This program is about 1 hour long
(White House: Ed Henry) The federal stimulus money, the mayors and President Obama featured. [With the mayors, OBAMA - opposes wasting federal and local government money; says recovery.gov will show how the money is being spent; states he will not tolerate any shortcuts.] [Miami Mayor Manny DIAZ, San Francisco Mayor Gavin NEWSOM, Charlotte Mayor Patrick McCRORY- comment on spending the money.] What the president will do next week with a state of the union-style speech to give the American people some confidence discussed.
(Studio: Anderson Cooper) Live discussion held with CNN's David Gergen and Joe Johns and HLN money expert Clark Howard about the banks. [HOWARD - says nationalizing the banks is the right thing to do because the big banks are "zombies" that received massive cash while still having toxic debt; states banks are under water like the homeowners.] [GERGEN - agrees we are in unchartered waters with the idea of nationalizing the banks, but it would wipe out private investors in the banks; suggests the administration have Paul Volcker come in and help with nationalizing the last resort.] [JOHNS - outlines the scenario for nationalizing the banks.]
(Studio: Anderson Cooper) The reaction of the man on the street to how all the federal money will be spent reported. [On the street, two PEOPLE - react.]
(Washington: Joe Johns) The money, transparency and accountability for spending examined; details given about the recovery.gov Website for tracing the spending and the holes in the safety net where money just goes to departments where it will be doled out like earmarks. [Taxpayers for Common Sense Steve ELLIS- says "phonemarking" exists in the shadows; talks about the Army Corps of Engineers money.] How accountability is being backloaded discussed.
(Studio: Anderson Cooper) Report introduced.
(Atlanta: David Mattingly) The reaction to Obama's tone about the economic crisis examined; details given about the take by former President Bill Clinton about how Obama is selling his plan. [CLINTON - says he would like Obama to be hopeful.] [Hart Research Associates president Geoffrey GARIN- outlines what the people want to be told: that you cannot talk people out of bad times.] Findings of the CNN poll on Obama as a strong leader cited. [With the mayors, OBAMA - says we have asked for the people's trust in dealing boldly with the economic crisis.]
(Studio: Anderson Cooper) Live strategy session held with CNN's David Gergen and Joe Johns and HLN Money expert Clark Howard about the economy. [GERGEN - says both Presidents Franklin Roosevelt and Ronald Reagan had a sense we were heading in the right direction and Obama should do a pivot and look at the road up.] [HOWARD - says the reality is we have an economy out of kilter and the excess has to be worked off, but Obama should talk about the vitality of American capitalism.] [JOHNS - talks about the drop in Republican support for the president.]
(Atlanta: Gary Tuchman) The foreclosure court in Ft. Myers, Florida, featured; scenes shown of cases being heard in rapid fashion ala the "rocket docket"; details given about the housing situation in Ft. Myers. [Homeowner Casey McNEER, Patricia VALVERDE- tell their stories.] [Lee County circuit court Judge Hugh STARNES- says it is a procedural response to an overwhelming number of filings.]
(Studio: Erica Hill) A U.N. report on Iran's ability to make an atom bomb; the call from Illinois Governor Pat Quinn for Senator Roland Burris to resign; new pictures of con man Bernard Madoff in his Manhattan apartment after investigators found he bought no stock for his clients for 13 years; First Lady Michelle Obama's tour of government agencies and the death of former White House cat Socks reported; scenes shown of Madoff in the window at a computer. [OBAMA - says you hold us up.] The Madoff thing discussed.
(Washington: Tom Foreman) The reaction to the housing bailout featured; quotes from blog sites cited; scenes shown from CNBC of a reporter's rant; details given about the problems of determining the actions of a homeowner who failed. [Homeowner Bruce TIMBERLINE- blames the Democrats.] [White House press secretary Robert GIBBS- asks the ranter to read the plan; states some who made bad decisions will get helped.] [President OBAMA - says this plan will not rescue the irresponsible.] [FDIC chairwoman Sheila BAIR- says we are in this together.]
(Studio: Anderson Cooper) Live discussion held with "Money" magazine Donna Rosato and HLN money expert Clark Howard in response to four viewers' questions about the housing bailout. [HOWARD - says one part of the bailout allows people who are paying mortgages to refinance their mortgages; outlines the provisions people will go bonkers about.] [ROSATO - explains who the Obama plan is aimed at: people who have not gone into foreclosure yet.] [HOWARD - says unemployment benefits and food stamps are there to be used; offers advice on dealing with credit card companies.] [ROSATO - outlines what banks may do in trying to get ahead of the new regulations.]
(Studio: Erica Hill) How the economy is ruining people's sex lives while the sex business is thriving featured; "The Daily Beast" poll findings on sex in a financial downturn cited. [On the street, MAN; sex therapist Laura BERMAN; WOMAN - explain how stress kills sex.] [Psychotherapist Jonathan ALPERT- says Wall Streeters are using sex to numb their anxiety.] [GUY - says what else can you do but sex.]