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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:
Matthew Yglesias, Salon, Townhall.com, American Spectator, The Daily Whim, Hullabaloo, Blue Crab Boulevard, Swampland, MoJoBlog, The Anonymous Liberal, Jon Swift, Jules Crittenden, BuzzMachine, The Hill's Blog Briefing Room, EconLog, Corrente, Scripting News, Grasping Reality …, Marginal Revolution, Kevin Drum, marbury, The Other McCain, American Power and rubber hose
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Nitya / Political Punch:
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 …
Mark R. Levin / The Corner:
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
Wall Street Journal:
The Beltway Crash — Congress lives up to its 10% approval rating. — America has survived a feckless political class in the past, and it will again after this week. But Monday's crash and burn of the Paulson plan on Capitol Hill reveals a Washington elite that has earned every bit of the disdain that Americans have for it.
Discussion:
Washington Monthly
Kevin Drum / Mother Jones:Notes on the Bailout
Discussion:
Matthew Yglesias, Grasping Reality …, Washington Monthly, Angry Bear and Left in the West
Ben Smith / Ben Smith's Blogs:
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.
Discussion:
Newshoggers.com, AMERICAblog News, The New Republic, Reason, Balloon Juice, Emptywheel and Wonkette
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Ben Smith / Ben Smith's Blogs:
RNC: ‘Worse’ — The Republican Party's independent expenditure arm is up with an ad that hints at opposing the bailout, and links Obama's spending plans, in a vague but ominous way, to it. — The ad was expected to air in Indiana and Virginia, along with more traditional battlegrounds of Pennsylvania, Ohio, Michigan, and Wisconsin.
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.
Discussion:
The Moderate Voice, Comments from Left Field, Jules Crittenden, The Caucus, Hot Air, TIME.com, MSNBC and JammieWearingFool
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Blake Hounshell / FP Passport:
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, New York Times, Salon, Raising Kaine, cab drollery and Donklephant
Andrew Malcolm / Top of the Ticket:After Sarah Palin VP debate, Joe Biden to step aside for Hillary Clinton?
Discussion:
Washington Post
Dana Milbank / Washington Post:
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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New York Sun:
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, New York Post, Gawker and TPMCafe
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.
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Amanda / Think Progress:
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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Jeffrey A. Miron / CNN:
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.
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 …
David Kurtz / Talking Points Memo:
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.
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 …
Discussion:
Townhall.com, Hot Air, Macsmind, The Strata-Sphere, Sound Politics, Whiskey Fire, Patterico's Pontifications and TBogg
Ben Smith / Ben Smith's Blogs:
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 …
Jane Hamsher / Firedoglake:
GOP In Disarray, Won't Follow McCain — No matter what you want to say about the bailout, the Democratic leadership managed to actually lead. The Republicans agreed to a bill and then couldn't deliver the votes they promised. Now every Republican congressman you've never heard of is engaging …
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