Top Items:
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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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:
New York Times, Robert Reich's Blog, Political Punch, Hot Air, The Crypt's Blogs, Spin Cycle and The Daily Dish
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 …
Discussion:
Daily Kos
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 …
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
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, Firedoglake, The New Republic, Talking Points Memo, Taegan Goddard's …, Think Progress, The Anonymous Liberal, Jonathan Martin's Blogs, Fox News, ECHIDNE OF THE SNAKES, Booman Tribune, AMERICAblog News, The Jed Report, TIME.com, Economist's View, Donklephant and Kevin Drum
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Michael Isikoff / Newsweek:
Freddie's Friend — Freddie Mac continued checks to McCain campaign chief's firm.
Freddie's Friend — Freddie Mac continued checks to McCain campaign chief's firm.
Discussion:
Campaign Silo
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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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, Open Left, The Lede, MoJoBlog, Portfolio, Matthew Yglesias, Crooks and Liars, Democrats.com and New York Times
Chris Bowers / Open Left:
There Is No Crisis—Summary — Things are getting a little suspicious about this “crisis.” — Why did the Bush administration suddenly declare a “crisis” during the final two weeks when Congress would be in session during his presidency? Is it maybe because, after the election …
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
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 Huffington Post, Associated Press, Marc Ambinder, The Daily Dish, Scholars and Rogues, Jules Crittenden, The Gun Toting Liberal, Macsmind, Stop The ACLU, The Hill's Blog Briefing Room, The Swamp, Top of the Ticket, Comments from Left Field, Christian Science Monitor, The Impolitic and Political Radar
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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).
RELATED:
Paul Krugman:
Getting real — and letting the cat out of the bag
Getting real — and letting the cat out of the bag
Discussion:
Real Time Economics, Hullabaloo, EconLog, Economist's View, Mish's Global Economic … and Calculated Risk
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
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
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.
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 …
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, Ace of Spades HQ, The Corner, The Moderate Voice, Political Machine, FOX Embeds and Right Wing News
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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.
Discussion:
The Volokh Conspiracy, Hot Air, Threat Level, Gawker, The Other McCain and ZDNet Government
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.
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
New York Times:
For Palin in New York, a Predebate Introduction to Motorcade Diplomacy — Gov. Sarah Palin of Alaska met her first head of state on Tuesday as she crisscrossed New York City receiving foreign policy tutorials in advance of her debate next week with Senator Joseph R. Biden Jr., the chairman of the Senate Foreign Relations Committee.
Greg Sargent / TPM Election Central:
Obama Dramatically Ramping Up Overall Ad Spending; Now Outgunning McCain — In a sign that the Obama campaign is getting serious about tapping his financial advantage over McCain with six weeks to go, Obama's overall spending on TV ads has jumped 50% in the last two weeks …