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10:25 AM ET, September 30, 2008


 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 …
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.
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.
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.
Washington Post:
An Appeal and a Blame Game
Discussion: marbury
Washington Post:
How the Numbers Failed the Leaders
Wall Street Journal:
Bailout Plan Rejected, Forcing New Scramble to Solve Crisis
Discussion: FP Passport and Guardian
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.
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 …
Perry Bacon Jr / Washington Post:
Democrats See the Pros and Cons of Letting Biden Be Biden
Discussion: Top of the Ticket
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 …
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.”
Jonathan Martin / Jonathan Martin's Blogs:
McCain hits shows, pushes bailout
Discussion: Spin Cycle
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.
James Barron / New York Times:
Losing Money, New York Sun Is to Shut Down After 6 Years
Discussion: AMERICAblog News
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.
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 …
Discussion: Think Progress
White House:
President Bush Discusses Economic Rescue Plan  —  THE PRESIDENT: Good morning.  Yesterday, the House of Representatives voted on a financial rescue plan that had been negotiated by Congressional leaders of both parties and my administration.  Unfortunately, the measure was defeated by a narrow margin.
Jenny Lee-Adrian / Poughkeepsie Journal:
Errant e-mail costs GOP chief post  —  Dutchess County Republican Committee Chairwoman Corinne Weber has resigned over a chain e-mail she forwarded to party members, some of whom were offended by its content.  —  Weber forwarded an e-mail to more than two dozen Republicans on Friday night …
Brian M. Riedl / Heritage Foundation:
$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 …
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 …
Discussion: Gateway Pundit and Hot Air
Washington Post:
Treasury, Fed Low on Rescue Options  —  The failure of the $700 billion bailout bill leaves Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke with few options to continue their urgent campaign to rescue the financial system.
Washington Post:
Wall St. Problems Viewed as ‘Crisis’ in Latest Poll  —  Most Americans see the current financial situation as a “crisis,” and there is overwhelming concern that the failure of the House of Representatives to pass the economic recovery package will deepen the problem, according to a new Washington Post-ABC News poll.
Discussion: TalkLeft
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.
Mona Charen / Real Clear Politics:
ACORN, Obama, and the Mortgage Mess  —  The financial markets were teetering on the edge of an abyss last week.  The secretary of the Treasury was literally on his knees begging the speaker of the House not to sabotage the bailout bill.  The crash of falling banks made the earth tremble.
Discussion: Sister Toldjah
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.
Discussion: Silent Running
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 More Items: 
Ben Smith / Ben Smith's Blogs:
RNC: ‘Worse’  —  The Republican Party's independent expenditure arm …
Discussion: Hot Air
Learn How to Get Real-Time Quotes on Your Mobile Device
Discussion: Hot Air
New York Post:
Digby / Hullabaloo:
Progressive Shock Doctrine
Discussion: TalkLeft, First Draft and Blog entry
Bob Herbert / New York Times:
When Madmen Reign
Hartford Courant:
Dodd Cites His Record
Discussion: The Swamp and Top of the Ticket
Natalie Gewargis / Political Punch:
McCain, Palin & Energy Flubs
 Earlier Items: 
Arnold Kling / EconLog:
Revolt of the Elites  —  I am getting ready to take a couple days off from blogging.
Discussion: The Opinionator and Eunomia
Ed Morrissey / Hot Air:
Party like it's 1999 redux: The New York Times predicted Fannie Mae failure
Kathryn Jean Lopez / The Corner:
Can You Blame Americans If They Wonder?
Discussion: Scared Monkeys
Megan McArdle:
Prisoner's dilemma  —  Dan Drezner has a great post:
Discussion: Hot Air
Andy McCarthy / The Corner:
I respectfully dissent  —  I do not understand why those who've voted …
Discussion: Power Line
Rasmussen Reports:
FOX/Rasmussen Swing State Polling - September 28, 2008
Jonathan Martin / Jonathan Martin's Blogs:
In reintroduction, Palin to do more interviews and “tell her story”

From Mediagazer:

Lucas Manfredi / The Wrap:
Paramount's stock jumps ~14% over reports Skydance Media CEO David Ellison and RedBird Capital's Gerry Cardinale are “kicking the tires” on acquiring its assets

Nick Robertson / The Hill:
ABC News plans to host the sixth Republican presidential primary debate, in New Hampshire on January 18, three days before a CNN debate at the same location

Jeremy Barr / Washington Post:
CBS News journalist Catherine Herridge could face a contempt of court sanction and fines if she does not reveal a source for Fox News stories she wrote in 2017

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