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2:45 AM ET, September 30, 2008

memeorandum

 Top Items: 
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.
RELATED:
Larry Kudlow / The Corner:
The End of the U.S. Financial System as We Know It?  —  A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.
David Brooks / New York Times:
Revolt of the Nihilists  —  In 1933, Franklin Roosevelt inherited an economic crisis.
Discussion: Kevin Drum
Jared Allen / The Hill:
The bailout implodes  —  The historic $700 billion bill aimed …
Discussion: Firedoglake
Andy McCarthy / The Corner:
I respectfully dissent  —  I do not understand why those who've voted …
Discussion: Power Line
Jackie Calmes / New York Times:
In Bailout Vote, a Leadership Breakdown
Discussion: The Anonymous Liberal
Phil Singer / The Marathon Blog:
The Cry Baby Strategy Is Back...
Discussion: The Moderate Voice and Spin Cycle
Marc Ambinder:
A Failure To Communicate (What We Have Here)  —  John McCain has a fundamental problem.
Discussion: Sound Politics
Josh Richman / insideBayArea:
House locals weigh in on bailout bill
Discussion: Spin Cycle and The New Republic
New York Times:   Trying to Avoid Economic Calamity, Lawmakers Grope for Resolution
Mark Silva / The Swamp:
Wall Street bailout: Congress ‘must move’
Discussion: The Crypt's Blogs
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.
RELATED:
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 …
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 …
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 …
Discussion: The Corner
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:
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 …
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
New York Times:
With Deal's Collapse, the McCain Camp Attacks
Discussion: THE ASTUTE BLOGGERS
Rex Nutting / MarketWatch:
House to Wall Street: Drop dead
Discussion: Deal Journal and Corrente
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.
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, TheZoo and Spin Cycle
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 …
RELATED:
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
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 …
Robert Reich / Robert Reich's Blog:
The Stalled Deal  —  The Bailout of All Bailouts just got voted down, 228 to 205.  There's the expected partisan finger-pointing but House leaders will schedule another vote as soon as they can convince twelve of the nay-sayers, from either party, to approve.  —  Wild card: Angry voters who go to the polls in five weeks.
Discussion: Newshoggers.com and Daily Kos
 
 
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 More Items: 
Arnold Kling / EconLog:
Revolt of the Elites  —  I am getting ready to take a couple days off from blogging.
Discussion: Eunomia
Ed Morrissey / Hot Air:
Party like it's 1999 redux: The New York Times predicted Fannie Mae failure
Discussion: THE ASTUTE BLOGGERS
Kathryn Jean Lopez / The Corner:
Can You Blame Americans If They Wonder?
Times of London:
US banking bailout in chaos after shock House of Representatives vote
Discussion: The Moderate Voice
Associated Press:
Courts Allow Early Voting Week in Ohio
 Earlier Items: 
Megan McArdle:
Prisoner's dilemma  —  Dan Drezner has a great post:
Discussion: Hot Air
The Rothenberg / The Rothenberg Political Report:
Kentucky Senate: Ratings Change Favors Democrats
David Kurtz / Talking Points Memo:
FRED AND GINGER THEY AIN'T  —  John and Sarah take on Katie Couric ... together:
Discussion: AMERICAblog News
Michelle Malkin:
Breaking: It's official. …