Top Items:
New York Times:
Fate of Bailout Plan Remains Uncertain — WASHINGTON — The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas …
Discussion:
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New York Times:
McCain Leaps Into a Thicket — Senator John McCain had intended to ride back into Washington on Thursday as a leader who had put aside presidential politics to help broker a solution to the financial crisis. Instead he found himself in the midst of a remarkable partisan showdown …
The Politico:
Wall Street bailout plan breaks down — Treasury Secretary Henry Paulson left a late-night session at the Capitol Thursday without a deal on the bailout plan the White House says is needed to prevent economic disaster. — Four of the five parties involved in the deal — House Democrats …
William Kristol / Weekly Standard:
McCain's Choice — Is there a third way? — The McCain campaign is now trying to broker a deal between House Republicans, Treasury Secretary Paulson, and the Democrats. This will be tough—but it's worth a shot. — If it works, fine. If it fails, McCain will have, I think, three alternative paths:
David Brooks / New York Times:
Thinking About McCain — I've been covering John McCain steadily for a decade. A few years ago, I worked on a book, which I foolishly never completed, on the U.S. Senate with McCain as the central character. So when I step back and think of McCain, even in the heat of this campaign …
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The New Republic:
Putting Country Last — I don't know John McCain as well as David Brooks does. In fact, I don't know him personally at all. But I covered his 2000 and 2008 primary campaigns, and I spent considerable time interviewing him, including several long interviews I did for a profile in 2006.
Discussion:
Washington Monthly
Gateway Pundit:
Missouri Sheriffs & Top Prosecutors Form Obama “Truth Squads” & Threaten Libel Charges Against Obama Critics — More Hope and Change for Missouri... St. Louis and Missouri Democrat sheriffs and top prosecutors are planning to go after anyone who makes false statements against Obama during his campaign.
Discussion:
The Strata-Sphere
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New York Times:
Government Seizes WaMu and Sells Some Assets — Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.
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Paul Krugman / New York Times:
Where Are the Grown-Ups? — Many people on both the right and the left are outraged at the idea of using taxpayer money to bail out America's financial system. They're right to be outraged, but doing nothing isn't a serious option. Right now, players throughout the system are refusing …
Washington Post:
Away from Wall Street, Economists Question Basis of Paulson's Plan — The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken very quickly and that this action …
Michael Dobbs / Washington Post:
Four Pinocchios for Biden's Tax Fabrication … Democratic vice presidential hopeful Joe Biden claims that middle class Americans will be slapped with the “largest tax increase in American history” as a result of the McCain health care plan. It is true that McCain has proposed taxing …
Jack Fowler / The Corner:
ACORN — NUTS! — So a huge chunk of this proposed bailout is going to end up in the coffers of the Association of Community Organizations for Reform Now? Before you do anything else, check out this report - “ACORN's Hypocritical House of Cards: How One “Community” Group Helped …
Discussion:
PR Newswire
Fox News:
Huckabee Calls McCain Debate Ploy a ‘Huge Mistake’ — MOBILE, Ala. — Former Arkansas Gov. Mike Huckabee said Thursday that Sen. John McCain made a “huge mistake” by even discussing canceling the presidential debate with Sen. Barack Obama. — McCain's campaign has said the Republican …
Hugh Hewitt / Townhall.com:
Memo To House Republicans — Here's a shocker: No one likes the risks involved in Paulson 2.0 or the precedent of using so much public money to rescue reckless bankers, both private and semi-private.. — But there is a very good chance that (1) it will actually make money for the Treasury and …
Washington Post:
Palin Accepted $25,000 in Gifts, Alaska Records Show — Alaska Gov. Sarah Palin, who has made a crackdown on gift-giving to state officials a centerpiece of her ethics reform agenda, has accepted gifts valued at $25,367 from industry executives, municipalities and a cultural center whose …
Slate:
SLATE PREDICTS MCCAIN'S NEXT 10 HAIL MARY STUNTS. — 1. Returns to Vietnam and jails himself. — 2. Offers the post of “vice vice president” to Warren Buffett. — 3. Challenges Obama to suspend campaign so they both can go and personally drill for oil offshore. — 4. Learns to use computer.
Discussion:
Firedoglake
Myglesias / Matthew Yglesias:
Palin on the Bailout — Sarah Palin gives her view of the economic crisis: — I decline to comment on what this reveals about her fitness for office.
Discussion:
Swampland
David Kurtz / Talking Points Memo:
CHANNELING HERBERT HOOVER — John Harwood on CNBC: McCain will own any market sell-off today. — Dow dropped 130 points in first two minutes of trading ...
Discussion:
Spin Cycle
John McCormack / Weekly Standard:
Barney Frank Slams McCain — Politico's Patrick O'Connor reports that Democratic House financial services committee chairman Barney Frank slammed John McCain for engaging in the bailout negotiations: … Why does Barney Frank think he's in a position to say McCain is unqualified to be at the negotiating table?
Mark Sanford / Washington Post:
A Bailout for All Our Bad Decisions? — I am worried for our country — not so much because of the tumult in the financial markets but because of the federal government's response and its implications. — It seems that each new crisis is met with a new answer from the government.
Discussion:
Townhall.com
Patrick Healy / New York Times:
In a Time of Crisis, Is Obama Too Cool? — DUNEDIN, Fla. — Where many politicians would have aspired to show anger, Senator Barack Obama spoke in a soft, even tone as he reached the crescendo of his speech Wednesday about government mismanagement of the economy.
Think Progress:
ThinkProgress Liveblogging Tonight's Presidential Debate — Whether or not Sen. John McCain (R-AZ) decides to show up to tonight's presidential debate at the University of Mississippi — we'll have you covered. — The entire ThinkProgress team — including the Wonk Room and Matt Yglesias …
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