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6:10 PM ET, September 20, 2008

memeorandum

 Top Items: 
David M. Herszenhorn / New York Times:
Administration Is Seeking $700 Billion for Wall Street Bailout  —  WASHINGTON — The Bush administration on Saturday formally proposed to Congress what could become the largest financial bailout in United States history, requesting unfettered authority for the Treasury Department to buy up to $700 billion in mortgage-related assets.
RELATED:
Paul Krugman:
No deal  —  I hate to say this, but looking at the plan as leaked, I have to say no deal.  Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets.  —  As I posted earlier today, it seems all too likely that a …
Glenn Greenwald / Salon:
The complete (though ever-changing) elite consensus over the financial collapse  —  (updated below)  —  John Diamond, USA Today, February 4, 2004 — “A desert mirage: How U.S. misjudged Iraq's arsenal”: … Walter Pincus, The Washington Post, August 11, 2007 — “How the Fight for Vast New Spying Powers Was Won”:
FactCheck.org:
Scaring Seniors  —  An Obama-Biden ad says McCain supports “cutting benefits in half” for Social Security recipients.  False!  —  A new Obama ad characterizes the “Bush-McCain privatization plan” as “cutting Social Security Benefits in half.”  This is a falsehood sure to frighten seniors who rely on their Social Security checks.
RELATED:
CNN:
Obama hammers McCain over Social Security
Discussion: BrothersJudd Blog
Frank James / The Swamp:
McCain's bad timing on SS reform
Ben Smith / Ben Smith's Blogs:   Entitlement politics  —  Obama is rolling out today an attack …
John McCormick / The Swamp:
Obama hits McCain on Social Security
Discussion: The New Editor
Glen Johnson / Associated Press:
McCain, aides defend idea of private Social Security accounts …
Discussion: Washington Monthly
Associated Press:
Poll: Racial misgivings of whites an Obama issue  —  WASHINGTON (AP) — Deep-seated racial misgivings could cost Barack Obama the White House if the election is close, according to an AP-Yahoo News poll that found one-third of white Democrats harbor negative views toward blacks — many calling them …
RELATED:
Al Giordano / The Field on the Narcosphere:
The AP's Ron Fournier: Racial Arsonist and Unethical Journalist
Gallup:
Gallup Daily: Obama 50%, McCain 44%  —  PRINCETON, NJ — Gallup Poll Daily tracking from Wednesday through Friday finds Barack Obama maintaining his lead over John McCain among registered voters, by a 50% to 44% margin.  —  Obama has held at least a small margin over McCain in each …
RELATED:
Jay Cost / HorseRaceBlog:   The State of the Race  —  There's been a lot of talk …
Paul Krugman:
Uneasy feelings  —  Details are scarce on the big buyout; but as a few dribble out, I'm getting uneasy.  —  Here's the source of my uneasiness: the underlying premise behind the buyout seems, still, to be that this is mainly a liquidity problem.  So if the government stands ready to buy securities at “fair value”, all will be well.
RELATED:
Kevin Drum / Mother Jones:
Solvency vs. Liquidity
Discussion: Balloon Juice
Patrick Healy / New York Times:
Debate Pact Lets McCain and Obama Spar  —  The Obama and McCain campaigns have agreed to an unusual, free-flowing format for the three televised presidential debates, which begin on Friday, but the McCain camp fought for and won a much more structured approach for the questioning …
Discussion: TalkLeft
Jackie Calmes / New York Times:
Dazed Capital Feels Its Way, Eyes on Election  —  WASHINGTON — The huge bailout of the financial system that the Bush administration and Congress are rushing to draft will leave taxpayers with at least part of the bill at a time when high gasoline prices, job losses and stagnant incomes …
RELATED:
Mark Silva / The Swamp:
John McCain's radio: Jab at Obama
Carlotta Gall / New York Times:
At Least 40 Are Killed in Blast at Pakistan Hotel  —  ISLAMABAD, Pakistan — A huge truck bomb exploded at the entrance to the Marriott Hotel in Islamabad on Saturday evening, just a few hundred yards from the prime minister's house, where all the leaders of government were dining after the president's address to Parliament.
RELATED:
Associated Press:
Suicide bomb at Pakistan Marriott hotel kills 40
Jeffrey Diamond / ABCNEWS:
Transgendered Woman Wins Sex Discrimination Case  —  In Potentially Groundbreaking Case, Court Finds Sex Discrimination Law Applies to Transgendered Woman  —  A transgendered woman, who lost a job offer because of her sexual status, has won a potentially groundbreaking federal sex discrimination lawsuit.
The Moderate Voice:
Oh Sarah!  The Week That The Music Stopped  —  I'm not buying into rumors that Sarah Palin is on the way out.  —  If John McCain can't admit that he misheard an interviewer regarding Spain and its premier there is no way in Hell that he's going to acknowledge that picking …
Discussion: Daimnation!
Alan Boraas / Anchorage Daily News:
Kopp hiring proved Palin's fundamentalist street cred  —  So far Gov. Palin's handling of Alaska's Troopergate has focused on why Commissioner of Public Safety Walt Monegan was fired.  An equally important question is why Chuck Kopp was hired to replace him.
John Amato / Crooks and Liars:
Cavuto says McCain-Palin sound just like Obama-Biden  —  I was watching the FOX News Business network Friday night — so you don't have to — and Cavuto was in full on depression mode.  McCain is into populism now, ‘he sounds like Obama,’ said Cavuto.  That's what's happened to conservatism.
Discussion: The Agonist
 
 
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 More Items: 
Michael Luo / The Caucus:
McCain Breaks His Record in August, Raising More Than $47 Million
Discussion: New York Times and Don Surber
Pamela Constable / Washington Post:
A Modernized Taliban Thrives in Afghanistan
Discussion: Informed Comment
Dean Baker / TPMCafe:
Progressive Conditions for a Bailout
Discussion: Matthew Yglesias and The G Spot
Alexander Mooney / CNN:
Biden in hot water with some Ohioans
Discussion: pandagon.net and Townhall.com
Jeff Zeleny / The Caucus:
Obama Sets Up Debate Camp in the Sunshine State
Discussion: TIME.com
 Earlier Items: 
Noemie Emery / Weekly Standard:
The Palin Effect  —  Her enemies are bellowing like a wounded moose.
Discussion: American Power
Washington Post:
Karzai Agrees To Meet With Palin