Top Items:
Emptywheel:
Bush Mouthpiece Admits: They've Been Sitting on this Plan — Hidden in an article reporting that Cheney's going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time: … Which raises three questions for me:
RELATED:
Ali / Think Progress:
Paulson: I Didn't Suggest Oversight In The Bailout Plan Because That Would Be ‘Presumptuous’ — This morning, Treasury Secretary Henry Paulson testified before the Senate Banking Committee on the current financial crisis. Nearly every senator on the panel criticized the $700 billion bailout …
Discussion:
Paul Krugman, Buck Naked Politics, Crooks and Liars, Open Left, The Lede, MoJoBlog, Portfolio, Matthew Yglesias, Democrats.com and New York Times
SilentPatriot / Crooks and Liars:
Chuck Schumer to Sec. Paulson: Why $700 billion? Why not $150 billion?
Chuck Schumer to Sec. Paulson: Why $700 billion? Why not $150 billion?
Discussion:
The RBC
New York Times:
McCain Aide's Firm Was Paid by Freddie Mac — WASHINGTON— One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.
Discussion:
Washington Monthly, The New Republic, Firedoglake, The Anonymous Liberal, Talking Points Memo, Booman Tribune, Taegan Goddard's …, Think Progress, Jonathan Martin's Blogs, Fox News, Kevin Drum, Economist's View, ECHIDNE OF THE SNAKES, AMERICAblog News, The Jed Report, TIME.com and Donklephant
RELATED:
Scott Conroy / CBS News:
Palin Camp Goes To New Lengths To Shut Out Media — From CBS News' Scott Conroy: — (NEW YORK) Update: After media outlets complained to the McCain/Palin campaign about its attempt to prevent an editorial presence at Gov. Palin's first meeting of the day, a pool producer was allowed …
Discussion:
Newshoggers.com, The Hill's Blog Briefing Room, The Huffington Post, Associated Press, Macsmind, Marc Ambinder, The Daily Dish, The Swamp, Scholars and Rogues, Jules Crittenden, The Gun Toting Liberal, Stop The ACLU, Top of the Ticket, Comments from Left Field, Christian Science Monitor, Political Radar, Washington Monthly, The Impolitic, The Moderate Voice and No More Mister Nice Blog
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Peter Hamby / CNN:
McCain camp tries to keep reporters out of Palin meetings — (CNN) — McCain-Palin campaign officials shifted course Tuesday after being informed by television news organizations that they would not broadcast footage of Sarah Palin's meeting with Afghan leader Hamid Karzai Tuesday in New York …
Henry Blodget / The Huffington Post:
Bernanke and Paulson: Here's Why We're Screwing You — At today's Wall Street Bailout Hearings, we finally learned what Hank Paulson and Ben Bernanke are thinking. Specifically, we learned what prices they plan to pay for the crap assets they're buying (more than they're worth).
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Bsetser / Brad Setser:
Some ballpark math on the US financial sector (i.e. just how big is $700b?)
Some ballpark math on the US financial sector (i.e. just how big is $700b?)
Discussion:
Paul Krugman
Jennifer Parker / Political Radar:
Stephanopoulos: McCain Holds Key to Administration's Bailout Passage on Capitol Hill — ABC News' George Stephanopoulos reports: If Republican presidential candidate Sen. John McCain doesn't vote for the Bush administration's $700 billion economic bailout plan, some Republican …
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Patrick Healy / The Caucus:
Obama Says Bailout Should Include 4 Conditions
Obama Says Bailout Should Include 4 Conditions
Discussion:
Weekly Standard
Andy Glass / The Crypt's Blogs:
Gingrich: McCain should make bailout ‘Obama-Bush’ plan
Gingrich: McCain should make bailout ‘Obama-Bush’ plan
Discussion:
The Swamp
Pew Research Center:
57% of Public Favors Wall Street Bailout — Obama Seen As Better Able to Address Crisis — By a margin of almost two-to-one the American public thinks the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure.
Discussion:
Robert Reich's Blog, Political Punch, The Daily Dish, Hot Air, The Crypt's Blogs, Spin Cycle, Eunomia and TPM Election Central
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Gawker:
Chris Rock To Bill Clinton: ‘Hillary Lost!’ — As in his appearance on the View, Bill Clinton offered the most tepid support possible for Barack Obama's presidential ticket on David Letterman's Late Show last night. After repeatedly invoking his vanquished wife Hillary …
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Paul Slansky / The Huffington Post:
A Note to Bill Clinton — Given that we would never have had the odious George W. Bush in the White House in the first place if it wasn't for your blow jobs, Bill, it seems obvious that you owe it to the people of this country, and especially to the parents whose kids died in the Iraq War …
Discussion:
NewsBusters.org
The Politico:
House GOP rises up against Cheney — There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill. — That time is gone. — House Republicans rose up en masse against their vice president on Tuesday morning to blast an administration proposal …
Andrew Taylor / Associated Press:
Democrats to let offshore drilling ban expire — WASHINGTON - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
Ben Smith / Ben Smith's Blogs:
Biden garbles Depression history — Joe Biden's denunciation of his own campaign's ad to Katie Couric got so much attention last night that another odd note in the interview slipped by. — He was speaking about the role of the White House in a financial crisis.
Discussion:
Hot Air, HorseRaceBlog, The Corner, Ace of Spades HQ, The Moderate Voice, Political Machine, FOX Embeds, Right Wing News and Political Punch
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Victor Davis Hanson / The Corner:
And the Media Worries about Palin's Experience and McCain's Age? — I think in the space of about the last 24 hours, Joe Biden claimed that the AIG bailout was bad, but then said it wasn't bad; — that his apology about the dirty McCain ad was, as they say, inoperative;
Monica Mercer / Chattanooga Times Free Press:
Chattanooga: UT student not indicted in Palin e-mail hacking case … A federal grand jury in Chattanooga ended its session around lunch time today without indicting a University of Tennessee student who authorities believe may have hacked into vice presidential candidate Sarah Palin's personal e-mail account.
Brian Ross / ABCNEWS:
‘Grim’ Afghanistan Report To Be Kept Secret by US — “No Plans to Declassify” New National Intelligence Estimate for White House — US intelligence analysts are putting the final touches on a secret National Intelligence Estimate (NIE) on Afghanistan that reportedly describes the situation as …
Cincinnati.com:
If Ohio polling looks like Chicago, ‘thank’ Brunner — Secretary of State Jennifer Brunner has a reputation as the most partisan state official in Ohio. And she works hard to earn it. The Democrat's latest stunt rejected absentee ballots for thousands of Republicans. — But it's not her first rodeo.
Jeffrey Goldberg:
What is the McCain Camp Hiding? — If Sarah Palin becomes vice president, she will presumably have meetings with people who are scarier than Michael Cooper, the Times reporter who seems to have the misfortune of covering her today. I know Michael Cooper; he's a good reporter, but not very mean at all.
Mark Krikorian / The Corner:
Credit Is Not a Civil Right — I have no way of judging whether the Wall Street bailout is a necessary evil or an impending disaster. But we're in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people …
Discussion:
Salon
Allahpundit / Hot Air:
Video: Who's responsible for the Fannie and Freddie mess? Update: FBI launches investigation — By special request of Ace. Nothing here you haven't read and/or heard before, but Fox deserves a little publicity for being willing to challenge the narrative.