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4:35 PM ET, January 22, 2008

memeorandum

 Top Items: 
Marc Ambinder:
Thompson Decides To Drop Out  —  Ex-Sen. Fred Thompson has told several Republicans that he has decided to drop out of the presidential race and will make public his intentions by close of business.  —  Thompson does not plan to endorse any rivals for now, even though one of his best friends is Sen. John McCain.
RELATED:
Associated Press:
Fred Thompson Quits Presidential Race  —  NAPLES, Fla. (AP) - Former Tennessee Sen. Fred Thompson quit the Republican presidential race on Tuesday, after a string of poor finishes in early primary and caucus states.  —  “Today, I have withdrawn my candidacy for president of the United States.
The Campaign Spot:
Fred Out of Thursday's Debate; Doesn't Plan on Endorsing  —  I spoke to one of my Thompson sources.  —  He's still with his ailing mother.  “He's just being a good son."  —  He has not spoken to any other campaign or any other candidates, nor does he intend to at this time.
Fred Thompson / You Decide 08!:
THOMPSON DROPS OUT OF PRESIDENTIAL RACE  —  Fred Thompson dropped his presidential bid Tuesday, after the former Tennessee senator and actor finished third in the South Carolina primary and was unable to score a victory in any of the early primaries or caucuses.
Satyam / Think Progress:
Thompson drops out.  —  Fox News reports that former Tennesee senator Fred Thompson is dropping out of the Republican race for President.  Via Fox reporter Carl Cameron:
The Smoking Gun:
Hey Kids, Shoot Your Favorite Candidate!  —  Clinton, Obama pace gunners in “Presidential Paintball” online game  —  For the aspiring young assassin, a popular online games site offers kids the opportunity to assume the identity of a leading presidential contender and then shoot …
Discussion: Pat Dollard and Hot Air
New York Times:
Fred Thompson Drops Out of the Presidential Race
Discussion: BuzzFlash.org
Bill Sammon / Examiner:
Fred Thompson quits; may position himself for VP bid
Discussion: The Campaign Spot, Wizbang and Time
The Politico:
Fred Thompson quits GOP race
Greg Sargent / TPM Election Central:
It's Official: Fred Thompson Drops Out
Deacon / Power Line:
FRED THOMPSON WITHDRAWS
Discussion: TownHall Blog
CNN:
Thompson abandons White House bid
Discussion: Group News Blog and Reuters
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.
RELATED:
The State:
Obama most likely Democrat to unify America  —  THE DEMOCRATIC PRIMARY in South Carolina this year offers voters an unusual choice.  Earlier votes have winnowed out the most experienced candidates, leaving a field with fewer accomplishments and differences on policy, but including two candidates …
Discussion: Boston Globe
CNN:
Bill Schneider's take on last night's Democratic debate:  —  MYRTLE BEACH, South Carolina (CNN) — It's obvious who the Democrats think will win the Republican nomination: They're all talking about who will run strongest against John McCain.  —  This is new — and it's likely the result of his South Carolina win on Saturday.
Discussion: The Swamp and The Trail
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.
RELATED:
Eugene Robinson / Washington Post:
What's Gotten Into Bill?  —  Six months ago, Bill Clinton seemed to be settling comfortably into roles befitting a silver-maned former president: statesman, philanthropist, philosopher-king.  Now he has put all that high-mindedness on hold — maybe it was never such a great fit, after all …
RELATED:
Michelle Malkin:
Mystery in Brooklyn: Bomb factory at Columbia University professor's home  —  The NY Daily News reports today on a disturbing discovery at a Columbia University instructor's home: … Clatts cannot be located.  Who is he? … The NYTimes reports on a bizarre twist in the case …
Discussion: New York Times and Pat Dollard
RELATED:
NY Daily News:
Bomb terror probe
Discussion: Pat Dollard
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:
Fareed Zakaria / Newsweek:
We're Fighting the Wrong War
Discussion: Weekly Standard and The Daily Dish
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.
The Prowler / American Spectator:
Huckabee Broke  —  Less than a month after a huge upset victory, and promises that fundraising would be ramped up, former Arkansas Gov. Mike Huckabee is asking his senior staff to keep working for him without pay, while lower level campaign staff are seeing their salaries cut dramatically or eliminated altogether.
Donald Luskin / National Review:
The Paulonomics Factor  —  Republican presidential hopeful Ron Paul sounds radical when he advocates the elimination of the individual income tax, a return to a gold standard, the wholesale downsizing of the federal government, and the abolition of the Internal Revenue Service and the Federal Reserve.
RELATED:
You Decide 08!:
PAUL BLAMES FEDERAL RESERVE FOR WEAK ECONOMY
Discussion: The Campaign Spot
Fred Barnes / Wall Street Journal:
Now McCain Must Convince The Right  —  John McCain has a problem.  After winning South Carolina's primary last Saturday, he should be the overwhelming favorite to capture the Republican presidential nomination.  He's not, at least not yet, and the reason is that he's alienated so many conservatives over the past eight years.
 
 
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 More Items: 
Byron York / National Review:
Why Republicans Fear Obama
Discussion: Donklephant and The Plank
Paul Kiel / TPMmuckraker:
Hillary Hater is DIY Robo Caller?
Kevin Drum / Washington Monthly:
OBAMA vs. CLINTON....AGAIN....It's possible — likely, even …
Mesh / Harvard:
Memo from Gulfistan
Wall Street Journal:
Tough Calls, Good Calls
 Earlier Items: 
RushLimbaugh.com:
Why Should We Shut Up?  —  BEGIN TRANSCRIPT  —  RUSH …
Gateway Pundit:
Miss Utah “GI Jill” Stevens Needs Your Help
Manu Raju / The Hill:
Attorneys probe deepens