House Republicans led the “revolt of the nihilists” against the $700 billion economic rescue package, said David Brooks in The New York Times, and their short-sighted voting will backfire when the economy tanks. The plan “was nobody’s darling,” but by confusing “talk radio with reality,” and disregarding their leaders and the experts, they seem to be on a “single-minded mission to destroy the Republican Party” and its standard-bearer, John McCain.
McCain would be in trouble anyway, said Marc Ambinder in The Atlantic online, because voters blame Republicans for this “enormous, many-tentacled, fundamental economic failure.” McCain didn’t help himself by unsuccessfully intervening in negotiations, but Barack Obama didn't distinguish himself in the crisis, either.
No one in America’s “feckless political class” did enough, said The Wall Street Journal in an editorial. House Speaker Nancy Pelosi created division with a “highly partisan speech” before the voting, and Treasury Secretary Hank Paulson was a horrible salesman for his plan. And President Bush is a “spent political force.”
The whole GOP ideal of “cowboy capitalism” is spent, said Howard Fineman in MSNBC online, and it’s only a mild exaggeration to say that “the Obama Administration began at midnight Sunday,” when the bailout package was finalized. Even if Obama loses, “our politics now [have] shifted seismically in his philosophical direction.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What would a U.S.-Russia war look like?
- Why the West should let Russia have eastern Ukraine
- 10 things you need to know today: September 1, 2014
- Fall movie guide: All the films you should see in September
- Why you should stop believing in evolution
- Hey, grammar nerds! Stop freaking out about 'alot.'
- Scottish independence is another financial crisis waiting to happen
- 7 grammar rules you really should pay attention to
- The 10 best networking tips for people who hate networking
- 11 scientific studies that will restore your faith in humanity
Subscribe to the Week