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9:30 AM ET, September 23, 2008

memeorandum

 Top Items: 
George F. Will / Washington Post:
McCain Loses His Head  —  “The queen had only one way of settling all difficulties, great or small.  ‘Off with his head!’ she said without even looking around.”  —  Under the pressure of the financial crisis, one presidential candidate is behaving like a flustered rookie playing in a league too high.
Stanley Kurtz / Wall Street Journal:
Obama and Ayers Pushed Radicalism On Schools  —  Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience.  From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until 2001.
Wall Street Journal:
Blame Fannie Mae and Congress For the Credit Mess  —  Many monumental errors and misjudgments contributed to the acute financial turmoil in which we now find ourselves.  Nevertheless, the vast accumulation of toxic mortgage debt that poisoned the global financial system was driven …
Discussion: Betsy's Page and Cafe Hayek
RELATED:
Bloomberg:
McCain Transition Head Lobbied for Freddie Mac Before Takeover
Discussion: Talking Points Memo
Agence France Presse:
McCain campaign savages New York Times
Discussion: Townhall.com and All Spin Zone
Stephen J. Dubner / Freakonomics:
John Steele Gordon on the Financial Mess: Greed, Stupidity …
Ben Smith / The Politico:
McCain camp criticism rife with errors  —  Sen. John McCain's top campaign aides convened a conference call today to complain of being called “liars.”  They pressed the media to scrutinize specific elements of Sen. Barack Obama's record.  —  But the call was so rife with simple …
RELATED:
David Weigel / Reason:
Ron Paul's Presidential Endorsement.  For Real, This Time.  —  Two weeks after his “third party alliance” press conference, three weeks after the Rally for the Republic, Ron Paul finally dives in and endorses a presidential candidate.  This guy.  —  Paul's reasoning had a lot to do with Bob Barr's snub of the third party presser.
RELATED:
Jesse Benton / Ron Paul's Campaign For Liberty:
A New Alliance - By Dr. Ron Paul
Discussion: Donklephant and Wonkette
Bob Herbert / New York Times:
A Second Opinion?  —  Does anyone think it's just a little weird to be stampeded into a $700 billion solution to the worst financial crisis since the Great Depression by the very people who brought us the worst financial crisis since the Great Depression?  —  How about a second opinion?
Discussion: Prometheus 6
RELATED:
New York Times:   The $700 Billion Question  —  HENRY PAULSON, the Treasury secretary …
Jim Snyder / The Hill:
Lobbyists seek change to language  —  Lobbying on the rescue plan for Wall Street intensified Monday as the package moved to Congress, giving advocates another avenue to alter the language in ways favorable to their clients.  —  Up to now, the actions to stem the financial calamity …
RELATED:
Washington Post:
Bush Urges Quick Passage of Bailout Package
Discussion: The Nation
Dr. Rusty Shackleford / The Jawa Report:
Ethan Winner Responds: Claims He Produced Video  —  Ethan Winner responds.  Written like a VP in a public relations firm that specializes in crisis management and grassroots organization.  I'll post the whole thing below.  —  He produced the video?  He paid for the voice-over narration which he found through a talent agency?
Marcia Kramer / WCBS-TV:
Anti-Iran Rally Turns Into Anti-Obama Rally  —  Jewish Groups Furious That Protest Against Ahmadinejad Was, At Times, A Pro-Palin, Bash-The-Dems Affair  —  NEW YORK (CBS) ― Politics and diplomacy were not a good mix at Monday's protest rally against Iran at the United Nations.
Megan McArdle:
How close was the financial system to melting down?  —  I do not work for the Treasury, the Fed, or an investment house, so take this for what it's worth.  But my understanding is really, frighteningly close.  Remember the monster that lived under your bed when you were five?  Actually, mine lived in the closet.
Natalie Gewargis / Political Punch:
Sitting Room Only for Obama in Green Bay  —  Sen. John McCain, R-Ariz., and Alaska Gov. Sarah Palin packed the house last week in Green Bay, Wis., at the Resch Center.  —  Not so today in the same arena with Sen. Barack Obama, D-Ill., as ABC News' Sunlen Miller captured in these photos.  — jpt
Discussion: The Campaign Spot
Media Matters for America:
Limbaugh repeats baseless Obama smear: “He's Arab. ...  [H]e's not African-American”  —  On the September 22 broadcast of his syndicated radio show, Rush Limbaugh baselessly claimed that Sen. Barack Obama is “not black,” and went on to ask: “Do you know he has not one shred of African-American blood?”
Natalie Gewargis / Political Punch:
The Story Behind Biden's Emergency Helicopter Landing in Afghanistan  —  “Ladies and gentlemen, where are we now?  Where are we now?”  Sen. Joe Biden, D-Del., said to the National Guard Association today, talking about the war in Afghanistan.  —  “If you want to know where Al Qaeda lives …
Dana Hedgpeth / Washington Post:
$13 Billion in Iraq Aid Wasted Or Stolen, Ex-Investigator Says  —  A former Iraqi official estimated yesterday that more than $13 billion meant for reconstruction projects in Iraq was wasted or stolen through elaborate fraud schemes.  —  Salam Adhoob, a former chief investigator …
Allahpundit / Hot Air:
Biden on Obama's e-mail ad: “I thought that was terrible”  —  Skip ahead to 4:05.  For the second time in three days, Greasy Joe proves himself one of America's most effective anti-Obama advocates.  —  I hope you appreciate his nuance, at least, in hinting that Obama didn't approve an ad that ended with …
CNN:
CNN Poll: GOP takes brunt of blame for economy, Obama gains  —  WASHINGTON (CNN) - A new CNN/Opinion Research Corporation Poll suggests that by a 2-to-1 margin, Americans blame Republicans over Democrats for the financial crisis that has swept across the country the past few weeks …
Katharine Q. Seelye / New York Times:
A Scrappy Fighter, McCain Honed His Debating Style in and Out of Politics  —  Senator John McCain, the Republican presidential nominee, heads into the first debate on Friday with a track record as a scrappy combatant and the instincts of a fighter pilot, prepared to take out his opponent and willing to take risks to do so.
Christopher Hayes / The Nation:
Bailout Satire  —  Add your own toxic holdings to the big s**tpile here.  —  I almost missed this email because it was diverted to my spam folder.  But apparently Paulson is sending this around:
Paul Krugman:
Daddy doesn't know best  —  I've had more time to read the Dodd proposal — and it is a big improvement over the Paulson plan.  The key feature, I believe, is the equity participation: if Treasury buys assets, it gets warrants that can be converted into equity if the price of the purchased assets falls.
Washington Post:
Obama, McCain In Tight Race in Va., Poll Shows  —  Sens. Barack Obama and John McCain are locked in an extremely competitive race for Virginia's 13 electoral votes amid widespread public anxiety over the economy and the direction the country is heading, according to a new Washington Post-ABC News poll.
 
 
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 More Items: 
Brian O'Keefe / Fortune:
Here comes $500 oil  —  If Matt Simmons is right …
Christine Hurt / Conglomerate:
Random Thoughts on the Financial State of Affairs
UPI:
Poll: Palin helping GOP with women
Discussion: Commentary
Ace / Ace of Spades HQ:
Shock: Daily Kos Diary Asking Readers to Send Video to Ten Friends …
Jeffrey / ArmsControlWonk:
START: Dead Treaty Walking
iowahawk:
Council Demands Palin Ouster from Fallout Shelter
 Earlier Items: 
The Current:
Not Buying It  —  Why Secretary Paulson's plan to bail …
Discussion: The Volokh Conspiracy
Naomi Klein / The Huffington Post:
Now is the Time to Resist Wall Street's Shock Doctrine
Discussion: solutionsday2008.com