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3:40 AM ET, September 24, 2008

memeorandum

 Top Items: 
New York Times:
McCain Aide's Firm Was Paid by Freddie Mac  —  WASHINGTON— One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.
RELATED:
Jennifer Parker / Political Radar:
Stephanopoulos: McCain Holds Key to Administration's Bailout Passage on Capitol Hill  —  ABC News' George Stephanopoulos reports: If Republican presidential candidate Sen. John McCain doesn't vote for the Bush administration's $700 billion economic bailout plan, some Republican …
RELATED:
The Politico:
House GOP rises up against Cheney  —  There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill.  —  That time is gone.  —  House Republicans rose up en masse against their vice president on Tuesday morning to blast an administration proposal …
Discussion: DownWithTyranny! and Balloon Juice
Sam Youngman / The Hill:
Gingrich urges vote against ‘stupid’ Paulson plan
Discussion: Buck Naked Politics and Daily Kos
Andy Glass / The Crypt's Blogs:
Gingrich: McCain should make bailout ‘Obama-Bush’ plan
Discussion: The Swamp
Matthew Benjamin / Bloomberg:
Americans Oppose Bailouts, Favor Obama to Handle Market Crisis  —  Sept. 24 (Bloomberg) — Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis.  —  By a margin of 55 percent to 31 percent …
Discussion: The Moderate Voice and Eunomia
RELATED:
Pew Research Center:
57% of Public Favors Wall Street Bailout  —  Obama Seen As Better Able to Address Crisis  —  By a margin of almost two-to-one the American public thinks the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure.
Patrick Healy / The Caucus:
Obama Says Bailout Should Include 4 Conditions
Discussion: CNN, Weekly Standard and New York Times
Washington Post:
Economic Fears Give Obama Clear Lead Over McCain in Poll  —  Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain …
Emptywheel:
Bush Mouthpiece Admits: They've Been Sitting on this Plan  —  Hidden in an article reporting that Cheney's going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time: … Which raises three questions for me:
RELATED:
Scott Conroy / CBS News:
Palin Camp Goes To New Lengths To Shut Out Media  —  From CBS News' Scott Conroy:  —  (NEW YORK) Update: After media outlets complained to the McCain/Palin campaign about its attempt to prevent an editorial presence at Gov. Palin's first meeting of the day, a pool producer was allowed …
RELATED:
Peter Hamby / CNN:
McCain camp tries to keep reporters out of Palin meetings
Jeffrey Goldberg:
What is the McCain Camp Hiding?
Discussion: News Hounds and Liberal Values
Andrew Taylor / Associated Press:
Democrats to let offshore drilling ban expire  —  WASHINGTON - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
Paul Slansky / The Huffington Post:
A Note to Bill Clinton  —  Given that we would never have had the odious George W. Bush in the White House in the first place if it wasn't for your blow jobs, Bill, it seems obvious that you owe it to the people of this country, and especially to the parents whose kids died in the Iraq War …
Discussion: NewsBusters.org
RELATED:
Gawker:
Chris Rock To Bill Clinton: ‘Hillary Lost!’  —  As in his appearance on the View, Bill Clinton offered the most tepid support possible for Barack Obama's presidential ticket on David Letterman's Late Show last night.  After repeatedly invoking his vanquished wife Hillary …
Discussion: Open Left and Amygdala
Allahpundit / Hot Air:
Heart-ache: Tiny terrorist gives Bush speech thumbs down at the UN; Update: Obama rips UN, Ahmadinejad  —  A spontaneous gesture of disapproval?  Hardly.  ABC caught him waving at the White House press corps intermittently to get their attention.  He may be a cretin, but he's a media-savvy cretin.
RELATED:
Victor Davis Hanson / The Corner:
And the Media Worries about Palin's Experience and McCain's Age?  —  I think in the space of about the last 24 hours, Joe Biden claimed that the AIG bailout was bad, but then said it wasn't bad;  —  that his apology about the dirty McCain ad was, as they say, inoperative;
Monica Mercer / Chattanooga Times Free Press:
Chattanooga: UT student not indicted in Palin e-mail hacking case … A federal grand jury in Chattanooga ended its session around lunch time today without indicting a University of Tennessee student who authorities believe may have hacked into vice presidential candidate Sarah Palin's personal e-mail account.
Joseph Curl / Washington Times:
269 tie: An electoral college ‘doomsday’?  —  Scholars speculate on scenario  —  President Obama, with Vice President Palin?  President Biden?  President Pelosi?  Call them the “Doomsday” scenarios — On Nov. 5, the presidential election winds up in a electoral-college tie, 269-269 …
Brian Ross / ABCNEWS:
‘Grim’ Afghanistan Report To Be Kept Secret by US  —  “No Plans to Declassify” New National Intelligence Estimate for White House  —  US intelligence analysts are putting the final touches on a secret National Intelligence Estimate (NIE) on Afghanistan that reportedly describes the situation as …
Mark Krikorian / The Corner:
Credit Is Not a Civil Right  —  I have no way of judging whether the Wall Street bailout is a necessary evil or an impending disaster.  But we're in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people …
Discussion: Salon and Whiskey Fire
Henry Blodget / The Huffington Post:
Bernanke and Paulson: Here's Why We're Screwing You  —  At today's Wall Street Bailout Hearings, we finally learned what Hank Paulson and Ben Bernanke are thinking.  Specifically, we learned what prices they plan to pay for the crap assets they're buying (more than they're worth).
Greg Sargent / TPM Election Central:
Obama Dramatically Ramping Up Overall Ad Spending; Now Outgunning McCain  —  In a sign that the Obama campaign is getting serious about tapping his financial advantage over McCain with six weeks to go, Obama's overall spending on TV ads has jumped 50% in the last two weeks …
Ben White / New York Times:
Goldman to Raise Capital, With $5 Billion From Buffett  —  Warren E. Buffett, the country's most famous investor and one of the world's richest men, announced on Tuesday that he would invest $5 billion in Goldman Sachs, the embattled Wall Street titan, in a move that could bolster confidence in the financial markets.
Discussion: THE ASTUTE BLOGGERS
Cincinnati.com:
If Ohio polling looks like Chicago, ‘thank’ Brunner  —  Secretary of State Jennifer Brunner has a reputation as the most partisan state official in Ohio.  And she works hard to earn it.  The Democrat's latest stunt rejected absentee ballots for thousands of Republicans.  —  But it's not her first rodeo.
Media Matters for America:
Time 's Carney claimed new McCain ad — which contains falsehoods — is “[l]egitimate” and “entirely within bounds”  —  In a September 23 post on Time.com's Swampland blog headlined “McCain's Legitimate Attack,” Time Washington bureau chief Jay Carney wrote that “what's important” …
Michelle Malkin:
Michelle Obama thanks me  —  Just seeing if you're awake.  —  Hee.  —  Actually, Michelle Obama really did thank me — in her mass e-mail, which has now been sent to me twice, urging the Obama cultists to watch her video promoting The One's first presidential debate.
New York Times:
For Palin in New York, a Predebate Introduction to Motorcade Diplomacy  —  Gov. Sarah Palin of Alaska met her first head of state on Tuesday as she crisscrossed New York City receiving foreign policy tutorials in advance of her debate next week with Senator Joseph R. Biden Jr., the chairman of the Senate Foreign Relations Committee.
Ben Smith / Ben Smith's Blogs:
Obama: ‘Stem Cell’  —  The Obama campaign hasn't released this radio ad to the press, though readers say it's running in (at least) Colorado, Ohio, and Virginia.  —  But the McCain campaign sends over a copy, calling it “incredibly misleading,” a conclusion Jake Tapper more or less shares.
SilentPatriot / Crooks and Liars:
Chuck Schumer to Sec. Paulson: Why $700 billion?  Why not $150 billion?  —  OK... I know asking for only $150 billion is kind of ridiculous but why should Congress commit a whopping $700 billion to the Treasury without knowing how that money will be spent?  Sen. Chuck Schumer asked Secretary Paulson …
Discussion: Buck Naked Politics and The RBC
 
 
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 More Items: 
The Seminal:
Awaiting Your Correspondance - Important Business Matter
Myglesias / Matthew Yglesias:
Why Is There Something Rather Than Nothing?
Discussion: Outside The Beltway
 Earlier Items: 
Jonah Goldberg / The Corner:
Count me Out of the Bailout  —  Sorry for the radio silence.
Discussion: Wizbang
Jonathan Chait / The New Republic:
Obama's Michigan Attack
Discussion: Swampland
Ben Smith / Ben Smith's Blogs:
McCain in Indiana? [CORRECTED]
Discussion: MyDD and Daily Kos
Times of London:
CEO murdered by mob of sacked Indian workers