For the U.S. House Minority Leader to be playing BMOC at Miami U. talking smack to the kiddie reporters is unbecoming.  What’s he thinking?  But here’s what’s really stupid.

Boehner could be playing it smart.  It’ll be a minor miracle if John McCain wins this election.  Why does the House Minority Leader, a Congressman from a state in dire economic circumstances, want to further piss off the next President of the United States.  Boehner’s always been kind of a partisan jerk, but one would hope that getting to where he’s at in Congress would do his state some good. 

This isn’t the way for a responsible Congressional leader – of either party – to start their relationship with the next president.

• World Markets fall as U.S. seen taking time – Associated Press
• Stocks in Europe, Asia slump – Bloomberg
• European central banks cut sales of gold – Financial Times
• Britain nationalizes Bradford & Bingley – Reuters

U.S. Bailout News

• Lawmakers face difficult vote on Bailout – Washington Post
• Bailout plan in hand, House braces for tough vote – New York Times
• Boehner’s standing with conservatives tested – Congressional Quarterly
• Obama, McCain express cautious support for plan – Washington Post
• On bailout, candidates were surely themselves – New York Times
• Bailout effects to be felt in weeks – Associated Press
• Op-Ed, Paul Krugman: The 3 a.m. call – New York Times
• Lots of money and uncertainty – Washington Post
• Op-Ed, Michael Barone: Do markets work or don’t they? – Washington Times
• Analysis: Dr. Paulson’s tough medicine – Washington Post
• Analysis: First step on a long road – New York Times
• Op-Ed, Lawrence Summers: A bailout is just a start – Washington Post
• Op-Ed, Robert Samuelson: Bankrupt economics – Washington Post
• Op, Ed, Joel Berg: No rescue for the hungry – Washington Post
• Treasury would emerge with vast new powers – New York Times
• Foreclosed properties a suburban headache – Chicago Tribune
• Op-Ed, Clarence Page: How to avoid next bailout – Chicago Tribune

Highpoints of Bailout Deal

• The $700 billion would not be released in its entirety at once. Funds would be made available to Treasury in a first installment of $250 billion, a second installment of $100 billion, and a final installment of $350 billion. Congress would have the right of refusal at each step of the process.
• Pay limits will be put in place for executives of companies who make use of the government bailout.
• A Congressional oversight panel will be empowered to oversee Administration and Treasury implementation of the bailout.
• In some cases, the federal government will receive an equity stake in companies participating in the bailout.
• Conflict-of-interest rules will be implemented for firms who contract to help Treasury run the bailout.

Bailout News

• Breakthrough reached in negotiations on bailout – New York Times
• Lawmakers reach tentative deal on bailout – Washington Post
• Lawmakers reach deal on bailout – Wall Street Journal
• U.S. reaches outline bailout deal – Financial Times
• U.S. Congress reaches tentative deal on bailout – Xinhua

Boehner: Palin Critics Elitist – Politico

Ohio Guard Sending 1,500 Troops to LA – Columbus Dispatch

Appeals Court throws out CAT tax for grocers – Dayton Daily News

Court Voids State Grocery Tax – Columbus Dispatch

Party is muted but Palin news isn’t – Columbus Dispatch

Cordray, Dann find little in common – Columbus Dispatch

Minnesotan fires up Ohio delegates – Columbus Dispatch

Corporate cruise able to double as storm fundraiser – Columbus Dispatch

Editorial: Lose it or pay – Columbus Dispatch

Ohio fills abandoned mines to avoid collapses – Cleveland Plain Dealer

Payday lending issue step closer to ballot – Dayton Daily News