A short story by R.V. Scheide at Sacramento News & Review.

Last week in this space, I suggested the American people might not be as dumb as politicians presume they are. This week, damned if they didnt go and prove me right by derailing the $700 billion taxpayer-funded bailout of Wall Street proposed by the Bush administration. Via telephone, the Internet and street protest, concerned citizens from across the political spectrum have put Washingtons p…

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* Declining mortgage rates expected after Fed move (Daily Oklahoman)

* Columns > Race to the Bottom > Bucking the bailout > Americans protest Bushs plan to rescue Wall Street. (R.V. Scheide, Chico News & Review)

* New jobless claims fall more than expected to 646K (Christopher S. Rugaber)

* On Broadway, a muddy mess (News Tribune)

* ‘Too big to fail’ must end, policymakers say (Marcy Gordon)

* Mortgage lending falls to eight-year low (Jill Treanor, Guardian Unlimited)

* Editorial: Bad dream (Columbus Dispatch)

* GE says finance unit is sound despite bad economy (Stephen Manning)

* Aggressive Fed (Baltimore Sun)

* Sun Belt Not Such Hot Spot In Bad Economy (WPTZ)