Top Items:
Matt Stoller / Open Left:
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.
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New York Times:
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 …
Discussion:
The Caucus, Once Upon a Time, Connecting.the.Dots, BAGnewsNotes, Hullabaloo, Kevin Drum, Spin Cycle, Prairie Weather and Corrente
Avi Zenilman / The Politico:
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 …
Mike Allen / The Politico:
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.
Daniel Gros / voxeu.org:
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.
Meena Thiruvengadam / Wall Street Journal:
Paulson Presses Congress to Act On $700 Billion Bailout Plan
Paulson Presses Congress to Act On $700 Billion Bailout Plan
Discussion:
The Seminal
Newsweek:
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.
The Politico:
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:
Political Machine, Liberal Values, Gawker, I Don't Like You Either, NewsBusters.org, TIME.com, Macsmind, Althouse, Hot Air and Political Punch
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Mike Allen / The Politico:
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 …
Peter Bray / Slate:
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.
Paul Krugman:
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.
Myglesias / Matthew Yglesias:
The Record — Ali Frick rounds up the record of Bush administration financial mismanagement in the inimitable Think Progress style. Remember when $5.1 billion in expenses for Iraq reconstruction were charged with no documentation? Or the “widespread” waste and mismanagement on the millions of dollars spent on Katrina recovery?
Mark Naymik / OPENERS:
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
Brad DeLong / Grasping Reality with Both Hands:
No Deal — John McCain chose Sarah Palin to be his vice president. — There is a 40% chance John McCain will be president on January 21, 2009. — There is no way in hell that anybody should give any extra power to any Treasury Secretary chosen by John McCain.
Dexter Filkins / New York Times:
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.
Nicholas D. Kristof / New York Times:
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.
Kim Murphy / Los Angeles Times:
Alaskans angered that Palin is off-limits — Queries are directed through the McCain campaign machine. Her political capital at home is eroding. — ANCHORAGE — Jerry McCutcheon went to Sarah Palin's office here last week to request information about the firing of former Public Safety …
Bonney Kapp / FOX Embeds:
Protesting Obama by Air — JACKSONVILLE, FL - Protesters are as common to the campaign trail as supporters - from those waving McCain signs at the entrance of events, to the more subtle passersby who flash the thumbs down gesture (or worse) along the motorcade route, to the occasional group that infiltrates and interrupts an event.