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1:40 AM ET, September 20, 2008

memeorandum

 Top Items: 
David M. Herszenhorn / New York Times:
Congressional Leaders Stunned by Warnings  —  WASHINGTON — It was a room full of people who rarely hold their tongues.  But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.
RELATED:
Frank James / The Swamp:
Economy could die, lawmakers told  —  Sen. Charles Schumer of New York appeared on the CNBC's “Power Lunch” today and described for the audience the doomsday scenario delivered by Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke during their meeting last night with members of Congress.
Edmund L. Andrews / New York Times:
Bush Officials Urge Swift Action on Rescue Powers  —  WASHINGTON — The Bush administration, moving to prevent an economic cataclysm, urged Congress on Friday to grant it far-reaching emergency powers to buy hundreds of billions of dollars in distressed mortgages despite many unknowns about how the plan would work.
Discussion: naked capitalism and Balkinization
Mike Allen / The Politico:
Breaking: Paulson plan could cost $1 trillion
Paul Krugman:
McCain on banking and health  —  OK, a correspondent directs me to John McCain's article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries.  You might want to be seated before reading this.
Marcia Kramer / WCBS-TV:
ASTONISHING: Rep. Rangel Calls Palin ‘Disabled’  —  Embattled Politician: It's Laughable That GOP VP Nominee Bases Foreign Policy On Being Able To See Russia  —  Republicans Infuriated; Rep. King Blasts Rangel  —  NEW YORK (CBS) ― Already under fire for his tax troubles …
RELATED:
Allahpundit / Hot Air:   Charlie Rangel on Palin: “You got to be kind to the disabled”
Michael Dobbs / Washington Post:
OBAMA'S FANNIE MAE ‘CONNECTION’ … AN ALREADY NASTY PRESIDENTIAL ELECTION CAMPAIGN IS GETTING NASTIER.  THE MELTDOWN ON WALL STREET HAS TOUCHED OFF FRANTIC ATTEMPTS BY BOTH THE MCCAIN AND OBAMA CAMPS TO SECURE POLITICAL ADVANTAGE AND INDULGE IN GUILT BY ASSOCIATION.
RELATED:
Steve Benen / Washington Monthly:
THE RAINES/JOHNSON SILVER BULLET?.... John McCain and his campaign seem to think they have a new trump card to play against Obama — he's been associated with Franklin Raines and Jim Johnson, both of whom are former Fannie Mae executives.  The connections are the subject of two new McCain campaign TV ads …
Byron York / The Corner:   Washington Post Faults McCain For Relying On...Washington Post
Adam C. Smith / St. Petersburg Times:
One thought pushes fence-sitters to the left: Palin  —  ST. PETERSBURG — Five weeks ago, the St. Petersburg Times convened a group of Tampa Bay voters who were undecided about the presidential election.  Their strong distrust of Barack Obama suggested it was a group ripe for John McCain to win over.
RELATED:
Ben Smith / Ben Smith's Blogs:
Florida, long way from Alaska
Discussion: AMERICAblog News
Megan McGinley / CJR:
Army Alters Photographs, Issues Them To AP  —  The Associated Press retracted two government-issued photographs last night after a photographer in Texas alerted the agency that the photos in question appeared to be doctored.  —  Bob Owen, chief photographer of the San Antonio Express-News …
Discussion: Daily Kos
RELATED:
Ryan / Think Progress:   Army releases doctored photos of dead soldiers.
Gallup:
Gallup Daily: Obama Now Leads McCain by 5 Points  —  At 49%, support for Obama is near his record high for the year  —  PRINCETON, NJ — Gallup Poll Daily tracking from Tuesday through Thursday finds Barack Obama with a five percentage point lead over John McCain in the presidential preferences of registered voters, 49% to 44%.
Julia Hoppock / Political Punch:
Undermining McCain Campaign Attack, Republicans Back Obama's Version of Meeting With Iraqi Leaders  —  Earlier this week, the campaign of Sen. John McCain, R-Ariz., seized upon a column in the New York Post that described Sen. Barack Obama, D-Ill., as having urged Iraqi leaders in a private meeting …
RELATED:
Kos / Daily Kos:
Palin's favorability trajectory  —  Al Rodgers whipped this up:  —  Worth more than 1,000 words, huh?
Discussion: TalkLeft and TPM Election Central
Nitya / Political Radar:
Palin Warns Against ‘Second Holocaust’ by Ahmadinejad  —  ABC News' Imtiyaz Delawala Reports: Republican vice presidential nominee Sarah Palin warned against Mahmoud Ahmadinejad's pursuit of nuclear weapons for a “second holocaust,” while blaming “Democrat partisans” for forcing rally organizers …
RELATED:
Glenn Reynolds / Pajamas Media:
PRAYING FOR THE TROOPS, AND THE WORLD.  Are we fighting a Holy War?  —  Devastating.
Justin Rood / ABCNEWS:
Exclusive: New Doubts Over Palin's Troopergate Claims  —  Internal Government Document Contradicts Sarah Palin, Campaign  —  An internal government document obtained by ABC News appears to contradict Sarah Palin's most recent explanation for why she fired her public safety chief …
Tim Graham / media.newsbusters.org:
Sandra Bernhard: Palin Would Be Gang-Raped By Blacks in Manhattan  —  The Washington Post isn't the only daily D.C. newspaper to rave about Sandra Bernhard's anti-Palin ranting.  Wednesday's Washington Examiner joined in, with the headline “Comedienne delivers enraged optimism.”
Frank Schaeffer / The Huffington Post:
An Open Letter to All Republicans From a Former Religious Right Activist  —  Dear Republicans: This election all Republicans who love America must vote for Obama.  A vote for business-as-usual and a continuation of the Neoconservative/Religious Right/ party of corporate American alienation is a vote against America.
Discussion: The Other McCain
Michael Calderone / The Politico:
Fox demands McCain camp remove Garrett from ad  —  Fox News sent a cease and desist letter to the McCain campaign today over a new ad that includes the voice of correspondent Major Garrett, according to a letter obtained by Politico.  —  From the letter sent to Trevor Potter, general counsel for the McCain campaign.
Jim Manzi / The Corner:
Welcome to History  —  It's helpful to think of how to address the current financial crisis (and I don't use that word casually) in terms of the end-state we want to achieve, and the transition plan to get there.  —  The problem we face is often described as mind-bendingly complex, but in its essentials, it is simple.
Discussion: Pajamas Media
Maggie Fox / Reuters:
Satellite images show ethnic cleanout in Iraq  —  WASHINGTON (Reuters) - Satellite images taken at night show heavily Sunni Arab neighborhoods of Baghdad began emptying before a U.S. troop surge in 2007, graphic evidence of ethnic cleansing that preceded a drop in violence, according to a report published on Friday.
Jonathan Rauch / National Journal Online:
Bush's Legacy: Small Ball After All?  —  BOTH SUPPORTERS AND CRITICS TEND TO VIEW BUSH AS A GAME-CHANGING PRESIDENT.  BUT HE MAY BE REMEMBERED AS A COMPARATIVELY MINOR FIGURE. … That succinct judgment, received not long ago via e-mail from a political scientist, sums up a good deal …
Discussion: The New Republic
Andrew Malcolm / Top of the Ticket:
Obama votes ‘Present’ on new economic rescue plan for now  —  CORAL GABLES, Fla. — Sen. Barack Obama today met with some of his many economic advisors and made an announcement that he was not going to make an announcement about any new plan to plan plans.  —  Obama did suggest a bipartisan effort …
Discussion: The Swamp and The RBC
Mark Murray / MSNBC:
McCain: Playing the patriotism card  —  At last night's rally in Wisconsin, McCain said this: “And that's how we see this election, country first or Obama first and I have a feeling [chant of “Country First, Country First"]... So when it comes to cutting taxes for seniors, for working families …
 
 
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 More Items: 
Akmuckraker / Mudflats:
Witch Hunter that Prayed Palin into Office is Coming Back to Wasilla!
SilentPatriot / Crooks and Liars:
Chuck Hagel slams Sarah Palin: “It's a stretch to say she's got …
Discussion: RADAMISTO
Washington Wire:
‘Attack by Association’ Viewed as Fair Game by McCain Camp
Discussion: Hot Air and Weekly Standard
Kevin Drum / Mother Jones:
The Other Bailout
Discussion: D-Day and Hullabaloo
Rasmussen Reports:
Election 2008: Indiana Presidential Election
Discussion: FiveThirtyEight.com and MyDD
Dan Childs / ABCNEWS:
Easily Startled? It Could Reflect Your Politics
Discussion: NewsBusters.org
 Earlier Items: 
James Gerstenzang / The LA Times President Bush Blog:
Stephen Hadley on his boss, President Bush: ‘Remarkably unaffected by eight years’
Matt / Think Progress:
McCain repeats Palin's lie: Alaska 'provides 20 percent of America's …
Discussion: Firedoglake
Jonathan Chait / The New Republic:
Sarah Quaylin  —  Actually, Dan Quayle is looking pretty good right now.
Discussion: Greg's Opinion
Charles Krauthammer / Washington Post:
History Will Judge  —  For the past 150 years, most American …
Mark Henderson / Times of London:
How scary is this spider? That may depend on your politics
Discussion: Newshoggers.com, Time and Guardian
Andrew Sullivan / The Daily Dish:
Palin's Collapse Continues