The leadership vacuum

By Fortuna Publica, Pelosi's floor speech yesterday takes the cake for laughably dumbass politicking over the bailout. After berating Republicans up and down over their character, judgment, and beliefs for 15 minutes, she closes by demanding they step up and cover her ass on the bailout bill. Is it any wonder they refused to do so?

The best argument against democracy is the leaders it produces.

And while I'm ragging on Pelosi, I'll add a bipartisan gender-bashing by saying that last week's Palin interview with Katie Couric was such a gobbledy-gook of nonsense that I was surprised she didn't keel over with an aneurysm. Isn't that what stroke victims sound like? I know that many of my friends and readers are in the tank for the GOP since Palin was added to the ticket, and I myself have a visceral like of the lady and the way she's pissed off all the right people. But pandering with symbols is easy, and that might be all you'll get from Col. Tigh.

Article up

over on Culture11.

Hey Kudlow...

How 'bout that Greatest Story Never Told meme?

[crickets]

The truth? You can't handle the truth!

Via Barry Ritholz, here's Ron Paul channeling Cassandra.



Yeah, no one believed her, either.

UPDATE: Breda riffs with a similar post title. Check out the damning video.

Black Monday?

Wow what a hootananny! I think the Democrats are forced into a corner now in that they'll have to bring on board the 95 Democrats who voted against the bailout bill. That means a party-line vote that they'll actually have to take responsibility for! It's a good move for the Republicans because the bailout is total bullshit; Congress just needs to be seen "doing something." I disagree with Megan, who thinks this is an example of national interest subsumed by politics. I think it's an example of one of those rare times when national interest, principle, and politics all align.

Here's one vote for a Do-Nothing Congress. I suspect the financial markets are going to differ with me in the short- and medium-term, but a partisan Democrat Party bill may calm the markets even if it is a path that leads straight to Niflheim.