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9:40 PM ET, July 15, 2010

memeorandum

 Top Items: 
The Politico:
Why President Obama loses by winning  —  The imminent passage of financial reform, just a couple months after the passage of comprehensive health care, should decisively end the narrative that President Obama represents a Jimmy Carter-style case of naïve hope crushed by the inability to master Washington.
RELATED:
Greg Sargent / The Plum Line:
Politico's theory: Liberal bloggers don't care if Dems sustain large losses this fall  —  I'm probably a sucker for biting on this attack on the liberal blogosphere from Poiltico top-dog editors John Harris and Jim VandeHei, but this is so divorced from reality that it really shouldn't go unanswered:
Jia Lynn Yang / Washington Post:
Companies pile up cash but remain hesitant to add jobs  —  Corporate America is hoarding a massive pile of cash.  It just doesn't want to spend it hiring anyone.  —  Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession.
Jordan Fabian / The Hill:
DNC circulates memo on Capitol Hill plugging Dem advantage in elections
Discussion: Weasel Zippers
New York Times:
Congress Passes Financial Oversight Reform  —  WASHINGTON — The sweeping expansion of federal financial regulation approved by Congress on Thursday and now headed to President Obama's desk reflects a renewed mistrust of financial markets after decades in which Washington stood back from Wall Street with wide-eyed admiration.
RELATED:
Brian Beutler / TPMDC:
Boehner: Wall Street Reform Should Be Repealed  —  They're not campaigning on it in earnest — at least not yet — but Republican leaders say that, given the power, they would like to do away with Wall Street reform much like they have already discussed repealing health care reform.
Wall Street Journal:
Law Remakes U.S. Financial Landscape  —  Senate Passes Overhaul That Will Touch Most Americans; Bankers Gird for Fight Over Fine Print  —  Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Sen. Christopher Dodd smile during a news conference on Capitol Hill.
Sen. Ted Kaufman / The Huffington Post:
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
Discussion: Daily Kos and CNN
Silla Brush / The Hill:
Senate passes Wall St. reform
Steve Benen / Washington Monthly:
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
Discussion: TPMDC
Washington Post:
Oil leak stopped for first time since April  —  BP said Thursday that it has stopped oil from leaking out of its blown-out well in the Gulf of Mexico.  The gusher has been throttled for the first time since the April 20 blowout on the drilling rig Deepwater Horizon.
RELATED:
ABCNEWS:
Stopped: In Test of Cap, Oil Stops Flowing for First Time in 87 Days
CBS News:
BP: No New Oil Flowing into Gulf of Mexico
Discussion: ABCNEWS, Hot Air and Associated Press
RELATED:
DealBook:
Goldman Settles With S.E.C. for $550 Million  —  Updated Updated with confirmation of The New York Times's report about Goldman's $550 million settlement.  —  Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm …
RELATED:
U.S. Securities and Exchange Commission:
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges Related to Subprime Mortgage CDO  —  Firm Acknowledges CDO Marketing Materials Were Incomplete and Should Have Revealed Paulson's Role  —  FOR IMMEDIATE RELEASE  —  2010-123  —  Washington, D.C., July 15, 2010 …
Tom Jensen / Public Policy Polling:
Pretty Bad 2012 numbers for Obama  —  With his approval numbers hitting new lows it's no surprise that Barack Obama's numbers in our monthly look ahead to the 2012 Presidential race are their worst ever this month.  He trails Mitt Romney 46-43, Mike Huckabee 47-45, Newt Gingrich 46-45, and is even tied with Sarah Palin at 46.
RELATED:
Ed Morrissey / Hot Air:
PPP: Obama, Palin tied 46/46 in 2012 polling
Discussion: Weasel Zippers
Patrick Gavin / The Politico:
CARLSON LAUNCHES OLBERMANN SITE  —  You may (or may not) have noticed that there's been a bit of a feud taking place between MSNBC's Keith Olbermann and the Daily Caller, the website run by (former MSNBC'r) Tucker Carlson.  —  The Caller — via its Twitter account, especially …
Discussion: Salon and National Review
RELATED:
Bbtv / Breitbart.tv:
Breitbart to NAACP Chief: ‘Go to Hell!’  —  “Let me say something a tad newsworthy to the president of the NAACP.  You can go to hell. ...  I have tapes...tape of racism and it's an NAACP dinner.  You want to play with fire?  I have evidence of racism and it's coming from the NAACP.”
Discussion: Say Anything
Alexander Bolton / The Hill:
Byrd's successor to take oath Tuesday  —  The Senate will swear in the successor to the late Sen. Robert Byrd (D-W.Va.) at 2:15 pm next Tuesday, even though the identity of the new senator remains unknown.  —  Senate Majority Leader Harry Reid (D-Nev.) told colleagues Thursday that Democrats …
Discussion: The Swamp, The Note and Ballot Box
RELATED:
Reid Wilson / Hotline On Call:
Reid Will Push Wounded DISCLOSE Act
Discussion: Beltway Confidential and Hot Air
David W. Dunlap / City Room:
18th-Century Ship Found at Trade Center Site  —  In the middle of tomorrow, a great ribbed ghost has emerged from a distant yesterday.  —  On Tuesday morning, workers excavating the site of the underground vehicle security center for the future World Trade Center hit a row of sturdy …
Confederate Yankee:
Think Progress Caught Using Liberal-Manufactured Signs From “Crash the Tea Party” as Evidence of Tea Party Racism  —  Do you remember the abortive “Crash the Tea Party” movement?  It was the brainchild of a liberal that explicitly called for progressives to commit fraud in order to attempt to discredit the Tea Party protests.
RELATED:
Karl Rove / Wall Street Journal:
My Biggest Mistake in the White House  —  Failing to refute charges that Bush lied us into war has hurt our country.  —  Seven years ago today, in a speech on the Iraq war, Sen. Ted Kennedy fired the first shot in an all-out assault on President George W. Bush's integrity.
Wall Street Journal:
Three Million Imaginary Jobs  —  The White House says the stimulus worked beyond even its hopes.  Seriously.  —  It may be that the last people in America who believe that the $862 billion economic stimulus of February 2009 created millions of net new jobs are Vice President Joe Biden and the staff economists in the White House.
New York Times:
The Google Algorithm  —  Google handles nearly two-thirds of Internet search queries worldwide.  Analysts reckon that most Web sites rely on the search engine for half of their traffic.  When Google engineers tweak its supersecret algorithm — as they do hundreds of times a year …
Jim Hoft / Gateway Pundit:
Dem Rep Sheila Jackson Lee Tells NAACP: “All Those Who Wore Sheets a Long Time Ago Lifted Them Off to Wear Tea Party Clothing” (Applause!)  —  Representative Sheila Jackson Lee (D-TX) told the NAACP this week that those who wore sheets lifted them off and are now wearing tea party clothing.
John Hooper / Guardian:
Vatican: female ordination a crime  —  Revised Catholic rules put female ordination in same category of crime under church law as clerical sex abuse of minors  —  The Vatican today made the “attempted ordination” of women one of the gravest crimes under church law, putting it in the same category …
Discussion: Jezebel, Shakesville and Politics Daily
John F. Burns / New York Times:
BP Faces Scrutiny in Lockerbie Case  —  LONDON — The oil giant BP faced a new furor on Thursday as it confirmed that it had lobbied the British government to conclude a prisoner-transfer agreement that the Libyan government wanted to secure the release of the only person ever convicted …
KDVR:
GOP abandoning McInnis; candidate vows to fight on  —  KDVR Denver  —  DENVER - Republican gubernatorial candidate Scott McInnis on Thursday denied reports that he plans to drop out of the race amid allegations of plagiarism.  —  “I am in it to win it.  We will continue to fight …
 
 
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 More Items: 
Michael O'Brien / The Hill:
Scott Brown slams Kathy Griffin for calling daughters ‘prostitutes’
Susan Davis / Washington Wire:
GOP Has Money Momentum in Open Senate Races
Discussion: Beltway Confidential
Howard Berkes / NPR:
Massey Mine Workers Disabled Safety Monitor
Discussion: Firedoglake, Coal Tattoo and Wonk Room
Myglesias / Matthew Yglesias:
The Underrated FinReg Bill
Peter Hamby / CNN:
Surprise player in Iowa GOP primary revealed
Discussion: Des Moines Register and Ballot Box
Hasbanullh Khan / Agence France Presse:
US missiles kill 10 militants in Pakistan: officials
Rasmussen Reports:
Election 2010: Wisconsin Senate
Jordan Fabian / The Hill:
Sessions continues to leave open possibility of Kagan filibuster
Discussion: Daily Kos
 Earlier Items: 
Beth Reinhard / Naked Politics:
Jeff Greene raises $3,036, spends $5.8 million
Dean Baker / TPMCafe:
Erskine Bowles and the Price of Ignorance: $335,000 a Year
Discussion: American Power
Krissah Thompson / Washington Post:
2008 voter-intimidation case against New Black Panthers a political bombshell