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3:45 PM ET, October 6, 2008

memeorandum

 Top Items: 
William Kristol / New York Times:
The Wright Stuff  —  I spoke on the phone Sunday with Sarah Palin, who was in Long Beach, Calif., preparing to take off on her next campaign trip.  It was the first time I'd talked with her since I met her in far more relaxed circumstances in Alaska over a year ago.
RELATED:
Howard Wolfson / The New Republic:
It's Over: Why Bill Ayers Won't Save John McCain  —  Perpetually fretting Democrats will not want to accept it.  The campaigns themselves can't afford to believe it.  Many journalists know it but can't say it.  And there will certainly be some twists and turns along the way.
Michael Crowley / The New Republic:
Lieberman: Palin Will Win “With God's Help”  —  Via CNN streaming video, I watched Sarah Palin's event in Clearwater, Florida, this morning.  She was heartily introduced there by John McCain's pal Joe Lieberman.  The former Democrat is a very strange figure these days, far from his moorings in the Democratic Party.
Thomas M. Defrank / NY Daily News:
Insults fly as Barack Obama & John McCain prepare for second debate  —  WASHINGTON — It's getting McNasty again.  —  A day after Sarah Palin accused Barack Obama of “palling around with terrorists,” Obama struck back Sunday with a tough ad painting John McCain as “erratic.”
Scott Conroy / CBS News:
Lagging In The Polls, Palin Shifts To Fear Tactics
Mark Silva / The Swamp:
Palin softens ‘terrorist’ attack on Obama
Mark Murray / MSNBC:
FIRST THOUGHTS: OBAMA AT 264  —  From Chuck Todd, Mark Murray …
Discussion: The Moderate Voice
Natalie Gewargis / Political Radar:
Palin Plays Fear Card on Obama
Discussion: Commentary and Political Punch
Paul Krugman / New York Times:
Health Care Destruction  —  Sarah Palin ended her debate performance last Thursday with a slightly garbled quote from Ronald Reagan about how, if we aren't vigilant, we'll end up “telling our children and our children's children” about the days when America was free.  It was a revealing choice.
RELATED:
Laura Meckler / Wall Street Journal:
McCain Plans Federal Health Cuts  —  Medicare, Medicaid Spending Would Be Reduced to Offset Proposed Tax Credit  —  John McCain would pay for his health plan with major reductions to Medicare and Medicaid, a top aide said, in a move that independent analysts estimate could result in cuts …
Jonathan Cohn / The New Republic:
McCain: I'm Not Raising Taxes. I'm Cutting Medicare!
Josh Marshall / Talking Points Memo:
MCCAIN'S OTHER SHOE DROPS
Discussion: Newshoggers.com
John McCormack / Weekly Standard:   Obama Campaign Won't Say if Health Care Plan Would Cover Abortions
Ben Smith / Ben Smith's Blogs:
Engaging on Keating  —  I'd always thought McCain's great strength in defending the Keating affair was that he'd acknolwedged making a huge mistake, and spent his career repenting by recasting himself as a reformer.  —  So when his campaign puts his lawyer on the line with reporters to contest …
RELATED:
Krooney / TIME.com:
American History Lesson, Keating Edition
Ed Morrissey / Hot Air:
McCain blasts Obama, Democrats for Fannie Mae meltdown  —  We asked John McCain to take off the gloves — and he listened.  In remarks McCain will deliver today, he blasts Democrats, including Barack Obama, for their market manipulations and defense of Fannie Mae against regulator warnings.
RELATED:
Mark Halperin / TIME.com:
McCain's Monday Remarks in Albuquerque  —  All: Please see excerpt from John McCain's remarks as prepared for delivery today in Albuquerque, New Mexico:  —  My opponent has invited serious questioning by announcing a few weeks ago that he would quote — “take off the gloves.”
Discussion: Reason and The Anonymous Liberal
Erick Erickson / www.redstate.com:
This Week is the Last Week  —  At this point, the campaign …
Joe Klein / Swampland:
Embarracuda  —  I'm of two minds about how to deal with the McCain campaign's further descent into ugliness.  Their strategy is simple: you throw crap against a wall and then giggle as the media try to analyze the putresence in a way that conveys a sense of balance: “Well, it is bull-pucky …
Rebecca Christie / Bloomberg:
U.S. Treasury's Kashkari to Lead Bank Bailout Office  —  Oct. 6 (Bloomberg) — The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to run the $700 billion Wall Street rescue program on an interim basis, according to a Treasury official.
RELATED:
Martin Crutsinger / Associated Press:   Ex-Goldman Sachs exec tapped to head bailout plan
Megan McArdle:
How did it all happen?  —  As I write this, the dow is down 430 points, below 10,000 for the first time in four years.  Tyler Cowen has published his list of what went wrong, with which I largely concur.  Another way to think about it is as a series of cognitive errors that afflicted everyone …
RELATED:
Tyler Cowen / Marginal Revolution:
What caused the financial crisis?
Discussion: Matthew Yglesias and EconLog
Janet Albrechtsen / Wall Street Journal:
Not Everyone Should Own a Home  —  Even without Fan and Fred, American mortgage rules are unusually lax.  —  Maybe only a friendly foreigner could say this.  But America needs to realize that not everyone can own a home.  The American Dream of home ownership for all is a fraud.
Discussion: protein wisdom and Economix
Gallup:
Gallup Daily: Obama Leads 50% to 42%  —  Obama remains statistically ahead for tenth straight day  —  PRINCETON, NJ — Barack Obama leads John McCain among registered voters across the country by a 50% to 42% margin in Gallup Poll Daily tracking from Oct. 3-5, the tenth straight day in which Obama …
Nic Robertson / CNN:
Sources: Taliban split with al Qaeda, seek peace  —  LONDON, England (CNN) — Taliban leaders are holding Saudi-brokered talks with the Afghan government to end the country's bloody conflict — and are severing their ties with al Qaeda, sources close to the historic discussions have told CNN.
Wall Street Journal:
Biden's Fantasy World  —  Sarah Palin may not know as much about the world, but at least most of what she knows is true.  —  In the popular media wisdom, Sarah Palin is the neophyte who knows nothing about foreign policy while Joe Biden is the savvy diplomatic pro.
Kathryn Jean Lopez / The Corner:
COINCIDENCE?  —  Question from a reader:  —  Does the selloff on Wall Street have anything to do with the increasing likelihood that Obama will be our next president?  —  Note that the two trends — the financial meltdown, despite passage of the bailout, and the solidification of Obama's lead — are coinciding.
Discussion: Whiskey Fire
 
 
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 More Items: 
Barbara Bradley Hagerty / NPR:
Can Falwell's University Tip Virginia To McCain?
Discussion: Weekly Standard and Don Surber
Ezra Klein / American Prospect:
A CAMPAIGN JOHN MCCAIN WILL REGRET.
Associated Press:
Wall Street tumbles amid global sell-off
Amz / Democracy Corps:
Obama Emerges Ahead in Ohio
Discussion: Writes Like She Talks
Tim Dickinson / The Huffington Post:
McCain Still Wistful for “Charlie Keating's Shangri-la”
Discussion: Reason and Campaign Silo
Victor Davis Hanson / The Corner:
One Question for Sen. Obama
Signorile / The Gist:
Evangelical Leader: Fundies Grumbling About Palin's Gay Remarks …
CNN:
CNN RELIABLE SOURCES
Discussion: Crooks and Liars
 Earlier Items: 
Marc Ambinder:
The McCain Comeback Plan: Taxes, Crime, Associations And Real Reform
Todd Gitlin / TPMCafe:
Hannity's Witness: “Exterminate Jew Power”
Discussion: Campaign Silo
James B. Gerber / PolitickerCA:
DeLay leery of a President McCain
Paul Caron / TaxProf Blog:
Tax Profs Agree: Gov. Palin's Tax Returns Are Wrong
Alan Maimon / Las Vegas Review-Journal:
Arizonans recall run-ins with McCain
Discussion: Taylor Marsh and Majikthise
Julie Hirschfeld Davis / Associated Press:
Rep. Waxman: Lehman had ‘no accountability for failure’
Discussion: Corrente
Mike Murphy / Swampland:
30 Days Out...  Lots of process talk on the political tom-toms right …
Jerusalem Post:
Ex-officials misled by pro-Obama video
Discussion: Hot Air and Israel Matzav