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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 …
Discussion:
Firedoglake, New York Times, MarketWatch, Corrente, The Democratic Daily, Open Left, The Mahablog, Raising Kaine, Economist's View and Balkinization
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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.
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.
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
Marc Ambinder: A Failure To Communicate (What We Have Here) — John McCain has a fundamental problem.
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, Taylor Marsh, Comments from Left Field, American Footprints 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:
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 …
Discussion:
The Swamp
Monica Langley / Wall Street Journal:Game Plan for Palin Is Retooled Ahead of Debate
Discussion:
TalkLeft, Marc Ambinder, The Caucus, CNN, Right Wing Watch, American Power, Pacific Views, The Mudflats and Taylor Marsh
Andrew Malcolm / Top of the Ticket:How Democrats set Sarah Palin up to ‘win’ Thursday's VP debate
Discussion:
Newshoggers.com
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, Hullabaloo, Comedy Central, Oliver Willis, TPM Election Central and Spin Cycle
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Marc Ambinder:McCain's Share of The Blame?
Discussion:
Crooks and Liars, Jonathan Martin's Blogs, Swampland, Trailhead, Stumper and Taylor Marsh
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.
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Ed Morrissey / Hot Air:
Breaking: Bailout bill fails, Dow roller-coasters; Update: Pelosi speech added — This has to be considered a shocker. The bailout bill failed in the House, and it wasn't especially close. The final tally was 207-226, with Democrats supporting it 141-94, while Republicans opposed it 66-132.
SilentPatriot / Crooks and Liars:Shorter House GOP: We killed the bailout bill because Pelosi hurt our feelings
Discussion:
Politics Blog
New York Times:
House Rejects Bailout Package, 228-205; Stocks Plunge — In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted to reject a $700 billion rescue of the financial industry.
Discussion:
Newshoggers.com, Washington Post, The Huffington Post, The Moderate Voice, The Reaction, Washington Monthly, LAist, The New Republic, Neptunus Lex, marbury, Guardian, NewsBusters.org, Economix, Kevin Drum, The Impolitic, Gawker, Undiplomatic, Colorado Independent, Below The Beltway, Capital Gains and Games blogs, ECHIDNE OF THE SNAKES and About.com US Politics
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Rasmussen Reports:
Opposition to Bailout Plan Falls Dramatically — As Congress prepares to vote on a proposed economic rescue plan, opposition to the measure has declined significantly. A Rasmussen Reports national telephone survey conducted Sunday found that 33% of Likely Voters now favor the plan while 32% are opposed and 35% are not sure.
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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, The Corner, TalkLeft, Outside The Beltway, L.A. Land and Eunomia
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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 …
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 …
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 …
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.
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