Top Items:
Washington Post:
Economic Fears Give Obama Clear Lead Over McCain in Poll — Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain …
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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 …
Discussion:
FP Passport, Hot Air, MSNBC, Political Punch, Jonathan Martin's Blogs, Alas, a blog and Hullabaloo
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 …
Discussion:
Wall Street Journal, The Swamp, Prairie Weather, DownWithTyranny!, Hullabaloo and Balloon Juice
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, Guardian, Fox News, Group News Blog, News Hounds, MyDD, Daily Kos, Obsidian Wings, AMERICAblog News, The Anonymous Liberal, Firedoglake, Donklephant, Kevin Drum, The New Republic, Prairie Weather, TIME.com, Booman Tribune, Liberal Values, Think Progress, ECHIDNE OF THE SNAKES and Philly.com
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The Hill:
Pelosi won't jump alone — House Speaker Nancy Pelosi is telling Democrats that she will not support President Bush's $700 billion bailout of the financial sector unless there is significant Republican support for the controversial plan. — The politics of the bailout are tricky and dangerous …
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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.
Discussion:
Take Our Country Back, Doug Ross, Stop The ACLU, The Strata-Sphere, protein wisdom, Gateway Pundit, Slog, Hot Air and Atlas Shrugs
Joseph Curl / Washington Times:
269 tie: An electoral college ‘doomsday’? — Scholars speculate on scenario — President Obama, with Vice President Palin? President Biden? President Pelosi? Call them the “Doomsday” scenarios — On Nov. 5, the presidential election winds up in a electoral-college tie, 269-269 …
David Leonhardt / New York Times:
The Issue Is Payback, Not Bailout — So are you for the bailout or against it? — Many people, I'm guessing, don't have an immediate answer to the question. They understand that the financial crisis is serious enough to require a big response from the government.
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Matthew Benjamin / Bloomberg:
Americans Oppose Bailouts, Favor Obama to Handle Market Crisis — Sept. 24 (Bloomberg) — Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis. — By a margin of 55 percent to 31 percent …
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Lee Speigel / Political Punch:
Oh, That Joe! (No. 17 in a Series) — First Thing We Do, Let's Retain All the Lawyers — “I think we're going to be up very late counting votes,” Sen. Joe Biden, D-Del., told a kettle of lawyers Tuesday night at a fundraiser for the Democratic Victory Fund hosted by the American Association …
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
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Eric Posner / The Volokh Conspiracy:
DOES CONGRESS THINK THAT PAULSON ASKED FOR NOT ENOUGH POWER? You might think so from reading the Dodd bill and the news accounts (including this very helpful discussion by Steven Davidoff): — 1. Under the Paulson bill, Treasury will have the power to purchase mortgage-related assets.
Discussion:
Marginal Revolution
Julia Rosen / Calitics:
The Floundering Yes on 8 Campaign: One Million Missing Lawn Signs Found in China — This past weekend the Yes on 8 campaign had talked up passing out ONE MILLION lawn signs. It was going to be their big splash event, something big and bold to get a bunch of earned media.
Discussion:
Pam's House Blend
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;
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.
RELATED:
Peter Hamby / CNN:McCain camp tries to keep reporters out of Palin meetings
Discussion:
Los Angeles Times, NewsBusters.org, Gawker, The Reaction, TigerHawk, Jules Crittenden, Ace of Spades HQ and The Swamp
Allahpundit / Hot Air:
Heart-ache: Tiny terrorist gives Bush speech thumbs down at the UN; Update: Obama rips UN, Ahmadinejad — A spontaneous gesture of disapproval? Hardly. ABC caught him waving at the White House press corps intermittently to get their attention. He may be a cretin, but he's a media-savvy cretin.
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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:
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Ben White / New York Times:
Goldman to Raise Capital, With $5 Billion From Buffett — Warren E. Buffett, the country's most famous investor and one of the world's richest men, announced on Tuesday that he would invest $5 billion in Goldman Sachs, the embattled Wall Street titan, in a move that could bolster confidence in the financial markets.
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