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1:40 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 …
Mark R. Levin / The Corner:
Thank You, House Republicans  —  I have read the posts here and elsewhere.  Sometimes these things are made to look more complicated than they really are.  From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts …
Discussion: protein wisdom
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.
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:
Ben Smith / Ben Smith's Blogs:
RNC: ‘Worse’  —  The Republican Party's independent expenditure arm …
Discussion: Washington Monthly and Hot Air
Jonathan Martin / Jonathan Martin's Blogs:
McCain hits shows, pushes bailout
CNN:
McCain: $700B plan is a ‘rescue’ effort, not a bailout
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:
Blake Hounshell / FP Passport:
Why more briefings won't help Sarah Palin  —  Adam Nagourney has a good story in the New York Times about growing Republican fears that Sarah Palin, the GOP's vice presidential nominee, is going to crash and burn in Thursday's debate with Democrat Joe Biden.
Ryan Corsaro / CBS News:
Biden Focuses on Debate Prep, Mishears Question on Rejection of Bailout Bill
Andrew Malcolm / Top of the Ticket:
After Sarah Palin VP debate, Joe Biden to step aside for Hillary Clinton?
Discussion: Washington Post
Mark Silva / The Swamp:
Obama-McCain debate: TV also-rans
Discussion: TIME.com
MarketBeat:
Overnight-Lending Markets Still Flashing Red  —  Min Zeng and Mark Gongloff report.  —  If you only watch the stock market, where the Dow was recently up more than 250 points, you might get the mistaken impression all is well with the world on the Tuesday after the latest Black Monday.
RELATED:
Ezra Klein / American Prospect:
STATE OF THE CREDIT MARKETS.  —  As an unsettling follow-up to the previous post, the credit markets are, as the Wall Street Journal puts it, blinking red.  And it's worth being clear on what this means.  Wall Street is Wall Street.  It remains primarily a playground for the wealthy.
Tyler Cowen / Marginal Revolution:
The best and worst case scenarios
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.
RELATED:
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.
Jeffrey M. Jones / Gallup:
Bush's Approval Rating Drops to New Low of 27%  —  Decline of 4 points since financial crisis intensified  —  PRINCETON, NJ — According to a Sept. 26-27 USA Today/Gallup poll, just 27% of Americans approve of the job George W. Bush is doing as president, the lowest rating of his presidency.
Discussion: Slog
RELATED:
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.
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 …
Steve / Nielsen Wire:
McCain And Obama Highs And Lows From Debate Dial Tests  —  During the first presidential debate on September 26, Barack Obama's comments on oil independence, health care, the Iraq War, and Al Qaeda drew the most positive responses from a panel of uncommitted, registered voters who allowed CBS …
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.
 
 
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 More Items: 
Ben Smith / Ben Smith's Blogs:
Hugo of Arabia?  —  A Democrat sends over this clip …
Eric Dash / New York Times:
With Wachovia Sale, the Banking Crisis Trickles Up
Discussion: JustOneMinute
Jane Hamsher / Firedoglake:
GOP In Disarray, Won't Follow McCain
Discussion: Boston Herald
Myglesias / Matthew Yglesias:
The Paulson Crisis
Los Angeles Times:
The green bubble bursts
Discussion: Opinion L.A.
Mark Murray / MSNBC:
FIRST THOUGHTS: WHO SHOULDN'T BE BLAMED
Taegan Goddard's Political Wire:
Diageo/Hotline: Obama Surges in Battleground States
Discussion: The Daily Dish and Donklephant
 Earlier Items: 
Brian M. Riedl / Heritage Foundation:
$700 billion bailout? You ain't seen nothin'
Discussion: Townhall.com
Jenny Lee-Adrian / Poughkeepsie Journal:
Errant e-mail costs GOP chief post
Mona Charen / Real Clear Politics:
ACORN, Obama, and the Mortgage Mess
Discussion: Sister Toldjah
Bob Herbert / New York Times:
When Madmen Reign
 

 
From Mediagazer:

Matthew Weaver / The Guardian:
The BBC cancels a planned Boris Johnson interview after presenter Laura Kuenssberg says she accidentally sent the former UK prime minister her briefing notes

Kyle Wiggers / TechCrunch:
Google rolls out AI-organized Search results in the US on mobile, showing users AI-aggregated pages of content from forums, articles, YouTube videos, and more

Sarah Perez / TechCrunch:
YouTube unveils Shorts updates, including letting creators upload three-minute videos, updating the Shorts player, introducing templates, and a new trends page

 
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