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:
Washington Post, Corrente, Scripting News, marbury, Kevin Drum, The Other McCain and Ross Douthat
RELATED:
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:
The Caucus, 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.
Paul Krugman:
OK, we are a banana republic — House votes no. Rex Nutting has the best line: House to Wall Street: Drop Dead. He also correctly places the blame and/or credit with House Republicans. For reasons I've already explained, I don't think the Dem leadership was in a position to craft a bill …
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
Washington Post:
An Appeal and a Blame Game — Nominees Link Each Other to Crisis, Urge Action on Hill — Reacting to the House's defeat of a $700 billion economic rescue proposal Monday, Sens. Barack Obama and John McCain called on Congress to pass a new bill and then sought to blame each other for the deadlock on Capitol Hill.
Discussion:
marbury
Jared Allen / The Hill:The bailout implodes — The historic $700 billion bill aimed …
Discussion:
Firedoglake
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 …
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 …
Mark Silva / The Swamp:Palin, Couric, ‘gotcha journals,’ cowboys
Discussion:
Jonathan Martin's Blogs
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 …
Bloomberg:
Fed Pumps Further $630 Billion Into Financial System — Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
RELATED:
Ian Welsh / Firedoglake:Fed to Congress: We'll Just Print 630 billion dollars K? Thx Bye.
Discussion:
The Seminal
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 …
RELATED:
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 …
RELATED:
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.
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.
Rasmussen Reports:
FOX/Rasmussen Swing State Polling - September 28, 2008 — Overview — Polling this week in Colorado, Florida, Ohio, Pennsylvania, and Virginia shows that Barack Obama has gained a net 3 to 5 percentage points in each state compared to the previous Fox News/ Rasmussen Reports poll.
Hartford Courant:
Dodd Cites His Record — Dodd, in turn, points to a string of alarms he says he sounded as the housing market melted down — speeches and letters to federal regulators urging an end to predatory lending practices and relief for homeowners facing foreclosure.
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.
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