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9:45 AM ET, September 29, 2008

memeorandum

 Top Items: 
William Kristol / New York Times:
How McCain Wins  —  John McCain is on course to lose the presidential election to Barack Obama.  Can he turn it around, and surge to victory?  —  He has a chance.  But only if he overrules those of his aides who are trapped by conventional wisdom, huddled in a defensive crouch and overcome by ideological timidity.
RELATED:
Monica Langley / Wall Street Journal:
Game Plan for Palin Is Retooled Ahead of Debate  —  Top McCain Aides Oversee Preparation After Recent Flubs  —  The McCain campaign moved its top officials inside Gov. Sarah Palin's operation Sunday to prepare for what is certain to be the most important event of her vice-presidential campaign …
Discussion: TIME.com
Patrick O'Connor / The Crypt's Blogs:
Boehner calls bill a “crap sandwich” — but he'll vote for it  —  In a closed-door session with House Republicans, Minority Leader John A. Boehner just called the financial rescue deal a “crap sandwich” - then said he'll vote for it when it comes to the floor Monday.
RELATED:
The Politico:   GOP leaders on board; will others join?
Jaketapper / Political Punch:
Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” …
Discussion: TalkLeft
Stanley Kurtz / New York Post:
O'S DANGEROUS PALS  —  BARACK'S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES  —  WHAT exactly does a “community organizer” do?  Barack Obama's rise has left many Americans asking themselves that question.  Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.
Paul Krugman / New York Times:
The 3 A.M. Call  —  It's 3 a.m., a few months into 2009, and the phone in the White House rings.  Several big hedge funds are about to fail, says the voice on the line, and there's likely to be chaos when the market opens.  Whom do you trust to take that call?  —  I'm not being melodramatic.
Discussion: LewRockwell.com Blog
New York Times:
Citigroup and Wells Fargo Said to Be Bidding for Wachovia  —  Federal regulators on Sunday night were pressing for the sale of yet another troubled bank — this time, the Wachovia Corporation — in a move that would concentrate power within the nation's banking industry in the hands of a few giant lenders.
Peter Orszag / Director's Blog:
Emergency Economic Stabilization Act of 2008  —  CBO has just issued its analysis of the Emergency Economic Stabilization Act of 2008, as released tonight by the House Committee on Financial Services.  Among other provisions, the legislation would create a Troubled Assets Relief Program (TARP).
RELATED:
Dinesh Ramde / Associated Press:
Soldier's mother “ecstatic” about Obama's bracelet  —  MILWAUKEE - The mother of a Wisconsin soldier who died in Iraq says she was “ecstatic” during Friday's debate when Senator Barack Obama mentioned the bracelet she gave him in honor of her son.  —  Tracy Jopek of Merrill told …
RELATED:
Edward Wong / New York Times:
Doubt Arises in Account of an Attack in China  —  A foreign tourist took photographs of an attack on paramilitary officers in Kashgar, China.  One of the photographs showed uniformed men wielding machetes and attacking other uniformed men.  Chinese officials, however, have said that two Uighur men used machetes in the attack.
Lewis Page / The Register:
Elon Musk's Falcon 1 launches successfully  —  Fourth time's the charm  —  Multimillionaire tech visionary Elon Musk has finally achieved a long-sought goal on the fourth attempt, as his privately-funded SpaceX Falcon 1 is now circling the Earth.  The rocket, launched from Kwajalein Atoll in the Pacific …
Brett J. Blackledge / Associated Press:
AP Investigation: Palin got zoning aid, gifts  —  WASILLA, Alaska (AP) — Though Sarah Palin depicts herself as a pit bull fighting good-old-boy politics, in her years as mayor she and her friends received special benefits more typical of small-town politics as usual, an Associated Press investigation shows.
Mark Silva / The Swamp:
Bush: ‘Bold’ rescue, ‘difficult’ vote  —  “I fully understand that this will be a difficult vote,” President Bush said this morning of the vote facing the House today and the vote facing the Senate later this week.  —  That is the vote for a $700 billion investment of public money …
Discussion: The Crypt's Blogs
Peter Slevin / Washington Post:
33 Pastors Flout Tax Law With Political Sermons  —  Defying a federal law that prohibits U.S. clergy from endorsing political candidates from the pulpit, an evangelical Christian minister told his congregation Sunday that voting for Sen. Barack Obama would be evidence of “severe moral schizophrenia.”
Austin Fenner / New York Post:
DOCS DETAIL BARACK TIES TO RADICAL  —  CHICAGO - While Barack Obama has long downplayed his connection to Bill Ayers, a co-founder of the violent Weather Underground radical group, new documents show the two worked much more closely together in starting an educational foundation than has been previously known.
Ann Althouse / Althouse:
Tom Brokaw's bizarre idea of what fairness required.  —  Steve Schmidt and David Axelrod were on “Meet the Press” this morning, and they spewed talking points and evaded the questions asked by Tom Brokaw.  Here's the best example of that: … Translation: The Wall Street Journal is absolutely right!
CNN:
Palin in ‘debate camp’ until Thursday  —  (CNN)- Gov. Sarah Palin will now spend two and a half days near Sedona, Arizona, to prepare for Thursday's debate, instead of prepping in St Louis, as originally planned.  —  Sarah Palin will be at John McCain's rustic creek side home outside Sedona for what a top aide calls “debate camp.”
Discussion: Political Machine and CBS News
 
 
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 More Items: 
Wolfgang Münchau / Financial Times:
Paulson's problem presents lessons for us all
Washington Post:
Obama and McCain Express Cautious Support for Bailout
James Simpson / American Thinker:
Barack Obama and the Strategy of Manufactured Crisis
Nouriel Roubini / Nouriel Roubini's Global …:
Is Purchasing $700 billion of Toxic Assets the Best Way to …
Discussion: Guardian and naked capitalism
John Bingham / Telegraph:
Radical Islamic clerics warn of further attacks after publisher is firebombed
Discussion: Reason and five feet of fury.
 Earlier Items: 
David Zaring / Conglomerate:
The Bailout Compromise  —  As Eric Posner says, a quick skim offers few surprises:
Discussion: DealBook
Bob Owens / Pajamas Media:
The Ayers-Weatherman Terrorist Attack as It Might Have Happened
Discussion: Macsmind and The Jawa Report