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10:40 AM ET, February 27, 2009

memeorandum

 Top Items: 
CNN:
Steele to CPAC: The Republican party is just fine  —  WASHINGTON (CNN) - Capping off a day of conservative soul-searching, strategizing and navel-gazing at the annual Conservative Political Action Conference in Washington, Republican National Committee chairman Michael Steele announced Thursday …
RELATED:
John Bresnahan / The Politico:
Pelosi butts heads with Obama  —  Nancy Pelosi repeatedly stood to applaud Barack Obama when he addressed a joint session of Congress Tuesday night.  But in the days since, the speaker of the House has been standing up for herself —distancing herself from the president on Iraq …
RELATED:
J. Taylor Rushing / The Hill:
Reid joins Pelosi in opposing weapons ban revival  —  Senate Majority Leader Harry Reid will join Speaker Nancy Pelosi (D-Calif.) in opposing any effort to revive the 1994 assault weapons ban, putting them on the opposite side of the Obama administration.  —  Reid spokesman Jim Manley …
Discussion: DownWithTyranny! and QandO
J. Taylor Rushing / The Hill:
Revival of gun debate puts Gillibrand in tough spot  —  Attorney General Eric Holder's push for the renewal of the assault -weapons ban has put Sen. Kirsten Gillibrand (D-N.Y.) between a rock and a hard place.  —  Gillibrand, who faces a possible primary fight from Rep. Carolyn McCarthy …
Discussion: New York Times
Paul Krugman / New York Times:
Climate of Change  —  Elections have consequences.  President Obama's new budget represents a huge break, not just with the policies of the past eight years, but with policy trends over the past 30 years.  If he can get anything like the plan he announced on Thursday through Congress, he will set America on a fundamentally new course.
RELATED:
David Leonhardt / New York Times:
A Bold Plan Sweeps Away Reagan Ideas  —  The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.  —  The Obama budget — a bold, even radical departure from recent history …
Eric Dash / New York Times:
U.S. Agrees to Raise Its Stake in Citigroup  —  In its most daring bid yet to stabilize Citigroup, one of the nation's largest and most troubled financial institutions, the Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company.
RELATED:
Stephen Bernard / Associated Press:
Government could own up to 36 pct. of Citigroup
Frank James / The Swamp:
U.S.'s Citigroup stake rises
Discussion: The Politico
Peter Baker / New York Times:
Obama Plans to End Combat Mission in Iraq by August 2010  —  WASHINGTON — President Obama heads to one of the nation's most storied military bases Friday morning to unveil plans to pull most troops out of Iraq by August 2010 and he has support from an unlikely quarter — Senator John McCain …
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David Weigel / The Washington Independent:
Conservatives Confident Their Day Is Coming  —  Tucker Carlson closed out the first day of the Conservative Political Action Conference to a chorus of boos.  His crime: informing a crowd of youngish, frustrated conservatives that if they wanted to succeed, they had to copy The New York Times.
Financial Times:
Insight: Time to expose those CDOs  —  Just how much should a debt vehicle backed by subprime mortgage bonds be worth these days?  Two years ago, most banks and insurance companies assumed the answer was close to 100 per cent of face value - or more.  —  Since then, however, that “price” …
RELATED:
Hilzoy / Obsidian Wings:   Now That's What I Call Toxic!
CNBC:
Steep GDP Revision Puts Economic Loss at 6.2%  —  The U.S. economy contracted more sharply than initially estimated in the fourth quarter, government data showed on Friday, as exports plunged and consumers cut spending by the most in over 28 years amid a severe recession.
Discussion: AMERICAblog News
Rasmussen Reports:
59% Still Believe Government Is the Problem  —  In early October, as the meltdown of the financial industry gained momentum following the collapse of Lehman Brothers, a Rasmussen Reports national telephone survey found that 59% of U.S. voters agreed with Ronald Reagan that …
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Andrew Malcolm / Top of the Ticket:
More entertaining Sen. Burris news, this time on son Burris II  —  Not an all-around awful day for Democratic Sen. Roland Burris of Illinois.  —  Just terrible this time.  —  As you may have heard, the legally-embattled junior Illinois senator replacement for Barack Obama …
RELATED:
Newsdesk / Clout St:
Quinn: let's have special election if Burris won't resign within two weeks
Discussion: The Politico
Zombie / zomblog:
San Francisco welcomes William Ayers and Bernardine Dohrn  —  Former Weather Underground leaders William Ayers and Bernardine Dohrn made an appearance at San Francisco's Modern Times Bookstore on February 21 to promote their new book Race Course Against White Supremacy.
Discussion: American Power
Larry Margasak / Associated Press:
Firms defraud government but get new US contracts  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.
Brett Neely / Bloomberg:
Arsonists Torch Berlin Porsches, BMWs on Economic Woe  —  Feb. 27 (Bloomberg) — When Berlin resident Simone Klostermann returned from vacation and couldn't find her Mercedes SLK, she thought it had been towed.  Police told her the 35,000- euro ($45,000) car had been torched.
Discussion: Riehl World View and The Corner
Dan Balz / Washington Post:
Ambitious Blueprint a Big Risk The President Is Willing to Take  —  President Obama's first budget — with its eye-popping $1.75 trillion deficit, a health-care fund of more than $600 billion, a $150 billion energy package and proposals to tax wealthy Americans even beyond what he talked …
Discussion: MSNBC and NPR Blogs
 
 
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 More Items: 
Meg Marco / Consumerist:
The “Worst Food Product Ever” May Have Been Found
Financial Times:
SEC alerted about Stanford in 2003
Discussion: CBS News and Washington Post
Kara Yates / CNN:
$400,000 for comic book? Better be Super good
Discussion: Boing Boing
Joan Lowy / Associated Press:
Panel: Raise gas tax, charge drivers by the mile
Discussion: Gateway Pundit
Yinka Adegoke / Reuters:
Newsday plans to charge for online news
Leslie Wayne / New York Times:
$25 Billion to Promote Electric Cars Is Untouched
Discussion: Green Sheet
Attaturk / Firedoglake:
Credit Crisis for the intellectually bankrupt
Discussion: TBogg and 24Ahead
 Earlier Items: 
Megan McArdle:
Obama's big-bath accounting
Discussion: Economix and Real Time Economics
Joby Warrick / Washington Post:
Senate Panel to Examine CIA Detainee Handling
Discussion: Democrats.com, TIME.com and Time
Karen DeYoung / Washington Post:
National Security Structure Is Set
Discussion: Think Progress and TIME.com
Tom Brune / Newsday:
In turnaround, Gillibrand backs key gun-control issue
David S. Broder / Washington Post:
Obama Rolls The Dice
Discussion: QandO, Openers and The Plum Line
Jeanne Cummings / The Politico:
Class warfare returns to D.C.