Top Items:
Mike Allen / The Politico:
McCain takes credit for bill before it loses — Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition - hours before the vote failed and stocks tanked. — The rush to claim he had engineered a victory now looks like a strategic blunder …
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New York Times:
House Rejects Bailout Package, 228-205; Stocks Plunge — WASHINGTON — In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry. The vote came in stunning defiance of President Bush …
Discussion:
The Huffington Post, The Moderate Voice, CNNMoney.com, Washington Post, Swampland, Washington Monthly, Neptunus Lex, Guardian, The New Republic, marbury, LAist, Below The Beltway, The Caucus, Economix, NewsBusters.org, Capital Gains and Games blogs, Kevin Drum, The Impolitic, Gawker, Undiplomatic, Colorado Independent, ECHIDNE OF THE SNAKES, About.com US Politics, Opinions You Should Have and DealBook
Paul Krugman:
Bailout questions answered — I'm being asked two big questions about this thing: (1) Was it really necessary? (2) Shouldn't Dems have tossed the whole Paulson approach out the window and done something completely different? — On (1), the answer is yes.
Paul Krugman:
OK, we are a banana republic — House votes no. Rex Nutting has the best line: House to Wall Street: Drop Dead. He also correctly places the blame and/or credit with House Republicans. For reasons I've already explained, I don't think the Dem leadership was in a position to craft a bill …
Michelle Malkin:
Nancy Pelosi's bailout attack speech on the House floor; Update: Pence statement added — I noted it during my liveblog of the House debate. Here's a video sample of her crap sandwich. As I mentioned while it was happening, she received multiple rounds of applause on the floor before and after her spittle-flecked statement.
Glenn Greenwald / Salon:Bailout follows the 10 normal principles for how our government functions
Discussion:
CNN, Guardian, unbossed.com, Taylor Marsh, Unqualified Offerings, Preemptive Karma and Daily Kos
SilentPatriot / Crooks and Liars:Shorter House GOP: We killed the bailout bill because Pelosi hurt our feelings
Discussion:
Politics Blog
Ed Morrissey / Hot Air:Breaking: Bailout bill fails, Dow roller-coasters; Update: Pelosi speech added
Marc Ambinder:McCain's Share of The Blame?
Discussion:
Crooks and Liars, Jonathan Martin's Blogs, Trailhead, Stumper, Swampland and Taylor Marsh
Patrick Edaburn / The Moderate Voice:House REJECTS Bailout Bill
Discussion:
Comments from Left Field
Jeffrey Goldberg:
Sarah Palin Endorses Hamas — How can it be that some people still pretend that Sarah Palin is suited for high office? This country has never seen someone so comprehensively unprepared for the vice presidency; Dan Quayle was Metternich by comparison. I've watched Sarah Palin's interview …
Discussion:
Matthew Yglesias, Comments from Left Field, American Footprints, Eunomia and Politics Blog
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Howard Kurtz / Washington Post:
‘Substantive’ Press Is Taken for a Spin — OXFORD, Miss. — David Axelrod was surrounded by a pack of camera-toting, mike-wielding, pushing-and-shoving media types, one of whom asked whether his man Barack Obama had been “too nice” in the just-completed debate with John McCain.
Ben Smith / Ben Smith's Blogs:
More to come from Palin-Couric — Howie Kurtz raised some eyebrows by reporting this morning that “the worst may be yet to come for Palin; sources say CBS has two more responses on tape that will likely prove embarrassing.” — A source familiar with CBS News' plans clarified that this is part of the …
Jonathan Martin / Jonathan Martin's Blogs:
In re-introduction, Palin to do more interviews and “tell her story” — Tacitly acknowledging criticism that she's been diminished in part by an overly protective media shield, Sarah Palin will take a more forward-leaning approach and do additional interviews in the weeks ahead, a top aide said today.
Discussion:
Spin Cycle
Monica Langley / Wall Street Journal:Game Plan for Palin Is Retooled Ahead of Debate
Discussion:
TalkLeft, Marc Ambinder, The Caucus, CNN, American Power, The Mudflats, Right Wing Watch, Pacific Views and Taylor Marsh
Chris Isidore / CNNMoney.com:
Bailout plan rejected — House leaders scramble for support for controversial Wall Street plan. — NEW YORK (CNNMoney.com) — The fate of the Bush administration's $700 billion financial bailout plan was abruptly thrown in doubt Monday as a House vote turned against the controversial measure.
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Alexandra Twin / CNNMoney.com:
Stocks crushed — Dow down 778, worst point drop ever, after the House rejects the $700 billion bank bailout plan. — NEW YORK (CNNMoney.com) — Stocks skidded Monday afternoon, with the Dow's nearly 778-point drop being the worst single-day point loss ever, after the House rejected the government's $700 billion bank bailout plan.
Discussion:
The Curious Capitalist
Nate Silver / FiveThirtyEight.com:
Swing District Congressmen Doomed Bailout — This was predictable, I suppose, but it's remarkable to see how strong a relationship there is between today's failed vote on the bailout and the competitive nature of different House races. — Among 38 incumbent congressmen in races rated as …
Jonathan Martin / Jonathan Martin's Blogs:
Obama sought rape victim for ad — Barack Obama's campaign earlier this month sought to find a rape victim to appear in a campaign commercial, according to an e-mail obtained by Politico. — Kiersten Steward, director of public policy at the Family Violence Prevention Fund …
William Kristol / Weekly Standard:
McCain's Moment — No one wants to take ownership of the task of rescuing the economy right now. The Bush-Paulson plan has failed. The administration, House Democrats, and House Republicans (above all) have all proved unable to deliver. But there is someone who might be able to save the economy …
Gallup:
Gallup Daily: Obama Maintains 8-Point Lead — Registered voters prefer Obama to McCain, 50% to 42% — PRINCETON, NJ — The latest Gallup Poll Daily tracking update, based on Sept. 26-28 polling, shows Barack Obama with a 50% to 42% lead over John McCain, unchanged from the prior report.
Discussion:
The Politico, American Spectator, MyDD, Washington Post, Below The Beltway, The Other McCain, Salon and TPM Election Central
Ezra Klein / American Prospect:
A FAILURE OF POLITICS. — The final vote was 205 in favor, 228 against. This is a huge failure. A revolt of the incumbents. More Republicans voted to kill the bill than did Democrats, but not by that much. The leadership of both parties were whipping in the bills favor.
Discussion:
The Hill's Blog Briefing Room, TalkLeft, The Corner, Outside The Beltway, Eunomia, L.A. Land and Undiplomatic
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