with a b, $51 billion price tag. it s bankrupting cities. it s holding cities hostages hostage. you ve got leaders, civic leaders who just have to throw up their hands and say we can t be a part of this anymore. which is why you see fewer and fewer cities that have actually even gone for the games. something that used to be such a crown jewel, to be able to say you hosted the olympics. i love the olympics. i ve covered them since 1984 in l.a., and i do think they re a great thing for a city, but it s just become so difficult, so expensive. the international olympic committee demands they want all kinds of first-class hotels and this and that and the other thing and it s just not commence ate, frankly, with the way the world is now with economics, with the environmental concerns of so many places, so many cities around the world and so many countries, and i think that s what you re seeing as this just kind of has reached critical mass and people are saying enough is enough. right.
winter games in 2014, 51 billion with a b, $51 billion price tag. it s bankrupting cities. it s holding cities hostages hostage. you ve got leaders, civic leaders who just have to throw up their hands and say we can t be a part of this anymore. which is why you see fewer and fewer cities that have actually even gone for the games. something that used to be such a crown jewel, to be able to say you hosted the olympics. i love the olympics. i ve covered them since 1984 and l.a., and i do think they re a great thing for a city, but it s just become so difficult, so expensive. the international olympic committee demands they want all kinds of first-class hotels and this and that and the other thing and it s just not commence ate, frankly, with the way the world is now with economics, with the environment app concerns of so many places, so many cities around the world and so many countries, and i think that s what you re seeing as this just kind of has reached critical mass and people a
i m erin burnett. outfront tonight we have breaking news. a surge of the day. stocks just jumped to the moon. dow and s&p had their single best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. the ebulliance. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to
best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. the ebulliance. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to the economic precipice that a little sweet talk sends stocks to the moon? outfront tonight, doug holtz-eakin, and robert reich, author of
outfront tonight we have breaking news. a surge of the day. stocks just jumped to the moon. dow and s&p had their single best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to the economic precipice that a lit