TARP, baby!

A mostly political Weblog.
Sept. 30 2008 8:21 PM

TARP, Baby!

Explaining Paulson's plan better than Paulson.

(Continued from Page 31)

I'm starting to worry that McCain's acceptance speech may actually be good. As described by buddy Sen. Lindsey Graham at an on-the-record WaPo chat, McCain will a) tell his own party to wake up, realize they've screwed up and need to regroup; b) attack the culture of Washington (meaning mainly Congress, but also the Pentagon, etc.) and c) proclaim that his term will be very different than the past 8 years. Emphasis on the focus of evil in the modern world, the "hard core appropriators" who benefit from the earmark system.** ... Hey, you can't beat up his party any more than he's beaten up his party himself! ... Plus a possible explicit comment on the unlikelihood of Joe Biden being an "agent of change."

None of this is shocking, but Gov. Palin's popularity with the base may have relieved McCain of some pressure to grit his teeth and demonstrate uncharacteristic institutional loyalty.  The formula might be: McCain + grassroots vs. Congressional GOPs.  ...  P.S.: I'm not saying McCain will be persuasive--for one thing, he wildly overemphasizes the importance of earmarks, even as a proxy for the "culture of Washington." And of course I think his righteous appeals for immigration semi-amnesty are misguided.  I'm not even saying the speech will necessarily move his poll numbers much. I'm saying the dramatic tension of McCain taking on his audience, and the possibility he'll have fun doing it, should make for a dramatic, idiosyncratic address that contrasts favorably with Obama's unimaginative, muffled, methodical normalcy. ...

**--Graham on Palin: "If you can take on Ted Stevens and that crowd you can take on the Russians." Hmmm. (There are some things the Russians won't do!) ... 1:54 P.M. link

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Monday, September 1, 2008

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Well, that's one way to knock down those pregnancy rumors. ... 5:30 P.M.

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Sunday, August 31, 2008

Note to Cass Sunsteinand internet alarmists who argue that the Web results in partisans who listen only to their own facts, reinforcing their extreme opinions, etc.:  A Daily Kos blogger is refuting the Kos-fueled Palin-baby rumor  with a photo found on right-wing site Free Republic, of all places. Moral: The Web encourages cocooning but (unlike other cocoon-generators like cable TV, or gerrymandered congressional districts) it's also the solvent of cocooning, as a) bloggers actually read the web sites of the other side, in order to attack them; b) bloggers defend themselves against such attacks; and c) the Web makes learning from the other side extremely easy. ... In this case, viciously partisan Kos bloggers seem to have investigated and knocked down a bit of undernews that many of them would have dearly liked to be true. What's wrong with that? As of this writing, it looks like they got to the truth pretty rapidly. ...

P.S.: If only Kos crowd had behaved like that with the John Edwards/Rielle Hunter rumor. Banned blogger Lee Stranahan is still pissed  (and rightly so). But even Stranahan's case largely contradicts Sunstein, since he did dissent from the Kos consensus, did investigate the Edwards rumor on his own, didn't go away and still made himself heard (and was ultimately vindicated in a way even most Kossacks would presumably acknowledge). ... 

P.P.S.--The Case for Excitability : Andrew Sullivan's role in publicizing the rumor  seems legit too. The feeding frenzy of publicity is what flushes out the counter-evidence quickly (and then that evidence gets a lot of attention).