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10:40 PM ET, September 16, 2008


 Top Items: 
New York Times:
Fed to Loan A.I.G. $85 Billion in Rescue  —  By MICHAEL J. de la MERCED and ERIC DASH  —  Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government an ownership stake in troubled insurance giant American International Group.
Wall Street Journal:
U.S. Plans Rescue of AIG to Halt Crisis; Central Banks Inject Cash as Credit Dries Up  —  $85 Billion Loan for Giant Insurer Aimed at Averting Collapse;  —  Historic Move Would Cap 10 Days That Reshaped U.S. Finance;  —  Fed Says AIG Will Sell Businesses in Orderly Manner
Fed to Offer Bridge Loan to A.I.G. and Take Control of Firm  —  Updated: The Federal Reserve plans to offer an $85 billion bridge loan to the American International Group in return for control of the ailing insurance giant, people briefed on the matter said Tuesday night.
Bill Bradley / Pajamas Media:
Schwarzenegger Will Announce First-Ever Budget Veto, Obama-McCain Tussle On Financial Crisis, And More  —  As expected, Barack Obama pounces on John McCain's Black Monday comments on the strength of the American economy in this new TV ad.  —  ** FEDERAL GOVERNMENT BAILS OUT …
Megan McArdle:   Hindsight regulation … But I don't blame it on Clinton.
Edmund L. Andrews / New York Times:   Fed Leaves Key Rate Steady as It Worries About Growth
Jonathan Martin / The Politico:
Holtz-Eakin: McCain helped create BlackBerry  —  Asked what work John McCain did as Chairman of the Senate Commerce Committee that helped him understand the financial markets, the candidate's top economic adviser wielded visual evidence: his BlackBerry.  —  “He did this,” Douglas Holtz-Eakin …
Amanda / Think Progress:
Former FCC Chairman Blasts Claim That McCain Invented The Blackberry: He Is ‘So Out Of Touch’  —  Speaking to reporters today, McCain campaign adviser Douglas Holtz-Eakin claimed that Sen. John McCain (R-AZ) is responsible for the “miracle” of PDAs.  Waving around his Blackberry, Holtz-Eakin said:
Michael D. Shear / Washington Post:
McCain Seeks to Recast Commerce Committee Duties
Ed Morrissey / Hot Air:
Palin fires back in Troopergate, releases memos showing insubordination  —  Sarah Palin issued a response to the Troopergate investigation yesterday by releasing internal memoranda that show Walt Monegan got fired for insubordination on budget matters and not because of his refusal to fire Palin's former brother-in-law.
Rhonda Schwartz / ABCNEWS:   Tanning Bed to Troopergate: Palin Aides Kept Scrambling
David Hanners /
GOP delegate's hotel tryst goes bad when he wakes up with $120,000 missing  —  He met her in the bar of the swank hotel and invited her to his room.  Once there, the woman fixed the drinks and told him to get undressed.  —  And that, the delegate to the Republican National Convention told police, was the last thing he remembered.
Ezra Klein / American Prospect:
MCCAIN, SOCIAL SECURITY PRIVATIZATION, AND THE FINANCIAL CRISIS.  —  I sort of buried this in a previous post, but it's worth drawing out.  Today, John McCain said, “Wall Street has betrayed us.  They've broken the social contract between capitalism and the average citizen and the worker.
John Cole / Balloon Juice:
Obama's Economic Message
Discussion: Political Punch
Ben Smith / The Politico:
GOP group behind negative Obama poll  —  A Republican group is taking responsibility for a poll that has roiled the Jewish community by asking sharply negative questions about Senator Barack Obama.  —  The Republican Jewish Coalition, which is launching a campaign against Obama on behalf …
Count the Lies  —  John McCain may be trying to sell himself as a “maverick” and a “straight talker” who will tell the truth no matter the consequences, but independent, non-partisan watchdog groups aren't buying it.  But, since he wrapped up his party's nomination, John McCain has offered more of the same false attacks and smears.
Discussion: The Huffington Post
The Huffington Post:
Fiorina: Palin Doesn't Have Experience To Run A Major Company  —  Carly Fiorina, a key surrogate for John McCain on economic issues, said on Tuesday that Sarah Palin does not have the experience needed to run a major company like the one that Fiorina formerly headed.
John Bresnahan / The Politico:
Cash-poor Obama says no to Reid  —  Earlier this month, Senate Majority Leader Harry Reid made a personal appeal to Barack Obama: Help me grow the Democrats' Senate majority by sharing some of the $77 million you've got in the bank.  —  Obama's campaign said no.
Tahman Bradley / Political Punch:
Obama Inflates Role in Creation of Stimulus Package
Discussion: Macsmind and Hot Air
New York Times:
Top Pentagon Official in Surprise Visit to Pakistan  —  ISLAMABAD, Pakistan — The chairman of the Joint Chiefs of Staff, America's top military official, made a hastily arranged visit to Pakistan on Tuesday for talks about a recent incursion by American commandos based in neighboring Afghanistan.
Discussion: Prairie Weather
Justin Wolfers / Freakonomics:
Competing Tax Plans: Two Perspectives  —  Here's an interesting example of how different graphical presentations of the same data can hit the eye differently.  First, an explanation of the likely distributional impacts of the McCain and Obama tax plans, from The Washington Post:
Laura Meckler / Wall Street Journal:
Studies Detail Contrasts in Rivals' Health-Care Plans
Discussion: Associated Press and The Seminal
Victor Davis Hanson / The Corner:
Reaching Critical Mass  —  The sudden change in the polls the last 10 days, even though it may be temporary, has prompted a furor in the media that has no parallel in modern election history.  Vicious words like “treason”, “abasement”, “liar”, and “lying” are in the air now in an unheralded attack on McCain …
Jonathan Martin / The Politico:
McCain press pack stages mini-insurrection  —  Amie Parnes reports:  —  Reporters traveling with John McCain are slightly miffed that the senator hasn't had any face time with them in, well, a month and three days (But who's counting?)  —  So, when Straight Talk Air departed Tampa today, a dozen reporters chanted, “Bring Mac back!
Taegan Goddard / Political Insider:
Obama vs. Palin  —  If you want to know why Gov. Sarah Palin drives liberal Democrats crazy — and is helping Sen. Barack Obama raise money at a record pace — here's an excerpt from an viral email making its way around the country:  — If you grow up in Hawaii, raised by your grandparents, you're “exotic, different.”
Nate Silver /
Palin's Favorability Numbers Eroding  —  As voters have taken a second look at Sarah Palin in venues like the Charlie Gibson interview and even Tina Fey's SNL sketch, they may not be as enamored of what they're seeing.  —  The Research 2000 poll for Daily Kos now has Palin's favorability-unfavorability scores at 45-44 — just a +1.
Felix Salmon / Portfolio:
AIG Is Toast  —  How dangerous is AIG?  Michael Lewitt tells us, in today's NYT: … Paul Jackson is on the same page; he also notes that AIG, which is a huge player in the P&C business, will have a substantial amount of exposure to the damage caused by hurricane Ike — damage estimated at between $6 billion and $18 billion.
Discussion: and The Current
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 More Items: 
Sean Penn / The Huffington Post:
Country First (or, How The Media Loves A Lipsticked Rumsfeld)
Ed Morrissey / Hot Air:
Sebelius: Say, did you know Republicans are racists? …
Megan McArdle:
McCain bucks for a commission
Discussion: Brian Beutler
Washington Wire:
Palin Fund-Raiser Recalls 2004 Election
Discussion: Spin Cycle
Klaus Marre / The Hill:
Pelosi: Dems bear no responsibility for economic crisis
Wes Woods II / Inland Valley Daily Bulletin:
Rove speech greeted with protests, bomb threat, claims of pepper spray
Discussion: L.A. Now and The Other McCain
Soren Dayton / The Next Right:
Is Obama abandoning Virginia?
Jonathan Martin / Jonathan Martin's Blogs:
McCain chides Obama for Streisand fundraiser
 Earlier Items: 
Randyj /
Obama Team Files Suit Over Alleged Voter Suppression Plan
Jeff G. / protein wisdom:
Swiftboating Sarah Palin
Marc Ambinder:
Cognitive Dissonance And The Paranoid Style
Rasmussen Reports:
Palin 47%, Biden 44% in Make-believe Presidential Match-up
Discussion: Open Left, Fox News and Hot Air
Financial Times:
Russia halts trading after 17% share price fall
George Saunders / New Yorker:
MY GAL  —  Explaining how she felt when John McCain offered …
Washington Wire:
Palin to Meet Foreign Leaders at U.N.
Discussion: TVNewser, Fox News, Hot Air and
Gallup Daily: Presidential Contest Remains a Dead Heat