FOREIGN POLICY EXPERIENCE. Gov. Sarah Palin will meet with former Secretary of State Henry Kissinger and President Alvaro Uribe of Colombia during the United Nations General Assembly on Tuesday, according to the New York Times.
THE $700 BILLION BAILOUT. The Bush administration is trying to hold out for a clean bill that deals only with the financial rescue, and will not include any add-ons.But House Speaker Nancy Pelosi said that Congress would not simply hand over a $700 billion blank check to Wall Street. Democrats would insist on independent oversight, protections for homeowners and constraints on excessive executive compensation
Paul Krugman said -- "Looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets."
Frog Hospital says -- Treasury Secretary Hank Paulson used to be the CEO of Goldman Sachs and he knows everybody on Wall Street. Critics of his bailout plan say that Paulson will help out his fellow "malefactors of great wealth," and not take care of the rest of us. But personally, I'm inclined to go along with his plan.
However, many Senators, including Joe Biden, regret the blank check they gave to George Bush when he wanted to invade Iraq. They succumbed to his argument of "national emergency" and were duped into supporting an unnecessary war.
Now those same Senators are being asked to give another blank check to Bush's people because of a new "national emergency. I don't think they will be that dumb a second time.
ANGER MANAGEMENT, PART TWO. The Obamas are not allowed to express anger because they are black, and the first black President cannot be angry. That's a handicap, but it's also a reality.
Sarah can be snarky as hell, and McCain can hop up and down and get red in the face, but the Obamas have to stay cool.
Although I wish we could let Michelle be Michelle. I mean, there's Alaska tough, which isn't bad, and then there's Chicago tough, which is getting there, and then there's South Side of Chicago tough, which is the baddest thing in America.