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4:25 PM ET, September 21, 2008

memeorandum

 Top Items: 
New York Times:
Bipartisan Support for Wall St. Rescue Plan Emerges  —  WASHINGTON — Bipartisan support appeared to be emerging Sunday among American lawmakers to approve quickly a vast bailout of financial institutions in the United States.  The Bush administration has proposed granting unfettered authority …
RELATED:
Mike Allen / The Politico:
Exclusive: Foreign banks may get help  —  In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's mortgage bailout, according to the fine print of an administration statement Saturday night.
Avi Zenilman / The Politico:
Many economists skeptical of bailout  —  Many of the same economists and opinion-makers who'd provided a bipartisan sheen of consensus to Treasury Secretary Henry Paulson's previous moves have quickly begun casting doubts on the wisdom of a policy that would allow Treasury …
Daniel Gros / voxeu.org:
The beginning of the end game...  The radical moves in the US have direct implications for European banks and indirect implications for European governments.  This column discusses the likely channels and notes that several European banks are both too big to fail and may be too big to be saved by their national governments alone.
Meena Thiruvengadam / Wall Street Journal:
Paulson Presses Congress to Act On $700 Billion Bailout Plan  —  WASHINGTON — U.S. Treasury Secretary Henry Paulson, in a string of Sunday morning news appearances, stressed the need to quickly move forward with uncluttered legislation related to a $700 billion plan to stabilize the nation's ailing economy.
Discussion: The Seminal
Jonathan Weisman / Washington Post:
Campaigns Beef Up Economic Teams in Face of Crisis
Discussion: Open Left, Althouse and TIME.com
Glenn Somerville / Reuters:
Treasury keeps options open on asset purchases
Newsweek:
All the Candidates' Cars  —  From the magazine issue dated Sep 29, 2008  —  When you have seven homes, that's a lot of garages to fill.  After the fuss over the number of residences owned by the two presidential nominees, NEWSWEEK looked into the candidates' cars.
The Politico:
Franken helps craft McCain ‘SNL’ skit  —  Al Franken, the former “Saturday Night Live” star now running in a high-profile Senate race in Minnesota, helped craft the opening sketch mocking John McCain that kicked off the NBC comedy show Saturday, according to two well-placed sources inside the network.
RELATED:
The Big Trunk / Power Line:   COMEDIAN, SATIRIZE THYSELF
Mike Allen / The Politico:
43 days - Stephanopoulos: “The era of big government is back”  —  Execs at failed Lehman could get $2.5 billion (with a b) in bonuses — Paulson package could pass off House floor on Thursday — Newsweek cover: “King Henry” Paulson — From Sunday shows: Paulson will resist curbs on executive pay …
Peter Bray / Slate:
Did Obama Just Touch the Third Rail?  —  CURIOUS EDITS TO HIS SOCIAL SECURITY PAGE.  —  Barack Obama is such a hard-core wonk, his camp grinds through policy day in, day out.  That may be a great quality to have in a president—but it's not necessarily a smart strategy for a presidential candidate just weeks before an election.
Paul Krugman:
Thinking the bailout through  —  What is this bailout supposed to do?  Will it actually serve the purpose?  What should we be doing instead?  Let's talk.  —  First, a capsule analysis of the crisis.  —  1. It all starts with the bursting of the housing bubble.
Paul Glastris / Washington Monthly:
BETTER BAILOUT IDEAS... One of the classic mistakes we all make—and this is true of political leaders and average citizens alike—is to accept unquestioningly that the choices we're being presented with are in fact the only choices we have.  And so it was on Friday that Democratic leaders …
Discussion: Matthew Yglesias
RELATED:
Mark Naymik / OPENERS:
Ohio Newspaper Poll shows John McCain with slight lead over Barack Obama … CLEVELAND — The first Ohio Newspaper Poll, a collaboration among Ohio's largest daily newspapers, shows Republican Sen. John McCain with a lead over Democrat Sen. Barack Obama in Ohio and provides a snapshot …
Discussion: TIME.com
Nicholas D. Kristof / New York Times:
The Push to ‘Otherize’ Obama  —  Here's a sad monument to the sleaziness of this presidential campaign: Almost one-third of voters “know” that Barack Obama is a Muslim or believe that he could be.  —  In short, the political campaign to transform Mr. Obama into a Muslim is succeeding.
Maureen Dowd / New York Times:
Seeking a President Who Gives Goose Bumps?  So's Obama.  —  Now that he's finally fired up on the soup-line economy, Barack Obama knows he can't fade out again.  He was eager to talk privately to a Democratic ex-president who could offer more fatherly wisdom — not to mention a surreptitious smoke — and less fraternal rivalry.
Bonney Kapp / FOX Embeds:
Protesting Obama by Air  —  JACKSONVILLE, FL - Protesters are as common to the campaign trail as supporters - from those waving McCain signs at the entrance of events, to the more subtle passersby who flash the thumbs down gesture (or worse) along the motorcade route, to the occasional group that infiltrates and interrupts an event.
Kim Murphy / Los Angeles Times:
Alaskans angered that Palin is off-limits  —  Queries are directed through the McCain campaign machine.  Her political capital at home is eroding.  —  ANCHORAGE — Jerry McCutcheon went to Sarah Palin's office here last week to request information about the firing of former Public Safety …
 
 
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 More Items: 
CNN:
Will candidates' financial plans work?
Farhad Manjoo / Washington Post:
Gov.Palin@Hacked.Com  —  Sometime last Tuesday, an unknown …
Discussion: The Corner and NewsBusters.org
Charlotte Eby / Quad City Times:
Times polls: Obama leads Iowa, Illinois
Discussion: TPM Election Central
Jill Zuckman / The Swamp:
Palin to meet Kissinger, Uribe, Karzai
Discussion: TIME.com
Daily Mail:
Sarah Palin is as popular as Diana in the hearts of the American public
Discussion: USS Neverdock
Cernig / Crooks and Liars:
Make Stuff Up, Bomb Iran
Discussion: The Independent and Israel Matzav
 Earlier Items: 
Barry Ritholtz / The Big Picture:
Bill Moyers & Kevin Phillips on Bad Money
Discussion: The Moderate Voice
Robert Pear / New York Times:
Behind the Scenes, Teams for Both Candidates Plan for a Presidential Transition
Discussion: The Caucus
Aaron Bruns / FOX Embeds:
Obama's “Got A Problem” If He Tries to Take Biden's Guns
Rex Murphy / Globe and Mail:
The incredible shrinking Obama