There's lots going on in terms of political fallout from the failed bailout for the financial services industry:
- D'oh! McCain gets a lesson in not counting chickens before they hatch.
- McCain blames Obama; Obama blames the market.
- Everyone who voted today is up for re-election a month from Saturday. However, a relatively small number of those seats are actually competitive. Looking at the voting patterns from today, it's interesting to note that only 8 of 38 representatives in competitive races voted for the bailout. In non-competitive races, it was almost even, 197-198. Twenty-three of the 26 who aren't running for re-election voted for the bailout.
- In other words, this vote was entirely political.
- I think Obama just won the race. If Biden can keep his mouth shut and let Sarah Palin make a fool of herself on Thursday, that'll seal it up.
- Another weekend, another round of fighting in North Kivu, including around Sake. This has nothing to do with the bailout, but it's a reminder that some people deal with much bigger problems than the status of their 401K.