranting on about FDR and the Depression. The facts are that FDR was advised by John Maynard Keynes to create jobs. FDR did that and the Depression began to lift - and, after three years, BECAUSE THE DEPRESSION WAS LIFTING, FDR STOPPED creating jobs and the country slipped back into an economic depression which was then lifted by the production required by World War II. Larry should have informed and educated guests at these roundtables; there are often young people watching his program - at least give them the correct facts.


Bianca Vassegh   February 4th, 2009 9:54 pm ET

Dear Mr. King, today 2-4-09 at about 6:00 PM Pacific time, I was at the Macy's department store, when I heard someone on TV say: "Banks are not lending and if you are a prime client/customer your are not able to obtain a loan". This is not verbatim , but Mr. Trump should guard his words, as they are heard by many people that don't know any better. Just for his information I am refinancing with Bank of America and they are so busy that this process is taking more than 60 days. In addition, my son , 5 of his friends and several of my friends all have been approved for loans, so PLEASE let's not spread any more PANIC than we already have ! BE RESPONSIBLE !!
Thank you for your time !
Bianca Vassegh


Quddus Mohammed   February 4th, 2009 9:54 pm ET

Re: Trump on economy

Sorry but the current crisis was caused by Mortgage and Banking Crisis and not Opec....Trump is misleading Americans.

Thanks


brad   February 4th, 2009 9:54 pm ET

Paying off our credit card debts would be great. But the Gmen want you in more debt not less, so we spend it. They give it to the banks to loan to us to by stuff...I agree it's BS.


Brandon   February 4th, 2009 9:54 pm ET

Will the 819 billion dollar plan work?


Alicia   February 4th, 2009 9:54 pm ET

I am a single mother of one taking care of my brother who is in a vegitative state. I work 2 jobs also. I have been looking to be a first time homebuyer, and after fixing my credit so I thought. My credit score has been dropping dramaticaly. No lender will talk to me. So how am I to purchase a home with no lender willing to speak to me. What should I do?


Liz Robinson   February 4th, 2009 9:54 pm ET

Chaney didn't have much to say and was rarely seen during his tenure as Vice President and now he wants to come alive and give some advise. Chaney it's work you should have been doing when you were in office. We don't care to hear from you now.


Ken G Mitchell   February 4th, 2009 9:54 pm ET

What about the homeowner who is paying his mortgage but is currently upside-down due to a reduced value of the home? The banks won't touch a refinance! Where is our support? What is the governments plan?


Steve Parker   February 4th, 2009 9:55 pm ET

I am 54 and have 14% of my income going into the the company 401k...should I reduce that amount to 1% and use the cash elsewhere?


Jim   February 4th, 2009 9:55 pm ET

We talk about all the billions going to the banks but yet the real people in need not getting funds to stay in house or live on no income after being laid off from jobs. Would not the funds be better spent by providing each American (paying taxes) a sum of money "say $200.00" to be tied directly to ones own personal debt? Pay off the house, reduce forclosure and credit card debt which in turn trickles up to the financial instutions? Those with mininal debt could in turn invest or purchase anything they want.

Assume this could be a program tied to current tax returns data.


Alana Morgan   February 4th, 2009 9:55 pm ET

I want to know why I just found out that WELLS FARGO bank says they own my loan on my house? Second, my husband and I have spent over one year to get Lime Finance, who we purchased our home with to find out they are bankrupt and Wells Fargo won't work with us unless we pay them FULL PRICE PLUS PENALTIES AND INTEREST PLUS THEY WANT 81/2%. Now does that sound like a bank that received MILLIONS OF dollars and wants to help any homeowers or does it sound like a bank that is only concerned about his bank looking good to it's shareholders and pay out big bonus's? I'm afraid it's the latter since no one in our Government put conditons on this Bailout money for BAD PAPER!!!

Sincerely,

Alana Morgan
Las Vegas NV


mary   February 4th, 2009 9:55 pm ET

How do you expect us to buy gold or silver when noone is spending any money and the pot is dried up? Do you think we will be in social unrest and a civil war by year end?


Kofi   February 4th, 2009 9:55 pm ET

I am confident i can create 10,000 jobs in the next two years, but i don't have the capital, my only asset is entrepreneurial spirit. What is your advice to someone like me, i have plenty of potential going down the drain, but i have no voice, although its my optimum desire to be able to create jobs and help other people in my own small way.


Cathie   February 4th, 2009 9:55 pm ET

The best way to help all America's is to cancel all interest on all homeowners for 5 years. In five years homes could be paid for. Money would be freed up to spend for home inprovement, autos vacations etc. If you cannot get your home paid for in 5 years at least it would be paid down. Interest would be added slowly. You would feel like the home was yours more than paying a bank for 30 years.


Julie   February 4th, 2009 9:55 pm ET

I did not understand Robert's comment about the banks printing money. They can print money out of thin air? Is this the reason we are in this mess? Spending money out of thin air? Doesn't the Fed Reserve monitor this?


David Wissinger   February 4th, 2009 9:55 pm ET

I am requesting follow up comments to my recent comment to you.


Renee   February 4th, 2009 9:55 pm ET

Barbara Concoran - I put $66 million under my mattress for 2 years! Give me a break! She should be proud to be American!


Zach Evans   February 4th, 2009 9:56 pm ET

How much of this recession is based on human emotion? How is the media and economists telling us we're doing terrible every minute affect the situation?


Ed   February 4th, 2009 9:56 pm ET

How can any real substantive help for struggling homeowners either be absent or become such an afterthought in a 900 billion "stimulus" package?


brad   February 4th, 2009 9:56 pm ET

Rich Dad Poor Dad... you are so right about the FED... The hardest thing about investing is reading the Chairmans mind.... how do we get rid of it?


ray   February 4th, 2009 9:56 pm ET

what an interesting panel.
they give off good vibes.


STOOMZEE.com   February 4th, 2009 9:56 pm ET

MONEY will become obsolete in the future

Be happy to be healthy and alive.


Phil Nicolay   February 4th, 2009 9:56 pm ET

Your experts have not told us if it is to late to bail out of the stock market anticipating it going lower.


Pam   February 4th, 2009 9:56 pm ET

Everyone makes it seem so simple. If you DON'T have GOOD credit, you CANNOT buy anything now.

I am about to loose my house. My mortgage company said they would work with me. However, they have raised my monthly payment. For the life of me I can't understand how this is helping me.

Pam


ANONYMOUS   February 4th, 2009 9:57 pm ET

Why don't you discuss what is happening to the residential appraisal industry with the new HVCC law (Home valuation code of conduct.) (implemenation on 5/1/2009)?
Banks are going to be utilizing third party management companies to dish out their work to appraisers and take 50% of the fee which appraiser have received for years and they do absolutely nothing , because they do not want the liability of having proper firewalls at the bank. Every bank should order their appraisals like they did before from a local appraiser instead of utilizing these appraisal management companies. Management companies hire the cheapest appraiser for the fastest turnaround and quality is not important. They only care about their profit margins. What do people think is going to happen to the Real estate Market if this law is implemented? You could do a whole show on appraisers, bankers, and Appraisal management companies and how this is going to impact our Real estate economy.


Rita Pizarro   February 4th, 2009 9:57 pm ET

My boyfriend and I just started a business 2 years ago while living in Hawaii after meeting Robert at one of the rich dad seminars. Thank you so much. You gave us the push to move foward and not stop. Although we have struggles during our start up we are using everything as a learning curve and have the courage to be on top, having our own business and knowing that the american dream is obtainable as long as you work for it and keep your chin up.


Gina   February 4th, 2009 9:57 pm ET

I hear everyone saying now is the time to purchase a home if you have good credit, but what happens if you lose your job or the company you work at folds without notice. Isn't that repeating history all over again. I would think everyone should save their money for the unexpected.

Your thoughts and comments are welcomed


ray   February 4th, 2009 9:57 pm ET

2011 is the year!
i think!
if not, WE IN TROUBLE!


strshn215   February 4th, 2009 9:57 pm ET

Why do we give illegals handouts, now to give them Social Security, WHY?????? We all paid into these systems for aid to Americans who built the funding starting with our grandparents and great grandparents......... Why do we hand out to everyone , non-productive people or who work off the books and do not ever deal with taxes. To me thats alot of money.................................................and all those babies, our burdens too....................................


Sara   February 4th, 2009 9:57 pm ET

Hi Larry, my comments are short and sweet. Tonight's show indicates just shows what a profound mess this country is in. Your guests tonight, Barbara,Rober, and Don are all speaking the truth but they are all speaking to different demographics within our society. Robert speaks to those folks that are like Barbara says, "sitting pretty, are ahead of the pack and can afford to acut their lossses". Barbara is speaking ot theeverydad "Joe" for whom "This is it" works form paycheck to paycheck. Don speaks to the the folks who are finaincially stable and can afford to take advantage of the low rates and affordable housing market...let's hope the banks lend these folks money. It strongly indicates that the stimulus package MUST include conditins that impact all three groups.
Regards,
Sara


Peter   February 4th, 2009 9:57 pm ET

Quddus Mohammed Bush policies, wall street / big banks and Opec had alot to do with it. 4 dollar a gallon gas hammered the auto industry badly and that is very real Opec may not be number one but i would put it in second place


robert salisi   February 4th, 2009 9:58 pm ET

hi!
my questions is how is a good time to refinance , when the bank is asking us to pay clossing cost.
is this ok.???


Alicia   February 4th, 2009 9:58 pm ET

Why should I try and get a credit card and pay on interest on it when I have the cash to pay for it upfront. That's the problem with today the lil guy always keeps gtting kicked down. Waisted money being spent.


Peggy   February 4th, 2009 9:58 pm ET

I really wish everyone would begin to address the President by his title. He is our president whether we like it or not (Amy ?) This country will survive if we would all try to work together and strive to be united. I may not agree with everything the president does, God knows I did not with the last administration. However, we need to give this guy a chance. He has only been in office 2 weeks and we are already condeming him if he flushes the toilet wrong.
Rome was not built in a day. Bush and Cheney proved that and we gave them eight years!! We can at least give this guy a chance to get acclimated to the office.


Troy Moore   February 4th, 2009 9:58 pm ET

It makes sense to me to start bailing out the average American worker who is out of work instead of the large finacial corperations and large business "Auto makers". If the American people who are out of work were bailed out then that would free what little income they are recieving to help start the economy moving foward. You cant sell cars to people with no jobs. You cant sell a house to someone who has no job.


Robert Baugh   February 4th, 2009 9:58 pm ET

Why isn't anyone focusing on those of us who own or pay a mortgage and have a heloc which banks now won't refinance at a favorable rate although rates are supposedly at all time lows? What do I do?


Teresa Gil   February 4th, 2009 9:58 pm ET

Why is there only 3 months to foreclosure on a house? I believe this is the biggest problem in America to so many foreclosure. People that rent get up to a year and don't even pay rent. People that own homes have put all of their savings into their homes, and this is big money, thousands, and a bank thinks that a couple of thousands of dollars entitles them to kick the owner out of their home. Why not give the owner a year to live in their home and give them time to accumulate money, look for a job, do something.... maybe there wouldn't be so many foreclosures and the economy would look so dismil. I find this so frustrating. The answer is right there in front of everyones face and no one sees it. So there it goes, so many foreclosures, houses sitting empty, people depressed with no where to go, and so on and so on.....


mercy   February 4th, 2009 9:58 pm ET

Everybody says to refinance the house, but if they have lost so much value, I can't refi.


Linda   February 4th, 2009 9:58 pm ET

Come on who believes that Lady, is it Barbara with her 66million invest from her sale saying she just sat on it, You know Larry gets some believable people on your show sometimes. I find it insulting for this woman to be telling an average person some made up story about what she does with her money when he had a legitament questions posed to the panel.


Brian Schmidt   February 4th, 2009 9:58 pm ET

Robert.

I read the book that you and Donald did together, and I understand what you mean about being in the fast track of invenstments.

Here is my question. have owned my own business for the oast 14 years. I own my own home, and am in no immediate risk of losing it, but i have sep accounts and 401 K,s and mutual funds that have lost alot of value in the past year.

do you think it is wise to cut my losses on those funds and take the money to invenst in real estate?


Kelli from Tampa   February 4th, 2009 9:58 pm ET

This Robert guy is a total sham!!!!!!!!!! He has no idea what he is talking about.
Thanks to Michael up there-
SQUAT people- DO NOT LEAVE YOUR HOMES.


Mel - Ohio   February 4th, 2009 9:58 pm ET

I am having a tough time any more with the very conservative Republican media mouths. They constantly speak with inaccurate information or of minor issues about the stimulus package on the radio controlled talk shows and several television networks or shows on which their viewpoint dominates. The administration has been very slow to respond to such misinformation and have seen the support numbers suffer.

This is the worst economy I have seen in my 54 years of living. I hope that people can remember that the position the conservative Republicans still promote got us into this mess. Tax cuts will not generate the spending that is needed to get us out of this mess – most economist who have won major awards agree. In addition deregulation has certainly proven to be false. Also the current situation proves that business leaders cannot be trusted to do what is best (i.e. the most recent actions even after abtaining government bailout money).

If the conservatives cause this package to fail and the economy gets even worse, I hope a conservative never holds any political office again nor is heard on radio or television. More reasonable Republicans have to be out there. Obama also has to do a better job of selling the package because of all the misinformation that these conservatives can pump into the airwaves.

Please get a real expert on the economy to talk about it. Who says that you must present both sides. You should be looking for accuracy. All these situations promote is people who have opposite views and often spout misinformation while in an argument. Please select a Nobel Prize winner in economics to really discuss the values (good and bad) of the package. But stop getting biased people who cannot speak realistically about the issue. They just argue and confuse most people.


Anne   February 4th, 2009 9:59 pm ET

Hey, don't just focus on housing. Your professionals recommend only cuts for those buying a house. I struggled for years, did not over indulge in material things and have paid off our house and now I get nothing! – Hey you need to recommend fairness across the board. Give me a break too.


STOOMZEE.com   February 4th, 2009 9:59 pm ET

I'm selling a 1919s penny for 19 million dollars –

Anybody interested?


Liz Robinson   February 4th, 2009 9:59 pm ET

Robert seems to be selfish and uncaring of the little people. Just so you know Robert I have never had the government pay for anything for me. I worked all my life and retired and have lost a lot of my retirement due to nothing that I did. Robert should never be on any kind of panel and has no good advise for anyone. He almost sounds like a idiot.


George Panteloris   February 4th, 2009 9:59 pm ET

I own a mortgage company that employees 80 employees. FHA is NOT making it easier for a client to buy a home nor is Famnnie or Freddie. They have all raised the bar on credit score and have made it a lot harder for our citizens to buy home They raised the credit score requirment to 620 put most people with shaky housing history payments out of reach of refinancing and saving their hom

George panteloris
502-645-0005 cell


John   February 4th, 2009 9:59 pm ET

Larry,

Robert is saying that schools are teaching our students about marketing, financiing, money, etc. Our school district, Cape Henlopen,
has been teaching these classes as a career pathway for years.


Joyce   February 4th, 2009 9:59 pm ET

Why are corporations getting tax cuts when they are sending jobs overseas????


mary   February 4th, 2009 9:59 pm ET

How do you expect us to buy silver or gold and the pot is dried up and noone is willing to spend any money? Do you think we will be in social unrest and a civil war by winter? The wage earner is basically still working and when you take their jobs away and their unemployment runs out what happens next?


Cindi Pattison   February 4th, 2009 9:59 pm ET

ALL OF THESE GUESTS ARE SPEAKING OF BUYING. EVEN IF YOU AREN'T IN FORECLOSURE MOST HAVE HAD THEIR INCOMES DECREASED FOR SOME REASON OR ANOTHER OR LOST EITHER ONE OR BOTH JOBS . JUST BECAUSE THEY MAY BE SOMEWHAT ABLE TO TO PAY SOME OF THEIR BILLS THEY ARE NOT IN ANY WAY ABLE TO TAKE ADVANTAGE OF THE LOWER PRICES OF REAL ESTATE. BANKS HAVE BORROWED MONEY BUT DON'T WANT ANYONE ELSE TO DO THE SAME. WHO CAN BUY A CAR THESE DAYS. HOW IS THE PRESIDENTS BILL GOING TO HELP THE REAL PEOPLE OF THE U.S.A.? WHY SHOULD ONLY NEW BUYERS GET HELP BUYING HOMES? SOME EMPTY NESTERS WOULD LIKE TO DOWNSIZE BUT ARE UNABLE TO GET A BUYER FOR THEIR HOME AND UNABLE TO GET FINANCING FOR ANOTHER ONE? JOBS ARE SEEMINGLY FEW AND FAR BETWEEN AND THE EMPLOYERS ARE UNABLE TO PAY WHAT WOULD BE CALLED A "LIVING WAGE" EVEN WHEN HOLDING DOWN 2 JOBS. IS THE AMERICAN DREAM DEAD???


Renee   February 4th, 2009 9:59 pm ET

Barbara is VERY out of touch! (Larry shocked!) Housing 10 to 20% less! Please try nearly 45% !


Marc   February 4th, 2009 9:59 pm ET

It's very easy to be successful from where donald trump is sitting. But I guarantee you that if he lost everything he had to this sliding economy he wouldn't be ok. He'd probably commit suicide as many wealthy people do when they loose everything because they don't know how to live otherwise.


san in atl   February 4th, 2009 10:00 pm ET

Please first of all we need to address our President as PRESIDENT OBAMA...We would not be in the trouble we are in if it was not for the previous 8 years of a dumb man that never listen to anyone.So those who can't work with this new administration go find GW your previous president and see what he would do... NOTHING....He is living on his ranch enjoying all that debt he left us with.I BET HE'S NOT SUFFERING!!!! We need a stimulus plan to get America back to work....


steve   February 4th, 2009 10:00 pm ET

Larry, what part of the counrty does your guest live? Its bad in Indiana,, prices of houses are way over rated,,,I don't think we even have a house in our city over $300,000 the normal house is about 75,000. The greety people keep driving up prices to make them money.......so get the rich people in check so that the poor can stop paying for the rich.


Sue   February 4th, 2009 10:00 pm ET

Would a land tax help resolve the current economic crisis, by compelling speculators sitting on undeveloped land to move forward with development, and generating new tax revenues from the land tax that would be directed as incentives to businesses that could then be opened on those lands. Land tax was used in War of 1812 to get fed out of debt.


Sharon Hill   February 4th, 2009 10:00 pm ET

I'm really glad Robert can take care of himself. I am sick and tired of people like him judging people like me who are facing living in their cars. I'm unemployed not because I chose to be but because there are no jobs out there. Going and getting a job is not that easy. I've been looking for 16 months because I put my life on hold to take care of my mother. I guess I should have just been selfish and told my mother to take a hike.


Henry   February 4th, 2009 10:00 pm ET

I'm so tired of listening to people afraid of "socialism" and goverment rescuing people. Whatever happened to government for the people by the people ... what's wrong with the "little guy" insisting legislative representatives enact laws protecting people from unscrupulous predators?

Henry


STOOMZEE.com   February 4th, 2009 10:00 pm ET

Good Luck


Sherry   February 4th, 2009 10:00 pm ET

Larry,

If you didn't know that Home values have declined – that is absolutely
sad. Hence, the reason why our gov't can't push the stimulus
bill, because everyone is in a BUBBLE.


N.D   February 4th, 2009 10:01 pm ET

Those guys need to get off from that set he is pissin me off.. he says go get a job, i have applied everwhere in my area and no one is hiring he is on crack just because he has a bunch of money, go by silver and gold. COME ON NO ONE HAS MONEY!!!!!!!!!!!!!!!!!!!!!


ANONYMOUS   February 4th, 2009 10:01 pm ET

People can not refinance their properties because the real estate market has declined due to individuals being able to buy properties at 100%. The government needs to take a point in time and everyone should be able to refinance based on that date like probably Year 2004; otherwise no one can refnaince.


Diva E   February 4th, 2009 10:01 pm ET

I am losing my job in sixty days and I am wondering if my pension will be safe to grow for seven years? Is it a better idea to cash out now and deposit my funds in a CD or money market account, or will my money be safe to wait until the official retirement date?


Scott   February 4th, 2009 10:01 pm ET

NO no no no no! I don't want housing prices to go UP! My sympathies to those who bought houses that were priced well above their value but my area is STILL over-priced. 650,000 for a 1 bdrm? I want these prices to settle down to something I might be able to afford, not go back up.


Maria A Glasby   February 4th, 2009 10:01 pm ET

Hi....What I have noticed about many of the guests on the show is that do not seem to realize that alot of the loans that went bad were due to the loan officers/mortgage companies lying to the buyers. I know it happened to me. In addition, alot of the real estate agents were lying too. Why haven`t these people been brought to justice. Why haven`t we who have lost everything been offered legal help to bring these people to justice !


Fed Up   February 4th, 2009 10:02 pm ET

For everyone, the point of the TARP is NOT to increase lending. It is TO SAVE PAULSON'S BANKING BUDDIES FROM BANKRUPTCY.

If someone deposits $100 at the bank and the bank lends out $1,000 for a "house" ($100 + $900). Then the lender defaults and the house is only worth $600. The bank is bankrupt by $300 (600-1,000+100). The TARP has maybe replaced $150. The bank is still bankrupt.


JoAnne Hengler   February 4th, 2009 10:02 pm ET

These credit card companies should stop targeting the young adults and even high school seniors. I can't tell you how many times my kids have received "pre-approved" credit cards in the mail. They receive them weekly. I just shred them up, but wonder how many poor kids fall for this as a quick fix.


Vernon Derby   February 4th, 2009 10:02 pm ET

What do you think of Americans who are unemployed and have special skils moving to countries like Jamaica in the Caribbean or countries in Europe and Africa where such skills are needed?


Mike Cowan   February 4th, 2009 10:02 pm ET

For Suzie: I would love to refinance my house and home equity loan into one loan, but research seems to indicate that my house won't appraise for the value of the two combined, which my bank said was necessary. I actually have a good deal of cash in my house and have paid monthly for four years (mortgage: 176,000, orig. purchase: 240,000), and my HE is about 26,000, but in today's market, it feels like I'm out of luck.... Any thoughts?

Mike C.,
Grosse Pointe Farms, Mich.


Helen   February 4th, 2009 10:03 pm ET

it sound like your guest Mr Kiyaki benefited from this economic tragedy, listen to him saying " I dont want Obama to bail me out".
What about the middle class screwed by Mr Kiiyaki and co....


sylvia thrush   February 4th, 2009 10:03 pm ET

Larry, I think that the US should bring back all outsource jobs(not the technical ones because we don't have anyone who is educated enough for them) in customer support, customer ordering etc. We have empty buildings in places like Michigan and we should put all unemployeed people to work doing these millions of jobs. Yes, they will be low paying , but the government should subsidise them. This is a win, win, win situation. People get jobs, we have someone who speak english on the phone when we call to complain or place and order, and the government doesn't have to pay all these people unemployment.???? Why hasnt anyone thought of this??


mary   February 4th, 2009 10:03 pm ET

What about the bail outs for the banks and then they are hiring people from overseas to fill the positions they need. How does that help our country? What about wiping the slate clean for everyone and starting over. You owe nothing now and you can keep what you have and if you need anything work and buy it? Would this not help us!


ATL LISTENING   February 4th, 2009 10:03 pm ET

Robert 's advice is not helping out the listeners What he said "cut your losses if you are facing foreclosure". Look Robert, this is not a quick investment for most people to make quick money on. These mortgages were purchased as a HOME for people to live in so when you say to "cut your losses" we are not talking about a profit off an investment property! If the average person was to take your advice, they would be putting their family out on the streets.


Stephen Webb   February 4th, 2009 10:04 pm ET

Larry...how in the hell can you call Robert Kiyosaki – Robert Kiosk – on national TV! Come on – watch the tape and look at his face – I'd be pissed off too!


tjlabey   February 4th, 2009 10:04 pm ET

This was one of the worst Larry King shows I can remember watching. The last thing we need right now are more disingenous arguments telling "the little guy" to stop looking to government to save him/her. HELLO! We "the little guy" et al just BAILED OUT the corporate interests so we could lap up the trickle only the TRICKLE AINT THERE surprise surprise.


Frank   February 4th, 2009 10:04 pm ET

All the people on your pannel , have no clue . They never use their own miss-fortune , in explaining how to get out of the mess that WE, I said WE are in. The gentleman on the left is an ignorant man , what does he do for a living , that makes him so Smug ? To tell the caller to just get another job, and to stop whining .... Too Much !


Steve Paul   February 4th, 2009 10:04 pm ET

Larry, you seem like a great guy with a heart. Barbara tonight gets it. The other two guys are so rich, they don't get how 99% of the country lives or dies on a paycheck. Suggesting a working person go get a job is a lousy way to answer a reasonable question.
Suggestion:
Why not have some real people on your show with these pundits? I'd be glad to come anytime and slug it out with these snobs. They are just like our congressmen and women, they don't get it.

Steve


michael miller   February 4th, 2009 10:05 pm ET

Barbara Cocharan's comment that let's solve all this by 4% mortgages to everyone and anyone, no questions asked, sounds a lot like "drive by mortgages"..umm, let's see maybe we could get Wall Street to securitize these and wow! we can all make a lot of money! Oy vey! (spelling not sure about...I am a goy!).


Betty   February 4th, 2009 10:05 pm ET

It is fine to tell people to get a nother job. I am retired at 63 because of down sizing. I was forced into retirement. NOw the government will only allow me to make so much or they will take one for every two dollars I make. I have to buy my own health insurance. After taxes I will make one dollar . That will buy my gas to go to work. How am I suppose to earn a living. It was retirement or no job. Big choice.


Al Jorge   February 4th, 2009 10:05 pm ET

Ref: Economy/Stimulus Package

I believe the basic role of our government should be to Police, Preserve, & Protect our Social, Political, & Economic systems. Loking at the Economy & Stimulus Package from this perspective I am lead to the following conclusions:

1. The economy is in the current state because of the failure of government to Police & Regulate some aspects of our Economic & Political sectors.
2. In this economy the primary role of our government should be to provide financial incentives to stimulate jobs & advancement of key Unexportable Industries that enhance our national security & prosperity.

I believe our Constitution supports the above expressed views.


marjorie kimball hendersen   February 4th, 2009 10:05 pm ET

shame on this woman on now–Any Honest Realtor will tell anyone having financial problems keeping their home –Stay in it–don"t move out!–get in touch with your Democrat representative and the institution representing the Gov't–your Mayor–Your church–Don't be "Proud'-this is legitamate reason for help whatever you can get–Keep your Home and Family in tack–


Marc   February 4th, 2009 10:05 pm ET

Everyone is complaining about the economy because they don't want to cut back on what they spend. If you're in such a bad situation then you shouldn't be in this blog because you'd be smart enough to cut off your internet access so you can save that $40 or $50 your paying to have it.


Shelly   February 4th, 2009 10:06 pm ET

What Cheney is talking scare tactics again? Get over it; your time in Washington is over. People in America do not want to listen to your continued push and scare tactics! What a way to motivate and anger Americans. Have you read the papers, listened to the news or even paid attention!!!! Our country is in crisis mode and you keep talking about terrorism! Maybe if the Bush administration would have put more emphasis on our economy we wouldn't be in this predictive!


George   February 4th, 2009 10:06 pm ET

Dear Larry,

it's a pleasure being on your show. I think the republicans needs to be more cooperative with the new president who really have the people's interest at heart. the Republicans were in power for eight long years and brought the country to a complete disaster. What were they doing when they had the chance? They are so use to the old bad habits of not wanting to work together as they did with their former presidency, they have brought the same old habits with this new President.

Do the Republicans really get it that while they contineously attempt each day as they have done for the past eight years to be difficult ,uncooperative and unsupportive of the president's approach to deal with the crisis our nation faces that people are without food on their tables each night and this only gets worst as the days go by.

Do the Republicans get the idea that despite what they thought of the President during the campaign the American people still chose to put the President in the White House to lead the nation. After our people has suffered eight long years in the hands of the Republicans we, our people, are now willing to give this new President a chance, hoping to move forward and not having to worry about the same lold bad habits surfacing again.

This is for the Republicans. Please, support and give strength to this new President, allow him to lead our nation dutifully as he so willingly and graciously want to do, and please pray that God continue to give him guidance. Remember , the President now has to clean up and deal with the mess that you Republicans has presented him with.

Good night Larry, God bless you always.

George


Marie Jean   February 4th, 2009 10:06 pm ET

What should I do If an Real Estate Investor bought my house that was in preforclosure and never paid me for my home and envicted me out of my own home?. Now the house is under an investment company but, I have a lien on the house, what else should I do to get my money or my house back?


Ray   February 4th, 2009 10:06 pm ET

It's time for larry to go he just said home prices 10 to 20% lower than their mortages crazy after all that's ben said is he just getting it. Probally not Larry time to wake up


George Dziedzic   February 4th, 2009 10:06 pm ET

Why not stop or limit the imports?

Central WI


Bernice clements   February 4th, 2009 10:07 pm ET

How in the world are we going to recover when the government has let almost all our manufacturing go to other countries. Also, please let the advisers on your show know there are many cities without industry due to moving to Mexico and many other countries. They need to travel thru a few states and see what is going on instead of talking about buying gold, coins and foreclosed homes.


Mary Miller   February 4th, 2009 10:07 pm ET

If lawmakers were really interested in helping the economy, they'd put an end to the "double dipping" law that prevents retired public employees in some states from accessing the pensions they earned. People who worked multiple jobs in the PRIVATE sector are able to get the money they earned but those who did the same, serving the public in some capacity, are penalized in some states. For example, my retired Mother cannot collect her pension from a local school because she collects her social security check. Mom cannot afford anything extra. By allowing her to collect her pension, she could afford to eat out, buy something new and do things that would stimulate the economy. Get rid of that stupid windfall provision NOW! It's very unfair and the people who earned the money should be getting it....NOW!


Lynn   February 4th, 2009 10:08 pm ET

Lack of information and financial literacy is the main cause of poverty doesn't government have some responsibility for sharing the knowledge necessary to amass wealth. wouldn't education be a better way to bailot the economy? Robert is out of touch when he can't sympathise with the woman who counldn't spend $20. That could have been the difference between buying groceries or not. Robert is one of the poeple selling the information that could be taught in public school. Instead we are taught to work 9-5's until we're 65, then depend on the government.


Pamela   February 4th, 2009 10:08 pm ET

I have a question that I really need an answer for. My husband, and I, are in healthcare. We made over 230k last year, and we are trying to figure out what and where we should put our money into. Participate in our 401K plans and also stocks from our companies. We live in the Los Angeles are. We were going to buy 5 units but we didn't feel comfortable taking money from our line of credit or from our 401k plans or the stocks we have as a result of this property requireing 35% down. We were also thinking of our dream house and renting the house we currently live in. Our current house is valued around 550k in this market and we wanted to move to 950k. We are concerned of what we should really do. Should we wait for a certain period of time to get our dream house? Should we wait and just see what happens. We are confussed and just do not want to make a mistake. Please advise what you think we should do.


G   February 4th, 2009 10:09 pm ET

I personally don't like, and it disgust me to hear that these thieves (executive) or/and any top salary employee out there who does nothing but steal money from the poor are having such a good time while millions of people roght now don't have enough food, and/or money to pay for thier daily expenses (bills). We are in a very wrong imperialism. With so much respect for those already on the top hill, but millions right now are hungry, many are crying, and many more are yet to collapse in bankrupcy, because of " professionals" who "care" about society. Middle class people are struggling to get going and moving froward, we pay taxes, and this is how we are rewarded and treated? by taking our money away, and the upper class just wasting it? where are the principles of our founding fathers? Justice for all? is time for middle class people to have a chance, to get better pay salaries, not just micery. Yet, the lower class is being supressed, but i still have hope the one day justice will come in favor of the poor. what comes around, comes around.


Kelli from Tampa   February 4th, 2009 10:09 pm ET

This Robert person is a sham. He is walking around collecting people's cash being some motivational speaker (the money he makes is when you go to his weekend seminar to the tune of hundreds of dollars) and listen to him lie about being homeless and now he is a millionaire. Disgusting.


Bettye Gibson   February 4th, 2009 10:09 pm ET

Larry, Why is it so hard for you and others to refer to our President as "President Obama" and not just "Obama"? It seems to be a going thing to just call him "Obama". It's disrespectful and in bad taste to constantly refer to him as "Obama". He deserves to be called
"President Obama". How much more effort does it takes to address him as "President Obama". Some newscasters have got it right, yet too many seem to be leaving off the proper title. Come on Larry....let's get it right!!!! It's PRESIDENT OBAMA!!!!!!
Thanks


STOOMZEE.com   February 4th, 2009 10:09 pm ET

Change Your Perspective and Change Your Life

GO BANKRUPT – and start your life over!

The US Government is going bankrupt.

Northport, NY


Bruce   February 4th, 2009 10:09 pm ET

If the president is interested in stimulating me, he should allow us to claim our losses on our retirement accounts, on our taxes. I know they'll be taxing what's left when I retire.,


Caroline   February 4th, 2009 10:10 pm ET

Robert's last comment tonight in response to the young woman who said she did not have an extra $20.00 to spend on a coin – his comment was
unkind and said with a hint of contempt.

He does not know her situation!!! It might do him well to realize that there are people out there who are truly doing the best they know how in the circumstances they are in.

It would have been nice if he could have given her a few encouraging words and ideas rather than the arrogant response he gave to her re just getting out there ang taking on another job.


Vickie Nelson   February 4th, 2009 10:10 pm ET

Regarding the 2nd half of your show tonight, 2/4, I am furious! It's fine that the guests may have their millions to go buy what the rest of us are losing, but the answers to the questions and the attitude, especially of Robert, was disgusting.

To suggest we go buy silver when we're struggling to buy groceries, is ludicrous. Donald Trump had just previously said that even people with good credit scores can't get credit so the last 3 guests answers were pointless and derrogatory.

And, if y ou don't have a job and more are being lost daily, as stated, how is someone supposed to "go get a job" to solve their problems???

Also, to move out of your house, file bankruptcy, do a short sale, etc. isn't going to help anyone! To say that we should not look to the government for help and should do it on our on, well, I'd like to hear some stories from people who have been able to do this!

A waste of my time listening to those 3 snobs.Larry, you know better!


Anne   February 4th, 2009 10:10 pm ET

The lenders need to work with the home owners that wants to stay in their homes, now is taking them over 3 months before the lenders can even let this howmewoners know if we qualify or not. This is unceptable, what this homeowners need is help by lowering their payments so they can stay in their homes. If Lenders did this there would be less foreclosures and short sales and this consumeers could continue with their lives.


Barbara Novak   February 4th, 2009 10:10 pm ET

I watched your show with the money gurus and they all seem to think we all make way more money in this country than we actually do. Most people in the midwest for instance, the majority of the workers, don't make much more than 30 K . With houses at the 100K and over these workers do not have a dream of getting into a home of their own. So goes the American dream. If they listened to the Bush administration, and stuck their necks out and bought one of those high priced homes, and get laid off they are homeless. They do not have a chance. But the bankers get off free and clear, and the wall street gentlemen have their bonuses. What a sad commentary on our naive populace. One should never belive in government.


Alana Morgan   February 4th, 2009 10:11 pm ET

Larry,

You have to understand what is going on in America. We all purchased homes in 2005 or so, our homes where worth 40% more than they are NOW. Wells Fargo excepted BAILOUT MONEY for BAD PAPER!!! Bad Paper is the SUB PRIME LENDING. Wells Fargo bank will NOT LEND MONEY OR MODIFY ANY MORTGAGES!!!! We've tried and they refuse so we are suing them!!!! We are not moving out until Wells Fargo can prove 100% that they do own our note, only then if the President does not put a FREEZE ON ALL FORECLOSURES as he promised then we may have to move. What is happeing is that NEW HOME SALES ARE PLUMMETING because of the homes in FORECLOSURE! Freeze Foreclosures for one year and you will see an improvement in months because the banks that are willing to loan to familys that have perfect credit and hasn't had a chance to get their hands dirty will turn to the NEW HOME DEVELOPERS and therefore millions of people will save their jobs in the housing industry. Supplies to build the homes will go up and then again, less layoffs or at least in the housing industry. Force the banks to modify these SUB PRIME MORTGAGES to "FAIR MARKET VALUE" at 3 or 4% and you will keep millions of familys in their homes. Kick them out and you will see a higher Crime rate hitting very soon! That's a reality!!!!

Alana Morgan
Las Vegas NV


Humberto Espinal   February 4th, 2009 10:13 pm ET

Larry, your guests are neglecting to mention that any idea to fixed the housing problem, needs to include the suspention of the FICO Score.
Greed and FICO Score drives lending.


N.D   February 4th, 2009 10:13 pm ET

FOR MARC: I have a $15 a month plan now what u have to say and I still barely make it money wise I pay $300 for gas and $200 for electric... and $400 for rent and I make $800 a month with unemployment what do you have to say about that


Claudia   February 4th, 2009 10:13 pm ET

We recently moved to Colorado Springs from a small town in Ohio. We have a lovely home in Ohio but can't sell it in this economy. Our mortage bank will not refinanceit with the lower interest rates because it's on the market. What do we do?
Does the same bank that we've worked with for almost ten years just want us to loose this house and then they will get it? Our credit is excellent. What gives?!


Marci Vasquez   February 4th, 2009 10:14 pm ET

Hi Suze!

I would like to start a college fund for my son. What do you recommend is the best step for me to take with this financial crisis we are in? Can my son's college fund be affected by our economy? Is it smart for me to go with a bank to start a college fund? Please advise.

thanks!
marci


A. David W   February 4th, 2009 10:15 pm ET

Maybe GREED is GOOD!

Maybe we need to "Go for Ours" and Dam the the rest.

The folks on Wall Street are cleaning our financial clocks and dancing on our foreclosed graves.

Next time around let's buy less house and bank the rest. Hell were already working two jobs to stay broke. Let keep working and cash out of this game in the future.

Next time around lets Downsize and stack our clips.


Erol   February 4th, 2009 10:16 pm ET

Did you see Kiosaki? wow! it's the usual Republican survival-of-the-fittest mentality. They deregulate so they can make profit, the hell with everyone else. They say you are weak!

The woman calls in and can't pay her mortgage. He says, "go get another job". With 9% unemployment? That means 9% of people cannot and will not get a job, period. That's like saying there is only enough water for 91 people, and 100 are there. Hey, just go force your way in, go get some water.

Republicans just think we are animals. Some live, some die. My tribe is stronger, so what if yours dies. So what is the difference between animals and humans then?

Republicans, under Reagan took housing prices out of the inflation index so they could speculate, drive up prices, and get rich, and we wouldn't notice. Then under both Bushes, they deregulated banks and both times banks collapsed. Bush Jr. helped banks extract your equity with crazy loans, driving up housing again. They are out of control! They get over $300B in bank bailouts and don't have to do anything with it? And Kiosaki is OK with that?

Survival of the Fittest. Kill or be killed. No wonder Republicans love war. If they are not us, kill them.


dalas klein   February 4th, 2009 10:16 pm ET

Larry you otta try and get some people on you show that aren't BILLIONAIRS giving us blue collar working stiffs advice about what we should do, and how to do it , when to do it. WE are the people that make these people rich!! With out us they wouldn't have a pot to PISS in and there wouldn't be no Bailout for the banks. Not one of those BILLIONAIRS would give a dime of there money to BAILOUT anyone including thier own mother.


anthony   February 4th, 2009 10:16 pm ET

Few talk about what can be done to advise individuals and families on recovery from financial failure. Some can't even find the ends, yet alone make ends meet. Why not just give the TARP funds to the people who would get it moving through the economy. If home owners were given TARP funds they would spend it as paying down their mortgage , credit cards, starting business etc.. the money would get to the banks through these hands many can be strengthened. We can take the advise of talk radio host Dave Ramsey! WAKE UP Americans it's time to reengage! SAVE and GET out of debt and commit to living on a budget.
By the way your guest once all is said offer zero help unless of course you have money and credit.


Marc   February 4th, 2009 10:16 pm ET

N.D. you need to cut back on driving. Cut off your internet access temporarily and turn off your lights during the day. Or you might consider investing in that flashlight that turns on when you shake it.


tjlabey   February 4th, 2009 10:18 pm ET

BUY GOLD???

BUY SILVER????

BIG BAD GOVERNMENT ISN'T GOING TO SAVE ME??? No Kidding?

TRY HARDER???? WORK MORE HOURS???? GET CREATIVE????

News FLASH: You CANT PULL YOURSELF UP BY YOUR BOOTSTRAPS WHEN THE COMMERCIAL INTERESTS STOLE YOUR BOOTSTRAPS VIA THE BIG BAD GOVERNMENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


N.D   February 4th, 2009 10:18 pm ET

yeah i am talking gas to heat my home... i dont go anywhere... i stay home and watch tv waiting for a call back for a job.....


Deborah DeVito   February 4th, 2009 10:19 pm ET

This is a question for Suze! My mother will turn 80 in February and the best present I could give her would be some help with her financial situation. She is in great distress with health issues that require her limited resources and the only possibility she sees is a reverse mortgage. As emotionally difficult as it might be I would like to see her sell the house (that has major repair needs as well and seemingly more suited for a younger financially able couple) and rent or buy something smaller that doesn't "own her" at this age. I imagine there are many elders facing this and I would appreciate any help you could lend.

Thank you~ Deborah


Anne   February 4th, 2009 10:20 pm ET

Wed night, just now before your show ended some "joker" pannelist just told a caller who said she lives from to paycheck to paycheck to get another job. What an A....I live paycheck to paycheck and have three jobs. I am a college graduate and can not make ends meet because I can not find a decent job. I substitute teach, I teach music, I do data entry part time and also find temp jobs.
My car broke down, I have car payments, mortgage, car insurence living expenses, I have no health insurance, If I want to get a mamogram that is over $300, so I gave that up this year, I skimp on groceries, The price of gas almost killed me last summer, it is a little better with $2 a gallon. I have no savings left. For all intensive purposes I am destitute. I am single and have no children and it is still difficult. How out of touch this seemingly well educated panalist is. These people have no idea. I love Suzie Ormon but I just laugh.
You are all out of touch. Why doesn't that idiot who told that woman to get another job try to live off a $250 paycheck, go to work for another $100 paycheck and then still get another job for few bucks for groceries. There are not that many jobs out there that pay well and every where I work they make sure they do not give 40 hrs so that they do not have to pay benifits. I have no hope when I hear people like that jerk who said that. However I do believe in The Donald. What Mr Trump said was right on


patti steward   February 4th, 2009 10:20 pm ET

I'm very affected by the economic crises. I was laid off, last month, from a job that I've had for over 7 years. I was 2/3 of the way to retirement, (I'm almost 70) and my investments dropped 40%. I feel as if my money will drain down fast now and that by the time the economy comes back around in several years, I won't have anything left. No one really tells anyone how to survive. The 'experts' just talk like they're a business or a company talking to other businesses or companies. No one is talking to me or doing anything to restore my lost invested money or assisting me in any way. They gave money to my bank in the first bailout but my bank didn't give me any to recoup my investment losses. How do I keep my house? Will I end up living in my car by next year? I called AT&T and Dish Network to cut my bundle back so it's more affordable and they raised the prices and I owe them more now than I did before I talked to them. They won't work with me. If I drop them, I still have to pay for the contract I have with them. I hope some of these companies go under. They don't care about their customers. All they want to do is lure and trap. They don't want to provide a service that is a decent business. They want to get rich quick and outsmart their customers. None of them have stopped their shoddy way of doing business. They want to drain every drop of blood they can, have sky high interest rates and make people pay for getting nothing.


Mary Gean   February 4th, 2009 10:21 pm ET

OMG Larry, That "Richard" guy you had on your show tonight can go back to wherever he is from!! How dare he tell that caller she needs to go find a job, he wasn't even listening to her when she said she does have a job but had been cut in pay!!! My husband and I could not believe what we were hearing, sooo pissed off!! He said American's feel sorry for themselves?? Well if you saw your money being given to the ones that don't deserve it, instead of giving back to the American People you would feel sorry too! That was just too much to handle! Truth be known those 2 men want people to lose their home so THEY can go buy them for nothing and put more money in their pocket!! Give me a break! When is enough, enough!! American's need to take a "STAND" and say "NO MORE"!!!!


denise abbate   February 4th, 2009 10:22 pm ET

Larry, Where have you been. This is the problem today that home values are down and banks were pushing equity lines of credit. So people that were happy a year ago and have lost their jobs or worse still have them but have had dramatic pay cuts are in a deep dark hole. There is no way of climbing out and at this point should we try. I was raised with a "always pay your bills on-time – or else" attitude. So this crisis has hit our family extremely hard. We went from 200K to 35K. What do you do except throw in the towel. We have not missed a payment by using our savings and 401 money but now that is gone and what do we have for it. UNPAID BILLS that we cannot get any help with because we have been paying ontime. It makes you wonder if, the people who buy now and never pay did not have it right. We, the middle class, should now be called the "Suffering Class". I, honestly am not suprised that we are not seeing more suicide happening. It is getting that bad.


les hatfield   February 4th, 2009 10:25 pm ET

The most shocking part of your show was that you did not understand what an upside down mortgage is. Where have you been, under a rock?


Judith   February 4th, 2009 10:27 pm ET

It's time for the GOP to shut up and behind the President of the USA instead of play acting like they are behind the American People.Bush
and McCain kept saying economy was sound when in fact us little people knew it was totally different.Had these people talked to ones that lived through a depression these GOPs wouldn't have been behind Bush.Let me re-track this.The GOPs are playing their games of Washington not thinking of the American people when some are telling ones not to vote for what our President is asking for.He is totally different.He has campaign on what he said that he won't be perfect but he will tell the people the truth unlike Bush keeping the people away from his secrets.
I voted for President Obama knowing that he would be one that will be able to change things.We knew it wouldn't come right away and that will take time while the economy will go deeper.Anyone that thought the economy wasn't going deeper wasn't looking pass their nose.
When Bush was President Sen Obama at that time said their is only one President but when Jan comes and he's President he will tell the People how it is.He's done it.How would this Country be going now if McCain/Palin would have won?How many wars would be in now instead of 2?
I say to the GOP Stop playing your games that you play in Washington.
Stop talking with fork tongues while your looking at the camera.If you people were really for the people then why didn't you put a stop to all the bs of Bush instead of voting with him.We need the package.Why
should the Red States get more tax for foreign plants to go in their States when in fact they get big tax breaks along with the goodies and the American Family Business gets 0 except to pay taxes.And one more question for you GOP there in Washington.Why are you listening to Rush Limbaugh who isn't even holding office?The American people are paying you people not Rush.


Kelli from Tampa   February 4th, 2009 10:27 pm ET

I still say, please do not leave your homes. There is not enough social service money to help. Fight back against the banks and the Republican government who let their buddies on WallStreet have a field day. You and your family will be living in a car. DO NOT LEAVE YOUR HOMES. SQUAT.


Mike P   February 4th, 2009 10:29 pm ET

We still have something like 300 billion left from TARP, and were getting ready to ok another trillion? How much intrest would money like that be making? I have a feeling that the money hungry "experts" in washington know, in fact they are problably counting on it.


Karen Woelfl   February 4th, 2009 10:29 pm ET

I am a 63 year old retired woman invested in American Mutual Funds, which lost around 45 percent of my retirement. Is there a safer place to put this money? I have not heard much regarding what people should do in my age group. I thank you for any advice you can give regarding this matter.

I watch Larry King Live and the Suze Orman show whenever I can.
I want to express my gratitude to both shows for excellence in broadcasting.


A. David W   February 4th, 2009 10:29 pm ET

Maybe GREED is GOOD!

Maybe we need to “Go for Ours” and Dam the the rest.

The folks on Wall Street are cleaning our financial clocks and dancing on our foreclosed graves.

Next time around let’s buy less house and bank the rest. Hell were already working two jobs to stay broke. Let keep working and cash out of this game in the future.

Next time around lets Downsize and stack our clips.


Kelli from Tampa   February 4th, 2009 10:29 pm ET

I just love how when the rich get ripped off it is called a "scheme" but when the middle class or poor get the ripped off we are just SOL and it is our fault!


arlene   February 4th, 2009 10:30 pm ET

question for Suzy Orman

My husband and I purchased a house 1 1/2 years ago – we previously had a very nice townhome, but missed living in a single family and thought we might get a good deal on a house, we made a nice profit on the townhome and purchased a home we loved in a very nice neighborhood – our concern is now the houses around us have dropped and we feel we made a mistake. We did not know that from that time up to now the economy was on the brink of collapse -we kept hearing the economy was fine. Now I'm frightened with our larger mortgage. By the way, I'm 55 and my husband is 57 years old.

Did we make a terrible mistake?

Arlene
New Jersey


nancy wilson   February 4th, 2009 10:31 pm ET

on tonights show {i think his name was robert said if the gal couldnt afford $20.00 for silver she basically had to find another job or work harder....give me a break my husband is laid off and there are no jobs available,,,,not walmart not grocery stores needless to say NO FACTORIES please tell him to come down to earth and research the job market get a grip on reality..


Liz   February 4th, 2009 10:32 pm ET

If Suzie Orman is going to be on tomorrow, I would like to know from a Canadian's perspective, how I can minimize the tax consiquenses when I take an RRSP ( similar to 401K) & put it into real-estate. I have 2 GICs & Savings Deposits. I take a very dim view in the /government taking such a chunk! But am I better to bit that bullit now & buy real -estate, or turn it over to more RRSP activity of some sort? I am wanting to buy property, a sizable chunk for passing on to my children. I am in my late 50s, self imployed with 2 MLM businesses, both starting to do well.


Kelli from Tampa   February 4th, 2009 10:35 pm ET

Agree David when I get out of college I am buying a tumbleweed house...wonder what they will do with all those luxury condos that are now empty with bankrupcy signs all over them? Who did the demographics for these companies that overbuilt? They should line up for the guillotine too.


Marie Cartee   February 4th, 2009 10:37 pm ET

Dear Larry,
Both me and my husband who worked in social services, have MA degree each, were laid off in June 08. On unemployment, getting less than 1/2 of normal monthly income, didn't make much to start with. Neither of us could find a job, tried everything in local area. Put house on market, have mortgage of $289K, regular 30 year fixed 6% loan, none of this subprime stuff. Due to high rate of foreclosures in area, Stockton, CA have upside mortgage now. Tried selling nice well kept, 3 BR house with pool for $200K, then 150K, then 100K, no buyer. Thousands of houses for sale in community, couldn't sell. Gave up, walked away, house in foreclosure, filing bankruptcy, furniture in storage, renting room, looking for jobs anywhere in US, just barely hanging on. Based on TY show comments on 2/4, our response: we don't feel sorry for ourselves, we don't expect the government to take care of us, were in no position to start business. Appreciated the last comment at the end of the show, which although a bitter pill to swallow, described people like us. In our mid 50's now facing foreclosure and bankruptcy, credit ruined, it is breaking our hearts although not our spirits. We trust this experience will make us smarter and stronger. Please continue to alert your panels to the reality of those of us, who are just hanging on. Investing, buying a home, starting a business, purchasing silver and gold, please!!!! Get real - Were on food stamps and applying for jobs in which hundreds are applying for 1 position, people 10 and 20 years younger than us. We don't know what else to do, and talk about scared. If only someone understood how painful this situation is for us. Thank you Larry King for your refreshing candor, wit and common sense approach. We admire your professionalism and chutzpah.


Joyce Bailey   February 4th, 2009 10:45 pm ET

Hi Larry (this is for Suzy)

We are retired with soc. sec. and small pension, two of our children
have their own homes. We are in the process of trying to assist them paying their mortgages since one has been laid off , the other has had hours reduced. They have never been late with pmts. both have 30yr fixed and are worried about losing their equity.

They've called the lender each has Citicorp) who told them there was nothing they can do until they miss 3 pmts. Obviously their house is worth less than what they paid for it now. What the heck do they do. We all need help. our pension and s/s does allow us to assist for much longer.

Ask Suzy, maybe she has an idea, we've read her newest book and
that helps but is not encouraging.

Thanks


Buzzard   February 4th, 2009 10:49 pm ET

Raise the Minimum Wage. Could we have a STIMILUS package for the working poor ?


DENISE DUNNE   February 4th, 2009 10:51 pm ET

THIS IS FOR SUZE ORMAN. I SAW YOU ON OPRAH, AND I/M A LITTLE CONFUSED ON YOUR ADVISE FOR PAYING OFF CREDIT CARDS. YOU SAID," TO LINE THEM UP AND PAY THE HIGHEST CARD TO THE LOWEST. PAYING ALOT MORE ON THE HIGHEST AND A MINIMUM ON THE OTHERS". OKAY, MAKES SENSE , EXCEPT LATER ON YOU SAID, "PAYING ONLY THE MINIMUM AND ELIMINATING CREDIT CARDS RUIN YOU FICA SCORE". MAYBE I MISUNDERSTOOD OR COULD YOU GO OVER THAT AGAIN. THANKS FOR THE CONSIDERATION DENISE DUNNE , LAS VEGAS


Rita Pizarro   February 4th, 2009 10:51 pm ET

Gosh, cry me a river. if you cannot find a job, make a job! This is America the land of oppurtunity even in harsh economic times. America was built on entrepreneurship during hard times. Come on and stop whining people!


John Hanley   February 4th, 2009 10:53 pm ET

Lots of folks participating here. I'm not sure what advice I would want from Mr. Trump. First of all, the program has probably already taken place. Second of all, he and I live in totally different worlds and have totally different priorities. I would like to address some of the recent comments I have heard from senators opposed to President Obama's proposed stimulus plan. They claim that we should not allow government to have any say on how banks and corporations do their business because people in government don't know what they are doing. What? And all these bank and business CEO's do know what they are doing and won't mess it up? I don't know how they can stand there and say such things with a straight face. Give us billions in tax money but don't ask us how we are going to use it or question us if we reward ourselves with 10's of million dollars in tax payer money for bonuses? If we don't agree to give them these bonuses, they won't stay with their jobs? Well, don't let the door hit you in your collective rear ends guys. This is just my opinion but there is not one person walking this earth whose knowledge or efforts are worth millions. I feel asking six figures is pushing the envelope too far. These people don't have some God Given entitlement to live their like Pashas's or other royalty. If I had my way, I'd have them compete for jobs as local fast food restaurants and find out what it's like to really earn a living.
Another theme I have seen repeated here is showing respect for President Obama. I have little respect to anyone who cannot offer this example of respect to President Obama even if they don't like him. When you show yourself to be disrespectful, you open yourself to be disrespected yourself.


A. David W   February 4th, 2009 10:54 pm ET

LAST TIME POSTED!

Maybe GREED is GOOD!

Maybe we need to “Go for Ours” and Dam the the rest.

The folks on Wall Street are cleaning our financial clocks and dancing on our foreclosed graves.

Next time around let’s buy less house and bank the rest. Hell were already working two jobs to stay broke. Let keep working and cash out of this game in the future.

Next time around lets Downsize and stack our clips.


JSwiss   February 4th, 2009 11:02 pm ET

It's really very simple. Here are a somefacts:

Fact #1. Once again, it's becoming a perfected reality that wealth and capitalism no longer works the way it was originally implemented. There should have been and should definitely now be a CAP ON A HUMAN BEINGS "NET FINANCIAL WORTH". It's too bad that the governing body won't or worse yet... can't say, if you have x number of dollars to your name, then you have enough to survive, you are hereby retired.

FACT #2. It's too bad that – because of the drive for wealth, and the control of greed, manifested in a compete and compare society, a human being can't say, "I have enough, it's someone else's turn and here's what policy, program or system I'll put in place to make sure the stand I'm making continues so others will follow suite, have a turn and pass the baton".

Fact #3. Baby-booming should have NEVER been a "market creation and stimulus package"...period!

Fact #4. The true meaning of life is yet and still simple, and is this; we are here to survive, not to compete and compare our means of survival and boast our deep pockets of nothingness... "portfolios and financial status".

Fact #5. It is so sad to look out into a country that should be the epitome of true happiness for every individual and true togetherness of all individuals and see nothing short of the opposite.


Mike P   February 4th, 2009 11:12 pm ET

It's a sad state of affairs when the government can eat up over a trillion dollars in one bite, without any good rhime or reason why they are taking so much of the cake, or how this is going to benifit us and not the government. Were constsantly reminded that we live in a free country and that's the price of freedom. Except I'm not free to change the course of this land of " we the people ". My only "freedom" is to rant and rave to nobody in particular, and just bend over tand take what the government decides is best for the lowly american taxpayer. With freedom comes power, and I'm not feeling either at the moment.
:):):)


mary   February 4th, 2009 11:18 pm ET

Dear President Obama,

'There is a scripture in the old testament that goes something like this:

If MY PEOPLE who are called by MY name will humble themselves and turn from their wicked ways, then I will hear them and restore their land.

I humbly ask that you make this a formal prayer of the white house and have a day of prayer and ask the public to pray this along with you.

This is a promise from God and I think he is doing everything possible to get our attention before He comes to take us home.

Has anyone read the article about God sending drought to nations and areas before he sends judgement?


A. David W   February 4th, 2009 11:20 pm ET

Well said Mike P & J Swiss.

This is like prison; we just don't want it to hurt no more!


Mike P   February 4th, 2009 11:24 pm ET

Rita, who in the hell do you think your talking to like that? It's people like you that look at the past and say that you can predict the future, your a joke. This system does'nt work. This is not an isolated affair, economies around the world are going belly up, governmenta are going belly up. The rich get richer and the pour get reamed at by people like you who think you feel the burden poverty and know what your talking about, but actually you have no idea. You sound like a person that this has affected tremendously, with a comment like that. SIT DOWN.


mary   February 4th, 2009 11:27 pm ET

What does the public say about Bob's option of giving $75,000 to every household and a $25,000 car allowance. It sounds good to me. We would have enough money to pay are bills for a while, the banks would be receiving their money owed on credit cards and so would the mortgage lenders and they would not need a bail out. If the government doesn't think the average person would be responsible with their money they could make the payments for us.

Did anyone think it was strange that last year when the economy seemed find that we were sent a stimulus check to go out and spend... duh does that tell you something.

Anyway who is the "THEY" ? Does anyone know who it is that wants to take this country and this world down!

Who is it that wants to rule?


JSwiss   February 4th, 2009 11:34 pm ET

Rita, I also respectfully disagree. This is no longer the America you may have once heard of, dreamed of or maybe thought you've seen. Like A. David W said, "we just don’t want it to hurt no more!". Not only because of what we don't have or no longer have, but also because as a poeple, as a country we are from from being who we should be.


mary   February 4th, 2009 11:39 pm ET

Dear President Obama,

‘There is a scripture in the old testament that goes something like this:

If MY PEOPLE who are called by MY name will humble themselves and turn from their wicked ways, then I will hear them and restore their land.

I humbly ask that you make this a formal prayer of the white house and have a day of prayer and ask the public to pray this along with you.

This is a promise from God and I think he is doing everything possible to get our attention before He comes to take us home.

Has anyone read the article about God sending drought to nations and areas before he sends judgement?


Bill   February 5th, 2009 12:12 am ET

Tell all those Stinking Rich "bleeding -heart" Republicans and Democrat politicians, and "Talking Heads" to stop their propaganda about how much they are concerned about the future children, grandchildren and great-grandchildren having to pay for all this stimulus that the government is giving out to everybody! They don't give a damn about the future people having to shoulder the bill for all of this generations' wasteful spending of the "taxpayer's money"! The only thing that they care about is lining their own nests with as much of the Washington Pork that they can get! They are all feeding off the poor stupid citizens that keep buying and charging all the worthless stuff being sold under the guise of "The American Dream".


Peter Nielsen   February 5th, 2009 12:13 am ET

A 20 year jail-term for anybody that give them-selves or authorise a bonus with public money would not be too much to ask for.!!! Peter.


David Johnsey   February 5th, 2009 12:13 am ET

In regards to the stimulus package; if Republicans do not support and try to block this crucial bill, they'll most likely suffer huge losses in 2010 when they're seen as doing nothing to help the economy. It's sad that institutions in the U.S. have become too big to fail, but if we do nothing this recession will surely turn into a depression. It's time to step up republicans. You broke it; you buy it!


Angel Gomez   February 5th, 2009 12:15 am ET

Why can the federal government get into making loans just the same way commercial banks do ?


Hope   February 5th, 2009 12:18 am ET

I live in Charlotte North Carolina. I drove by several fast food establishments and for the first time, there are not many cars in the parking lot. Grocery stores that are usually busy, have very few customers.I see businesses closing on a weekly basis. The ones that are not closing are cutting back. The unemployment lines are getting longer and longer. Americans are out of work , out of money, out of food and some are out of their homes. The Republicans answer is to give businesses tax cuts. What world are they living in?


Thomas   February 5th, 2009 12:18 am ET

As a soldier, I am not at liberty to see things they way most citizens do. But once I had the stimulus package explained to me, I understand that it is designed to give money to business to in turn employ the "little people." If the companies use that money to make a wealthy C.E.O richer, then how does that stimulate the economy. The President is correct in setting a cap on those exec's salaries.


Alese Pedro   February 5th, 2009 12:18 am ET

For Amy and Larry –
Being a victim of the Indymac Bank implosion I don't understand how financial institutions come to the government begging for money – then spend it on salaries and bonuses?
When I worked, my bonus was based on goals and profitability. If you aren't creating a profit......no bonus!


Gloria Hutson   February 5th, 2009 12:18 am ET

Mr. Trump,
I wholeheartedly agree with you that our businesses feel they have no obligation to citizens in the United States accept to offer an overinflated product. Thanks for seeing that problem.


Jeanette / OC, Calif.   February 5th, 2009 12:21 am ET

Here's my suggestion for stimulating the economy....

Rather than give the FatCat bankers the money.....
Give EACH and every american $1,000,000 - We'll go out and spend it... we'll get the cash flowing again that's for sure!

How about giving each American 1/2 of that ... or 1/4 ... or 1/8 - seriously – to hell with the WallStreet greedy CEOs

PS: Bailing out leaders of failed organizations is crazy!


rodney   February 5th, 2009 12:22 am ET

hi, Larry

I think if a company fail and recived money from the gov. the ceo, should be fired


David Boehm   February 5th, 2009 12:22 am ET

It seems that the Republicans are attempting to stop government interventions that provide jobs, direct money for projects such as roads and not regulate business in any way. We are in a depression and these are some of the same programs that FDR implemented during the Great Depression that included federal insurance of people's monies (up to $100,000), social security and job programs. Is is no doubt that these programs worked then and are still with us. However, does it seem that the Republicans are fighting President Obama to continue their mission to dismantal these programs including social security (as Bush attempted) and to stop any further spending on these programs so they and the rich get this money and not sprending it to others?


dan   February 5th, 2009 12:22 am ET

Hey Larry Ask Mr Trump about TRUMP BAJA.... if he's doing SO well what up with the project and all the investors... ???!! the project is dead!!!


Stephanie   February 5th, 2009 12:23 am ET

The stimulus package is not debt. We need this package because a famine is coming! The reason why Obama is president, it's because God wants the world to know that all men are created equal, no one race should be in charge. God is going to use Obama to take us through this famine. Since the year 2002 , God had shown me that we were going to have a famine in this country. I consider myself a no body, but I know that I am not the only one that saw this coming. I am not worried about the stimulus package passing because it will. People need to stop and pray more often. In God we trust! God allowed America to exist show we can show the world that all men can live together in harmony.


jSingle   February 5th, 2009 12:25 am ET

President Obama is our Commander and Chief and should be recognized as such. He's not just Barack Obama as some of your guest may refer to him. Your ratings will not suffer, keep them off you show.


Michael   February 5th, 2009 12:26 am ET

This stimulus package is non-sense and delivers nothing more than pork. It should concentrate on one thing-STIMULATING THE ECONOMY with the first steps being: 1) Cut corporate taxes immediately and hold steady for at least 1-2 years. 2) Suspend the capital gains tax for the next 1-2 years as well. 3) increase the amount of losses that can be claimed – 3,000 is meaningless! 4) STOP the talks of nationalizing the banks! What are the politicians thinking? 5) Cap interest rates on credit cards to no more than let us say 7% on those who have had good history and cap 11% on those who have been 60 days past. Especially cap those banks * what can charge) who have gotten TARP money. 6) Incentives for home buyers. Next phase then create the jobs package......... 7) NO bad bank...back up policy only!


Lakeisha   February 5th, 2009 12:26 am ET

I think the people aren't giving Obama a chance to get anything done. First of all they need to remember he's the not the one who put us in this situation and they don't wanna give him the chance to get us out. The main issue is a lot of people can't accept the fact that there's a black president. Everybody talking about this not going to work and that's not going to work. Who are the republicans to say what won't work. Things have been done their way all these years and where have it got the American people? No where. Obama is trying to work with them just like he are with the democrats. They are the one's who think they are too much to work together to help him get this economy on track. Ignorance is what it is. Yes, the American people need this stimulus bill in effect. No, the stimulus isn't going to get everybody a job or work in a week or a month but its effort and in time it just might help get this economy back on track. If Obama sit back and do nothing, that's when everyone should have something to say. As long as he's trying to get along with everyone to make things happen for us American people you all should be willing to back him up and stop being ignorant.


Kelly Barrett   February 5th, 2009 12:27 am ET

I am watching your broadcast tonight from Hickam AFB, and would like Mr Trump to answer this question: In todays failing lending market, what advise would he give to me as a first time home buyer trying to get a loan? Thank you.


naderge   February 5th, 2009 12:28 am ET

Dear President Obama,
The first mistake you made is not putting god first in everything you do,you need to know without him nothing is possible. right now!what you just experiance is just icing on the cake.mark my work mr President if you do not follow god/or ask him for help, i believe the white people will be right about us.you will be the only black president that doom the whole world.Please,Please,i'm pleading with you, don't just follow ebraham scripture,but god word is the way for you to pull the economy out it. i will pray for you,and your tasks tha you are facing.


Tony de Fazio   February 5th, 2009 12:28 am ET

It was great hearing the no BS Donald Trump speak...a real businessman. He mentioned the criminal Madoff who is living luxuriously in his penthouse...if the government wanted to restore faith amongst us the people then they would go arrest that loser at the break of dawn and throw his butt in jail!


Linda Sperling   February 5th, 2009 12:29 am ET

I am watching your show and it makes me very angry to know that my tax dollars are going to help banks who don't help people get loans.
I am 59 years old, single and scared to death about my future.
Where do we go from here?
Like Donald said, "this is the worst I have seen it."


Ammon Dennis   February 5th, 2009 12:30 am ET

Mary, I am going to take your word for it, take God's word for it. So, that means I am holding both of you (or, well, "(Y)you"?) accountable for my fate after the "drought" occurs and judgment cometh. Whether I do, indeed, go to Heaven or Hell, I will accept it and thank you for the warning.
On the other hand, if nothing resembling Judgment Day appears, I likewise will expect a complete explanation. I mean, you COULD just explain post-Depression Earth/Universe to me just so I know what we're getting into in the near future...


Jack   February 5th, 2009 12:31 am ET

TRY AND TELL THE PEOPLE THAT LIVED THROUGH THE GREAT DEPRESSION THAT THE NEW DEAL FAILED. MY GRANDA SAVED THE FARM WITH THE JOBS CREATED BY FRANKLIN NOW I AM ON THE FARM THE FOURTH GENERATION. WITH OUT THE NEW DEAL I WOULDN'T BE ON THAT FARM AND THIS HAPPENED BEFORE THE WAR. PLEASE GET YOUR FACTS STRAIGHT IT HELPED OUR FAMILY AND MANY FAMILIES LIKE OURS.


Lorna Roberts   February 5th, 2009 12:32 am ET

I agree with Mr. Trump. There is a direct correlation with OPEC and those very high oil prices, and what happned to the world economy, almost overnight.
Has anyone studied that phenomenon?
If you can't bring the United States to its knees one way, then lets hit them in the pocket book big time, is that what happned?


Bruce Everett   February 5th, 2009 12:34 am ET

Mr. King I agree with the bailout but not in favor of bailing out companies and Banks that put themselves into this situation by making bad decisions. What does you panel tonite think about giving the American families say 300.000.00 dollars and let the American public use that money to pay off their loans and debts, and invest into their small businesses for ones that have bussinesses. After all I think the American public would feel better about this because then they would feel that they are also making decisions on how the economy can go.. EXample here like for me.. The money I borrowed for a mortgage I could pay back to the company I borrowed from and they would have their money back. and then they could do what they want with the money I paid back..And the rest I could invest into a secure company like Donald Trump thanks for your time


Keith Sartin   February 5th, 2009 12:34 am ET

I have a model that may help the depressed real estate market stabilize and recover. Its called the ARK Foundation that uses existing City Economic Development Agencies to account for the Top-20 Cities suffering from vacant foreclosed properties.
Thanks Larry!!

The ARK Foundation©Real Estate Recovery Program

The raging economic storm is waging war against the Land of the Free. The waters of depression, hardships, loss, and despair are rising across neighborhoods around the nation. This model is a way to remain afloat and ride out the current crisis entering 2009.

President Barack Obama and other economic analysts have all stated “that the only way to begin economic recovery is to stabilize the housing market.” The real estate market must be stabilized before the financial markets recover, before the job market can improve, before the confidence of spending can return, before the businesses can improve, and before stability arrives…the real estate markets must be stabilized FIRST.

The Presidents’ exact plan is unknown, but will soon be revealed. Statements that have been made since the election have eluded to “securing the ‘bottom’ instead of saving the top”, “protecting the families that are losing their homes”, and “getting America back working”.

Here’s something that will fall in line with their thoughts and offer a solution to the way to approach it.

This is my model….

*IDENTIFY THE TOP-20 U.S. CITIES HARDEST HIT BY
FORECLOSURES.
*SECURE $100 BILLION IN FEDERAL FUNDS FOR FORECLOSURE
RELIEF – $5 BILLION TO EACH CITY/REGION
*SELECT & ACQUIRE BANK OWNED RESIDENTIAL REAL ESTATE
*ASSIST OCCUPANTS OF DEFAULTED REAL ESTATE
*ESTABLISH NEIGHBORHOOD OUTREACH
FACILITIES/PROGRAMS
*PROVIDE JOBS TO REHABILATATE REAL ESTATE
*UTILIZE EXISTING CITY INFRASTRUCTURE
*REHABILITATE RESIDENTIAL REAL ESTATE
*EVERYONE CAN CONTRIBUTE, GIVING THEIR FAIR SHARE
*PARTNERSHIPS

Keith Sartin


Bob Edwardsen   February 5th, 2009 12:34 am ET

Throwing all the money at Wall St and ignoring the "people" who's financial survival is being is eroding by the day is akin to addressing a bird flu epidemic by reimbursing the poultry farmers for their losses and encouraging better quality controls, while the masses die. 50 million underwater homeowners should give their mortgage servicers 60 days to write down their mortgage to fair market value with attendant reductions in payments and interest rates (reflective of the cost of money to banks) or fdefault and let 'em foreclose while asserting their occupancy and asset protection rights. If its going to come down to them or us, "of, for and by the people" should protect the people. There needs to be parity in the relief of all suffering stakeholders.


Edgar reynoso RI   February 5th, 2009 12:35 am ET

I love president Obama and he does have a lot of influence in my community, but I believe that Obama needs to be more aware of what is going around the globe. Think things through before making a decisions when it comes to terrorism


Sue   February 5th, 2009 12:36 am ET

I agree with Donald Trump, who's right about the banks...those investors behind Wells-Fargo, Countrywide, and such must be those investors who would not simply take a buyer for my townhouse on a short sale when I had one, with no profit to me, but just to get it sold. This is completely at odds with what Henry Paulson and those who started the bailout said would happen to help out the homeowners. In my case, I had just retired from teaching, so could not "unretire" and try to work out a new loan condition. I merely wanted to give it back to the lender, but instead they put me in the totally undesireable condition of being foreclosed upon instead of agreeing to a deed in lieu of. Who are those private investors?? They go off with billions and I have to eke out a living on a rental after 30 years of service to teaching.


Fran - Ohio   February 5th, 2009 12:37 am ET

Has anyone thought of the idea that the banks could be using their "BailOut" money to remodel & repair all of the foreclosed upon houses to rent them out at a reasonable rate instead of them sitting EMPTY!!.
The repairs/remodels would create jobs and the rental income could be used to repay the government or lower payments/interest rates on those about to be foreclosed on. If my bank came to me and said "Turn over your house to us and we'll rent it back to you for say $500 a month...I would jump at the chance". I'm sure alot of others who have lost their jobs like I have would do the same.


Evelyn   February 5th, 2009 12:37 am ET

Larry, should we ask for a cap on our Congressmen and women salaries until they learn to work together and stop slandering each other in the media? Or perhaps the House & Senate Representative of the states that have the highest unemployment percentage salaries is slashed. Or just maybe we need a BILL to get our elected officials to work together on our behalf.


Pamela Oak   February 5th, 2009 12:39 am ET

I represent the middle class family of America...husband works for Boeing for twenty years, good benefits, good income, and I have been able to stay at home and raise four kids.

We bought a conservative home 8 years ago...refied with a second because they convinced us with four kids we needed it in case of an emergency with me being a stay at home mom...changed jobs last July for job security, before they announced a lay-off of 10,000 and I have had non serious medical conditions that had restricted me last winter from going to work before all the loss of jobs. At that time there was alot of hiring! Missed that bus...meanwhiile Countrywide who says "we are here to help" , lost paperwork, lied on contact numbers, did not reference the appropriate communication guidelines, and misformed me at least 10 times when callling daily ...have yet to talk to the case worker for a modification of our loan after saying the numbers worked. His overtime went away for a period of time while taking care of the family ehile I couldn't so we sit here until they say another lie.

I may face a bankruptcy because we are their mercy because in December I wanted to make two payment s to bring our arrears current and they gave me three different addresses and I was expected to send a cashiers check for almost 8,000 dollars. I called repeatedly to reach a caseworker and was never contacted, disconnected, hungup on, or told they could not reach her. Meanwhile in January I went into foreclosure over an address or addresses that was given to me. I would never send a check of that amount to the wrong address.

So here I am trying to find work, needing one more surgery, hysterectomy and bladder repair, and not being able to make a mortgage payment because they are reviewing me for modification, which I am now thinking after hearin your show is a joke!

they say investors have to review it. We have the money to bring ourselves almost current but they will not call me back on status nor can anyone give me any information as to how vulnerable I am to loosing my home.

This is countrywide who the Ceo WALKED AWAY WITH HOW MANY MILLIONS AND A TAN! Good Lord, I have sold as much as I can including my wedding ring I am going to put online to show that I am in good faith to them!

As to the original questio....what can our government do? We did give all this money to banks and I believe Donald Trump in saying that they took the money and now are not lending it and covering their butts and hanging on to it I believe if people go more delinquent on their loans and paying their million dillar salaries.

I think if you are an immigrant you almost have a better quality of life than those who have paid taxes for m25 plus years.

And with no disrespect to immigrants, why has this never been an issue in the election...if we cannot afford to take care of our seniors then why in GOD are we allowing people to continue to come in this country in support them.. Why can't we shut the doors temporarily...

Now your experts are on saying we "have options" what are these options. We all know it is a time to buy for those who can. What does the middle class like my family do......WHAT ARE THE OPTIONS!!!!!


Wesley N.   February 5th, 2009 12:40 am ET

I agree that we need a stimulus plan. I do not agree in the way it will be used. I think if the main issues are boosting the economy and saving jobs we should give the money to the working americans. I mean think about it we are talking about using 900billion in this plan. We have population of about 397 million. If you want to boost the economy give each adult $1 million. Dont shut me out at that statement. If each one was given this amount that would place the stimulus at about 400billion. However, we should have a requirement that all debt listed on credit be paid from the funds before your portion is released. This will not only have every creditor paid in full but it will also give each american that would like to invest in a business that opportunity. Each mortgage, car loan, credit card, etc would be paid in full. forming a debt free society. With no debt each will then have the funds to go and purchase new items. This would really boost the economy. Make it happen. Give the money to the people after all it is our tax money. Everyone would keep their homes, cars and more. Individuals would build credit and again banks would be paid in full. by the way our money would still have to be held in banks which the bank would draw interest. Just give 1 million to the people and let us pay our debts and start our businesses. I am an small business owner and I would love to have the capital to create more jobs.


Beverly C. Vencill   February 5th, 2009 12:41 am ET

Stimulus Plan
1. $500,000.00 will be given each U.S. of America Citizen over the age of 18.
2. Money is taxable, both Federal and State, at 10 per cent on the dollar.
3. Any leans, mortgages, medical bills, and funds lost in bankruptcy protection will be repaid by the individual.
4. Individuals purchasing/building homes with these funds will be given a 2 per cent tax break for “going green.”
5. Individuals purchasing Automobiles/Farm equipment with these funds will be given a 2 per cent tax break for “going green.”
6. All bonuses for corporate executives are frozen for 3 years.
7. Eliminate all capital gains tax.

Giving funds to our individual citizens eliminates any growth of our Government as mechanisims are in place to deal with fiance/taxes, etc
.
Most individuals will purchase homes, cars, appliances, invest in education for self/family and thereby create jobs for others as well as themselves.

This will support our Military families as well as give another layer of protection for our children by removing tension from the families who are so hard hit by this recession.

Jim and Bev Vencill
2203 W 45h
Stillwater, OK 74074
(405) 614-4447


donna   February 5th, 2009 12:42 am ET

This crisis has affected me a great deal. I am on SSDI, have a disabled 10 year old, and started working a part time job in September to keep food on the table. I had to switch locations as the cost of gas at the time ended up costing me more than my paycheck each week. I was hospitalized for 14 days with herniated discs, pressing on my L1 nerve route, could not walk for months, paid off my hospital bill, prior to working this part time job, which I shouldn't really be doing in the first place. I ended up working where there is a playplace for my daughter, because i would not be able to pay a babysitter on the amount of money that i am able to make each month while on SSDI, and physically am not really able to work more than what I am attempting.
The interest rate I had has been dropping steadily, to where there is no incentive to even bank money anymore. it used to help make ends meet for me and my daughter. I can just hope and pray that i can keep working this part time job to try and keep us above water.
I would like to know what our individual check amount is supposed to be in this stimulus package, because no one has yet to mention us receiving a cut from this heist.


Cathy Dolbec   February 5th, 2009 12:44 am ET

We live in Northern California and have a home that we've tried to sell for 5 months. My husband has been unemployed full-time over 2 years. We still have some savings (fortunately we live prudently)...unfortunately, our home is considered a "jumbo loan" material and recently our realtor said that Wells Fargo sent a representative to their office to share with them that Wells will require 30% down AND 12 months of savings to qualify for something close. It's pretty ironic that the foreclosures tend to be "non" jumbo loans. Question: What are these banks doing with the government bailout? Going to Las Vegas???


vikash   February 5th, 2009 12:46 am ET

Why is it a good time to buy when the median price of homes is yet not affordable and all economic pointers point to continued drop in prices for at least the next 1.5 – 2 years. What about the ARM resetting coming up in 2010-11? Is that not going to pull down the prices again increasing foreclosures?


Rita Pizarro   February 5th, 2009 12:47 am ET

Calm down Mike P. First off I dont think I am any better than you or anyone and have gone through hard times, like living in my car ect. So dont ask who the hell I am I know exactly who I am. I am someone who is confident and dont care to live off of the government. I just started a company of my own and I am hiring people. WHAT ARE YOU DOING? YOU SIT DOWN.


ravi tangirala   February 5th, 2009 12:47 am ET

Hi Larry,
I have a job.
I have very good credit.
But how can I buy a house with such high rate of job loss?
What if I loose my job tommorow?

Ravi


connie   February 5th, 2009 12:47 am ET

Those finanacial experts were useless-"this is a great time to buy if you have money and good credit". NO KIDDDING!!! even the homeless guy could offer nothing to people forecosed on or about to be. Thanks for nothing, bigshots.....


scott murdoch   February 5th, 2009 12:49 am ET

If we bailout Corporate America, will we, the taxpayers, then be shareholders with all the rights and privileges thereof?


Pietro Maida   February 5th, 2009 12:50 am ET

Thanks for a great show,
I closed a loan for my home at 9.375% which I needed in hurry 2 weeks before American Home Mortgage went under. The loan broker and the rep from AHM both assured me that a refi soon after closing would be possible at a much lower rate. At the present rate I am having a hard time keeping up. A lower rate is needed to keep me able to maintain. I have contacted the loan servicing Co with a modification request but have had no luck. My once good credit rate is now pretty low. Lawyer? Modification company? Answer those " we can help you get rid of debt" guys?
Thanks
Pietro
Albany Ca.


Teresa   February 5th, 2009 12:50 am ET

Being a Real Estate agent for over 14 yrs and seeing how Banks are just not cooperating in helping Homeowners keep their homes by not returning calls and getting them approved for a Short Sale so they can avoid Foreclosure. I've seen Homes under Contract for purchase with a Buyer that is willing and ready to buy. Have already spent money doing their inspections, waiting on documents for the closing on the home they are purchasing from the Bank to avoid the foreclosure and being 2 or 3 days away from closing not given the opportunity to close and have the Bank notify them of the house going to auction the next day and the opportunity to close on the property gone. I've seen offers from buyers submitted to a Bank on a Short Sale that is a benefit to the Seller go unnoticed because they are going to Foreclose. Even after having 2 or 3 offers on the house. Full price offers and they won't even consider them and prefer going into foreclosure. What are they gaining with going into Foreclosure. Banks are just not helping the Homeowneres.

Teresa from Dallas


Robert   February 5th, 2009 12:50 am ET

Amy Holmes stated that there are 300 million Americans. If this is so, then I feel as though we should have gaven 1 million dollars to each American,totaling 300 million in stimulus money instead of giving a few banks 25 billion plus to waste on THEIR corporate perks.


Kid Dropper   February 5th, 2009 12:52 am ET

Regarding investment in precious metals, I can see where it makes sense as part of a portfolio. But when I hear panicky predictions about how we should do that because the dollar is about to collapse–well, can someone explain how that would happen absent the total breakdown of law, order, and society? Then gold's not going to help much because there won't be any economy or markets as such.

. You'll need to know how to hunt and fish, and prevent others from stealing your food supplies.


russ   February 5th, 2009 12:53 am ET

I have had enough of this pres obama allready
I have lost about 300,000 in this fiasco that was allowed in the stock market and i see no bailout for me.
pres Obama sounds like a used car sales man that tells you if you dont buy this car tonight it will be gone by tomorrow.
now i am being blamed for this situation that we are in.I refuse to accept it


scott murdoch   February 5th, 2009 12:56 am ET

We need to make it easier to get a loan modification. It seems they only want to talk to you if you are in default. In which case your credit rating suffers, then they will want to charge higher interest because you were late in your payments. We need to take a closer look at our lenders policies and regulate them accordingly.


Robbie   February 5th, 2009 12:56 am ET

Is the cap on compensation for bank executives intended to apply to banks that have already accepted government money or it is intended to apply only to the next round of bailout support?

If it is intended to apply to those banks that have already taken money without this restriction, what is the rationale for changing the terms of the deal after the fact?


Kathleen Randolph   February 5th, 2009 12:56 am ET

Robert Kiyosaki,

What do you think about the govt giving tax breaks to everyone who starts a business and hires at least one employee?


Jared   February 5th, 2009 12:58 am ET

How can they say, "Now is the time to be an entrepreneur and start your own business," when people are broke? Where are they gonna find the money for startup capitol?


Nancy Beckwith   February 5th, 2009 12:58 am ET

This comment relates to your three guests, and, specifically Robert Kiyosaki. His initial comment regarding the fact that finance should be taught more in the school system and that people should have better credit scores. This man is out of touch! People are losing their jobs and THAT is affecting their credit scores. Credit card companies are lowering limits, THAT is affecting credit scores. Banks are pulling lines of credit on small businesses, THAT is affecting businesses and causing them to lay off more employees. And this guy sits there and tells us we should have better credit scores. PLEASE!! My scores were in the 900s, now because of this economy and the behavior of the banks and credit companies, I am fearful that my credit score has plummeted as well. NOW, he is saying that people should get jobs. This guy is a JOKE! At least Barbara Corcoran has a grasp of reality.


Donna Haynes   February 5th, 2009 12:58 am ET

I admit I'm dumber than a bunch of rocks but I am smart enough to realize these people (consevatives) can really talk out of both sides of their overprices and full mouths. When they were in charge and gave the first rich stimulus to the entities that got us in the mess in the first place--the banks-it was THE ONLY THING TO DO--not checks and balances just showed them the money....then the auto makers put thier hands out and every blue collar worker affected MUST take a pay cut for the money....And then we learn how the banks spent the HAND-OUT...nice parties, big bonuses...I can't believe the average American can see the ignorance of this whole procedure..that whole chain of events...now everyone has thier hand out again adding more and more pork...If the government wants a true stimulus to help the majority of the American people get the people off the air that you are talking to now...maybe leave James....and give a stimulus to the American taxpayer...we would pay off our bills..money to the banks....we would get rid of our old cars....money to the car manufacturers...then we could take our paychecks....those of us still getting a paycheck and go shopping......good for macy's....best buy....maybe even go on a vacation....until the banks mastermind another gas gouging fiasco...

donna haynes
7845 monarch rd
philpot, ky
270-929-9433


G. Becker   February 5th, 2009 12:58 am ET

Special interests and their money have made it possible to force the America economy on dire straits. The regulatory structure has been in place for some time to "regulate" mortgage bankers, Wall Street, etc., but our fine politicians have tempered the over sight.

Tax credits for new home purchases, capped for homes up to $500,000. Tax credits for creating new jobs (white collar, and beyond minimum wage). Stop and rollback visas for white collar jobs.

Tax credits for the purchase of fuel efficient autos, not based on the EPA estimates. The EPA testing is a joke.


Gabrielle   February 5th, 2009 12:58 am ET

what about those who own homes and are being squeezed? The remaiing TARP funds should be used to give us a non-taxable voucher to pay a portion of our mortgages


rodney   February 5th, 2009 12:59 am ET

hi, why are the ceo and execs of business that failed and need gov help not fired. when you hired someone to make the business better not worst


Anthony   February 5th, 2009 12:59 am ET

I am a small business owner trying to make sucessful decisions in this challenging economy. With all this stimulus money being wasted by irresponsible companies, why doesn't it make sense to cut the dollar amount in half, and give it all back to the taxpayers? I can't think of a good reason why this would not stimulate the economy.


Sherman Daniels   February 5th, 2009 12:59 am ET

Dear Larry,
The CEO's huge bonuses (without accountability) are sickening to the middle and lower classes. The trouble is, when we say so, it can just be brushed off as jealousy. It seems like these CEO's are not credible, and that they are in positions to do whatever they want with bailout loans, etc.

When we talk about it in these terms, I think that we exude a form of acceptance. (But, I also think that these things need talked about, some which way.) It's somewhat like "talking about" crooked politics in Illinois. Pres. Obama or Bill Clinton may be smart enough to know how to talk about it without exuding acceptance.

If The Banks, The CEO's and Illinois, don't police themselves what hope do we have with Bailout Loans snd Strong Leadership in Washington?

If we would encourage the Banks and CEOs, etc., to develop strong and honest work ethics in themselves and in their companies, then our nation will be on the right track.

honestly,
S. Daniels
WV


Marian   February 5th, 2009 12:59 am ET

Why not help the consumers, by having the banks allow homeowners to short refinance their homes according to the current appraised value of the home. Puts more money in the consumers pocket and potentially increase the consumers confidence in the economy.


Francesca Milano.com   February 5th, 2009 1:01 am ET

Larry or Suze. I wanted to put my house up for RAFFLE – 10,000 tickets at 99$ a piece. (It has been very successful in Vienna) It means someone wins a home, my house is one less on the foreclosure list, and it could snowball – I could make enough money to bail someone else by buying their house with cash. The government would be able to tax the profit, of course. A lottery done legally could be wonderful for recovery. It's illegal(in LAS VEGAS!) because of scams. PLEASE who, and how many of them, have just scammed us ROYALLY. I would use expletives, but I am sure you know what I meant to sayl We have been screwed. Let me put my house up for RAFFLE,. who am I hurting??????????????????????????
Francesca 702 588 1430


Dave from Portland   February 5th, 2009 1:01 am ET

How do you improve the US job situation when you outsource Engineering jobs to China? The USA is selling intelligence by outsourcing our brain power.


Jared   February 5th, 2009 1:01 am ET

I wish I could see people who are actually struggling and broke being interviewed rather than people who aren't so desperate who don't even know the real, raw truth about life right now. Although they say they have struggled at some point in their life, they are not struggling now. Being broke now is different than if you were broke ten years ago!


Ammon Dennis   February 5th, 2009 1:02 am ET

Honestly, though: I just can't believe that Obama's got the integrity to make common sense, to enforce the most basic tenet of capitalism: rewarding success. I mean, that's still the only way to get ahead and earn higher pay in my low-paying professions (performing arts and food service), but, alas, not so for CEO's and (in a weird way) Presidents, most notably since Nixon- and Reaganomics took over.
This is so un-American an occurrence, a reversal of capitalism, when you think about it, yet the defense for CEO bonuses was that they earned it, that it is a God-given right in America to enjoy as much money as you can get through hard work without anyone–especially the government–limiting it.
The problem is that this twisted system all seems normal anymore. So, isn't it amazing when Obama points this out, refuses to keep up the facade and takes action based on the most common of sense?


Boris   February 5th, 2009 1:03 am ET

Historically, median house prices are supposed to be about 2.5-3 times the median household income. Even after the "collapse" so far, home prices are still outrageously unaffordable when compared to incomes.

Why should we insist on trying to keep homes unaffordable, instead of allowing these hugely inflated, fraudulent, bubble prices to fall back down to appropriate levels? How can our economy heal if we continue to pile financial fraud on top of financial fraud?


Paul LeClair   February 5th, 2009 1:03 am ET

Whatever happened to Wage & Price controls of the 60's? There are 3 things that drive the economy: Product, Salaries, & Services (Benefits)
The first two are what is driving this economy beyond the living standards of most Americans today. I turn 68 this month and only have social security to live on. I barely get by month to month. The outrageous costs of products in order to provide more than adequate salaries has this economy on the edge of depression. I need one good explaination why some people need a $15 million dollar home, or sport atheletes need millions of dollars a year in salaries. One ball player receiving $5 million for one year before he has even hit a ball makes no sense at all. Why aren't ballplayers paid at the end of the year, based on their performance during the previous year? Why aren't movie stars paid based on common sense?
Ever hear of "DE-INFLATION"? If the cost of products are reduced, then people won't have to send so much to purchase them, thus lowering salaries. Lowering the cost of services, also lowers the cost of salaries. Why should an automobile cost $30-40K? That limits the number of people who can afford to purchase a vehicle. Yeah, yeah, I know, the dealer only has to sell one car instead of 3 or 4 in order to make the same profit, and the manufacturer only has to build one of these vehicles instead of 3 or 4 of them.
I thought we were in this world to make life easier for everyone???
Didn't we learn anything from the Roman Empire?
Respectfully,
Paul


Kathy Rooney-Hokenson   February 5th, 2009 1:06 am ET

Larry,
One thing that I learned over three years of economic classes was that economics is a soft "science". If all indicators show that we are in a depression but the public believes different we won't be. Maybe the media could do some stories on what is working. During the depression rural areas did better because the communication of how bad things were didn't reach them so they continued to invest in their property and businesses as if everything was ok. I'm not saying we aren't in a crisis because too many people were greedy and common sense did not prevail–if its too good to be true-it isn't. You can't buy homes by betting your income and housing prices are always going to increase and that everything you want can be bought on credit–you need a rainy day fund not the next fad. Needs versus wants is a lesson all Americans need to learn.


Marcus   February 5th, 2009 1:06 am ET

Question for Suze Orman. I have just inherited about 1 million dollars. What should I do with the money? Should I invest, if so in what?


Evelyn in Texas   February 5th, 2009 1:07 am ET

Amy Holmes is trying to sell tax cuts. Please explain how giving tax cuts to small businesses will help me? I'm presently laid off, 56 years of age, female, single, and I’m not qualified to work on all jobs. Exactly how will this work for people like me. This is all I hear from the opposition tax cuts, tax cuts. It’s very hard to listen to you people that are not hurting financial in these crises. Average people live from pay check to pay check making maybe 8 to 17 dollars an hour. Now, where are we going to get the money to buy these products created by tax cuts? I’m inclined to believe all Congressmen and women should perform community work before holding any office so that they can see how an average person live, the ones they are representing. One ex army guy on your show Larry said get another job to a lady that called in saying they only make I believe $20HR. Did that guy forget jobs are laying off, there‘s not second jobs out there & there's no first jobs for some. See this is what I mean, people handling and talking about this crises are out of touch with the average American. We don’t want hand outs just a helping hand.


Tracy Gillis   February 5th, 2009 1:12 am ET

I can't get a refinace on my house because I don't owe but 20,000. But I can't afford the 1,000 a month house payments due to lesser paying job. What now?


Pamela O   February 5th, 2009 1:14 am ET

No disrespect to Larry King but your male panel offerd nothing but to say "great ime to buy" ...ya we know that! Barbara, I have seen you on te morning show and thank you for being a realist...if you have no income and you can not gauranteed fpay your mortgage in the future cut your losses. It is just a house not your family blood line!

I pray for those who are seeking help and do not have family, friends, or those you have helped in the past to maybe help you...keep faith and remember it is NOT WHERE YOU PUT THEM TO BED BUT WHOM WITH!

I will still teach my children to give and "pay it forward", or help the person who needs to do so because in our family the word is "KARMA" . I have always shared the many stories when the "three" things have happened to us that have been bad luck but then I know something good will come later and I can give three times in my twenty years of marriage that this has happened.

Well I guess I am at two and I pray he does not loose his job at Boeing but I remember this last football season making pasta for the football team in which many moms and dads contribute to weekly to a 13 year tradiotion to feed the boys before a game. Their where weeks I really did not have the money to buy meat, pasta, sauce, and bananas or napkins, but I knew this was important to me and I did it. I heard about it later but that was okay...maybe a bill did not get paid that month but that wa okay.

Look forward and remember your contibution to the past and I believe you will weather through the storm with love, support, and strength! You have to believe and though I am the last to ask for help I now believe for my children, due to my health, Ihave to ask for health. I am always to help others and I have to realize those are willing to maybe help me!

Sadly, I have not much faith in our government but I have alot of faith in you , your neighbors,your family and friends....

God Bless, Pamela


michael d   February 5th, 2009 1:14 am ET

Larry and Staff:

Why not have Donald Trump back on and others like him. Trump seemed to have a lot to say about the" big picture" of how we allow other countries to sell their products here and "beat us up" as he said. Trump and other businessmen should have plenty to say about this down turn economy and what it might take to stop the bleeding. Even Larry was surprised tonite (by the guest) ,to find that people's morgages were worth more than the true value of their home. In-other-words, have people who live in the real world to discuss these kitchen table critical issues. The scholarly talking heads makes most of us watching, just shake our heads that they are so out of touch. Please keep up the good work...long time fan!


Reggy Menke   February 5th, 2009 1:19 am ET

Hi Larry:
My problem is "Bank of America" . I have a mortgage with them and a home equity loan(s) totaling to about $194,000, with a total payment of $2300.00 per month. I get a retirement of almost $3100.00 per month plus I work part time, being 20 to 30 hours a week. My wife has a restaurant for more than 13 years. We make make our payments regularly every month. B. of A. refuses to refinance us on a loan of $210,000.00 for 15 years, thereby making one payment instead of three and reducing the total payment down $700.00 per month. They first said everything was fine except title that for some reason they did not catch when they refinance us the first time. I had too do the research for them too clear that matter up. Than they made other excuses that my wife's income was not enough to approve the loan for 15 years at 4.5% interest, but ok for 30 years. Than they change their mind and wanted more money down that is not refundable plus more requirements, that to me was alot of nonsense and unjust since the items they asked for they already have on the existing loan for 15 years. They did not give me enough time, but it did not matter for I just told them to drop the matter and I will go with someone else. They are what Donald Trump had said earlier they are hoarding the money and buying out other businesses and banks and not helping the average person to refinance. I strongly suggest do not Bank with B. of A...
I am refinancing with another bank and waiting for the outcome.
Reggy


Rita Pizarro   February 5th, 2009 1:21 am ET

Jared February 5th, 2009 12:58 am ET

How can they say, “Now is the time to be an entrepreneur and start your own business,” when people are broke? Where are they gonna find the money for startup capitol?

Well that is part of the learning curve, figuring it out. That is the point of becoming an entrepreneur. It is more of a choice on your part and if you really want it or not. I started with nothing & never asked for anything


Adam from Irvine, CA   February 5th, 2009 1:29 am ET

Larry,

I'm a mechanical engineer with a problem that politicians and economists aren't talking about; A stimulus package to create jobs sounds good, but jobs aren't available. From 1940 through the 1980s manufacturing jobs have been available where people interaction was necessary. We are at a point now with technology that production personnel are being reduced at a large rate just because plants are becoming more efficient. I've worked in the medical industry for the last five years where money isn't an issue, it's just an issue of being more efficient. Even with Obama's ideas of developing better energy options we will still use technology that won't create jobs. Unfortunately, I see the US and possibly other countries having to result to new forms of communism to manage large quantities of homeless people with out jobs. We're at a place where the country's population is increasing and the number of jobs are decreasing due to automation technology. People don't understand how many jobs are being cut due to advanced technology.


Ammon Dennis   February 5th, 2009 1:31 am ET

GREAT REPUBLICAN IDEAS:

1) TAX CUTS! (SO IT JUST SEEMS LIKE WE HAVE MONEY AND FINANCIAL FREEDOM! WE'LL JUST BORROW IT, YOU KNOW?)

2) MORE JOBS THROUGH WAR! (IT'S A BOOMING INDUSTRY! YOU CAN PRACTICALLY DREAM UP A FAVORABLE BUSINESS CLIMATE ANYWHERE IN THE WORLD YOU LIKE! AND, HEY!, HATE AND BASE INSTINCTS... NEVER IN SHORT SUPPLY!)


Bruce Nelkin   February 5th, 2009 1:42 am ET

Since bailouts never work and the banks don’t know what real-estate is worth anymore if the government would simply start a bank funded with the balance of TARP money and refinance anybody and everybody’s mortgage with a 2% or 3% fixed rate the people who actually need the help could get it.

Anybody who then failed to make payment would be foreclosed on and this new Gov. bank could sell off the properties at fire rate amounts to hurricane Katrina victims and solve 2 problems at once.

Since this bank would be government owned they can forgive themselves of the losses and pay no taxes to the Fed thereby saving not only the little guy but also solidifying the housing market from sliding further into the hole.

As long as we are at it the government should put regulations onto the books that require that all mortgages and mortgage backed securities divulge the value of each asset to the holders of those securities so that the banks actually know what they have in true assets. If no value can be assessed, listing the square footage, location and type of structure along with comparables in the area as listed by current real-estate companies in those areas should help to clear things up. This transparency should make for an easing of the tension and stress currently gripping the economy.

It is the housing market that got us into this mess in the first place and it will ONLY be the cleaning up of the housing situation that gets us out of the same mess.


Kay in Florida   February 5th, 2009 1:52 am ET

, We have a second vacation home in southwest, Fl. with a 650,000 mortgage balance, it was appraised a yr 1/2 ago for 840,000. We have fallen behind on our payments in the last 3 months. No because of subprime loan, but decrease in a large income. The mortgage company offered us a loan modification of an interest rate of 3.75% and rolling the outstanding balance into the loan basicly starting over. In our response to there offer we asked for future assistance for a temperary time. They assumed we rejected their offer which was a corespondance mistake. We have made several attempts to contact them., Faxed numerous request for a nother review of loan mod. offer. We have documented the agents we spoke with to no eviel.. Do we continue to try and contact someone @ this mortgage co. or go somewhere else? If so can you suggest one. At this point our credit score is not good due to late payments. Thanks for your advice.


Bruce Nelkin   February 5th, 2009 1:53 am ET

Larry,

Has anybody considered the fact that the Baby Boomers decide market trends and for the most part they are done buying houses, therefore the falling value of homes is in a long term trend that can’t be fixed with short term government waste bailouts like tarp and stimulus packages?

Wouldn’t it be nice if Senators and Congress were required to pass economics and history tests like college kids have to do before getting elected to government jobs.


Carol Dylan   February 5th, 2009 2:35 am ET

I have yet to hear Robet Kiyosaki say anything of substance and his disdainful tone towards those of us who need help is offensive. I have seen how he turns into a sycophant when he is around people like Trump . He seems unaware it is the taxpayers who are bailing out many wealthy who are crying broke, yet we shouldn't have the audacity to ask for help. Between his arrogance and Larry's lack of awareness about falling home prices, it makes me think this show was thrown together with no thought for the viewers in thr real world.


Margaret Shaner Burbank Ca.   February 5th, 2009 3:03 am ET

Suze, Please talk about debt settlement programs. Are the legitimate and safe to help young families to cope with debts and save their homes?

We respect and appreciate your input,
Thank you sincerely
Margaret Shaner


Wayne   February 5th, 2009 3:35 am ET

Larry: in talking about President Obama capping executive pay for ceo's of companies and banks receiving a bailout you asked a question of someone on your show saying "how would we endorse this"? To me the answer is simple but what do I know as I'm not a financial expert; just let these companies and banking institutions know that if they take bailout money and continue giving their ceo's a large golden parachute or they buy a couple of jets to have a party then when they need more bailout money it won't be there and the companie can just fail.


Eddie Daniels   February 5th, 2009 3:37 am ET

Larry,
The problem with the economy is so obvisious! We need to put Americans to work!! How do we do that ? Easy!!!

We do away with Deregulation and NAPTFA.

Build products in AMERICA again. Import only Raw Products. I would rather have more Honda and Toyota Plants in this country putting Americans to work than buying finished products outside of the country. We can not support the world on our nations economy peorid!

This means WAl-Mart and others that import for nothing and charge 10 times more than they paid for will lose profits! SO WHAT!


jim sigmon   February 5th, 2009 4:05 am ET

Mr. King I AM A COUNTRY BOY AND LOVE MY COUNTRY AND KNOW HOW TO SET BACK RECESSION PUT U.S. BACKON SOLID GROUND, IF YOU WOULD CALL ME. I WILL TELL YOU AND OBAMA HOW TO DO IT. IT IS VERY SIMPLE PLAN , WHY ALL THE OUR SMART PEOPLE IN WASTINGTON , CAN'T SEE IT, IS SO DUMB". IT DOESN'T TAKE A ROCKET SCIENTIST TO FIGURE OUT HOW . " THE AMERICAN PEOPLE DO NOT NEED A BAIL OUT , i CAN PUT EVERYBODY THAT WANTS TO WORK , GIVE THE COMPANIES JOBS TO GIVE OUT, HIRE THEIR PEOPLE BACK, FOR FAR LESS THAN $600. BILLION, OUR PRESIDENT IS ON PART OF THE RIGHT TRACT , BY SETTING FIX BONUSES FOR CEO'S AND SUCH. BUT THE MASTER PLAN IS SIMPLE," SO SIMPLE THE SENATE, AND HOUSE CAN'T SEE THE FOREST FOR THE TREES." gIVE ME ONE HOUR WITH THE PRESIDENT, AND LARRY KING. I WILL TELL YOU HOW TO DO WHAT I JUST OUTLINED, I WAS IN BED WHEN I WOKE UP SAW YOU CAME TO COMPUTER WITH THIS IDEA AND PLAN. "PLEASE DON'T THINK I AM A NUT. JUST A HOME GROWN AMERICAN WITH WILL ROGERS COMMON SENSE!!!! THANKS FOR HEARING ME. JIM SIGMON IN CONCORD, NC HOME PH: 704 786 6695


jim sigmon   February 5th, 2009 4:05 am ET

Mr. King I AM A COUNTRY BOY AND LOVE MY COUNTRY AND KNOW HOW TO SET BACK RECESSION PUT U.S. BACKON SOLID GROUND, IF YOU WOULD CALL ME. I WILL TELL YOU AND OBAMA HOW TO DO IT. IT IS VERY SIMPLE PLAN , WHY ALL THE OUR SMART PEOPLE IN WASTINGTON , CAN'T SEE IT, IS SO DUMB". IT DOESN'T TAKE A ROCKET SCIENTIST TO FIGURE OUT HOW . " THE AMERICAN PEOPLE DO NOT NEED A BAIL OUT , i CAN PUT EVERYBODY THAT WANTS TO WORK , GIVE THE COMPANIES JOBS TO GIVE OUT, HIRE THEIR PEOPLE BACK, FOR FAR LESS THAN $600. BILLION, OUR PRESIDENT IS ON PART OF THE RIGHT TRACT , BY SETTING FIX BONUSES FOR CEO'S AND SUCH. BUT THE MASTER PLAN IS SIMPLE," SO SIMPLE THE SENATE, AND HOUSE CAN'T SEE THE FOREST FOR THE TREES." gIVE ME ONE HOUR WITH THE PRESIDENT, AND LARRY KING. I WILL TELL YOU HOW TO DO WHAT I JUST OUTLINED, I WAS IN BED WHEN I WOKE UP SAW YOU CAME TO COMPUTER WITH THIS IDEA AND PLAN. "PLEASE DON'T THINK I AM A NUT. JUST A HOME GROWN AMERICAN WITH WILL ROGERS COMMON SENSE!!!! THANKS FOR HEARING ME. JIM SIGMON IN CONCORD, NC HOME PH: 704 786 6695


jim sigmon   February 5th, 2009 4:18 am ET

Maybe my coments will reach ears open, I faxed these things in to Robin Hayes, my congressman and got NO reaction at all that is a bad thing in Washington, "don't let my appeal fall on delf ears." I want my U.S. of AMERICA, to thrive again, and I know how call or email 24-7. jim sigmon in Concord, N.C. Home phone 704 786 6695


marilyn (boston)   February 5th, 2009 4:48 am ET

Dear Larry,
I watch your show almost every night but I didn't catch your Feb. 4th show until the replay at 3:00 a.m. est on the 5th.
I have to admit I was in total shock at your response when it was mentioned that "people owe more on their homes than they are worth".
The look of disbelief on your face was incredible.
The real world that most of us live in now results in the total loss of equity in our homes. Even to the point that for those of us average "Baby Boomers" the future is gone.
No possibility of retiring, poor health care. My home in Boston is now worth at least $250,000.00 less than it was 2 yrs. ago. We have a 6% 30 yr. fixed mortgage with (what was Countrywide) We pay $3,500.00 on time always BUT 4 out of 22 houses on my small street, are in foreclosure so–through no fault of our own–we now owe more than our house is currently valued at. Our nest egg has cracked, disappeared, gone kaput.. Welcome to the world of the 95% of Americans who are not the middle class anymore but have become the poor . after working all their lives, respecting the laws and helping one another for what -the American dream/nightmare ? ?


Schmaikel   February 5th, 2009 5:20 am ET

Dear Larry

It is mind boggling and sad to see how the two African-Americans panalists on your show were defending Republicans against President Obama, whilst the two whites, J. Carver & co were 100% for the president. The Amy person is the worst of the two.

As a proud African, all I can ask is "What are they trying to prove and to whom ?"

Regards
Schmaikel
Cape Town
South Africa


Maria (Stockholm, Sweden)   February 5th, 2009 5:20 am ET

The argument that you have to pay enormous salaries and bonuses in order to attract the best and the brightest for difficult and demanding jobs just doesn’t hold.
Being the president of the USA must surely be one of, if not the most difficult job on planet earth. For the moment we are fortunate enough to have an exceptional bright man in office. The best man for the job, if you ask me and an overwhelming amount of people over the world. Now, the question is – does anyone think Obama is in it for the money?


Schmaikel - Cape Town   February 5th, 2009 5:31 am ET

Dear Larry

It was mind-boggling and sad to see how the two African-American panelists on your show were defending the conservative Republican View against President Barack Obama, whilst the two White contributors were 100% for the President's bailout strategy.

As a proud African, all I wish to ask the two so-called African Americans is, " What are they trying to prove and to whom ?" Don't get me wrong, its got nothing to do with democracy !

Regards

Schmaikel
Cape Town
South Africa


Tony   February 5th, 2009 5:39 am ET

It's a bit disappointing to hear Donald Trump champion the failed policy of "trial and error" that FDR pursued during the Great Depression. Also, your libertarian guest is 100% correct in claiming that FDR's New Deal was a failure, made things worse, and only WWII and Europe's devastated economy pulled the country out of the Depression.


Malin   February 5th, 2009 5:41 am ET

Cheney says that it is more important for America to be respected than to be loved. He, and the Bush administration, used the same logic for the word respect as the teenager with a knife threatening his classmates, or the parent who beats their child when they disobey – the logic that respect is achieved through fear, not love. To me, respect does not mean love, but it is a heck of a lot closer to love than it is to fear. Respect is earned, not instilled or forced.


Melanie from LA   February 5th, 2009 5:42 am ET

It is laughable that the EU says on one hand that the US must not be protectionist and on the other hand, Sarkozy is looking at providing aid backed by the EU to the French car industry, with the proviso that car industry jobs and manufacturing must stay in France. Please.


Beni Banin   February 5th, 2009 5:48 am ET

Why! are the banks leaving the homes empty after foreclosing.I think that they should leave the tenants live in their houses and maybe pay only 50% of their loans and pay the rest later when situation improves. Beacause empty houses get destroyed and the area turn into slumps.Banks have already paid fat bonuses to their Directors from tax payers.THINK


maurice   February 5th, 2009 5:58 am ET

why is it so hard to force the management levels to accept pay cuts when the 1st thing those companys do when it is going bad is to lay off all those normal workers jobs


Danny Jones   February 5th, 2009 6:01 am ET

Mr. Trump,
I'm 26 yrs old, about to get married and have a 1 yr old child.I make about $40000 a year. What is your advise at how to save money for the future? Banks, Stocks, Grants or just do nothing?


jajaofafrica.   February 5th, 2009 6:39 am ET

Advice from africa:When in cardiac arrest , do not panic,calm down and breath ,also do not order more take out wrapped in a stimuli package,after all we in africa have been in a recession for like a thousand years ,However this might hurt ,but u have to deal with it,think positive about getting lean again , that will lead to a change in of u thinking , maybe greed and capitalism dont work and maybe more is less,u are not happier than the rest of the world, understand that , the dream is fast turning into a nightmare,Stop listening to Trump, he is the poster child for excess.He is a gimmick ,Do not involve ur self in rigorous activities (iraq and Afghanistan and iran).Stop the fear, we are all people too, and saves urself high blood pressure , then pray , God Bless


jajaofafrica.   February 5th, 2009 7:11 am ET

Mr Trump=Developers=Loss, therefore sir u bleed even now ,


Susie Blaiss   February 5th, 2009 9:23 am ET

If we could taxes or not pay taxes for one year, that would get the economy going fast. It is hard to save for taxes when you are self-employed, or the government gets half of your income from the start. We wouldn't have to give people money and they could start saving again. Also, drop tuition in all colleges and give student loans at a better rate, not 8%. College students have debts too large once they graduate. If parents can't help them out, then they pay on it forever. House loans should be at 4% too for 5 years. This would help so many people get a loan and an affordable one. If we use this stimulus money for anything else, we will not succeed in this economy.


John Simon   February 5th, 2009 10:17 am ET

Larry,

This is a letter I sent to U.S. Senators Casey, Spector and Congresswoman Dahlkemper on 1-31-09
Concerning the recent shameful greed displayed by Wall Street CEO's being awarded $18 billion in bonuses for 2008, I hear a lot of discussion on how we need to prevent any future use of taxpayer's "bailout" funds to be used for such bonuses. That is well and good for the future but what has already occurred needs to be addressed! It is not to be brushed aside with comments of oh its water over the dam or we can't practice socialism and have government controlling the salaries of CEO's. There is a very simple effective process that the Constitution of the United States provides for us to swiftly address this critical issue. As you know the Sixteenth Amendment provides the power of Congress to lay and collect taxes on incomes, from whatever source derived. Congress simply needs to pass tax legislation that requires a 100% income tax rate on any personal income received whose source was from the federal "bailout" funds. It is a matter of record as to what institutions received the Federal "bailout" money. If they choose to use what now becomes their “supplemented” monetary resource to award bonuses that is of their discretion. It is of the government's discretion, power and obligation to its taxpaying citizens to exercise its legislative power to counter this unpatriotic, traitorous greed at a time in which our country is fighting for its very financial and economic survival. Those who cannot or do not wish to pay the tax will face due process and ultimately face incarceration!
I do not expect you or any other member of the United States Congress to just simply let this matter lay unaddressed. I expect Congress to exercise its full and expedient powers to establish justice for the American people. When such action is taken I firmly believe any future such greedy behavior will come to a swift halt!
I appreciate the opportunity to contribute my thoughts on this important issue.
I hope and expect you will carry forth with your duties and Congress will act promptly, appropriately and effectively on this crucial matter.


Frederick Stone   February 5th, 2009 10:43 am ET

Larry/Suze the following is a quicker and better economic proposal than any of your many panels or the government has offered to date.
NOTE: For a quick start, at this moment, there are only two components to the economy that we have to address immediately: (i) The consumer (ii) Financial Infrastructure. If the consumer does not spend, then infrastructure does not matter.To get the consumer to spend, he has to (iii) Have money in his pocket. (iv) Have confidence in the financial system. (v) Therefore any Stimulus Plan must reduce the financial obligations of the consumer. (vi) Therefore suspend all mortgage payments and fore-closures for a period of 2 years. (vii) Also suspend all car payments and reposessions for 2 years. (viii) Place a Cap on interest rates that the banks may charge, especially on credit cards. (ix) Any aid to banks must be on an audited, delivered performance basis only. Auditing and controls are for another blog. This is just a recipe for a quick start.


Ernie   February 5th, 2009 12:05 pm ET

I can't believe the uproar over limiting executive pay, somehow it just doesn't make any sense to see this as Socialist. If I go to the bank and ask for a loan for my company, I have to give them a detailed business plan: I want the money for this.... and my repayment is going to be this....period.

If I go back to the bank a few months later and I say to them that I want to borrow some more because I paid myself and my executives most of the money for salary and didn't use the money really for what I told them it was going to be used for, they are going to laugh me right out the door. How is making conditions on how the money is to be used socialist?

If the governement loans money to the banks so they can loan it out to businesses, then that is ALL the money should be used for, sure they get a percentage for doing the business, but if they choose to give big chunks of their percentage to their execs then that is just dumb business practice and they deserve to go bankrupt.


Debbie   February 5th, 2009 12:06 pm ET

It is very disrespectful to call the President by his last name and not President Obama. However what Trump says I consider bull. This is a man on national tv said Paris Hilton and Palin were smart. That to me dropped his IQ several points. He is rich and all he has to do his start selling off his hotels if he has bad times. Trump is wealthy so his views are like republicans, they have all the answers now, I turned off Larry King last night , I could not swallow anymore of Trump's BS and disrespect to our President.


James Migliore   February 5th, 2009 1:15 pm ET

I'm for the $ 500,000. Cap, but why doesn't anybody bring up and discuss this. The executives who are making (for example) $ 6 million a year or $ 500,000. per month; they are in no way going to accept government money even thou not accepting would be a detriment to their company. Their only interest is to stay on the job as long as they can to grab as much pay as they can and have no real interest in making their company succeed. Every month they stay on the job is like staying on the job for one year under the new plan.
I can't believe this has not been discussed.


Mike P   February 5th, 2009 2:31 pm ET

We can't fix this. The powers that be wont allow it. Were spending 1

trillion dollars to try and fix this housing mess, what happens when

everybody starts to default on their credit cards? Trust me, that will

happen. The credit card company's are raising people's intrest rates

not because they have missed a payment or because they have gone

over their limits. But because of where they shop ( Walmart ). That is

exactly what has just happend to my mom. She has, on about three

different occacions max out her credit card, never going over mind

you, and never being late w/ a payment. Yet the credit card company

(Chase) decides to double her intrest in the name of "risk

assesment". We have the U.S. Chamber of Commerce telling us

that if we buy American, that's unamerican. They are actually

advocating that we buy from China. What gives?

:):(:(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(:):(


Mike P   February 5th, 2009 2:44 pm ET

Does anybody know where I can go to read up on where exactly the government is spending our money and why? I want to know exactly what's in this new stimulas bill, thanks.


Claudine Desormeaux   February 5th, 2009 3:27 pm ET

I always read in newspapers that the foreclosures houses are sell to Banks or Corporations for 100.00$
Is it normal...


Mike P   February 5th, 2009 3:33 pm ET

Actually I found it @ huffingtonpost.com

2.5 billion for the National Science Foundation for research,
400 million to NASA for research,
400 million to the NOAA for research,
and 600 million dollars for ranking federal officials to buy a new hybrid car.

I wish this crissis ment that I would get a hybrid Tahoe, but oh well.

The whole thing is pretty confusing, but it looks as though the government has taken all of the company's, agency's, and programs that we have ever given money to and just thrown them all a bunch of our money in one fell swoop, hoping for a miracle. Good luck.


Diane   February 5th, 2009 3:43 pm ET

Question????
This is not related to the most recent blogs...........

Does Larry King have a show in the works to air an update on Roe Messner's life and his most recent new wife, Carol Herrman.
And..
How are Tammy's children? Will there be a show anytime about how the children are doing, Jamie & Sue?
I still remember the last airing of Tammy Faye & Roe on Larry's show.
It was so difficult to watch..but Tammy Faye...what a survivor and a special lady~


Linda   February 5th, 2009 3:45 pm ET

Our mortgage company has put on a special forbareance.
Haven't paid our mortgage since Nov. Come March they will speek to us about a modification on our loan. Can you explain to us what this all means and will we loose our home. My husband is still unemployed.


Megan Albertson   February 5th, 2009 3:48 pm ET

Dear "Anyone Who's Listening to the real people,"

Barbara Corcoran was right when she said that the only people getting helped by these so called, "Stimulus Packages" are the big businesses and fat cats.

Why CAN'T anyone LOWER INTEREST RATES on JUMBO AND CONFORMING Loans for people who have great credit, and good jobs, but ALL WE SEE is our HOUSING VALUES GOING DOWN, and NO ONE!! NO ONE!! SEEMS TO CARE.

Instead, the government wants to pass these PORK FILLED bills that we're supposed to just let them do. Well, I, along with many of my friends, are ready to speak up, and not be silent anymore.


charley from vt   February 5th, 2009 4:05 pm ET

WHY is Dick Cheney throwing FEAR @ the US? does he HOPE we are bombed ? I think so..this way he can say Bush kept us safe for a few yrs..what he isn't telling us is that more than 4200 lives have been lost abroad..the fault of him Bush Rove Rumsfeld Rice. etc...disgusting...5 deferrments for Cheney ? our sons & their buddies registered for the draft when they were 18 ...volun tarily..


vickie from ca   February 5th, 2009 4:08 pm ET

Cheney is not happy..material things do not bring happiness nor do his millions/billions..what an angry man !we never saw hm w/Bush like we see Biden w/Obama ..go figure...


jacqueline mayo from spain   February 5th, 2009 4:55 pm ET

Hi Mz Orman, My husband just lost his construction job here in spain and we are moving back to the states; we were lucky to get job offers during yhis crisis. I have been living here for 23 years, bought property, have great credit here, owe very little on our mortgage and nothing else. I want to know what would be the best way to invest our salaries and obtain a good credit rating there in the US. Will our credit rating here in spain be considered or do we have to start from scratch? We have more than 190,000 euros in our savings, would we need to transfer some of that to the states to help establish credit? We are 50 and 48 years old, and still plan to pay into our pension plan here and retire here also. Thank you very much.


jacqueline mayo from spain   February 5th, 2009 5:03 pm ET

Please tell Cheney that I do not feel sorry for him! He and Bush did more to hurt our prestige and respect from europeans and others around the world; and with that my friends; goes your home land security. In the eyes of the enemy,.You have made us appear unstable and weak! As an american living abroad, all you have done was embarrass us in every realm of you fantasy foreign policy!!!!! Go Home Cheney and keave the heavy lifting for people who really love America!!!!!


Bob Simutis   February 5th, 2009 5:25 pm ET

Larry, I must admit those three from last night were out of touch. I mean the $66 million lady, the guys that wanted us to open a business? Hey, we are unemployed (layoffs not lazy), retired (on a pension), not folks that have $66milion to "open up a business" or "invest" in the housing market. They are way too far out there..give me Suzie... at least she calls it straight!


Jennifer Snyder   February 5th, 2009 5:57 pm ET

Suze,

If one has money to invest (I'm 42 – we've "lost" about 400K, but still have about 400K in retirement funds, etc) and have our 401Ks maxed out, would you continue to invest in the stock market at this time and max out our 401Ks? We're very fortunate to both have good jobs and have the ability to save much of our income.

Thank you very much. (I love your show and comments and we watch Larry King almost nightly.)

Jenny


vickie from ca   February 5th, 2009 6:18 pm ET

this economy is very difficult for us seniors, Larry..we just buy food & drug store items..no huge pay cks coming our way....we cannot afford DRS & hospitalization..another Herbert Hoover problem..unbelievable..& the fat cats on Wall st tk all our returement away....


Apple   February 5th, 2009 6:25 pm ET

Larry, the Publicans are making it harder for us by holding the president hostage! They do not care about us. They want to wait until things get terrible worst to blame it on Obama.

They are just a set of grumpy, self centered, jacket and tied you know whats who have set out to try to make Obama look bad.

They destroyed the economy and are now doing to Obama what they SHOULD HAVE done to Bush to stop the destruction!

Blacks will back away from them even more if they keep trying to undermine Obama. We are watching and we are NOT stupid!


Cathie in Ohio   February 5th, 2009 6:49 pm ET

Why should the people who pay their bills and home payments be left out on all the government give aways. They are the ones who will be paying the taxes. Let everyone have a lower interest rate on homes. No questions, no forms just a straight cut on all interest across the board. The banks could do this easily. This extra monthly money can be used to stimulate the economy by everyone. And everyone can keep their homes.
Let's have the government help the American people who will really be bailing out the banks. Thank you


atsegga   February 5th, 2009 7:15 pm ET

The Borgen Project has some good info on the cost of addressing global poverty.

$30 billion: Annual shortfall to end world hunger.
$550 billion: U.S. Defense budget


KJ   February 5th, 2009 7:15 pm ET

Mr. Larry I watch and enjoy your program quite oftenly,being in US for last 15 years, worked very hard and achieved a lot, but in last 2 years lost every thing I had 2 restaurants, couple of properties, never dalayed any payment in all my life accept have to file BK in Nov. 2008, as my earnings came down from 15k to 7k. My daughter is graduating from college this summer, paid her tution, no loan, son will be going to college this year, the house I am been living in I have a 1st mort. of $365k and HEL of $231k, but the value of the house has gone down from $750k to 550k, where I can ask for help as both the loans are with diff. banks and they are not giving me the way. Is there any program to help people like me. Thanks.


Ron San Bruno Ca   February 5th, 2009 7:39 pm ET

Does trump feel that he is a modern day Carpetbagger, or is he just a step above that ?


Smokey   February 5th, 2009 8:19 pm ET

For Suze Orman – Are there any good debt consolidation businesses out there? I have $70K in debt. Have fairly secure jobs and the means to pay the debt, but nothing leftover at the end of the month. Not sure where to turn to dig out of the hole. How does debt consolidation affect your credit status? Please HELP!!!


Maurizio Maximiliano   February 5th, 2009 8:31 pm ET

How about boycotting the massive liberal spending?
How about creating a Legion of Extraordinary Citizens Against Congress Spending or L.E.C.A.C.S.?
Citizens against Congress Administration or C.A.C.A. / not a joke!
How can I get penalized if I don’t pay taxes when the IRS boss did not? “Living by example”
How about raising taxes? Yes! So I will become a democrat and fail to pay taxes and get a cabinet job... YEAH!!!!!!!!!!!
How about you report it? Yeah!!!!
I hope citizens wake up and stop this Pelosi/Reed madness.

Not to this bail out! No economic fear mongering by Obama….


Ansh Bhakta   February 5th, 2009 8:42 pm ET

Why does the media care so much for a dog or Michael Phelps smoking, and not enough of the economy? Im a freshman highschool students who just found out that my dad was laid off. The economy needs to be repaired more than ever or more people will just be like me.


Anna (Howe   February 5th, 2009 8:43 pm ET

I am 87 years old – in good health.

My only source of future income is from single premium annuities maturing in 2011 and 2012 with two insurance companies.

QUESTION – I haven't heard anything about the stability of insurance companies. Should I keep the annuities until maturity?Currently they pay 3%. Thank you


Anna From Taunton Ma   February 5th, 2009 8:46 pm ET

For Suze Orman

I am 87 years old – in good health.

My only source of future income is from single premium annuities maturing in 2011 and 2012 with two insurance companies.

QUESTION – I haven't heard anything about the stability of insurance companies. Should I keep the annuities until maturity?Currently they pay 3%. Thank you – Anna


Bernie Fotsch   February 5th, 2009 8:57 pm ET

Obamas change is being called the stemulis package by the political forray. It is the beginning of the big deal that will get America back on the right track. I (a republican Conservative) am not supprised by the ingnorance expressed on the part of the GOP. Follow the leader of our great country of pay for your foolishness by giving up the few seats you still hold. We dont need you and we will replace you asap. Count on it.

A life long republican from Texas
Bernie


Lea   February 5th, 2009 8:58 pm ET

The Republican party is dead. Lindsey Graham is the partisan voice of the past, and it has no future. We watched the President reach out and compromise from day one. Yet, the Republican idiots are spitting out the same old tired pablum that got us in this horrible predicament. What's wrong with these people???? Everyday corporations are laying people off and offshoring jobs. And they say, More tax cuts. Soon tax cuts won't matter because NOBODY WILL HAVE INCOME!!! South Caroline, please bring Lindsey Graham home... as you suffer one of the HIGHEST unemployment rates in the country. Help yourself.


Dodie from CA   February 5th, 2009 9:06 pm ET

Larry!!!

Question!!!

Do you think the interest rates for all current mortgages will drop to 4%???


lizzy   February 5th, 2009 9:07 pm ET

The speech was very partisan and actually insulting to Republicans. There was a lot of cocky attitude in his speech. If the stimulus plan has anything that does not bring jobs to the American people who are really hurting then it should not be in there and I agree with the republicans and hope they STAND UP for the American people who are not so thrilled with the way things are going. He must remember, he won the election, but nearly half of Americans did not vote for him and the polls that are showing 70% behind the President are not accurate.


Tejas Shah   February 5th, 2009 9:08 pm ET

Why can't Obama get 60% vote, when America has voted for him 70%.

This sucks!


Harjeet Nanda   February 5th, 2009 9:11 pm ET

Hi Larry: great show you have congrats!! I wanted to give some comments on what Barrack has had press conf tonight......I think he was great and has come back strong just as his campaign days. I think it is sad to see alot of politics in looking this in a bipartisan manner...these politicians are busy worring about conservative/liberal stands while this great country of ours is in great need of help. If we do not do something soon the prediction by the Russian individual will come tru (about USA splitting into different states/countries). We all as americans need to seriously look at american soultions not Democratic or Republican.

Thanks and Best Regards

Harjeet Nanda


Dodie from CA   February 5th, 2009 9:11 pm ET

Larry!!!

Question: Do you think there is any chance of interest rates on fixed mortgages be down to 4%


ADT   February 5th, 2009 9:11 pm ET

Suze:
I will retire within the next two years. I have funds in money market accounts. With the limit of $250,000, changing tback to $100,000 what can I do? Should I put maximum amounts in different banks? Why is the amount changing back to $100,000.


Richard   February 5th, 2009 9:12 pm ET

Can Suze do her "Can you afford it" segment for the stimulus bill?....She could review how much it costs, the US revenue sources .....and then she could say" Congress....you are DENIED" "You simply can't afford it." Thats what she would do to people who can't afford things they can't afford.


Dodie from CA   February 5th, 2009 9:14 pm ET

Larry!!!

Why don’t we organize a federal owned bank and with that bank, the federal government can set the interest amount of loans and mortgages!

YES we are in a depression. How much further do you want to go before labeling it a depression?


Robert   February 5th, 2009 9:14 pm ET

Suze,

I know that it is not good practice to try to time the market but what signs should we be looking for to get back in the stock market and where is growth likely to take place?


Keith   February 5th, 2009 9:14 pm ET

The Big corporations and the rich are punishing the people of this country. When they saw that Obama was going to win, thats when the
massive layoffs started. They want tax cuts – more money for the rich. Then maybe they'll hire back some people. – or ELSE !!!


Janet   February 5th, 2009 9:14 pm ET

When Congress passed the bill to give bankers $700 billion, it took them 2 days. Now that it is for ordinary Americans, we can't get help. We as American citizens, homeowners – we deserve more. Susie is right, even IF they passed the bill today, it won't help us. She is right on.

I own my home, sold to me by fraud by broker, appraisor (he has been found guilty) and agent. Now, lost job, losing home. Tell that to John McCain, who has 5 houses and the other Republicans who have a job, at least for now.


cpb   February 5th, 2009 9:15 pm ET

Hi LK,

I came accross this on the CNN.com :

"IBM to laid-off: Want a job in India?
Employees who would otherwise face layoffs from their North American jobs at IBM are being given the chance to work abroad through 'Project Match.'"""""

Shame on us as we are helpless to see this happeining in front of us. Perhaps the $900 Billion stimulas plan will be passed...However how it will take companies to pass the buks to other countries by outsourcing. I was listening to Presidential speach on economy and pres. mentiond that we need to spend money to build schools etc... but who you want to study in the schools and what????

$900 Billion will definitely create jobs (constructions, drivers, and other petty jobs...) but for they will be good only for the next 3-4 years for pres. to win second term.

How come we are not talking about sending jobs abroad? Also, what media is doing to highlight this issue and educating people on this?


Monte McDowell   February 5th, 2009 9:15 pm ET

I heard a rumor that two senators have come up with a new plan for the economic stimulus - a mortgage 'moratorium' for twelve months, and renters pay half their rent for that same time period. Is there any truth to this? Frankly, I fail to see the downside to this. If I had an extra $2000 in my pocket for the next 12 months, I would definitely spend more...isn't that the point?


Stephanie Chapin   February 5th, 2009 9:16 pm ET

What am I doing to stimulate economy? Nothing, I am using up my savings to survive. Spending as little as possible. I lost my job, I apply for jobs however, there are no replies. I am lucky, with the help of my savings, I should be able to make it until Fall.


Elisabeth Osborne   February 5th, 2009 9:16 pm ET

Do you think if consumers use the income from the stimulus package to payoff credit cards, the economy will get better, since banks will receive more cash inflows. They could use the money to lend and that will stimulate the economy, right?


Linda   February 5th, 2009 9:17 pm ET

Larry

I know Suze is an important part in telling us how to handle finanaces but tonight President Obama made a real push for this stimulus package and THAT IS WHAT I WANT TO HEAR ABOUT, have Suze on at the end of the show but let heard about WHY Republicans are so agaisnt it. I have some idea, someone already mention it, they want to try not to push this recovery plan, it gets so bad, then the Republicans can say, YOU SEE THAT PRESIDENT OBAMA HAS JUST PUT YOU ALL IN THE POOR HOUSE , WITH HIS RIDICOULOUS SPENDING, come on everyone, the first $350 billion or trillion or whatever it was at the end of Bush's term got through without any problems from the Republicans.


K. Brown   February 5th, 2009 9:18 pm ET

Here's my idea for a stimulus plan. How many U.S. citizens are there who pay taxes (above and below age 18)? Maybe 360 million? If the government gave $1 million to each of those people wouldn't that stimulate the economy? People could save it, pay off bills with it or just spend it willy nilly. I find that to be a greater solution (and cheaper too).


Paul   February 5th, 2009 9:19 pm ET

Suze suggests putting all your money aside and save. Doesn't this add to the problem our economy is going through in that with noone spending, the economy is stagnating?


Brandi   February 5th, 2009 9:19 pm ET

I don't wish to be so brutal, but, these people with these enormous mortages are not taking any kind of responsbility. This seems like there are a bunch of ignorant people out there, they've also borrowed money to put into the stock market, buy new cars and tv's....give me a break...Greed got us into this mess. Sure the mortage companies that misled in order to get a mortgage should be held accountable as well...but live and learn, and we sure are.


Greg Flick Jr   February 5th, 2009 9:19 pm ET

In regards to a shortsale. I purchased a home 3 years ago, with my ex wife, for 300,000. Due to a divorce we had to sell the house. We had two short sale offers at current market value and they were not approved by Wells Fargo. I reported them to my congressman and did not hear a word back from him. A couple of weeks ago, I was served legal paper work saying the bank officially took over the house. They notified us that we had to move out in October. I really do not understand how these banks operate. They honestly overinflated the market value of the home twice and could have had some of there money instead of having the house foreclose.


gijoe   February 5th, 2009 9:20 pm ET

I'm OIF veteran who was just laid off and struggling to get by. Everywhere I go everybody thanks for my service, but turn me down for a job application, but somebody else can land the job. It seems that the only way I can make money without robbing a bank is to go back overseas and sacrafice my life yet again. What do you suggest before I make the decision to put my life on the line again?


ron   February 5th, 2009 9:21 pm ET

larry and suzie,
nobody made anyone buy a home or house or vacation spot etc. they bought the place and the bank made the loan. it is called a contract. both parties. made a deal. now the borrowers want to cancel their half of the bargain. if you dont have the money fine. but if as suzie said you bougth a place for 600000, and now it is worth 200000, dollars, why should you have to pay for it , well it is because you said you would. the bank didnt force you to buy the home and loaned the money in good faith that it would be paid back.

it is called capitalism.

ron


Jay from oklahoma   February 5th, 2009 9:21 pm ET

With my tax returns. Should i pay off debt? Refinance my house or pay minimums and see what happens with stimulus? My job is 50% secure


Dodie from CA   February 5th, 2009 9:21 pm ET

Larry!!

I work for the local government. We had lay-offs so I transferred to Health Care Agency from Social Services. The job pays half what I was making. I have just finished using all my savings to make the home payments for the past 6 months and now I stand to lose my home. What can I do? Do you think interest rates will be as low as 4% on fixed 30 year mortgages? I am 61 years old and am afraid I could be homeless after working 40+ years.


Terry Stewart   February 5th, 2009 9:22 pm ET

So, Susie.

What happens when housing values go back up to say $800,000. Do the people paying payments on $200,000 mortgages have to pay the payments on $800,000. Just because your underwater does not giv eyou the right to stop paying the mortgage you signed up for. Maybe the banks get it and you don't.


Jane Bullard   February 5th, 2009 9:22 pm ET

We're upside down in a second home/condo. We put 20% down and now the condo's worth over $100,000 less than we paid and $50,000 less than we owe. What happens if we WALK AWAY?


Laura Castro-Schilo   February 5th, 2009 9:22 pm ET

I'm in the exact situation that Suze just described (with her example of the Florida property that was 700K and it's now 200K). I've been making payments but it becomes increasingly challenging to afford them. Should I just let the property go?


georgia williams   February 5th, 2009 9:22 pm ET

Your guests last night had some great suggestions ... Offer 4% loans and forget the rest of the pork– get the housing mkt going. Why give our money to failing big business? Get RADICAL!! I love that idea and I think it would WORK!!!


KAACHKA   February 5th, 2009 9:22 pm ET

OMG.....since when does "jive talk" from all the talking heads and experts resolve the serious problems taking place....IMHO sinners need to repent, liars need to shut up, bankers need to pay tup, & decent politicians need to say out loud what they think when they pray to God for guidance .......... .........and........... rambling fools and ego soaked freaks like nancy, harry and all their pals need a real retreat............like back under their collective welfare rock............the only thing they haven't pissed on is their pay cheques and pensions plans........................shame...and a very bad reflection on how little they value the country they live in.........what a waste of hope on the 44th...........he is just a good orator....Abe would not be impressed and neither am I............nevertheless, I know there is a light in your forest..just not sure who is going to stand up and real be counted and make the difference that many are seeking so America can be american again.......God bless.........I'll be watching, waiting, hoping and praying..we Canadians are counting on you guys to do well tpp......Regards......a frostly flake in TO


Cheryl   February 5th, 2009 9:23 pm ET

A wealthy friend of mine suggested that my husband and I do a cash out refinance, taking advantage of low interest rates and investing the money to build up a nest egg and immediately establish a reserve fund. We have good jobs and a 100,000 in retirement account but no liquid cash. Our Manhattan home is worth twice what we paid for it.


Jeannette Wiater   February 5th, 2009 9:23 pm ET

Hello,
I have been trying to get this message out for consideration and no official is listening......perhaps you could help.

Everyone is still missing the boat on mortgage help for distressed homeowners facing financial difficulty.

Even though there is talk about reducing interest rates, extending loan terms, and forgiving partial principal, there has to be a selling tool attached to the mortgage restructure program and nobody is thinking about that aspect of the program. Sunday's News-Press (Lee County, FL) Real Estate Section had an article "FEW BORROWERS CAN REVISE MORTGAGE LOANS, ONLY 350 DONE NATIONWIDE"....Banks believe a large percentage of people who will receive the restructure mortgage help will ultimately end up in foreclosure. These people would not face foreclosure if they had a way to sell their homes and that is why I say with the restructured mortgage offer there has to be a selling tool.

My belief is that the selling tool should be that the new mortgage restructure is assumable to a new buyer. This also means that banks will have to FORGIVE PRINCIPAL to get properties and value back in balance. Going back in time to the 70's when the real estate market was in trouble assumable mortgages and creative financing came to the market and helped save the day. No matter what the market is like buyers will come from all over to purchase a home with an assumable mortgage and IDEAL TERMS. Even though the banks may feel they do not want to extend the favorable restructure terms to a new buyer it would be better to allow the mortgage to be assumed than to again face taking the property back. FORECLOSURES WOULD STOP. The real estate market would come alive, people would be able to sell their homes and property values would begin to rise. This message is falling on deaf ears in the Congress and the Banking Industry. In Lee County, Florida we have 10% unemployment and staggering devaluation of appraised home value....we need legitimate mortgage restructure help not just talk.

Excess dollars spent by the corporate world on remodeling bathrooms and giving bonuses to executives for failed companies......those dollars could be used by Bank of America and other banks to reduce principal on a lot of mortgages to keep American families in there homes.


Maggie   February 5th, 2009 9:23 pm ET

Suze, is there any impact to us getting our FICO and credit report from Experion since they have broken their relationship with Fair Isaac?


Laurie Brutcher   February 5th, 2009 9:23 pm ET

Larry
If we get all these cabinet members to pay their back taxes that are more than most americans make in a year, we will be out of this debt that US is in.
Why are we giving healthcare benefits to illeagal alien children before american people born and raised here?


Mary Shive   February 5th, 2009 9:23 pm ET

Hi Suze,
I watch cnn and they ask people what they are going to do to help the economy, they say I'm going to save my money and hold on! But isn't true that all these layoffs in the U.S. is being caused by the fact that no one is spending there money?
Shouldn't we be going to places like Macy's and Starbucks to save the market, and jobs.


Brendan J. Barry   February 5th, 2009 9:23 pm ET

Please Hear Me
I have converted my sewer and water business to a Rainwater Harvesting business Please tell people to support local biz and put local people to work


Joe   February 5th, 2009 9:23 pm ET

Lets face it, we need a project. A big project. I say spending on rebuilding schools and buying fuel efficient cars for governmant fleets and working on our infrastructure is the right direction. Lest we not forget that a strong majority of us got ourselves into a financial mess by living beyond our financial means. We cannot always rely on government to cover our personal financial responsibilities! Take personal responsibility.


angela   February 5th, 2009 9:24 pm ET

Suzi Orman is out of touch. By and large she really has no idea what the average person is going through. She is mean, unsympathetic and just plain in her own world. All of her advice is based on assumptions that are just no longer things the average person can assume. I wish they would stop having her on.


Barbara   February 5th, 2009 9:24 pm ET

Suze come on, we all know that we must pray and keep it together until President Obama can get this package passed! But please, please let the President start somewhere. We must start the race in order to get to the finish line, it doesn't take an economist to see that.
Republican, stop playing these games with the President work with him help him because we the people are dying.


David P. Vernon   February 5th, 2009 9:24 pm ET

Tucson, AZ – All this right-left debate about the "stimulus" bill is like the pilot of the Titanic arguing the merits of right rudder versus left rudder in response to the alarm, "iceberg dead ahead."

We must do something. The only things we can do are spend money and cut taxes. The more into the economy, as spending, the better/. The more future-value the tax cuts, the better. The more useful the projects built, the better. The time for ideological debate about the "goodness" or "rightness" of some fractional program other is used up. We need, a bill, any bill, spending money, any money, as soon as it can be done.


Heather in Illinois   February 5th, 2009 9:25 pm ET

I would like to ask Suze to please share with the public where in this country and what percentage of homes are actually worth 80% less. I am well aware of what is going on, but is there possibly some exaggeration going on in the media.


Robert Johnson   February 5th, 2009 9:25 pm ET

Larry why do you continue to bring on Suze Orman who is always full of doom and gloom? Is it so hard for you to schedule people who are inspiring and uplifting. We all can see how bad things are. For once I would like to hear Suze Orman tell the audience what Jack Welch, former General Electric CEO said, Things will get better!


Joan   February 5th, 2009 9:25 pm ET

What is rate modifcation on your present mortgage? Is it better or worst then refinancing?


Justina   February 5th, 2009 9:26 pm ET

I'd like to know why the government doesnt give EACH HOUSEHOLD some money, instead of paying off all these special interests and things that dont have anything to do with the average person struggling to pay bills. Why not give each household $20,000, $50,000, and we would then in turn be out buying things and getting the economy built back up. We could be buying houses, cars. That would mean more people would be put back to work making all these things. We could pay off debt and mortgages and not lose our homes. Giving tax breaks dont put money in our pockets either. We all need money now or things are going to get worse. Im tired of hearing money going to pay off company CEO's and all these special interests that dont have anything to do with the trouble people are in. The government has allowed companies to go over seas and build plants, and shut down ones in the USA. Where do they expect us to work? The government seems to take care of everyone else living outside the USA, when do we start getting taken care of????!!!


joan Smith   February 5th, 2009 9:26 pm ET

I just bought a house and would like to fix it up. I had planning on spending at least $100,000 but am now concerned about how much money this stimulus package is going to cost me. My retirement has been robbed as well as my kids college funds. I want to stimulate the economy but my hands are tied by the uncertainty.


rhonda   February 5th, 2009 9:26 pm ET

If you have extra cash available to invest in this economy where should you invest it? Perhaps real estate? Tax free bonds?


Dave   February 5th, 2009 9:26 pm ET

I agree Angela

This woman is totally out of touch with the average "JO"


Bill   February 5th, 2009 9:27 pm ET

Should one even test the job market after being laid off and is 18 months away from retirement?


Frank   February 5th, 2009 9:27 pm ET

For Suze Orman – my family is suffering like many. We have a family business in Maryland. My dad has not taken a paycheck for 2 months. My mother has had to make cuts to her income as well. We are trying to hold on to our business.

My question is, why does the unemployment system allow people who do not make income to get money from the system but "officers" of a company can not get unemployment benefits until the company has closed it's doors? we are trying to hold on. We have always payed our taxes and unemployment insurance. The system will not help us?


james   February 5th, 2009 9:27 pm ET

I love Suze Orman !!!!


Ramki   February 5th, 2009 9:27 pm ET

Current jobless situation is due to American corporations like Dell, Microsoft, IBM, Cisco, and other IT corporations Investing $ Billions outside our country, these companies invested heavily in China, India and Brazil, and also send out Jobs.

Outsourcing is the root cause and it is the Ripple and Cascading effect we are seeing.

Irony is these companies are hiring thousands in Brazil, India and China Crazy right ?

On above all these problems, we also have H1B and L1 visa community competing to our jobs.


berkeley cook   February 5th, 2009 9:28 pm ET

If we need money to immediately go to the unemployed, why not raise the amount that the unemployed receive, closer to the amount they used to make when they had a job. Also extend the unemployment insurance for 2 or more years. they will then spend more like what they used to spend when they had a job, they will pay their rent and mortgages. companies will rehire workers, because people are spending.


Mirza   February 5th, 2009 9:29 pm ET

We have about 40k in savings and have 15/80 loan and can potentially pay off the 15% of the loan that is at 7% and the first loan (80%) will reset in another 3 years. Should we dump our savings into the 15% of the loan and refinance? Our house has depreciated by more than 200K. Our jobs aren't secure (don't think any are). What is our best option?


Charles Vare   February 5th, 2009 9:29 pm ET

Larry,
There is a solution for people who are behind in their mortgage. Filing bankruptcy or are in foreclosure. It is called loan modification.
My company specializes in this field. for additional information, please have them email me with their name, number, email address and the best time to reach them.

Thanks
Charles


kim sellers   February 5th, 2009 9:29 pm ET

Hi, Larry has anyone in Washington thought about all the jobs that have gone overseas in the last 8 years? If we still had Steel mills, Tire Plants sock, jean, and shirt factories, in America we would have more JOBS!!! I feel the loss of these jobs have came back to haunt us.


Antonia   February 5th, 2009 9:29 pm ET

Dear Suze, Please, if your tired you shouldn't be on TV answering questions. You really seem to be in a bad mood. You are too abrupt, we are looking for help and you seem to be upset with our questions. You need a break!


Leslie   February 5th, 2009 9:30 pm ET

Mrs. Oman;

No one has a secure job unless they are in the white house, congress, senate, or you are just one of the wealthy CEO's. It amazes me that as the people lose everything; everyone keeps telling them to pay what they owe. Organizations receiving TARP aren't paying, they are stealing and partying over and over again. Why didn't our government give TARP to the people, which is who gave the money to begin with. Most people, want to pay what they owe and most would be held accountable by threat of prison if they didn't take the money they were given and pay off everything.

I am 50 years old, I have always tried to live within my means until medical insurance went to 800 a month, electricity doubled, food increased, and bills started coming in from medical needs not covered by insurance. How can anyone still be looking to the people (the working man) to carry the burden of these criminal acts. I truly hope these people swallow their wine well because there are going to be a multitude of people who just throw in the towel, stop paying in order to make sure they have food, a car, and the bare essentials.


Sandy   February 5th, 2009 9:30 pm ET

I don't understand why Suze sympathized with the caller who was upside down on their mortgage and could afford to pay it, but told the caller who wanted to consolidate their bills and that they made the bill so they should pay it. I don't understand that logic. Maybe I didn't hear everything correctly. Will she explain?


Ray   February 5th, 2009 9:30 pm ET

Everybody is talking about troubled people which is good but same time there are many people out there who has concerned about what to do with their big money? So my question is that if I have $100,000 where should I put or what should I do so I can help the economy?

Ray


Matt in Toledo   February 5th, 2009 9:31 pm ET

A major premise of the recovery plan is to get money to people so that they will spend it. But isn't too much spending what got us into trouble in the first place? This seems like a contradiction. What does Suze think?


Karen Peralta   February 5th, 2009 9:31 pm ET

I think the President is in great physical shape, but I know he used to smoke a few years ago. There’s a great Swedish legal stem cell treatment where he only has to take about a week off, maybe during his vacation time, and he can get himself completely fixed up, with his lungs turned back to their original healthy tone and pink color.

The treatment involves turning off his immune system for a few days, nothing extreme I understand, and then injecting him with adult stem cells. They will tone his entire body and remove impurities, plus helping him with his overall health and also bringing his lungs back to normal. Then he spends some time in a bubble while he’s getting his immune system back.

This has been legal in Sweden for years, and it costs only $150,000 total for one treatment. All kinds of movie stars and important people are getting this treatment. I hope myself to get it done someday. They (the Obamas) could pay for it in installments and maybe their health coverage covers at least some of it. If I’m lucky, my stepson might pay for my own treatment. I have severe chronic dystonia/dyskenesia from being put on a psychiatric neuroleptic medication after a difficult pregnancy.

My left side spasms and my neck turns to the left, sometimes uncontrollably. Fortunately, I can still work my job ghost writing and being a copy editor and ghost writer. I just wish Pres. Obama could read my posting, as he would probably feel much better and be more healthy than ever and able to lead the nation with a greater spring in his step.


Vicki   February 5th, 2009 9:32 pm ET

As much as I "use to" admire Suzie Orman...I resent what she is saying tonight about "it's my debt and I need to be responsible for it". I had a position in a corporation making in the high double digits. Five years ago I had an accident and never went back to work and am currently on disability. I had to use my credit once my savings was gone. I feel that I more than "paid my debt" back threefold. The interest rates that have risen to 24.99% is above and beyond "my debt" and is banking greed at this point.


Vishram, Silicon Valley, CA   February 5th, 2009 9:32 pm ET

I don't understand why Suze wants the government (=us, the people) to bail out those who bought a $700,000 home in FL that is worth only $250,000 now. If these people bought overvalued homes just to flip them 1-2 years later and make huge profits, let them suffer. If they bought them as a primary residence, let them continue to live in them and long-term, things will correct themselves. Otherwise we create an irresponsible society where people are encouraged to make big bets because there is only upside to THEM and downside goes to the American people.

Is government going to bail out those who bought Google stock at $700? or bet big on gas hitting $10/gallon? In Silicon Valley, people who make risky bets win big or lose big. On Wall St, people who make risky bets – with some one else's money – win big and get bailed out when they lose.

Besides, when Japan, SE Asia, Russia, Mexico etc. went through their own real estate and banking crises, US told them to let bad banks die and for everybody to just ride out the pain. But when it comes to our own economy, we are taking this bailout approach. What happened to free market???

Also what's wrong in RECESSION? If the GDP was inflated based on excessive consumption and excessively high real estate prices, do we really want to keep them artificially high?? Let them drop so that the prices of everything are once again aligned with the sustainable growth in people's incomes.


Walter Moriarty   February 5th, 2009 9:32 pm ET

Considering 9/11 and the use of planes, did New Yorkers, seeing the United plane land in the Hudson- re-act thinking 9/ 11 ?


angela   February 5th, 2009 9:33 pm ET

I'll betcha Ms. Orman has alot of money in her lil old bank account, good thing for her there are so many nice stupid poor people reading her. I AM NOT ONE OF THEM... The Lord will Provide and I am spending money as long as I have it. If people are terrified to spend like Ms Orman wants us to be, who is going to keep the economy going. God says to take one day at a time, not to hoard and worry. REPLACE HER!!!!


NYC Student   February 5th, 2009 9:34 pm ET

Hi Larry and Mrs. Orman,

I'm a 23 year old medical student in New York City, on pace to graduate with $130,000 in debt. What do you think of canceling all or a large portion of- federal student loans as an economic stimulus? Doing so will put money in the hands of young people who will DEFINITELY go out and spend their money, don't you think?


Barbie   February 5th, 2009 9:34 pm ET

Suze,
You told Smokey he/she borrowed the $70,000 in debt he owes, so he needs to pay the bill. Why does the same not hold true for the couple from Tampa who have a $700,000 mortgage on a house that is now worth only $250K? They borrowed the money to buy that house at that price.....

All this talk about upside down or underwater mortgages makes me angry. Nobody helped us back in 1983 when interest rates shot up to 12% right before my husband and I closed on our first house; we were expected to make the payments. And nobody helped me four years ago when I was upside down on my car loan –I bought a late model used car and then two months later the market was flooded with fleet vehicles of that model and my car's value dropped over $2500–I had to either trade and take a loss, or keep making the payments.

Ever since our first home, my husband and I have been careful to only buy homes we could afford to pay for if we only had one income. Those who were the victims of predatory lenders deserve our help, but he rest just need to stop whining and take their lumps. Nobody forced them to buy expensive homes.


Sharon Hill   February 5th, 2009 9:35 pm ET

Bank of America on Jan 31 charged off a credit card account because I couldn't pay the minimums and they told me not to even bother if I could only send in $5 or $10 a month. So tonight a collection company called me, I missed the call but called them back and explained the situation to which they got just rude. So I turned the tables on them and called them back about 4 times in one night which upset them. I want to know, something because of their harassment tactics, they say they have the right to constantly call me on the debt because I have a business relationship with them. But in actuality my business relationship was entered into with Bank of America, not them. I do not recognize that I owe their company any money. So how do I report them and to who?


Lorriane Shands   February 5th, 2009 9:37 pm ET

I have noticed quite frequently the news media and other polictical anaylst have been addressing the President of the United States of America as Obama. I find this offensive and disrespectful. The President should always be addressed with his proper title, Mr. President or President Obama. Not as Obama. As I have heard on your program. It is very unsettling for me.


Richar Stevens   February 5th, 2009 9:39 pm ET

Am I wrong in thinking that maybe instead of a mere tax break or refund that will add up to maybe a new refrigerator, maybe we could just get our money back from our government, it is ours we are told and allow individuals a one time chance to pay off all their unsecured debts. Or, the government pays off our unsecured debts with our money instead of giving more to the banks and car builders who squandered it on huge CEO salaries and bonuses. I think we as consumers will not make the same mistake twice by thinking we can spend the way we did but our government seems to do it over and over because after all, it's not their money and they continue to eat well and live in their nice homes. Close the banking loopholes for all their fees and outrageous interest rates along with their crazy CEO bonuses in the future so that we cannot get ourselves back in this situation again. This will free everyone up to spend on good things at fair prices.


ashley ramcharran   February 5th, 2009 9:39 pm ET

hi i am a small real estate inventor with a special needs child, financially we are in trouble because our income has dropped in every direction we have started a business in the flea market and not even that is paying enough, my problem is i have stopped paying 7 of my mortgages (including my primary residence), and i have been trying to get some modifications but the problem is that the banks (especially american home mortgage is extreamly difficult to work with, they call our phones over 10 times per day even though we are trying to work with them just to tell us we need to borrow money from our friends and family to pay them but when i ask them about my modification they put me on hold and leave me there on put me to voicemail and and then i don't get a return call from that rep they put my call through to. how can i get this bank to work with me, they have always given me a hard time.


William Davis   February 5th, 2009 9:39 pm ET

YOU ARE TALKING ABOUT THE ECONOMY I T IS TRUE THAT BAD MORTGAGES HAS CAUSE MUCH OF OUR PROBLEM HOWEVER TO THINK THAT WE WILL HAVE INSTANT HOME VALUES BACK TO WHERE THEY WERE SAY THREE YEARS AGO IS NOT TRUE. PART OF OUR PROBLEM IS THAT HOME VALUES IN MUCH OF THE COUNTRY, AND ESPECIALLY IN CALIFORNIA, HAVE BEEN WAY OVERPRICED AND INFLATED FOR YEARS. SO THERE IS NO QUICK WAY THAT THE HOME VALUES WILL RETURN TO THOSE LEVELS ANYTIME SOON. MAYBE IN 10 TO 15 YEARS AT THE QUICKEST.


Elizabeth Evans   February 5th, 2009 9:41 pm ET

Listening to all the well deserved praise of the captain and flight crew and hearing the tapes, it occurs to me there is one hero that has not been recognized....the air traffic controller who cleared several runways...probably arranged for rescue crews...notified supervisors and, I would imagine, was doing all of these things while maintaining his calm. He is an unsung hero who deserves a pat on the back too.


Jim Koscs   February 5th, 2009 9:47 pm ET

I was just watching the segment on Flight 1549. Why do you keep referring to the plane's landing as a "crash"? It was a safe water landing, something pilots are trained to do. It was a landing, not a crash.


Paul Kennedy   February 5th, 2009 9:49 pm ET

to encourage people to by American made products reduce the sales tax to 3% and make the rate for non-American made products 7%....this would encourage people to buy American


jaymee   February 5th, 2009 9:55 pm ET

The FAA flight controller was as calm and reassuring as the Captain. He needs to be congratulated as well. Because of his calming words, runway 1 is open, Teterborough is open, which runway would you like, he helped Sully to maintain his composure and land the flight successfully.

Thanks, jaymee


Heather in Illinois   February 5th, 2009 10:00 pm ET

CNN, Larry King and Suze are being irresponsible! Stop exaggerating. Encourage people who can spend to go out and take advantage of these great prices on homes and current interest rates. If you really want to help tell our government to stop screwing around and do the right thing! We need to start from the bottom and work our way up. We the people make this country work, this economy work!!! This country needs a workout that will get people off the fence and out spending or more jobs will be lost. Give each American a miilion dollars and all this will go away! A elementary student understands this better than you guys. Be responsible and tell the truth or you will be next to loose your job. You won't be selling books and people won't have the money to pay for cable, so they can watch you and your guests scare the hell out of people!


Joe   February 5th, 2009 10:08 pm ET

Statement for tomorrow's show with Gov. Palin. The citizens of Alaska have voted MULTIPLE times against the practice of Areial Wolf Hunts – yet the Governor has chosen to ignore them and authorize the hunts!?


Lilarose in Bandon, Oregon   February 5th, 2009 10:08 pm ET

Larry, I find that your calling the flight that landed in the Hudson River a "miracle" minimizes the incredible job the pilot "Sully" did.

A "miracle" is something that can't be explained.

There is nothing that is unexplainable in the heroic job Sully did in landing that plane safely and saving all those lives.

Maybe he was inspired by God, but it was Sully who did the job.

It was sure no "miracle."


ASHLEY   February 6th, 2009 12:10 am ET

My husband and I are now considered to be "underwater homeowners". We have tried to meet a compromise to lower our payments (instead of foreclosing and ruining our credit) numerous times with our lender, yet they refuse to meet us in the middle. What are the people who have not hidden from their debts and responsibilities, but are still in over thier heads, supposed to do?


Alana   February 6th, 2009 12:14 am ET

I am totally against the stimulus bill. I think Obama is a smart person, but saturating the economy with this ridiculous spending is not the answer. Larry, to recover this economy, the president needs to put a plan to action for all companies to let employees hold on to there jobs. Give these companies payroll support until the economy get better. By doing this, people keep their jobs and are able to pay there mortgages. Win, win situation to revive the economy for everyone.


tanya duree   February 6th, 2009 12:17 am ET

The "bail out" plan has more installments of the $700 billion that should be allocated towards the housing and credit mkt. the stimilus plan is job creation. Focus needs to be on Green Technology.


jim g ledbetter   February 6th, 2009 12:18 am ET

Larry...if Obama was to take the total of the stimulus package and divide it by each person in the United States which would be around $60-65,000.00 each...and write each person a check and waive the taxes for it, our economy would take off like a rocket.
Just think....If husband and wife both recieved a check for $65,000. each..they would pay off their house or buy cars or pay off their credit cards..buy boats or rental property...etc.

The exceptions would be ....anyone that made more than a one million dollar bonus last year .....would not recieve a stimulas check....
jglass


Emma   February 6th, 2009 12:18 am ET

OrmanOrman lives in a parallel universe generally speaking, but tonight she has outdone herself. She is misleading the viewers. In the scenario presented (homeowners upside down on the loan to value as a result of the current economic crisis), the owner who wants to sell can ask the lender for a short sale. The owner who wants to stay and pay and reduce their monthly payment asks for a loan modification.


jason grigsby   February 6th, 2009 12:21 am ET

im a full time student & working & was informed about our job is stutting down. am Ientittled to unempolyment or the fact that imgoing to school disquallify me since they ask that online for unemployment


Wilian Menezes   February 6th, 2009 12:23 am ET

Suzan is saying that if you have a paycheck you should put this money away, and my question to her is how the economy going to move on??? She contradicts herself and the whole idea about the proposal of the government.


Levi   February 6th, 2009 12:28 am ET

hey my name is levi... i have some serious debt from my early years. i am trying to get out of debt but with todays economy how can i get out when i can barely and i mean barely live now. i have tried for a second jub but due to the low jobs i can get anything and i have thought of quiting to get a different job but unfortunitly i can't cuz that would but me in the horrible situation


B Brown   February 6th, 2009 12:30 am ET

Dear Larry:
Great show. I am really tired of the prolong voting by the Republican senators, they are all getting their pay, and living well, with no families
being threating by this economy, that the last president left for this the now elect President Obama, I think the republicians are all mean spirited, and hateful because Obama won alone with his nationality,

When George Bush wanted to go to war which got us into this mess
with no weapons of mass destructions, now the republicans are holding out for the poor people of america, how much money did the
non-important war cost americans? the the Republicans holdup on
voting for all the men and women that lost their lives in a non important war? How much money was sent to Iraq un-necessary"""

I don't beleive it the bill and what in the bill, I think it's the Man thats
is requesting the bill be signed/ I am very,very upset over the non-caring party thats holding out , also for all the deomcract that are
stalling, How many of them are being threaten by losing their homes
and jobs?

Maybe some of those that are not in agreement with the bill should be
fired as a Senator./congressmen likewise.

They should pray and ask God to forgive them, for they know not what
they do.
May God bless America!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


SL Hayes   February 6th, 2009 12:30 am ET

My husband invest thru his work into ge stock and international funds. Like others, we have lost alot of money. My question is, he invests more than what the company matches. Do we wait it out or only invest the amount they will match.


steve angelos   February 6th, 2009 12:31 am ET

Dear Larry.
Here is a story that is fully true and I want your comments.
It is about a mother who was financially very strong and she had an agent to manage her financing and also she had two sons. One son was an engineer smart and productive.and the other was working in a restaurant not so smart as the other and of course less productive.
Both sons one day needed some money to buy something for their families and so they decided to go to their mother and ask for a loan of $5000 .
The mother send them to her agent and each one got a loan of $5000 with the agreement to pay the loan in three years plus 5% interest in monthly payments.
In the process of the time the engineer was paying regularly the monthly payments but unfortunately for the other son the things did not work to well and he was late in some payments plus he missed some but finally he paid in full the loan plus the interest.
A few months later both sons went to the agent again to ask a new loan for their family's needs.
The agent gave to engineer the $5000 new loan easily, but when the other son went to take his new loan, the agent told him that the only way he could renew the loan was that he had to pay double the interest than the other son was paying. The poor man was surprised how the agent could ask him to pay double the interest than the engineer as long the agent knew that he had problems to pay the low initial interest. He thought that it might be reasonable to refuse to renew the loan but on the other side it looked schizophrenic for the agent to ask for the double interest. He desperately ask the agent if his mother knew about that and the agent replied that was suggested by his mother.
There is a continuance in this very true story but before I'll continue I would like your comments about the agent and their mother.
A) Were the agent and the mother schizophrenic?
B) Were the agent and the mother malicious?
C)Was any conspiracy of the agent with the mother to take an advantage form the not very productive son?

I'll continue the very exciting progress of this family events. If I heard this story in your show as MOE's story and comments from your commentators.
There are alot of surprises in this story with some dramatic events
I have a lot of respect to you for your show because you bring the reality as reality.


Sanford Cox   February 6th, 2009 12:33 am ET

I lost my job January 20th, the day Obama was inaguarated. I worked at a casino almost 16 years. This past summer I worked many jobs. Often I only got two hours of sleep. I am about to lose my house after living here almost 14 years. Where do I go and what do I do now? This is not about just me but about a lot of America.
Gardnerville, NV


pooja lachmandas   February 6th, 2009 12:34 am ET

How come Suze thinks that credit card debt is an obligation and needs to be paid off instead of talking to consolidators who promise to cut your total debt, when on the other hand she recommends that people whose mortgage is underwater should shortsale or walk out!!
That is also a debt that you have taken for a purchase that you have made –not the bank!! Why should they take care of a bad buy for people! When people sold their houses for more than what they had originally bought it for they did not share the profit with the bank?
The reason the rules are in place is for people not abusing the system–If they can afford to pay because they have a job why should the y be allowed to walk away??
They know when we are out of all this mess if they have the sticking power it will be worth more. Why encourage them to ruin their credit and do a shortsale –they will become renters and then end up making another bad buy after a few years when credit id freed up again and the house prices are up! Full Circle!!


Belinda   February 6th, 2009 12:35 am ET

Did President Obama think he was going in the office and get everything he wanted? Yes, he did! However, he is not going to get everything he wants. His stimulus package is poor, poor, planning. He has already gone back on promises he gave to the people when he was running. He's just another politician that is going to run our country into the ground. The Republicans need to stand firm on this stimulus package and do not need to let him have his way. The stimulus package will not help our country in creating jobs. I personally do not want to give my tax dollars to illegals that will be able to file taxes, because they can get a tax id number. Do you want to? President Obama is going to put America into so much debt that we will never get out debt.
We are in a recession Suze. Also, Suze said she went into a McDonald's and there were no jobs available, not so here in Louisiana. There are jobs available at McDonald's and other places.
Americans need to pray for our country and our politicians. Always keep your eyes and ears open to what is going on in Washington and in your own state.


Jeannie Webb   February 6th, 2009 12:48 am ET

My comment is on the Michael Phelps story. I agree that what he did is wrong. He should pay a price for it because of the kids that look to him as a role model. Not swimming for 3 months and not getting paid for 3 months is ok. What I do not agree with is the prosecution for a picture. We have a former President of the United States that said he smoked pot, which is illegal, but did not inhale. Did we procecute him? No. If Michael Phelps is prosecuted because of a picture that he tells the truth about, then maybe we should prosecute former President Clinton, who I feel lied about the inhale thing.


Debra - Pennsylvania   February 6th, 2009 12:56 am ET

Hi Larry,
I don't understand why the government won't move to help all the homeowners in trouble with a very simple bailout plan. Refinance all the bad debt personal mortgages with low fixed rate government guaranteed loans. This removes risk for the banks and clears their books of bad mortgage debt. I am tired of people talking about credit worthiness. People who had good enough credit to buy their homes have now had their credit ruined by these banks and the economy. If banks were judged by the same criteria none of them would be credit worthy yet we are bailing them out. If Americans all had low interest fixed rate loans their mortgage payments would be less and this would generate billions of dollars that they could then spend on consumer products. The demand for houses and property values would go up and the construction industry and all its related industries would recover creating millions of jobs. Everybody would win with this simple solution, and this recovery would not take years. We would see a change within months. Put a moratorium on foreclosures and bail out all home owners. Save them and you save our economy.


Mary   February 6th, 2009 1:54 am ET

Love Suze Orman, but the rich/poor dichotomy came out in tonight's show... They say the rich (which would include Suze) want socialism for themselves and capitalism for the poor. In tonight's calls, Suze upheld this thought. The caller who had $70,000 is credit card debt was told he agreed to pay it and he needed to pay up. The wealthy client of hers in Tampa who agreed to pay for a house that was no longer worth that much, brought about Suze's anger at the bank who would not eat the loan so that they only owed what the house is worth! That makes her soooo angry that banks won't write off the debt without the homeowner being behind. Well, I'm guessing the items purchased by the credit card debtor have decreased in value as well. Why should an owner of a $700,000 house be let off the hook, but not the credit card debtor?


Eric   February 6th, 2009 3:14 am ET

I respect your guest Robert Kiyosuki for being a former homeless man and Vietnam vet, but giving us "happy talk" about buying silver coins is nonsense. Then again, I can think of one thing Robert can do with his silver coin. Oops!


von allmon   February 6th, 2009 3:30 am ET

My wife and I are a small company who are just trying to make a living and with this new bill only helps people with employees of 100 to 500 people. We only started our company last year we are very small just us right now and I sent the president a email saying if he could only give us hard working people who are trying just to make a living and keep a roof over our head. I think if the gov. would give us hard working people who could put the money to work for us not the rich who put us where we are where we are now. Just give us 100,000 per american who has a job or company thats still lest than 5 billon if he gave every person in the country. The gov. needs to let us the people help our self cause the gov. hadn't helped anyone but themselves or the already rich. as I was saying the banks will not loan us money so we are trying to stay afloat with what little work we get. Mr. king people respect you and will listen to you please speak out for the real people of this country who work hard and all wee need is a chance to have the dram that we built this country on.

thank you
von allmon


Josef Huber   February 6th, 2009 4:06 am ET

From: Canada , you folks should let Pres. Obama do his thing


Tahoe Jodie   February 6th, 2009 4:12 am ET

As a past airline flight attendant and now a 48 year old mother who is just about to receive my private pilots license I want to commend Captain Sully's expertise and courage. I also want to commend the first officer and the flight attendants for their professionalism. I am sure, Captain Sully will agree, it took the professionalism and bravery of the whole crew to have the success they had...It takes a team.
With that note, I am disappointed that the rest of the crew was not on your show and not even given recognition by name. As Vince (one of the passengers you interviewed) said, it was the cabin members that helped the confidence of the passengers stay calm and lead to an orderly evacuation. Captain Sully is no doubt a hero but to leave the rest of his crew without recognition is a big mistake on your part. Also their were 152? passengers onboard. Could you not find a female passenger onboard that wanted to give her recollection of what happened? Captain Sully and crew did an excellent job...CNN you could have done better.


will pattison   February 6th, 2009 5:24 am ET

people need to wake up. this economic crisis wasn't brought on by a single president, nor will it be fixed by one. WE did this. it's a clear case of too many people buying too much crap they don't need with money they don't have. i have zero sympathy for the guy with $70 grand in debts. unless he got that because of a family medical situation, then he's getting what's coming to him. bigger houses, bigger cars....bigger debts. i, for one, feel no need to use my tax dollars to fix somebody else's irresponsible spending!


FAYEZ YAZJI   February 6th, 2009 5:43 am ET

Pouring billions to help falling companies is a 2nd theft. Helping the thieves is a crime. If 3 ceo-theves of the biggest carmakers are telling you they want to declare bankruptcy, this means they tried all remedies but they failed. So can you revive a dead? You are stealing the taxpayer’s money. Let the collapsed company to collapse and start a new neat era.
Obama is trying to push money in the pockets of these thieves because he was a member of Chicago governor’s gang.


Frederick Stone   February 6th, 2009 6:04 am ET

Hi Larry, after listening to SUZE, my blog of the 5th applies even more.
I am sorry to say, SUZE, you talk in great sound bites. Just remember SUZE, one bite has to be chewed 32 times! Start chewing my girl! If people follow your advice, they will not get into trouble, but the question now is, how do we get the economy going, immediately?
VERY SIMPLE. Put money in the pocket of the consumer. Suspend monthly mortgage payments and car installments for 2 years. Suspend all foreclosures and repossessions for 2 years. Cap the interest rates that the banks may chanrge, especially on credit cards. Let the Government then guarantee the banks for these payments. Don't give them hand-outs. They have to deliver a service to get the government support. Keep a tight control with by strict administration of guarantees and payments to banks. The lending banks will have a $300 trillion solid financial foundation (this is the reputed housing mortgage value, which will in effect be guaranteed by the government's plan as I proposed). Most importantly, it will place a floor under property prices.
The housing and car owners do not make up all the consumers in the US, but their situation can be addressed quickest as one group that will impact the economy. This way the government does not have to give a handout to the Big Three car makers, who have to make their own efforts to sell their cars (use the above two year no payment basis?).
Tax cuts are medium term incentives. It will have no effect in the short term.
Tax repayments will cost the goverment billions, with no emmediate effect on the stagnated economy.
For the short term quick start of the economy, stimulate the banks on a payment for performance basis.The same with the car companies.
The authorities have to think logically.


Freeborn   February 6th, 2009 6:14 am ET

Republicans should put politics aside and consider the goodies this stimulus plan has in stock for Americans. Freeborn from Nigeria.


Sharon Hill   February 6th, 2009 8:19 am ET

Everyone needs to write their Congressmen, Senators, Governors, and The President with these suggestions. We also need to ask them why if they have over 35,000 open jobs posted it is taking them over 4 months to a year to get current jobs filled to help get people back to work and give unemployed people a chance to fill these jobs perhaps over people who are currently working. Maybe that way by the time they create the additional 244,000+ government jobs they can get them filled in a timely manner and slow the hemorrhage. Don't count on these people reading these blogs and acting on them.


Davis   February 6th, 2009 10:41 am ET

Mr. Obama said on the speech at House Democrats at their annual retreat: "What do you think a stimulus is?" Obama asked incredulously. "It’s spending — that's the whole point! Seriously.”
I don't believe that USA President can translate stimulus to be that mean. It is so wrong and unacceptable for Mr. Obama playing this word in political. Your can try to build your own "I" and let us behind don't you care bout American people, my answer is no. You care only about how to make you looking good. That’s the whole point! Seriously. Your stimulus package is only 10% for stimulus economy, and 90% is not. Every body can see it, Why you can not see it , Mr. President.
I can see communist word stating to begin appears in our country. It is mean follow me you will live, if you are not then death will be for you. Otherwise, people will frustrate to hear all liars from them.
Thanks

Davis
San Diego


Gaby Hall   February 6th, 2009 11:14 am ET

Larry, I listened in to your broadcast Feb 5th dicussing Short Sales. I was amazed at the misrepresented information discussed by your guest. While thousands of homeowners file a short sale application every month the majority fall thru NOT because the lenders are not cooperating with homeowners, however because the individual (usually the real estate agent or the homeowner) do not know the correct way to submit the application. Knowing the short sale system within each lender and their guidelines will get a descent short sale offer approved. My company has successfully processed 100's of short sales in our area. I continue to be amazed at the lack of knowledge not only within the real esate community but also with financial advisors. I would be glad to have a candid discussion on short sales, the short sale system within the lenders and the approval process. Regards, Gaby Hall Processing Specialists, Inc.


Tony Darfour   February 6th, 2009 11:58 am ET

Politicans or lawmakers are not laid off during downsizing or an economic downturn periods. As such, they will never truely understand when majority of the people loose jobs and face extreme hardship at this trying times. I will take opportunity to suggest that every State, Town and County in U.S should begin laying off a Senator, congressman, assemblyman etc. Example in New York state we have two Senators, the state budget is in the red, hospitals are being closed, firehouses are being closed, all the essential sservices are being cut or closed. That is the reason why they danced around when homeowners were losing their homes and now the are waltzing with the stimulus bill. Why will a state need more than one senator or a congressman for ?. Get rid of some.


colin jennings   February 6th, 2009 12:41 pm ET

What would you do with a sizable sum of cash ? Can we trust our deposits in banks ? Is the Dollar still the currency of currencies ? How will the downturn affect those pensioners on fixed, albeit good, income ? Will those that hold cash be in better shape than prevously with prices falling and economic contraction ?


Integrity   February 6th, 2009 1:05 pm ET

The conclusion I am getting from watching our Congress at work on C-span is not resolving issues and discussing the pros and cons of this stimulus package, but political posturing. Someone needs to keep them focused on the issues. This is an urgent matter...not a platform to work for re-election.


concered/Denver Colorado   February 6th, 2009 1:10 pm ET

How do you feel about fixing the houseing if people do not have jobs to purchases homes ...a lot of homes were lot due to unemplyment


Charlotte   February 6th, 2009 1:13 pm ET

Enough of Suzie Orman.

I am a recently "layed off" white collar worker and I do not appreciate the negativity! I know things are bad out there. I am living it every day. Instead of lecturing and terrifying us with bread line stories and just making us more depressed at least help out!
She should be volunteering her time to do people's taxes for free (yes even those of us that are layed off have to have their taxes done) and helping out in those bread lines she is talking about. Larry should have her reporting from job fairs and really getting the real stories of who these people are in the bread lines. (Also, she is appearing in Town and Country this month which really does not help out her crediability. She is not exactly living in reduced circumstances by any means these days.)
Those of us who have had to face being layed off (and for some of us this is the first time to experience this) live reality everyday, we do not need someone scaring the hell out of us and depressing us everytime we turn the TV on. She should be out there helping those that have had to face finanically hard times, not be negative! We do not need anymore negativity in America right now. Get her off the TV!!


Eric   February 6th, 2009 1:45 pm ET

How does a person like me that's laid off save money. It will take all of my savings to keep from losing everything and then after all that I may still lose everything anyway. I can't get another job in my area because my unemployment pays more than if i were working one of these $8.00 an hr jobs. Everyone else is laying off too. The government does not have the manufacturing peoples back, there just leaving us lay for the buzzards to pick up after we die!! I've never seen so many manufacturing jobs lay offf at one time, and all the government can say is we need to bailout the banks, auto companies. Who without a job can get a loan let alone a car? And who after having to take bankruptcy can even get credit to get a loan? What's wrong with this picture? It's our tax dollars bail us out who need it the most. It's not just an isolated incident in my area it's all over the U.S. But does the government care. Hell no!! It's all about the banks and car companies, that's a load of bull!!!


Jesi   February 6th, 2009 2:25 pm ET

Dear Mr. King,
Could you please explore the case of Leonard Peltier to possibly do a show concerning his 33 year incarceration for a crime he didn't commit. Two others involved in this case were freed on self defense.
He is currently serving time in Lewisburg Pa.
Robert Redford did a movie called The Incident at Oglala concerning information surrounding this case and proving his innocents. The FBI refuses to release information from this case and are currently claiming to have lost papers that would prove their deception in having Mr. Peltiers illegal extradition from Canada. Please explore this case and help us Free Peltier so he can live out the rest of his life with his family.
Thank You,
Jesi Turner


Ammon Dennis   February 6th, 2009 4:51 pm ET

That's it: I want Socialism. At least then we can all go back to school for free to get retrained and to the hospital after the financial stress causes a nervous breakdown. I'll gladly pay the tax for it, too, because 40% of my paycheck for taxes is much cheaper than American insurance or hospital/college bills.


Terrill Lankford   February 6th, 2009 9:28 pm ET

Larry, you seem to be surprised that so many houses are so upside down – i.e. more is owded on them than they are worth. There's a great reason for this. The greedy housing rush of the last six years (due to deregulation, low interest rates, and the complete breakdown of the checks and balances needed from the banks and other lenders in an attepmt to line their pockets with fast money) was a PYRAMID SCHEME. And it created a housing market that was far higher priced than it had any right to be. When Suze Ormond says the price of houses has to go back up again she misses the point entirely. The price of those houses should have never been that high in the first place.

A lot of people made a lot of money over the last six years working this scam. Where is that money? It's in their pockets, but they won't be digging in to bail out the situation. As in any pyamid scheme, it is the last round of greed heads that gets burned. Now EVERYONE in the country is expected to bail them out.

Please, please, ask the right querstions of these "experts" in the future. A good one would be: "Why should people who did not buy into this scheme be expected to bail out those that did?"

The toxic nature of these loans should not be purchased by the taxpayer. If someone can't pay for their overpriced house it needs to go back on the market and the purchaser needs to deal with the fact that they gambled on a housing market driven by greed and bad judgement and lost.

Houses should NEVER go back up to the outrageous price they were before the bubble burst. Not for decades at least.

But we are ALL going to suffer for the greed exhibited by the lenders, the deregulating politicians, and the Americans who were suckered into this scheme last.


tama   February 6th, 2009 9:38 pm ET

Obama did screw up. He screwed up believing Republicans give a crap about this country.It make me sick to think they are so obtuse as to think that tax cuts for the corporations would be effective for jobs . I'm not good at math but I have enough common sens to understand that if company's aren't selling things they don't hire. So once again tax cuts are just more profit for less merchandise for the corporations. When are the Republicans going to start caring about the country more than their politics? Thank god we voted them out let's keep up the good work.I think they should all be audited by the I.R.S. that would shut them up for awhile.

re


M.K. Kilgore   February 6th, 2009 9:43 pm ET

Larry, I just heard Steve Forbes rant about the stimulus plan and all he could come up with was to cut the payroll taxes for two years. where has he been for the last few years, on the moon? There are no payrolls left to cut taxes on, they are all overseas in some Republican controlled sweat shop. The Republicans keep saying that world war two, not FDR ended the great depression. I wont argue with that, but if it had not been for FDR and his programs to get folks back to work, we would all be bowing to some maniac like Tojo or Hitler today. The Republicans had better wake up ot they will be lucky to hold thirty seats in the senate, and 150 seats in the house after 2010.


Amelia Monsour   February 6th, 2009 9:46 pm ET

Dear Larry, Re: the economy, all of this talk of doing something is taking so much time. What I think will have an immediate action on the economy is: Since there are only 300 million people in the U.S., which is less than billions, why not send 1 million to each head of household with no strings attached. Can you imagine what a shot in the arm this would be!. Each one would spend it where it is needed, paying off their mortgage, spending on necessities, buying a car, put money in the bank. I can't think of a better way to cure the economy which needs a quick fix, not a long time fix. So much time is being wasted on long time fixes. This would help all segments of the economy.


Joseph Phillip   February 6th, 2009 9:49 pm ET

Hello Larry:

I am contacting you from Toronto, Canada.

I am following the debate in the Senate about a stimulus bill. I"m amazed at how almost all Democrats think the same way about the bill and almost all Republicians another way about it. It's just an ideological battle.
Another thing is I do not here any saying that if the bill passes the Senate it is a victory for the American people, but commentators are seeing it as a victory for the President.


Actongue   February 6th, 2009 9:52 pm ET

Ashely Judd and Defenders of Wildlife are spot on.

If Palin sounded half as Intillegent as Judd, then the United States and the World would think differently of Palin.

Palin's Statement does nothing to disprove Judd and the Defenders of Wildlife Stance on the issue. She just spouted her normal

"I am right and everyone else against me is Wrong Attitude" Blame the Media Attitude is getting old.

People Supporting Palin have "The Palin Glitter Factor"
Palin is no more then a fairytale for those that soo want to desperetaly believe in her.
She goes around saying the most ludicrous things that most likely would have a male VP nomination taken off of the Ticket.

Palin cries out The Media is picking on me Fans" Then her fans go oh that is ok Sarah. We will sprinkle more magic glitter on you and will call the Mass Media Evil. There there Sarah, we have sprinkled Magic Glitter on you, and will do so once again if the Big Bad Media wind blows it off you.

The problem lies in the fact that There is no substance to what she says and it is all Glitter Coated. Maybe the Media is Biased in the Fact that they did not want someone who lacks common sense and good judgment to be VP or President.


Mike Pudmaroff   February 7th, 2009 2:41 am ET

Larry, How involved is the Illumanati House of Rothschilds in our present economicsituation. If you get a chance read the Illumanati, House of Rothschilds also wikipedia encyclopedia report on House of Rothschilds. I just wonder what other families here in the US are involved such as the Rockefellers, Kennedys, Morgans, Bushes.


David Zurcher   February 7th, 2009 2:04 pm ET

I wanted to ask the pilot on the US airways aircraft if he had received training on how to attempt a landing on water. Also, to the pilot, was there a special angle that you went to for the landing? 30 degrees? Who made the decision; don't open the rear doors? What happened there? Also, would a Boeing 737 stay above water equally long? Thank you.


teresita mondick   February 8th, 2009 12:35 am ET

I suggest that all state and federal politicians who are wealthy from their private business, forfeit their government salaries. These salaries should be divided amongst the middle class government employees ie Military, teachers... These politicians lament the state of our economy but I have yet to hear about peronal sacrifices they have made for their constituents.


pat panter   February 12th, 2009 10:53 am ET

It was a pleasant surprise to watch the show last night regarding the "miracle on the hudson" with all of the gloom and doom in the
news lately it was very heartwrming to see a story of how we can realy pull together as Americans and help each other when the chips are down. Thanks you for such a heartwarming story


vic quijano   February 13th, 2009 12:25 pm ET

am admirer of bill maher, straight talking. dont necessarily agree w/ his blagojevich commnt. for all i knw he might be correct, but i find it hard to believe that the govrnor is corrupt in that he's been in service for all this time and may just politicking. im not very good w/words, but id like to metaphorize it w/ pres. clintons "sex" lie impeachmnt. to that does not deminish pres. clintons achievemnts for the country much less make him a corrupt person.
on maher commnt on him being caught. id like to wait for the whole story to comeout. tks.


Rita Prescott   February 14th, 2009 8:27 pm ET

Please tell Bill Maher that I love to see and hear him on tv because then I do not feel so alone. This is a very bad country to be a non-religious person...religious people seem to be the most negative and non-accepting of anyone different from them.
Thank you, Bill and Larry.....


Rita Prescott   February 14th, 2009 8:33 pm ET

I have noticed CNN and HNN both referring to President Obama as Obama, Mr. Obama, and Barack...this is incorrect and very disrespectful. I would imagine Fox News doing this, but not CNN. They always spoke of the Bush as President Bush, why not President Obama ?


Linda LaSalla Huntington Beach, Ca   February 16th, 2009 9:26 pm ET

You go Suze,
It is time to come together. I am tired of the republicans trying to keep this country divided. Now is not the time for sour grapes. Give President Obama a chance.
I am 60 with no assets. I am unemployed and haven't a clue how to get financial aide to go to school, I am not 21.
I will survive, I always have. Now, more than ever is a time for taking responsibility. come together and listen to Suze, she needs to be President Obama's right hand.


sean brizendine   February 16th, 2009 9:34 pm ET

suze is it possible that we might never recover from this current economic crisis?
"sean in santa rosa"


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