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9:05 PM ET, February 10, 2009

memeorandum

 Top Items: 
Paul Krugman:
The Rorschach plan (wonkish, or at least hard to read)  —  An old joke from my younger days: What do you get when you cross a Godfather with a deconstructionist?  Someone who makes you an offer you can't understand.  —  I found myself remembering that joke when trying to make sense of the Geithner financial rescue plan.
RELATED:
Martin Wolf / Financial Times:
Why Obama's new Tarp will fail to rescue the banks  —  Has Barack Obama's presidency already failed?  In normal times, this would be a ludicrous question.  But these are not normal times.  They are times of great danger.  Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will own it.
Deborah Solomon / Wall Street Journal:
Market Pans Bank Rescue Plan  —  Treasury Secretary's Announcement Short on Details About Bad Assets, Mortgages  —  WASHINGTON — Treasury Secretary Timothy Geithner promised forceful action to get credit flowing again in the economy, but the lack of detail in his much-anticipated speech helped drive stocks …
Megan McArdle:
I'm from the government, and I'm here to help you
Discussion: Real Time Economics
The Huffington Post:
Administration Officials Met With Laughter At Bailout Briefing  —  Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.
Discussion: The Huffington Post
RELATED:
Roger Simon / The Politico:
After the speech, time for a drink
Discussion: The Swamp
Frank James / The Swamp:
Lawmakers laughed at Geithner plan
Discussion: The Politico
Zachary Roth / TPMMuckraker:
Ex-IMFer On Geithner's Speech: “This Is Not A Plan”
Haaretz:
Exit polls: Livni's Kadima leads in 2009 elections  —  Exit polls by Israel's three main television stations on Tuesday night showed Kadima as the leader in the 2009 general elections, with Likud coming a narrow second.  —  Channel 1, Channel 2 and Channel 10 polling of voters as they left …
RELATED:
Tess Scheflan / Haaretz:
Netanyahu: Right wing, led by Likud, won a clear victory  —  By Haaretz Service and News Agencies  —  Likud Chairman Benjamin Netanyahu declared victory in Tuesday's parliamentary election as he addressed supporters in a speech early Wednesday, despite exit polls that predicted …
Media Matters for America:
Fox passes off GOP press release as its own research — typo and all … During the February 10 edition of Fox News' Happening Now, co-host Jon Scott claimed that “the Senate is expected to pass the $838 billion stimulus plan — its version of it, anyway.  We thought we'd take a look back at the bill …
RELATED:
www.dcexaminer.com:
Blue Dog nips Obama with a better stimulus idea
Discussion: Hot Air, DownWithTyranny! and RedState
Michael Grabell / ProPublica:
The Stimulus Bills: House vs. Senate  —  If all goes as expected today, the Senate will pass an $838 billion economic stimulus plan that follows a compromise reached over the weekend.  But before the package can go to President Obama's desk, the Senate will have to resolve differences with the House and its $819 billion version.
RELATED:
Jack Kuenzie / WIS-TV:
Eight arrested in Michael Phelps case  —  Updated:  —  COLUMBIA, SC (WIS) - New details have emerged about a party where Olympic champion Michael Phelps was spotted.  —  On Feb. 2, a British tabloid published a picture of the 14-time Olympic gold medalist using a water pipe to smoke marijuana.
Discussion: The Raw Story, The Dish Rag and Hot Air
Catherine Philp / Times of London:
Iranian mob attacks moderate ex-president Mohammed Khatami on anniversary  —  Iran's former president was set upon by an angry stick-wielding mob today amid celebrations of the 30th anniversary of the Islamic Revolution on the streets of Tehran.  —  The attack on Mohammed Khatami came …
Discussion: Obsidian Wings
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Tyler Durden / Zero Hedge:
How The World Almost Came To An End At 2PM On September 18  —  LiveLeak has caught a scary moment of previously undisclosed insight by Paul Kanjorski where he reveals some facts that have not been captured by the media previously.  At 2 minutes and 20 seconds in the video below …
Chris Cillizza / The Fix:
Mr. Franken Comes to Washington  —  Entertainer Al Franken (D-Minn.) will spend the next two days in Washington readying himself to serve in the Senate, a move that comes even as the contested Minnesota Senate election plods on.  —  Franken arrives in town tonight and will be here through Thursday …
Discussion: TIME.com
RELATED:
Kevin Duchschereand Pat Doyle / Minneapolis Star …:
Senate recount trial: Rejected absentee ballots of 23 voters can be counted
Discussion: The Caucus
Katie Escherich / ABCNEWS:
Obama: ‘There Is No Easy Out’ for Wall Street  —  In Exclusive Interview, President Warns of ‘a Perfect Storm of Financial Problems’  —  On the same day his treasury secretary detailed a $2 trillion plan to stabilize the U.S. banking systems and the Senate narrowly passed …
Discussion: TIME.com and The Caucus
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Andy Barr / The Politico:
Huckabee: Stimulus is ‘anti-religious’  —  Former Arkansas Gov. Mike Huckabee warned supporters Tuesday that the $828 billion stimulus package is “anti-religious.”  —  In an e-mail that was also posted on his blog ahead of the Senate's passage, Huckabee wrote: “The dust is settling …
RELATED:
Steve Benen / Washington Monthly:   HUCKABEE DOESN'T KNOW WHAT HE'S TALKING ABOUT.... You've got to be kidding me.
Paul Krugman:
What happened to Clive Crook?  —  Clive used to be a reasonable guy; in his mind he probably still is a reasonable guy.  But he has misunderstood what it means to be reasonable.  He now apparently believes that it means declaring, in all circumstances, that Democrats and Republicans are equally …
RELATED:
Clive Crook:
Dismal science, revisited
Discussion: Will Wilkinson
Zachary Coile / San Francisco Chronicle:
Salazar puts coastal drilling plans on hold  —  (02-10) 13:30 PST Washington - —  President Obama is shelving a plan announced in the final days of the Bush administration to open much of the U.S. coast to oil drilling, including 130 million acres off California's coast from Mendocino to San Diego.
RELATED:
Washington Whispers:
Busy Sarah Palin Backs Out of CPAC; Rush Limbaugh Is Still Speaking  —  The opening-day headliner for the annual CPAC conservative convention February 26-28, Alaska Gov. Sarah Palin, has pulled out, citing state business in Juneau.  “We're obviously disappointed,” said a CPAC official.
granma.cu:
Rahm Emanuel  —  WHAT a strange surname!  It appears Spanish, easy to pronounce, but it's not.  Never in my life have I heard or read about any student or compatriot with that name, among tens of thousands.  —  Where does it come from?  I wondered.  Over and over, the name came to mind …
Domenico Montanaro / MSNBC:
BLAGO, LIBBY PROSECUTOR TO STAY ON  —  From NBC's Pete Williams  —  Patrick Fitzgerald, the U.S. attorney in Chicago who brought criminal fraud charges against Rod Blagojevich, will be staying in his job in the Obama administration, even though he was appointed to the position by President George W. Bush.
Discussion: TalkLeft and TPMMuckraker
Myglesias / Matthew Yglesias:
Nationalization After All  —  If I'm reading this correctly, Timothy Geithner's financial rescue plan actually might lead to bank nationalizations after all.  The key thing is provision 1b of fact sheet: … There's clearly a desire here to avoid nationalization.  A strong desire.
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Kevin Helliker / Wall Street Journal:
You Might as Well Face It: You're Addicted to Success  —  Forced to take a buyout from the Kansas City Star last summer, Paul Wenske lost his sense of identity.  “I'd been an investigative reporter all my life, and then boom,” says Mr. Wenske, an award-winning journalist of 30 years.
Discussion: Gawker
 
 
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 More Items: 
Clark / Show Me Progress:
“War of Northern Aggression”?
Discussion: Think Progress and Political Fix
PZ Myers / Pharyngula:
They are as stupid as you think they are...even stupider
Alexia Campbell / Sun-Sentinel:
Bill would drop travel restrictions to Cuba
Discussion: The Reaction
Ynetnews:
Survey: 31% of Europeans blame economic crisis on Jews
Discussion: Atlas Shrugs
 Earlier Items: 
Jay Cost / HorseRaceBlog:
The President Attacks a Republican Straw Man
Discussion: Don Surber and Hot Air
PR Newswire:
Public Rejects Obama Stimulus Bill According to New ATI-News/Zogby Poll
Discussion: Townhall.com
Steve Benen / Washington Monthly:
THEY'RE NOT USED TO THESE KINDS OF QUESTIONS.... When Sam Stein …
 

 
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Thomas Barrabi / New York Post:
Google fires 28 employees over their participation in a 10-hour sit-in at the company's New York and Sunnyvale offices to protest its business ties with Israel

Bill Toulas / BleepingComputer:
Europol and 19 countries make 37 arrests and disrupt phishing-as-a-service platform LabHost in a year-long operation with help from Microsoft, Intel, and others

Sheila Chiang / CNBC:
TSMC reports Q1 revenue up 16.5% YoY to ~$18.87B, vs. ~$18B est., net income up 8.9% YoY to ~$6.97B, vs. ~$6.6B est., and expects strong AI chip demand in Q2

 
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