As Monday’s “no” vote resounded down Wall Street, editorial writers across the country fired up their typewriters. Here’s what the country’s top papers are saying:
- Congress earned its 10% approval rating yesterday, the Wall Street Journal says, particularly Nancy Pelosi —“Tom Delay without the charm” —and the House Republicans she so tragically offended. “This crowd can't even make sausage.”
- The New York Times lambastes Republicans for submitting a “no” vote “rooted less in analysis or principle than in political posturing and ideological rigidity.”
- Ultimately, the LA Times writes, the bailout failed thanks to a “lackluster sales job” from the administration, which failed to convince America of the plan’s merits. But forget blame; if Paulson and Bernanke say the sky is falling, it is. Pass the plan.
- But the Chicago Tribune defended the bailout. “Your government did the right thing,” the Tribune says. “It sent a message of tough love from American taxpayers.”