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12:40 PM ET, September 26, 2008

memeorandum

 Top Items: 
The Politico:
McCain will go to debate  —  Sen. John McCain (R-Ariz.) ended three days of suspense on Friday morning and announced that he will leave bailout negotiations in Washington and fly to Oxford, Miss., for the opening presidential debate.  —  McCain had previously said that he would suspend …
RELATED:
New York Times:
Fate of Bailout Plan Remains Uncertain  —  WASHINGTON — The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation.  It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas …
William Kristol / Weekly Standard:
McCain's Choice  —  Is there a third way?  —  The McCain campaign is now trying to broker a deal between House Republicans, Treasury Secretary Paulson, and the Democrats.  This will be tough—but it's worth a shot.  —  If it works, fine.  If it fails, McCain will have, I think, three alternative paths:
The Caucus:
Debate Is On  —  11:52 a.m. |  Updated: Senator John McCain's campaign said Friday morning that he will attend tonight's debate with Senator Barack Obama at the University of Mississippi, reversing his earlier call to postpone the debate so he could participate in the Congressional negotiations …
Hugh Hewitt / Townhall.com:
Memo To House Republicans  —  Here's a shocker: No one likes the risks involved in Paulson 2.0 or the precedent of using so much public money to rescue reckless bankers, both private and semi-private..  —  But there is a very good chance that (1) it will actually make money for the Treasury and …
Hope Ditto / Political Radar:
McCain to House GOP: We Need a Deal  —  ABC News' Jonathan Karl Reports: John McCain made an urgent appeal to House Republicans at their 9:30 leadership meeting Friday morning.  —  A senior House GOP leadership aide involved in the negotiations described McCain's message this way, “We need a deal.
Discussion: Hot Air and The Other McCain
New York Times:
McCain Leaps Into a Thicket
Frank James / The Swamp:
House GOP rebranding and bailout clash
Associated Press:
Bailout deal breaks down; Paulson back to Capitol
Discussion: Right Wing News
CNN:
Bailout package will pass, Bush says
Discussion: MSNBC
David Brooks / New York Times:
Thinking About McCain  —  I've been covering John McCain steadily for a decade.  A few years ago, I worked on a book, which I foolishly never completed, on the U.S. Senate with McCain as the central character.  So when I step back and think of McCain, even in the heat of this campaign …
RELATED:
The New Republic:
Putting Country Last  —  I don't know John McCain as well as David Brooks does.  In fact, I don't know him personally at all.  But I covered his 2000 and 2008 primary campaigns, and I spent considerable time interviewing him, including several long interviews I did for a profile in 2006.
Discussion: The Corner and Washington Monthly
Kathleen Parker / National Review:
Palin Problem  —  If at one time women were considered heretical for swimming upstream against feminist orthodoxy, they now face condemnation for swimming downstream — away from Sarah Palin.  —  To express reservations about her qualifications to be vice president — and possibly president — is to risk being labeled anti-woman.
RELATED:
Fox News:
Huckabee Calls McCain Debate Ploy a ‘Huge Mistake’  —  MOBILE, Ala. — Former Arkansas Gov. Mike Huckabee said Thursday that Sen. John McCain made a “huge mistake” by even discussing canceling the presidential debate with Sen. Barack Obama.  —  McCain's campaign has said the Republican …
Discussion: Think Progress
RELATED:
Chris Cillizza / Washington Post:
McCain Wins Debate  —  Although the fate of tonight's presidential debate in Mississippi remains very much up in the air, John McCain has apparently already won it — if you believe an Internet ad an astute reader spotted next to this piece in the online edition of the Wall Street Journal this morning.
John Paulson / Wall Street Journal:
The Public Deserves a Better Deal
Discussion: protein wisdom and Washington Post
Washington Post:
Away from Wall Street, Economists Question Basis of Paulson's Plan  —  The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken very quickly and that this action …
RELATED:
Peter S. Goodman / New York Times:
Credit Enters a Lockdown
Discussion: The Foundry
Mark Sanford / Washington Post:
A Bailout for All Our Bad Decisions?
Discussion: Townhall.com
Slate:
SLATE PREDICTS MCCAIN'S NEXT 10 HAIL MARY STUNTS.  —  1. Returns to Vietnam and jails himself.  —  2. Offers the post of “vice vice president” to Warren Buffett.  —  3. Challenges Obama to suspend campaign so they both can go and personally drill for oil offshore.  —  4. Learns to use computer.
Discussion: MoJoBlog and Political Machine
Gateway Pundit:
Missouri Sheriffs & Top Prosecutors Form Obama “Truth Squads” & Threaten Libel Charges Against Obama Critics  —  More Hope and Change for Missouri...  St. Louis and Missouri Democrat sheriffs and top prosecutors are planning to go after anyone who makes false statements against Obama during his campaign.
Discussion: Reason and The Strata-Sphere
RELATED:
Paul Krugman / New York Times:
Where Are the Grown-Ups?  —  Many people on both the right and the left are outraged at the idea of using taxpayer money to bail out America's financial system.  They're right to be outraged, but doing nothing isn't a serious option.  Right now, players throughout the system are refusing …
Michael Dobbs / Washington Post:
Four Pinocchios for Biden's Tax Fabrication … Democratic vice presidential hopeful Joe Biden claims that middle class Americans will be slapped with the “largest tax increase in American history” as a result of the McCain health care plan.  It is true that McCain has proposed taxing …
Discussion: Hot Air
Adam Liptak / New York Times:
A Second Justice Opts Out of a Longtime Custom: The ‘Cert.  Pool’  —  WASHINGTON — Justice Samuel A. Alito Jr. is getting out of the pool.  —  For almost 20 years, eight of the nine justices on the Supreme Court have assigned their law clerks to a shared legal labor pool that streamlines the work of reviewing incoming cases.
Discussion: Law Blog and The Volokh Conspiracy
 
 
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 More Items: 
David Ellis / CNNMoney.com:
The credit crunch: Loans out of reach
Discussion: The Corner
Paul Kiel / ProPublica:
Palin Defends Construction of ‘Road to Nowhere’
Discussion: The Huffington Post
Binyamin Appelbaum / Washington Post:
Smaller Banks Thrive Out of the Fray of Crisis
The Politico:
McCain's temperament again an issue
Discussion: Marc Ambinder
Myglesias / Matthew Yglesias:
Palin on the Bailout  —  Sarah Palin gives her view of the economic crisis:
Jack Fowler / The Corner:
ACORN — NUTS!  —  So a huge chunk of this proposed bailout …
Discussion: PR Newswire
David Kurtz / Talking Points Memo:
CHANNELING HERBERT HOOVER
 Earlier Items: 
John McCormack / Weekly Standard:
Barney Frank Slams McCain
Discussion: The Hill and The Crypt's Blogs
Betsy Rothstein / The Hill:
20 Questions: Ron Reagan
Discussion: The Moderate Voice
Reason:
The Great Bailout Brouhaha
Discussion: EconLog and QandO
CBS News:
Poll: Obama Leads; Interest In Debate High
Washington Post:
Palin Accepted $25,000 in Gifts, Alaska Records Show
Discussion: TPMMuckraker, MSNBC and New York Times