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 …
Discussion:
Boston Globe, Oliver Willis, Comedy Central, Hullabaloo, Daily Kos, Spin Cycle and TPM Election Central
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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 …
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.
Discussion:
The Moderate Voice, Buck Naked Politics, Kevin Drum, Matthew Yglesias and Newshoggers.com
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.
Mark Halperin / TIME.com:
Rep. Pelosi's Remarks on Floor Ahead of House Bailout Vote — Her remarks, as prepared for delivery, according to Rep. Pelosi's office: — “Madam Speaker, when was the last time someone asked you for $700 billion? — It is a number that is staggering, but tells us only the costs …
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:
Michael Moore, Newshoggers.com, The Huffington Post, The Moderate Voice, Swampland, CNNMoney.com, The Reaction, About.com US Liberal Politics, The New Republic, The Caucus, Washington Post, LAist, Emptywheel, Guardian, Kevin Drum, Gawker, Economix, Undiplomatic, Colorado Independent, Below The Beltway, Neptunus Lex, The Impolitic, Capital Gains and Games blogs, ECHIDNE OF THE SNAKES, marbury, Washington Monthly, About.com US Politics, NewsBusters.org and Opinions You Should Have
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
Discussion:
Weekly Standard, The Moderate Voice, JustOneMinute, protein wisdom, Wake up America, Stop The ACLU and culturekitchen
Charles Babington / Associated Press:Analysis: House vote against bailout wounds McCain
Discussion:
Comedy Central
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:
Top of the Ticket, Matthew Yglesias, American Footprints, Comments from Left Field, Taylor Marsh and Eunomia
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Jonathan Martin / Jonathan Martin's Blogs:
In reintroduction, 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:
Ta-Nehisi Coates, The Raw Story, Campaign Silo, Hot Air, CNN, Oliver Willis and Donklephant
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 …
David Kurtz / Talking Points Memo:FRED AND GINGER THEY AIN'T — John and Sarah take on Katie Couric ... together:
Discussion:
AMERICAblog News
Mark Silva / The Swamp:Palin, Couric, ‘gotcha journals,’ cowboys
Discussion:
Jonathan Martin's Blogs
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 …
Discussion:
Democratic Strategist
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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 …
David Kurtz / Talking Points Memo:
THAT MEAN, NASTY NANCY PELOSI — Here's the Pelosi floor speech that Republicans claim so enraged them that they decided to change their votes on the bailout: — And here is the Republican House leadership laying all the blame at Pelosi's feet:
RELATED:
Bloomberg:
Fed Pumps Further $630 Billion Into Financial System — Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
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
Ross Douthat:
Three Scenarios — The best case: This is an example of America's democratic institutions reasserting themselves in the face of the attempt by a panicked technocratic elite to prop up reckless institutions that richly deserve to fail. — The worst case: You know what.
Discussion:
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