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10:05 AM ET, July 17, 2011

memeorandum

 Top Items: 
David Leonhardt / New York Times:
We're Spent  —  THERE is no shortage of explanations for the economy's maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big.  The stimulus was flawed.  China is overtaking us.  Businesses are overregulated.  Wall Street is underregulated.
Reid Wilson / NationalJournal.com:
Congressional GOP Leaders Slowly Convincing Newer Members of Importance of Raising Debt Ceiling  —  Boehner: He would have to bring newer members of his caucus along for a deal to be struck.  —  Sometimes your closest allies can become your biggest headaches.
RELATED:
Alec MacGillis / Washington Post:
Top lawmakers target ‘grand bargain’ for debt plan  —  Even as President Obama and congressional leaders focus on a fallback plan to lift the nation's debt ceiling, top Democrats and Republicans have begun to map a new way to craft the same sort of ambitious deficit-cutting plan they abandoned last week.
Robert Pear / New York Times:
G.O.P. Freshmen Say Debt Concerns Them More Than Re-election  —  WASHINGTON — For years, legislation to raise the federal debt limit offered plenty of political theater on Capitol Hill, with the party out of power using it to rail against the party in power.
Discussion: The Hill and CNN
Vikram Dodd / Guardian:
Rebekah Brooks arrested over phone-hacking allegations  —  Met police say 43-year-old woman, believed to be Rebekah Brooks, was arrested by appointment at a London police station  —  Rebekah Brooks has been arrested by police investigating allegations of phone hacking by the News of the World …
RELATED:
Don Van Natta Jr / New York Times:
Stain From Tabloids Rubs Off on a Cozy Scotland Yard  —  LONDON — For nearly four years they lay piled in a Scotland Yard evidence room, six overstuffed plastic bags gathering dust and little else.  —  Inside was a treasure-trove of evidence: 11,000 pages of handwritten notes listing nearly …
Directorblue / Doug Ross:
S&P Raises State of Ohio's Credit Rating; Cites GOP Governor Kasich's Whining About His Predecessor and His Budget, But Mostly His Budget  —  By electing a fiscal conservative, Ohio is moving in the right direction when it comes to economic vibrancy. … Unlike President Obama …
myfoxny.com:
Woman Gropes TSA Agent's Breast at Security Checkpoint  —  PHOENIX - We hear a lot of complaints about security screeners groping airline passengers.  —  But now, a Colorado woman is accused of putting her hands on a TSA agent at Sky Harbor International Airport in Phoenix.
Discussion: Don Surber, Mediaite and Scared Monkeys
Nicholas Confessore / New York Times:
New Stable of Wealthy Donors Fueled Obama Campaign's Record Fund-Raising Quarter  —  President Obama recruited roughly 150 new elite donors, raising as much as a half a million dollars each, to help propel him to a large and early lead over his Republican opponents in the race for campaign cash …
Mark Steyn / Orange County Register:
No bargaining with Barack Obluffer  —  There is something surreal and unnerving about the so-called “debt ceiling” negotiations staggering on in Washington.  In the real world, negotiations on an increase in one's debt limit are conducted between the borrower and the lender.
James Pethokoukis:
Panic at the White House?  Gloomy Goldman Sachs sees high unemployment, possible recession  —  Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama's chances for reelection (bold is mine): … Alarms bells must be ringing all over Obamaland today.
RELATED:
David Ignatius / Washington Post:
Obama's communications gap  —  A prominent Bush administration official was talking privately about Barack Obama last week: He's probably going to win in 2012, this Republican said.  He deserves credit for “going big” in the budget talks and capturing the center of the debate.
Discussion: Don Surber and Bloomberg
RELATED:
Alexander Bolton / The Hill:
GOP leaders ignore Obama's deadline
Discussion: The Political Carnival and CNN
Tom Ricks / Foreign Policy:
Was John F. Kennedy the flat-out absolute worst U.S. president of the 20th century?  —  As I studied the Vietnam war over the last 14 months, I began to think that John F. Kennedy probably was the worst American president of the previous century.  —  In retrospect, he spent his 35 months …
Barak Ravid / Haaretz:
Palestinians may give up on bid for full UN membership to avoid U.S. veto, sources say  —  Palestinian sources and European diplomats say Palestinians will seek recognition by the General Assembly instead of Security Council.  —  Wishing to avoid an American veto at the Security Council …
Discussion: Weasel Zippers and Israel Matzav
 
 
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 More Items: 
CNN:
Obama-Dalai Lama meeting angers China
The White House:
WEEKLY ADDRESS: A Unique Opportunity to Secure our Fiscal Future
Discussion: Weasel Zippers
David Segal / New York Times:
Law School Economics: Ka-Ching!
Tim Cavanaugh / Hit & Run:
Carmageddon Shaping Up as Big Nothing
Discussion: Hot Air, Power Line and L.A. NOW
 Earlier Items: 
Larry Flynt / Washington Post:
Rupert Murdoch went too far
The Huffington Post:
Elizabeth Warren: Government Hasn't Sufficiently Probed Foreclosure Abuses (VIDEO)
Discussion: Firedoglake