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8:30 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 …
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.
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:
Associated Press:
SEC bans short-selling  —  WASHINGTON - The Securities and Exchange Commission took the dramatic step early Friday of temporarily banning the routine practice of betting against company stocks.  —  The move, announced on the agency's Web site, may well be unprecedented and a reflection …
Discussion: Vox Popoli and Cafe Hayek
Ian Welsh / Firedoglake:
SEC Panic Raises Odds of Major Market Meltdown
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?
Kara Rowland / Washington Times:
Hacker wanted to ‘derail’ Palin  —  Found ‘nothing incriminating’ in candidate's private e-mail  —  A person taking credit for hacking into Alaska Gov. Sarah Palin's personal Yahoo account claims to have read the Republican vice-presidential candidate's e-mails to find something that …
RELATED:
Theo Emery / Tennessean.com:
State rep confirms that son is subject of Palin e-mail chatter
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:
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 SEC is appointed by and serves at the will of the President.
Discussion: GINA COBB
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 …
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:
www.dcexaminer.com:
Reid keeps the swamp brimming  —  As the stock market plunged nearly 1,000 points in two days this week, Senate Majority Leader Harry Reid of Nevada was preoccupied with protecting billions of dollars worth of earmarks contained in a separate, unpublished committee report that got …
Discussion: Betsy's Page
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.
Matt Volz / Associated Press:
Todd Palin refuses to testify in probe  —  Gov. Sarah Palin's husband has refused to testify in the investigation of his wife's alleged abuse of power, and a key lawmaker said today that uncooperative witnesses are effectively sidetracking the probe until after Election Day.
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.
Discussion: TIME.com
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
Wall Street Journal:
Why It's Getting Mean  —  The financial crisis changes the entire shape and feel of the presidential election.  It isn't just bad news, it's bad news that reveals what many people deep down feared, and hoped not to see revealed: that the huge and sprawling financial system of Wall Street …
Discussion: TIME.com and marbury
Roger Simon / The Politico:
President Bush goes AWOL  —  Where's George?  The president, I mean.  —  You remember him.  Dubya.  No. 43.  Won a second term a few years ago.  It was in all the papers.  —  But where has he been lately?  Where has he been during America's worst financial crisis since the Great Depression?
Discussion: Prairie Weather
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
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 …
Andrew Malcolm / Top of the Ticket:
Bill Clinton speaks out for Barack Obama, well, sort of  —  When we last saw the last Democratic ex-president of the United States, he was really, really getting ready to go out and campaign for this very ambitious young fellow from Illinois who with his Windy City crowd beat the ex-president's wife …
Discussion: Hot Air
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
 
 
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 More Items: 
David Ferrara / al.com:
Gulf oil rigs take beating from Ike
Discussion: Think Progress
Jennifer Howze / Times of London:
Russia ratchets up US tensions with arms sales to Iran and Venezuela
Discussion: THE ASTUTE BLOGGERS
Inside Higher Ed:
Will Professors Delay Retirements?
Discussion: Marginal Revolution
Sarah Pulliam / Christianity Today:
Obama campaign launching faith tour
Discussion: Greg's Opinion
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
 Earlier Items: 
Saul Hansell / Bits:
How Wall Street Lied to Its Computers
Discussion: PrestoPundit and Angry Bear
Jonathan Martin / Jonathan Martin's Blogs:
Obama outraged at being accused of not supporting something he doesn't support
MSNBC:
Records reveal Palin's push for earmarks
Discussion: Buck Naked Politics and TBogg
Jonathan Martin / Jonathan Martin's Blogs:
Palin asked daughters on veep vote after they were already in OH for announcement
Carla Marinucci / SFGate:
Shocker: Palin Cancels Big California Swing