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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 …
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Kevin Drum, Salon, Townhall.com, American Spectator, The Daily Whim, Swampland, Washington Monthly, MoJoBlog, Blue Crab Boulevard, Jules Crittenden, BuzzMachine, The Hill's Blog Briefing Room, Hullabaloo, The Anonymous Liberal, Jon Swift, Corrente, EconLog, Scripting News, Grasping Reality …, Marginal Revolution, marbury, The Other McCain, rubber hose and Eunomia
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Thank You, House Republicans — I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts …
Discussion:
protein wisdom
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And What About Those 95 Democrats? — Yes, House Republicans didn't deliver many votes and 66% of them voted against the bill. — But considering that only a dozen votes needed to switch in order to provide a different outcome, and 95 Democrats in the House voted against it …
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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.
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Newshoggers.com, The New Republic, CNN, AMERICAblog News, Salon, Reason, Balloon Juice, Emptywheel, Comments from Left Field and Wonkette
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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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The Swamp, The Moderate Voice, Comments from Left Field, Jules Crittenden, The Caucus, Hot Air, TIME.com, MSNBC and JammieWearingFool
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Why more briefings won't help Sarah Palin — Adam Nagourney has a good story in the New York Times about growing Republican fears that Sarah Palin, the GOP's vice presidential nominee, is going to crash and burn in Thursday's debate with Democrat Joe Biden.
Discussion:
The Hill's Blog Briefing Room, Salon, New York Times, cab drollery, Raising Kaine and Donklephant
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Biden Focuses on Debate Prep, Mishears Question on Rejection of Bailout Bill
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Overnight-Lending Markets Still Flashing Red — Min Zeng and Mark Gongloff report. — If you only watch the stock market, where the Dow was recently up more than 250 points, you might get the mistaken impression all is well with the world on the Tuesday after the latest Black Monday.
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STATE OF THE CREDIT MARKETS. — As an unsettling follow-up to the previous post, the credit markets are, as the Wall Street Journal puts it, blinking red. And it's worth being clear on what this means. Wall Street is Wall Street. It remains primarily a playground for the wealthy.
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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.
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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 …
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Townhall.com
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After Sarah Palin VP debate, Joe Biden to step aside for Hillary Clinton?
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Washington Post
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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.
Discussion:
Ben Smith's Blogs, The Corner, New York Times, Gothamist, Althouse, Hot Air, Gawker, New York Post and TPMCafe
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Media: Bush Is The ‘Picture Of A Beaten Dog’ — In the wake of yesterday's congressional meltdown over the bailout bill, President Bush gave a speech this morning, meant to reassure the public and the volatile financial markets. Just four minutes long, the address expressed disappointment …
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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 …
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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.
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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.
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McCain And Obama Highs And Lows From Debate Dial Tests — During the first presidential debate on September 26, Barack Obama's comments on oil independence, health care, the Iraq War, and Al Qaeda drew the most positive responses from a panel of uncommitted, registered voters who allowed CBS …