Matt Yglesias notes this remarkable response from Sarah Palin on the bailout. Back when I was young, before the dawn of history, there was a comedian named Professor Irwin Corey who would be asked a simple question and turn it into a masterpiece of doubletalk. Palin reminds me of him. Only it’s not funny.
On Wednesday, John McCain bet big. Instead of staying on the sidelines with Barack Obama, he shoved himself into the middle of the debate over a highly controversial, and likely unpopular, federal bailout of financial institutions with home mortgages they can no longer price. To underscore his commitment, he said tonight’s debate should be delayed. [...]
The New York Times has an excellent account of the impact of John McCain’s bailout freakout on the actual work of negotiating a compromise. There are several stunning revelations here. First, House Minority Leader John Boehner’s top aide pretty much conceded that among the motivations for the House Republicans’ refusal to go along with the [...]
In the new dead-tree TIME, Massimo Calabresi and I have this story about Henry Paulson, Ben Bernanke and Timothy Geithner. It is a look at the three men who have been holding the financial system together, and the reason they engineered a bailout. That bailout, of course, is in limbo today, after yesterday’s White House [...]
