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Bailouts, All Sizes

Thursday, Oct. 02, 2008 3:49 AM

Are we all straight on the excuses for why Sarah Palin failed if her performance in tonight's debate is less than stellar?

- Blame the moderator, Gwen Ifill, because she's a partisan hack who is publishing a book about African-Americans in politics, so therefore she will automatically side with Barack Obama.

- Blame the media for 'gotcha journalism,' because we know how difficult it is to answer the questions, 'Where does your foreign policy experience come from?' and 'What magazines and newspapers do you read?'

- Blame Joe Biden for being mean and unfair. And did we mention condescending, sexist, and elitist?

And does Palin's bumbling answers to such questions make you wonder why there was the buzz about the teleprompter being broken on the night of her acceptance speech and Palin 'winging it'?

Do you think, perhaps, that the McCain Campaign knew full well Palin is a wind-up doll incapable of extemporaneous speech, so they tried to create a narrative to the contrary?

The Senate version of the Wall Street bailout passed, 74-25. It's nowhere near an ideal measure, as Senator Russ Feingold pointed out in his remarks, "... it remains deeply flawed. It fails to offset the cost of the plan, leaving taxpayers to bear the burden of serious lapses of judgment by private financial institutions, their regulators, and the enablers in Washington who paved the way for this catastrophe by removing the safeguards that had protected consumers and the economy since the great depression. The bailout legislation also fails to reform the flawed regulatory structure that permitted this crisis to arise in the first place. And it doesn't do enough to address the root cause of the credit market collapse, namely the housing crisis. Taxpayers deserve a plan that puts their concerns ahead of those who got us into this mess."

I happen to agree with his views. Regardless, the House has to get its act together and approve the Senate version or come up with a better one.

And then there's this account about an awkward exchange between John McCain and Barack Obama.

A hiker found what appears to be the remnants of adventurer Steve Fossett's wallet - with several cards bearing Fossett's name, and a thousand dollars in cash.

Search teams will be combing the area in a ten-mile radius, hoping to find the wreckage of Fossett's plane.

This is simply embarrassing.

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