Top Items:
Paul Krugman:
No deal — I hate to say this, but looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets. — As I posted earlier today, it seems all too likely that a …
Discussion:
TalkLeft, JustOneMinute, Calculated Risk, Alas, a blog, The Sideshow, PoliPundit.com, Economist's View and RADAMISTO
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Tom Maguire / JustOneMinute:
K Drum Is Good On The Bail-Out — Kevin Drum has a useful overview of the upcoming bail-out of the financial industry; Krugman provides an interesting hand-wringer, and Dean Baker (as summarized by Mark Thoma) is useless. Let's roll Drum: … Well, yes.
Brookings Institute:
Concerns about the Treasury Rescue Plan — Financial Markets, Financial Institutions, Federal Reserve, Governance, U.S. Economy — Douglas W. Elmendorf, Senior Fellow, Economic Studies — Amid continued tumult in financial markets, the Treasury Department has developed a systematic plan to stabilize the financial system.
David M. Herszenhorn / New York Times:
Administration Is Seeking $700 Billion for Wall Street Bailout — WASHINGTON — The Bush administration on Saturday formally proposed to Congress what could become the largest financial bailout in United States history, requesting unfettered authority for the Treasury Department to buy up to $700 billion in mortgage-related assets.
Discussion:
Newshoggers.com, CNNMoney.com, Portfolio, The Caucus, Hullabaloo, Once Upon a Time, Brian Beutler, Matthew Yglesias, Gateway Pundit, Prairie Weather and MyDD
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New York Times:
Text of Draft Proposal for Bailout Plan — LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS — Section 1. Short Title. — This Act may be cited as ____________________. — Sec. 2. Purchases of Mortgage-Related Assets.
Discussion:
Firedoglake, Mish's Global Economic …, The RBC, Law Librarian Blog, PointOfLaw Forum and The Caucus
Calculated Risk:
Bailout Proposal — Here is the proposal so far: (hat tip Michael)
Discussion:
Emptywheel, Newshoggers.com, ECHIDNE OF THE SNAKES, The Impolitic, American Street, Open Left and Mathew Gross
Associated Press:
Poll: Racial misgivings of whites an Obama issue — WASHINGTON (AP) — Deep-seated racial misgivings could cost Barack Obama the White House if the election is close, according to an AP-Yahoo News poll that found one-third of white Democrats harbor negative views toward blacks — many calling them …
Discussion:
Riehl World View, NewsBusters.org, Scared Monkeys, Outside The Beltway, The Gun Toting Liberal, Newshoggers.com, The Moderate Voice, Gateway Pundit, Jules Crittenden, Oliver Willis, www.redstate.com, Althouse, Lonewacko, JammieWearingFool, Washington Wire, Donklephant, Wake up America, Sweetness & Light, Q: Florida Politics, A Blog For All and Macsmind
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Al Giordano / The Field on the Narcosphere:
The AP's Ron Fournier: Racial Arsonist and Unethical Journalist
The AP's Ron Fournier: Racial Arsonist and Unethical Journalist
Allahpundit / Hot Air:
AP poll: Racism among white Democrats could cost Obama the election
AP poll: Racism among white Democrats could cost Obama the election
Discussion:
NewsBusters.org
Patrick Healy / New York Times:
Pact on Debates Will Let McCain and Obama Spar — The Obama and McCain campaigns have agreed to an unusual free-flowing format for the three televised presidential debates, which begin on Friday, but the McCain camp fought for and won a much more structured approach for the questioning …
Peter Baker / New York Times:
A Professor and a Banker Bury Old Dogma on Markets — WASHINGTON — For the last year, as the nation's economy lurched from crisis to crisis, the chairman of the Federal Reserve, Ben S. Bernanke, had been warning Henry M. Paulson Jr., the Treasury secretary, that the worsening situation might ultimately force …
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Peter S. Goodman / New York Times:
But Will It Work? — As the federal government steps to the center …
But Will It Work? — As the federal government steps to the center …
Discussion:
BAGnewsNotes
FactCheck.org:
Scaring Seniors — An Obama-Biden ad says McCain supports “cutting benefits in half” for Social Security recipients. False! — A new Obama ad characterizes the “Bush-McCain privatization plan” as “cutting Social Security Benefits in half.” This is a falsehood sure to frighten seniors who rely on their Social Security checks.
Discussion:
Viking Pundit, The Swamp, Ben Smith's Blogs, Wake up America, MSNBC, Don Surber and TRAIL BLAZERS
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CNN:
Obama hammers McCain over Social Security — DAYTONA BEACH, Florida (CNN) - Barack Obama told voters here that if John McCain became president he would “privatize” their Social Security - a debate over the program that could resurface as a major issue in the closing weeks of the campaign given the wild swings in financial markets.
Jo Mannies / St. Louis Post-Dispatch:
McCain takes slight lead in Mo., new poll finds — Sen. John McCain (left) and Sen. Barack Obama — Republican presidential nominee John McCain has improved his standing among Missouri voters. — And he may have running mate Sarah Palin to thank. — McCain's growing support from women …
Discussion:
FiveThirtyEight.com
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Mark Leibovich / New York Times:
Meanwhile, the Other No. 2 Keeps On Punching — FLAT ROCK, Mich. — As the economy reels, Senator Joseph R. Biden Jr. — the Other Running Mate — has been absolutely butchering Senator John McCain across the Rust Belt this week. It is not clear who has noticed.
Discussion:
Townhall.com, Washington Post, Brian Beutler, Althouse, Matthew Yglesias and On Deadline
Carlotta Gall / New York Times:
At Least 40 Are Killed in Blast at Pakistan Hotel — ISLAMABAD, Pakistan — A huge truck bomb exploded at the entrance to the Marriott Hotel in Islamabad on Saturday evening, just a few hundred yards from the prime minister's house, where all the leaders of government were dining after the president's address to Parliament.
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Gallup:
Gallup Daily: Obama 50%, McCain 44% — PRINCETON, NJ — Gallup Poll Daily tracking from Wednesday through Friday finds Barack Obama maintaining his lead over John McCain among registered voters, by a 50% to 44% margin. — Obama has held at least a small margin over McCain in each …
Discussion:
The Moderate Voice, MyDD, The Impolitic, Taylor Marsh, Daily Kos, Liberal Values, Booman Tribune, skippy the bush kangaroo and Donklephant
John Amato / Crooks and Liars:
Rachel Maddow's ratings are incredible — If only MSNBC would have listened to us months ago, but at least she's there now. Move over Larry King, there's a new girl in town....Her ratings even beat Countdown a few times. — It's nice to see and we hope you will continue to tune in.
Jeffrey Diamond / ABCNEWS:
Transgendered Woman Wins Sex Discrimination Case — In Potentially Groundbreaking Case, Court Finds Sex Discrimination Law Applies to Transgendered Woman — A transgendered woman, who lost a job offer because of her sexual status, has won a potentially groundbreaking federal sex discrimination lawsuit.