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 …
Discussion:
BuzzMachine, Corrente, Scripting News, marbury, Kevin Drum, The Other McCain and Ross Douthat
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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.
Discussion:
Power Line, Hugh Hewitt's TownHall Blog, THE ASTUTE BLOGGERS, New York Times and The Other McCain
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.
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.
Discussion:
MyDD, San Francisco Chronicle, The Moderate Voice, Corrente, AMERICAblog News and TalkLeft
Wall Street Journal:
The Beltway Crash — Congress lives up to its 10% approval rating.
The Beltway Crash — Congress lives up to its 10% approval rating.
Discussion:
Washington Monthly
Jared Allen / The Hill:
The bailout implodes — The historic $700 billion bill aimed …
The bailout implodes — The historic $700 billion bill aimed …
Discussion:
Firedoglake
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 …
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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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 …
Roger Simon / The Politico:
Biden's strategy: Go easy on Palin — If Sarah Palin goofs, flounders, stumbles or blunders during her debate against Joe Biden on Thursday night, Biden is going to let it slide. — “If she makes a gaffe, he underplays it,” one of the people prepping Biden for his vice presidential debate told me.
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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 …
Washington Post:
Treasury, Fed Low on Rescue Options — The failure of the $700 billion bailout bill leaves Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke with few options to continue their urgent campaign to rescue the financial system.
Discussion:
TIME.com
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Victor Davis Hanson / The Corner:
A Defining Moment — The stage is set for someone to play Washington, Lincoln, or Churchill. An entire generation of leadership is failing, as the world watches aghast. — Greedy Wall Street hot shots are worse than discredited. — Rep. Nancy Pelosi at the hour of national crisis proved …
Jacques Steinberg / New York Times:
With Brokaw as Elder Statesman, NBC Plans Future of ‘Meet the Press’ — WASHINGTON — Sometime between Election Day and early December, NBC News will make a final decision about who will replace Tim Russert and his interim successor, Tom Brokaw, at the helm of “Meet the Press,” Steve Capus …
Discussion:
Think Progress
Klaus Marre / The Hill:
Republicans fault Pelosi speech for bailout's failure — House Republicans on Monday blamed a partisan speech from Speaker Nancy Pelosi for the failure of a massive Wall Street bailout measure. — “I do believe that we could have gotten there today had it not been for this partisan speech …
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Bob Herbert / New York Times:
When Madmen Reign — Madness. — I'm not holding my breath, but I would like to see the self-proclaimed conservative, small government, anti-regulation, free-market zealots step up and take responsibility for wrecking the American economy and bringing about the worst financial crisis since the Depression.
Washington Post:
Wall St. Problems Viewed as ‘Crisis’ in Latest Poll — Most Americans see the current financial situation as a “crisis,” and there is overwhelming concern that the failure of the House of Representatives to pass the economic recovery package will deepen the problem, according to a new Washington Post-ABC News poll.
Discussion:
TalkLeft
Patrick / FishBowlDC:
Chris Matthews Interviews His Daughter...Without Disclosing It — On Friday's “Hardball,” Chris Matthews interviewed a number of student members of the group Concerned Youth of America. — One of those students — Caroline — is his daughter, a student at the University of Pennsylvania.
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.