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11:15 AM ET, January 5, 2009

memeorandum

 Top Items: 
Paul Krugman / New York Times:
Fighting Off Depression  —  “If we don't act swiftly and boldly,” declared President-elect Barack Obama in his latest weekly address, “we could see a much deeper economic downturn that could lead to double-digit unemployment.”  If you ask me, he was understating the case.
RELATED:
Paul Krugman:
Is Obama relying too much on tax cuts?  —  I don't know yet.  But news reports this morning certainly raise questions.  —  Let's lay out the basics here.  Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons.
Wall Street Journal:
Obama Eyes $300 Billion Tax Cut  —  Huge Breaks for Firms, Individuals Are Aimed at Winning GOP Support for Stimulus  —  WASHINGTON — President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses …
New York Times:
Obama Plan Includes $300 Billion in Tax Cuts
Edward L. Glaeser / Boston Globe:   Who should get the federal stimulus funds
John R. Bolton / Washington Post:
The Three-State Option  —  War in the Gaza Strip demonstrates yet again that the current governance paradigm for the Palestinian people has failed.  Terrorists financed and supplied by Iran control Gaza; the Palestinian Authority is broken, probably irretrievably; and economic development is stalled in Gaza and the West Bank.
RELATED:
William Kristol / New York Times:
Why Israel Fights  —  The Israeli assault on Hamas in Gaza is going to be a replay, we're told, of the attempt to subdue Hezbollah in southern Lebanon in the summer of 2006.  And the outcome, it's asserted, will be the same: lots of death and destruction, no strategic victory for Israel …
Fares Akram / The Independent:
Gaza: The death and life of my father  —  For Fares Akram, The Independent's reporter in Gaza, the Israeli invasion became a personal tragedy when he discovered his father was one of the first casualties of the ground war  —  The phone call came at around 4.20pm on Saturday.
Discussion: Mondoweiss
Max Boot / Wall Street Journal:   Israel's Tragic Gaza Dilemma
Michael Lerner / Times of London:
It breaks my heart to see Israel's stupidity
Amy Forliti / Associated Press:
Minnesota canvassing board expected to say that Democrat Al Franken is winner in Senate race  —  MINNEAPOLIS - The state Canvassing Board was posed to certify the results of the recount in Minnesota's grueling Senate election in Al Franken's favor — but that doesn't mean the race is definitely over.
RELATED:
Right Wing News:
The 7th Annual “20 Most Annoying Liberals Of 2008”  —  Honorable Mentions: Bill Ayers, Jimmy Carter, Bill Clinton, Juan Cole, Kent Conrad, The Daily Kos, Bill Delahunt, Glenn Greenwald, Alcee Hastings, Christopher Hitchens, The Huffington Post, Jesse Jackson, Jesse Jackson Jr. Caroline Kennedy …
Discussion: Jules Crittenden
New York Times:
Restore the Senate's Treaty Power  —  THE Constitution's Treaty Clause has long been seen, rightly, as a bulwark against presidential inclinations to lock the United States into unwise foreign commitments.  The clause will likely be tested by Barack Obama's administration …
Richard Pérez-Peña / New York Times:
The Times to Sell Display Ads on the Front Page  —  In its latest concession to the worst revenue slide since the Depression, The New York Times has begun selling display advertising on its front page, a step that has become increasingly common across the newspaper industry.
Donna Cassata / Associated Press:
Scribner to publish first lady Laura Bush's memoir  —  WASHINGTON (AP) - First lady Laura Bush has sealed a deal worth millions with Scribner to publish a memoir that will encompass her recollections of personal and historical moments, including her eight years in the White House.
Discussion: TIME.com and Associated Press
RELATED:
Carl Hulse / New York Times:
Speaker Makes Room for New No. 1 Democrat
Associated Press:
Chronology of key events in Richardson withdrawal  —  Notable events leading to New Mexico Gov. Bill Richardson's withdrawal of his bid to become commerce secretary:  —  _ Early 2003: Richardson wins legislative approval of a $1.6 billion highway and transportation construction program …
RELATED:
Jonathan Martin / The Politico:
Team pressed Richardson, got nothing
Simon Tisdall / Guardian:
Barack Obama's silence on Gaza is damaging his reputation  —  Barack Obama's chances of making a fresh start in US relations with the Muslim world, and the Middle East in particular, appear to diminish with each new wave of Israeli attacks on Palestinian targets in Gaza.
RELATED:
Maria Recio / McClatchy Washington Bureau:
Bush first ex-prez to face limit on Secret Service protection  —  WASHINGTON — President George W. Bush's “after-life,” as Laura Bush calls the post-presidency, is shaping up to be pretty comfortable, with a Dallas office, staffers, Secret Service protection, a travel budget …
Donald R. Winslow / nppa.org:
Pete Souza Named Obama's White House Photographer  —  Photojournalist and NPPA member Pete Souza has accepted the position of official White House photographer for President-elect Barack Obama, he told News Photographer magazine tonight.  —  Souza received the offer for the position from Robert Gibbs …
Pajamas Media:
Some Differences Between Hamas and the Nazi Party  —  I find the current situation deeply sorrowful, harrowing.  There is one aspect of it that I think needs clarification, a clarification that will help thinking about the situation as a whole, and that is the analogies between Hitler, the Nazis and Hamas.
Discussion: Power Line
Willem Buiter's Maverecon:
Can the US economy afford a Keynesian stimulus?  —  Economic policy is based on a collection of half-truths.  The nature of these half-truths changes occasionally.  Economics as a scholarly discipline consists in the periodic rediscovery and refinement of old half-truths.
Debora Spar / Washington Post:
One Gender's Crash  —  Let me begin with the caveats: I like men.  My husband is one, as are my two sons.  I have spent most of my career surrounded by men, and I have no major complaints.  But as the financial debacle unfolds, I can't help noticing that all the perpetrators …
Debbi Wilgoren / Washington Post:
Obama Girls Start School at Sidwell  —  It remains awfully difficult to catch a glimpse of First Kids-to-Be Malia and Sasha Obama, but at least we can say for certain where they are this morning: getting to know their new classmates at the Sidwell Friends campuses in upper Northwest Washington and Bethesda.
Discussion: TIME.com
 
 
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 More Items: 
George Selgin / Wall Street Journal:
Argentina Is Short of Cash - Literally
Discussion: LewRockwell.com Blog
David Kahane / National Review:
Life in the Clown-Car Fast Lane
Discussion: Commentary
Kathryn Jean Lopez / The Corner:
‘Like Son Jeb as President’
Discussion: The Moderate Voice and MSNBC
CNN:
Top Hamas official defiant over rocket strikes
Discussion: The Reaction and Yourish.com
Elizabeth Benjamin / NY Daily News:
Still a tug of war for Senate Dems
Ynetnews:
28 rockets fired at southern Israel
 Earlier Items: 
Robert J. Samuelson / Washington Post:
The Limits Of Pump Priming
Discussion: Concurring Opinions
Alexander Burns / The Politico:
Frist out of 2010 race  —  Former Senate Majority Leader Bill Frist …
Discussion: Scorecard's Blogs
Rudy Giuliani / CNN:
Giuliani: What New York needs in a senator
Mere Rhetoric:
MEDIA FAUXTOGRAPHY NOW IN FULL SWING
Discussion: THE ASTUTE BLOGGERS
Stable Hand / The Jawa Report:
SF: Interesting Pro-Hamas Protest Banner
Discussion: Dodgeblogium
 

 
From Mediagazer:

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

 
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