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12:20 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 …
Ben Smith / Ben Smith's Blogs:
Bill's welcome  —  Introducing John McCain at the Clinton …
Discussion: Hot Air and The Swamp
Jill Zuckman / The Swamp:
McCain calls all hands on deck for crisis
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.
RELATED:
Big Tent Democrat / TalkLeft:
AP: BushCo To Accept Dem Plan
The Moderate Voice:   The Staggering Cynicism Of John McCain
Mike Soraghan / The Hill:
Congress nearing bailout deal
Discussion: AMERICAblog News
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.
RELATED:
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
Michael Isikoff / Newsweek:
Unsevered Ties?  —  Regulatory filings indicate that McCain campaign chief Rick Davis remains an officer with his lobbying firm.  —  Rick Davis, John McCain's campaign manager, has remained the treasurer and a corporate director of his lobbying firm this year, despite repeated statements …
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
David Goldman / CNNMoney.com:
Jobless claims soar near 7-year high  —  First economic report since financial meltdown shows initial unemployment claims rose by 7%, boosted by Hurricanes Gustav and Ike.  —  NEW YORK (CNNMoney.com) — In the first economic reading from the period since the Wall Street crisis erupted …
Discussion: New York Times
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: Towleroad.com and TIME.com
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
Dan Balz / Washington Post:
Selfless or Reckless?  McCain Gambles On Voters' Verdict  —  John McCain is a gambler by nature, and the bet he placed Wednesday may be among the biggest of his political life.  —  The Republican presidential nominee is hoping that his abrupt decision to suspend campaigning …
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
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
Bernard Simon / Financial Times:
House clears $25bn for carmakers  —  The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant modernisation at a time of restricted access to public capital ­markets.
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..
www.dcexaminer.com:
The Examiner endorses McCain-Palin  —  The Examiner endorses John McCain for president and his running mate, Sarah Palin, for vice president.  America is at war overseas and in an economic crisis here at home.  Many of her citizens believe the country is on the wrong track.
Discussion: Hot Air
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
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.
Mike Allen / The Politico:
Obama moving into electoral lead  —  State by state, Sen. Barack Obama (D-Ill). is showing signs of breaking open a presidential race that looked deadlocked through much of September.  —  A new wave of polls released Wednesday showed decisive leads for Obama in the critical states of Colorado, Michigan and Pennsylvania.
Discussion: MSNBC
SurveyUSA:
America's First Reaction: Friday's McCain-Obama Debate Should Still Be Held On Friday, But Perhaps With New Focus  —  Immediately after John McCain's announcement 3 pm ET today, Wednesday 09/24/08, that he was suspending his campaign and seeking to postpone Friday's schedule presidential debate …
WXYZ-TV:
WATCH THE POLL RESULTS IN THE VIDEO PLAYER ON THE RIGHT  —  The poll was conducted by EPIC MRA between September 20 and September 22, and features a sample of 406 people.  It has a margin of error of plus or minus 4.9%.  —  The poll found that if the election were held today 48% of people in Michigan would vote for Barack Obama.
Discussion: The Campaign Spot
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 …
John Kelly / Washington Post:
Hands Off the Horses, Massage Therapist Is Told  —  It used to be that when a horse was tense, stressed out from a day at work or fried from time spent in a hellacious commute, Mercedes Clemens was there to help.  The Gaithersburg massage therapist could lay her healing hands on the beast's body and unkink the knots.
Discussion: EconLog
 
 
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 More Items: 
Sheryl Gay Stolberg / New York Times:
Constituents Make Their Bailout Views Known
Discussion: Prairie Weather and Philly.com
Wall Street Journal:
Bailout Pact Gains Momentum Amid Push for Tough Controls
Discussion: Truthdig and Calculated Risk
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
George Soros / Financial Times:
Paulson cannot be allowed a blank cheque
Discussion: FT Alphaville
Nitya / Political Punch:
Barney Frank: White House “Photo Op” Designed to Help McCain
Discussion: Towleroad.com
Julia Duin / Washington Times:
Catholic book raises furor
Discussion: The Corner
 Earlier Items: 
Karl Rove / Wall Street Journal:
The First Debate Could Be Decisive
Reuters:
China banks told to halt lending to US banks-SCMP
Discussion: Balloon Juice
Victor Davis Hanson / The Corner:
Just a barking dog in the night
Jim Rutenberg / The Caucus:
Liberal PACs Ready Attack Ad on McCain's Health
Discussion: Townhall.com