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4:25 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 …
Ryan Grim / The Crypt's Blogs:
House GOP leadership mocked by Rush
Discussion: RushLimbaugh.com and Townhall.com
Mark R. Levin / The Corner:
Thank You, House Republicans
Discussion: protein wisdom
Bill Sammon / Fox News:
Unlike Clinton, Biden Gets Pass for Saying He Was ‘Shot At’ in Iraq  —  When Hillary Clinton told a tall tale about “landing under sniper fire” in Bosnia, she was accused of “inflating her war experience” by Barack Obama's campaign — but the campaign has been silent about Joe Biden telling …
RELATED:
Andrew Malcolm / Top of the Ticket:
After Sarah Palin VP debate, Joe Biden to step aside for Hillary Clinton?  —  It's been one of the most persistent rumors on the internet since John McCain smartly snuffed Barack Obama's convention afterglow by doing what the Democrat considered and rejected: naming a woman as his vice presidential partner.
Discussion: Washington Post
CBS News:
Palin On Biden Age Comment  —  Exclusive: Sarah Palin explains a facetious comment she made about Joe Biden's years in the Senate.  Watch Katie Couric's interview with Sarah Palin tonight on the CBS Evening News.
Discussion: Washington Monthly and Emptywheel
Ryan Corsaro / CBS News:
Biden Focuses on Debate Prep, Mishears Question on Rejection of Bailout Bill
Discussion: Weekly Standard
Tyler Cowen / Marginal Revolution:
The best and worst case scenarios  —  The best case scenario: The bad banks continue to be bought up, there is no run on hedge funds next Tuesday, only mid-sized European banks fail, money market funds keep on buying commercial paper, and the Fed and Treasury continue to operate on a case-by-case basis.
RELATED:
MarketBeat:
Overnight-Lending Markets Still Flashing Red
Ezra Klein / American Prospect:   STATE OF THE CREDIT MARKETS.
Megan McArdle:
What am I so afraid of?  —  Tyler Cowen lays it out:
Discussion: Donklephant
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:
Gallup:
Gallup Daily: Obama Holds 6-Point Lead  —  Two weeks since McCain's had any advantage in voter preferences  —  PRINCETON, NJ — Barack Obama continues to hold a significant lead over John McCain in Gallup Poll Daily tracking, 49% to 43%.  —  This is based on interviewing conducted Sept. 27-29 …
RELATED:
Steve Benen / Washington Monthly:
SOMETIMES, A DIG IS JUST A DIG.... There was a point a couple of months ago in which campaign reporters, at the McCain campaign's urging, began to see the word “confused” as an ageist attack.  So, if someone were to point out that John McCain is confused about whether the U.S. can maintain …
Discussion: Swampland and Alas, a blog
RELATED:
Jonathan Martin / Jonathan Martin's Blogs:   Obama aide takes age swipe at McCain
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.
Steve Benen / Washington Monthly:
ALL QUESTIONS ARE ‘GOTCHA’ QUESTIONS.... Campaigning in Philadelphia on Saturday night, Sarah Palin fielded a few questions from local voters.  A grad student asked Palin if she believed U.S. forces should be prepared to cross the Afghan border into Pakistan, and Palin responded …
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.
New York Times:
Bloomberg Called Ready to Announce Third-Term Bid  —  After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor, according to three people who have been told of his plans.
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:
Frank James / The Swamp:
Bailout fallout continues on Hill
Ross Douthat:
Why McCain Lost (The Debate, That Is)  —  It feels somewhat irrelevant given how quickly economic events seem to be overtaking the campaign, but here's a quick final thought on last Friday's debate, and why the great and good American people (at least judging by the polls to date) …
Discussion: Eunomia and Kevin Drum
Mike Link / SEIU:
SEIU Endorses DeFazio Bill to Address Financial Crisis  —  New Plan Would Protect Taxpayers, Tighten Regulatory Safeguards  —  WASHINGTON, DC - The two million-member SEIU (Service Employees International Union) is backing the plan announced today by Rep. Peter DeFazio and other Members …
Discussion: Open Left and Hullabaloo
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.
Ben Smith / Ben Smith's Blogs:
Palin's contrast  —  Katie Couric, in a segment to air tonight, asks Palin about her joke that she's been listening to Joe Biden's speeches since second grade, and whether that isn't an odd thing to say given her own running mate's age:
Discussion: Taegan Goddard's …
Ben Smith / Ben Smith's Blogs:
Hugo of Arabia?  —  A Democrat sends over this clip from John McCain's economic forum just now, in which McCain, talking about energy policy, stresses the importance of “ensuring that America is secure, and not dependent on oil from people like Hugo Chavez or other parts of the Middle East which is …
Discussion: Wonkette
 
 
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 More Items: 
Greg Sargent / TPM Election Central:
Obama Edging Into More Active Role On Crisis
Discussion: Salon, Kevin Drum and Open Left
Patrick Ruffini / The Next Right:
McCain Acting Like a Senator Not the President
Krooney / TIME.com:
McCain Plays the Bill Clinton Card
Bruce Bawer / Pajamas Media:
Who's Sleeping More Deeply — Europe or America?
The Huffington Post:
New Urgency Over McCain Medical Questions As Election Nears
Discussion: Open Left
Bloomberg:
Euro Falls Most Against Dollar Amid European Banking Failures
Discussion: Vodkapundit
 Earlier Items: 
Ali / Think Progress:
Glenn Beck, Jonah Goldberg fantasize about violently cutting open …
Los Angeles Times:
The green bubble bursts
Discussion: Opinion L.A.
Mark Murray / MSNBC:
FIRST THOUGHTS: WHO SHOULDN'T BE BLAMED
 

 
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Devin Coldewey / TechCrunch:
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