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12:10 PM ET, September 30, 2008

memeorandum

 Top Items: 
David Brooks / New York Times:
Revolt of the Nihilists  —  In 1933, Franklin Roosevelt inherited an economic crisis.  He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done.  —  This generation of political leaders is confronting …
RELATED:
Nitya / Political Punch:
And What About Those 95 Democrats?  —  Yes, House Republicans didn't deliver many votes and 66% of them voted against the bill.  —  But considering that only a dozen votes needed to switch in order to provide a different outcome, and 95 Democrats in the House voted against it …
Megan McArdle:
The politics of the bill  —  There is no glory to go around here.  Assume, arguendo, that most people in the House believed both that the bill would be passed, and that anyone who voted for it would suffer politically, except maybe in New York.  —  Pelosi screwed up royally.  She is the Democratic Tom DeLay.
Wall Street Journal:
The Beltway Crash  —  Congress lives up to its 10% approval rating.  —  America has survived a feckless political class in the past, and it will again after this week.  But Monday's crash and burn of the Paulson plan on Capitol Hill reveals a Washington elite that has earned every bit of the disdain that Americans have for it.
Discussion: Washington Monthly
Jackie Calmes / New York Times:
In Bailout Vote, a Leadership Breakdown  —  WASHINGTON — The collapse of the proposed rescue plan for the teetering financial system was the product of a larger failure — of political leadership in Washington — at a moment when the world was looking to the United States to contain the cascading economic crisis.
Washington Post:
How the Numbers Failed the Leaders
Discussion: Townhall.com and Raising Kaine
Washington Post:
An Appeal and a Blame Game
Discussion: marbury
Ben Smith / Ben Smith's Blogs:
RNC ad, was cut, sent out before package failed  —  The Republican National Committee's new advertisement critical of the the Wall Street “bailout” was produced and sent to television stations in key states before the package failed, officials at two stations said.  —  “Wall Street Squanders our money.
RELATED:
CNN:
McCain: $700B plan is a ‘rescue’ effort, not a bailout
Associated Press:
Candidates propose raising deposit insurance limit
Discussion: Townhall.com and Atlas Shrugs
Jonathan Martin / Jonathan Martin's Blogs:
New RNC ad says Obama would make problem worse
Discussion: Weekly Standard
Roger Simon / The Politico:
Biden's strategy: Go easy on Palin  —  If Sarah Palin goofs, flounders, stumbles or blunders during her debate against Joe Biden on Thursday night, Biden is going to let it slide.  —  “If she makes a gaffe, he underplays it,” one of the people prepping Biden for his vice presidential debate told me.
RELATED:
Glenn Reynolds / Pajamas Media:
A READER AT A MAJOR NEWSROOM EMAILS: “Off the record, every suspicion you have about MSM being in the tank for O is true.  We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona.  Not a single one looking into Acorn, Ayers or Freddiemae.  Editor refuses to publish anything …
Anne / Nielsen Wire:
52.4 Million Watched McCain And Obama's First Debate  —  According to data from across 11 networks, the first presidential debate on September 26 between John McCain and Barack Obama drew 52.4 million viewers.  —  The TV audience for the first presidential debate of the 2008 election …
RELATED:
The Independent:
Dominic Lawson: Why should anyone trust Joe Biden?
Discussion: NewsBusters.org
New York Sun:
Ideal of the Scoop  —  Following are excerpts of remarks by the Editor of the Sun, Seth Lipsky, to the newspaper's staff:  —  It is my duty to report today that Ira Stoll and I and our partners have concluded that the Sun will cease publication.  Our last number will be the issue dated September 30, the first day of Rosh Hashanah.
Jacques Steinberg / New York Times:
With Brokaw as Elder Statesman, NBC Plans Future of ‘Meet the Press’  —  WASHINGTON — Sometime between Election Day and early December, NBC News will make a final decision about who will replace Tim Russert and his interim successor, Tom Brokaw, at the helm of “Meet the Press,” Steve Capus …
Discussion: Think Progress, Gawker and Althouse
Taegan Goddard's Political Wire:
Diageo/Hotline: Obama Surges in Battleground States  —  An early look at today's Diageo/Hotline tracking poll shows Sen. Barack Obama now holds a double-digit lead in key battleground states.  —  Among registered voters surveyed in Colorado, Michigan, New Hampshire, New Mexico, Florida …
Discussion: The Daily Dish, Donklephant and MyDD
Jeffrey A. Miron / CNN:
Commentary: Bankruptcy, not bailout, is the right answer  —  Editor's note: Jeffrey A. Miron is senior lecturer in economics at Harvard University.  A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.
Discussion: Babalu Blog and Silent Running
Dana Milbank / Washington Post:
A House Divided Along Twisted Lines  —  The bailout bill was going down to defeat on the House floor yesterday, and Democratic and Republican leaders were desperately trying to twist arms and change votes when a bipartisan group of backbenchers began to heckle them.
Discussion: Reason, Corrente and American Spectator
Marc Ambinder:
New AFL-CIO Mailer On Health Care  —  Here's the latest mail piece from the AFL-CIO.  It hits Sen. McCain on health care, and it'll be sent to more than a million union members across seven states, according to an AFL-CIO spokesperson.
Discussion: Ben Smith's Blogs
David Kurtz / Talking Points Memo:
IF AT FIRST YOU DON'T SUCCEED, SUSPEND AGAIN!  —  John McCain made the morning show rounds today.  On Fox they were virtually begging him to “suspend” his campaign again in the wake of the bailout failure yesterday on the Hill.  You know, since it worked out so well the first time.
Bob Herbert / New York Times:
When Madmen Reign  —  Madness.  —  I'm not holding my breath, but I would like to see the self-proclaimed conservative, small government, anti-regulation, free-market zealots step up and take responsibility for wrecking the American economy and bringing about the worst financial crisis since the Depression.
Jenny Lee-Adrian / Poughkeepsie Journal:
Errant e-mail costs GOP chief post  —  Dutchess County Republican Committee Chairwoman Corinne Weber has resigned over a chain e-mail she forwarded to party members, some of whom were offended by its content.  —  Weber forwarded an e-mail to more than two dozen Republicans on Friday night …
 
 
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 More Items: 
Myglesias / Matthew Yglesias:
The Paulson Crisis
Tyler Cowen / Marginal Revolution:
The best and worst case scenarios
Discussion: Real Time Economics
Los Angeles Times:
The green bubble bursts
Discussion: Opinion L.A.
Mark Murray / MSNBC:
FIRST THOUGHTS: WHO SHOULDN'T BE BLAMED
Discussion: Associated Press
Michael Scherer / Time:
The Bailout Defeat: A Political Credibility Crisis
Discussion: Swampland
Marc Ambinder:
Obama, McCain Endorse FDIC Guarantee Expansion
 Earlier Items: 
The Politico:
In light of the House vote rejecting the bailout, what now?
Brian M. Riedl / Heritage Foundation:
$700 billion bailout? You ain't seen nothin'
Discussion: Townhall.com
Ben Smith / Ben Smith's Blogs:
RNC: ‘Worse’  —  The Republican Party's independent expenditure arm …
Discussion: Washington Monthly and Hot Air
Washington Post:
Wall St. Problems Viewed as ‘Crisis’ in Latest Poll
Discussion: TalkLeft
Mona Charen / Real Clear Politics:
ACORN, Obama, and the Mortgage Mess
Discussion: Sister Toldjah
Victor Davis Hanson / The Corner:
A Defining Moment  —  The stage is set for someone to play Washington …
Discussion: Gateway Pundit and Hot Air
 

 
From Mediagazer:

BBC:
A Russian court convicts Evan Gershkovich of espionage and sentences him to 16 years in prison; Wall Street Journal calls the trial a “sham”

Alexandra Canal / Yahoo Finance:
Netflix said India brought in the second-highest net subscriber additions in Q2 and was the third highest-country in revenue growth

Rick Porter / The Hollywood Reporter:
Nielsen: the Republican National Convention's final night averaged 25.38M US viewers over 14 outlets, up 7% from 2020; people 55+ were about 72% of the audience

 
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