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March 23, 2009

Monday's LKL: Meghan McCain and our "Question of the Day!"

Posted: 06:01 PM ET

1tvlarrycustom1Check out our "Question of the Day" below!

Tonight, Meghan McCain!  She's taking heat after taking on some conservative commentators.  What's going on?  She's also a regular contributor to thedailybeast.com.   John McCain's outspoken daughter joins Larry at the desk!  Want to read other postings by Meghan?  Go to:  mccainblogette.com

Then, Larry's political panel weighs-in on the U.S. Treasury's plan to rid banks of "toxic assets," President Obama's "60 Minutes" interview, his comments on former Vice President Cheney and more.

HAVE YOU ANSWERED OUR "QUESTION OF THE DAY?" Today's question comes as the Dow jumps 500 points, reportedly, on the news of the U.S. Treasury's "Bank Plan" to buy-up bad assets.  Also out today, existing home sales jumped 5.1% in February.  Yes, we said JUMPED!

We want to hear from YOU!  So, our "Question of the Day" is:

"With today's surging stocks and home sales on the rise, are we nearing the end of the economic crisis or is this a fluke?"

Sound off by CLICKING HERE! Then, tune-in tonight.  We just may use your comment on the air!

Please:

1) Stay on topic.
2) Keep it short
3) No curse words

4) No links

5) Use a name (no initials or screen names)

Filed under: Larry King Live • Question of the Day


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Bonnie   March 23rd, 2009 6:11 pm ET

No, of course we are not at the end. This is only the beginning. The debt is huge and will take forever to finish.


Michael C. McHugh   March 23rd, 2009 6:51 pm ET

If the governmnet spends enough, there is a possibility of ending it in a year or two. Look at what happened in World War II, how fast the Depression finally ended when all that deficit spending finally kicked in. Basically, the Depression was over by 1942, and even as late as 1940 no one would have predicted that. Of course, the Republicans have forgotten all about Keynes so they don't understand what's happening at all.


Hillary, NH   March 23rd, 2009 7:57 pm ET

The sooner we go back to our usual lives the sooner this is over! Provided the banks are not mis-behaveing & the oil companys are kept in check with the soaring prices. We will be just fine! Pres. Obama will slap them about and keep them in line. After all they are the only reason we are in this very bad place today.


Hillary, NH   March 23rd, 2009 8:04 pm ET

Are we winning not yet but we will WIN!

With more regulation on the lets rip off the public banking policies and any medical care is better than none. Oil kept in check. E-verify our workers. Educate our children. & Our support to our President.


winston   March 23rd, 2009 8:21 pm ET

This is just a roost to get the mob to put down there pick folks, and douse the flames of justice that should be brought to those in charge. why is it that people think that this is going to be easy ? you cannot just click your heels together and think you will be back in Kansas, this will take time. 1 more thing leave the private jets alone some of us need them to make a living


Jay   March 23rd, 2009 8:26 pm ET

More regulations and less NAFTA and outsourcing,and we will see the end.


Arnel   March 23rd, 2009 8:53 pm ET

I can not believe how much money the government is throwing at these mismanaged companies! I'm 23 and I'm angry at how long I'll be forced to pay to keep these bloated companies together!


Eddie Brown   March 23rd, 2009 9:09 pm ET

Meghan 2012 All the way


Kelli from Tampa   March 23rd, 2009 9:09 pm ET

I am very glad to see a young person interested in the future of our country and has strong view points about important issues. Good for you Meghan, we desparately need more women in government!! And I like what she is saying.


Curtis   March 23rd, 2009 9:12 pm ET

I think Meghan McCain is a very intellegent speaking young woman who may be outspoken, but she seem very tactful and sincere with what she says and I admire and respect that.


angela   March 23rd, 2009 9:13 pm ET

Many strong beliefs politically for somebody with little life experience. However, she at least has her head on straight and seems to be showing a great deal of discernment.


Neicey in Ohio   March 23rd, 2009 9:14 pm ET

Larry,

Come on! this is a set up ...Republicans, are using Megan to regroup the party behind close door's.... this is a joke.


Kelli from Tampa   March 23rd, 2009 9:14 pm ET

What are her views on women's issues (fair pay, revising the child support enforcement agency, etc...) I am an Independent voter and am interested in knowing what she knows about these issues.


Dan   March 23rd, 2009 9:17 pm ET

John McCain should have had Meghan as his running mate instead of Sarah Palin. He might have won! What a down to earth, sensible person.


Maureen Sullivan   March 23rd, 2009 9:17 pm ET

Meghan is not Senator McCain's oldest daughter. His daughter Sidney by his first marriage, is the oldest.


Mark Parrilla   March 23rd, 2009 9:17 pm ET

Larry Kudos to you for having such an eloquent woman with a true voice to be listened to closely! Even though I am a democrat I admire her poise. She truly exemplifies rising above the muck and mire of ignorant people to generous with their negativity.


Joe Colangelo   March 23rd, 2009 9:18 pm ET

In response to Larry about anyone being a leader in the GOP. She said that she hasn't found a leader that totally anti-thesizes ( I guess her she was to big to correct at whatever school she went to) the Republican Party, it should be B ut one is available Barack Obama.


STOOMZEE   March 23rd, 2009 9:19 pm ET

The Stock Market is the worlds biggest casino.


JJ   March 23rd, 2009 9:19 pm ET

It tooksome time as we now know. To get in this Economic Mess. And it will take time to get out. With our last President, there were many issues that I did not agree with. And I sort of knew, that this Country was going down hill. And there are no quick answers.


John from Iowa City   March 23rd, 2009 9:20 pm ET

This is not just a fluke, we are seeing a small shimmer of light at the end of the tunnel. It took more than two months to bring our country to its most prosperous economic times and it will once again take some time to show that this administration is on that right path.


Kelli from Tampa   March 23rd, 2009 9:20 pm ET

Republicans should have named Meghan as the leader of their party, she is the only one who has any sense. I will be following her blog.


Ravin Dave   March 23rd, 2009 9:22 pm ET

Could Meghan be the future of the Republican party? Maybe even a future president? She is smart, quick and engaging, and is doing what her party couldn't during the election, talking with the younger generation, talking online. In the least Meghan is positive for the party, and a great asset for the future.


Peter Denos   March 23rd, 2009 9:24 pm ET

I was listening today and I am so tired of the critics who want the Presiden'ts Treasurer Secretary to resign or be fired? I wonder how many people are fired after 60 days on the job??? Congressman Mack has to give him a chance to prove himself. I wonder how long he was on the job before he was as effective in his job? I am so tired of the critics.


Don   March 23rd, 2009 9:24 pm ET

The recent surge in the stock markets and the home sales is nothing more than a sub-bubble. That will burst soon and reality will again stare us in the face.


Jennifer   March 23rd, 2009 9:24 pm ET

Let me get this straight: These companies were mismanaged into the ground. Congress throws our money at them. We don't know WHERE the money is going. The bonuses are going to the very people who brought us here. And Mr. Geitner couldn't figure out his own taxes, but is charge of figuring our way out of this. Have i got it right? Heaven help us


Steven Pinkus   March 23rd, 2009 9:29 pm ET

I think this was a fluke it will get worse much worse. it will take about a year.


angela   March 23rd, 2009 9:29 pm ET

I LOVE LOVE LOVE MEGAN mCCAIN, SHE IS PERFECT, THANK YOU FOR BLESSING US WITH HER PROFOUND VIEWPOINTS


Marcio DaCosta   March 23rd, 2009 9:30 pm ET

I love this panel of "experts" - what ideas do they have exactly? Hey, I can stand there too and just spew out negativity. Also, wasn't that the lesson of the Great Depression, that we tried to reign in budgets and deficits which took the recession into a depression?

Larry are you going to interview these same idiots a year from now if the economy does rebound and ask them to apologize for standing on the sidelines pouting?

Lead, follow or get the hell out of the way!


karen   March 23rd, 2009 9:31 pm ET

I hope so, but who know's what left over surprises still lie ahead from the Bush administration. As for the "critics", where were all the professional and wanna be economists prior to the destruction of the economy? Who died and made the media in charge of the economy anyway. Give the administration a break, they are doing wonderul in the 2 months they have had in office.


John Clifford   March 23rd, 2009 9:31 pm ET

Not a fluke, and Obama will win out!


Sally   March 23rd, 2009 9:31 pm ET

Of course the economy is recovering. Go try to find a parking place at the local Lowe's. However, the talking heads with their degrees from East Iowa Community College of Journalism, etc., know so much more than Secretary Geitner or President Obama, whose degrees and resumes go on for miles, so the talking heads will be certain to drive everything back down again with their unending negative opinions.


Sterling   March 23rd, 2009 9:32 pm ET

Larry, this is a fluke! Look at the headlines each day about the stock market! One day, 'largest one day slump," next day "economic rebound?" This is a one day fluke that will turn downward by daybreak. Hope I'm wrong, but lets be real!


Don   March 23rd, 2009 9:32 pm ET

Meghan McCain as first female U.S. president?????


M.J.   March 23rd, 2009 9:32 pm ET

@Arnel who is angry at how long he/she will be paying for the costs of this recovery: how do you think those of us who are 60 and upwards feel? We've ALREADY paid with our life's savings, our jobs and we will ALSO be paying for the rest of our lives. You are lucky if you are young enough to recover – and I hope you will remember who led us to this place – NOT Obama. I can only HOPE it is the beginning of the end of the worst of the crisis, but, I understand that it will take much, much longer to recover our lives.


Douglas   March 23rd, 2009 9:34 pm ET

Where was Rep. Connie Mac when Bush/Paulsen were stumbling?
Now he is quick to criticize Geithner.


Karen Lewis   March 23rd, 2009 9:34 pm ET

After watching Meghan McCain today, I was greatly impressed by her moral and political values. As a woman in my sixties, I totally agree with many of the issues that she discussed, as well as the way she presents herself. I may not have voted for her Father, although I do have do have respect for him, both politcally and personally, for all that he has done for our country. I also have a deep respect for Meghan and her dedication to her family and many of the issues that she obviously feels so passionate about. All I can say is,"you go girl!" and my best wishes are with you for a successful future.


angela   March 23rd, 2009 9:35 pm ET

sO LETS SEE, YOU POST SOMETHING GOOD ABOUT mS mCCAIN AND IT STAYS POSTED, YOU POST SOMETHING NEGATIVE AND IT GETS REVIEWED AND DISAPPAERS. aSK LARRY HOW HE FEELS ABOUT NAZIS


Ken   March 23rd, 2009 9:35 pm ET

I think what angers me about the bonus bailout is this?
Last year we (our family) have seen an increase in transportation costs of approximately 400% it has since gone down but.
Because of the same costs being spread out to general merchandise (stores had to pay a bigger delivery charges etc. ) our costs of food and other merchandise went up just under 12% our utility costs went up just under 30% over all. Health insurance went up approximately 7% with a benefit reduction of 16%. And with an average reduction of 5% in our overall earnings as well being told that we had to do this to help the companies we work for meet their inflated budgets.
Now we are being told that we should be spending more and we need to feel sorry for the executives that not only were negligent and destroyed the corporations and put the whole nation in a peril less spiral but give them a wage and benefit package that is so lopsided to everyone else in the labor force and then pay them a bonus that would be considered a winning of the lottery to boot. Having a golden parachute given to these executives is what upsets me the most.


Ally Henderson   March 23rd, 2009 9:35 pm ET

OF COURSE THIS IS A FLUKE! It is nothing to get excited about!


Jay Shah   March 23rd, 2009 9:35 pm ET

Market is up for no reason. There is no improvement in economy on horizon. Pepole are being robbed by the billionaires again, even under so called watch dog democrates. Both bail out bills and now another one, is being passed by democratic congress. All this is going to do is increase our taxes and inflation. Economy will improve on its own.


Matt Larson   March 23rd, 2009 9:35 pm ET

I think this is a fluke, and giving trillion dollar bail out is not going to save a nation. There will be more hard times, you have to hit bottom, before soaring to the top.


Derek   March 23rd, 2009 9:35 pm ET

The crisis we are in is deeper than any of your guests wish to believe. Thanks to reaganomics, we have to dig ourselves out of a hole, and thanks to Bush and his republican allies, America now has to dig itself out of its own grave before the last shovel of dirt is thrown on it.


Scott   March 23rd, 2009 9:36 pm ET

Geithner released his plan on Friday after the market closed. A good number of people were short thinking the market was rolling over Friday afternoon and got squeezed Monday morning when the S&P500 was up 20 or so points and blew through the resistance level at 805. The rest of the day was people chasing the runaway market. That's what happened. The move doesn't mean anything.


Chase   March 23rd, 2009 9:36 pm ET

Stock go up all the time. Tomorrow they will once again fall this is nothing.


Mike Campbell   March 23rd, 2009 9:36 pm ET

I think it would be foolish to assume the stock jump is the sign of our economy turning. We need to do more to create jobs and circulate money into the economy. Jobs first, thats the bottom line.


cliff from appleton   March 23rd, 2009 9:36 pm ET

I don't think just because the dow goes up or down means anything right now. The economy still needs alot of work,and it for the average person it is still very tough out there. I support the president in his efforts and know it will take time.


Diane Richardson   March 23rd, 2009 9:37 pm ET

I think the economy is improving but the problem is far from over.


Ken   March 23rd, 2009 9:37 pm ET

Its not over but just beginning. you can't buy from the top down you have to build a secure base where the average are buying to build the wealth at the top.


Lee in Minnesota   March 23rd, 2009 9:37 pm ET

We will succeed and things are turning around in this country. In spite of the negativity of people like Connie Mack. Where were they was this mess was developing under the Bush Administration. Over the last 20 years, we have seen continued division and dysfunction with the 2 parties. It is time for all our politicians to start being true Americans instead of Democrats or Republicans.


Samuel   March 23rd, 2009 9:37 pm ET

Solution to an economic situation like this need not only an economic remedy but also a attitude remedy from American public – CUT YOUR COAT ACCORDING TO YOUR POCKET NOT TO YOUR SIZE


Jane   March 23rd, 2009 9:37 pm ET

Who knows when the economy will get better. It may take a very long time.


Elizabeth   March 23rd, 2009 9:37 pm ET

We are definitely NOT nearing the end of the economic crisis, and people who think that this is just a little blip are in denial. We have been living beyond our means for too long, cannibalizing future sales of goods by buying too much, too early before really needing replacement, and on too much credit. Adjustment is going to hurt everyone.


Don   March 23rd, 2009 9:38 pm ET

There is no magic bullet for the economic recovery but I believe piece by piece the right programs are being put in place. Some indicators are showing small positive results. The recovery won't come overnight but it is starting.


Stuart   March 23rd, 2009 9:38 pm ET

While not a fluke, our economic disaster goes far beyong a 400+ point, 1 day gain in the market. If Geitner "needs to resign" as the congressman suggests, who does he suggest replace him and should that individual be given less than 90 days to correct these issues?


Von Eary   March 23rd, 2009 9:38 pm ET

no no this mess in far from over...stocks will go up and down as the day traders take profits...it will now affect our economy that much..the economy will only get much worse and america will be broke and then what???Geicker should be fired soon...Barack Hussein does nor know what he is doing...


Chase   March 23rd, 2009 9:38 pm ET

I also agree with Matt 100% throwing more money at the economy will not help. Also, I disagree with Obama's decision to close Git Mo


Ava Asmundson Shevitt   March 23rd, 2009 9:38 pm ET

He's been in office a mere two months and all this complaint.
He is cleaning up for Bush!
Where is the outrage for the Bush / Cheney team for causing
the failure. Halliburton now a Dubai company protecting itself from
US tax? Plame certainly a cause for treason. Deregulation
a real winner. Come on people – lets place the blame squarely
on the dearly departed.


Dodie from Irvine CA   March 23rd, 2009 9:38 pm ET

I hate to be so pessimistic but in the 1930s the market had a false up swing only to go down again, so I assume the same will happen here. Not only that,. But we will be in a terrible inflation too.


Richard Rodriguez   March 23rd, 2009 9:38 pm ET

Larry, It is a fluke. The banks have not opened up the credit lines, they are not addressing the foreclosues, they are raising intrest rates on CC debit. The congress and the administration has done nothing to address consumer confidance directly....Maybe we should offer a bonus!


David W   March 23rd, 2009 9:38 pm ET

It isn't over.

It wont be over till we stop fighting each other and being distracted by PARTY RHETORIC

RIGHT LEFT NOT CHANGE
Capitalism and democracy not plutocracy

(BUSH wanted to close GETMO DON'T GET DISTRACTED)

UNITED WE STAND DIVIDED WE FAIL


M.P   March 23rd, 2009 9:39 pm ET

All these people who are talking about the fix....for the economy on tonites show......why is it that they are not running for office and making the changes themselves??????


MSalas   March 23rd, 2009 9:39 pm ET

Hi Larry:

Good Show !!!!!

I believe that the rise of the Stock Market and Home Sales is a start.
Your panel ,however, is full of ctriticism and did not hear from them
what they would do if they were President Barack Obama.

Where were they when the Bush Administration was in office?

Thanks for the opportunity.


Dennis McMillen   March 23rd, 2009 9:39 pm ET

Our country is heading towards BANKRUPTCY!!!!!!!!
Give all americans $5000 dollars each and end all this wastful
spending and bailouts


Chuck Mitchell   March 23rd, 2009 9:39 pm ET

I find Congressman Mack to be incredibly two faced. He is one of the Republicans who supported George Bush's war, the price of which was never in the federal budget and contributes mightily to our deficite, and then has consistantly sought to obstruct every effort the current administration is making to resolve our problems. The citizens of Florida could make a significant contribution to the country by initiating a recall to remove this obstructionist.


Noella Maehl   March 23rd, 2009 9:39 pm ET

Larry,

I was just flabbergasted watching that Connie Mack of Florida. He's a bigot and I'm tired of reading his negativity about the Obama Administration in our local newspaper, let alone on Larry King. Sorry did not watch your program tonight.
Noel


Diane Leslie   March 23rd, 2009 9:39 pm ET

I worry that today's increase in the Dow is a sucker's rally and that the second wave of foreclosures preceded by the Option ARM/Alt A resets set to hit tlater his year will wipe out any gains we have seen in home values and the stock market.


Rosalie   March 23rd, 2009 9:39 pm ET

I believe this is a beginning of the turning and not a fluke. I am dismayed by some of the people who expect instant answers, instant reactions to every decision. I also am dismayed by our continued politicizing everything instead of unified problem solving.


H P in Iowa   March 23rd, 2009 9:39 pm ET

Let's get positive! It would be nice if one of the four of your guests tonight could be an Obama supporter! Remember, over 60% of Americans support out President. Today was no fluke on the stock market, we are on the road to recovery!


konya   March 23rd, 2009 9:40 pm ET

hi larry my comment is on THE dick cheneys comment. i don't understand why he's even talking, we haven't heard from him in about 2 years. nobody knew if he was dead or alive. so go back where you've been hiding.


Conney Wilson   March 23rd, 2009 9:40 pm ET

Does the GOP understand how bad they look when they refuse to join in and help solve problems. They look and sound like little scorned children who's feelings just got hurt.


Dan   March 23rd, 2009 9:40 pm ET

No, we're not at the end of the economic crisi, and no it is not a fluke. It is interesting to see a couple of days with a positive change and we all think that everything has changed. Hopefully things are and will change for the better, but hey – let's remember one thing – things never happen over night; it takes time so let's all hang in there and things will get better!!! This is from someone who is laid off, 57 and a caucasian male and having no luck at finding a job for the past 4 months!!


Debra Nielsen   March 23rd, 2009 9:40 pm ET

Most definitely a fluke........Why would wallstreet not rally with the new toxic asset plan – the taxpayers take 94% of the risk (potential loss) and share in only 50% of the potential gain. Hedgefunds should LOVE this plan – too bad for all us peon taxpayers – reward the big guys once again. What has happened to responsibility? What is wrong with letting the risk takers who deserve to take the hit actually have to take it?


katherine   March 23rd, 2009 9:40 pm ET

Hello Llarry from Canada

Very negative panel.
President Obama is what this market needs more regulation
uptick rule , ban on criminal naked shorting and market will flourish.


Gayle   March 23rd, 2009 9:40 pm ET

No way! We all know it take a lot longer to get out of debt than it does to get in it, and we got a lot of debt!!!

Gayle
Laurel, MD


Mike   March 23rd, 2009 9:40 pm ET

The market has fallen for almost 18 months – we were due for a big correction – and, it's here! Should last till the fall.

Once this finishes, the next big leg will be down and will be a big one.

Remember the depression started in 1929 and didn't bottom till 1932. Rough seas lie ahead!


Sue B.   March 23rd, 2009 9:40 pm ET

Why do we need to declare one way or the other right now? I think the constant rush to judgment does all of us a great disservice, and raises the anxiety level even higher. The situation we're in right now is complex and will take time to unravel; as with any critically ill patient in intensive care, the healing will be a matter of months and years, not days and weeks. Can we all please have some patience and stop declaring "success" and "failure" between commercial breaks?


Alain Leon   March 23rd, 2009 9:40 pm ET

end of the crisis? Lets not kid ourselves Larry. The "crisis" has little to do with the selling rate of homes or the stock market. Those are the symptoms, not the disease. Talk to me when we stop losing 600 thousand jobs a month! short answer, NO!


Rick Friedel   March 23rd, 2009 9:40 pm ET

Larry, I am not an avid news viewer. I am glad I can respond to this. As an 18 year old I guess I'm part of the future. The future holds big things for this country. Right now, we still have problems. This is not the end, for if it were there would be no coverage of President Obama's press conference tomorrow. 500 points is not moot but in our scenario it is. President Obama can succeed.


Ash   March 23rd, 2009 9:40 pm ET

It's not a fluke but definitely the economy hasn't surfaced yet. I think it's an indication of the things to come. Let's hope that Obama's plans are indeed working.


John, NC   March 23rd, 2009 9:40 pm ET

It will be short lived if our government continues its attack on the financial services industry employees.

Sure bonuses to AIG's financial products group is intolerable. But, punish EVERY employee at every large bank in the USA. The flight of talent will destroy this industry for years.

If you were a 1600 SAT math genius graduating from Wharton, would you go into banking? No way!


Dr. D. Jain   March 23rd, 2009 9:40 pm ET

We are neither nearing the end nor it's a fluke. It's a great sign of hope. It tells us that a recovery in a near term is possible with a return of confidence – something like what happened today.


Alex   March 23rd, 2009 9:41 pm ET

The Republicans just need to be quiet and let Obama and his team clean up the mess the Republicans have made. The GOP has no idea, nothing new, and all they do is complain and whine.

And on Gitmo: Why is it so difficult to understand that you can't just lock up people without charges forever!! It's unconstitutional and above all inhuman. The notion that you can lock up people in some foreign land (which by the way originally belongs to Cuba) forever and not have to deal with it is insane. This should not happen in America!

How come we can lock up the most dangerous murderers, rapists and crooks without any problems and can't do that with other dangerous people?!


David W   March 23rd, 2009 9:41 pm ET

YOUR GUESTS DO NOT SPEAK FOR ME

I AM A REPUBLICAN AND A DEMOCRAT
BLACK AND WHITE
GAY AND STRAIGHT

I AM AN AMERICAN

STOP THE FIGHTING OR WE FAIL BEFORE WE BEGIN


Frank Lubinskas   March 23rd, 2009 9:41 pm ET

Stock market daily swings are not important. It's trends that matter. A Yo-yo market is indicative of an undecided investor, and is certainly a great cause for continued concern. Market swings based on some vague announcements are useless. As long a the administration is acting irresponsible in fiscal matters, we are "toast"! We can't spend our way out of problems. All that is now being done is a "redistribution" of national wealth. The damage done will never justify the results. The administration is working hard to ruin our currency, our economy, and our constitution. Obama wnats one world socialist government with America included. This is not what true Americans want at all!


Kiera   March 23rd, 2009 9:41 pm ET

Times won't get better soon, but at least now we have someone who is actually looking forward. The past happened even if we don't like it. All we can do now is hang on to what we have until the time for us to try to get ahead. We may not have a utopian community, but those didn't work out too well either.


Maritza   March 23rd, 2009 9:41 pm ET

Larry,

I am indeed sure and certain we are heading better with Obama's stimulus plan. For so many years this is the first time I can purchase a home by the way I am closing this coming Friday. So the home prices are more realisteics fitting our pockets. Previous to this nightmare many people and realtors were "cheating" the system for the worst. I am not sorry for the people who lied for their incomes nor for the Realtors and nor Wall Street "masters of the disaster." I believe in our President. I got a chance to prove he is ont right track...more to come!


Bob Lieberman   March 23rd, 2009 9:41 pm ET

We enjoy the show each evening. However, the promo on the right hand side of the screen which continues to flash is very
DISTRACTING. Everyone knows they are watching Larry King Live.
There is no need to keep flashing that message.

I hope you will consider my suggestion and discontinue that message.

Thank you.


Dodie from Irvine CA   March 23rd, 2009 9:41 pm ET

Not only will our market go up and down, but due to a terrible inflation that we have never seen before, this could also cause a second stock market deflation. I suspect this will go on for at least 5 more years if not more

In 1929 the stock market did NOT recover to the previous 1928 levels until .....

1954


cathy   March 23rd, 2009 9:42 pm ET

How long should any public servant, including the treasury secy, have to prove their competency? I hope it's more than 2 months!


perry roberts   March 23rd, 2009 9:42 pm ET

Hi Larry, i have been watchiong your show tonite,and wonder why your guest think they know the answers.The huffington lady has been in washington buying congressman for a long time,and mack is a republican who with his father, has create most of our problems.TERM LIMITS will solve most of our problems.our tresury man should be given a chance.Nobody else has solved anything in the past . they are too busy doing things for their rich friends. perry roberts --thank you ---how many of your guest are millionaires? my guess is ALL.


Amanda   March 23rd, 2009 9:42 pm ET

Obviously with Obama's approval rating still very high with the American people, we are supporting him and giving him the chance to prove himself that the "pundits" are not. It's very disturbing listening to them criticizing almost everything he does. He's the president, they are not, and I'm assuming he knows much more than they do. Therefore, how about supporting him so that we the American people can feel less stressful by those who aren't privy to the information our President is, making blanket statements on how wrong he is. It's infuriating.


prisca   March 23rd, 2009 9:42 pm ET

It will be at least 18 months before we can really see any difference, the good thing is the president and his administration realizes that this is a difficult situation which needs to be carefully approached. Memembers of congress keep opposing some of what the president and his team are trying to do, but no one has a better solution it's time for them to either propose something different or shut up.


angela   March 23rd, 2009 9:42 pm ET

DAVID, THATS FAR TOO ADVANCED THINKING FOR THIS POLI-VISION PROGRAM.


junior, anderson, in   March 23rd, 2009 9:42 pm ET

I am a disabled veteran who is wanting to start a new business. I responded to the call and put my life on the line like so many others- why don't the people who have not done so make things easier for veterans like myself-i have a solid business idea and my business will help develop good character in children's lives! So I challenge anyone out there listening/watching tonight to help us!!! THE VETS_without us you would'nt have anything!!!!!


suzanne osborne   March 23rd, 2009 9:42 pm ET

WE HAVE NOT IT BOTTOM YET! THE AMERICAN PEOPLE ARE SCARED BECAUSE WE DON'T KNOW WHERE THE BOTTOM IS. THE BAILOUTS ARE JUST PROLONGING US TO IT BOTTOM. THEY SHOULD HAVE LET US IT BOTTOM AND THE WE COULD HAVE MOVED UP AND THE AMERICAN PEOPLE WOULDN'T BE SO WORRIED.


Batool   March 23rd, 2009 9:42 pm ET

all what Cheney is worried about is his pocket, he will loose a lot of money if we are not in wars anymore,, President Obama is making a great decision closing guantamo bay and pulling the troops from Iraq,,we need our money here inside our country so our economy can move up again,, nothing wrong having those terrorists in our prisons or Europe prisons under more security protection,, its cheaper and safer to have them under our eyes.


david   March 23rd, 2009 9:42 pm ET

Her father should have hire her to run his campaign she a very smart young woman. I don't agree with her politics but she is clear of her beliefs.


Brian in Arizona   March 23rd, 2009 9:43 pm ET

There is no optomism in todays surge in the market because tomorrow it could crash as much. The problem with this country is the Obama Administration and the democratic Congress are repeatedly getting caught up in their lies about the economy and the stimulous packages causing Americans to distrust the people they counted on to get them out. My Question to President Obama is: When are you going to take care of those hardworking Americans that want to work and stop trying to give free rides to those that don't. Put America to work and it will be Great Again.


processoroftruth   March 23rd, 2009 9:43 pm ET

This is just another one of the dead cat bounces we have been witnessing in the past few months. The market will respond to any kind of 'good' news in a positive fashion in the short term, but it is the sustainability of that positive that will eventually bring the market back to positive territory and KEEP it there. This announcement, unfortunately for the long run will not have a big enough impact to make a difference.


Bryan E   March 23rd, 2009 9:43 pm ET

The economy is and will continue to recover. The economic policies of the Obama administration bear out the fact that is is a process, change over time. The stock market rise is neither a fluke or nor the end of the banking crisis but a necessary step in the recovery of the recovery.


Cheryl   March 23rd, 2009 9:43 pm ET

Connie Mack is a nut case – wish he would stop with his negativity!
Does he have any other great ideas? All I hear is complaining, but no solution from him! Hey Mr. Mack, how about supporting our president???

Today's stock market IS an indication that the financial world has hope in our new leadership and that they are making the right decisions! I believe there is light at the end of the tunnel!


grant   March 23rd, 2009 9:43 pm ET

Of course there will be a temporary upsurge upon the news of using TARP billions to buy up the bundles and traunches of mysterious "toxic assets." That would movitivate me to buy up some of the bankster stocks. Taxpayer futures promised to cover the banksters' collosal mistakes is not gonna work in the long run. Why? Because the hue and cry at the grass roots level is far deeper than they suspect.

Millions of people are mad as hell and refuse to take it anymore. The grassroots millions have no confidence in the banksters and today's upsurge is temporary and will gradually deflate and dry up. People just want to starve those SOBs no matter how much pain they must live through. The outraged millions will never forget!


Kiera   March 23rd, 2009 9:43 pm ET

Stop trying to make a utopian community. Those never worked out before. Now isn't the right time for them


Jake   March 23rd, 2009 9:43 pm ET

If we would start supporting bills like AB 390 in California, we could at least make a little dent in this huge mess we're in.


ryo   March 23rd, 2009 9:43 pm ET

Did that Rep. Connie just say DEREGULATION! hello....hellooo. Lower taxes, deregulation and smaller government. Is that all Republicans know how to say? Absolutely ridiculous.


Vicki from NJ   March 23rd, 2009 9:43 pm ET

This is just a fluke. It's obviously just another quick-get-rich scheme as the one we are now going through relating to the mortgage crisis. And, let's not forget, Geithner headed that one too!

Our Government is a mess and they with all of their hyping and pretend anger toward AIG, helped the American people convert all their anger toward just 2% part of this whole mess...i.e., AIG, over this last week.

Boy-oh-boy are we being stupid! Wise up America! The house, senate and administration are so clever to devert our attention from the real issues here. Let's not be stupid now.


James In Kamiah, Idaho   March 23rd, 2009 9:43 pm ET

The flat fact is, Cheney and Bush and the entire Bush administration is responsible for the deaths that have occured in Iraq, and for them to imply that it is their policies that made us safer these past 8 years is an excercise in obliviousness.

And in regards to the economy, Obama himself said that Washington D.C. is the place good ideas go to die. His problem is he didn't say now... so, allow me to explain for him...

It's the place that good ideas go to die because men like Bush take a good idea and run it into the ground. A good idea like spreading democracy in the middle east should not be executed by a man that thinks he has the right to invade a country without evidence. A good idea like demanding more of our teachers and like no child left behind should not be executed without the money to fund it.

Look no further than your own bathroom mirror before oyu start making criticisms abotu a guy who only just begun an administration bogged down by the sins of the past administration.

remove the beam in oyur eye before you complain about the splinter in mine.


James   March 23rd, 2009 9:44 pm ET

I get so tired of hearing all the negative comments about Barack O'Bama. I just wish everyone would give things a chance, and especially give Tim Geithner as chance before you call for his ouster!


Dodie from Irvine CA   March 23rd, 2009 9:44 pm ET

I also have another concern. It looks like we will end up a few very rich and the mass poor. Just like a 3rd world country. The terrific inflation can also drop what is left of our middle class to the bottom!!!


Andy   March 23rd, 2009 9:45 pm ET

The surging stock and increased home sales is a fluke, only enough to keep the public from all out panic at the moment. Once the people realize that all the bailout "remedies" are just a very giant band aid with a ginormous price tag, all heck is going to break loose! People are in their own financial crises; they aren't interested in giving more corporate welfare, especially if it doesn't positively affect them in the long term. We need long term fixes, not short term fallacies, which is all this is.


Maritza   March 23rd, 2009 9:45 pm ET

Larry,

I am indeed sure and certain we are heading better with Obama’s stimulus plan. For so many years this is the first time I can purchase a home by the way I am closing this coming Friday. So the home prices are more realisteics fitting our pockets. Previous to this nightmare many people and realtors were “cheating” the system for the worst. I am not sorry for the people who lied for their incomes nor for the Realtors and nor Wall Street “masters of the disaster.” I believe in our President. I got a chance to prove he is on the right track…more to come! I am hitting the lotto or powerball!


Dodie from Irvine CA   March 23rd, 2009 9:45 pm ET

Good evening James from Idaho


nick   March 23rd, 2009 9:46 pm ET

I am surprised that people only look backwards in their view of what has happened here. If you break your leg do you complain about the car door that swung open while you ride your bike by. No, if you would like to keep your leg you go to the emergency room. So rather than complain about mistakes and inequities of the past, let's realize we have a leg broken and let our main surgeon do his job. Once we recover, then we can have a field day in the courts suing all those responsible.


Willie Brown   March 23rd, 2009 9:46 pm ET

Larry,
It is said that " The sign of insanity is to do the same thing that don't work over and over and expect A different result " . IT'S WITHOUT A QUESTION, YOUR OUT-STANDING GUEST ME THIS QUALIFICATION HANDS DOWN. Hell FIRE AWAIT THEM !!!!!!!!!!!!!


George Verner   March 23rd, 2009 9:46 pm ET

I've got a great idea...would all you experts be willing to give up your positions and run the country? We will throw all the scoundrels out and give y'all a shot.


Barry Stanley   March 23rd, 2009 9:46 pm ET

The bottom's been reached. There will be profit taking so we will have ups and downs but the lows will be not quite as low as the previous low. It's onward and upward!


Von Eary   March 23rd, 2009 9:46 pm ET

The Bubble will not inflate again, we were living above our means many years and it is now time to pay the piper...our way of life must be adjusted and face reality..it will be hard to do for many...the economy was phony for many years ..lots of crooks got wealthy ..common folks went broke...God help us....and the terrior attack is close by...


Dodie from Irvine CA   March 23rd, 2009 9:46 pm ET

James... (((You rock))) You tell-em


ryo   March 23rd, 2009 9:46 pm ET

As for the question of the day? No, until we have tougher regulations that prevent mega corps in the first place and begin to focus more on smaller more local business and sustainable growth rather than soaring bubble growth this won't be over. Unless our economy undergoes a fundamental change this kind of problem will continue to happen even if we are able to get through it this time. I would be so much more angry if I was nearer retirement age and suddenly my savings were gone. It is ridiculous that something like that could happen.


Jared   March 23rd, 2009 9:46 pm ET

Could we please stop asking Government officials to resign every time something doesn't go the way we'd like it? If your child fails a class, do you ask the teacher to resign? Of course we need accountability, but going through a barrage of treasury officials wont solve our financial problems. Lets start focussing on how to solve the problem and move forward!


Jeff Adams   March 23rd, 2009 9:46 pm ET

Larry Elder LIVE!


David W   March 23rd, 2009 9:46 pm ET

YOUR GUESTS DO NOT SPEAK FOR ME

I AM A REPUBLICAN AND A DEMOCRAT
BLACK AND WHITE
GAY AND STRAIGHT

I AM AN AMERICAN

STOP THE FIGHTING OR WE FAIL BEFORE WE BEGIN

+++++++
DAVID, THATS FAR TOO ADVANCED THINKING FOR THIS POLI-VISION PROGRAM.
+++++++++

IT IS WHAT IT ONCE WAS TO BE AN AMERICAN

NOT ADVANCED

OLD IDEAS THAT HAVE BEEN FORGOTTEN

over 200 years old

ALL MEN ARE CREATED EQUAL
GOVT BY THE PEOPLE FOR THE PEOPLE

NOT YES WE CAN... UNITED WE STAND


frank Slitti   March 23rd, 2009 9:47 pm ET

Please ask the Republican Connie Mack – if the answer is to always cut taxes and the economy with thrive – then it makes sense that if we paid no taxes at all, we would have a great economy and never a problem?


Mary in Florida   March 23rd, 2009 9:47 pm ET

I am shocked at your choice of guest. The last person I want to see on Larry King Live is Connie Mack. This is the polititian that was not very faithful to his first wife. Dumped her and his kids and ran off with Mary Bono. Next time research your guests. You are really diving to the bottom of the barrel. I am sure you could find someone better for your pannel


Paul Bruyn   March 23rd, 2009 9:47 pm ET

I'm amazed at how the people who got us into the mess we're in and who pushed so hard for deregulation are shouting the loudest about the dilema the country is facing. All of us have someone over us to make sure we do our jobs honestly. C.E.O.s might have to answer to the shareholders once a month, but only oversight can make sure they don't rape corporations and it's employees of its resources.


Dodie from Irvine CA   March 23rd, 2009 9:47 pm ET

See... how much power the people do have... Because we were outraged, they are giving their bonuses back... and the fact that they will be taxed at 90% 🙂


Mali   March 23rd, 2009 9:47 pm ET

I'm a third year grad student. I have minimal savings, and what I did invest from my past jobs throughout my undergraduate and graduate school career was in the stock market due my increasing need to pay off student debt. I don't know about the rest of America but I hope that this plan will lead to an improvement in the loaning department of our country's financial system.


DAVID EARL DONERLSON   March 23rd, 2009 9:48 pm ET

Rep.mack,it seems that you along with other republicans are forgetting that we were attacked under bush's watch.
the talking point on we have not been hit for 8 years means nothing,WE WERE HIT!!!!!

It happened on bush/cheneys watch.
and the man responsible for it,is still out there making as many recordings as the late rapper tupac..george bush nor dick cheney has brought this man to justice,and had even stopped looking..as a matter of fact they stopped looking for him on sept.11,2001,and then turned their eyes on the real prize to them,sadaam hussein


Bill Sledd   March 23rd, 2009 9:48 pm ET

Of course today's market rise is good news – many viewer's such as myself laugh at the panelist as they try to spin the news to meet their own pre-set anti-Obama agendas and we just consider these biased views just more bull waste. Do these people really think we find them credible?


Ritj   March 23rd, 2009 9:48 pm ET

this will fix the economic situation – There's about 40 million people over 50 in the work force. Pay them $1 million apiece severance with stipulations:
1) They leave their jobs. Forty million job openings. Unemploymen is fixed.
2) They buy NEW American cars. Forty million cars ordered – Auto Industry fixed.
3) The either buy a house or pay off tgheir mortgage – Housing Crisis is fixed.
This seems like a joke, but it would only cost the people $40 million dollars – not trillions that is being paid out at the moment


Wayne   March 23rd, 2009 9:49 pm ET

Larry,
We must make two things happen for the us to get better. ! we must stablize by making sure there are places to spend money and 2 most of all lets take some real money and give to the pulblic to be able to spend and create sales to stemulate. With no sales economy does improve. Give everyone 100,000 to spend and watch things turn around very fast. I have been in business for 22 years and I sell a service and frankley people arn't buying they haven't money. You want to stemulate lets give out some real money to everyone.


Mike W   March 23rd, 2009 9:49 pm ET

This is a sucker rally prior to the 1st quarter earning reports come out. Kramer points to 5200 as bottom and charts say 4k. Still some cleaning out to do including some big banks.


D.John Vallee   March 23rd, 2009 9:49 pm ET

Please tell me why NO ONE has talked about the Usery law that was repealed in the early 80's. When the Usery Law was repealed by Congress because of Lobbying by the Banks in the early 80.s, that act started the Deregulation of Banking and led us to where we are today. Until Congress passes a Usery Law again we will never recover from the strangle hold that the Banking Industry has on the US economy.


Bob Sapanos   March 23rd, 2009 9:49 pm ET

Larry, Larry, Larry, your kidding right? We are a long way from being out of this mess. In fact until we throw out the idiots running this country and their ability to be persuded by lobbyist and outside interest, we will always be in this situation. The Rich will continue to get richer and the rest of us little people will suffer...


Bob Kelly   March 23rd, 2009 9:50 pm ET

Rep. Connie Mack of Florida did not offer any solutions. I'll bet he voted for the original Bush Tax Cuts, Deregulation and whatever else got us into this terrible economic mess. Why did Mr Paulson not resign as Treasury Secretary? He was there for a good while...leading to this current mess. Give the new secretary time. I don't think Mr. Mack of Florida knows what it means to be poor, without a $ in his pocket.


Dodie from Irvine CA   March 23rd, 2009 9:50 pm ET

@ Maritza

Obama is doing his very best! I trust that... But the events that took place prior to his gaining office... the "ripple effect" will continue to go on for this year and the next few. We will go up... then down... then up...then down like a rollercoaster

My concern is the horrible inflation can be like another drop... and the middle class may not be able to hold on any more...


Lorraine   March 23rd, 2009 9:50 pm ET

I have faith that the economy is slowly recovering but will take time. We must give our President time to see if his policies will work. As for Republicans who like to criticize the President and the Democrats. What are their solutions? Tax cuts, tax cuts, tax cuts. Don't they realize that this is what the Bush administration did- AND LOOK WHERE IT GOT US! Jennifer is right 'Heaven help us'. But we need help not from Geithner but from the Republicans who offer NO solutions for the American people!


Bobby Atkinson   March 23rd, 2009 9:50 pm ET

Its only been 64 days.Of course we are not at the end Larry.The markets don,t work like that.Only time will tell and we got to have patience.Our President is trying to fix the problem and media folks are trying to criticise him for during whats right.He is daily working on our problems for the american people.Something we saw little of George Bush do!


Tate   March 23rd, 2009 9:50 pm ET

Boy you CNN people are something else. Just come clean and rename yourselves CNFox. YOUR STATION BLAMED OBAMA WHILE THE STOCKS WERE FALLING AND NOW YOU ASK WHO GETS THE CREDIT? ARE YOU KIDDING ME? WHEN YOU BLAME PRESIDENT OBAMA AND NOT THE REAL PERP – THE IDIOT IN CHARGE BUSH FOR THE DECLINING MARKET THEN OBAMA GETS THE CREDIT FOR WHEN IT GOES BACK UP. CNFox – quit following your RNC talking points daily email.


john nostrand   March 23rd, 2009 9:50 pm ET

I believe Geithner and AIG are smokescreens for an intentional devaluation of the dollar. Tim Geithner is simply overseeing the failure. The economic crisis and the Mexican cartel coverage are designed to move us closer to the North American Union and the Amero currency.


Al Cook   March 23rd, 2009 9:50 pm ET

Yes! Even though we may be close to a slow climb out of the bottom of the financial pit, the yoyo of Wall Street may still behave like the yoyo that it is. We must be prepared to lose as well as gain. Even though we treat credit card companies like separate entities they are still the banks' "big thief" moneymakers. When we reenact usury laws and cap the interest charge allowable, the banks will keep people as broke as possible even while they borrow from the people. Remember usury?


Samantha in California   March 23rd, 2009 9:50 pm ET

fluke...i want to see things keep going up and hearing all this good new every day. i know things will get better but not till at least next year.


Joe   March 23rd, 2009 9:51 pm ET

It's not a fluke and it's not the end either, the crooks on wall street engineered this rally so that working folks would get back in the market. Don't fall for it, they just want to steal the rest of our money since our anger is threatening their bonuses.


H.Le   March 23rd, 2009 9:51 pm ET

I believe the economic system will have to recover because the ones who run this economy at some point will understand that in order to milk the cow, they have to keep the cow alive. The problem now stands on which cow they want to keep alive to fatten it up until the next milking session.


Judy Ruf   March 23rd, 2009 9:51 pm ET

Larry, I am not impressed with the new "jeans" look. Let's keep the look a little more professional.


Dodie from Irvine CA   March 23rd, 2009 9:52 pm ET

@ Mali

You have young age to your advantage.

I am on the opposite end... and lost most of my retirement income... so I must continue working no matter what....


Shacoyia Brown   March 23rd, 2009 9:52 pm ET

WE SHOULD GIVE OUR PRESIDENT A CHANCE TO DO HIS JOB. IT TOOK A LONG TIME TO GET US INTO THIS MESS AND IT WILL BE DIFFICUT GETTING OUT OF THIS MESS. WE ARE SO USED TO INSTANT EVERYTHING THESE DAYS THAT WE WANT A QUICK FIX FOR THE ECONOMY. PATIENCE PEOPLE! PATIENCE!


TREVOR   March 23rd, 2009 9:52 pm ET

I dont think its a fluke but it will continue to fluctuate until it finally settles down on an upward trend.Timothy Geitner is the first man i have ever seen employed to clean up a mess and eight (8) weeks on the job people are calling for his head on a platter. Pure politics.


Dan McGuire   March 23rd, 2009 9:52 pm ET

I do believe it is a sign that people want the markets to return to "normal" conditions. We still have a rocky road ahead of us as a country. Lets hope our country can use this market as a learning experience. We need our economy to grow at a healthly rate so we can sustain the growth. We will have to focus on reducing our country's debt, but first need to have a stable economy.


junior, anderson, in   March 23rd, 2009 9:52 pm ET

WHY ISN'T THERE MORE HELP FOR DISABLED VETERANS WANTING TO START A SMALL BUSINESS!!WE JUST WANT A HAND-UP AND NOT A HAND OUT!! IF IT WAS NOT FOR VETS LIKE MYSELF AND SO MANY OTHERS WHO CAN'T TYPE TONIGHT WITH THIER OWN HANDS AND FINGERS AMERICA WOULD NOT EXIST!!! WE WANT HELP! WE WANT TO BE RECOGNIZED!! IF YOU HAVE NOT SERVED IN THE MILITARY MAYBE YOU CAN STEP UP NOW AND HELP VETS LIKE MYSELF AND OTHERS START A BUSINESS AND SERVE!!


J Hamilton   March 23rd, 2009 9:52 pm ET

Re: Guantanimo Bay Closure

How can one assume that all of the people held there are threats to
the US. They haven't been given due process. It seems that they
have been treated as if they were incarcerated by a fascist regime
rather than a democracy. Thank you.


Richard Rodriguez   March 23rd, 2009 9:53 pm ET

Democrats, Republicans, blah blah blah....Stop giving my money to line the pockets of poorly run bussiness. Banks, auto, bubble gum factories....They gave them bonuses so they would not leave....Tell me, where were they going to go? Shut um down.


Bob   March 23rd, 2009 9:53 pm ET

Let's give this upturn a chance and quit being so cynical


John   March 23rd, 2009 9:53 pm ET

Being up almost 500% is good news. I think it will be up more than down.


Sandra   March 23rd, 2009 9:54 pm ET

I am fed up with them all, while the government bail everyone out my spouse and i just recive a foreclosure letter from GMAC bank who refuse to work with us, when my he got laid off. There awnser is unless you can pay your morgage in full don't send it. its like a big play set up to make people so tired it kills their will and so settle for anything. I do belive that we are being set up for a government rule, but first they have to break us down. I just wish more people would wake up and see the truth, instead of looking for what they can get. WHO WILL BAIL US OUT


sue, montreal   March 23rd, 2009 9:54 pm ET

I love some of you guys...when the market was going down, that was Obama's fault...when it goes up its a flook.
The guy has been in office for 2 months!
What is wrong with you people?
When the world thought that you would never ever ever vote bush again, after what he did his first 4 years-you go ahead and give him 4 more years!
Obama has done an AMAZING job considering the mess of the world- and you are ready to impeach him...what is up with that!?

You wonder why you are disliked--I just finished watching on utube a f0x program where they spent their whole show making fun of canada & canadian soldier-and this at the sametime that we are receiving home 4 fallen soldiers from afganistan...where we (may I remind you) kept our eye on the true enemy after 911 & sent our troops to afganistan in 2001...while you were too busy invading other countries...
But yeah you're right Obama is the problem...


David W   March 23rd, 2009 9:54 pm ET

NOOOO

March 23rd, 2009 9:47 pm ET

See… how much power the people do have… Because we were outraged, they are giving their bonuses back… and the fact that they will be taxed at 90% 🙂

+++

NO for all PEOPLE

RICH AND POOR >> BLACK AND WHITE

NO BETTER TO HURT THE RICH ..THAN HURT THE POOR

CAPITALISM IS NOT WHAT IS WRONG
DEMOCRACY IS NOT WHAT IS WRONG

PLUTOCRACY IS

ALL PEOPLE

I PLEDGE ALLEGENCE TO THE USA NOT A MAN OR MEN FOR THESE TRUTHS AND IDEAS

WE FORGET WHY WE FIGHT for OUR RIGHTS TO BE AN AMERICAN

LAW AND ORDER BECAUSE OF THE CONSTITUTION
NOT IN SPITE OF IT

WE HAVE TO STOP FIGHTING EACH OTHER

RIGHT OR LEFT DO NOT MATTER IF WE DON'T KNOW WHERE WE CAME FROM AND WHY AND WHAT WE FIGHT FOR
NOT WHY WE FIGHT EACH OTHER

That is why i think this will not work even if the ECONOMY does recover


Donte'   March 23rd, 2009 9:54 pm ET

I'm a business owner and a private investor at the age of 25 who has been confident about the economy since President Obama came into office. Until the banks become confident people/investors are going to be heavy on cash and soon will receive pressure to invest. What I think is keeping the market down is these illegitmate Republicans who suddenly feel they can disrespect their president. I've never seen an employee disrepect their CEO, have you Larry? The reason why the markets are going through a difficult climb is because of the pessimistic Republicans or speculators! Let your president do his job, just like you (Republicans) let Bush fail his. Let the intellect, President Obama, make our country what it once was, a bull!!!


Elaine (California)   March 23rd, 2009 9:54 pm ET

I do not think so because AIG has insured all of these mortgages and paying the banks after foreclosures. There is nothing in place to make these companies work with home owners to prevent foreclosures. AIG should have bank requirements to try to avoid this before they pay out these insurance policies. There needs to be something in place to make them modify loans that people can pay on and stay in their home.


Lilly Brascomb   March 23rd, 2009 9:54 pm ET

Larry, why do you refer to President Obama as Obama? Out of respect for a man that holds the highest public office in this land, don't you think he, along with the American people, deserve for you to show
him some respect by call him President Obama?

Lilly
from Tennessee


Batool   March 23rd, 2009 9:54 pm ET

Criticism all what we hear here,, why don’t we give our President a chance to apply his ideas ? We all went and voted not once but twice for Bush and look where we are now!!! Our country was good in Clinton’s time and it will be with this President, we have to have faith in this man for once. Bush and Cheney destroyed our country how come no one can see it???
We all have to sacrifice here somehow, especially the rich people its time for them to show that they a true Americans, its simple we cant practice capitalism when we are dying, it won’t work.


Mariea   March 23rd, 2009 9:54 pm ET

The stock market built on speculation as we know I think w/go up & down for a while until we come upon calmer seas in our economy.


Rik Sherman   March 23rd, 2009 9:55 pm ET

If you want to know if we are on track, ask the increasing homeless or stand in line with the increasing jobless. The people who gamble with the stock market and the bank with their stealing money credit and high processing on the use of our money and the manditory insurance companies changing not on what you do but what happens to their gobel problems are all involved. If you bail out the big companies, then you should bail out the small companies too.


Joe   March 23rd, 2009 9:55 pm ET

When a child is injured or killed playing with a parent's gun, we blame the parent. Our leaders gave these CHILDREN running Wall St a loaded gun & let them blow OUR heads off. And any US politician who voted for these bailouts is an even GUILTIER parent, since they gave more unregulated weapons to the 'kids', after the initial accident!!! (read, these politicians are FLAT OUT stupid!!


Vanessa   March 23rd, 2009 9:55 pm ET

Lord have mercy on the Republican party because they are going to continue on this road rage until the next election. They can not seem to realize that the image they are portraying is nasty and mean.

Vanessa


Dodie from Irvine CA   March 23rd, 2009 9:56 pm ET

@ Ritj

I wish you were in Washington... I would definitely retire with a million dollars...


PEGGY GENTRY   March 23rd, 2009 9:56 pm ET

I AM A 65 YR. OLD BLIND WOMAN THAT HAS WORKED ALL MY LIVE AND LOVE MY COUNTRY AND MY PRESIDENT. WHY WONT THE PRESS GIVE THE MAN A CHANCE. LOOK AT WHAT HE INHERITED FROM "THE BULLY" BUSH. OBOMA MUST BE DOING A FINE JOB, SINCE THE PRESS CANNOT FIND ANYTHING TO TALK ABOUT EXCEPT THE MAN IS HAPPY, PLEANT, AND LAUGHS. GET OVER IT!!!! JUST BE THANKFUL FOR THE FINE MAN WE HAVE LEADING OUR COUNTRY. WHAT A BREATH OF FRESH AIR. PEGGY GENTRY


DARREN D   March 23rd, 2009 9:56 pm ET

TIM GIETHNER IS A WALL STREET INSIDER , A BANKSTER THAT TAKES HIS ORDERS FROM THE FEDRAL RESERVE. THE FEDRAL RESERVE IS A CORRUPT PRIVATE CORPORATION RUN BY A INTERNATIONAL BANKING CARTEL. THE FEDRAL RESERVE WAS TAKEN OVER BY THE BANKSTERS IN 1913 AND THEN IN 1933 THEY DID AWAY WITH THE GOLD STANDARD. THE RULING ELITE ARE DESTROYING US . THEY PRINT MONEY AT THE COST OF 3 CENTS EACH ,THAT IS WHAT IT IS REALY WORTH .


Cal Kellett   March 23rd, 2009 9:57 pm ET

Here is the biggest problem in the US today.
It is the continuous negativity and political dancing that CNN brings with its down in the mouth, group of pundits, 24/7.
How can anyone find their way when hour after hour they are told that even though things are looking better, they really aren’t?
Get someone on that network with a better attitude and let see if you can give your country a lift instead of another sour taste in their mouths from some disgruntled politician or analyst.
I can only say how refreshing it was to hear Meghan McCain speak her mind, even when Larry King tied to lead her into saying something derogatory.
Lets have more of her on CNN.


Tim Allen   March 23rd, 2009 9:57 pm ET

Hey Mr. King,
With everyone grabbing their pitchforks to go after AIG or the elected officials that knew the bonuses where there in the first place, who's watching the FED? The FED just dumped a TRILLION hard cash into the system right? Didn't post WWI Germany try that? How well did that work? Can we say HYPERINFLATION boys and girls?


john   March 23rd, 2009 9:58 pm ET

No, this is just busness, the money hasnt even been distributed, and when it does it wont help the ones who will need it.

Come on Larry, you made your mark in history,come back to reality, you have sold your soal, maybe if you worked your way out of poverty into a nice middle class income and all of a sudden its gone you would have different attitude towards this bail out, I owned a small busness for 23 years and I had no one to bail me out, I started over, paid my depts off, if someone would have bailed me out, it would have been throwing money down the drain, we need to let GM, and the people who over purchased due to stupidity go under, I work my tail off to keep a great credit rating, I learned to pay my way out of dept by working, now this is such a mess I will have to do it all over again.
I will make it through this because I know how it is to be poor and go to bed hungry, Obama has a hard task ahead of him, I wish he would slow down, some wounds heal themselves, and thats part of what you see today, now the media thinks he changed the stock market, give me a break.

Time will heal alot of things.

Get off the Obama train, get off the politic train and make your show a real show.

Time to change the channel.


Batool   March 23rd, 2009 9:58 pm ET

i agree with Lilly on you Larry should call the President with his title.


Marlene Cook   March 23rd, 2009 9:58 pm ET

We aren't even beginning to end the crisis. That will be happening when the millions of people who have lost their jobs are back to work. My hope would be that the republicans would quit attacking and let Obama help us. There are millions of us out here for voted for him who believe he will do his very best to get us out of this mess and want him to have the freedom to do it. We are sick to death of hearing all the garbage from the republicans. As far as the debt goes George Bush and the republicans put us in the greatest debt ever with the Iraq war, something that never should have been and has done us nothing but harm. Now our hope, Obama, wants to help us the middle class and poor here in this country, something that really must be done, and listen to them cry about the debt!!!!!!!!! They really make me sick. Obama plans on recouping the money for the government. All George Bush and his buddies did was go into more debt to build up the destruction we did in Iraq. Republicans are crazy!!!!!!


Dodie from Irvine CA   March 23rd, 2009 9:58 pm ET

@ Joe

Wall street is legalized gambling! Yes, they think they are special, they act privileged and they are greedy. Hence, need I say more!


LOU   March 23rd, 2009 9:58 pm ET

Yes, a FLUKE. We all know they can manipulate the market to do anything they [the power mungers] want it to do.
The only reason the housing market is up is because the sharks are buying the foreclosures.
You mean no one saw this coming a long time ago? I did.
Print some money, give it to the CEO's and the ilegal 's,Tax the hard workers, watch the crime rate rise and walk away.
Everyone talks in circles and nothing is said, that is politics.
HO HUMMM.


sue, montreal   March 23rd, 2009 9:59 pm ET

With all your anger & wanting to get even-You will end up cuting your nose off to spite your face.
You did it when you voted for bush the 2nd time--you always end up shoot yourself in the foot...and then blame everybody else...Oh poor poor baby-sometimes you have to bite the bullet for the greater good-you really need to get on board or else you will doom us all.


Al Cook   March 23rd, 2009 9:59 pm ET

Sorry, I meant to say UNTIL we reenact the usury laws etc.


Joe In Hartford, CT   March 23rd, 2009 9:59 pm ET

Rep. Connie Mack has FINALLY told us what the Republican's plan to save the economy is: 1.Decrease the size of Government 2. Deregulate and 3.Cut taxes that promote jobs.
Excuse me Mr. Mack, but isn't that what has been done for the last 30 years?? Look where it's gotten us!
Where are all these jobs that were supposed to be created by giving big business tax breaks to create jobs? I'll tell you where it is. They're executives are living in them, driving them, swimming in them and wearing them dangling from their wive's ears!!
Deregulate?? Are you completely insane? Deregulation is EXACTLY the reason we are where we are! People creating money out of thin air based on something WORTHLESS!
Decrease the size of government?? Oh really? We leave it up to the private sector to get us out of this? The private sector does not WANT us out of this. The elite are quite comfortable even with the loss of their "paper profits". There are people DYING in this country because of the economic downturn and you want us to hand backover the keys to the henhouse to the foxes who've been running it for years.
No thank you. You've demonstrated that the Republican Party is comfortable with the status quo. We're not idiots you know. We know you've duped us in the past. I'm stunned that you are surprised that we've finally had enough.
Go off to a corner and lick your wounds. Your party is irrelevant. Your ideas are archaic and belong on the clearance shelf with the VCR. They serve only those that cling to their corruption and don't understand why the peasants are in revolt.
Go on. Keep being negative. Don't try to be a part of the solution. Waste all your energy telling us how a guy we trust and respect is going to fail us.
We are going to get out of this. There will be missteps along the way. We'll get over those. It's not going to take 4 years. At the end of the day, you are giving ammunition to your Democratic challengers. I can see the ads now..."(Insert Republican candidates name here) on CNN and the only thing we hear from them is the word, "NO" over and over and over again.)
Good luck in the future. I will miss you guys. I don't know what is going to happen the blog after you leave yourselves as relevant as the Save the Spotted Owl party.


Mariea   March 23rd, 2009 10:00 pm ET

By the way, I admire & really agree with what "Batool" said. "Here, here!"


PEGGY GENTRY   March 23rd, 2009 10:00 pm ET

AMERICA IS GREAT!!! WE WILL SOON BE OUT OF THIS MESS. IF THE PEOPLE KEEP THE FAITH AND WORK HARD LIKE WE ALWAYS HAVE. WE HAVE A PLESANT FAITHFUL PRESIDENT NOW TO HELP US. GOD BLESS AMERICA. WE WILL BE ON OUR FEET BY THE END OF THE YR. JUST GIVE US TIME. PEGGY GENTRY


Blossom   March 23rd, 2009 10:01 pm ET

I am sick and tired of the Republicans who did nothing for 8 long years while Bush ran the country to the ground. The complain President Obama is doing too much and at the same time expects him to attend to everything. Rep. Mack should pay more attention to us here in Florida. Bush took 8 years to bring us where we are. They expect President Obama to waive a magic wand in 2 months and get us out. Representative Mack you have no credible argument to us here in Florida.


Kwame   March 23rd, 2009 10:01 pm ET

You republicans should listen to Cindy Mccain and wish your newly elected president chance to succeed, because it is not about Obama but the people. You wish him to fail, but it is only the people who will suffer the most if he fails.


Marc Yacht   March 23rd, 2009 10:02 pm ET

The issue is whether it is a "Bear Bounce" up, or an actual bottom. I don't think anyone can predict the weeks ahead for the Market.

I do believe we have a President that is making every effort to stabilize a disasterous fiscal mess and it is time for the Republican Conservatives to help the President and not spew endless criticism at his efforts.

I think the polls speak for themselves as to how an angry nation is reacting to the "in lockstep" Repbulican party. Their membership is dwindling and as Paul Krugman said in a recent column – they appear to be evolving into the party of the stupid.

Republican party survival will depend on their joining and assisting the President in turning around a fiscal mess that lays at the feet of the Bush administration. Our two party system is important, unfortunately it is threatened by polarizartion that Americans can no longer tolerate.


Roderick   March 23rd, 2009 10:02 pm ET

Of course this problem is not over. No where near. I am absolutely confused as to why more people are not asking for the heads of the bankers that put us in this mess. For all the companies that were bailed out by the government, it should be the right of the government to ask for the replacement of those staff that ran it into the ground. There are plenty of other capable people in this country that could do a better job. There must be repercussions for the greedy people that got us into this! If a company gets so big that the government cannot let it fail without destroying the economy, then the capitalist ideology that led us to this is obviously flawed. I cannot believe that there are still people who, like Republican Congressman on Larry King's panel tonight, still believe that less regulation is the answer! THE REASON WE ARE IN THIS IS BECAUSE OF GREED AND NOT ENOUGH REGULATION!!!


westcoaster   March 23rd, 2009 10:03 pm ET

the ONLY people buying stock are those who have money to spare – those who are buying houses are folks that listen to Donald Trump – take advantage of foreclosures and buy buy buy...

why would anyone think there's an upturn in the economy? the average American is probably not taking their severance package and investing in stock, nor a new or second home

reality check!


ryo   March 23rd, 2009 10:04 pm ET

I have seen a couple of people say that the gov should give the people the money and that would stimulate the economy. Jon Stewart said that too. I think it would be great. I don't really have that much debt and if they gave me 100k I could pay off all of it and put a down payment on a condo or something. It would be a good idea.


David W   March 23rd, 2009 10:06 pm ET

The OBAMA/BUSH plan is not the answer

Are we out of Iraq/Afganistarn
Are we securing the boarders (sure more so)
Are we seeing change or more fighting?

YOU don't win an argument by blaming someone else. (GOES FOR BOTH SIDES)

THIS country is not just GOP and DEMS

If they don't work for us WE VOTE EM ALL OUT AND SEND A MESSAGE

STOP THE FIGHTING and WORK FOR US IN GOV

will fail if we keep fighting

WE FAIL BEFORE WE BEGIN


Livina   March 23rd, 2009 10:06 pm ET

The economy had gone bad when the "R" word could and would not be used by the last administration almost 2 years ago but now everyone expects immediate economic recovery. This administration has been in place for barely 2 months and suddenly all the bad economics news that was in the making before they came on are now being credited to the Obama administration. As God fearing people we ought to be fair in our criticism. E.g the man who is asking for Geitner to be replaced.


Willie Brown   March 23rd, 2009 10:08 pm ET

Larry,
It is said that " The sign of insanity is to do the same thing that don't over and over and expect A different result". It's without A question that your so call "outstanding " guests meet this qualification hands down.
Moreover, Hell's Fire await them all with ther eval views!!!!!!!!!!!!!!!!!


Batool   March 23rd, 2009 10:08 pm ET

Peggy Gentry,, i love your Optimism !!! and YES we should all have faith here that we will make it like we did before,, we will always stay number one nation in the world.


roger ramjet   March 23rd, 2009 10:10 pm ET

This is the 'Obama Bounce' – wait till the market reaches 9,000 and get out. I think it will be 10 years before we see true recovery. I have to applaude Obama, he's trying. Truth is nobody on the planet knows the answer yet.

btw, when you report all this – please put it in perspective once in a while, I'd like to hear just once what percentage of the entire bailout total allocated thus far, the AIG bounus payments comprise. Then ask the question – why is everyone spending so much time talking about pennies. I think you news guys need to lean more towards reporting facts and less towards entertainment – it would help the country to know there is at least one trusted news source somewhere. I don't think there is anymore.

btw, where are all the Congressional pensions invested – I thought it was AIG? That would be a good story – have our leaders lost %50 of their pensions in the last year?? I doubt it.

I'm laughing along with President Obama – he's laughing at you all. But you don't get it.

Roger


Mariea   March 23rd, 2009 10:16 pm ET

I think that if we really want to create more jobs here in the U.S. we should bring back factories here to our shores. We also should ask companies like Dell, & AOL to bring back their offices and jobs to America as well. Everytime you call up with a dispute you talk to India or some other country. Though it is true that some Americans (I say this with the utmost respect not wanting to anger any mob mentalities out there), with the execption of Texans, who are the most polite of all, can be crude. But, training classes in hospitality and customer service can me given. We also don't really make anything. Instead of reading that every potentially poisonous or unsafe toy comes from another country this Christmas, why not read that the majority/safe toys are made in America! And, that goes for our pharmaceuticals as well. I heard that in some countries that I will not mention, make medications that are sent here with fillers that come from the same material we use to make drywall in building homes.


Jeffrey Ross   March 23rd, 2009 10:17 pm ET

It isnot a fluke,it is the beginning of people trying to spend their money on something solid while they can. We are heading for a period of inflation that is going to be terrible, there is no other possible result for the solutions that are being offered up. It will make a fixed loan now a bargain. The toxic assets are a hidden agenda and no doubt the ones in California will go first with the ones in Detroit being stagnant. The banks will double their money and we need to hear about a payback schedule and it shouldn't be a 30 yr fixed. There a lot of toxic assets that you and I would be proud to own,but precisely what they are and where they are will always be a closely guarded secret. When my paycheck's power is cut by more than half along with everyone elses we will begin our journey to the third world while the banks and wall st. continue their reward for failure on our backs. All our representatives deserve to be sent back home and replaced by someone that realizes you have consequences for your actions and if we don't step up and demand this our country is going to collapse.


Bill Boulware   March 23rd, 2009 10:19 pm ET

After watching your show tonight Larry,I have the following opinions : Meghan McCain seems to be a bright young intelligent lady,but to start touting her as the new voice of the GOP? It only indicates how weak the Republicans are. Rep. Connie Mack is another Republican idiot. How did these people get elected? My last comment: President Obama should replace the terroist in Guantanamo Bay with George Bush, Dick Cheney, and Donald Rumsfield. They are responsible for more damage to this country than it's current occupants. Bill Boulware.


Vicki from NJ   March 23rd, 2009 10:23 pm ET

The greed is running rampid as usual. Our own government employees (the postoffice) is laying off thousands of jobs, but ask what the top execs are making and you'll find out why so many jobs are being laid off. The same rule applies to our government folks. They are all getting their big paychecks and bonuses from folks like AIG, (e.g., Dodd & Obama were paid well). Until the greed stops, we taxpayers will continue to suffer.


David W   March 23rd, 2009 10:25 pm ET

"President Obama should replace the terroist in Guantanamo Bay with George Bush, Dick Cheney, and Donald Rumsfield."

+++++++++++++++++++++
STOP THE HATE ON BOTH SIDES

IT WONT MATTER WHO IS RIGHT IF WE CANT LISTEN AND LEARN FROM EACH OTHER

UNITED WE STAND DIVIDED WE FAIL

you want investigations then investigate ALL POLITICIANS OVER THIS FINANCIAL MESS

Corruption knows no party

UNITED WE STAND NOT NEW PARTY LINE


Joe In Hartford, CT   March 23rd, 2009 10:28 pm ET

Mariea
The only way that is going to happen is to make operating a manufacturing company in this country as proitable as it is operating in a foreign country where labor and taxes are cheaper. It's cheaper to live there so worker's can work for less and feed their families. That's the catch.
The problem is also that we HAVE given companies in this country tax breaks to make them more competitive here. Still, they moved jobs overseas. I don't oppose tax breaks to create jobs. However, if we're going to give them a tax break to create jobs it should be REQUIRED that they do that. Give us a number. How many jobs will it create if we give you an $x tax break? Ok, create them in 6 months or pay it back with interest.
That will require them to improve their business with the new jobs created or pay a penalty for failing to perform. I'd LOVE to hear the private sector and the Republican party respond to that idea.


Mariea   March 23rd, 2009 10:28 pm ET

I trust President Obama. He looks like a man that understands the game of chess. And, I think that if he put this man Geithner in the position he is in it is for a good reason. I agree with Peggy Gentry, I think that if we stand together & I mean all of us reguardless of Democratic/Republican parties, but as Americans who love our country, we can indeed get through this. I think we can start like President Obama said by doing things for one another. Did any of you ever see "Pay It Forward." Maybe we can just start small by understanding eachothers problems, not being too quick to judge, and helping or giving someone a chance for no reason. I have an idea lets start with our President. Let's give him a chance.


Dodie from Irvine CA   March 23rd, 2009 10:29 pm ET

@ Joe In Hartford, CT

Awe, That was awesome...keep in going...

Love what Anderson just said...

The lifestyles of the Rich and Shameless... That is funny


Dodie from Irvine CA   March 23rd, 2009 10:34 pm ET

@ Vicki from NJ

The exact same thing is happening here. I work for the local government, hence... Orange County, CA. The top executives will be getting a 5% pay INCREASE while laying off hundreds of social workers, etc. My division manager said on Friday... OK We are broke and own over 5 million dollars... now who do I start laying off.

I have NEVER seen government employees fearful for their job.

and to add insult on injury, Orange County Board of Supervisors just remodeled their lobby for over one million dollars. They also have their 401K contributions from taxpayer monies. They receive $900 a month in car allowance. It is just lubricious!!!


David W   March 23rd, 2009 10:38 pm ET

ITS not the money its the GREED

THE RICH ARE NOT THE PROBLEM

GREED and CORRUPTION IS

We cant trust the GOVT to help us if they don't know who they work for

WE ARE the GOVT

THEY serve us we don't serve them

Do they serve us or GREED

NOT A PARTY PROBLEM

They fight each other like parasites they depend on the hate to look like they are fighting for good

THEY FIGHT FOR VOTES AND HELPING US IS SECONDARY

WE ALL WANT CLEAN AIR
WE ALL WANT LIBERTY
WE ALL WANT TO BE SAFE

We fight over the WAY to get their NOT the goal

Not GOP vs DEM

INVESTIGATE ALL IF YOU DON:T TRUST EM

THEY HAVE TO KNOW WE ARE THEIR BOSSES NOT THE SOLUTION

Divided we FAIL

READ WHAT ALL GREAT PRESIDENTS SAID AND DID
NOT JUST SAID
TALK IS CHEAP

RESULTS ARE GAUGE OF A GREAT PRESIDENT

NOT WORDS ...

We all have been fooled before DEMS AND GOP


Raymond W. Stone   March 23rd, 2009 10:39 pm ET

It’s a FLUKE! Not long ago we heard Phil Grahm talk about the “mental recession” The emotional and dramatic actions affect the “Mental Economy”. Nothing has been done to correct the trend of increased consumption and decreased production that is the root cause of the real recession. The real recession is the one that puts people out of work , it is not some fantasy conjured up by a failing government. We will have a long and difficult recovery, because of the outrageous spending without changing the trend. Any action that promotes consumption rather than production is detrimental to our progress and will result in extending the pain and suffering. The economists and government are treating the results instead of the cause. Wall Street and Obama don’t get it. They have no idea what the economy is about. Sure they can temporarily change the perception of the people by massive spending, but this will lead to massive inflation and greater problems. You can’t spend your way out of debt, you have to work your way out of debt. That means we have to get manufacturing going and have to provide jobs so that people can do the work of climbing slowly out of the recession. All resources need to be carefully spent to increase production. If this outrageous spending expires our resources without providing opportunity to work the depression will be long and hard.


Richard Collins   March 23rd, 2009 10:40 pm ET

The real problem is congress, these people are pathetic, AIG is a coverup for the Congress of the United States, they are to blame for letting the bailouts continue without conditions and oversight, let alone reading the paperwork. The only answer is term limits, 6 terms for reps and 2 terms for senators. We would have much better representation.


Mariea   March 23rd, 2009 10:41 pm ET

Joe thank you for answering me. I understand a little better after that explanation. After reading it, I thought to myself: "Self, (smile) what if grants or federal stimulus could be given to new American factories. Then patriotic Americans can simply bring back the 60's and boycott products made in other countries." Yes, those companies may not make as much as the ones that are alien based, but at least they would make something. And, it was the greed of the last administration that partially got us into the mess we are in to begin with. Thanks again Joe.


John   March 23rd, 2009 10:46 pm ET

I guess that sometimes the subjects of each blog sometimes overlap. I suspect Meghan McCain was speaking when many of the comments were made. While I didn't see the show, I'm glad that she is speaking her mind and giving a different Republican Viewpoint than Ann Coulter, Sean Hannity, and Bill O'reilly (unsure of the spelling of the last). These people are examples of those at the core of the Republican Party who have destroyed it as a viable force in politics.

As for the good news in the Home Manufacturing Industry, I believe it is a good start. My wife and I are not among the wealthy who are behind many of the troubles with our economy but we are fortunate to be able to afford to buy the house of our dreams. I hope every stick of wood and piece of furniature we are able to purchase helps put one person back to work. Have a positive attitude and we will have a positive outcome!


Nsikan Okon   March 23rd, 2009 10:47 pm ET

I think the republicans want a Jesus Christ to come bail America out of these crises, if the president was Jesus Christ in disguise I bet they would never recognize him. I think those criticizing the president should shut the hell up and let the man in charge do what he has to do. If they were better than him, they should have run for the presidency.


Judith   March 23rd, 2009 10:51 pm ET

We should have kept the regulations.No matter what these so call experience ones you have on your show Larry or on CNN with Wolf,
Anderson etc.We never should have had deregulations.
Now I will say we have a President in for a bit over 2 months and the media keeps being negative about him.People are upset with bail out of Wall Street,people losing jobs,homes,healthcare etc etc.But President Obama wasn't the one that made this mess but yet the media talks at times like he had.The GOPs love this while knowing that they were the ones that sat on their hands the first 6 yrs of Bush.
The mess just didn't happen after 2006.
Some thought that Obama would come in and everything would get better Right Away.That is a Dream World where none of us live.
The GOPs act like President Obama should have come into office and just played basketball,going to Camp David every weekend and let the economy go where ever it ends up.If it went bad blame Obama.
If it went good praise Bush.
People are hurting.When all this bs went start going down in 2007 I would like to know what did any of the Republicans do for the people in their State that loss jobs,homes etc.How many of them went forward and told Bush to start doing his job.
Towards the end of 2008 all we heard from Bush and McCain when he was campaigning was Economy Sound.The American People knew different because they were feeling the downs or knew ones that were feeling it.
President Obama is trying to fix the problems he inherit and it's best that all these Republicans join him instead of fighting him on every single issue.Our Country doesn't have time for the playground of kids and people are suffering.There are kids that are not sleeping in their beds in a cozy home where they felt safe because of mom and dad losing a job so they've lost homes.

The GOPs fought for years about health care.They put Fear in people.How many families right now that can't even take a sick child to a doctor because the doctors want to charge full amount.How many kids that are Americans will have to suffer because of Health Care??
We're sick hearing the GOPs act like actors saying 'I feel your pain'.
How can anyone that has a job feel pain of someone that lost everything.It's time for the GOPs to get our of their office and instead of having lunch go and look around.When your back in your State truly look what is happening to the people in your States.I'm talking different areas not just the best.


David W   March 23rd, 2009 10:55 pm ET

OBMAMA fights VP
CHENNY fights OBAMA

THEY NEED OUR RAGE

THEY GET THEIR POWER FROM US

WE FORGET WHY THE COUNTRY WAS FOUNDED

WHO IT WAS FOR

LET THE MEN ACT LIKE CHILDREN AND IF THEY CANT WE TRY WITH A NEW BATCH

Read the speeches of Lincon JFK REAGAN

READ .. there is a reason Obama cites them but he still keeps us fighing

WE SERVE NO MAN BUT FOR OUR FREEDOM AND LIBERTY
WE FORGET WHERE WE CAME FROM
we loose sight of where we have been and what it is TO BE AMERICAN

OUT OF MANY ONE
MANY IDEAS>> MANY PEOPLE.....our diffreent IDEAS MAKE US STRONG ....
NOT TO CHANGE PEOPLES IDEAS BUT TO WORK TOGETHER

NOT YES WE CAN >>> UNITED WE STAND

WE FORGET WHERE WE CAME FROM AS A NATION
OR WE WOULDN'T BE FIGHTING


Glenda   March 23rd, 2009 10:56 pm ET

I feel it’s a fluke.

There are too many Americans without work in the good old USA and all the incentives in the world will not help the unemployed or the underpaid American buy or borrow to stimulate the economy. Only people who have money will spend money.

My perspective is that you cannot rebuild an economy on zero dollars in the hands of the people and we do not have the money in the hands of the people that count when it comes to rebuilding this economy.


David W   March 23rd, 2009 11:04 pm ET

POLITICS IS A GAME

GREAT PRESIDENTS WORKED FOR THE PEOPLE

JON STEWART HAD THE RIGHT IDEA BUT WRONG TARGET

THIS ISN'T A BLEEPING GAME


David W   March 23rd, 2009 11:21 pm ET

WE PLEDGE OUR SELVES to the FLAG of the UNITED STATES OF AMERICA
to OUR Republic to ONE NATION

OLD IDEAS BUT THE ONLY IDEAS THAT KEEP US STRONG

not to a plutocracy

Capitalism is not the problem
DEMOCRACY IS NOT THE PROBLEM

THE LUST FOR MONEY IS THE ROOT OF EVIL
NOT THE MONEY

RICH poor .white black old young Democrat Republican
WE THE PEOPLE

IF THEY cant work for us and forgot these values

WE SEND THEM HOME

IT IS NOT OUR LEADERS THAT MAKES US STRONG
WE THE PEOPLE ARE THE STRENGTH

OUR LEADERS SERVE US
NOT GREED

GOD BLESS AMERICA
(or if you don't believe in God its ok YOU HAVE THE CHOICE)

We forget WE CAN choose and not be LED

we forget WHERE OUR POWER IS and WHAT IT STANDS FOR

UNITED WE STAND


Sherry, N. Calif.   March 23rd, 2009 11:33 pm ET

It is a Fluke! So sad. We help the gamblers on Wall St., Banks, and AIG for it's destruuction of our economic system with trillions but never our own people. Watch the budget play out. As an American I am questioning our values that our Government and the wealthy have in regards to keeping "U.S." a healthy and growing nation. I am ashamed of the greed we display around the world. Looks like they get the last laugh as they are doing better than America. 2 to 3% of Americans that took our crown of glory with them down into the chambers of Bernie's these past ten years should be ashamed but they aren't. The greed is continuing right now on Wall St and other places. It will continue until someone with control can fix the system that caused this fiasco and dismantle the biggest Casino in America we have WALL ST.


Sherry, N. Calif.   March 23rd, 2009 11:39 pm ET

Until we take apart the biggest casino in America (Wall St.) nothing will ever be the same in our monetary sytem unless someone can fix the system that caused this mess. So we are all spinning out. Wall St. and Banks were married officially in 1999. We have the problems today because of this marriage. So divorce is the answer. Wa-la Problem solved-


Sherry, N. Calif.   March 23rd, 2009 11:46 pm ET

Connie Mack's Dad was one of the ones that made this mess. He needs to look in his own back yard. Not one answer but trickle down. Trickle down does not work in a recession or a depression. Get real Mr. Mack.


David W   March 23rd, 2009 11:50 pm ET

our values that our Government and the wealthy have in regards to keeping “U.S

+++
WALL STREET IS NOT THE PROBLEM

Greed not the amount of money ... ITS OK TO BE RICH
CORRUPTION IS GREED IS

We can TELL THEM IN GOVT we ARE THE POWER OF GOVT
THEY ARE NO BETTER >>> IF THEY CANT HELP
WE ELECT ALL NEW PEOPLE

IF THEY DONT WORK WE DO IT AGAIN and SEND THEM HOME

THAT IS WHAT MAKES OUR REPUBLIC STRONG

KING LINCOLN JFK REAGAN

They wanted to IMPROVE THIS NATION AND BRING US TOGETER

TAKE A STAND

WE HAVE TO STOP BLAMING AND FIGHTING AND ASK WHY THE LEADERS DO

IF OUR LEADERS TRY TO KEEP US APART ASK WHY AND CALL THEM (CELL PHONE)

READ THEM THE CONSTITUTION
IF THEY FORGOT WHAT WE ARE
WE THE PEOPLE NOT THEY THE POLITICIAN
FOR OUR SAFETY AND FREEDOM AND LIBERTY

'A Nation divided against its self can not stand'

NOT OBAMA... LINCOLN

HOW CAN WE TRUST LEADERS TO POLICE WALL STREET?
We need to TRUST OUR LEADERS FIRST

WHEN WE ARE SURE THEY WORK FOR AMERICA AND ITS PEOPLE
THEN THEY CAN TRY TO POLICE WALL STREET

WE HAVE TO WATCH THEM TOO
they made their money from WALL STREET TOO


Glenda   March 24th, 2009 12:11 am ET

The statement was made that the greed of the last administration caused many of our woes today. Believe me when I say it’s not just the greed of the last administration that put us in this condition but it has been the greed in the heart of humankind that has put us in this situation. Not because one may want a nice place to live with a reliable car to drive to work and the ability to have clothes without holes in them, insurance and an occasional vacation. No, we are in this state because of the lack of caring for one another.

What I see is the business owner or the CEO of a business saying their workers have enough but we want more or as I see it more than enough… I believe the upper echelon have lost sight of paying a rightful wage to their people. I believe it is a dark and uncaring heart towards mankind that has caused the state or our land and it will cause the demise of you and your wealth unless you wake up and give to your employees so it (the money) can be given back unto you when we invest into your products. Remember corruption comes when you horde the money we helped you make and do not share the wealth with the ones who made you wealthy.


margo   March 24th, 2009 12:14 am ET

Meghan Mccain is a fresh outlook for the republican party. I wish more republicans would listen to her. I'm a democrat and proud of it. However, Meghan said it perfect that her generation is so different from the older generation like her father. That is for sure.

Good for Meghan for taking on Ann Coulter the most venemous female on the planet. Kiss my fat ace to Ann is right on. Get rid of her and any comments she has to say.

Keep it up Meghan what a fresh air from a beautiful young lady. Love the way you are coming across to the american public that a lot of the republicans don't listen to.

Love you

Margo


Raffael   March 24th, 2009 12:18 am ET

unlike her dad, she's the real maverick. Smart, articulate and focused – very impressive. I might not agree with her point of view (I think she's being too apologetic for the shortcomings of the Republican Party) , however she makes more sense all the nay sayers in the GOP.


David W   March 24th, 2009 12:19 am ET

And that is why we will never move forward.


Christian Norton   March 24th, 2009 12:31 am ET

Is the stock surge a fluke? No. 497 points is 497 points. But Geithner's bank plan – I say yes. Taxpayers are bailing out the banks.


Aldous Larson   March 24th, 2009 12:36 am ET

The whole American Economy is a fluke. When hyperinflation kicks in stocks will soar but values will drop.


Ross Burton   March 24th, 2009 12:36 am ET

When the losses from toxic assets equals the gains from normal commerce, we will have reached the bottom of the recession. I believe we are there. There are still more toxic assets to be written off nationally, but the gains from this point on will be greater than the losses


Justin Bell   March 24th, 2009 12:39 am ET

With the way the stocks have been plummetting lately, without much fluctuation, that this rise in the stocks is just an analomy. I really do not believe that the bailout is already affecting the economy.


Wil Johnson   March 24th, 2009 12:39 am ET

Next time you discuss Guantanamo ask the panelists how they would feel if their son was held in a foreign prison for six or seven years with no charges filed of any kind.

if they are terrorists and you can prove it, send them to trial and to jail.

If you think they might have done something but you cannot prove it,after six or seven years they have to be set free.


Allan   March 24th, 2009 12:40 am ET

If this is over then the whole thing was/is a fluke. Americans are going to have to believe in America again for this to be over.There is no bailout that can save the American people besides the American people.Larrry love the show.


Roger S.   March 24th, 2009 12:40 am ET

The recent stock market rally is not an indication that we are near the bottom, More like the naked short sellers are aware that they have a target on their heads. There can be no return to market stability until we fix the Securities and Exchange Commission, and fix the Financial institutions by allowing the broken banks to fail.


Jim   March 24th, 2009 12:41 am ET

The 5% home sales JUMP that captured so much attention today is cherry picked data. The same report noted a 15% decline in prices & also noted that 45% of sales were "distressed" sales.

So, does a foreclosure based "jump" & 15% price decline signal that the financial troubles are over? It doesn't add up.


Greg Conocchioli   March 24th, 2009 12:42 am ET

Please keep in mind that today's market surge is just a correction, on the day that tim Geithner announced there would be a "plan", the market dropped 380 points, today's stock surge then is really worth only 117 points.

february's housing numbers include how many houses that were sold in foreclosure and shorts sales. Houses sold but people lost their homes!


Fernando Zamora   March 24th, 2009 12:42 am ET

It's just a fluke. When we see a steady rise for a period of time then maybe we can use the DJI as an indicator. During the Dot Bust in 2002 we saw similar spikes a few times before it finally picked up in 2003.


Don Arnold   March 24th, 2009 12:42 am ET

No we have not neared the bottom. There are millions of retirees just like me who are reducing their 401K withdrawals and using after tax money to live on. There are many who will use EEBonds bought in the 80's to live on. We will sell stocks only to ofset gains. We have worked fifty years and more and have no interest in supporting those now in charge.Good luck


Barbados   March 24th, 2009 12:42 am ET

I think the economy is on the road to improvement.


ralph defranzo   March 24th, 2009 12:43 am ET

I am hopeful, like many, that we are seeing the 'bottom" and witnessing the beginning of a recovery in our economy. However, I am very pessimistic because I really think that this "blip' is just another brief gasp. The real recovery will be much slower and gradual, as we gain confidence a little at a time. It must start with job gains, which relates to business recovery (small and large) otherwise known as "capitalism".


mike meletiou   March 24th, 2009 12:43 am ET

Larry please call out Mack on his comment that Obama is planning to close Guantanamo and release them into the US. That is NOT going to happen... please. As far as Dick Cheney's comment's and Obama's response, it is like the difference between putting out a fire with a fire extenguisher, or finding out what caused the fire in the first place. Mack and the Bush/Cheney model is fixated on making war the answer instead of finding out why everyone wants to kill us...
When we use torture, our enemies are justified in their use of torture...


Ben Odom   March 24th, 2009 12:45 am ET

A few weeks ago the Republicans were saying that President Obama was "talking down" the economy. Now that there are glimmers of positive news, the Republicans are talking down the recovery. Like Rush Limbaugh, I believe most Republicans want the President to fail just for their political gain.


Harish Ram   March 24th, 2009 12:47 am ET

The end is pretty much here.... within in the next few months the media will call out the end and thats it.... over the next 18 months the market will grow at a steady pace... If you look at the micro areas of the housing market...the average supply is less than 6 months on the market...the end is around the corner...


Dr Michael Stuart   March 24th, 2009 12:48 am ET

Today's surge of the stock market is just a deep sigh as a dying economy takes a few last breaths. The death of our economy as we know it has only been hastened by this is so called bail out; which is really nothing more than a socialistic hand out. The notion that any institution is "to big to fail" is the biggest lie ever fed to the people of this nation since the beginning of our republic in 1776.


Doc   March 24th, 2009 12:50 am ET

Hearing the endless parade of Republican Congressmen and Senators decrying deficits and spending is surreal. What's next: Jeffrey Dahmer speaking for 'Save the Children"?

No one, except for a few GOP operatives, has forgotten who got us in this mess in every aspect of our national life – the economy, foreign relationships, security. Obama is a breath of fresh air, and he has a hard job ahead to dig us out of this mess that the Republicans left us. I'm backing him all the way!


rick   March 24th, 2009 12:50 am ET

"ask not what your corporation can do for you , ask what you can do for your corporation"
2009 senate, congress agenda?


Robert   March 24th, 2009 12:50 am ET

This just fluke. Why are we going through all these complicated mazes that no one understands. The congress writes these polices that not one of them has read or understands. We add more and more regulations and taxes on businesses and expect them to succeed. The key is to inspire compitition, protect the small companies, reduce taxes on EVERYONE and keep government from getting in the way. Government has caused most of this problem and aren't helping it now.


Malay M   March 24th, 2009 12:50 am ET

Today's wall street rally is deceptive and doesn't reflect much of economic improvement. Big players in the market are trying to create some noise so that they can book some profit.


vj   March 24th, 2009 12:50 am ET

Rep Mac how long u been a rep.We,the public never heard about u nor the good things u have done.U mean to tell me u were sleeping during the Bush administration.Give the guy a break i.e treasury sec. He is on the job only for few weeks
vj


Fred   March 24th, 2009 12:50 am ET

Of course we will continue to be in the economic crisis.......everyone needs to calm themselves..we did't it into this mess overnight and we will not exit overnight either. Pres. Obama was elected by the people of this country to do exactly what he is doing so I don't understand the Republican outrage....where they at the last 2 years during his campaign.


Linda Schatzer   March 24th, 2009 12:51 am ET

Ok as far as Meghan McCain goes...I liked her. She speaks her mind. While I may not agree with her republican viewpoints..I do like her moderate attitude towards things. As far as this Connie Mack...is this guy brain dead...when Arianna asked him what his plan was to fix the economy....he had the gaul to suggest deregulation again which is what has been happening for years and got us into this mess. How in the world was this man put in office. He makes no sense whatsoever. I am not 100 percent behind all of Obama's plans...but hey at least he is doing something...all the republicans do is complain and never come up with an answer. So my feeling...until you can come up with something constructive...please keep your idiotic opinions to yourself. Also, I feel Larry himself does not challenge his guests enough on the statements they do make.


Rodney   March 24th, 2009 12:51 am ET

If all these crying Republicans knew so much why did we get in such a hole these past 8 years ?


Calvin Stafford   March 24th, 2009 12:51 am ET

The surge in stock and home sales is probably little more than the Bumer's CEO buddies spending some of their bonus dollars. I think we would all do well to follow Michelle's reccommendation and plant a garden. Because if wew continue to follow her husbands plan we will surely find that he ultimately spends us right into the poor house and then our gardens will be all we have left, And honestly if you think about it, the Bummer will probably require us to share our gardens with our undocumented neighbors. The reason the stimulus packages are so quick to pass is because if you wait to read it no one could approve not even Nothing but Blarney Frank.


Doug   March 24th, 2009 12:52 am ET

Larry, My folks used to rush home to watch Larry King every night, if your had been as much a democrat as you are now I know they wouldn't have watched you even l night. Have you changed that much or are you wavering to cnn to keep your job. You'll have to watch the tape of tonights program and see your face when your asked arienna ? sp that she thought of the economy.
You are a grumpy old man that should (give it up)


Jason Twyman   March 24th, 2009 12:53 am ET

Larry why can't people in this country enjoy something positive for more than 24 hours befroe they start ripping it apart. This mess was created over 8 years by an incompitent administration. President Obams has been in office for less than 90 days as well as his cabinet. When you started your career on CNN was it a major success in 90 days. This country needs positive thinking people and it just seems like the press loves to dwell on the negative. Last thing Connie Mack is a perfect example of the state of the Republican Party which has been focusing on being critics instead of leaders. With them it boils down to party over everthing else and yes most of them want to see failure. The one caller nailed it on the head, if the stock market gets back to 8 or 9 thousand then what will be the Republican approach next? Probably another White Water to distract the president and block progress.


Joyce Nkem   March 24th, 2009 12:54 am ET

I think people should give president Obama a break. He is not the reason why the country is in this state. He is doing everything he can to to fix things and he cannot do it overnight. Joyce Dallas TX.


Brittany Davis, GA   March 24th, 2009 12:55 am ET

Quite frankly I figured a bunch of ignorant left wings would have the "we will win..the end is near" attitude. If something isn't done quickly, we will never recover, and the end WILL be near...and not a positive one... Personally, I do not think that Obama as the "magic touch" everyone thinks he will have. He's too concerned making fun of the special olympics, doing late night TV interviews and specials, as well as creating his own march madness basketball bracket...when will he actually BE a president and help end this mess? I don't see it happening any time soon. He is more of a celebrity then a president. We need another Ronald Regan to put an end to this madness...


Jeanie   March 24th, 2009 12:55 am ET

Frankly, at this point, who can say if it is a fluke or not. It is too early in the game. Give things a chance to develop before questioning whether or not it worked. Why is everything that is being done by this administration being scrutinized so closely? Every word the President said or didn't say and everything being done is being examined and then criticized to the nineth degree. If everyone had paid as much attention to GWB we wouldn't be in this mess. As for Tim Geithner, he should not resign as long as the President has confidence in his ability. Someone should have had the former Sec. of the Treasury brought up on charges for giving the first half of the stimulus without any regulatory stipulations, safe guards or oversight, but no one is saying anything about that. DOUBLE STANDARDS!


rick   March 24th, 2009 12:55 am ET

aig newcorporate intials should read i.o.u. AMERICA.


Steven   March 24th, 2009 12:55 am ET

The surge at the stock market is a speculative response to actions taken by the FEDs over the last 2 weeks. It speaks little about the well being of our economy, which is still extremely weak. Unemployment is still growing by large numbers. It does not appear that the economy has the footing to carry the trend suggested by the DOW. When reality hits again from the challenged economic environment, the bust feeling will return to Wall Street.


Jim   March 24th, 2009 12:55 am ET

The economy IS on the road to recovery, but it's way too soon to call the bottom, in fact housing still has a long way to correct.

Stocks may or may not continue an improvement process, but be careful what you wish for. A sharp & continued stock rally may be all it takes to ignite the next issue – Inflation. We're in a deflationary pattern at the moment, but the Fed has lots of "tinder" out there just waiting for a spark to start our next phase of this cycle:

– Devaluation of the dollar
– Inflation

We saw signs of it last summer & the tinder pile is MUCH higher now!


Matt   March 24th, 2009 12:56 am ET

Why is it that none of your guest, or even other shows of your type, ever mention anything about the people that are the backbone and foundation of an economy? The lower to middle class people! The reason for the economic crisis is that we are pushing the middle class into poverty! I'm one of them! I've lost my job three times to company's that went to Mexico! I went from making 30k a year jobs to barely making 23k a year! Even jobs that once payed well 10 years ago now require a college degree to do the same thing! My grandfather was a building inspector for the county I live in until he retired in the 80's but he only had a 9th grade education! People don't get paid for being good at things anymore unless you have a piece of paper saying you spent alot of time and money studying general courses!


Gina Bell   March 24th, 2009 12:59 am ET

After Mr. Obama solves this economic problem and creates new jobs, he needs to next start on creating MORE good men....I call this the 2009 stimulation plan


Astara   March 24th, 2009 1:01 am ET

It is so amazing to me. It took George Bush and Dick Cheney (and Bush started talking recession in his inaugural speech way back when) to complete destroy our country and our economy. And EVERYONE expects President Obama to have it completely fixed in two months. Get a grip folks and start dealing with reality.

The truth...all the people who have had power, control, and made alot of money, and believe in status quo are fighting as hard as they can to keep everything the way it was. The "good ole boys club" just doesn't want to go out without whining and b******* and crying. The Republicans didn't seem to mind that Bush was saddling me, my children, my grandchildren, and my great grandchildren with the responsibility of paying for a war that shouldn't have happened, that made alot of folks very rich, and is still going on. They didn't ***** when they used our money to bail out their buddies on Wall Street. But, boy, just try to help the American tax payer, and they are all over it. It is so very obvious that news programs only talk to the people who support their psycho babble. Give the President a chance and, gee, why don't all of you just shut up!


Joyce Nkem   March 24th, 2009 1:02 am ET

Ofcourse, the rise in stock market is a good sign and evidence of Obama's hard work. I know he will make a difference.


mcgary   March 24th, 2009 1:02 am ET

The reason people are so discouraged about Obama in short a short period of time is because he campaigned on change – change in Washington, etc., etc. He has gone from the center to the far left in his policies because he has let Pelosi (who has her own agenda) and Harry Reid, who is just as bad, push their pork bills through Congress that will have us all paying if we live long enough and then our kids and grandkids. His excuse for signing some of the crap was, oh that was last years business, it won't be the same next year. What an excuse. I think he has good intentions for the most part, but some of his party just has to go. They are as crooked as the say is long. I think it's a crying shame that so many people dropped out of the vetting process for Geithner's admin because they had tax problems. You could take any one of us and we would prob pass with flying colors. That's a dang shame especially when they are going to be over the IRS and the Treasury Dept.
I hope they can bring our country out of this recession and debt, but unfortunately to do it, we will eventually be paying so many taxes, we won't be able to partake in anything. Someone has to pay and it will be the American taxpayer as if they don't already take everything. Just a shame. We are already being distracted with the bailouts and the bonuses, so don't kid yourself. the media should be taken off the air -most of them are worthless. Dems are just as worried about their agenda's as Repubs. They all have their own agenda's with few caring for the people they represent.


Frances Popstojanovic   March 24th, 2009 1:04 am ET

Hello,

I wish the cable programs and others would just leave things alone for 6 months; there should be serious questions asked of the new administration but the sensationalism is way out of proportion to the grave seriousness of the situation. And the bombastic sensational simplistic comments from the right wing republicans shows that nothing has changed. GIVE OBAMA AND HIS TEAM A CHANCE.
Frances


dean and leanne burt   March 24th, 2009 1:11 am ET

larry, thanks for letting us comment. Tim Geithner is not the problem.
He inherited a huge mess. We voted for GWB, and wondered if we
were doing the right thing going into Iraq. We're there so lets do the
the right thing and get out as soon as we can. The real question is
when are the politicos in this country going to stop fighting each other, and start working together for the good of this country. That is not
happening now. They only care about themselves. TERM LIMITS will solve this problem. Mr. Cheney is a mouthy individule. He should go
hunting and forget politics. President Obama is trying to do a good job. He inherited a mess (which Mr Cheney does not recognize). Let's give him a chance. Yes, things are bad, but they are not his fault. We like watching your show and find your guests comments interesting. Again, thanks for letting vent.


ed,vancouver canada   March 24th, 2009 1:12 am ET

oy vay.They are manipulating the markets again.
crooks
ven the news gets aht that this is cooked up,
the markets will fall again


Kristina Thorpe   March 24th, 2009 1:20 am ET

Thank you for having Thom Hartmann – the intelligent voice of reason!


Mary   March 24th, 2009 1:48 am ET

I would like to ask all these Republicans "Where were you all with all the 'right' answers when our country was spiraling down this horrible economic nightmare. NOW you suddenly have all the answers...shut up you got us in this mess.


James In Kamiah, Idaho   March 24th, 2009 2:24 am ET

Good evening Dodie, sorry I missed you. My lil girl takes precident I'm afraid. 😉 😀 We just had her in december; so, you'll forgive me if I was otherwise occupied :D.


James In Kamiah, Idaho   March 24th, 2009 2:34 am ET

There are a lot of really good ideas for the short term fix. the problem is, we need solutions for the long run. People are in a helping mood now, but as time passes we'll forget.

We need better funding for education and we need to take the power of energy resources out of the hands of those who would use it against us. People are always talkign about the importance of oil, but there's no oxygen in space for combustion engines, and that's where our future lies. We need to be educated enough to realize once we start going up on a regular basis that objects in space are m ovign and we should avoid hitting them.

But then... you dont' need to worry, right? You're not going up there... as a matter of fact, you dont' care if your childrens, childrens children ever get up there as long as oyu don't have to share the burden of the cost.

Brilliant.


Rick   March 24th, 2009 3:14 am ET

President Obama,

Why are you only offering $7500 in tax credits for fuel-efficient cars, when the Bush administration was in office they offered up to $150,000, for those gas-guzzling SUV’s? If you really want to nudge people toward these great products, It needs to be a lot higher at least $35,000 to 50,000.


Rick   March 24th, 2009 3:15 am ET

President Obama,

There are Eugenics laws still on the books in 26 states, will you or your administration take action to ban or outlaw these inhuman laws, that would force sterilization on our people like Hitler did to his people in Germany, or do you support Eugenics laws?


Evelyn Anne Cannestra   March 24th, 2009 3:15 am ET

Having met two other generations of McCains, Meghan's father and grandfather - she is an embarrassment for her glib, endless chatter about political values. Hardly would one find any substantive experience in her silly answers to you, Larry King. Without McCain on her name - would she hardly be noticed for substantive results in the social or political community? PLEASE, spare us any more of these theatrically superficial episodes on your otherwise fine program.


Rick   March 24th, 2009 3:16 am ET

President Obama,

Word came out last week that Dick Cheney had hit squads to kill people across the world, and it get less then one day of news coverage from all of the people who are suppose to look into this stuff. Is your administration looking into these matters or have you order Eric holder to look into these matters, and aren’t these acts war crime if they are true!


Rick   March 24th, 2009 3:16 am ET

President Obama,

Why are we not banning ATRAZINE? ATRAZINE is a pesticide that lowers the hormone levels in animals and humans, which resolute in lower sex drives, and chemical castration of men, ATRAZINE changes the sex of male animals onto female animals, and may affect humans. The pesticide ATRAZINE that has been banned in every European country including Switzerland where it is made, but not in the United States of America, why has it been allowed in the U.S. The Bush administration, which met with the Swiss Corporation Syngenta over fifty times, to cut a deal not to take any action to block Syngenta from selling ATRAZINE in the U.S. Syngenta sells over 80 Million gallons of ATRAZINE to the U.S. every year, and we are their biggest purchaser of this pesticide.

When will the American people be protected from a poison that has lower our ability to reproduce, and may change men from changing into women?


Rick   March 24th, 2009 3:24 am ET

mcgary

Any member of congress can write any bill that they want, the President does not control Congress, Congress workes for the people that they represent. The same is true about the courts, the President does not control the courts either. Learn how the system works!


Rick   March 24th, 2009 3:29 am ET

300,000,000 million Americans

$300,000,000,000,000 if every American was given $1,000,000


Rick   March 24th, 2009 3:31 am ET

Until we get rid of the Federal Reserve our country will always remain broke!


sharon kraemer   March 24th, 2009 3:42 am ET

I think your new President Obama has made it very clear that nothing
will suddenly happen overnight. Having said that, I think it is really
great that he is at least trying to get the US economy on track and in
trying to do this, it will affect my country of Canada and all the other
countries that the US has affected. So, it makes me smile to listen to
all the critics jump in so quickly with their negative comments. All countries need to take a good look at the greed not need and look at how lucky we really are in so many many ways as opposed to so many millions of people who would love to have one tiny bit of what
we have. Thank you.


jordan   March 24th, 2009 3:49 am ET

I think we should borrow borrow borrow until we are so broke that all the parasites which have leached themselves (i.e. wall street, military industrial complex) can finally die off. At that point we will have no choice but to take control of the Federal Reserve. The dollar will crash, we will liquidate our debt and finally start to create real wealth instead of this fantasy we are living in.


Will L.   March 24th, 2009 3:51 am ET

This is absolutely just a fluke, bear market rally. I have been a strong believer since last fall we will come out of this recession this coming fall. Stocks bottom around three months before the recession ends, so combining that with my other analysis I believe we will see a new and final DOW bottom somewhere around the beginning of June, and be out this recession by September.


aaron   March 24th, 2009 3:53 am ET

I live in Los angeles and if u want to know why the economy is bad come here for a day. You cant even go in to mcdonalds and order a burger w/o knowing spanish no americans work in L.A. at least not alot all the city workers seem to be hispanic who interviews theses people and they dont speak english they send all there money back to there countries leaving out of work americans depending on the hopeful bailout this country is missing the big picture. Americans first not cheap labor. you only get out of something what u put in it


Jean   March 24th, 2009 3:53 am ET

No! There are many questions needing to be answered by Obama on how all the problems facing the US will be handled. Obama needs to stop blaming President Bush and face up to what is happening. He knew coming in what the condition of the US was. He wants to release all those horrible Gitmo prisoners. If released, they will go back to what they were doing: planning on how to attack the US. The blood of all that will be killed or mained at the hands of these terrorists will be on Obama's hands. He listened to too many people who wanted these terrorists to be treated fairly. If the terrorists had their way, they would execute ever America. They would destroy this nation in given the chance. They are animals and should be treated as such. Those Huffington Post women that you have on your problem are idiots. They will say and do anything to support ideas that are bad for our country. The same goes for that Stephanie Miller.


Mark   March 24th, 2009 4:00 am ET

Part of what got us to where we are is speculations without substance, there is no solid reason for the increases that we are seeing in the market or in the housing segment. This economy needs stability supported by tangible correlative sustained actions. I will be relieved when unemployment trend goes down, when foreclosures levels drop and the overall trend and confidence of the general public shifts even if the stock market levels out.


D Hanson   March 24th, 2009 4:01 am ET

When Megan grows up, she may see the light. She's quite similar to that goofy Jane Fonda assuming that she's capable of thought beneficial to the health of the country, NOT.
The market is having a not so unusual Bear run. The mess will continue when it's over.


D Hanson   March 24th, 2009 4:06 am ET

BTW: I respect and spell names correctly when they earn and deserve respect.


Bubba   March 24th, 2009 4:08 am ET

I beleive this is far from over we need to start at the bottom instead of the top. if people ant workin they ant spending money.

Suggestion Lower interest rates on home loan interest rate on 30 and 15 year. A lot of people would choose to refinance. Most would say if i could save 300. -500$ per month they would buy a car or? that puts people back to work not the complete fix but a great start. Take those rates down!!!!!!!! 3.5 -4 %


Joe In Hartford, CT   March 24th, 2009 4:12 am ET

Ok, there's been alot of discussion tonight on who is to blame for all this mess. While I would agree Mr. Bush is partly to blame....yes, Congress... yes Wall Street, not ONE of you recognizes the real source of the anger.
We are REALLY mad at OURSELVES. Yes America, we are also to blame. We bought the bill of goods they sold us for the last 30 years. I've seen Ronald Reagan's name extolled in here, and excuse me, but he started this ball rolling. It was HIS deregulation policies that began this whole mess. Don't get me wrong. I am NOT blaming him for recognizing that too much regulation hurts the economy because it restricts business. However, TOTAL deregulation only works if business sees it as the opportunity that it is and DOES NOT take complete advantage of not having a babysitter when Mom and Dad go on vacation.
Without anyone to watch the cookie jar, many corporations seeking to beat last year's numbers hit a wall and saw an easier way to make money. "If I just tell people I have the most amazing cookies in the history of cookie makers, I can sell them and make LOADS OF CASH!!" Too bad nobody lifted the lid to see that the cookie jar was empty.
So the bubble got bigger and fatter and bloated and burst.
But we bought into the bubble. Where do you think all these toxic assets came from? WE over extended ourselves in pursuit of the American dream. We bought the whole package hook, line and sinker. "As long as they give me a line of credit, I'm going to spend that and worry about it later. If I hit my limit, I'll just call and ask them to increase it. What? There's interest involved?? That doesn't seem fair, but oh well, here's my minimum payment."
And so it went. Nobody wanted to know what was going on because times were good through the Clinton years. How could anything be wrong? Yeah, we went to war, but I still have my new car. It's a gas guzzler, but it's big and shiney. It doesn't make you evil, it makes you human.
Nobody asked. Nobody wanted to know. But, somebody knew. Yep...the guys running those companies knew. They knew the bubble was going to burst some day, but they kept feeding at the trough....bonus after bonus....pushing the credit limit to the max and then increasing it one more time. Their real crime is recognizing that their butts were covered. You can't go after the employees of a company, just the company. If it goes belly up..."oh well, you can't touch me...I'm going to Disney World!"
So let's not be TOTALLY unreasonable here. They did what the rest of us did. We let them.
So here we are. We blew it. They blew it. Make you feel any better? The point is it's blown. We have to come together to fix it and we need to step back once in a while and remember how we got here.
Unfortunately there can be no more blind faith in Capitalism. That's sad. There has to be some kind of checks on the system.
The SEC is ill equipped to do that currently, that much is clear. The reason is that none of the brightest want to work for a government salary when there are million dollar bonuses to be had in the private sector. Without the brightest we have no ability to uncover what the private sector may be up to. They've gotten too good at hiding the cookies.


Arthuly Shaw   March 24th, 2009 4:23 am ET

2 innocent men were attacked by k9s in Bridgeport Connecticut one guy was mistaken for a drug dealer and was hand cuff when dog attacked him when his father asked for badge number he was arrested for interferring 3 days earlier the other guy was attack while he was at wor in a community center were kids were playing bpt ct residents want to know if the cops are sicking the dogs on people or they can control there dogs and is it a crime to ask for badge numbers both men were african americans and all white cops there is a rally in bpt ct on 3-26-09 at New Hope Baptist Church on park ave at 7pm the same day the father and son goes to court at 9am on golden hill st in bpt ct


James In Kamiah, Idaho   March 24th, 2009 5:34 am ET

Wow Joe, that's an incredibly insightful essay you've written... I knew.

I knew and wrote in about it frequently.

But who the hell am I? Just some guy on a blog. Sure thsi stuff is fairly predictable. We did have an internet bubble after all. Don't they refer to America as the melting pot? Wonder if that fits for more than nationalities? Hmmmm. Think there are other bubbles out there? How bout the insurance investments bubble? 😉

I knew. You may have known. Who the hell are we anyways? Nobody.

Here's the deal with blame though. there's more to come out, more to the story, and people naturally want to know how to avoid this in the future. To do that however, we need to know exactly what went wrong and when, and with whom.

It's all relative really. The same flaws you see that happened with the credit and loan markets, the securities, the investments... those things all bear signs that appear throught history. Those same signs move throughout the debacle in Iraq, the unjust kidnapping under color of authority in Iran and even in the littlest false arrest in America when someone is arrested on trumped up charges.

Here are a few of the signs to look for... Any charge that is based more on the reputation of the one(s) making the charge, rather than objective evidence and fact finding, anytime a possible consequence is downplayed based on common arguement fallacies like a hasty generalization, false analogy or ad hominem attack, and anytime someone says something to the effect of, "We don't have the evidence now, ut believe me, it's there and we'll get it."

Add to this as you will. And no New World Order conspiracy theories abotu clandestine organizations hiding in the shadows unless you keep them centered around specific individuals.


Bala Mohammed   March 24th, 2009 5:38 am ET

I think is quite early to criticize or praise the gain of the plan.


Shane   March 24th, 2009 5:59 am ET

It's a pity that the rest of us in developing countries have to suffer because of greedy capitalists from America.


kenny   March 24th, 2009 6:22 am ET

it may take all 4 yrs of Pres Obama's 1st term..we need to be patient,,at least he's not on vacation like GW Bush who was on vacation 1/3 of his presidency..now they are hosting dinner parties bec he wants 300 MILLION for his library...I would not do this, I would put this project ON HOLD until the economy & country are doing better & the troops return home !!...


Patrick from Bäle   March 24th, 2009 7:17 am ET

Where do you get off asking a question like that? What, are we qualified to even venture a guess at such an answer? It's just a provocative question and it has little purpose but to stir up frenzy and perhaps to "sell papers." It's just as ridiculous as when you ask all your "distinguished" panel menbers to 'speculate' and comment on crisis situations from, "soup kitchens to Madoff nuts." It's mostly opinionated rubbish. I have rarely seen, even on the, "best political frenzied family on television," an objective analysis. Anyone can speculate on anything. When it's decision making time, what happens to all this innuendo, speculation, opinion, and comment? It seems to dry up or throw up! Opinions end up jockeying for political or personal gain, and everyone seems to be running for president already. Others are mostly embellishing their own egos. They want and need to stand out on the so called "distinguished panel" circuit and they get paid and paid and paid for what? This is eveyone's crisis and everyone needs to do his or her part for the whole an not just for their own personal crisis or advantage. Perhaps many of these commentors are so, even unconsciously, insecure about their own, their party's and their family's future, that they'll do and say almost anything, no matter how "true!" Still, for the wrong reasons, they blindly fling themselves into the world of "talk" show commentary. Does it help the situation? It's like blood suckers, sometimes, when applied to specific problems, they help but they're still blood suckers. It's so obvious that it makes one ill. Why don't you give those who stir up the most controversey a "bonus!" That would fit right into the mind set that isn't able or willing to truely make an unbiased, impersonal effort to help our nation or our President to deal with this crisis.


Robert, Wappingers Falls, NY   March 24th, 2009 7:24 am ET

The stock market and housing surge is a fluke and we've become addicted to flukes, whether upward or downward. We have 'engineered' our economy into something like a hybrid car with oval tires, loose steering and a succession of clowns at the wheel. The battery is dying and the tank is running out but we can still get a bit of a surge if one of the clowns steps real hard on the pedal.


Terry, TX   March 24th, 2009 9:46 am ET

FLUKE....the money from the 1st Pork Job Bill, the Omnibus, the printed trillion, the trillion to toxic assets and the trillions being blown on the Budget for next year..... have not even gone out.
Let's not forget about all the scandals we will hear about.


Will L.   March 24th, 2009 2:45 pm ET

To Patrick from Bale,
Some of us are qualified to answer this question, just maybe not you. There are some good professionals that have responded to this question, including me. The only reason why you dont think we're qualified because most of the american public lost money last year. I made several hundred percent in the markets last year. So before you get off saying that we aren't qualified learn who youre talking about first. Just like on CNN when they said the toxic plan will be partnered and aided by professionals on wall street, then everybody went , "Oh NO, aren't they the same ones that got us into this mess?". Well that is far from the fact PIMCO and Blackrock didn't receive any bailout and MADE money last year, and weren't overleveraged. But then again CNN DIDN'T know who they were talking about.


Brad Ross   March 24th, 2009 9:21 pm ET

I can't watch any more without saying something...as a Canadian..with government.medical health care....we have provincial medical care in.... Cananda .......the people giving the American people info about medical in Canada are not giving you the facts.....our medical care system is a good one....people in Canada don't go broke or lose their house or have to take a second mortgage to pay for good health care....we don't have to wait for months if we are in real need today....it costs a normal family for basic coverage $ 108.00 per month that doesn't cover perscriptions etc. but what it does cover is seriously expensive like cancer treatments or a bypass operation or hip or knee replacement . ... the private insurance companies in the States have control of the costs....etc......health insurance should not be private because a persons health care needs should not be left up to an insurance adjuster who has profit as a motivation...in the modern world most industrialised country have good health care systems...you need to listen to Mickel Moore.....but it seems that know really wants to know.....I am going to get some more cost breakdown for you and you can see for yourself...your system is out dated .........and not caring about people.....I will follow this up with more info...we don't wait when we are in need...doctors make a good living .....etc. Brad


Dan   March 24th, 2009 9:30 pm ET

It's a fluke!

People who have homes and jobs are taking advantage of the lower housing prices.

The rich are getting richer and the middle class is suffering.

Where are the jobs? The economy won't get better unless the unempolyment gets down under 4%.


Eric   March 24th, 2009 9:45 pm ET

The fact that he makes the effort to communicate to us as intelligent human beings makes me feel optimistic about his plans. Keep it up Mr
President!


Debbie   March 24th, 2009 9:50 pm ET

Our President Obama is doing a great job. Everyone should look at all of the problems that he inherited and he has only been in office 60 days. We must be realistic with everything that the adminstration before him left on the table. Everything was messed up. So let all of us pray for him. Again we all must do our part to help with the economy.


Dr.Glenda Wexler   March 24th, 2009 9:50 pm ET

President Obama is doing a great job. No doubt his team and the President are working diligently and bring intelligence forethoughtfulness and an integrity to the Office of the President that contrasts resoundingly with the faces and voices of the last administration.


elloise   March 24th, 2009 9:54 pm ET

in no way is the end near. for the end of this crisis to be near we would have to be living in the only the utopian community to have ever worked out. at least now we have someone in the white house who lives in the 21st century and wasn't in his prime during the 60s that mean we can actually look forward instead of looking back. i'm eighteen and my plans for college have completely gone down the tubes since this recession started. i'll be lucky to get a job in the fast food industry with my 4.0 gpa


Edgar J. Lindsey   March 24th, 2009 10:01 pm ET

I am sick and tired of the media acting like they are seasoned economist with credentials that verifies their silly, unadulterated questions! The President has been in office a very short time and he has inherited one of worst economical situations in this century! We, the average public, GET IT!!! The President has a lot of energy and he has a great challenge that he must confront , HEAD ON!!! We have endured past Presidents who relaxed during serious situations and the press said nothing. Give "CHANGE" a chance before you start making negative comments!!!!


Kerry Morris   March 24th, 2009 10:03 pm ET

For the first time in eight years, you have a President that isn't an embarasement world wide. He isn't proposing to invade an axis of evil, or to quell a regional uprising by employing pre-emptive nuclear weapons. He didn't bring on the economic mess, but he's getting blamed for it. He has brought in a series of reforms which are being well received in the markets, which now appears to have the media up in arms. For some reason, you now appear to want to damage the goose that pooped the golden egg! why would you want to do that? America used to love a winner. It made them, it liked them, and it rewarded them. Why now reject them? Why not just say thankyou Mr President and be pleased you finally picked a winner. Be happy! Kerry Morris


janette tx   March 25th, 2009 12:10 am ET

rick,rick,rick,rick,rick,rick,rick
How many questions did you have for Bush
while he made his mess.Run for office and
fix it yourself or SHUT UP!!!!!!!!!


j jones   March 25th, 2009 12:38 am ET

No we are not at the end. What we must realize is that our country has been in turmoil and Pres. Obama inherited this mess. He could have taken another course and avoided the mess like our previous president. Instead, Pres. Obama came in with his sleeves rolled up, ready to take on the challenges. Its ironic how critics have zoomed in on him with great criticism. Where were you over the Years??? Let's except the challenge and do our parts to get our country turned around.


Delories Lincoln   March 25th, 2009 1:30 am ET

As the President says, we are on our way to recovery. I don't think it's an end of our economic crisis, but it is a start. GREAT JOB, Mr. President. Great job. As he always says, we didn't get here overnight and we won't get out overnight. I support him 100%.


Tanner Schelle   March 25th, 2009 1:09 pm ET

Larry, you are very good at what you do, but I have some information that will maybe be very usefull for your UFO and extraterrestrial topics. I may have found the answer. Please contact me. Thanks, Tanner


2 seniors   March 25th, 2009 2:46 pm ET

from 2 seniors almost 80 yrs, we did not think we would live long enough to see GWBush leave..it's been a very difficult 8 yrs...Pres Obama is refreshing..we give hm the "thumbs up"..have faith America ! we were born when Herbert Hoover was pres. American people made a bad choice..why didn't they vote for Gov Alfred E Smith ? because he was a Catholic & an Italian..sadly & our parents suffered, the entire country suffered.then FDR came into the picture...so there is sunshine after the rain America !,


sean brizendine   March 25th, 2009 6:03 pm ET

larry you need to change your blog format and show viewers the actual comment in print on screen and show the name of the person who sent it.
"sean in santa rosa"


Dr. Dennis Molloy   March 26th, 2009 11:16 am ET

OK, they want some new ideas. Here's a few. #1 Take away the 10% penalty for early withdrawal from SEP / 401 K. People need their reserves now, why further penalize them! #2 Go back to the 3 year income tax averaging that was prevalent in the 70's. #3 This is the big one, increase the ridiculous $3,000 capital loss limit. Good Lord, it's going to take people decades or centuries to write off those losses, never going to happen in most people's lifetimes!


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