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24 September 2008 @ 01:54 pm
by the numbers  
"So this is what happens when the president of the United States has virtually no credibility left. The nation is facing a serious financial crisis. But neither the public nor Congress have confidence in the solutions being put forth by President Bush's appointed economic leads. Americans have learned what questions to ask when the Bush team starts to make threats. Is the situation as bad as they say? Do we have to respond the way they say? Are there any better alternatives? Do we have to act as fast as they say? And is it possible they don't know what they're doing?"

FINANCIAL APOCALYPSE EDITION:
* Good read: fifteen things you need to know about the Panic of 2008. "A crash course in why it happened, how it's strangling the nation's finances and how it might work itself out." (Courtesy mscongeniality.)
* Five reasons to give thanks for the financial collapse of the decade. (Courtesy my dad.)
* Three big problems with the bailout plan.
* Andrew Cohen on the bailout and the law.

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Tales from a suburban tourist: LINCOLNHEAD!  YAY!asimplelife on September 24th, 2008 06:02 pm (UTC)
LINCOLN PENNY!

Ok, maybe that's just awesome news in *my* eyes!
PMMJ: Newscheetahmaster on September 24th, 2008 06:14 pm (UTC)
"And in Monday's column I wrote about how, although Bush's heart doesn't seem to be in it, the plan nevertheless has distinctive characteristics of major Bush initiatives past: It would be spectacularly expensive, primarily benefit the very rich, and grant the executive branch unlimited power with no transparency or accountability."
-more Froomkin
Lord Multiplexer, King of Michiganmultiplexer on September 24th, 2008 07:18 pm (UTC)
No link yet, but McCain just suspended his campaign to work on the financial crisis. No idea what that means.
Adrian: Hopelessadrian232 on September 24th, 2008 07:48 pm (UTC)
It means he's going back into one of his mansions to buy more shares in Bank of America.
Lord Multiplexer, King of Michiganmultiplexer on September 24th, 2008 07:41 pm (UTC)
From Balkanization (and Sandy Levinson):

So Mr. Plain Talk, who has held no genuine news conference in over a month, now wants to reschedule the Friday debate because of the economic crisis. Instead, he is seemingly calling for a national summit of leaders, including himself and Obama, to meet in Washington and put their collective minds to the task of rescuing the US economy. One wonders exactly why holding a debate and meeting in Washington are mutually exclusive. But I have a further question: Would Senator McCain, committed to "putting country first," also suggest that the deliberations at his proposed summit would be enhanced by the insights of Gov. Sarah Palin? Or should she be present, ex officio, because, after all, she could find herself unexpectedly succeeding the 72-year-old McCain as president and the summit might begin her process of education, similar, no doubt to her briefing session with the octagenarian Henry Kissinger yesterday in New York? (The real question is whether John McCain, whom I once admired greatly, has any remaining sense of honor or shame.)

(My note: the con law profs on my feeds are so livid they are forgetting how to spell.)
PMMJ: Newscheetahmaster on September 24th, 2008 07:47 pm (UTC)
W.o.w.
Lord Multiplexer, King of Michiganmultiplexer on September 24th, 2008 07:50 pm (UTC)
MAKE THEM DEBATE.
FREE SARAH PALIN.
Lord Multiplexer, King of Michiganmultiplexer on September 24th, 2008 08:31 pm (UTC)
Joel Klein at time:

McCain suspends his campaign because of financial crisis? Oh please. Given today's poll numbers--even Fox has him dropping--it seems another Hail Mary (like the feckless selection of Palin) to try make McCain seem a statesman, which is difficult given the puerile tenor of his campaign's message operation.

Perhaps, if he's really interested in this financial stuff, McCain should propose that he and Obama change the topic from foreign policy to economics this Friday night--they could even stage the debate in Washington, so they wouldn't have to stray far from the bailout negotiations. I'm sure their fellow members of the Senate won't mind if McCain and Obama spend a few hours enlightening the public on this crucial subject.

Oh, and By the Way : I thought it was fairly gimmicky for the Obama campaign to reach out to McCain to make a joint statement of principles about the bailout, too.

(http://www.time-blog.com/swampland/2008/09/gimmicks_r_us.html)

Edited at 2008-09-24 08:32 pm (UTC)