memeorandum: HOW WOULD HE PRONOUNCE “CASSIOPEIA”? (John/Power Line)

5:15 AM ET, March 24, 2009

Top Items:

U.S. Seeks Expanded Power to Seize Firms — Goal Is to Limit Risk to Broader Economy — The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers …

Discussion: Talking Points Memo, naked capitalism, Angry Bear and MoJo Blog Posts

Monica Langley / Wall Street Journal:

Obama Dials Down Wall Street Criticism — WASHINGTON — The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan. — In recent days, in spite of public furor over huge bonuses paid …

Discussion: Gawker

Josh Marshall / Talking Points Memo:

MUST READ — There's an eye-opening, perhaps eye-popping, article in tomorrow's Journal ("Obama Dials Down Wall Street Criticism"), the gist of which is that over the last three months Obama and his team have learned that they've got to start respecting Wall Street and the big banks if they want to get anything done.

Discussion: Washington Monthly and Riehl World View

The Politico:
Reviews are in: Geithner clears the bar

Discussion: Hullabaloo, Reuters, Associated Press and The Daily Dish

Jackie Calmes / New York Times:
Rescue Plan, With Some Fine Print, Dazzles Wall Street

Discussion: The New Republic and Gawker

John / Power Line:

HOW WOULD HE PRONOUNCE “CASSIOPEIA”? — Everyone knows that Barack Obama is lost without his teleprompter, but his latest blunder, courtesy of the Milwaukee Journal Sentinel, via the Corner, suggests that the teleprompter may not be enough unless it includes phonetic spellings.

Discussion: JustOneMinute, The Anonymous Liberal, TigerHawk and Bark Bark Woof Woof

JSOnline:
Plugged In — At home, at work or on the road, energy writer …

Discussion: The White House, The Corner, The Sundries Shack and TPMDC

The Huffington Post:

Michele Bachmann: I Want People “Armed And Dangerous” Over Obama Tax Plan — Controversial Rep. Michele Bachmann (R-Minn.) said this weekend that she wants residents of her state “armed and dangerous” over President Barack Obama's plan to reduce global warming “because we need to fight back.”

Discussion: Buck Naked Politics, Firedoglake, Wonkette, Dump Michele Bachmann and PoliticalBase.com Blog

Glenn Thrush / The Politico:
Bachmann urges ‘armed’ climate revolt

Discussion: Dump Michele Bachmann

Eric Ostermeier / Smart Politics:
Michele Bachmann on D.C.: “I'm a Foreign Correspondent On Enemy Lines”

Discussion: TPMDC, American Power, Dump Michele Bachmann, First Draft, Washington Monthly and The Lonely Conservative

Ali Frick / Think Progress:
Bachmann: ‘I Want People...Armed And Dangerous On This Issue’ Of Cap And Trade

Discussion: DownWithTyranny!

Joe Dwinell / Boston Herald:

Poll of change: Obama's job approval slipping to ‘50-50’ — + Recent Articles + Recent Blog Entries + Email + Bio — The honeymoon is over, a national poll will signal tomorrow as President Obama's job approval stumbles to about 50 percent over the lack of improvement with the crippled economy.

Discussion: Atlas Shrugs

Jules Crittenden:

50-50 — Zogby poll due out in the morning will be reporting the Obama admin's latest grim milestone. As many people don't like him as do. Boston Herald: … Maybe, but the vast presidential gaffe repository Obama is amassing can't be helping. The guy's only been in 60-odd days and he's tripped more than Ford.

Discussion: Power Line and Oliver Willis

Jeff G. / protein wisdom:
“A Good Man is Hard to Find,” 2

Discussion: Moe Lane

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 …

Discussion: Jack & Jill Politics, No More Mister Nice Blog, MoJo Blog Posts and Oliver Willis

David Rogers / The Politico:
Bailout reserve casualty of deficit war

Discussion: Reuters, Associated Press and The Politico

The Politico:
Groups push reconciliation option

Discussion: Associated Press

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.

Discussion: Wall Street Journal, The Other McCain, CNBC, CNNMoney.com, DISSENTING JUSTICE, A Blog For All, Riehl World View and Weekly Standard

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 …

Discussion: Washington Post, Wall Street Journal, New York Times, The Moderate Voice, naked capitalism, Newshoggers.com, FP Passport, NO QUARTER, Below The Beltway, Gateway Pundit, Blue Crab Boulevard and LewRockwell.com Blog

Phil Davis / Financial Times:
Ron Paul: Believer in small government predicts 15-year depression

Discussion: ParaPundit and Don Surber

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, Raw Story and five feet of fury

canada.com:
Fox host apologizes for mocking Canadian military

Discussion: VetVoice and BLACKFIVE

Jessica Leeder / Globe and Mail:
Fox News host apologizes to Canada - sort of

Discussion: Balloon Juice

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: JustOneMinute, Los Angeles Times, New York Post, Gawker, Salon, TPMMuckraker, The New Republic, Liberal Values, Hot Air, Gothamist and Wonkette

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.

Discussion: TPMDC, Greg Mankiw's Blog, Clusterstock, Firedoglake, Angry Bear, Calculated Risk, JustOneMinute, DealBook, Economist's View, CNNMoney.com, D-Day and Jack & Jill Politics

Myglesias / Matthew Yglesias:
Inviting the Public to Play

Discussion: MoJo Blog Posts, The New Republic, The Washington Note and The Baseline Scenario

Amanda Terkel / Think Progress:

O'Reilly Attacks Me As A ‘Villain’ For Highlighting His Rape Comments — As promised, tonight, Fox News host Bill O'Reilly aired his segment alleging that ThinkProgress caused “pain and suffering” to rape victims. Our unspeakable offense was contained in a March 1 blog post …

Discussion: Media Matters for America, Multi Medium, Pam's House Blend, Jesus' General, Crooks and Liars and ATTACKERMAN

Chris Kelly / The Huffington Post:

Townhall: Michelle Obama is a Bitch, Get It? — Burt Perlutsky was a TV writer a long time ago. Then he aged out of it and became a crank. This wasn't one of those major loses like Steinbeck. Now he writes a column for Townhall.com, the popular website owned by a Christian radio network.

Discussion: Comments from Left Field

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.

Discussion: Change.org's Blog Network, DownWithTyranny!, The Daily Politics, MyDD and Shakesville

McClatchy Washington Bureau:

Congress isn't feeling much heat from Obama's ‘army’ — WASHINGTON — President Barack Obama's army of canvassers fanned out across the nation over the weekend to drum up support for his $3.55 trillion budget, but they had no noticeable impact on members of Congress, who on Monday said they were largely unaware of the effort.

Discussion: Don Surber

Jeff Zeleny / The Caucus:

It's Never Too Soon to Think About 2012 — President Obama has been in the White House for only two months and three days, but his strategists at the Democratic National Committee are already looking ahead to 2012. — Gov. Tim Kaine of Virginia, the chairman of the D.N.C. …

Discussion: The Politico

Molly K. Hooper / The Hill:

Go back into hiding, GOP begs Dick Cheney — Congressional Republicans are telling Dick Cheney to go back to his undisclosed location and leave them alone to rebuild the Republican Party without his input. — Displeased with the former vice-president's recent media appearances …