The – 777.68 Point Plunge

by matttbastard

Bailout compromise bill fails.  Dow subsequently plummets by a record figure (nine-eleven-shmine-eleven).  TSX also plummets by a record figure, throwing a wild card onto the Canadian election table.  All this capped off a day in which global markets took a major league ass-whipping (most of which, it should be noted, occurred before the bailout flame-out).

To quote Paul Krugman (who, in turn, quotes himself)

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.

Heck of a motherfucking job, kiddies.

Not that I’m fully convinced, contra certain quarters I normally find myself agreeing with more often than not, that it was imperative to pass this bill right fucking now (an ambivalence further cultivated by the knowledge that the much-ballyhooed $700 billion figure was arbitrarily yanked out of some Treasury Department flunky’s ass because they “just wanted to choose a really large number” to put the fear of smoking guns and mushroom clouds into everyone’s heads).  Nor is it at all apparent that Paulson’s preferred solution to the credit crisis was the only viable one (see this list of alternative proposals not currently on the table, h/t Sarah J via tweet).

But if this:

really is the primary reason House Republicans chidlishly chose to flip the bird to Democratic and Republican House Leaders (not to mention Secretary Paulson, President Bush, and John “Coalition Builder” McCain), then each and every one of the GOP dissenters up for reelection in November deserves to be unceremoniously turfed from office for being a bunch of petty, shallow, self-absorbed drama-queens apparently more concerned with partisan preening than the economic health of the nation (if not the world).

Speaking of petty, shallow, self-absorbed drama queens and partisan preening:

From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.

Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.

Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.

This bill failed because Barack Obama and the Democrats put politics ahead of country.

No, Senator McCain, this bill failed because you, someone who has applied to become leader of the fucking free world, couldn’t whip your own goddamn party (the GOP, aka the party of fiscal responsibility, ideas and utter fucking bullshit) into line, you puerile sack of monkey shit.  You demonstratively “suspended” your campaign, snatched the ball out of Pelosi, Paulson and Bush’s hands, started to do an endzone celebration on the 20 yard line and quite spectacularly fumbled it before crossing the goal.

As Marc Ambinder observed:

Two thirds of…Republicans voted for its defeat…after a weekend of telephone call diplomacy from McCain.

Nancy Pelosi may have given a partisan speech, but she was able to get most of her Democrats on board….

Mother fuck ’em and John Wayne.

Recommend this post at Progressive Bloggers

More on Sarah Palin and Book-Banning

by matttbastard

The Nation has just published a very informative investigative piece by Michelle Goldberg, author of Kingdom Coming: The Rise of Christian Nationalism, further exploring the connections between Republican VP candidate Sarah Palin and the Christian right.  The entire article is worth reading, but I wanted to highlight the following passage, which sheds more light on a now-infamous alleged incident from 1997 involving Palin and the Wasilla Public Library:

Much has been made of Palin’s gestures toward book-banning as mayor. To understand what happened, it’s useful to realize that the Mat-Su Valley was in the middle of a roiling controversy over a book by [Howard Bess, a local retired liberal Baptist minister], titled Pastor, I Am Gay. Bess, 80, is deeply respected by the Valley’s small progressive community. Educated at Northwestern’s Garrett Biblical Institute — now called the Garrett Evangelical Theological Seminary — he comes from a Baptist tradition committed to church-state separation. In 1980 he left his church in Santa Barbara, California, to become pastor of Anchorage First American Baptist. Over the years Bess developed an intense concern about gay rights, and he went out of his way to welcome gay people into his Anchorage church. After he had served seven years at First Baptist, the board of the church asked him to lower his profile on the issue. Unwilling to do so, he resigned, took early retirement and ended up moving to Palmer to pastor a tiny liberal congregation, the Church of the Covenant, which he did without pay.
Bess published Pastor, I Am Gay in 1995. It recounts his experiences ministering to gay men and lesbians, calls for the church to take a stand against discrimination and even draws parallels between the experience of gay people and that of Jesus. “They are despised and rejected,” he wrote. “They suffer and are acquainted with infirmity. They are rejected by a perversion of justice. Is it possible that the will of the Lord will prosper through them?”

Local conservatives, including at Wasilla Assembly of God, mobilized against the book. Christian bookstores as well as secular retailers refused to sell it. Bess donated two copies to the Wasilla Public Library, but they vanished from the shelves, so he donated more. The atmosphere toward Bess was toxic; a 1997 cartoon in the Frontiersman showed a slobbering, doll-clutching pedophile approaching his church, whose sign said, Wasilla Church of the Covenant. Howard Bess, Pastor. All Sinners Welcome! Bible Interpretations to Suit Your “Lifestyle.”
Most reports have said that, when asking about banning books, Palin never mentioned any specific titles, but the presence of Pastor, I Am Gay in the library was, at the time, a matter of fierce contention. “I’m as sure that that book was at issue with Sarah Palin as I am that I’m talking to you right now,” said Bess.

Providential coincidence, or small-town cheap homophobic conspiracy?  Stay tuned, true believers.

Related: Fareed Zakaria dons his Captain Obvious pajamas, declaring Palin to be “utterly unqualified to be vice president”; has the bar on Palin been set so low that it’s entirely possible for her to ‘win’ Thursday’s VP debate?

Recommend this post at Progressive Bloggers