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9:55 PM ET, March 23, 2009

memeorandum

 Top Items: 
Paul Krugman:
Geithner plan arithmetic  —  Leave on one side the question of whether the Geither plan is a good idea or not.  One thing is clearly false in the way it's being presented: administration officials keep saying that there's no subsidy involved, that investors would share in the downside.  That's just wrong.
RELATED:
The Politico:
Reviews are in: Geithner clears the bar  —  Featured Topics: - Barack Obama - Presidential Transition  —  It was bound to happen sooner or later.  —  Treasury Secretary Timothy Geithner - who hasn't had many winning days in his short tenure on Pennsylvania Avenue - scored a big political victory Monday …
Myglesias / Matthew Yglesias:
Inviting the Public to Play  —  As I've said before, I think there are at least three different dimensions along which you need to try to evaluate the Geithner Plan.  One is political feasibility.  Two is likely efficacy in terms of recapitalizing banks.  And three is fairness/justice.
John Heilemann / New York Magazine:
Inside Obama's Economic Brain Trust
Discussion: Ben Smith's Blog
Eric Martin / Bloomberg:
Bank of America's Bernstein Says Sell Bank Stocks After Rally  —  Investors should sell bank stocks after they rallied 12 percent today because the Treasury Department's plan to buy toxic assets won't stop profits from dropping, Bank of America Corp.'s Richard Bernstein said.
RELATED:
Amanda Terkel / Think Progress:
I Was Followed, Harassed, And Ambushed By Bill O'Reilly's Producer  —  On March 1, ThinkProgress picked up on a story by News Hounds, which noted that Fox News host Bill O'Reilly — who has made controversial comments about rape victims in the past — was slated to speak at a March 19 fundraiser for the Alexa Foundation.
Allahpundit / Hot Air:
Canadian defense minister to Greg Gutfeld and Fox News: Apologize; Update: Gutfeld apologizes  —  In which a YouTube grassroots brushfire explodes into a full-blown international incident.  You make the call: Below you'll find the “Red Eye” segment that aired on March 17 followed by MacKay's demand for an apology this morning.
Discussion: Gawker and five feet of fury
RELATED:
canada.com:
Fox host apologizes for mocking Canadian military  —  PHOTOS ( 1 )  —  A segment from the Fox News program Red Eye mocking Canada's effort in Afghanistan is available on YouTube.  —  OTTAWA — The Fox News television host who mocked Canadian troops in Afghanistan has apologized for what he says was a satire.
Discussion: VetVoice and BLACKFIVE
Jessica Leeder / Globe and Mail:
Fox News host apologizes to Canada - sort of
Discussion: Balloon Juice
Eric Ostermeier / Smart Politics:
Michele Bachmann on D.C.: “I'm a Foreign Correspondent On Enemy Lines”  —  During a Saturday afternoon interview on WWTC 1280 AM with The Northern Alliance's John Hinderaker and Brian Ward, Minnesota Republican Congresswoman Michele Bachmann discussed her staunch opposition to several Democratic-led efforts …
RELATED:
Glenn Thrush / The Politico:
Bachmann urges ‘armed’ climate revolt
Discussion: Dump Michele Bachmann
The Politico:
Groups push reconciliation option  —  Featured Topics: - Barack Obama - Presidential Transition  —  An umbrella group of progressive organizations is pressing congressional budget leaders to keep the option of using expedited budget procedures to move President Barack Obama's healthcare initiatives through …
RELATED:
Jamil Anderlini / Financial Times:
China calls for new reserve currency  —  China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.  —  In an essay posted on the People's Bank of China's website, Zhou Xiaochuan …
Megan Slack / The Huffington Post:
Tammy Bruce Calls The Obamas “Trash In The White House”  —  Tammy Bruce, guest host for Laura Ingram's radio show, had some harsh words for First Lady Michelle Obama.  —  Discussing the first lady's visit to a Washington D.C. classroom last week, Bruce incredulously recalled Obama's story …
Jorr / Christian Science Monitor:
Obama writes letter to Chirac - blogosphere goes crazy  —  Want to know how quickly rumors get spread on the Internet?  Here's a prime example.  —  The right side of the web is apoplectic this morning claiming that President Obama doesn't know who the French president is.
Andrew Sullivan / The Daily Dish:
The Brutal Truth  —  Alex Knapp: … My sense is that it is a delayed reaction in some ways to Bush, and his betrayal of conservatism.  For all sorts of reasons, most of the current tea-partiers backed the GOP under Bush and Cheney, although some, to be fair, did complain about some of it.
RELATED:
DealBook:
Cuomo Says Most Huge A.I.G. Bonuses Were Returned  —  Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group were giving back their bonuses.  —  He also said 15 of the largest 20 bonus recipients …
Discussion: Gawker, Salon, Hot Air, TPMMuckraker and Wonkette
Adam Silverman / USA Today:
Same-sex marriage measure sails through Vt. Senate  —  The Vermont Senate on Monday evening overwhelmingly passed a bill that could legalize same-sex marriage in the state.  —  The state Senate voted 26-4 in favor of the measure introduced by Democratic state Sen. John Campbell.
RELATED:
The Daily Politics:
Schumer Comes Out For Gay Marriage (Updated)
John / Power Line:
SECOND TIME'S A CHARM  —  As far as the market is concerned, anyway, Tim Geithner's second shot at laying out a plan to rescue the nation's banking system is being received a lot better than his first.  At this moment, the Dow is up over four percent.  —  You can read the Treasury Department's description of the plan here.
Discussion: The Huffington Post
RELATED:
Associated Press:
Rep. Frank calls Scalia a ‘homophobe’ in interview  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Massachusetts Rep. Barney Frank called Supreme Court Justice Antonin Scalia a “homophobe” in a recent interview with the gay news Web site 365gay.com.
Juliet Eilperin / Washington Post:
EPA: Global Warming Threatens Public Health, Welfare  —  The Environmental Protection Agency sent a proposal to the White House on Friday finding that global warming is endangering the public's health and welfare, according to several sources, a move that could have far-reaching implications for the nation's economy and environment.
Discussion: Gristmill, cab drollery, Wonk Room and Salon
Kevin Rennie / Real Clear Politics:
Dodd's Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company  —  No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG.
Discussion: NO QUARTER and DISSENTING JUSTICE
Greg Sargent / The Plum Line:
Law Professor Who Advised Obama Says House AIG Bill May Be Unconstitutional  —  I just got off the phone with Harvard professor Laurence Tribe, who advised Obama during the campaign, and he says he's leaning towards seeing the new House bill to tax back all the AIG bonuses as unconstitutional.
Martin Beck / L.A. Now:
Federal judge postpones medical marijuana sentencing  —  A federal judge in Los Angeles this morning postponed the sentencing of a man who emerged as a key figure in the national debate over medical marijuana, saying he wanted additional information about a reported change in the Justice Department's policy regarding such prosecutions.
Mark Silva / The Swamp:
Barack Obama Industrial Average: Rising  —  The stock market is up, in terms relative to its most recent terrifying trench, and so is President Barack Obama's approval rating, which also bottomed out a while back.  —  The president would like people to think he follows neither indicator too closely …
Discussion: The Politico
Myglesias / Matthew Yglesias:
Breaking up the Big Banks  —  My biggest concern about the PPIP approach to the banking system is that even if it works, what it does essentially is return us to the pre-crisis status quo—banks that are so large that they're too politically powerful to regulate effective and too systemically important to be allowed to fail.
Discussion: Eschaton, Open Left and Newshoggers.com
Matt Corley / Think Progress:
Fox News VP: Fox is ‘the voice of opposition’ to the Obama administration.  —  Though Fox News is widely known to be biased in favor of conservatism, the network likes to claim that is “fair and balanced” and that the objectivity of the “hard news” they do is “is not in question.”
Discussion: NPR
Ann Sanner / Associated Press:
Senate looks into expanding AmeriCorps  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Senate agreed Monday to take up legislation to triple the size of the AmeriCorps program and open up opportunities for more people to serve their communities.
ABCNEWS:
JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar  —  Outraged Critics Decry the Proposal, Call For Bank To Abandon Plans  —  Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build …
 
 
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 More Items: 
Chris Kelly / The Huffington Post:
Townhall: Michelle Obama is a Bitch, Get It?
John Mellencamp / The Huffington Post:
On My Mind: The State of the Music Business
Discussion: NewsBusters.org and The Corner
New York Times:
Sunni Militia Say Iraq Didn't Keep Jobs Promises
CNN:
FAREED ZAKARIA GPS
Discussion: Crooks and Liars and Balloon Juice
Ben Smith / Ben Smith's Blog:
Koh to State  —  Harold Hongju Koh, one of the nation's …
Discussion: Weekly Standard
Kimberly Hefling / Associated Press:
Senator seeks to halt sales of ‘e-cigarettes’
Michael Barone:
Republicans Aren't Doing Better—Democrats Are Doing Worse
 Earlier Items: 
Colleen Long / Associated Press:
NY state senator indicted, accused of assault
Felix Salmon / Portfolio:
How Treasury's Bank Bailout Could Make Things Worse
Cynthia Littleton / Variety:
Tempest of the ‘toldja!’ journalists
Discussion: Blogs and Stories
Myglesias / Matthew Yglesias:
Charles Murray's Praise of Human Misery
Donna Bryson / Associated Press:
South Africa bars Dalai Lama from peace conference
Steve Kornacki / Politicker NY:
Obama Sells Out a Friend From Connecticut
Discussion: neo-neocon
 

 
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Tom Bell / The Portland Press Herald:
Scrap the mystery: High-tech vision for Google barge crumbles in a heap

Andy Greenberg / Wired:
Security researchers say USB security is fundamentally broken; hard-to-detect malware in the firmware can take over Macs/PCs, no easy fix

Dan Rayburn / StreamingMediaBlog.com:
Apple's CDN Now Live: Has Paid Deals With ISPs, Massive Capacity In Place

 
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