I need a hug from Krugman
I’ve been steering clear of writing about the bailout because economics isn’t my strong suit. My brief analysis is that I don’t like that the events of today were decided by know-nothing grassroots “populists*,” John McCain phoning it in, Nancy Pelosi’s bad-hair-day speech, drool-cupped house Republicans bellowing “let’s done make things worserer!”, and John Boehner’s extra-fluffy fainting couch.
If I were you, I’d read Jim Newell’s take on the utter ridiculousnesses of today and then go use your credit card (while it still works) and buy as much booze as your credit limit can handle.
* Before anyone jumps all over me for this, I realize there are a lot of smart citizens (and fellow progressives) who were against this bailout for educated and principled reasons. I just believe that a vast majority of the angry voters who were calling up their congresscritters to complain about the bill were dull-eyed dimwits egged on by wrong-about-everything nutters like Limbaugh and Hannity.
MORE: John Cole looks at the absurdity of the Republicans’ response to the failure of the bailout bill, including a video of Barney Frank delivering a wonderful zinger.
UPDATE: This Kos diary makes sense to me, but your mileage may vary. And the title of this diary explains succinctly who has the temperament and intelligence to be the next president of the United States and who very clearly doesn’t.
