Top Items:
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 …
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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.
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.
Newt Gingrich / The Corner:
Before D.C. Gets Our Money, It Owes Us Some Answers — Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening. — We are being told Treasury Secretary Henry Paulson has a plan which will shift $700 billion in obligations from private companies to the taxpayer.
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
Daniel Gross / Newsweek:
The Captain of the Street — Treasury Secretary Hank Paulson …
The Captain of the Street — Treasury Secretary Hank Paulson …
Discussion:
The Swamp, American Power, New York Times, PoliGazette, The Huffington Post and Firedoglake
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.
Frank James / The Swamp:
Obama: No blank check for Wall St — CHARLOTTE, N.C. - In his first comments about a $700 billion government bailout package meant to help stabilize Wall Street, Sen. Barack Obama on Sunday stopped short of saying whether he supports the proposal, as he laid out some broad economic goals he believes such a plan should include.
Discussion:
TIME.com
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Amanda Scott / Barack Obama and Joe Biden:
Barack in Charlotte, NC: “The stakes are too high” — Barack just finished an event in Charlotte, North Carolina. He spoke about the struggling economy and his plan to strengthen American and the middle class. He also addressed John McCain's recent remarks and view on healthcare...
Robert Reich / TPMCafe:
What Wall Street Should Do To Get Its Blank Check
What Wall Street Should Do To Get Its Blank Check
Discussion:
The Politico, Jonathan Martin's Blogs, THE CUNNING REALIST, Kevin Drum, Democrats.com, Hullabaloo and The Talent Show
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:
Top of the Ticket, Political Machine, Liberal Values, Gawker, I Don't Like You Either, NewsBusters.org, Macsmind, Althouse, TIME.com, Hot Air and Political Punch
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Matt Stoller / Open Left:
An Anonymous Lawmaker Diagrams the High Stakes Chicken in the House — Another email. … Ouch. — If anyone out there is good with diagramming software it'd be a neat picture to put together.
CNN:
Interview With Obama, McCain Economic Advisers; Interview With Ron Paul — THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. — WOLF BLITZER, HOST: This is LATE EDITION, the last word in Sunday talk. — BLITZER: A roller coaster week on Wall Street.
Discussion:
Top of the Ticket
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.
Stephen F. Hayes / Weekly Standard:
Democrats and Double Standards — Obama's not-so-secret weapon: the media. — When Barack Obama announced his presidential candidacy in Springfield, Illinois, on February 10, 2007, he promised to change the practice of American politics. … Obama told the crowd on that chilly day that he was running …
Discussion:
Jonathan Martin's Blogs
Myglesias / Matthew Yglesias:
Hurry! Hurry! — Bush and Paulson say congress needs to rush and give them a blank check — no time to think about it, change anything, or scrutinize anything. — It seems strange to me that they didn't bolster their rhetoric by providing congressional leaders with a list of all the times congress …
Discussion:
Associated Press
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.
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.
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
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?