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 …

Palin On Biden Age Comment  —  Exclusive: Sarah Palin explains a facetious comment she made about Joe Biden's years in the Senate.  Watch Katie Couric's interview with Sarah Palin tonight on the CBS Evening News.

The best and worst case scenarios  —  The best case scenario: The bad banks continue to be bought up, there is no run on hedge funds next Tuesday, only mid-sized European banks fail, money market funds keep on buying commercial paper, and the Fed and Treasury continue to operate on a case-by-case basis.

Unlike Clinton, Biden Gets Pass for Saying He Was ‘Shot At’ in Iraq  —  When Hillary Clinton told a tall tale about “landing under sniper fire” in Bosnia, she was accused of “inflating her war experience” by Barack Obama's campaign — but the campaign has been silent about Joe Biden telling …

RNC ad, was cut, sent out before package failed  —  The Republican National Committee's new advertisement critical of the the Wall Street “bailout” was produced and sent to television stations in key states before the package failed, officials at two stations said.  —  “Wall Street Squanders our money.

Gallup Daily: Obama Holds 6-Point Lead  —  Two weeks since McCain's had any advantage in voter preferences  —  PRINCETON, NJ — Barack Obama continues to hold a significant lead over John McCain in Gallup Poll Daily tracking, 49% to 43%.  —  This is based on interviewing conducted Sept. 27-29 …

SEIU Endorses DeFazio Bill to Address Financial Crisis  —  New Plan Would Protect Taxpayers, Tighten Regulatory Safeguards  —  WASHINGTON, DC - The two million-member SEIU (Service Employees International Union) is backing the plan announced today by Rep. Peter DeFazio and other Members …

Obama aide takes age swipe at McCain  —  Obama communications guru Robert Gibbs this morning compared John McCain's response to the economic crisis to an unsteady driver, a not-so-subtle dig at the Republican's age.  —  “Look, if he's driving a car, get off the sidewalk,” …

Bloomberg Called Ready to Announce Third-Term Bid  —  After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor, according to three people who have been told of his plans.

Commentary: Bankruptcy, not bailout, is the right answer  —  Editor's note: Jeffrey A. Miron is senior lecturer in economics at Harvard University.  A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.

IF AT FIRST YOU DON'T SUCCEED, SUSPEND AGAIN!  —  John McCain made the morning show rounds today.  On Fox they were virtually begging him to “suspend” his campaign again in the wake of the bailout failure yesterday on the Hill.  You know, since it worked out so well the first time.

A House Divided Along Twisted Lines  —  The bailout bill was going down to defeat on the House floor yesterday, and Democratic and Republican leaders were desperately trying to twist arms and change votes when a bipartisan group of backbenchers began to heckle them.

Why McCain Lost (The Debate, That Is)  —  It feels somewhat irrelevant given how quickly economic events seem to be overtaking the campaign, but here's a quick final thought on last Friday's debate, and why the great and good American people (at least judging by the polls to date) …

Hugo of Arabia?  —  A Democrat sends over this clip from John McCain's economic forum just now, in which McCain, talking about energy policy, stresses the importance of “ensuring that America is secure, and not dependent on oil from people like Hugo Chavez or other parts of the Middle East which is …

Ideal of the Scoop  —  Following are excerpts of remarks by the Editor of the Sun, Seth Lipsky, to the newspaper's staff:  —  It is my duty to report today that Ira Stoll and I and our partners have concluded that the Sun will cease publication.  Our last number will be the issue dated September 30, the first day of Rosh Hashanah.