Out of the Loop and Irrelevant

Just hours before members of his own party sent the financial bailout legislation down in flames, Sen. John McCain was in Columbus, Ohio, taking credit for making the deal happen. It's like, uh, nobody among the Republican House leadership bothered to tell their standard-bearer that the measure was going to fail ... as they surely had to know as early as last night.

Makes it clear that McCain's rushing to Washington last week was all part of a staged event so that he could take credit for the legislation. But ... oops. His own party let him down. Only 65 Republican members of the House voted for it. Some 95 Democrats voted against it.

They'll either write a better, fairer bill, or they'll watch the smoke rise over Wall Street a day or two and come back. At least half of my brain is glad they voted it down. The other half is rigid with terror.