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1:15 PM ET, September 25, 2008

memeorandum

 Top Items: 
Nitya / Political Radar:
Bill Clinton: Don't ‘Overly Parse’ McCain Request to Delay Debate  —  ABC News' Nitya Venkataraman Reports: Former President Bill Clinton defended Sen. John McCain's request to delay the first presidential debate, saying McCain did it in “good faith” and pushed organizers to reserve …
RELATED:
Myglesias / Matthew Yglesias:
Thought of the Day  —  It sure was nice of Bill Clinton to put important national concerns above petty partisanship by agreeing to host a John McCain campaign speech and help the GOP nominee burnish his bipartisan credentials.  You might think a former President would be so committed …
Noel Sheppard / NewsBusters.org:
Fox News Blames Democrats for Financial Crisis, Bill Clinton Agrees
Discussion: Hot Air
Jill Zuckman / The Swamp:
McCain calls all hands on deck for crisis
Hillary Rodham Clinton / Wall Street Journal:
Let's Keep People In Their Homes  —  There is a broad consensus that Congress must act to stave off deeper turmoil on Wall Street.  Irrespective of the final agreement yet to be reached, there are several principles that must be part of a broader reform effort that begins this week and continues in the coming months.
RELATED:
Taegan Goddard / Political Insider:
Is McCain Preparing to Vote Against the Bailout Bill?  —  Last night around 8:30 p.m., Sen. Barack Obama and Sen. John McCain released a “joint statement” pertaining the the crisis in the financial markets: … However, the Obama campaign also released a “set of principles” that Obama wanted McCain to support.
James K. Galbraith / Washington Post:
A Bailout We Don't Need  —  Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley — have disappeared or morphed into regular banks, a question arises.  —  Is this bailout still necessary?  —  The point of the bailout …
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Frank Ahrens / Washington Post:
Bailout Could Deepen Crisis, CBO Chief Says  —  Asset Sales May Lead to Write-Downs, Insolvencies, Orszag Tells Congress  —  The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.
David M. Herszenhorn / New York Times:
Lawmakers Seem Near Deal on Bailout  —  WASHINGTON — Lawmakers indicated Thursday that they were close to hashing out an agreement on a proposed $700 billion bailout of the financial system, hours before a meeting at the White House to complete the deal.  —  After Congressional staff members …
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Campbell Brown / CNN:   Brown: White House caught napping
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Mary Ann Akers / Washington Post:
Third Party Candidates Want McCain's Debate Spot
Mark Finkelstein / NewsBusters.org:
Schieffer: Paulson Pleaded for McCain to Save Bailout  —  So much for a “stunt.”  —  John McCain got involved in the bailout negotiations after Treasury Secretary Henry Paulson told Sen. Lindsey Graham yesterday that the bailout plan would fail unless McCain came in and brought balky Republicans aboard.
Garance Burke / Associated Press:
Palin once blessed to be free from ‘witchcraft’  —  ANCHORAGE, Alaska (AP) — A grainy YouTube video surfaced Wednesday showing Sarah Palin being blessed in her hometown church three years ago by a Kenyan pastor who prayed for her protection from “witchcraft” as she prepared to seek higher office.
RELATED:
Andrew Sullivan / The Daily Dish:
The Anointing Of Palin  —  Even I am a little shocked by this video from Palin's church.
Discussion: Washington Monthly
Josh Wolk / EW.com:
Jon Stewart and Stephen Colbert: Mock the Vote  —  With just five weeks left until election day, our favorite pundits discuss the power of Sarah Palin, why TV news is about as credible as Muzak, and whether Barack Obama is going to be “sworn in on a gay baby”
Discussion: TIME.com and Towleroad.com
Chicago Sun Times:
Obama grant being probed  —  A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports …
Discussion: Michelle Malkin and Hot Air
Julia / Campaign Silo:
if it's Thursday, this must not be DC  —  Senator McCain, who was not in Washington fixing the economy last night, is not in Washington fixing the economy again this morning.  He's introducing this morning's session on energy issues right now at the Clinton Global Initiative Summit here in midtown Manhattan …
Discussion: Firedoglake and Lance Mannion
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Andrew Sullivan / The Daily Dish:
Palin, Muthee And The “Israelites”  —  If you go to 1:20 into this Youtube, you will hear Muthee, who later anointed Palin, say the following words in Palin's presence: … Sure they vetted her.
Discussion: Ben Smith's Blogs and Slog
David Levinson Wilk / The Politico:
Times puzzle is clueless about McCain  —  On Jan. 8, 2005, I purposefully and unapologetically became the first person to ever construct a crossword puzzle for The New York Times that featured this five-letter answer:  —  OBAMA.  —  Earlier this week, Steve Schmidt, John McCain's senior campaign adviser …
Discussion: Gawker, The E&P Pub and Wonkette
Dennis B. Roddy / Pittsburgh Post-Gazette:
Exonerated Marine to sue Rep. Murtha  —  One of the Marines cleared in the killings of Iraqi civilians in the town of Haditha plans to sue his congressman today for statements he says defamed him and other members of his squad.  —  Former Marine Lance Cpl. Justin Sharratt, 24, of Canonsburg …
Discussion: Michelle Malkin
Ellen Miller / Sunlight Foundation:
Finance Industry Giving Visualized  —  Wonder just how Wall Street has become so influential on Capitol Hill that it can command the attention of the federal government from the President on down?  The answer isn't only in how gyrations in the stock market may affect the real economy.
Discussion: techPresident
Ben Smith / Ben Smith's Blogs:
Palin and Couric  —  Full transcript after the jump.  This is a rough bit:
Shannen Coffin / The Corner:
Is There Risk in McCain's Suspension?  —  The consensus here seems to be that there is little risk in McCain's suspension of his campaign, and the promise of great reward.  But I wonder whether there isn't some serious risk.  This Politico story seems to suggest that Democrats are starting …
Discussion: The Right Coast
USA Today:
Lobbyists in ‘feeding frenzy’  —  WASHINGTON — The financial services industry, which has spent billions on lobbying and campaign contributions over the last decade, is scrambling to make its case for a proposed $700 billion bailout plan amid deep public skepticism.
Discussion: Matthew Yglesias
Paul Krugman:
A sneaking suspicion  —  So now the whole rationale for the plan is “price discovery”: we're going to throw lots of taxpayer funds into the pot because that will let us find the true values of troubled assets, which are higher than the fire sale prices out there, and so balance sheet will improve, confidence will return, etc, etc..
William Kristol / Weekly Standard:
Can McCain Thread the Needle?  —  Here's the situation we McCain-sympathizing/Paulson-plan- skeptics/populist-inclined/but we've-got-to-be-responsible-in-a- crisis types face: … McCain will throw his weight behind it and help get it through.  But he will also makes clear that, as president …
John Dickerson / Slate:
JOHN MCCAIN'S LATEST CRAZY, BRILLIANT, DESPERATE CAMPAIGN TACTIC.  —  John McCain has launched his second Hail Mary pass in a month.  On Wednesday he called for a suspension of the presidential campaign—no events, no ads, and no debate Friday—so that he and Barack Obama can head to Washington to forge a bipartisan solution.
 
 
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 More Items: 
Martin Kady II / The Crypt's Blogs:
History arrives in the gilded chamber
Randyj / TIME.com:
Florida Funny  —  The Page challenges you not to laugh …
Jennifer Rubin / Commentary:
Let McCain Be McCain
Discussion: The Corner and The Hill
David Goldman / CNNMoney.com:
Jobless claims soar near 7-year high
Discussion: New York Times
Julia Duin / Washington Times:
Catholic book raises furor
Discussion: The Corner
Karl Rove / Wall Street Journal:
The First Debate Could Be Decisive
 Earlier Items: 
Reuters:
China banks told to halt lending to US banks-SCMP
Discussion: Balloon Juice
WXYZ-TV:
WATCH THE POLL RESULTS IN THE VIDEO PLAYER ON THE RIGHT
Discussion: The Campaign Spot
Victor Davis Hanson / The Corner:
Just a barking dog in the night
Mike Allen / The Politico:
Obama moving into electoral lead
Discussion: MSNBC
Jim Rutenberg / The Caucus:
Liberal PACs Ready Attack Ad on McCain's Health
Discussion: Townhall.com and JammieWearingFool
www.dcexaminer.com:
The Examiner endorses McCain-Palin
Discussion: Hot Air