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washingtonindependent.com — Amid the clamor over the crisis on Wall Street, the U.S. Treasury’s $700 billion Troubled Asset Rescue Program, or “TARP,” bill and the evolving collapse of the global banking system, little attention has been paid to the extraordinary credit extensions at the Federal Reserve. But these are now without parallel in Fed history, including during the Great Depression.

The Nation — The most important glue binding conservatism together is a shared sense that someone, somewhere is looking down their noses at them with a condescending sneer. And to conservatives, McCain has been too often one of the sneerers. That helps explain the strange McCain contortions Republicans have been forcing themselves into in recent weeks.

krugman.blogs.nytimes.com — The usual suspects have been attacking Obama for “demonizing” insurance companies; but saying that people do terrible things isn’t demonization if they do, in fact, do terrible things. And health insurers do, because they have huge financial incentives to act in an inhumane way — most obviously, by revoking coverage when people get sick, using whatever rationale they can devise.

prospect.org — On Monday, President Barack Obama released a complimentary statement about Sen. Chris Dodd's latest proposal for financial reform, singling out its creation of "a new consumer financial protection agency to set and enforce clear rules of the road." This is notable largely because it is not, in fact, true. What the bill actually creates is a Bureau of Consumer Financial Protection within the Federal Reserve, a move that has raised great concern among consumer advocates who note, with more accuracy, that the Fed's numerous consumer-protection failures played a large role in the recent crisis. But the rhetoric around the creation of a new consumer-protection agency illustrates the central pitfall of financial regulatory reform: telling real reform from the cosmetic.

Politico — What better way is there to use the current government giveaway to private lenders than to work toward restoring the promise of equal opportunity? And, high quality early education pays. Long-term studies have demonstrated that taxpayers actually save money from public investment in high-quality early childhood education through reduced special education and correctional system costs, a lower crime rate and a more skilled workforce. Why should taxpayers continue to give large student loan companies both high rates and a government guarantee? Let’s transfer those excess bank profits to students, especially our youngest, while we can still change the trajectory of their lives.

slate.com — In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature's bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island "Basicland." Today, Basicland is under new management, using a new governmental system. It also has a new nickname: Sorrowland.

The Washington Post — Dear wavering House Democrats: I feel your pain. Eighteen years ago, I was elected on the coattails of a popular young Democratic president who promised a post-partisan Washington. A year later, with partisan gridlock capturing the Capitol, there was a razor-thin vote on the House floor over legislation that Democrats said would remake the country and Republicans promised would bankrupt it. I voted my conscience and it cost me. I am your worst-case scenario. And I'd do it all again.

Huffington Post — Reason # 10 — Consider the source. Who are the major advocates of the theory that it is bad politics for Democrats to vote for health care reform? None other than Republican leader Mitch McConnell and House Minority Leader John Boehner. If they recommend that Democrats vote no, then any Democrat with half his wits should fall all over himself to vote yes.

truthdig.com — Some of the men and women rose at 3 a.m. to secure a place at the head of the line that extended a city block or more from the entrance to St. John’s Well Child and Family Center in South Los Angeles. Visit such a place anywhere in America and you can see why the health care reform bill — as limited as it is — must be passed. The twin evils of unemployment and a weak medical care system have reached deep into the country, leaving working people uninsured and unemployed and lengthening the lines in front of places such as St. John’s.

The New York Times — California has been very, very good to Toyota. It is one of the largest markets in the world for the popular Prius hybrid. Nearly 18 percent of all Toyotas sold in the U.S. are sold in California. The state has showered the company with benefits, including large-scale infrastructure improvements for its operations and millions of dollars for worker training. California is one of the key reasons that Toyota is the wealthiest carmaker on the planet. Toyota is paying the state back with the foulest form of ingratitude.