paul krugman

The bailout bill fails 228-205 (link goes to roll call). Per Paul Krugman:

So what we now have is non-functional government in the face of a major crisis, because Congress includes a quorum of crazies and nobody trusts the White House an inch. As a friend said last night, we’ve become a banana republic with nukes.

Dow is off 681 as of posting time (moving between 500-700 off). What an unbelievable clusterfuck.

I normally like a lot of Paul Krugman's thoughts and insights on both economics and politics, but he's just kidding himself on his notions of why Hillary lost to Obama. A lot of the commenters are rightfully giving him Hell for it, although there are a quite a few Hillarynistas that haven't died yet from drinking their Kool-Aid, who are posting as well. I'm happy to agree that the media wasn't completely fair to Hillary, but the American media, particularly cable news, isn't particularly good at being fair to anyone these days. And they certainly aren't the root cause of Clinton losing the nomination bid.