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10:20 AM ET, January 22, 2008

memeorandum

 Top Items: 
The Politico:
The Clinton-Obama exchange  —  CNN is providing transcript, and the full transcript of their first exchange is after the jump.  —  It began with this line from Obama, on his taxing and spending plans: “What she said wasn't true."  —  MODERATOR: She says that the new programs that she proposes she essentially
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Adam Nagourney / New York Times:
Remarks on Reagan Live On  —  In one of their starkest differences in Monday's debate, Senator Hillary Rodham Clinton said that Senator Barack Obama had talked about “admiring Ronald Reagan” and that Mr. Obama “said in the last week that he really liked the ideas of the Republicans over the last 10 …
Ben Smith / The Politico:
Clinton plan: Let Bill lash out  —  So maybe Bill Clinton isn't quite so far off-message as we had assumed.  —  After two weeks of reports on the former president's temper, the former first lady's supposed inability to keep him on script, and the ostensibly dire impact on his legacy …
Patrick Healy / New York Times:
In S. Carolina, It's Obama vs. Clinton. That's Bill Clinton.
Discussion: Daniel W. Drezner and MSNBC
CNN:
Analysis: Sparks fly in heated debate
Discussion: FRAMESHOP
CNN:
Part 2 of CNN Democratic presidential debate
Discussion: TalkLeft and Pajamas Media
Walter Shapiro / Salon:
The knives come out in South Carolina
Discussion: Prairie Weather
Matthew Mosk / Washington Post:
Candidates Face Big Primaries With Smaller War Chests
Discussion: MSNBC
Eugene Robinson / Washington Post:
What's Gotten Into Bill?
Discussion: Publius Pundit
New York Times:
Obama and Clinton Tangle at Debate
David Brooks / New York Times:
The Voters Revolt  —  The Reagan administration had its pragmatists and its so-called ideologues.  It had James Baker as well as Ed Meese.  Reagan carried moderate states like Connecticut, Wisconsin and Washington, as well as conservative ones like Wyoming and South Carolina.
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E. J. Dionne Jr / Washington Post:
Crunch Time for McCain  —  John McCain is feared by Democrats and liked by independents.  That, paradoxically, is why he may yet be rejected by Republicans, even though he has bent over backward to satisfy conservative demands.  —  McCain exorcised the ghosts of South Carolina on Saturday …
Charles Babington / Associated Press:
Huckabee trims costs, press travel
Marc Caputo / MiamiHerald.com:
Huckabee skimps on Fla. for Georgia
Discussion: The Caucus and Naked Politics
New York Times:
Fed Makes Emergency 0.75% Rate Cut  —  The Federal Reserve, responding to an international stock sell-off and the likelihood of a sharp drop in America on Tuesday morning, cut its benchmark interest rate by three-quarters of a percentage point.  —  The Federal Open Market Committee lowered …
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Martin Crutsinger / Associated Press:
Fed cuts interest rate  —  WASHINGTON - The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.
Larry Kudlow / The Corner:
Take Charge, Central Bankers  —  There's a global stock market tsunami gathering force.  It may hit U.S. shores very hard this morning.  —  Much of this is panic over a U.S. recession threat that has yet to clearly materialize.  The world sell-off also vastly overestimates loan …
Matthew Yglesias:
Someone Didn't Get The Word  —  Fareed Zakaria: … Ah, those sad, sad, Democrats.  So unaware that the war's over.  The dude who killed at least fourteen and wounded seventeen in Tikrit must, like the Democrats, have been wearing partisan blinders when he failed to acknowledge the surge's success in bringing the war to an end.
RELATED:
Stephen Farrell / New York Times:
Hopes for Vehicle Questioned After Iraq Blast  —  ARAB JABOUR, Iraq — From the blast and the high, thin plume of white smoke above the tree line, it looked and sounded like any other attack.  The bare details were, sadly, routine enough: a gunner was killed and three crew members …
Ian Traynor / Guardian:
Pre-emptive nuclear strike ‘an option’  —  The west must be ready to resort to a pre-emptive nuclear attack to try to halt the “imminent” spread of nuclear and other weapons of mass destruction, according to a radical manifesto for a new Nato by five of the west's most senior military officers and strategists.
Manu Raju / The Hill:
Attorneys probe deepens  —  The federal investigation into the firing of nine U.S. attorneys could jolt the political landscape ahead of the November elections, according to several people close to the inquiry.  —  Washington's attention has been diverted from the scandal since …
Board of Governors of the Federal Reserve System:
For immediate release  —  The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent.  —  The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth.
John Edwards / CNN:
Clinton, Edwards hold private post-debate meeting  —  MYRTLE BEACH, South Carolina (CNN) — What were they talking about?  —  Hillary Clinton and John Edwards met privately backstage following a very contentious Democratic presidential debate in this coastal city, sources with both campaigns confirm to CNN.
Josh Marshall / Talking Points Memo:
CONCLUDING THOUGHTS  —  It's hard for me to think of much good from this debate.  If you view debates like a boxing match, I guess it was lively and perhaps entertaining, in the sense that a good boxing match can be, though the fighting was more intense than well executed.
 
 
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 More Items: 
John R. Emshwiller / Wall Street Journal:
Bill Clinton May Get Payout of $20 Million
Matthew Continetti / Campaign Stops:
Bill Clinton's Strategic Emotion
Discussion: Don Surber
Rob / Say Anything:
Rush Limbaugh Says He May Not Support The Republican Nominee
Hindrocket / Power Line:
A RELATIVELY SCIENTIFIC EXPERIMENT
New York Times:
Romney Waxes Lyrical at a Holiday Parade in Florida
Fox News:
Iran Warns Netherlands Not to Air Controversial ‘Anti-Muslim’ Film
Al Giordano / The Field:
Nevada: What Really Happened at the At-Large Caucuses?
Discussion: MyDD and James Wolcott's Blog
 Earlier Items: 
Bob / BobKrumm.com:
What might have been . . . and what was  —  SEE BELOW UPDATE …
Discussion: Riehl World View
Jason Horowitz / New York Observer:
Wolfson: ‘The Agreement Is Off’
New York Times:
The Democratic Debate in South Carolina
Ben Smith / The Politico:
Some fact-checking: GOP ideas, Rezko, boons
New York Times:
In Matters Big and Small, Crossing Giuliani Had Price
CNN:
CNN readers respond angrily to ‘race or gender’ story