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10:15 PM ET, September 29, 2008

memeorandum

 Top Items: 
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 …
RELATED:
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: TalkLeft, Corrente and AMERICAblog News
Paul Krugman:
Bailout questions answered  —  I'm being asked two big questions about this thing: (1) Was it really necessary?  (2) Shouldn't Dems have tossed the whole Paulson approach out the window and done something completely different?  —  On (1), the answer is yes.
David Kurtz / Talking Points Memo:
THAT MEAN, NASTY NANCY PELOSI  —  Here's the Pelosi floor speech that Republicans claim so enraged them that they decided to change their votes on the bailout:  —  And here is the Republican House leadership laying all the blame at Pelosi's feet:
Discussion: The RBC, Spin Cycle and TheZoo
Mark Halperin / TIME.com:
Rep. Pelosi's Remarks on Floor Ahead of House Bailout Vote  —  Her remarks, as prepared for delivery, according to Rep. Pelosi's office:  —  “Madam Speaker, when was the last time someone asked you for $700 billion?  —  It is a number that is staggering, but tells us only the costs …
New York Times:
House Rejects Bailout Package, 228-205; Stocks Plunge
SilentPatriot / Crooks and Liars:
Shorter House GOP: We killed the bailout bill because Pelosi hurt our feelings
Discussion: Politics Blog
David Kurtz / Talking Points Memo:
IT HURT THEIR FEELINGS?  —  Rep. Barney Frank (D-MA) …
Marc Ambinder:   A Failure To Communicate (What We Have Here)  —  John McCain has a fundamental problem.
Frank James / The Swamp:
Bailout sunk by Pelosi speech: Repubs
Discussion: The Crypt's Blogs
Jeffrey Goldberg:
Sarah Palin Endorses Hamas  —  How can it be that some people still pretend that Sarah Palin is suited for high office?  This country has never seen someone so comprehensively unprepared for the vice presidency; Dan Quayle was Metternich by comparison.  I've watched Sarah Palin's interview …
RELATED:
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.
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 …
Howard Kurtz / Washington Post:
‘Substantive’ Press Is Taken for a Spin  —  OXFORD, Miss. — David Axelrod was surrounded by a pack of camera-toting, mike-wielding, pushing-and-shoving media types, one of whom asked whether his man Barack Obama had been “too nice” in the just-completed debate with John McCain.
Discussion: TheZoo and Marc Ambinder
Ben Smith / Ben Smith's Blogs:   More to come from Palin-Couric  —  Howie Kurtz raised some eyebrows …
David Kurtz / Talking Points Memo:
FRED AND GINGER THEY AIN'T  —  John and Sarah take on Katie Couric ... together:
Discussion: AMERICAblog News
Mark Silva / The Swamp:
Palin, Couric, ‘gotcha journals,’ cowboys
Mike Allen / The Politico:
McCain takes credit for bill before it loses  —  Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition - hours before the vote failed and stocks tanked.  —  The rush to claim he had engineered a victory now looks like a strategic blunder …
RELATED:
William Kristol / Weekly Standard:
McCain's Moment  —  No one wants to take ownership of the task of rescuing the economy right now.  The Bush-Paulson plan has failed.  The administration, House Democrats, and House Republicans (above all) have all proved unable to deliver.  But there is someone who might be able to save the economy …
Charles Babington / Associated Press:
Analysis: House vote against bailout wounds McCain  —  WASHINGTON - The house always wins, gamblers are warned, and the U.S. House made John McCain pay Monday for his politically risky, high-profile involvement in a financial rescue plan that came crashing down, mainly at the hands of his fellow Republicans.
Discussion: Don Surber and Comedy Central
Ross Douthat:   A Fourth Scenario  —  Per Kristol: John McCain flies …
Ben Smith / Ben Smith's Blogs:
McCain blames Obama, not House GOP, for House vote
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.
Discussion: American Power
RELATED:
Ross Douthat:
Three Scenarios  —  The best case: This is an example …
Discussion: The American Scene
Rasmussen Reports:
Opposition to Bailout Plan Falls Dramatically
Discussion: Donklephant and Eunomia
Nate Silver / FiveThirtyEight.com:
Swing District Congressmen Doomed Bailout  —  This was predictable, I suppose, but it's remarkable to see how strong a relationship there is between today's failed vote on the bailout and the competitive nature of different House races.  —  Among 38 incumbent congressmen in races rated as …
RELATED:
Nate Silver / FiveThirtyEight.com:
More Bailout Thoughts  —  WARNING: This stuff is a little bit above …
Discussion: The Daily Dish
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.
Discussion: Firedoglake and Crooks and Liars
 
 
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 More Items: 
The Rothenberg / The Rothenberg Political Report:
Kentucky Senate: Ratings Change Favors Democrats
Andy McCarthy / The Corner:
I respectfully dissent  —  I do not understand why those who've voted …
Discussion: Power Line
Josh Marshall / Talking Points Memo:
BUT I'M AN ORPHAN, HE TOLD THE JUDGE ...
Mark Knoller / CBS News:
Bush Administration Adds $4 Trillion To National Debt
Ian Welsh / Firedoglake:
Give Paulson 150 Billion and Come Back In January and Do it RIGHT …
The Politico:
McCain blames Obama for bailout defeat
Discussion: The Moderate Voice
 Earlier Items: 
Amb. Richard C. Holbrooke / The Huffington Post:
Calm, Methodical Obama vs. Angry, Ungracious McCain
Discussion: Swampland and NewsBusters.org
Alexandra Twin / CNNMoney.com:
Stocks crushed  —  Dow down 778, worst point drop ever …
Michelle Malkin:
Breaking: It's official. …
Jonathan Martin / Jonathan Martin's Blogs:
Obama sought rape victim for ad
Discussion: Lonewacko and American Power
Brad Flora / Windy Citizen Full Feed:
Chicago dive bar scores hit with nude Sarah Palin portrait
Discussion: Gawker and Wake up America