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ANDERSON COOPER 360 DEGREES

Bill Clinton Releases Foundation Donor List; Obama Under Fire Over Pastor Invite

Aired December 18, 2008 - 22:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


ANDERSON COOPER, CNN ANCHOR: We begin with breaking news tonight on the outcry of Pastor Rick Warren speaking at the presidential inauguration.
A new voice has entered the fray, Rick Warren himself. His Saddleback megachurch tonight releasing a statement saying -- quote -- "I commend president-elect Obama for his courage to willingly take enormous heat from his base by inviting someone like me, with whom he doesn't agree on every issue, to offer the invocation at his inaugural -- at his historic inaugural ceremony."

Pastor Warren referring to the firestorm his pick is provoking among gay Americans, their supporters and liberal groups. Today, at one of his almost daily Cabinet rollouts, Mr. Obama tried to explain his selection.

(BEGIN VIDEO CLIP)

SEN. BARACK OBAMA (D-IL), PRESIDENT-ELECT: We're not going to agree on every single issue, but what we have to do is to be able to create an atmosphere when we -- where we can disagree without being disagreeable and then focus on those things that we hold in common as Americans.

(END VIDEO CLIP)

COOPER: Well, that's one way of looking at it.

To critics, though, it boils down to a single world, betrayal of their rights and his stated principles. We will talk about that in a moment with our panel.

But, before we get to all of that, here's a new interview with Pastor Warren. Listen to what he told NBC's Ann Curry.

(BEGIN VIDEO CLIP, "DATELINE")

ANN CURRY, NBC CORRESPONDENT: Are you homophobic?

PASTOR RICK WARREN, AUTHOR, "THE PURPOSE DRIVEN LIFE": Of course not. I have always treat them with respect. When they come and want to talk to me, I talk to them. When the protesters came, we served them water and doughnuts.

(END VIDEO CLIP)

COOPER: Pastor Rick Warren, as we said.

Tom Foreman now with the controversy.

(BEGIN VIDEOTAPE)

TOM FOREMAN, CNN CORRESPONDENT (voice-over): The president- elect's choice of evangelical Rick Warren to do the invocation at the inauguration has outrage roaring through the media, especially from liberals.

"Legitimizing bigotry is weak."

"Mad, Mad, Mad."

"Face it, Progressives, We have Been Conned."

Warren is the founder of the enormous Saddleback Church in California and author of the best-selling book "The Purpose Driven Life." He hosted discussions about faith with the candidates during the election, but his views are strongly conservative. He's compared abortion to the Holocaust, opposes same-sex marriage.

He spoke to NBC's "Dateline" about his views on marriage.

(BEGIN VIDEO CLIP, "DATELINE")

WARREN: Why pick that word? I mean, I even have gay friends like Al Rantel at KABC who is opposed to using the word marriage for gay relationships. Use another term.

FOREMAN: Warren cites 5,000 years of religious tradition, saying, marriage can only be between a man and a woman.

(BEGIN VIDEO CLIP, "DATELINE")

WARREN: I'm opposed to marriage being used for a relationship between a sister and brother. I would oppose that. I would oppose the term marriage being used for an older man and a -- and a baby girl. I would oppose that. I would be opposed for the word marriage being used for one man and six wives or one wife and six husbands.

(END VIDEO CLIP)

FOREMAN: Obama's views on that subject are nuanced: against gay marriage, for civil unions and:

OBAMA: I am a fierce advocate for equality for gay and lesbian Americans.

FOREMAN: But, he says, he wants a government full of diverse views.

OBAMA: What I have also said is that it is important for America to come together, even though we may have disagreements on certain social issues.

FOREMAN: That's not good enough for critics.

MARGE BAKER, PEOPLE FOR THE AMERICAN WAY: Warren's rhetoric marginalizes, dehumanizes, and inflicts inordinate pain on particular groups of people who don't share his views or who aren't like him. And that seems just so foreign to what this campaign was about.

FOREMAN: (on camera): So, Obama finds himself in a sticky spot. In reaching out to the religious right, he has run afoul of at least part of the political left.

(voice-over): Staunch supporters are trying to quiet the ruckus, saying, remember what he told the opposition on election night.

OBAMA: And I will be your president, too.

(CHEERING AND APPLAUSE)

FOREMAN: He's just keeping a promise, they say, and he's starting on Inauguration Day.

Tom Foreman, CNN, Washington.

(END VIDEOTAPE)

COOPER: Well, it's interesting that, in addition, some evangelicals are criticizing Pastor Warren for accepting the invitation. There is some resistance, too, in the African-American community from people who want to see a minister from a predominantly black church giving the invocation.

Well, let's dig deeper now with CNN senior political analyst David Gergen, Hilary Rosen of "The Huffington Post," and political analyst Earl Ofari Hutchinson, author of "How Obama Won."

It's good to see you all.

David, I want to read you part of a statement by Democratic Congressman Barney Frank.

He said -- and I quote -- "Religious leaders obviously have every right TO speak out in opposition to anti-discrimination measures, even in degrading terms that Reverend Warren has used with regard to same- sex marriage. But that does not confer upon them the right to a place of honor in the inauguration ceremony of a president whose stated commitment to gay, lesbian, gay, bisexual and transgender rights won him the strong support of the great majority of those who support that" -- is this -- "who support that cause."

Is this -- was this a mistake, David?

DAVID GERGEN, CNN SENIOR POLITICAL ANALYST: No, not in my judgment.

Look, I -- I have enormous respect for Barney Frank and understand why he and many others are very upset, even outraged, about this. But I think we have to look at the larger picture. Barack Obama is becoming president of one of the most divided nations in the industrialized world, one that's been almost paralyzed in acting on a variety of fronts because of our deep, deep disagreements, and the way we vilify each other with the people with whom we disagree.

I think we should give this poor man a chance to try something new, to reach out across divides, to see if he can't find common ground among people who may disagree on some issues, but agree on others, so that he's going to do, as a president, a lot for the gay and lesbian community. He's a fighter for the gay and lesbian community.

I think we will see, for example the don't ask/don't tell policy of the military disappear under Barack Obama, a step forward in lowering barriers.

At the same time, Anderson, I have to tell you, I have known and talked with Rick Warren now for several years. And we have our disagreements over gay and lesbian issues, over -- over abortion, over a variety of things. But I have come to respect this man, too, because I think he has primarily -- what I see defining about Rick Warren is not his views on social issues.

Those are common to many, many evangelical preachers. What defines him is the fact that he's found -- helped millions of people. He's a bestselling author on this planet with "Purpose Driven Life." He has helped millions people find a religious refuge and -- and strength.

And, beyond that, he's fought very hard within the evangelical community to bring people on his side over to a much more progressive view of global warming, poverty, and especially of HIV/AIDS. He's worked very hard on this issue.

So, I think we ought to give both these men more -- a more generous understanding of what they're attempting to do. They're attempting to build bridges.

COOPER: Hilary, president-elect Obama insisted today that he is, in his words, a fierce advocate for equality for gay and lesbian Americans.

Do you believe that? I mean, on Proposition 8, he didn't really speak out very much. He made a statement, but his voice was used to mobilize people to vote for Proposition 8. And now on this, do you think he's a fierce advocate?

HILARY ROSEN, CNN POLITICAL CONTRIBUTOR: I don't know about fierce, but I trust that he's an -- he will -- he's an advocate and will be an advocate for public policy that -- that creates more equality for -- for gays and lesbians.

I -- you know, I -- I'm sort of fatigued with the explanation of -- of this issue. And I think, in some respects, the fact that we are still talking about it and that it still bothers so many people is emblematic of the fact that it -- it wasn't the right choice. This is not -- you know, I disagree with my friend David Gergen. I -- I think that both he and president-elect Obama just really don't get it on this issue, that it's not a policy difference. It is really a dehumanizing way that -- that Rick Warren talks about gay relationships, and that, if he were talking about relationships among any other people, he -- to compare gay relationships with incest or pedophilia, the way we just heard him do, is simply unacceptable.

That's not a policy difference, the way that the president-elect said it today. You know, if that were discussed by -- about African- Americans or Jews or anything, it wouldn't be a policy difference. It would just simply be unacceptable. And -- and -- and that's what I think people just don't get. This is not about gay marriage.

(CROSSTALK)

COOPER: Earl, what about that? I mean, if Rick Warren had -- had -- if you substituted the word black or African-American every time you said gay and lesbian, people would be outraged, no?

EARL OFARI HUTCHINSON, SYNDICATED COLUMNIST: Yes, I think they would be outraged. But I think people are outraged, too, even without accepting that or inserting that.

But I think there's two other things that I think are missing. We have to realize one thing, when you go back in time. Obama is not doing or saying anything different than he did and said during the campaign. He went to Rick Warren's church back until August. He sat down with Rick Warren and John McCain.

He talked about gay marriage. He talked about abortion. He talked about lesbians. He talked about all of these things. Values, morals and social issues, he talked about these things. He also said something else during the campaign and made it very clear: I am going to outreach to evangelicals.

Now, he knew full well chances were very slim that the -- the most conservative evangelicals were going to support him. And, yet, and still, he said that. He tipped that. So, it's not new. We shouldn't be surprised.

Is this unacceptable about some of the things that Rick Warren has said, some of his positions? Absolutely. But the other thing is, we have got to remember one thing. It's not just about building bridges and breaking down the barriers. Obama is a political animal. We have to remember that.

And, so, when you really put him in that context, none of this -- and I mean none of this -- reaching out to Rick Warren, Donnie McClurkin, who was also beat up on -- for being a gay-basher and a homophobe, none of this should surprise.

ROSEN: I -- I think that Earl makes an interesting point and -- and one that -- that, frankly, I have supported president-elect Obama in this entire campaign. I like that he wants to make common -- build common ground with evangelicals. I think there's a lot for the progressive community to learn. And I think, ultimately, it will lead to a greater understanding for gay and lesbian people and for families, for evangelical families that have gays and lesbians, you know, children, and -- and brothers and sisters, which, of course, they do.

I think the only issue is, is this the day to -- to -- to start to play sort of political coalition-building, or is this the day to just celebrate a much more neutral, nuanced, unifying way to look at the country? That -- that's all.

(CROSSTALK)

ROSEN: I think they have made their -- their bed in the presidential inaugural committee. I don't think this decision is going to change. You know, it's disappointing.

And I think they have decided that they -- they had a -- a constituency they just weren't going to worry that much about complaining about this.

COOPER: We're going to -- we're going to have more from our panel coming up.

Hilary Rosen, Earl Ofari Hutchinson, David Gergen, stick around.

Let us know what you think about the controversy. Join the live chat happening now at AC360.com. Check out Erica Hill's live Webcast during the break as well.

Up next: breaking news on Al Franken-Norm Coleman's Senate race. Finally, we may have a winner.

Also, Caroline Kennedy, she has been running a stealth campaign to become a senator. Today, she spoke, a little bit, in public, at least. Hear what she's saying about her qualifications to be senator and see why she and Reverend Al Sharpton were breaking bread.

Later, disclosing the dollars -- which billionaires, which companies and countries gave Bill Clinton nearly half-a-billion dollars for his charitable foundation?

And what do you call a guy with four ex-wives, one of whom is dead, the other one is missing? What do you call the woman who now wants to marry this guy? The strangest twist yet in the Drew Peterson case, still married, a murder suspect, and now engaged -- tonight on 360.

(COMMERCIAL BREAK)

COOPER: More breaking news tonight, possibly foretelling the outcome of the long-running Senate race this election.

CNN has not projected a winner, but "The Minneapolis Star- Tribune" now predicting that Democrat Al Franken will defeat incumbent Republican Norm Coleman by -- get this -- 89 votes. That's the projection.

The actual recount has Coleman up by just two votes, according to the Associated Press. "The Star-Trib"'s prediction takes into account the fact that the state canvassing board seems to be rejecting slightly more ballots challenged by Coleman than by Franken. The counting, by the way, expected to continue into next week.

So, new developments as well today in a Senate race that requires only a single vote to win, that of New York Governor David Paterson. We're talking, of course, about Hillary Clinton's soon-to-be-vacant seat. Caroline Kennedy wants it. Her reticence, though, to talk to reporters, or, for that matter, citizens of the state she wants to represent has drawn some comparisons to Sarah Palin.

Today, however, she talked a little.

Mary Snow has the "Raw Politics."

(BEGIN VIDEOTAPE)

MARY SNOW, CNN CORRESPONDENT (voice-over): A crush of cameras greeted Caroline Kennedy in Harlem, this stop, a powwow with the Reverend Al Sharpton at Sylvia's, a famous New York soul food restaurant that's hosted many a politician, including the Clintons and president-elect Barack Obama.

It comes one day after Kennedy visited three cities in Upstate New York. She's famous for avoiding reporters, but fielded a few questions in Harlem, such as why she wants to be a senator.

CAROLINE KENNEDY, DAUGHTER OF JOHN F. KENNEDY: You know, I come at this as this a mother, as a lawyer, as an author, as an education advocate and, you know, from a family that really has spent generations in public service.

And I feel this commitment. This is a time when nobody can afford to sit out. And I hope that I have something to offer.

SNOW: Kennedy has been drawing both attention and criticism. Some Democrats question her qualifications and experience compared to about a dozen other contenders. She was asked what she will need to learn.

KENNEDY: I have, you know, quite a bit to learn, but I feel like I bring, you know, a lot with me, as well.

SNOW: Kennedy and Sharpton made a point of saying they respect Governor David Paterson's process of appointing a replacement for Hillary Clinton -- assuming she become secretary of State. But Sharpton praised Kennedy and so has New York mayor, Mike Bloomberg -- although he refused to say on ABC's "The View" whether he backs her personally, even though one of his aides is pushing hard to get Kennedy chosen.

(BEGIN VIDEO CLIP, "THE VIEW") MAYOR MICHAEL BLOOMBERG (I), NEW YORK: No. I should stay out of this race. It's up to Governor Paterson. He's lucky to have a number of different candidates. I was asked about Caroline Kennedy. She's very competent. She's done a lot for New York City.

(END VIDEO CLIP)

SNOW: Critics say all the attention on her could backfire. Democratic strategist Hank Sheinkopf, who once worked for Bill Clinton, does not think she should be chosen.

HANK SHEINKOPF, DEMOCRATIC STRATEGIST: There are a lot of Democrats who aren't happy about this. Frankly, why go outside the home team when there's a lot of good players here?

SNOW (on camera): Some feminists group, like the National Organization For Women, want to see a female replace Senator Hillary Clinton. NOW is calling on people to contact the governor's office to voice their support for a female senator. But the group is endorsing Congresswoman Carolyn Maloney, not Caroline Kennedy.

Mary Snow, CNN, New York.

(END VIDEOTAPE)

COOPER: All right, let's talk strategy now, back with our panel, David Gergen of the Kennedy School of Government, which, we should point, Caroline Kennedy is affiliated with, Hilary Rosen, as well as Earl Ofari Hutchinson.

So, David, is lunch with Al Sharpton in front of TV cameras another sign that this thing is basically a done deal?

(LAUGHTER)

GERGEN: It's -- it's almost done, Anderson, in my view.

But David Paterson, the governor, now -- finds himself caught in a crossfire, shouldn't he? He's probably going to be damned if he does, damned if he doesn't. He's got another candidate, in Andrew Cuomo, who is extremely well-qualified, the son of a former governor, who has had distinguished public service.

He's got -- you know, he's got other women involved with this. It's...

(LAUGHTER)

GERGEN: I think he's not in an enviable position.

But good for -- for Caroline Kennedy to go out. Yes, I -- I have spoken about her favorably a couple of nights ago. I think to go out upstate and talk to the mayors up there and begin to take some questions from the press, she wants to see how much she really enjoys the rough-and-tumble. She's going to take a lot more than this.

And as -- I don't think she's any Sarah Palin. I think she's a lot -- she's just a very different person. Let's put it that way.

COOPER: You know, Hilary, it's interesting.

GERGEN: But we will see.

COOPER: It's interesting, Hilary, because she's obviously well- known in media elite circles. But the American public really hasn't ever really even heard her speak much or speak out on any causes, ever, in probably her entire life, except maybe a little bit on public education, if they have been listening to very carefully.

I mean, doesn't she owe it to -- to the citizens which she apparently wants to represent to talk to them?

ROSEN: Well, I agree with David. I think it's kind of fun to see her out there mixing it up and -- and going upstate. And she -- she's not sitting back in her -- in a Park Avenue apartment and -- and waiting for people to come calling. She is -- she's meeting the people.

COOPER: But she's not talking to -- she's not talking to citizens.

ROSEN: And, you know, I don't think -- this is an odd situation she's in.

There is a -- a single voter in this election, and that's Governor Paterson. I think what she has tried to do is get out there enough, so that people knew she was serious, making a couple of trips around the state.

But, you know, I keep getting calls from people close to Governor Paterson saying, no, no, no, he wants to be able to choose from a bunch of people. He hasn't made up his mind yet.

But, you know, you sort of can't fight something with nothing. And, so, unless Governor Paterson comes out and says he's for somebody else, there's a lot of momentum right now for Caroline Kennedy. And I -- I think that, whether people like it or not, her -- her mystique and her celebrity adds stature to -- to candidates, that it's simply a fact of life.

COOPER: Earl, do you think she should be talking more to the public?

HUTCHINSON: And I think she's certainly talking more to the public.

But, also, we have to hear from the public, too. One of the things that has bothered me from day one, when Caroline Kennedy's name was floated, initially is, what do the constituencies in New York, across the board, especially in Upstate New York, what do they really think about a Caroline Kennedy?

We really haven't heard much from them. I mean, certainly, I do agree, we do need fresh voices, fresh faces, new ideas, innovative -- innovative thinking an energy. There's no question about that. Palestinians is too much the good-old-boy and good-old-girl, deal- making, back-room, wheeling-and-dealing game. We all know that.

But, at the same time, I'm mindful of something else. I don't think we can, or should, I think it's very dangerous to minimize experience, especially when we're facing something, not only in California, where I am, but certainly in New York, a major, major fiscal, economic, and budget crisis.

New York is -- is really strapped. It's really under the gun. You're going to have to have somebody that can go in there, hit the ground running, know exactly how you can really maneuver in the political system, who you can talk to, who the players are, where things can be done and really push the envelope.

I'm not sure Caroline Kennedy, as well-meaning, well-intentioned, the good public servant that she is, I'm not sure she fits that bill.

COOPER: David?

GERGEN: Well, I -- I don't really think that's the role of a senator, is to run the country. I -- that's what we elect a president to do.

And I -- I think that part of what the role is going to be for the next two years -- let's remember, we're only talking about somebody who is going to fill a seat for two years, until there's a general election. We're not talking about a lifetime appointment here.

And I think that what will she would bring to the Senate is a -- I think she brings a kind of passion that would stir people. I think that she has -- I think that she would help in the confidence- building, which is going to be so necessary over the next two years.

But, Anderson, I want to go back. You -- you mentioned something that I thought was a good idea, I hadn't thought about it. I do think it would be a good idea for her, as you suggested, to -- to give a major speech in the next few days, to let us know what her vision of the country is.

She's written a books, as she said, but we don't -- we don't have a fair -- most citizens do not have a -- a strong sense of what it is she believes at her core.

(CROSSTALK)

COOPER: I mean, I have obviously -- I don't want to interrupt, but I have obviously never -- I honestly never heard her talk more than a few sentences.

ROSEN: Yes.

HUTCHINSON: That's not good enough.

COOPER: I mean, once, when we interviewed her with Wolf Blitzer, you know, you know, and, you know, about -- about Obama and Clinton.

I have no idea what she believes.

I mean, I assume you do. You probably have more contact with her.

(CROSSTALK)

HUTCHINSON: Well, we have...

(CROSSTALK)

GERGEN: I have had more contact with her, but I -- but I think your point is well taken. The public deserves to know.

HUTCHINSON: Exactly.

GERGEN: And I think a speech would -- is a very good idea. And then answer some questions after it's over.

COOPER: Well, she will give a speech. Then she will come on the program. She can talk to all of us, maybe.

GERGEN: Yes.

(LAUGHTER)

COOPER: We invite her. She's welcome any time.

We have got to leave it there.

Earl Ofari Hutchinson, good to have on the program, the first time.

HUTCHINSON: Thank you.

COOPER: Hilary Rosen, always great to have you.

And, David Gergen, as well, thank you.

Up next: secrets revealed, Bill Clinton disclosing who gave money to his charity, hundreds of millions of dollars. See where all the money is coming from.

Later, the auto industry teetering on the brink, with hundreds of thousands of jobs at stake, billions of tax dollars needed for a bailout. The White House has promised help is on the way. So, why are they now talking about bankruptcy? We're trying to figure that one out.

We will be right back.

(COMMERCIAL BREAK)

COOPER: Today, former President Bill Clinton made good on his promise to do everything he can to help his wife become the next secretary of state. Clinton's charitable foundation released its donor list, one of many conditions he agreed to before Clinton accepted the nomination.

Now, until now, the list has been top-secret, as you know. The question is, who is on it and will they be a problem for Hillary Clinton?

Taking an up-close look, Joe Johns.

(BEGIN VIDEOTAPE)

BILL CLINTON, FORMER PRESIDENT OF THE UNITED STATES: Thank you. Thank you.

JOE JOHNS, CNN SENIOR CORRESPONDENT (voice-over): No more questions about what, if anything, Bill Clinton is hiding. After resisting this for 10 years, his list of more than 200,000 donors who gave at least $492 million is now an open book, nearly 3,000 pages long and posted online.

The biggest two donors, far and away, are a British charity group called the Children's Investment Fund Foundation, dedicated to improving the lives of children in poverty, and UNITAID, a World Health Organization partnership to fight HIV/AIDS. Both donated more than $25 million.

CLINTON: Thank you, ladies and gentlemen.

JOHNS: But the eye-openers, if you could call them that, are the foreign interests in the Middle East, the Kingdom of Saudi Arabia at least $10 million, Kuwait, Qatar, Oman, Dubai, each at least $1 million.

(on camera): So, the question is whether donations to Bill Clinton's foundation could somehow complicate Hillary Clinton's confirmation as secretary of state, and, if she's confirmed, her getting the job done.

UNIDENTIFIED FEMALE: Saudi Arabia, specifically, and the -- and the Middle East and India are all going to be flash points that the next secretary of state is going to have to deal with early.

JOHNS (voice-over): Other donors seemingly could complicate things for Hillary Clinton, or at least create questions at her confirmation hearing.

Amar Singh lobbied Congress, including Senator Clinton, to allow India to get nuclear fuel and technology. The same guy gave at least $1 million to the Clinton Foundation. And the controversial security firm Blackwater, which recently had five employees indicted over a firefight in Baghdad, also gave a small donation. The next secretary of state will have to decide whether Blackwater keeps its contract to protect American diplomats.

If any donor starts looking like a conflict of interests for Hillary Clinton, a longtime friend and aide says she can just take herself out of the loop.

LANNY DAVIS, FORMER WHITE HOUSE COUNSEL: The commitment is 100 percent that whatever the White House, whatever the president wants, the secretary of state will do, because he's the president.

JOHNS: With such a long list of names, at least the mind fields are out in the open.

Joe Johns, CNN, Washington.

(END VIDEOTAPE)

COOPER: Next on 360: He threw his shoes at President Bush, called him a dog. Now, faced with years in prison, he's asking for leniency -- a twist today in the case of the Iraqi journalist who, well, became the story and a folk hero to some in Iraq.

Plus, Drew Peterson, the former cop who remains a suspect in the disappearance of his fourth wife, ready to tie the knot again -- he hasn't had his marriage rights taken away, even though he's still legally married to his missing wife. Does anything stand between Drew Peterson and wife number five?

Find out tonight.

(COMMERCIAL BREAK)

COOPER: Justice today in an unthinkable crime. A former colonel in the old Rwandan army was convicted today of genocide, sentenced to life in prison. His name is Theoneste Bagosora. He's the most senior military official to be found guilty in connection with the 1994 massacre of 800,000 Tutsis and moderate Hutus.

Bagosora's trial took six years. The slaughter that he set in motion lasted 100 days, literally turning Rwanda, a small country of incredible natural beauty, into a killing field.

I was there for a brief time during the slaughter, reporting for Channel 1 News. What the world witnessed there should never be forgotten. As a brief reminder, a short clip of a report I filed in 1994. And I want to warn you, some of the images that you're about to see in this "360 Dispatch" are graphic.

(BEGIN VIDEOTAPE)

COOPER: In scenes like this, you try to figure out what it is that happened here. Looks like a van filled with passengers. Maybe hit something or was hit by a rocket or something.

The smell of rotting flesh is everywhere in the air.

(voice-over) You stare at the bodies, try to make sense of it, search for answers, but you find none. All you find are more bodies.

And the silence. The silence is what gets to you, broken only by the sound of flies and the buzzards circling overhead, waiting for you to leave.

(END VIDEOTAPE)

COOPER: As we said, justice finally received.

We're following several other stories tonight. Erica Hill joins us with a "360 Bulletin" -- Erica.

ERICA HILL, CNN ANCHOR: Anderson, that man behind that toss seen around the world now saying he's sorry in a hand-written apology to the Iraqi prime minister. Muntader al-Zaidi called the shoe throwing incident a, quote, "great, ugly act" and pleaded for leniency. He is expected to stand trial soon.

Insider trading charges from the SEC levied against a former Lehman Brothers employee. Matthew Devlin is accused of raking in $4.8 million using illegal information he obtained from his wife, who worked an at international PR firm.

And remember those $54 million pants? Oh, yes, the lawsuit. Well, the judge who sued his dry cleaner for the missing pants, all told, worth 54 mill in his eyes, denied by the D.C. Court of Appeals. In fact, the court said Roy Pearson's appeal had no merit.

As for the Chung family, which owned the dry cleaners, they say they hope now that their three-year nightmare is finally over.

COOPER: Just ridiculous. All right. Erica, thanks.

Now time for our "Beat 360" winners, our daily challenge to viewers to come up with a better caption than the one that we can think of for a photo that we put at AC360.com.

Tonight's picture, Orange County sheriff's officers use a radar gun to determine speed violators in Orlando, Florida. And they're dressed like the Grinch.

Our staff winner tonight, once again, is Sean with this: "Sir, I'm with fashion police, and you're going to have to come with me."

(SOUND EFFECT: GROANS)

HILL: ... wear that for a long vacay, honeymoon wedding. Twice in a row.

COOPER: Our viewer winner is Josh from Burbank, who waxed poetic: "The Grinch's small wallet grew three size smaller! For he whizzed by the sheriff, and the radar did holler!"

(SOUND EFFECT: "Oooooo!")

COOPER: Congratulations. I think that's the first sort of limericky one we've had.

Your "Beat 360" T-shirt's on the way.

Go to AC.com. You can play along tomorrow and every day.

Let's move along. Up next, new developments in the auto bailout battle. President Bush speaking out today on how the White House plans to help. Plus, $1.5 million for a new water park ride. Is this what mayors were talking about when they were asking for $73 billion in emergency federal money? We're "Keeping Them Honest."

And he's been married four times. One of his wives is dead, another missing and presumed dead. So why would anyone want to be wife No. 5? Meet Drew Peterson's new fiancee, coming up.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: Under ordinary circumstances, failed entities -- failing entities should be allowed to fail. I have concluded these are not ordinary circumstances.

(END VIDEO CLIP)

COOPER: President Bush kind of kicked back, just talking about the desperately ailing auto industry. All three U.S. carmakers are looking at extended shutdowns over the holidays. Mr. Bush said he hasn't decided how to deal with the crisis.

But for the first time today, the White House says they're looking at what they call orderly bankruptcy as an option. What exactly does that mean? Billions of dollars and thousands of jobs are at stake. We're talking about your money, your future. We're talking now to White House correspondent Ed Henry and chief business correspondent Ali Velshi.

So what is this orderly bankruptcy?

ALI VELSHI, CNN CORRESPONDENT: It's not a formal term. What it means, generally, bankruptcy is protection from your creditors. A lot of people think bankruptcy is just going out of business. Bankruptcy actually buys you time to renegotiate with your creditors, renegotiate any contracts you have with your employees, renegotiate leases and all things like that.

An orderly bankruptcy or managed bankruptcy suggests that you go into it with some understanding of what might happen on the other side, and that the government might back it up.

Now, you'll recall, that the automakers made the argument that, if they go into bankruptcy, it would lead right to liquidation. That's Chapter 7. Bankruptcy is Chapter 11.

COOPER: No one would be buying cars from a company that was going to...

VELSHI: But a study came out. The same group that they were quoting from came out with a study earlier this week, if it were a government-backed bankruptcy, people would actually buy those cars (ph).

COOPER: Ed, the White House said they're very close to a solution, President Bush signaling today he doesn't want to leave it for President-elect Obama. I want to play that.

(BEGIN VIDEO CLIP)

BUSH: I feel an obligation to my successor. I believe that the policy is not to dump him a major catastrophe in his first day of office.

(END VIDEO CLIP)

COOPER: It's interesting. I mean, they were talking last weekend about the White House possibly making a decision over the weekend. And here we are. And I've got to tell you, just from the president's, like, body language, he doesn't seem to be in a big rush.

ED HENRY, CNN CORRESPONDENT: You're right. And he's in a bind right now in a public relations war, if you will, because he had suggested there will be some quick action, and they make a decision quickly. You're right. He sort of kicked back, literally and figuratively.

But the bottom line is, when you read between the lines and what he's actually saying, he is going to act on this. The only question really left is how big is the bailout going to be, and what are going to be the strings that are attached. That's the key, because he's being squeezed right now on his legacy.

On one hand, he has conservatives saying, "Stop, there's been too much money spent. You're not really a conservative. Bailout after bailout. We have bailout fatigue." So his conservatives are pressuring him.

But on the other hand, he has other people advising him, "Look, do you want your legacy to be the failure of an American icon on GM and/or Chrysler, as well.

That's why it's clear he is going to act, Dana Perino said on "LARRY KING LIVE," that we're going to hear from the president soon. That's White House code for decision is almost there. And you can bet he's going to act. It's just a question of how big, Anderson.

COOPER: And the bottom line, though, for these companies for Chrysler in particular, people aren't buying their cars. So how does a bankruptcy, orderly or not, change that?

VELSHI: And in fact, Chrysler said specifically, went and announced yesterday that they'll be closing its plants for a month instead of the normal two weeks.

They said part of the problem is credit. The buyers can't get credit. They go in with willing -- willingness to buy a car, and they can't get credit. We've heard this from Ford. We've heard it from GM. We've heard it from Nissan. We've heard it from the rest of them. Not entirely sure what the bailout loan does for them in that particular instance.

But the bottom line is, finally, the White House does seem engaged, for all the options that they didn't state that they were giving. What they didn't say was that nothing was going to happen. They did say something was going to happen. They're close to some decision.

COOPER: And if you want to talk about lawmakers themselves. You know, I think a lot of people don't realize, Congress automatically gets a raise every year. They actually have to pass legislation to stop the automatic pay raise. Very convenient, that. They're getting an extra $4,700 next year. Has anyone talked about maybe them agreeing not to take a pay raise?

HENRY: Nobody has yet, but you can guarantee it's going to happen eventually, because that looks awful for members of Congress, especially since they did not act on this auto bailout. They talked about it, talked about it for weeks. They dragged the Big Three auto companies up there, made them lay out their plans. They did lay out the plans, and then Congress couldn't act.

So we're in the middle a recession right now. They appear like they're not acting. The president now has been dragging his feet for a few days now. Maybe he finally will act in the next few days.

But I think there will be a lot of pressure on lawmakers. That's a symbolic move in terms of their pay. But in general, there's going to be a lot of frustration about the fact that Washington appears to be sort of deadlocked right now.

VELSHI: And this may ruin mine and Ed's weekends, but the bottom line is, this has -- this story has shifted back to Washington. Washington needs to act on this. We can't dawdle anymore. It's almost Christmas. GM says it's going to be out of money by the end of the year. Whatever one decides, it has to be decided.

It's almost like we're just waiting. It's like attrition. We're just waiting for this to end. We can't wait. Washington's got to do something.

COOPER: All right. Ali Velshi, thanks. Ed Henry, thank you.

Coming up, shovel-ready project. That's what Barack Obama calls them. Governors call them that. Mayors call them that. Infrastructure we're talking about at the state and city level, waiting for federal funds. And, it turns out, for federal pork, for a polar bear exhibit, a water slide, a dog park, and even a program to get prostitutes off the street.

Is this the kind of infrastructure that Barack Obama is talking about pouring money into? We're "Keeping Them Honest."

Plus, Drew Peterson, still a suspect in the mysterious disappearance of his fourth wife, Stacy, now engaged to be married to wife No. 5. What are you going to get them for their wedding? We'll be right back. (COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

SEN. BARACK OBAMA (D-IL), PRESIDENT-ELECT: We've got shovel- ready projects all across the country. And governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created.

(END VIDEO CLIP)

COOPER: President-elect Barack Obama, eager to make infrastructure spending for decaying bridges and highways a top priority.

A lot of mayors and governors say they have infrastructure projects that are ready to start as soon as they get some cash. Shovel-ready, as you heard Obama saying. But as you're about it see, it appears that some of those projects may have less to do with infrastructure and more to do with good old-fashioned pork.

Special investigations unit correspondent Abbie Boudreau is "Keeping Them Honest."

(BEGIN VIDEOTAPE)

ABBIE BOUDREAU, CNN CORRESPONDENT (voice-over): You might not think a nearly $5 million polar bear exhibit in Rhode Island would help turn around the economy. But the U.S. Conference of Mayors sure thinks so. It's one of more than 11,000 ready-to-go infrastructure projects proposed by 427 cities, totaling $73 billion.

PETE SEPP, NATIONAL TAXPAYERS UNION: To the people supporting them, these proposals aren't a joke. But to the taxpayers funding them, yes, it will be a joke to them. Only they won't be laughing.

BOUDREAU: This month, Miami Mayor Manny Diaz, president of the U.S. Conference of Mayors and other city leaders went to Capitol Hill to make their cases.

MAYOR MANNY DIAZ, PRESIDENT, U.S. CONFERENCE OF MAYORS: Our plan calls for investments that will stimulate our economy by quickly creating jobs.

BOUDREAU: Mayor Diaz even held up the report, saying the project's aren't a bailout, but a build-out to put Americans back to work.

(on camera) Did you have a chance to even read the report?

DIAZ: I read some of it. A lot of it -- obviously, I didn't sit there and look at all 312,000 projects that were submitted.

BOUDREAU: Why is that?

DIAZ: Why is that? I didn't have time. BOUDREAU (voice-over): If he made the time he would have found projects like a $20 million Minor League baseball museum; $42 million for improvements to zoos; $3 million for murals. And even $1.5 million for a new water park ride.

DIAZ: You can't simply just say that because something sounds like it isn't right that it isn't, in fact, right.

BOUDREAU (on camera): A new ride and a water park?

DIAZ: Well, you know, again, I'd have to -- I'd have to look at that particular project and try to understand why that city feels that it's an important project. But again, we're talking about 11,000 projects, not just one.

BOUDREAU: The new ride at the water park is in your city.

DIAZ: Uh-huh.

BOUDREAU: So what is your response that that? I mean, I'm asking you as a mayor. I'm surprised that you didn't know about the new ride at the water park.

DIAZ: Well, we had a number of projects, and I don't know which one you're referring to. But we just built a new water park, and it may be related to that water park and maybe outside the city. I'm not sure.

BOUDREAU: A million and a half dollars for a new ride at the water park.

DIAZ: Well, but the point is that part of investing in infrastructure also includes parks.

BOUDREAU (voice-over): There are plenty of roads, bridges, and water treatment projects. But also skateboard parks, museum and zoo renovations, aquatic centers, bike and horse paths, a dog park. And programs beyond infrastructure, to help prostitutes get off the streets and to buy thousands of tasers for police departments.

The total cost, more than $300 million. And get this: many of the projects wouldn't even create jobs.

SEPP: It's impossible for any normal tax-paying American to read this and not come away scratching your head and saying, "Wait a minute. This isn't about infrastructure. This is about political power grabs, money grabs."

BOUDREAU (on camera): To the average American, doesn't this sound like pork?

DIAZ: I don't know yet. You'd have to ask the average American.

BOUDREAU (voice-over): Abbie Boudreau, CNN, Miami.

(END VIDEOTAPE) COOPER: Well, does it sound like pork? Let us know at AC360.com. The live chat is happening now.

Up next, a strange new twist in the Stacy Peterson disappearance case. Her husband and prime suspect is engaged. Stacy isn't the first wife that he's, well, suspected of killing. So why would anyone want to be wife No. 5?

Also ahead, something that caught our eye on Letterman last night, Jim Carrey and Larry King in a bathtub? Need I say more? It's our "Shot of the Day."

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

DREW PETERSON, SUSPECTED IN MISSING WIFE'S DISAPPEARANCE: What I want -- what I want to talk about is I'm going to come camp myself in front of your house and see if you like it.

(END VIDEO CLIP)

COOPER: Drew Peterson more than a year ago with all the reporters following his every move. He's been living under a microscope since become a suspect in the disappearance of his fourth wife, Stacy Peterson.

But now, through an announcement from his publicist -- yes, he has a publicist -- we learned he's proposed to a women he hopes will become wife No. 5.

Erica Hill has more now on the ex-cop who seems to find the media annoying except when he wants to get in the headlines.

(BEGIN VIDEOTAPE)

HILL (voice-over): His fourth wife vanished more than a year ago. Now, Drew Peterson is moving ahead with plans for a fifth marriage.

Peterson met with a divorce lawyer last month, but his main attorney says there are, quote, "no specific plans" regarding a divorce yet. But to marry his new fiancee, he'll need one.

LISA BLOOM, ANCHOR, "IN SESSION": I think his chances are very good in getting a divorce. After a year of Stacy being gone, he can establish abandonment in Illinois. And that's the same as in most states when a spouse simply takes off. He can establish that, and he can get the divorce.

HILL: From the moment Stacy Peterson disappeared, this former suburban Chicago cop has commanded attention.

PETERSON: What I want to talk about is I'm going to come and camp myself in front of your house and see if you like it. HILL: Not just for his love/hate relationship with the media, but also for his unorthodox history with women. His second wife once told the "Chicago Tribune" he said he could kill her and make it look like an accident. She is still alive.

His third wife, Kathleen Savio, was found dead in her bathtub. Ruled an accident in 2004, Savio's death was reclassified as a homicide following a second autopsy after his fourth wife's disappearance.

Drew Peterson has not been named a suspect in this third wife's death, but he is a suspect in Stacy's disappearance, though he has not been charged with a crime.

PAM BOSCO, STACY PETERSON'S FAMILY SPOKESPERSON: It leaves one an eerie feeling of dread. We -- we realize that Kathleen and Stacy had one common denominator, and that was Drew Peterson.

JOEL BRODSKY, DREW PETERSON'S ATTORNEY: We have a guy that had one wife die who died of an accident and another one who ran off, which may make him unlucky, but nothing mischievous about either of those two things.

HILL: Despite her family's claim to the contrary, Peterson has always said Stacy left him, something he told Larry King as recently as last spring.

PETERSON: She told me she found somebody else, and she was leaving.

HILL: We now know Drew Peterson has found someone else. Stacy Peterson's family isn't giving the announcement a lot of thought, saying they'd rather focus on the investigation into her disappearance.

(END VIDEOTAPE)

COOPER: So why the press release, I mean, if he wants to stay out of the spotlight?

HILL: It was interesting. I spoke to both his publicist and his lawyer today. And they both said, "Look, we didn't put this press release out because we wanted to tell everybody he was engaged." Another man dug it up, had been talking about it. They had so many calls that they felt they had to release this statement.

But they're also not confirming who the girl is, despite some media reports that may have spoken to her father. They won't confirm her name.

COOPER: All right. Erica, thanks. Strange.

Just ahead, what would it take to get actor Jim Carrey and Larry King to share a bubble path on national television? Not much, apparently. Our strangest "Shot" ever. And new developments in the story that's become a speed bump in the Obama transition, Pastor Rick Warren today speaking out, commending President-elect Barack Obama for taking heat on his behalf. The latest, ahead.

(COMMERCIAL BREAK)

COOPER: Time now for "The Shot," Erica. Actor Jim Carrey promoting his new movie, "Yes Man" on Letterman yesterday by reading a "Top Ten Things Jim Carrey Will Always Say Yes To." The skit was full of surprises. For starts, Carrey did it via satellite from a bubble bath. And it ended with perhaps the biggest surprise of all. Take a look.

(BEGIN VIDEO CLIP)

DAVID LETTERMAN, HOST, CBS'S "THE LATE SHOW WITH DAVID LETTERMAN": The category, No. 1 thing Jim Carrey will always say yes to. Here it is, No. 1.

JIM CARREY, ACTOR: Tub time with Larry King.

LETTERMAN: What does that mean?

(MUSIC)

(END VIDEO CLIP)

HILL: Oh, yes.

COOPER: Yes.

HILL: Do you think that either one of them was wearing Flame in the bubble bath?

COOPER: Was wearing what?

HILL: Flame.

COOPER: What's Flame?

HILL: It's the cologne that you've been smelling over there in the studio. We were talking about it all the time. It's supposed to smell like burgers.

COOPER: Oh, that's that...

HILL: A Whopper.

COOPER: Is that Burger King's, like...

HILL: Yes, but it's -- it's...

COOPER: Why does Burger King come out with a cologne? I don't understand.

HILL: I don't know. But you know what I was saying? It's like $3.99 a pop, so it's fairly reasonable.

COOPER: That says quality.

HILL: We decided it kind of smells like junior high.

COOPER: Really?

HILL: Translation: that ain't a ringing endorsement.

COOPER: So to you, junior high smells like sizzling meat?

HILL: Doesn't smell like sizzling meat. That's the thing. It's like of like, you know, cheap, overpowering drugstore cologne.

COOPER: All right. We'll leave it at that. I want to hear more, Erica Hill. I want to hear more.

HILL: In the break.

COOPER: A lot more ahead tonight. Coming up at the top of the hour, new word from Pastor Rick Warren about outrage he's speaking at the inauguration.

And Caroline Kennedy, she wants to be the senator, but she hasn't really said why until now, sort of. We'll explain, ahead.

(COMMERCIAL BREAK)