I heard you discussing with a hood Dave Cohen this morning -- about creeping ice yes well I use my credit card to scrape. -- a lot of high school are Monica are you added this morning so while the woods up there was I think twenty when I got up from Washington parish there Kosovo -- But I guess scrape it off but as far as the driving -- polian. -- clear sky it's amazing how quick the -- Over the weekend had a big full moon is gorgeous young animal's -- half already had to -- bitter cold -- but -- you don't hate. 37 yeah obviously it and Armstrong international airport wind -- 32 yeah. So it's it's -- And we're gonna barely struggle into the fifties for today. What's the guy's name on the weather channel -- yes they got -- usually around when you know you see him back yard during hurricane season always is for you know it's gonna get this is a gym Kantor can't get hit like device and ankle deep knee deep water yes rigid colder Wally had to -- in Duluth Minnesota this morning for a very. And can't beyond the weather channel what was he doing there close it was as Colson was of select snowblower around. And he said it was 21 below. Things almighty up. Case and he he had his stuff on his nose like. I guess I dislike some kind of defrost and so his nose would freeze but he actually I it was just think he had little cup with some water. -- threw up in the year in a frozen before and all my goodness -- I still like to live there are no strikes and what's the coldest place you ever lived. Might be here yeah this seems like it is he here in New Orleans it isn't. It's -- you know because of the humidity that can't be held -- yeah it's your call and everything else but it out outside in the war is never lived anywhere where you thought it was really. Just unbearably cold I've I don't know how people can live in the -- Drama -- superior. Duluth came -- and get. They give you their -- call lake effect that so. Comes off of the link. For the coldest place you ever lived just for the heck of it when I was 26187. To Arizona when I was a kid I lived in in Germany per couple years and I remember clearly that the Baltic. Froze over. And there were cars riding around -- them all -- yes and so that had been real cold. While -- had a report this morning that the Chicago river froze over. It's like no one degree and Josh Rossi always comes up about Lindsay thanks. He looked up held Michigan course held -- in this one degree above zero and help so. -- Colder in -- this morning isn't quite over yet we do have 37 degrees so tomorrow's going to remove it. Colder we won't hit fifty for tomorrow and and the lows on the north shore. Again for tomorrow will be well below for a freeze and -- 29 degrees now. On the north shore. So wise guy physical -- the coldest place that you ever lived where talk about the urgency now president elect Barack Obama weeks and days you will be the president. Of the United States yes you can tell the president elect delegates to elect so often that. But I'll believe it was on Monday. He was saying hey luck. He he actually warned us about the big long lasting consequences. If congress doesn't pump. That remaining what 305 Ry -- billion dollars. Out of -- the initial 700 billion financial bailout. I want to spend a little bit differently we're gonna talk about that today. But I think our question should be. I should we spend. More of these budget funds or wait and then try to really get some more rules and regulations on how expense. I mean do we really know initially were all that money went. Remember the auto bailout. Where Iran.
immediately thereafter. Can I know including new yeah we know what Somalia I was alone -- was a litre alone haven't burst created fifty billion yes that was not alone. Probably best the money that they took us to build thanks so Ryan and the first thing they were gonna do was just absorb almost toxic down. Loans out there. Do that and then we found out that so many that bailed out banks and gave their executives -- big bonuses member. And there's some of the CEO. Pay off. Almost scandal after that first 300. About -- we just think that the next 350 billion who have little stricter regulations on how it's gonna be specs. That's our question you just call 26187. To thirteen past six. On WW LI MF Simon dot com so -- urges. Is this a money needed just for additional bailout funds it is congress rusher delay. The into the -- your remaining 350 billion dollars that is are pretty jaguar opinion poll question and ransom guests a sense a senator David bidders going to be his.
Going to join as he'd like to slow this train down and look at a lot of caveats to this particular amount of money. We'll also talk to one assistant professor of economics and finance and department's yearly UN knows saying. -- be -- need some rules we got a much -- quickly with get this money out there.
I'm very good how cold is cold Republican around fifty today we have 29 degrees in the north shore. At a time when NASA was telling me he was watching the today show. And that they whether people were saying -- live here in Chicago on its. You know temperatures a single digits it's freezing him. But if you live download along the Gulf Coast a lot warmer temperatures down there they're going to be in the fifties and they cut in for the local break. And we come on saying his freezer that it so how cold is cold I don't suck the Jane she says she lived there real cold place hi --
Hi good morning -- and valued and toilets and these guys every morning on the way to work with ninety GG like that. I'm in -- has -- and I drove to Alaska. And we went on -- but from brand to Michael please widget you aren't at bank branch and its fourteen below everywhere -- cabins with our little babies get. Breathing in the Harris. They -- I bishop we drove our cars that are out there the frozen -- It would just what about the snowmobile it was just show. Well we we spent not the time in the cabin but how that money it's the --
As well at a video Monica shiver and yet I just thinking about that's what -- and the purpose of driving to Alaska.
We went up -- insurer and to our try to establish residency as they get on gas pipeline. And yeah out his family -- parents were up there on loan from Exxon off work on the pipeline and you know we did we had family. Out there for a lot but it since we got up there elected -- to believe the ads that. Did the job how long did you stay in the pound. Unfortunately. He did not get -- it we did you know have really good job then we had children out there and 88 ears and came back. Years unless -- it was great it was gorgeous day to really get quite god country and bear it ever get a chance to go idiotic.
I've been there three times -- put in the summer not remember them there in the wintertime. Yeah lot wetter climate. And Alaska thanks to thank you have a great day -- They also I don't look.
And then what I hear the gun salute and I talk about what I political bad we're -- a -- bucket compared to other. You know political -- there for awhile and you know approach -- actually had and -- the out of -- around January for about three weeks. Who's got millions and friends because and I AM candidates if you lose about. -- One night by degrees good night opposite -- a lot of audited a hundred degrees drive.
There's a few hosted -- lived in Chicago for a number years. And you because you're on the -- got -- heat and humidity Summers a Chicago can sometimes be as honest here with the humidity.
yeah and who does -- good emphatically when you cross industry you know you have how well you -- you're really call for what about that that all the sudden you. Get caught street that north welcomed there was with the good the way it does special -- you know we come right through your blog.
A little late I had had that's not bad about the heart in the -- the caller on the build an in almost knocked me down.
You get down in Chicago the other end of Michigan avenue don't actually have -- On this long Michigan avenue that you can hold on the ropes -- crossing you know get -- always hit the senator down it's called it's called.
Morning -- He probably alert do so.
Thank you authorize 23 past 6 o'clock here on the video. A former world you know it's -- Michigan. That is what possessed you want to Saints fans go figure a little football game seventh Soldier Field. Police found nothing the last in the winner for mathematics and I think as you get more into the interior parts of the last fifty wars. No basically some of the city they have but we actually plugged. Your car and with the music life you just can't leave without silent Verizon. I don't know brought temperatures down you know 3040 -- book. But I -- advice. On the north -- this morning we do have 29 degrees or 37 degrees at Armstrong. International airport Bob -- journal. And the Monica -- here replace some of what Barack Obama had the same Monday. About what he intends to do. With the remaining 350. Billion dollars of that 700 billion. And that's a financial bailout fund and do you think we should just.
Let them go -- let them you know turn him loose or you know take a real good look before -- that -- on some new regulations on how the money should be spent. We'll take some comments on that 261870. WW early MF seven dot com so how cold is cold is no relevant yeah -- compared to other. AM like you love you're in Colorado for how long more than Bob go.
Monica I'm Bob Marcum. I was about 3536. Years ago are I was a manager vote standard oil and gas station -- And in July that opened up like right before sunrise. It would be eight degrees. In July and July -- I can't believe it I'll definitely don't you haven't seven or 8000 foot altitude -- yeah yeah yeah and the -- and suicide rate was -- there because to win was always -- through the valleys and stuff for much 44 -- five miles alone so. He would just guitars were part of that they'd go jumped off the cliff social. There was so unreal.
We'll -- oil companies now have a lot of slow oil expiration gas exploration in Colorado a lot of our. Louisiana Mississippi people who work offshore. Are now. Travis -- the same DOE traveled to Colorado. And you work I think three weeks on. And then to come back home for three weeks here which was becoming you know in the summer probably be nice earlier in the streets Ellison now in the summer you gotta put it was still league degrees.
I don't know how to -- I ever felt it was forty below zero. Oh my goodness. Just too much know that when they hear you witness win for no reason near close bookstore with a windchill factors -- the -- going behind this 630. I think the police a common source Monica and no background there listeners who listens for a win Indiana. -- Yeah -- or figures don't you why are you -- like your cold oh man book year old stomping grounds can be minus twelve tomorrow windchill of thirty below. Yeah I used to working for -- pair -- look you left. -- interpret it took the -- whichever road this morning and she looked up at me like you have got to be greater. And zero it's like -- never chiller is that the actual temperature actual remarks quote the wind -- third. -- tomorrow where we'll get a blister watch. Sweet you know what I remember the most was the Amish people. The -- crazy they don't they don't stop at lights they just keep --
Yeah but now in Oakland what do they were all like all bundled up in -- and -- Yes and I don't think wonderful -- look you're on behalf. Good morning you -- their -- worry we'll know below zero silica Barack Obama I had to say on Monday. Pres like Barack Obama says they're going to be changes. In how the second half of this was a 700. No lives of the -- billion remaining dollar bailout is going to be spent.
It's.
And the president elect also says that the handling of the bailout money has been troubling dust farm.
Many of us four. --
And friends here. Failure to impress home and spend.
So that's why we're asking the question this morning should congress' rush out on the rest of his bail out money. You know the president -- he gets Syria will be the president of the week from today and you heard what he wants to do that what would you suggest. On how the money should be spent. Let's take some calls on that 261870. He he did I think somewhere in that mentioned. Helping out small businesses. Yet to my ears perked up when I heard that and we and that's who we are all about here. At least in the war on -- south. Many small bit of businesses. Could use of the money let's see what else he had the same. I hope there would be irresponsible.
And so what's so take some calls on that there are folks who what do you think should we Russia -- this whole thing. Now Larry Summers is president elect Obama's choice for the national. I economic counselor director and he says he's all for tougher restrictions. And more transparency and how the money is spent. I think were all format considering what happened to look. That first 350 billion dollars especially when build out these these banks yes -- idea was -- the big -- and then. No longer too little banks and eventually you'll get to the consumers but didn't. Kind of -- if you end up that way. Because that many of the banks that got. The taxpayer bailouts awarded very. There there's CEOs and top executives' salary bonuses. Other kinds of big benefits. We had a guy from Goldman Sachs he took called 54 million dollars last year. And then the other guy from Merrill Lynch -- CO 83 million -- so there needs to be transparency. But how would you like to see this. This remaining 350. Billion dollars spent. You did -- agree or do you disagree. With Barack Obama's saying hey I don't want to delay I want to get this morning get a movement. I will take some calls to 61870. It's 20 minutes before 7 o'clock AM WWL Bob -- drawn Monica pier had sold but colder today than yesterday we're -- struggle.
Fifty and I cooler tomorrow holds up very well. How urgent is releasing the second half of the bailout funds the president elect says do it right now also asking you this morning should congress rush are delayed another 350. Billion dollars. And what you do with the remaining money and Bob we have our day they -- is a great suggestion hey --
Good morning. Yeah outlaw -- straight that it it every mortgage company. -- credit card companies there restore the elderly credit card. If you cut the interest rates you have. You would probably put a lot of money back into the people's pocket and they would -- spend it. I want I have been -- you know.
How credit cards so interest rates and credit card and then you'll buy more. Yeah I got a very insisting on credit cards started maybe you have one too I received a letter just Monday. I I have been carrying this city business credit card for years. And I used to use it. And because only have one -- two cars -- usually only use credit currency before. Purposes of going out and dining traveling and so on song got. -- a platinum visa card they use for most of my business because they give me. At the end the year at an audit. Of exactly where almost money spent -- like to stick with that one there. But anyway get this call in the serve this letter. From city business for this massacre -- saying that because I have to use the card. They're canceling on me I yet you don't -- the know about that that you don't use it you active. They cancel have you any yard there it -- a such well in fact. When I started reading it said. I think that the cut off date was January 17 solid a couple of days left but they reduce my credit card -- You have no credit limits are eligible and it said. Because the cart is inactive you know use that we're canceling it as of January Mr. Bush about what was your original low limit. Oh man it was really it like they pray and all of you -- use that at all because I don't you know I just don't. Any any credit currently American Express business that I got from my travelling jetBlue American Express but at the end of the month. You -- I to avoid the interest I just Pamela absolutely a love that which is you know and I'm very fortunate to be able to do that I'm a lot of people he had just can't. Credit cards -- have what's the latest on credit cards what do you hear from them I thought it was very usable apparently you've heard no -- fine -- that you did -- I looked at the small stuff out. So because then -- spent an active there's going to cancel it you know which is fine with me take you -- it -- be my -- let's go to -- Tim hi Tim Bob Dole drama.
To be. A good morning Bob -- and I'm a -- country and it Indiana that your last night but they would bet 350 billion dollars. I don't know how many older and foreclosure United States but what it each ultimately than foreclosure repeat them their money they 100000 dollars. I would keep those people.
And there -- and the money would be back in the economy here.
Or at least pay him up today yet get him out could -- get -- current yeah so big at least give. -- opportunity. To get back on their feet -- a great idea yeah yeah. I that's good idea. I appreciate that yeah we're talking about small businesses while. The president elect is talking about your in the in this cuts are possibly helping community banks like local banks here. Yes so they could then indeed in return loan money. -- to 22 local businesses whatever you have to get the line of cash the currency flow lanes pursue these small businesses -- to get their line of credit available in things like that but then again wasn't that the idea for the first 300. And particularly those toxic loans -- to -- market I think politics more -- 26187. To twelve minutes. Before 7 o'clock on WWL it's cold 29 degrees on the north shore 37 degrees at Armstrong. International airport will hit about fifty with -- states don't.
September this program. And again is -- elect Barack Obama by a response to the first 350 billion dollars of them bailout money a lot of want to debate. And then he's absolutely right. You know here it sounded -- the financial system is still frail. -- EU you watch the stock reports. A stock market has it been just covering Madonna oh around 8000 market kind of goes company goes down but there hasn't been any significant. You know good news is finally economy oh yeah that is -- not really that good let's go to bill -- Lampe an Oscar morning bill welcome -- a BL AM FM dot com.
Eight and Lauren Bubba Monica glad to talk to the U. Well one particular opinion about when to release the money the federal bailout aid. And how we're gonna use it you know I keep hearing the stories had just heard what your caller earlier talks about what -- a 100000 dollars -- Every homeowner that's an foreclosure. And you call. Talk from the common little bit and I certainly appreciate that looms large figure yeah. We just bring him up to -- certainly under there and pardon me think shell I haven't missed a goal until you hold my work you know pretty darn hard to keep the family supported. And -- MI of he you know this there's did -- not planet right so hey maybe a fight crime just try it. I can get a bailout to an -- They're not have to worry about paying for my house sir significant portion so part of me had -- not necessarily suggesting this. But I am sure I'm not alone and -- bureau of the listeners feel the same way part of me says. Maybe we will never release the money we let the economy except for for a little while and I have. Single and realizes -- I've got to be responsible for my bills and my whole -- I have to act responsibly. Not run out. You know huge credit card -- it is that these are you getting any response -- callers about back kind of I don't know attitude or are important as a bailout situation.
And then -- people totally agree with you but what happens when most people on your block away foreclosure what happens to that house -- have been making those famous sock and in the value of that particular house.
I understand it's gotta be it's going to be painful for everybody whether I'm being responsible for my goals or not we're we're all gonna suffer. And no question. I guess -- you you have to kind of put sort of the reasonable man theory behind this. And and draw a line somewhere at some point there's going to be no incentive. To work. If half the country's working and and paying for the other it's not. It would -- take its -- not a statistical line that he'll RS says it's 40% of Americans pay no taxes. But that's a large.
drill everything everything which is saying is true. And for those of us who do who do have the responsibility. And pay our bills plus compared to what happened after Katrina. What about the people who every year paid their insurance premiums. Are made sure that they and insurance on their property. -- flood insurance did everything the right way after Katrina. Those people had to fight just to get. You know the money to rebuild never got any road home money or anything had to do it all on her own while there are others who did not. For one reason or other you know yeah I hate they did they were a lot better off than awesome cool and private took care of our business story should have been take care.
Very sad commentary to shoot people who have no problem paying bills standing in line but the free handouts of food vouchers is pretty ice all of those things. And I don't know maybe they have -- sort of way they've got a generator but how they're doing okay but border by an outline interpreted or whatever and and others. -- at it and those who legitimately need some help. It's very difficult to.
Are not ever when I was gonna make how how can we be Solomon in this we don't always know what the right answer is maybe the wrong answers to do nothing. How much of the right action is the right answer how would you I don't know.
And how do you respond to some people say whoa -- hey we should that we should share the wealth. Should share the world.
Certainly you're you know what I I think back got to vote you'll from player with a conservative columnists and Coulter I'm not a big fan of hers. I don't I'm kind of in the middle I would -- leaning conservative a little bit but I'm very wide open and all of my views. On sharing the wealth. They eat anything that makes someone help a little less incentive to give up in the morning did an alarm clock don't clean themselves --
Get dressed go out by the job workers' jobs be productive basically takes something away from that incident might not be a good thing. I kind of agree with.
Like much in the brutal -- well being is in charge of your own life is what we really all about his human beings where you lead you follow or get out the way. Pretty good about your wife your wonderful and I think he's at once it. Quite yet he said makes so much sense. But crystallizes. Course of action. And our question this morning should congress is a rush -- to present like want to do it. With the rest of the 350 billion dollars of bailout money or should we wait to get some tougher rules and regulations. On how -- spent. Next hour we're gonna talk with the US senator David -- and he says I'm I'm I'm -- Russian out for anything. And should do this money you know what we're doing would be more transparency. In the process they changed.
