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12:35 PM ET, July 4, 2010

memeorandum

 Top Items: 
Timothy R. Homan / Bloomberg:
Republican Steele's Afghanistan Remarks Praised by Ron Paul  —  Republican National Committee Chairman Michael Steele, whose remarks suggesting the U.S. will lose the war in Afghanistan have prompted some Republicans to demand his resignation, won praise from Representative Ron Paul.
RELATED:
CNN:
Ron Paul endorses Michael Steele's Afghanistan comments  —  Washington (CNN) - Rep. Ron Paul, R-Texas, is praising Michael Steele for suggesting last week the war in Afghanistan is unwinnable, a statement that prompted some influential GOP voices to call on him to step down as chairman of the Republican National Committee.
Discussion: The Hill and The Politico
Walter Alarkon / The Hill:
Rep. Cole, former NRCC chairman, calls for Steele to step down  —  Rep. Tom Cole, a former chairman of the National Republican Congressional Committee, became the first GOP lawmaker to call on Republican National Committee Chairman Michael Steele to resign because of his comments questioning the Afghanistan war.
David Kocieniewski / New York Times:
Oil Companies Reap Billions From Subsidies  —  When the Deepwater Horizon drilling platform set off the worst oil spill at sea in American history, it was flying the flag of the Marshall Islands.  Registering there allowed the rig's owner to significantly reduce its American taxes.
Myglesias / Matthew Yglesias:
The Trouble With Deflation  —  Daniel Gross says maybe a little deflation wouldn't be so bad: … I have two objections to this.  One is that while three percent growth would be a fine amount of growth for a developed economy under most conditions, a developed economy pulling out of a recession …
Glenn Harlan Reynolds / Washington Examiner:
By: Glenn Harlan Reynolds: SCOTUS ruling shows how far gun rights have come  —  Topping last week's legal stories was the Supreme Court's decision in McDonald v. Chicago, holding that the Second Amendment — which the Supreme Court just two years ago interpreted to protect an individual right to own a gun …
Discussion: Power Line
Jonathan Martin / The Politico:
Dems' message: All about the gaffes  —  The dust-up this week between President Barack Obama and House Minority Leader John Boehner (R-Ohio), ostensibly about Wall Street regulation, revealed more about the two parties' midterm campaign strategies than anything else.
Discussion: CNN
Steven Beschloss / PARADE Magazine:
Can These Men Fix the Deficit?  —  Federal Reserve Chairman Ben Bernanke has said that the federal deficit is on an “unsustainable path.”  Erskine Bowles, former White House chief of staff under President Clinton, and Alan Simpson, former Republican Senate whip, are co-chairs …
Discussion: Eschaton
The Politico:
Dems in a jam as economy slows  —  President Barack Obama and the Democrats head into the summer campaign season with the economy slowing, unemployment flirting with double-digits - and few options for a quick fix.  —  Obama's economic stimulus plan is winding down, right when Democrats need it most.
Discussion: Pat Dollard and Daily Pundit
Dan Metcalf Jr / KTVX-TV:
Utah radio station dumps Sean Hannity … SALT LAKE CITY (ABC 4 News) - KSL Radio announced that they will no longer air Sean Hannity's syndicated national talk show.  —  The last KSL broadcast of the Sean Hannity show will air on October 1, 2010.  —  The announcement comes after speculation …
Dexter Filkins / New York Times:
Petraeus Takes Command of Afghan Mission  —  KABUL, Afghanistan — Gen. David H. Petraeus took command of the troubled Afghan war Sunday, warning of hard days to come but promising to persevere until the government and army here are strong enough to stand on their own.
Discussion: Politics Daily and The Page
Washington Post:
A better welcome for our nation's immigrants  —  On our national birthday, and amid an angry debate about immigration, Americans should reflect on the lessons of our shared immigrant past.  We must recall that the challenges facing our nation today were felt as far back as the Founders' time.
 
 
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 More Items: 
Timothy P. Carney / Beltway Confidential:
Republicans on energy: More pro-business than pro-market
Discussion: Riehl World View
Roberta Rampton / Reuters:
U.S. spill panel to hold public meeting July 12-13
The Politico:
NRA on firing line over Reid
Discussion: Daily Kos
 Earlier Items: 
John Nolte / Big Hollywood:
‘South of the Border’ Confirms Oliver Stone Is a Right-Wing Plant
Discussion: Mediaite
Myglesias / Matthew Yglesias:
Impossible Immigration Swap
The Fix:
West Va. Secretary of State pushes for Senate special election change
Discussion: SENATUS