This program is about 1 hour long
(White House: Ed Henry) The administration's view of a dramatic change in the US economy with the bill passage and other moves to deal with a massive financial crisis examined; scenes shown of President Obama in Denver and from Lake Ozark, Missouri, where the Tuscumbia Bridge project was started; details given about Obama's plans to unveil his housing crisis plan in Mesa, Arizona. [In Denver, OBAMA - says today marks the beginning of the end; states we have begun the difficult work of keeping a promise; asserts we must stem foreclosures.] [Senator John McCAIN - says the housing crisis began the meltdown.] Obama's decision to send more troops to Afghanistan mentioned. The options for dealing with the housing problem discussed.
(Washington: Joe Johns) The unveiling by GM and Chrysler of restructuring plans while asking for more bailout money examined; details given about the importance of cutting the auto workforce. [GM chairman/CEO Rick WAGONER- comments on how bankruptcy was risky.] [In Chrysler conference call, vice chairman Jim PRESS- outlines three models not to be produced.] [University of Maryland economics professor Peter MORICI- says they have to tell us more about their labor agreements.] The question of bankruptcy for the automakers discussed.
(Studio: John King) Live strategy session held with CNN's David Gergen, former comptroller general David Walker and BET's Pamela Gentry about the economic stimulus bill. [GERGEN - says another stimulus plan is realistic because this plan is not enough.] [WALKER - says less that a third of this is stimulus and it us all borrowed money.] [GENTRY - says Obama has to get the money through the states to create anything.] [GERGEN - says the administration is facing a dilemma in dealing with the auto companies.] [WALKER - notes the problems with TARP and the same risk here.]
(Studio: John King) The dire situation on the state level introduced.
(Washington: Tom Foreman) The economic problems for the states examined; details given about the California budget deficit, delays in Kansas and actions taken so far. [California WOMAN, Kansas state senate president Steve MORRIS, National Conference of State Legislatures Corina ECKL- comment on the situation.] The word from the IRS that income tax refunds will not be delayed noted.
(Studio: John King) Live strategy session held with CNN's David Gergen, former comptroller general David Walker and BET's Pamela Gentry about the economy and the states. [WALKER - says it is controversial what the states will do.] [GERGEN - comments on the political calculation of scaring people to get them to act and now we have to say we are on the road forward.] [GENTRY - says the president has to rally the troops and restore confidence.] [WALKER - comments on how we have to do something on housing to end the spiral down of prices.] [GERGEN, GENTRY - comment on how conservatives may react to "cramdown" on mortgages.] Other material: [President OBAMA - says crisis could turn into catastrophe if we do not act immediately.]
(Studio: John King) Obama's plans to send 17,000 reinforcement troops to Afghanistan to interfere with foreign fighters and provide security for the elections noted. Live discussion held with CNN analyst Peter Bergen about Afghanistan. [BERGEN - says 17,000 troops is a realistic number as the elections come up there; states it is not realistic for NATO countries to send more forces into what has become an active war; analyzes the pros and cons about Pakistan's negotiations with the Taliban and what Afghanistan's President Hamid Karzai has said.]
(Studio: Gary Tuchman) The apology from baseball player Alex Rodriguez for his steroid use in 2001-2003; the financial trouble for Donald Trump's casinos; troubles for Illinois Senator Roland Burris about his dealings with Governor Rod Blagojevich and the charity auction for the gloves worn by football player Santonio Holmes in the Super Bowl reported. [RODRIGUEZ - admits to mistakes.]
(Atlanta: Gary Tuchman) The horrific story out of New York state of the beheading of his wife by Muzzammil Hassan, who started a TV channel in Buffalo for Muslim-Americans, reviewed; scenes shown from the Bridges TV station where the murder took place. [November 2004, HASSAN - speaks about his wife and the idea for the TV station.] [Orchard Park police Chief Andrew BENZ- says she was decapitated and had filed for divorce.]
(Miami: David Mattingly) What happened in the chimp attack in Stamford, Connecticut, reviewed; Old Navy TV ad shown. [Stamford police Department Capt. Richard CONKLIN- describes what happened in the attack.] [Wildlife expert Jeff CORWIN- explains what apes do not make good pets.] An earlier chimp attack recalled; 911 phone call played. Statement from the Humane Society of the US president Wayne Pacelle about the tragic attack quoted.