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7:55 AM ET, September 19, 2008

memeorandum

 Top Items: 
Wall Street Journal:
U.S. Drafts Sweeping Plan to Fight Crisis As Turmoil Worsens in Credit Markets  —  Paulson Briefs Congress on Idea to Buy Bad Assets From Banks, Insure Money-Market Funds; Stocks Rebound Sharply  —  WASHINGTON — The federal government is working on a sweeping series of programs …
RELATED:
Steve Liesman / CNBC.com:
Learn How to Get Real-Time Quotes on Your Mobile Device  —  Bad Debt Plan May Cost Up to Half a Trillion Dollars  —  Treasury Secretary Hank Paulson briefed Congressional leaders on plans to address the “illiquid assets” on U.S. financial institutions' balance sheets, possibly including …
Edmund L. Andrews / New York Times:
Fed and Treasury Offer to Work With Congress on Bailout Plan  —  WASHINGTON — The head of the Treasury and the Federal Reserve began discussions on Thursday with Congressional leaders on what could become the biggest bailout in United States history.  —  While details remain to be worked out …
Calculated Risk:
What would a New Government Entity Look Like?
Discussion: ParaPundit and naked capitalism
Wall Street Journal:
SEC Is Set to Issue Temporary Ban Against Short Selling  —  The Securities and Exchange Commission prepared 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 …
RELATED:
stephenbainbridge.com:
McCain's Moronic Critique of Cox  —  I've never really trusted John McCain on the economy.  On this issue, he's simply the lesser of two evils.  Barack Obama knows what he wants to do to the economy and what he wants to do scares the crap out of me.  McCain doesn't know very much of anything …
Ian Welsh / Firedoglake:
SEC Panic Raises Odds of Major Market Meltdown
Jennifer Parker / Political Radar:
McCain Flub? Republican Says He'd Fire SEC Chair as President
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.
Ben Smith / Ben Smith's Blogs:
What's on the desk  —  In a picture supplied by Sarah Palin's family to the Associated Press, Palin appears with some rather odd reading matter: The magazine of the ultraconservative John Birch Society.  —  The picture, dating to 1995, when Palin was a member of the Wasilla City Council …
RELATED:
Michael Shaw / BAGnewsNotes:
Early Signs Of Sarah Palin's Radical Agenda?
Michelle Malkin:
AP reporter e-mails: Yeah, it's all Palin's fault  —  Just call them the Associated (With Hackers) Press.  —  A reader e-mailed AP reporter Ted Bridis yesterday after Bridis's article on the Palin e-mail hacking disclosed that the AP was refusing to cooperate with the feds and suggested that Palin was to blame for the crime.
RELATED:
Gateway Pundit:
FATHER OF HACKER Is Tennessee Dem State Rep!!!!! ...
Jennifer Rubin / Commentary:
Biden's Refusal to Appear At Iran Protest Caused the Disinvitation of Palin  —  Here's the latest news on the withdrawal of the invitation to Sarah Palin (and all other politicians) to Monday's protest of Mahmoud Ahmadinejad — withdrawn by the sponsor, the Council of Presidents of Major Jewish Organization.
RELATED:
Ben Smith / Ben Smith's Blogs:
Obama denies Raines ties, accuses McCain of throwing stones from his “seven glass houses”  —  The campaign puts out a statement from former Fannie Mae chief Franklin Raines, disowning ties to Obama, after a McCain ad attacked him for the ties.  —  The Washington Post reported …
RELATED:
Inside Higher Ed:
Will Professors Delay Retirements?  —  At TIAA-CREF this week, the volume of calls from clients is up 30 percent from the same point a year ago.  —  Given the dramatic drops on Wall Street, it's not surprising that many in academe are wondering about the status of their retirement funds.
RELATED:
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.
Manu Raju / The Hill:
‘Gang of 20’ won't offer energy bill  —  A bipartisan group of senators who sought a compromise in the rancorous energy debate won't introduce their bill before lawmakers adjourn for the elections, several Senate aides said Thursday.  —  Instead, the so-called Gang of 20 will offer a statement …
Todd Zywicki / The Volokh Conspiracy:
KEITH OLBERMANN: I happend to catch the very beginning of “Countdown” with Keith Olbermann.  His lead story was on John McCain's statement that if he were President he would “fire” Chris Cox as Chairman of the SEC, explaining that the Chairman of the FTC is appointed by and serves at the will of the President.
Discussion: GINA COBB
Aurelio Rojas / Sacramento Bee:
Field Poll finds gay marriage ban trails by 17 points  —  Story appeared in MAIN NEWS section, Page A3  —  A constitutional amendment that would ban same-sex marriage in California has lost support during the past two months and now trails by a 17-point margin.
Discussion: Newshoggers.com
Washington Post:
GOP Sees Rebound in Battle for Congress  —  Party Hopes Momentum Will Help Limit Losses  —  Like many of her Republican colleagues concerned about their reelection prospects, Sen. Elizabeth Dole of North Carolina skipped the party's national convention to focus on campaigning back home.
Discussion: TIME.com
David Paul Kuhn / The Politico:
Poll: GOP brand making comeback  —  New polling suggests that the Republican Party is beginning to regain some of its luster and, perhaps as important, is experiencing a surge in excitement among its political base.  —  A new poll by the Pew Research Center for the People & the Press reports …
Discussion: Betsy's Page
Carla Marinucci / SFGate:
Shocker: Palin Cancels Big California Swing  —  Alaska Gov. Sarah Palin, who was to star at two major California fundraisers and an Orange County rally for 15,000 next week, has canceled her two-day swing through the Golden State, campaign sources said.  —  The change is a shocker …
Derek Kravitz / Washington Post:
Minerals Case Decision Protested  —  The Interior Department has pulled some of its investigators off the Jack Abramoff corruption task force to protest the Justice Department's decision not to pursue charges against two government officials in the separate oil royalties scandal that surfaced last week.
Discussion: Prairie Weather
Erika Hayasaki / Los Angeles Times:
Sarah Palin said yes, thanks, to a road to nowhere in Alaska  —  While seeking votes, she told Ketchikan residents she backed the ‘bridge to nowhere.’ As governor, she spent the money elsewhere and moved ahead with a $26-million road to the nonexistent bridge.
Discussion: TalkLeft, Jesus' General and RADAMISTO
Jennifer Howze / Times of London:
Russia ratchets up US tensions with arms sales to Iran and Venezuela  —  Tony Halpin in Moscow and Alexi Mostrous in Washington  —  Russia defied the United States yesterday by announcing plans to sell military hardware to Iran and Venezuela.  —  The head of the state arms exporter …
Discussion: THE ASTUTE BLOGGERS
 
 
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 More Items: 
Sarah Pulliam / Christianity Today:
Obama campaign launching faith tour
Discussion: Greg's Opinion
William Yardley / New York Times:
Alaska Star May Add Luster to Tarnished Senator
Discussion: TIME.com
Andrew Roth / Club for Growth:
Embarrassing Moment for Paul Krugman
Discussion: The Foundry and www.redstate.com
Michelle Boorstein / Washington Post:
Trying to Get Christian Music Fans to Tune To the Left
John Bresnahan / The Crypt's Blogs:
Rangel blames everyone else for his ethics problems in ‘Open Letter to New Yorkers’
Discussion: New York Times
Saul Hansell / Bits:
How Wall Street Lied to Its Computers
Discussion: PrestoPundit and Angry Bear
CNN:
Palin's husband won't testify, campaign says
Discussion: TalkLeft
 Earlier Items: 
Jonathan Martin / Jonathan Martin's Blogs:
Obama outraged at being accused of not supporting something he doesn't support
Randi Kaye / CNN:
Palin's hometown legacy left trail of legal bills
Discussion: Pam's House Blend
Myglesias / Matthew Yglesias:
Retiring, McCain-Style  —  Though he's now coy, John …
Discussion: American Spectator and Wonk Room
MSNBC:
Records reveal Palin's push for earmarks
Discussion: TBogg
Jonathan Martin / Jonathan Martin's Blogs:
Palin asked daughters on veep vote after they were already in OH for announcement