My thoughts on the bailout - from back in September.

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Friday January 30, 2009 · 6:16 PM PST

2009/01/30 · 18:16

Back in September, during the initial TARP debate, I was sitting on an interminable cross-country flight from San Francisco to my home in Atlanta. The flight I was on had seatback TV, and I spent an hour or two watching CNN, listening to one banking industry shill after another talk about how we needed this bailout immediately, lest the world come to an end, or something like that. After a couple of ours, I had had enough. I broke out my laptop, and typed out my thoughts on the subject. I never did anything with it, though.

With Senator McCaskill's proposal, however, I thought it might be a good time to post the thoughts I had back then about the conditions that SHOULD have been imposed on that money in the first place.

DeadMessenger

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Sunday September 28, 2008 · 5:41 PM PDT

2008/09/28 · 17:41

(first diary, please be kind...)

I know this might come off to some as "concern trolling" but I've got some major concerns about this Thursday's debate. In fact, this debate worries the heck out of me. I don't think anyone is really thinking that Joe Biden is going to do anything other than wipe the floor with Sarah Palin. And, I don't think that expectation is entirely unreasonable given the circumstances and her performances (and the notable lack thereof) in the media over the last couple of weeks. But, it sets up two BIG problems for Sen. Biden and the Obama campaign, which I will explain in a moment.

I'll start by telling a story. Boxing fans, even casual ones, might remember a fighter active in the 60s and 70s named Chuck "The Bayonne Bleeder" Wepner. Chuck Wepner was known as being a "tomato can", the kind of boxer that was reasonably decent against mediocre opponents and could hold his own, but pretty regularly got whipped by real contenders. That is, until a fight in 1975 against Muhammad Ali. Ali was, even then, a legend - a fighter so dominant, so superior that no one expected much of Chuck Wepner going into that fight.

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My thoughts on the bailout - from back in September.

Why Thursday's debate is a no-win situation for Obama and Biden.