The Economy; Ferraro; Obama's Pastor; Spitzer-Men in Power

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The Fed's bailing out Bear Stearns but Pres Bush gives upbeat economic assessment.  Are we in recession yet? After diminishing Obama, Geraldine Ferraro steps down from the Clinton campaign. After Obama renounces his Pastor's controversial comments, the Pastor steps down from his Chicago church. Plus, Spitzer's resignation: what's the trouble with men in power?

The dollar's dropping, the market's plunging and the Fed's bailing out Bear Stearns, yet President Bush gives upbeat economic assessment. Is it a liquidity challenge or a solvency crisis? Are we in recession yet? Geraldine Ferraro diminishes Obama and steps down from the Clinton campaign. Obama renounces his Pastor's controversial comments and the Pastor steps down from his Chicago church. Plus, Spitzer's resignation: what's the trouble with men in power?

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Credits

Hosts:

Arianna Huffington, Tony Blankley, Matt Miller, Robert Scheer