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5:20 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!
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.
Ed Morrissey / Hot Air:
McCain blasts Obama, Democrats for Fannie Mae meltdown  —  We asked John McCain to take off the gloves — and he listened.  In remarks McCain will deliver today, he blasts Democrats, including Barack Obama, for their market manipulations and defense of Fannie Mae against regulator warnings.
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:
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
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
CNN:
CNN Poll: Obama advantage grows  —  Likely voters nationwide:  —  Obama: 53 percent  —  McCain: 45 percent  —  NASHVILLE, Tennessee (CNN) - A new national poll suggests Barack Obama is widening his edge over John McCain in the race for the White House.
Discussion: TalkLeft
RELATED:
CNN:
CNN POLL: Majority think country headed for depression
United States - Department of The Treasury:
Treasury Officials  —  Neel Kashkari  —  Interim Assistant Secretary of the Treasury for Financial Stability and Assistant Secretary of the Treasury for International Economics and Development  —  Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008.
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 and EconLog
Josh Marshall / Talking Points Memo:
BACK TO THE DSM-IV  —  Did John McCain really just say that Barack Obama gets “touchy” and “angry” whenever he gets questioned on his credentials or policies?  I know that projection is a common psychological phenomenon, especially for those who find themselves in desperate situations.
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
CNN:
CNN RELIABLE SOURCES  —  Examining the Media and Coverage of Recent Stories  —  THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.  —  HOWARD KURTZ, HOST (voice-over): Palin and the pundits.  The media verdict: Sarah Palin did far better against Joe Biden than with Katie Couric.
Discussion: Crooks and Liars
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
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.
Amz / Democracy Corps:
Obama Emerges Ahead in Ohio  —  On the heels of the news that John McCain permanently suspended his campaign in economically strapped Michigan, its southern neighbor Ohio now favors Barack Obama over McCain 49 to 43 percent, a lead built on an impressive 48 to 35 percent edge among independent voters.
Discussion: Writes Like She Talks
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
Jim Manzi / The Corner:
Winning  —  I've written extensively about the seriousness of the risks to the economy created by the current financial crisis.  That said, I've also tried to show that with diligent management of the dangers, the foreseeable probability of catastrophe can be reduced enormously.
Discussion: Power Line
 
 
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 More Items: 
Marc Ambinder:
David Brooks Calls The Election For Barack Obama?
AJStrata / The Strata-Sphere:
More Poll Posting - Obama May Be In Real Trouble If Polls Weight Samples Wrong
Discussion: AMERICAN DIGEST
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
Ambrose Evans-Pritchard / Telegraph:
Germany takes hot seat as Europe falls into the abyss
 Earlier Items: 
Barbara Bradley Hagerty / NPR:
Can Falwell's University Tip Virginia To McCain?
Discussion: Weekly Standard
Victor Davis Hanson / The Corner:
One Question for Sen. Obama
Discussion: pandagon.net
Kathryn Jean Lopez / The Corner:
COINCIDENCE?  —  Question from a reader:  —  Does the selloff …
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