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1:25 PM ET, September 19, 2008

memeorandum

 Top Items: 
Karen Tumulty / Swampland:
McCain Plays the Race Card  —  When politicians interject race into a campaign, they seldom do it directly.  Consider McCain's new ad, which the campaign says it will be airing nationally: This is hardly subtle: Sinister images of two black men, followed by one of a vulnerable-looking elderly white woman.
RELATED:
Washington Post:
‘Always for Less Regulation’?  —  TO LISTEN to Sen. Barack Obama, Sen. John McCain is a Johnny-come-lately to the cause of regulating financial markets.  “He has consistently opposed the sorts of common-sense regulations that might have lessened the current crisis,” Mr. Obama said in New Mexico yesterday.
Rush Limbaugh / Wall Street Journal:
Obama Is Stoking Racial Antagonism  —  I understand the rough and tumble of politics.  But Barack Obama — the supposedly postpartisan, postracial candidate of hope and change — has gone where few modern candidates have gone before.  —  Mr. Obama's campaign is now trafficking in prejudice of its own making.
Wall Street Journal:
McCain's Scapegoat  —  John McCain has made it clear this week he doesn't understand what's happening on Wall Street any better than Barack Obama does.  But on Thursday, he took his populist riffing up a notch and found his scapegoat for financial panic — Christopher Cox, the chairman of the Securities and Exchange Commission.
The Corner:
McCain on the Economy  —  In Green Bay this morning: … Keep reading this post . . .
Steve Benen / Washington Monthly:
WHAT FLAILING LOOKS LIKE.... Is it me, or has John McCain's message become completely incoherent this week?  —  Yesterday, he got things started by insisting he would fire SEC Chairman Christopher Cox if president, which was odd since a) Cox isn't really to blame; and b) the president can't fire the SEC chair.
Ed Morrissey / Hot Air:
McCain ad: “Jim Johnson”  —  John McCain continues attacking Barack Obama over his connections to Fannie Mae.  Yesterday, Team McCain released a 30-second spot introducing voters to Franklin Raines, who has served as an informal adviser to the Obama campaign.
Ben Smith / Ben Smith's Blogs:
McCain, pitchfork in hand, blames Obama allies for crisis
Discussion: The Corner and Donklephant
Byron York / The Corner:
Is He or Isn't He?  —  The McCain has released a new ad entitled “Advice.”
Discussion: Althouse
Howard Kurtz / Washington Post:
McCain Charges Obama with Taking Advice from Raines
Discussion: Hot Air and The New Republic
Mark Silva / The Swamp:
McCain: Obama ‘gaming the system’
RELATED:
Rose Garden / White House:
President Bush Discusses Economy  —  THE PRESIDENT: Good morning.  I thank Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox for joining me today.  —  This is a pivotal moment for America's economy.  Problems that originated in the credit markets …
Paul Krugman / New York Times:
Crisis Endgame  —  On Sunday, Henry Paulson, the Treasury secretary, tried to draw a line in the sand against further bailouts of failing financial institutions; four days later, faced with a crisis spinning out of control, much of Washington appears to have decided that government isn't the problem, it's the solution.
John Amato / Crooks and Liars:
Premiere: New Film ‘Third Term’ John McCain's repeat performance of the Keating 5
Discussion: DownWithTyranny!
Wall Street Journal:
SEC Issues Temporary Ban Against Short Selling  —  The Securities and Exchange Commission on Friday launched an aggressive assault against short-sellers, saying it would temporarily prevent investors from making bets on stock declines in an attempt to stem some of the worst stock-market slides in years.
Discussion: Cafe Hayek and Townhall.com
RELATED:
CNBC.com:
Where Next for the Dollar?  18 Sep 2008  —  Is the U.S. government's proposal to take on bad bank assets a good move?  Sharada Selvanathan, currency strategist at BNP Paribas gives her take on how this will affect the dollar, with CNBC's Maura Fogarty & Stephen Sedgwick.
Discussion: Townhall.com
Satyam / Think Progress:
In economic policy speech, McCain says ‘chairman of the FEC’ — not SEC — should resign.  —  In his speech today on the crisis in the financial markets, Sen. John McCain (R-AZ) referred to the Federal Election Commission (FEC) when he was trying to refer to the Securities and Exchange Commission (SEC):
Discussion: Towleroad.com and Oliver Willis
RELATED:
Jonathan Martin / Jonathan Martin's Blogs:   McCain shifts tone on Cox
Telegraph:
Baroness Warnock: Dementia sufferers may have a ‘duty to die’  —  Elderly people suffering from dementia should consider ending their lives because they are a burden on the NHS and their families, according to the influential medical ethics expert Baroness Warnock.
Myglesias / Matthew Yglesias:
The Opportunity  —  If the powers that be tell me that the country needs something like the financial measures being announced today, I'm not going to disagree with them.  But tactically, I think it'd be crazy to just hand this package over for the President's signature.
John R. Emshwiller / Wall Street Journal:
McCain Wins Endorsement of Democrat  —  As Barack Obama and John McCain battle for the Hispanic vote, a leading Latino backer of Hillary Clinton is crossing party lines to support the Republican presidential nominee.  —  In an interview Thursday, Miguel D. Lausell, a Puerto Rican businessman …
Amy Sullivan / Time:
Virginia Sounds the Starting Gun for Early Voting  —  If it seems like John McCain and Barack Obama have been training serious fire on each other earlier than party nominees have in previous general elections, it's not just because passions are running so high as a result of the Iraq war or the economy's woes.
Discussion: Ben Smith's Blogs
Josh Gerstein / New York Sun:
Palin Pick Puts Many Women on the Verge  —  Senator McCain's selection of Governor Palin of Alaska as his running mate, which was hailed in some quarters and met with skepticism in others, is sparking intense reactions from some New Yorkers, who report being driven to fits of rage and even all-consuming panic.
Washington Post:
Palin Attuned More to Public Will, Less to Job's Details  —  It was three days before the legislature was to go home, and Alaska Gov. Sarah Palin was frustrated.  The state Senate was thwarting a reduction she wanted in the fee for business licenses.  So the governor's aides culled records …
David Brooks / New York Times:
The Post-Lehman World  —  A few years ago, real estate was all the rage.  Earlier this year, the business magazines were telling us to invest in Lehman Brothers and Merrill Lynch, because those stocks were bound to zoom.  Now another herd is on the march.  —  We're in a paradigm shift, its members say.
Discussion: Matthew Yglesias
Nick Werner / TheStarPress.com:
Obama fans tag local Republican headquarters  —  GOP chairman predicts vandalism will energize McCain voters.  —  MUNCIE — A vandal who apparently plans to vote for Barack Obama attacked the Delaware County Republican Party Headquarters sometime this week with a gold spray can.
Discussion: Wake up America
Kevin Bogardus / The Hill:
Palin won't say whether veep is an executive post  —  Vice President Dick Cheney has said his office only partially belongs to the executive branch.  Democratic vice presidential nominee Joe Biden disagrees and Republican rival Sarah Palin isn't saying.  —  Sen. Biden (Del.) …
 
 
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 More Items: 
Mark Silva / The Swamp:
TV convention-viewers: Most Americans
Discussion: Top of the Ticket
Steve Benen / Washington Monthly:
THE CULTURE OF ‘LOBBYING AND INFLUENCE PEDDLING’. …
Discussion: AMERICAblog News
Ed Morrissey / Hot Air:
McCain ad: “Patriotic Act”
John R. Lott Jr / Philly.com:
McCain a Bush clone? These numbers dispute that
Discussion: Townhall.com
Evelyn Nieves / Associated Press:
In hard times, tent cities rise across the country
Discussion: Think Progress
Tyler Cowen / Marginal Revolution:
Did the Gramm-Leach-Bliley Act cause the housing bubble?
Discussion: Megan McArdle
 Earlier Items: 
Stuart Taylor / National Journal Online:
Campaign Lies, Media Double Standards
Discussion: The Corner
Wall Street Journal:
Why It's Getting Mean
Discussion: Real Clear Politics
Roger Simon / The Politico:
President Bush goes AWOL
David Paul Kuhn / The Politico:
Poll: GOP brand making comeback