-777

The number you see in the title is how many points the market went down in one day. That's the worst drop Wall Street has ever seen in U.S. history and it's because congress failed a $700 billion dollar bailout to help out businesses.

I'm not going to talk about my feelings on this, but I am going to talk about the media coverage throughout the day between Drudge Report, the New York Times, and The Huffington Post. One thing that I saw on just about every page was the graph that shows the Dow plummeting.

The New York Times is currently reporting about the Asian Markets taking a dive as a result of the plunge from this afternoon and this was the story that kept updating throughout the day. Here was the top story in the Huffington Post. It blamed Bush's economic policies for the stock market dive.

The Drudge Report had a big headline that ran for most of the day that said, "Down in Flames." The headline had a picture of Bush and speaker Nancy Pelosi looking disappointed over today's bad news.

As a result, Barack Obama and John McCain played politics and tried to blame each other for what happened today. Some Republicans also blamed Pelosi for a speech against the bill. The Huffington Post poked fun at McCain for saying that now is not the time to play politics, yet still attacked Obama.

The media concentrated on Obama's reaction to the crisis in saying that he is sure everything will go well if the American people calm down. If there was anything that was similar about all three sources, it's that there was no shortage of hyperbole to describe the market today.

The other top story for the day was about how Sarah Palin was preparing for the interview with Joe Biden. The Huffington Post cited the New York Times in a story about how there are concerns over how prepared Palin is for the debate.

I really didn't notice much from the Drudge Report on Palin's readiness, but the NY Times had multiple articles concerning this issue. The articles characterize Palin as someone who doesn't have the knowledge to compete with Biden while calling him a loose cannon when it comes to debate.

Huffington has an article here that refers to the interview Palin had with Katie Couric. The piece states how CBS has a clip of Palin saying she doesn't know about any other court cases besides Roe V. Wade. I found that the coverage overall today was full of news content and did a remarkable job of editorializing (including the NY Times although they package it as analysis).