Top Items:
David Brooks / New York Times:
Revolt of the Nihilists — In 1933, Franklin Roosevelt inherited an economic crisis. He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done. — This generation of political leaders is confronting …
RELATED:
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 …
New York Times:
With Deal's Collapse, the McCain Camp Attacks — WEST DES MOINES, Iowa — Besides stockholders whose portfolios were ravaged Monday afternoon, the one person with the most riding on the bailout bill that collapsed in Congress may have been Senator John McCain.
Washington Post:
An Appeal and a Blame Game — Nominees Link Each Other to Crisis, Urge Action on Hill — Reacting to the House's defeat of a $700 billion economic rescue proposal Monday, Sens. Barack Obama and John McCain called on Congress to pass a new bill and then sought to blame each other for the deadlock on Capitol Hill.
Discussion:
marbury
Jackie Calmes / New York Times:
In Bailout Vote, a Leadership Breakdown — WASHINGTON — The collapse of the proposed rescue plan for the teetering financial system was the product of a larger failure — of political leadership in Washington — at a moment when the world was looking to the United States to contain the cascading economic crisis.
Charles Babington / Associated Press:
Analysis: House vote against bailout wounds McCain — WASHINGTON - The house always wins, gamblers are warned, and the U.S. House made John McCain pay Monday for his politically risky, high-profile involvement in a financial rescue plan that came crashing down, mainly at the hands of his fellow Republicans.
Discussion:
Don Surber
Arnold Kling / EconLog:Revolt of the Elites — I am getting ready to take a couple days off from blogging.
Discussion:
Eunomia
Jared Allen / The Hill:The bailout implodes — The historic $700 billion bill aimed …
Discussion:
Firedoglake
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.
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Adam Nagourney / New York Times:
Concerns About Palin's Readiness as a Big Test Nears — A month after Gov. Sarah Palin joined Senator John McCain's ticket to a burst of excitement and anticipation among Republicans, she heads into a critical debate facing challenges from conservatives about her credentials …
CBS News:
Exclusive: McCain, Palin Answer Critics — Katie Couric Asks Palin If She Contradicted McCain On Pakistan And Her Response To GOP Criticism … Katie Couric: Over the weekend, Gov. Palin, you said the U.S. should absolutely launch cross-border attacks from Afghanistan into Pakistan to …
Discussion:
CNN, BAGnewsNotes, Or How I Learned …, NewsBusters.org, unbossed.com, Undiplomatic, Political Machine, Wonkette and No More Mister Nice Blog
Mark Silva / The Swamp:Palin, Couric, ‘gotcha journals,’ cowboys
Discussion:
Jonathan Martin's Blogs
Glenn Reynolds / Pajamas Media:
A READER AT A MAJOR NEWSROOM EMAILS: “Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything …
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.
RELATED:
Ian Welsh / Firedoglake:Fed to Congress: We'll Just Print 630 billion dollars K? Thx Bye.
Discussion:
The Seminal
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:
Marc Ambinder:A Failure To Communicate (What We Have Here) — John McCain has a fundamental problem.
SilentPatriot / Crooks and Liars:Shorter House GOP: We killed the bailout bill because Pelosi hurt our feelings
Jennifer Parker / Political Radar:
Stephanopoulos: What's Next? Congress Mulls Four Options — ABC News' George Stephanopoulos reports: There are meetings going on right now on Capitol Hill to try to figure out what to do about the $700 billion Wall Street bailout bill that failed to pass the House today.
Megan McArdle:
The politics of the bill — There is no glory to go around here. Assume, arguendo, that most people in the House believed both that the bill would be passed, and that anyone who voted for it would suffer politically, except maybe in New York. — Pelosi screwed up royally. She is the Democratic Tom DeLay.
Rasmussen Reports:
FOX/Rasmussen Swing State Polling - September 28, 2008 — Overview — Polling this week in Colorado, Florida, Ohio, Pennsylvania, and Virginia shows that Barack Obama has gained a net 3 to 5 percentage points in each state compared to the previous Fox News/ Rasmussen Reports poll.
Nate Silver / FiveThirtyEight.com:
More Bailout Thoughts — WARNING: This stuff is a little bit above my pay grade, but I hope you'll indulge my thinking out loud: — 1. It's highly likely that some sort of bill will pass the Congress. What kind of bill, I don't know. But the Dow is liable to act as something of a thermostat.
Discussion:
The Daily Dish
RELATED:
Nate Silver / FiveThirtyEight.com:Swing District Congressmen Doomed Bailout
Discussion:
Newshoggers.com, AMERICAblog News, Outside The Beltway, Threat Level, Salon, MoJoBlog, marbury, TIME.com, MyDD and The Moderate Voice
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:
CNN, The Reaction, The Gun Toting Liberal, Boston Globe, TPM Election Central, Hullabaloo, Crooks and Liars and Spin Cycle
Michael Scherer / Swampland:
House GOP Leaders Blame Pelosi's Statement — Republican House Leaders John Boehner and Roy Blunt say they would have had about 12 more votes if Pelosi had not said the following from the floor. (They say they will try again. “I don't know that we know the path forward at this point,” said Boehner.
RELATED:
Mark Halperin / TIME.com:Rep. Pelosi's Remarks on Floor Ahead of House Bailout Vote
Discussion:
Fox News, Think Progress, Gateway Pundit, The Reaction, Michelle Malkin, Crooks and Liars and Marc Ambinder
Enric Volante / Arizona Daily Star:
Massage firm steps up faith- based defense — State calls ‘laying on of hands’ claim a cover for prostitution in Tucson case — State attorneys say John LaVoie should be forever barred from the massage business because he ran a house of prostitution camouflaged as a church.
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