The Dow is down 300 on news of the Lehman Bros. bankruptcy and Merrill Lynch’s sale to Bank of America.

Somebody call that Russellville woman so she can reassure us that the U.S. is better off after eight years of bush league governance.

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UPDATE: A reader sends along a column of Paul Greenberg from Jan. 27. It was on the occasion of his mocking Paul Krugman for predicting financial woes. On the jump for your comparison with current events.