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3:50 PM ET, January 30, 2009

memeorandum

 Top Items: 
Erik Larson / Bloomberg:
Cuomo Said to Eye Return of $4 Billion in Early Merrill Bonuses  —  Jan. 29 (Bloomberg) — New York Attorney General Andrew Cuomo may demand the return of $4 billion in bonuses paid by Merrill Lynch & Co. just before it was acquired by Bank of America Corp., a person familiar with the matter said.
RELATED:
Bloomberg:
Obama Calls Bonuses ‘Shameful’ as Dodd Vows to Reclaim Money  —  Jan. 29 (Bloomberg) — President Barack Obama fed a swelling populist revolt against Wall Street bonuses, calling it “shameful” that banks doled out $18.4 billion as taxpayers bail out companies and the U.S. remains mired in a recession.
CNN:
Giuliani: Corporate plums help keep NYC afloat
Portfolio:
Cuts Coming Next Week at ‘The Wall Street Journal’
Charles Hurt / New York Post:
CHANGE FOR THE WORSE  —  WASHINGTON - Buried deep inside the massive spending orgy that Democrats jammed through the House this week lie five words that could drastically undo two decades of welfare reforms.  —  The very heart of the widely applauded Welfare Reform Act of 1996 is a cap …
Discussion: Weekly Standard and Townhall.com
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Paul Krugman / New York Times:
Health Care Now  —  The whole world is in recession.  But the United States is the only wealthy country in which the economic catastrophe will also be a health care catastrophe — in which millions of people will lose their health insurance along with their jobs, and therefore lose access to essential care.
Wall Street Journal:
Democratic Stealth Care  —  With the nation preoccupied by the financial crisis, Democrats have been quietly working to nationalize health care.  —  Tom Daschle is still waiting to be confirmed as secretary of health and human services, not that he's in any rush.
The Politico:
GOP fights to keep Gregg in the Senate  —  Republicans in Washington and New Hampshire are mounting a full-court press to keep Sen. Judd Gregg (R-N.H.) in the Senate and out of the Obama administration, aides and senators said Friday.  —  But if he does take the commerce secretary job …
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Mark Silva / The Swamp:
Obama vs Limbaugh: ‘Adult beverages’  —  President Barack Obama should think twice before making too much of the criticism of radio's Rush Limbaugh, Republican Sen. John McCain suggests.  —  While Limbaugh slams the Obama administration for the “pork” of the president's economic stimulus plan …
RELATED:
Brian Maloney / The Radio Equalizer:
New Anti-Limbaugh Radio Attack Ad To Air Beginning Tomorrow
Discussion: Hot Air, Riehl World View and Video
Adriel Bettelheim / Balance of Power:
Will Opposing the Stimulus Makes Voters See Blue?
Discussion: DCCC and Kevin Drum
Matt Corley / Think Progress:
Nelson ‘Undecided’ On Recovery Plan: 'I Don't Even Know How Many Democrats Will Vote For It As It Stands'  —  On Wednesday, when the House voted 244 - 188 to approve the American Recovery and Reinvestment Act, 11 Democrats joined with the entire Republican caucus in voting against the bill.
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Trish Turner / Fox News:
Influential Senate Dem Questions Party Support for Stimulus Bill  —  Sen. Ben Nelson told FOX News he is unsure how many Democrats will support President Obama's $819 billion economic stimulus bill.  —  FOXNews.com  —  An influential Senate Democrat said Friday that it's unclear whether …
Joe Biden / USA Today:
Time to put middle class front and center  —  For years, we had a White House that failed to put the middle class front and center in its economic policies.  —  President Obama has made it clear that is going to change.  And it's why he has asked me to lead a task force on the middle class.
RELATED:
David Stout / New York Times:
Obama Moves to Reverse Bush's Labor Policies
Ben Smith / Ben Smith's Blogs:
Power's back  —  In quietly hiring Samantha Power at the NSC, Barack Obama has brought back from an exile yet another adviser known for speaking her mind.  —  Power's exile was a matter of political convenience: She wasn't some political operative who had played a dirty trick …
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Charles Krauthammer / Washington Post:
Obama Distorts America's Stance on Muslims  —  Every new president flatters himself that he, kinder and gentler, is beginning the world anew.  Yet, when Barack Obama in his inaugural address reached out to Muslims by saying “to the Muslim world, we seek a new way forward …
CNN:
Monument to Bush shoe-throwing shines at Iraqi orphanage  —  BAGHDAD, Iraq (CNN) — For the war-beaten orphans of the northern Iraqi city of Tikrit, this big old shoe fits.  —  A huge sculpture of the footwear hurled at President Bush in December during a trip to Iraq has been unveiled in a ceremony at the Tikrit Orphanage complex.
RELATED:
Ben Armbruster / Think Progress:   Iraqis construct shoe sculpture to honor Bush shoe-throwing incident.»
Myglesias / Matthew Yglesias:
Alice Rivlin: “Now Is An Excellent Time To Fix Social Security And Medicare”  —  Pete Davis reports on a lunch talk by former OMB Director Alice Rivlin (she was CBO Director, too, the Peter Orszag of her day) about the economic situation: … Very little about the conservative movement's reaction …
RELATED:
Ramesh Ponnuru / New York Times:
Social Security on the First Date
Carol Rosenberg / McClatchy Washington Bureau:
Former USS Cole commander slams Obama on Guantanamo  —  The former commander of the USS Cole, the American war ship that was struck by a suicide boat in Yemeni waters more than eight years ago, on Thursday slammed President Barack Obama's orders to close the Guantanamo detention center and reassess the prisoners being held there.
Monica Davey / New York Times:
Blagojevich Makes a Day of It on Way Out  —  CHICAGO — As the nine-seat airplane raced through the skies on Thursday somewhere between Springfield and here, an onboard telephone began to ring.  —  Rod R. Blagojevich, the soon-to-be ex-governor of Illinois, instructed his aides not to answer.
Discussion: Time and Washington Post
RELATED:
New York Times:   Mr. Misdeeds Exits the Statehouse
David Brooks / New York Times:
Cleaner and Faster  —  Throughout 2008, Larry Summers, the Harvard economist, built the case for a big but surgical stimulus package.  Summers warned that a “poorly provided fiscal stimulus can have worse side effects than the disease that is to be cured.”  So his proposal had three clear guidelines.
The Daily Beast:
Sticking It to Rahm  —  We Hate Rahm: Inside the GOP's Obama Revolt by John Batchelor  —  Blogs and Stories  —  From their shared loathing of Rahm Emanuel to the insurgency led by the minority leader ("he took us by the throat"), the inside story of why not a single House Republican supported the president's stimulus package.
Ben Smith / Ben Smith's Blogs:
Duncan drops out  —  Republican National Committee Chairman Mike Duncan ended his bid for re-election after fading in two rounds of voting.  —  “Obviously the winds of change are blowing at the RNC,” Duncan said, adding that he trusts the “vision” of his fellow members.  “I understand what's going on.”
Discussion: Washington Monthly and Daily Kos
Kos / Daily Kos:
IL-Sen: The GOP's best lag behind  —  Research 2000 for Daily Kos. 1/26-28.  Likely voters.  MoE 4%, 5% for primary samples (No trendlines) … What can you say?  It's early and people aren't ready to make any calls.  Given that Rep. Jan Schakowsky and State Treasurer Alexi Giannoulias …
 
 
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 More Items: 
Josh Marshall / Talking Points Memo:
CLARITY  —  So we've just had a third vote in the RNC chairmanship race.
Ann Althouse / Althouse:
If it turns out teenagers aren't having that much sex, does …
Discussion: New York Times and JustOneMinute
Jared Polis / CNN:
Commentary: Congress is like going back to college
Emily Wax / Washington Post:
U.S. Removes Kashmir From Envoy's Mandate; India Exults
Damon Linker / The New Republic:
How to End the Culture War
Elisabeth Rosenthal / New York Times:
New Jungles Prompt a Debate on Rain Forests
Discussion: Reason and Pajamas Media
Michael Gerson / Washington Post:
What Israel Gained in Gaza
Discussion: Commentary and Yourish.com
 Earlier Items: 
Lynnley Browning / New York Times:
A Rich Income in '06 Was $263 Million
David Harsanyi / Denver Post:
Proof that all debate is now over
Discussion: Cold Fury
Ruth Simon / Wall Street Journal:
Option ARMs See Rising Defaults