Any suggestions for a better headline?

How about:

"Trying to Avoid Political Embarrassment And Possible Economic Calamity (Subject To Debate), Lawmakers Grope for Resolution."

Not quite as concise.

Headlines strive for concision rather than precision.

If Liquidity is the problem and foreigner are not going to come to the rescue.
So Why isn't establishment is asking for all American to save more money and deposit in the bank. It would be voluntary, patriotic and what ever else jingoism produces.

or may be corporations can layoff million people for month. take that money and put it in the bank. poof magic transform it to 100 billion just like that.

but then gain all those taxes wouldn't be going to the government either.

And in other news...

"Issa said that the credit is actually due to former FDIC Chairman William Isaac, who has been on Capitol Hill briefing lawmakers as to what other options and financial tools are available to the treasury. Isaac spoke to a group of skeptical Democrats yesterday and set up camp outside the Democratic Caucus meeting Sunday. Along with liberal economist Dean Baker and another economist, James K. Galbraith, the trio would engage Democrats coming in and out of the meeting."
http://www.cbsnews.com/stories/2008/09/29/politics/politico/thecrypt/main4487883.shtml

Well played Dean, but get your side of the story out pronto... first draft of history and all that.

I just found out what the House voted on today: "To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes" (http://clerk.house.gov/evs/2008/roll674.xml).

Sounds like a good joke. I am pleased.

Wilcox, the article was first and foremost about the defeat of the bill. Concision is always a good excuse for bias, but there was no need to say anything at all about what they were trying to avoid. "Bailout bill fails; lawmakers seek new compromise" would have been just fine--concise, too!

Time was when headlines and stories in prestigious newspapers like the NYT actually DID tend to be written in this non-tendentious, fact-oriented way. Somewhere along the line, the distinction between news stories, analysis pieces, and editorials got all but lost.

"Nuisance Man",

I like your headline. Point well made.

Maybe the NYT is just trying to make sure a large number of their readership has jobs so they can buy their paper.

L.A. Times headline this morning is equally hysterical. NPR continues to beat the hysteria drum too.

It's sad that our Republic has been turned into this. Whatever this is.

Oh, and guess what? The sun came up this morning and most markets are still working. If the Treasury would stop lending to anyone and everyone with a pulse, then I think credit might loosen.

I have also noticed this frame of reference in the media. As though the bailout was the right answer, and congress checked the wrong box.

Both Mr Baker's original note and day-late-buck-short's comment provide additional evidence of Wallace's maxim that, at the top of the two 'major' political parties, "there's not a dime's worth of difference". The hysteria & shameless pimping of the public shafting that is this welfare plan on the part of confirmed 'liberal'(apparantly in the 'Mussolini sense') media outlets that the two posts note ought to remove any doubt on that point from any sane human.

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