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12:00 PM ET, September 24, 2008

memeorandum

 Top Items: 
Michael Goldfarb / JohnMcCain.com:
A Partisan Paper of Record  —  Today the New York Times launched its latest attack on this campaign in its capacity as an Obama advocacy organization.  Let us be clear about what this story alleges: The New York Times charges that McCain-Palin 2008 campaign manager Rick Davis was paid …
RELATED:
New York Times:
McCain Aide's Firm Was Paid by Freddie Mac  —  WASHINGTON— One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.
Ben Smith / Ben Smith's Blogs:
McCain camp attacks Times, doesn't deny report  —  The Mccain camp has a 698-word statement out in response to today's story that Rick Davis's firm, Davis Manafort, was paid a consulting fee of $15,000 a month starting in 2005, and ending last month.  —  The statement from McCain aide Michael Goldfarb begins:
Myglesias / Matthew Yglesias:
Remember Those Companies We Bought  —  Remember when Fannie Mae was a private company?  Freddie Mac?  AIG?  Ah, those were the days.  But more to the point, remember when the federal government took them over?  Wouldn't it be nice to know what we're doing with them?
Discussion: Eschaton
The Huffington Post:
Freddie Mac Paid McCain Campaign Manager's Firm Through last Month
Discussion: The Daily Dish and MyDD
RELATED:
Mark Silva / The Swamp:
Campbell Brown: Free Sarah Palin
Kate Linthicum / Top of the Ticket:   CNN's Campbell Brown to McCain campaign: “Free Sarah Palin!”
Washington Post:
Economic Fears Give Obama Clear Lead Over McCain in Poll  —  Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain …
University of Chicago GSB Faculty Redirect Page:
To the Speaker of the House of Representatives and the President pro tempore of the Senate:  —  As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis.  We are well aware of the difficulty …
William H. Gross / Washington Post:
How Main Street Will Profit  —  Capitalism is a delicate balance between production and finance.  Today, our seemingly guaranteed living standard is threatened, much like it has been in previous recessions or, some would say, the Depression.  Finance has run amok because of oversecuritization …
RELATED:
Nate Silver / FiveThirtyEight.com:
Intrade Betting is Suspicious  —  There's something funny going on over at Intrade with respect to the pricing of the Obama and McCain contracts.  —  Right now, Obama is trading at 52.3 points.  That is, Intrade implies that he has a 52.3 percent chance to become the next President.
Discussion: Concurring Opinions
The Hill:
Pelosi won't jump alone  —  House Speaker Nancy Pelosi is telling Democrats that she will not support President Bush's $700 billion bailout of the financial sector unless there is significant Republican support for the controversial plan.  —  The politics of the bailout are tricky and dangerous …
RELATED:
Joseph Curl / Washington Times:
269 tie: An electoral college ‘doomsday’?
Discussion: The Moderate Voice and Don Surber
Lee Speigel / Political Punch:
Oh, That Joe!  (No. 17 in a Series) — First Thing We Do, Let's Retain All the Lawyers  —  “I think we're going to be up very late counting votes,” Sen. Joe Biden, D-Del., told a kettle of lawyers Tuesday night at a fundraiser for the Democratic Victory Fund hosted by the American Association …
Jim Rutenberg / New York Times:
Pinpoint Attacks Focus on Obama  —  STERLING HEIGHTS, Mich. — Hundreds of times in the past three weeks, cable television viewers here have been the exclusive audience for two of the roughest advertisements of the political season.  —  One links Senator Barack Obama to the former mayor of Detroit …
Nicole Belle / Crooks and Liars:
Even FOX Rebels Against Palin Media Shutout  —  Dude, first you lost ABC, and now you've lost FOX News, as evidenced by this testy segment with Shepard Smith yesterday.  That's just gotta smart for a Republican when the official water carrier for the Republican Party openly chastises …
CNN:
Trooper probe now ‘confidential,’ Palin aides say  —  ANCHORAGE, Alaska (CNN) — Republican campaign officials indicated they are done answering questions about an investigation into Alaska Gov. Sarah Palin's firing of her public safety commissioner Tuesday, citing a request by a state investigator.
Michelle Malkin:
Kill the bailout: Illegal immigration and the mortgage mess  —  My syndicated column today tackles the bailout angle no one wants to talk about: Open borders and the home loan debacle.  You've heard a lot about Fannie/Freddie and the minority lending shakedowns, but you haven't heard …
Jonah Goldberg / The Corner:
What Made the Great Depression “Great”?  —  The Great Depression is being invoked a lot these days, and I understand there's a reasonable real fear of a total meltdown out there.  But some points are worth making.  Even if we entered a serious depression, we will not experience time travel.
Alex Tabarrok / Marginal Revolution:
Where is the Credit Crunch?  —  Back in February I pointed out that despite all the talk of a credit crunch commercial and industrial loans were at an all-time high and increasing.  At the time, Paul Krugman and others responded that this was just temporary as firms drew on previously existing lines of credit.
Philly.com:
Patrick McDonald shot to death; 2nd cop wounded; gunman slain  —  This story was reported by staff writers Stephanie Farr, David Gambacorta, Dafney Tales, Damon Williams and Christine Olley, and written by staff writer Will Bunch.  —  IT ALL STARTED with a routine traffic stop on a sunny fall afternoon …
Newsdesk / Steve Chapman:
Why Congress will cave on the bailout  —  Having been on vaction last week when the Treasury and Fed intervened to buy up $700 billion of bad debts from financial firms, I was encouraged to return and find not only reputable economists but members of Congress from both parties raising objections to this massive bailout.
Discussion: Townhall.com
David Paul Kuhn / Yahoo! News:
Study: Dems need white vote gain  —  In an election year where Barack Obama pledged to change the electorate, the centrist Democratic Leadership Council has weighed into the debate with a detailed report arguing it will be difficult for Obama to earn enough African American and youth support …
Evan Perez / Wall Street Journal:
FBI Investigates Four Firms at Heart of the Mess  —  Probe Seeks to Learn if Fraud Played Role in Some of the Woes  —  WASHINGTON — Federal investigators have opened preliminary probes into the financial troubles of four high-profile companies that are at the center of the current financial turmoil …
 
 
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 More Items: 
John Pomfret / Washington Post:
Why You Might Want to Be a Little Worried About China's Bad Milk
Discussion: The Peking Duck
Mark Blumenthal / Pollster.com:
Pew Research: Missing Cell-Phone Onlys Matter
Discussion: Ben Smith's Blogs and Swampland
Maureen Dowd / New York Times:
Park Avenue Diplomacy
Mackubin Thomas Owens / Wall Street Journal:
Our Generals Almost Cost Us Iraq
Mark Steyn / The Corner:
Boomlet  —  I dunno about a nine-point lead, Kathryn …
Discussion: Weekly Standard
Donald Craig Mitchell / Alaska Dispatch:
How Alaska's AG defied the public's interest to cover for Palin in Troopergate
Liz Sidoti / Associated Press:
Poll finds 18 percent of voters persuadable
Discussion: Townhall.com
 Earlier Items: 
Wall Street Journal:
Pandora's Bailout  —  “Clean and quick,” whistled Henry Paulson past …
Discussion: The Corner
Victor Davis Hanson / The Corner:
“ I'm shocked, shocked to find that gambling is going on in here! ”
Discussion: Betsy's Page
Chicago Tribune:
How rivals will seek edge in 1st debate
MSNBC:
New voting glitches raise concerns in Florida
Discussion: Shakesville
Gary Langer / ABCNEWS:
Poll: Economic Discontent Boosts Barack Obama Over John McCain
Discussion: The Campaign Spot and The Corner