Update #2: I have a better metaphor for this. Let the storm pass. I wrote about that here.
Update: Nancy Pelosi is on TV right now and she’s blaming Republicans. But something like 95 Democrats voted “nay.”
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News just broke that the House of Representatives voted 228-205 in favor of the Nays on the Big Bailout. You can see when the announcement happened by looking at that spike on the Dow chart today, around 2pm.
As I write this, the Dow is down about 525 points, about …

The first Presidential debate between John McCain and Barack Obama was on Friday, and seemed to pass without much attention thanks to all of the bailout talk.
Who won?  As usual, people generally think that their candidate won.  You could put the Cookie Monster up in one of these debates and Sesame Street fans would think he won because of his constant reference to, and insistence upon spelling, cookies.  I’m including a poll with the Message Board posting of this blog post.
It’s clear neither McCain or Obama had a blowout.  Obama …