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 …

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.

McCain: $700B plan is a ‘rescue’ effort, not a bailout  —  (CNN) — The $700 billion financial plan for Wall Street failed in the House of Representatives because people are not convinced it is a “rescue effort,” Republican presidential candidate Sen. John McCain told CNN's “American Morning.”

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 …

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.

52.4 Million Watched McCain And Obama's First Debate  —  According to data from across 11 networks, the first presidential debate on September 26 between John McCain and Barack Obama drew 52.4 million viewers.  —  The TV audience for the first presidential debate of the 2008 election …

Bush Urges Congress to Pass Bailout  —  WASHINGTON —President Bush urged lawmakers again on Tuesday to quickly approve an economic bailout plan, a day after the House rejected a $700 billion proposal that the White House had negotiated with Congressional leaders of both parties.

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.

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.

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.

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 …

$700 billion bailout?  You ain't seen nothin'  —  Think $700 billion to bail out Wall Street is expensive?  Just wait.  The mortgage meltdown is cheap compared with the coming fiscal firestorm fanned by unfunded Social Security and Medicare costs.  —  Together, these programs hold unfunded …

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.