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Yes, There Are Deeply Angry Democratic Members of Congress — This email is from a lawmaker and it should give you a flavor for what's going on right now in Congress.
Discussion:
Michigan Messenger, Hullabaloo, Kevin Drum, Booman Tribune, Balloon Juice and DownWithTyranny!
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Bipartisan Support for Wall St. Rescue Plan Emerges — WASHINGTON — Bipartisan support appeared to be emerging Sunday among American lawmakers to approve quickly a vast bailout of financial institutions in the United States. The Bush administration has proposed granting unfettered authority …
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Many economists skeptical of bailout — Many of the same economists and opinion-makers who'd provided a bipartisan sheen of consensus to Treasury Secretary Henry Paulson's previous moves have quickly begun casting doubts on the wisdom of a policy that would allow Treasury …
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Exclusive: Foreign banks may get help — In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's mortgage bailout, according to the fine print of an administration statement Saturday night.
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Paulson Presses Congress to Act On $700 Billion Bailout Plan — WASHINGTON — U.S. Treasury Secretary Henry Paulson, in a string of Sunday morning news appearances, stressed the need to quickly move forward with uncluttered legislation related to a $700 billion plan to stabilize the nation's ailing economy.
Discussion:
The Seminal
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All the Candidates' Cars — From the magazine issue dated Sep 29, 2008 — When you have seven homes, that's a lot of garages to fill. After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars.
Discussion:
Washington Monthly, Political Machine, Political Radar, Campaign Silo, Hot Air and Oliver Willis
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Franken helps craft McCain ‘SNL’ skit — Al Franken, the former “Saturday Night Live” star now running in a high-profile Senate race in Minnesota, helped craft the opening sketch mocking John McCain that kicked off the NBC comedy show Saturday, according to two well-placed sources inside the network.
Discussion:
Gawker, Political Machine, Liberal Values, I Don't Like You Either, TIME.com, NewsBusters.org, Macsmind, Althouse, Hot Air and Political Punch
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43 days - Stephanopoulos: “The era of big government is back” — Execs at failed Lehman could get $2.5 billion (with a b) in bonuses — Paulson package could pass off House floor on Thursday — Newsweek cover: “King Henry” Paulson — From Sunday shows: Paulson will resist curbs on executive pay …
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Did Obama Just Touch the Third Rail? — CURIOUS EDITS TO HIS SOCIAL SECURITY PAGE. — Barack Obama is such a hard-core wonk, his camp grinds through policy day in, day out. That may be a great quality to have in a president—but it's not necessarily a smart strategy for a presidential candidate just weeks before an election.
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Thinking the bailout through — What is this bailout supposed to do? Will it actually serve the purpose? What should we be doing instead? Let's talk. — First, a capsule analysis of the crisis. — 1. It all starts with the bursting of the housing bubble.
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BETTER BAILOUT IDEAS... One of the classic mistakes we all make—and this is true of political leaders and average citizens alike—is to accept unquestioningly that the choices we're being presented with are in fact the only choices we have. And so it was on Friday that Democratic leaders …
Discussion:
Matthew Yglesias
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Back in Iraq, Jarred by the Calm — BAGHDAD — At first, I didn't recognize the place. — On Karada Mariam, a street that runs over the Tigris River toward the Green Zone, the Serwan and the Zamboor, two kebab places blown up by suicide bombers in 2006, were crammed with customers.
Discussion:
Hot Air, Winds of Change.NET, www.redstate.com, Neptunus Lex, BuzzMachine and THE ASTUTE BLOGGERS
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Ohio Newspaper Poll shows John McCain with slight lead over Barack Obama … CLEVELAND — The first Ohio Newspaper Poll, a collaboration among Ohio's largest daily newspapers, shows Republican Sen. John McCain with a lead over Democrat Sen. Barack Obama in Ohio and provides a snapshot …
Discussion:
TIME.com
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The Push to ‘Otherize’ Obama — Here's a sad monument to the sleaziness of this presidential campaign: Almost one-third of voters “know” that Barack Obama is a Muslim or believe that he could be. — In short, the political campaign to transform Mr. Obama into a Muslim is succeeding.
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Seeking a President Who Gives Goose Bumps? So's Obama. — Now that he's finally fired up on the soup-line economy, Barack Obama knows he can't fade out again. He was eager to talk privately to a Democratic ex-president who could offer more fatherly wisdom — not to mention a surreptitious smoke — and less fraternal rivalry.
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The beginning of the end game... The radical moves in the US have direct implications for European banks and indirect implications for European governments. This column discusses the likely channels and notes that several European banks are both too big to fail and may be too big to be saved by their national governments alone.