memeorandum: Economic consequences of recent oil price changes (James Hamilton/Econbrowser)

4:10 AM ET, August 15, 2011

Top Items:

Rick Perry's Ruthless Drive to Win — Rick Perry has called Social Security unconstitutional and presided over the execution of a man who was probably innocent. But as Paul Begala argues, that's just the beginning. — I first met Rick Perry in 1985. He was a Democratic freshman state rep …

Discussion: Taylor Marsh, Firedoglake, Hullabaloo, NO QUARTER, The Reality-Based Community and Pajamas Media

TBogg:

Rick Perry Is Now Sorry He Banned Parental Honor Killings — Godbotherer and probably Notre Dame football fan Joshua Mercer is unleashing a sigh of relief that Texas dick adjuster Rick Perry is apologizing for mandating that all girls in Texas become whores at age eleven or, I don't know, move to Utah and get married or something:

Discussion: Eschaton

The Politico:

In Waterloo, Perry offers contrast to Bachmann — WATERLOO, Iowa — Rick Perry came to Michele Bachmann's home town Sunday evening and schooled the newly minted Iowa front-runner in her native state's demanding retail political culture. — The day after Perry announced his candidacy …

Discussion: New York Magazine and The Note

New York Times:

After Iowa, Republicans Face a New Landscape — WATERLOO, Iowa — The leading Republican presidential candidates scrambled to take command of a new landscape on Sunday after Tim Pawlenty abruptly ended his campaign and a three-way race began taking shape to find a nominee who can emerge as the strongest challenger to President Obama.

Discussion: Washington Post, Taegan Goddard's … and The Caucus

Scott Conroy / Real Clear Politics:
Palin-Bachmann Rancor Heats Up Below the Surface

Discussion: The Brody File, ABCNEWS, Conservatives4Palin, Mediaite, The Politico, Le·gal In·sur·rec· tion, Althouse and Weekly Standard

The Caucus:
Pawlenty Drops Out of Republican Race

Maggie Haberman / The Politico:
Perry makes first campaign outing

Discussion: The Note and CNN

Frank Bruni / New York Times:
Adrift in Iowa: Tired Rituals in Tough Times

Discussion: National Review, Daily Kos and Washington Post

Toby Harnden / blogs.telegraph.co.uk: 10 things to take away from Ames. What Michele Bachmann's win means

Ben Smith / Ben Smith's Blog:
So much for Sam's Club — The departure of Tim Pawlenty …

Discussion: The Daily Dish

Jazz Shaw / Hot Air:
T-Paw dropping out; Update: State GOP chair to ask Pawlenty to run for Senate

Discussion: Power Line, The POH Diaries, Questions and Observations, Ballot Box, Instapundit, The Strata-Sphere, Outside the Beltway and Bloomberg

John Hinderaker / Power Line:
Farewell to Tim Pawlenty

Discussion: Hot Air

Meghashyam Mali / The Hill:
Bachmann says she can win independents in general election

Discussion: CNN, The Politico, The Note, New York Magazine and Washington Monthly

Juana Summers / The Politico:
Former foes praise Tim Pawlenty as he exits

Discussion: CNN and ABCNEWS

Catalina Camia / USA Today:
Tim Pawlenty ends presidential campaign

Discussion: Associated Press, his vorpal sword, NPR, Firedoglake, Towleroad News #gay, Moe_Lane's blog and Conservatives4Palin

Alexander Bolton / The Hill:

Tea Party's heyday may be coming to an end, say political experts — The reign of the Tea Party may be coming to an end in Washington, according to academic political experts who say polls show a backlash against the conservative movement. — Two national polls released this month by CNN …

Discussion: Don Surber, Le·gal In·sur·rec· tion, The Reality-Based Community and The Impolitic

Reuters:

Pakistan gave China access to secret U.S. aircraft involved in bin Laden raid, paper says — ISLAMABAD, Pakistan — Pakistan gave China access to the previously unknown U.S. “stealth” helicopter that crashed during the commando raid that killed Osama bin Laden in May despite explicit requests …

Discussion: The Gateway Pundit

Anna Fifield / Financial Times:

Pakistan lets China see US helicopter — Pakistan allowed Chinese military engineers to photograph and take samples from the top-secret stealth helicopter that US special forces left behind when they killed Osama bin Laden, the Financial Times has learnt. — The action is the latest incident …

Discussion: Via Meadia

Michael A. Memoli / Los Angeles Times:

Gallup: Obama job rating sinks below 40% for first time — President Obama's summer woes have dragged his approval rating to an all-time low, sinking below 40% for the first time in Gallup's daily tracking poll. — New data posted Sunday shows that 39% of Americans approve of Obama's job performance, while 54% disapprove.

Discussion: NewsBusters.org blogs, Weasel Zippers, Outside the Beltway, Michelle Malkin, The POH Diaries, TalkLeft, Scared Monkeys, Conservatives4Palin, Wake up America and HotAirPundit

Sheryl Gay Stolberg / New York Times:

You Want Compromise? Sure You Do — Sheryl Gay Stolberg is a reporter in the Washington bureau of The New York Times. — WASHINGTON — THROUGHOUT the debt-ceiling debacle, poll after poll has shown that Americans want politicians in Washington to compromise.

Discussion: Booman Tribune, The Atlantic Online and Prairie Weather

Ben Smith / Ben Smith's Blog:

Perry running to restore military ‘respect’ for presidency — Rick Perry strayed from a tribute to military service to tell an audience in Waterloo, Iowa, that he's running in part to restore the respect of the military to its civilian leaders. — “One of the reasons that I'm running …

Discussion: Weasel Zippers

John Stevens / Daily Mail:

Bernie Madoff ditched by his wife of 52 years as she seeks reconciliation with son — The wife of Bernard Madoff has severed ties with the disgraced Wall Street financier and not seen him for more than six months, it has been revealed. — Ruth Madoff, who has been married to the convicted fraudster …

Discussion: Alan Colmes' Liberaland and Clusterstock

Peter Hitchens / Daily Mail:

Police water cannon and plastic bullets? After 50 years of the most lavish welfare state on earth? What an abject failure — Bitter laughter is my main response to the events of the past week. You are surprised by what has happened? Why? I have been saying for years that it was coming …

Discussion: Sense of Events, National Review and Guardian

James Hamilton / Econbrowser:

Economic consequences of recent oil price changes — Earlier this year, disruptions in Libya and the resurgence of demand from the emerging economies sent oil prices up sharply, a development that many economists believe contributed to the slow growth for 2011:H1.

Discussion: ParaPundit and Calculated Risk