Monthly Archives: September 2008

Stocks skidded this afternoon, with the Dow’s nearly 778-point drop being the worst single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan.

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes

And…there really isn’t much to say. Or maybe there’s something to say, but I just don’t feel like saying it.

Thoughts? Ideas?

This is more of a public service announcement than a blog post.

The debate is on. It’s tonight at 6pm Pacific.

Edit: Just some observances:

6:18 PM: McCain is totally Bush-lite. I can’t believe how he danced around the regulation question. He did the exact same thing as Bush by basically just saying that he believes in the American worker, which has nothing to do with the current crisis we’re in.

6:30 PM: I’m not liking this at all. Obama is talking in abstractions. He needs to talk more about what he’s going to do in detail. McCain is still focusing on cutting spending. Why does McCain continue to dodge the regulation question?

This is bad news: Talks Implode During Day of Chaos

In the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to “blow it up” by withdrawing her party’s support for the package over what Ms. Pelosi derided as a Republican betrayal.

“I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference to Mr. Paulson’s kneeling, according to someone who observed the exchange. She went on: “It’s not me blowing this up, it’s the Republicans.”