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9:30 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.
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.
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
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 …
Associated Press:
Adviser says McCain helped create the BlackBerry  —  MIAMI (AP) — Move over, Al Gore.  You may lay claim to the Internet, but John McCain helped create the BlackBerry.  —  At least that's the contention of a top McCain policy adviser, Douglas Holtz-Eakin.
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
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.
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.
Megan McArdle:   Hindsight regulation … But I don't blame it on Clinton.
John Cole / Balloon Juice:
Obama's Economic Message
Discussion: Political Punch
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
Daniel W. Reilly / The Politico:   Reid likens McCain to Hoover
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: Political Punch
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!
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 …
Discussion: The Daily Dish and
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.
Financial Times:
Russia halts trading after 17% share price fall  —  By Catherine Belton and Charles Clover in Moscow and Rachel Morarjee in London  —  Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices …
Discussion: and Neptunus Lex
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 More Items: 
Ben Smith / The Politico:
GOP group behind negative Obama poll
Discussion: Salon and Talking Points Memo
Felix Salmon / Portfolio:
AIG Is Toast  —  How dangerous is AIG?  Michael Lewitt tells us, in today's NYT:
Washington Wire:
Palin Fund-Raiser Recalls 2004 Election
Discussion: Spin Cycle
Klaus Marre / The Hill:
Pelosi: Dems bear no responsibility for economic crisis
Discussion: Michelle Malkin and Macsmind
Stephen Graham / Associated Press:
Pakistan orders troops to open fire if US raids
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?
Randyj /
Obama Team Files Suit Over Alleged Voter Suppression Plan
 Earlier Items: 
Laura Meckler / Wall Street Journal:
Studies Detail Contrasts in Rivals' Health-Care Plans
Jeff G. / protein wisdom:
Swiftboating Sarah Palin
Kristi Keck / CNN:
Palin ‘phenomenon’ hijacks online sales
Discussion: Wake up America
Rasmussen Reports:
Palin 47%, Biden 44% in Make-believe Presidential Match-up
Discussion: Open Left, Fox News and Hot Air
Andrew Sullivan / The Daily Dish:
Pro-Lifers And Amniocentesis: Some Questions
Discussion: The Other McCain
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