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10:55 AM ET, September 17, 2008

memeorandum

 Top Items: 
New York Times:
Fed's $85 Billion Loan Rescues Insurer  —  By EDMUND L. ANDREWS, MICHAEL J. de la MERCED and MARY WILLIAMS WALSH  —  WASHINGTON — Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control …
RELATED:
Michael D. Shear / Washington Post:
McCain Embraces Regulation After Many Years of Opposition  —  A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace …
Mike Allen / The Politico:
Pelosi orders wide Wall Street probe  —  House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and captains of finance, congressional officials said.  —  House Democrats plan to aggressively look …
Glen Johnson / Associated Press:
McCain has 2 faces: Washington in- and outsider  —  VIENNA, Ohio (AP) — John McCain embraces and expels Washington like an accordion player belting out a song.  —  Squeeze in and he touts his vast knowledge of the capital city.  Draw out and he casts himself a reformer bent on changing its ways.
Discussion: The Raw Story
Calculated Risk:
Comment on Crisis: Necessary Steps
Discussion: Economist's View and Corrente
Mark Preston / CNN:
Prominent Clinton backer and DNC member to endorse McCain  —  WASHINGTON (CNN) — Lynn Forester de Rothschild, a prominent Hillary Clinton supporter and member of the Democratic National Committee's Platform Committee, will endorse John McCain for president on Wednesday, her spokesman tells CNN.
Anne Sutton / Associated Press:
McCain campaign clamps down on questions in Alaska  —  JUNEAU, Alaska - GOP vice presidential candidate Sarah Palin is effectively turning over questions about her record as Alaska's governor to John McCain's political campaign, part of an ambitious Republican strategy to limit …
RELATED:
Faiz / Think Progress:
McCain reportedly ‘furious’ with Fiorina, campaign adviser says she will ‘disappear’ from TV.  —  Today, McCain economic adviser Carly Fiorina bluntly stated that neither John McCain nor Sarah Palin were capable of running a major corporation (she said the same of Barack Obama and Joseph Biden).
CNN:
Fiorina's comment called ‘Biden-like’  —  (CNN) — Top McCain-Palin official Carly Fiorina is facing criticism from some within the campaign for a day of what they call “very Biden-like” comments, after the former Hewlett-Packard CEO told two separate interviewers that neither member …
Sam Youngman / The Hill:   McCain campaign stumbles through day
The Prowler / American Spectator:
Obama-Biden Reservations Confirmed  —  STANDING BY THE STORY  —  The Obama campaign spent more than five hours on Monday attempting to figure out the best refutation of the explosive New York Post report that quoted Iraqi Foreign Minister Hoshyar Zebari as saying that Barack Obama during …
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Amir Taheri / New York Post:
OBAMA OBJECTS
Nicole Gaudiano / USA Today:
Biden hires lobbyist to advise Senate run
Discussion: Hot Air
Robert F. Worth / New York Times:
16 Die in Attack on U.S. Embassy in Yemen  —  BEIRUT, Lebanon — Heavily armed militants opened fire on the United States Embassy in Sana, Yemen, on Wednesday and detonated a car bomb at its gates, in an attack that left at least 16 people dead including six of the attackers, Yemeni officials said.
Discussion: Matthew Yglesias and Hullabaloo
RELATED:
Ahmed Al-Haj / Associated Press:
16 dead in car bomb, ambush at US Embassy in Yemen
Discussion: Townhall.com
Ellen Knickmeyer / Washington Post:
U.S. Embassy in Yemen Attacked
Discussion: The Strata-Sphere
Devlin Barrett / Associated Press:
Clinton blindsided by scheduled event with Palin  —  WASHINGTON (AP) — Sen. Hillary Rodham Clinton has canceled an appearance at a New York rally next week after organizers blindsided her by inviting Republican vice presidential candidate and Alaska Gov. Sarah Palin, aides to the senator said Tuesday.
RELATED:
Ruth Marcus / Washington Post:
True Whoppers  —  Economists are not generally known for their lyrical phrasing.  But the other day, one told me something about the election that has stuck with me: He cautioned against succumbing to the “symmetry of sin.”  —  This unexpected snippet of political poetry …
Roger Simon / The Politico:
Can Obama really pull it off?  —  Can Barack Obama actually blow this thing?  Can he actually lose in November?  —  We have a deeply troubled economy, an unpopular war, a very unpopular president and a historic reluctance on the part of the American people to elect the same party to the White House three terms in a row.
Thomas Frank / Wall Street Journal:
Get Your Class War On  —  Now comes the fall culture-war offensive, catching the Democrats by surprise as it always does and spreading panic and desperation among their ranks.  As the depth of the Republican breakthrough becomes apparent to Democrats, they launch the same feeble counterattacks …
Discussion: Democratic Strategist and Althouse
Steve Benen / Washington Monthly:
OBAMA GAMBLES ON LENGTHY ECONOMIC AD.... Audiences have grown accustomed to certain kinds of political advertising.  The new spot from the Obama campaign is a little something different.  —  The spot is two minutes long, making it four times as long as the typical campaign ad.
Discussion: The Moderate Voice
David Alexander / Tales from the Trail:
Financial gloom doesn't halt glitzy Obama fundraiser  —  So what does Barack Obama do after a hard day of defending the common man during the worst financial crisis since the Great Depression?  —  Throw a $28,500-a-head fundraising dinner, of course.  —  Followed by a $2,500 …
Ace / Ace of Spades HQ:
Democrats Go There  —  I'm sure Keith Olbermann will be angered to tears over exploiting this tragedy.  —  So long as we know what the ground rules are, fine.  We'll start running commercials accusing Democrats of dishonoring the dead.  (F**k that— let's have some now-out-of-the-service vets explain …
 
 
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 More Items: 
David D. Kirkpatrick / New York Times:
Abortion Issue Again Dividing Catholic Votes
Discussion: Real Clear Politics
Mark Steyn / The Corner:
Re: AIG Bailout
Russell Berman / Latest Politics:
McCain Slips in Citing Investor Protection Agency
Discussion: Think Progress and Wonk Room
Myglesias / Matthew Yglesias:
Strong Fundamentals  —  Eric Rauchway reflects on Herbert …
Discussion: Eschaton
 Earlier Items: 
Ed Morrissey / Hot Air:
The Silence of the Lemmings  —  Barack Obama's campaign seems …
Mike Madden / Salon:
Sarah Palin's powerful “First Dude”
Ed Morrissey / Hot Air:
Sebelius: Say, did you know Republicans are racists? …
Discussion: MiamiHerald.com