American Morning

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March 23rd, 2009
09:00 AM ET

Obama's grassroots troops

 President Obama's grassroots supporters are back in campaign mode. CNN's Jim Acosta reports.
President Obama's grassroots supporters are back in campaign mode. CNN's Jim Acosta reports.

President Obama won the election with the help of a vast network of grassroots supporters who organized online and then took their message to the streets.

Now the President is calling on his volunteers once again... to sell more than a campaign.

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Filed under: Politics
March 20th, 2009
10:00 AM ET

Ron Paul: We're missing the point

CNN's Kiran Chetry speaks to Rep. Ron Paul about the outrage over AIG bonuses.
CNN's Kiran Chetry speaks to Rep. Ron Paul about the outrage over AIG bonuses.

There's been a lot more finger-pointing on Capitol Hill over the AIG bonuses.

But who is ultimately responsible and why did no one see this coming?

Congressman Ron Paul says it's because no one's reading these bills.

He joined us live.

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Filed under: Economy • Politics
March 18th, 2009
11:00 AM ET

What is shovel ready?

Shovel ready is the key when it comes to spending stimulus spending and jobs.
Shovel ready is the key when it comes to spending stimulus spending and jobs.

States are quickly assembling their construction wish lists. But it takes time to advertise for contractors, collect bids, check the numbers, pick a winner and get work underway.

A typical paving project - easy roadwork - takes close to three months from the time the money is approved to the arrival of work boots on the ground, according to the American Association of State Highway & Transportation Officials.

"It is not an instant process," says a spokesman.

President Obama and Vice President Biden know their unprecedented $787 billion emergency spending package has to put hard hats on America's streets soon - or their administration risks losing credibility.

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Filed under: Economy • Politics
March 18th, 2009
09:00 AM ET

Frank: Bonuses not deserved

Rep. Barney Frank says he does not think AIG executives deserved their bonuses.
Rep. Barney Frank says he does not think AIG executives deserved their bonuses.

AIG's Edward Liddy is facing a potential firing squad on Capitol Hill today. The CEO who's been at the helm of AIG for the past 6 months will answer questions about the bonus outrage.

Chairman of the House Financial Services Committee, Barney Frank, joined us live from Capitol Hill.

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Filed under: Economy • Politics
March 17th, 2009
09:00 AM ET

How to get your stimulus?

Maryland is inviting the public to see the stimulus at work. CNN's Jim Acosta reports.
Maryland is inviting the public to see the stimulus at work. CNN's Jim Acosta reports.

You’ve heard a few governors criticize the stimulus as “wasteful spending”. But Maryland Governor Martin O'Malley is so determined the stimulus will work, he wants mayors and other elected officials from across his state to see for themselves.

It's Maryland's response to the question: "where do I get my stimulus?" Come to a workshop, state officials say, and they'll tell you. At one of the workshops, we were surprised to find a standing room only crowd jammed into a packed meeting at the state capital... all vying for a piece of the stimulus action.

That’s where we met Jim Eberhart, the mayor of the small town of Perryville, MD (pop. 5000). He has a sewer project he calls “shovel ready.” The mayor just needs the money.

Governor O’Malley says the open process is a response to Republican critics who’ve blasted the stimulus as wasteful spending. In fact, O’Malley says his state could use a second stimulus.

Psst… don’t tell Washington… where talk of a stimulus 2.0 has slowed a bit.


Filed under: Economy • Politics
March 17th, 2009
08:00 AM ET

Hostage to AIG

Outrage and anger are the watchwords in Washington these days, and they’re directed at one company: AIG. That troubled financial firm has already received $173 billion in bailout money to keep it afloat. Now it is handing out $165 million in bonuses to some of the very people whose incompetence led to the worldwide financial crises.

The response has been swift and harsh.

“It’s hard to understand how derivative traders at AIG warranted any bonuses, much less 165 million dollars in extra pay,” the President said on Monday. “I mean, how do they justify this outrage to the taxpayers who are keeping the company afloat?”

From Capitol Hill came this from Rep. Barney Frank (D-MA): “These bonuses are going to people who screwed this up enormously.” His colleague, Rep. Carolyn Maloney (D-NY), told CNN that AIG employees “don’t deserve a bonus. They’re lucky to have a job.”

FULL POST


Filed under: Economy • Politics
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