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7:15 PM ET, September 21, 2008

memeorandum

 Top Items: 
Matt Stoller / Open Left:
Yes, There Are Deeply Angry Democratic Members of Congress  —  This email is from a lawmaker and it should give you a flavor for what's going on right now in Congress.
RELATED:
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 …
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 …
Newt Gingrich / The Corner:
Before D.C. Gets Our Money, It Owes Us Some Answers  —  Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening.  —  We are being told Treasury Secretary Henry Paulson has a plan which will shift $700 billion in obligations from private companies to the taxpayer.
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.
Meena Thiruvengadam / Wall Street Journal:
Paulson Presses Congress to Act On $700 Billion Bailout Plan
Discussion: MyDD
Jonathan Weisman / Washington Post:
Campaigns Beef Up Economic Teams in Face of Crisis
Discussion: The Caucus, Althouse and TIME.com
Frank James / The Swamp:
Obama: No blank check for Wall St  —  CHARLOTTE, N.C. - In his first comments about a $700 billion government bailout package meant to help stabilize Wall Street, Sen. Barack Obama on Sunday stopped short of saying whether he supports the proposal, as he laid out some broad economic goals he believes such a plan should include.
Discussion: TIME.com
RELATED:
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
Myglesias / Matthew Yglesias:
The Record  —  Ali Frick rounds up the record of Bush administration financial mismanagement in the inimitable Think Progress style.  Remember when $5.1 billion in expenses for Iraq reconstruction were charged with no documentation?  Or the “widespread” waste and mismanagement on the millions of dollars spent on Katrina recovery?
Discussion: Economists for Obama
RELATED:
Yuval Levin / The Corner:
The Bailout  —  Everyone should read the actual text of the proposed bailout plan the administration is sending to Congress.  It's clearly not a final version (the part about only purchasing from financial institutions headquartered in the US has already been changed, as Kathryn notes below) …
Discussion: The Caucus
Gateway Pundit:
FBI ACTS!!!... SERVES (suspected) PALIN HACKER DAVID KERNELL WITH SEARCH WARRANT!!  —  Bummer... Feds break up a party to serve University of Tennessee student David Kernell with a search warrant!  —  A court date was set for this week.  —  David is a self-described Obamacrat …
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.
Stephen F. Hayes / Weekly Standard:
Democrats and Double Standards  —  Obama's not-so-secret weapon: the media.  —  When Barack Obama announced his presidential candidacy in Springfield, Illinois, on February 10, 2007, he promised to change the practice of American politics. … Obama told the crowd on that chilly day that he was running …
CNN:
Interview With Obama, McCain Economic Advisers; Interview With Ron Paul  —  THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.  —  WOLF BLITZER, HOST: This is LATE EDITION, the last word in Sunday talk.  —  BLITZER: A roller coaster week on Wall Street.
Discussion: Top of the Ticket
Matt Stoller / Open Left:
An Anonymous Lawmaker Diagrams the High Stakes Chicken in the House  —  Another email. … Ouch.  —  If anyone out there is good with diagramming software it'd be a neat picture to put together.
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.
Dexter Filkins / New York Times:
Back in Iraq, Jarred by the Calm  —  BAGHDAD — At first, I didn't recognize the place.  —  On Karada Mariam, a street that runs over the Tigris River toward the Green Zone, the Serwan and the Zamboor, two kebab places blown up by suicide bombers in 2006, were crammed with customers.
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
 
 
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 More Items: 
Myglesias / Matthew Yglesias:
Hurry!  Hurry!  —  Bush and Paulson say congress needs to rush …
Discussion: Associated Press
Cernig / Newshoggers.com:
A Letter To Congress  —  Sean Paul Kelly at the Agonist …
Discussion: The Agonist and The Impolitic
NY Daily News:
Mac and I had tropical heat in Rio, says ex
CNN:
Will candidates' financial plans work?
Farhad Manjoo / Washington Post:
Gov.Palin@Hacked.Com  —  Sometime last Tuesday, an unknown …
Discussion: The Corner and The Other McCain
Charlotte Eby / Quad City Times:
Times polls: Obama leads Iowa, Illinois
Discussion: TPM Election Central
 Earlier Items: 
Daily Mail:
Sarah Palin is as popular as Diana in the hearts of the American public
Discussion: USS Neverdock
Mike Allen / The Politico:
43 days - Stephanopoulos: “The era of big government is back”
Bonney Kapp / FOX Embeds:
Protesting Obama by Air
Rex Murphy / Globe and Mail:
The incredible shrinking Obama
 

 
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Kurt Schlosser / GeekWire:
Jeff Bezos, who ended the WaPo endorsing political candidates, congratulates Donald Trump on his “political comeback and decisive victory” in a rare X post

Todd Spangler / Variety:
In his second term, Trump may replace top FTC and DOJ officials who have chilled dealmaking, making 2025 a breakout year for media mergers and acquisitions

Charlotte Tobitt / Press Gazette:
In a letter to a UK parliamentary committee, the FT says news organizations are forced to accept Google's AI crawlers due Googlebot's presence on most websites

 
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