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4:40 PM ET, October 6, 2008

memeorandum

 Top Items: 
Paul Krugman / New York Times:
Health Care Destruction  —  Sarah Palin ended her debate performance last Thursday with a slightly garbled quote from Ronald Reagan about how, if we aren't vigilant, we'll end up “telling our children and our children's children” about the days when America was free.  It was a revealing choice.
RELATED:
Laura Meckler / Wall Street Journal:
McCain Plans Federal Health Cuts  —  Medicare, Medicaid Spending Would Be Reduced to Offset Proposed Tax Credit  —  John McCain would pay for his health plan with major reductions to Medicare and Medicaid, a top aide said, in a move that independent analysts estimate could result in cuts …
Jonathan Cohn / The New Republic:
McCain: I'm Not Raising Taxes.  I'm Cutting Medicare!  —  Barack Obama says John McCain would raise people's taxes by changing the way the IRS looks at health insurance.  McCain says he wouldn't.  —  Who's right?  —  Quite possibly McCain.  But only because he's decided to slash Medicare and Medicaid instead.
Josh Marshall / Talking Points Memo:
MCCAIN'S OTHER SHOE DROPS
Discussion: Newshoggers.com
John McCormack / Weekly Standard:   Obama Campaign Won't Say if Health Care Plan Would Cover Abortions
William Kristol / New York Times:
The Wright Stuff  —  I spoke on the phone Sunday with Sarah Palin, who was in Long Beach, Calif., preparing to take off on her next campaign trip.  It was the first time I'd talked with her since I met her in far more relaxed circumstances in Alaska over a year ago.
RELATED:
Howard Wolfson / The New Republic:
It's Over: Why Bill Ayers Won't Save John McCain  —  Perpetually fretting Democrats will not want to accept it.  The campaigns themselves can't afford to believe it.  Many journalists know it but can't say it.  And there will certainly be some twists and turns along the way.
Ezra Klein / American Prospect:
A CAMPAIGN JOHN MCCAIN WILL REGRET.  —  Elections have life cycles.  They have beginnings, middles, and ends.  The beginnings tend to be exciting.  The middles tend to be exhausting.  And the ends tend to be ugly.  The ends are ugly because the candidates are desperate and their teams are scared.
Ben Smith / Ben Smith's Blogs:
Engaging on Keating  —  I'd always thought McCain's great strength in defending the Keating affair was that he'd acknolwedged making a huge mistake, and spent his career repenting by recasting himself as a reformer.  —  So when his campaign puts his lawyer on the line with reporters to contest …
RELATED:
John Aravosis / AMERICAblog News:
McCain campaign: Keating Five investigation was ‘a political smear job’ on John McCain  —  Holy crap.  —  I'm listening to the McCain campaign conference call about John McCain's involvement in the Keating Five scandal.  McCain's lawyer just said that the Keating Five investigation was “political” as it concerned John McCain.
Krooney / TIME.com:
American History Lesson, Keating Edition
RELATED:
Mark Halperin / TIME.com:
McCain's Monday Remarks in Albuquerque  —  All: Please see excerpt from John McCain's remarks as prepared for delivery today in Albuquerque, New Mexico:  —  My opponent has invited serious questioning by announcing a few weeks ago that he would quote — “take off the gloves.”
Erick Erickson / www.redstate.com:
This Week is the Last Week  —  At this point, the campaign …
RELATED:
Michael Crowley / The New Republic:
Lieberman: Palin Will Win “With God's Help”  —  Via CNN streaming video, I watched Sarah Palin's event in Clearwater, Florida, this morning.  She was heartily introduced there by John McCain's pal Joe Lieberman.  The former Democrat is a very strange figure these days, far from his moorings in the Democratic Party.
RELATED:
Andrew Malcolm / Top of the Ticket:
The Sarah Palin-Joe Biden debate: Revealing the real source of CNN's sources
Discussion: Los Angeles Times and Media Blog
Scott Conroy / CBS News:
Lagging In The Polls, Palin Shifts To Fear Tactics
Discussion: protein wisdom and Washington Post
New York Times:
Lehman Managers Portrayed as Irresponsible  —  Even as the investment bank Lehman Brothers pleaded for a federal bailout to save it from bankruptcy protection, it approved millions of dollars in bonuses for departing executives, a Congressional committee was told Monday.
Discussion: Balloon Juice, TVNewser and Truthdig
RELATED:
Joe Klein / Swampland:
Embarracuda  —  I'm of two minds about how to deal with the McCain campaign's further descent into ugliness.  Their strategy is simple: you throw crap against a wall and then giggle as the media try to analyze the putresence in a way that conveys a sense of balance: “Well, it is bull-pucky …
Gallup:
Gallup Daily: Obama Leads 50% to 42%  —  Obama remains statistically ahead for tenth straight day  —  PRINCETON, NJ — Barack Obama leads John McCain among registered voters across the country by a 50% to 42% margin in Gallup Poll Daily tracking from Oct. 3-5, the tenth straight day in which Obama …
Megan McArdle:
How did it all happen?  —  As I write this, the dow is down 430 points, below 10,000 for the first time in four years.  Tyler Cowen has published his list of what went wrong, with which I largely concur.  Another way to think about it is as a series of cognitive errors that afflicted everyone …
RELATED:
Tyler Cowen / Marginal Revolution:
What caused the financial crisis?
Discussion: Matthew Yglesias
Janet Albrechtsen / Wall Street Journal:
Not Everyone Should Own a Home  —  Even without Fan and Fred, American mortgage rules are unusually lax.  —  Maybe only a friendly foreigner could say this.  But America needs to realize that not everyone can own a home.  The American Dream of home ownership for all is a fraud.
Discussion: protein wisdom
Ambrose Evans-Pritchard / Telegraph:
Germany takes hot seat as Europe falls into the abyss  —  We face extreme danger.  Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days.  Nobody will be spared, unless they own gold bars.
RELATED:
Nic Robertson / CNN:
Sources: Taliban split with al Qaeda, seek peace  —  LONDON, England (CNN) — Taliban leaders are holding Saudi-brokered talks with the Afghan government to end the country's bloody conflict — and are severing their ties with al Qaeda, sources close to the historic discussions have told CNN.
Alan Maimon / Las Vegas Review-Journal:
Arizonans recall run-ins with McCain  —  Opinions about temper depend on who's talking  —  PHOENIX — Frustrated that a massive telescope project he backed had hit a snag in 1989, Sen. John McCain lashed out at a U.S. Forest Service supervisor, threatening his job if he failed to help get approval for the project.
Discussion: unbossed.com and Taylor Marsh
Wall Street Journal:
Biden's Fantasy World  —  Sarah Palin may not know as much about the world, but at least most of what she knows is true.  —  In the popular media wisdom, Sarah Palin is the neophyte who knows nothing about foreign policy while Joe Biden is the savvy diplomatic pro.
Discussion: Media Blog
 
 
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 More Items: 
Jim Manzi / The Corner:
Winning  —  I've written extensively about the seriousness …
Discussion: Power Line
Erick Erickson / www.redstate.com:
Penny Pritzker: Another Friend of Barry We Should Be Concerned About
Francis Fukuyama / Newsweek:
The Fall of America, Inc.
Discussion: Ross Douthat and Greg's Opinion
Barbara Bradley Hagerty / NPR:
Can Falwell's University Tip Virginia To McCain?
Discussion: Weekly Standard
Associated Press:
Dow plunges as much as 800 before closing down 350
Amz / Democracy Corps:
Obama Emerges Ahead in Ohio
Discussion: Writes Like She Talks
 Earlier Items: 
Signorile / The Gist:
Evangelical Leader: Fundies Grumbling About Palin's Gay Remarks …
Kathryn Jean Lopez / The Corner:
COINCIDENCE?  —  Question from a reader:  —  Does the selloff …
CNN:
CNN RELIABLE SOURCES
Discussion: Crooks and Liars
Marc Ambinder:
The McCain Comeback Plan: Taxes, Crime, Associations And Real Reform
Todd Gitlin / TPMCafe:
Hannity's Witness: “Exterminate Jew Power”
Discussion: Campaign Silo
James B. Gerber / PolitickerCA:
DeLay leery of a President McCain
Paul Caron / TaxProf Blog:
Tax Profs Agree: Gov. Palin's Tax Returns Are Wrong