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11:20 AM ET, November 24, 2008


 Top Items: 
Jaketapper / Political Punch:
Obama to Tap Berkeley Prof to Chair Council of Economic Advisers  —  From Jake Tapper and George Stephanopoulos:  —  ABC News has learned that President-elect Obama had tapped University of California -Berkeley economics professor Christina Romer to be the chair of the Council of Economic Advisers …
Lori Montgomery / Washington Post:
Democrats' Stimulus Plan May Reach $700 Billion  —  Spending Package Could Rival Financial System Bailout  —  Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total …
Mike Allen / The Politico:
Berkeley economist to head Obama economic council  —  President-elect Obama plans to name Christina Romer, an expert on tax cuts and recessions who is an economics professor at the University of California at Berkeley, to chair his Council of Economic Advisers, aides said.
Discussion: Marginal Revolution
Chris Cillizza / The Fix:
Week in Preview: Turkey Week!
Discussion: ABCNEWS and Associated Press
CNN:   Forbes: Paulson is ‘worst’ treasury secretary in modern times
Paul Krugman:
Citigroup  —  Mark Thoma has the rundown of informed reactions.  A bailout was necessary — but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will be back for more.
Discussion: Washington Monthly
Mark Thoma / Economist's View:
The Citigroup Bailout  —  It's bailout time.  Let's start with Paul Kedrosky: … Yves Smith: … Calculated Risk has the Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup, while James Kwak says the bailout is “Weak, Arbitrary, Incomprehensible.”  I think he has it right:
David Ellis /
Citi dodges bullet
Discussion: The Moderate Voice
Daniel Libit / The Politico:
Sloppy Dems may spell Franken advantage  —  One of the closest elections in U.S. Senate history is hurtling towards a critical juncture in its ongoing recount this week, as the campaign of Democratic challenger Al Franken opens a new legal front in its battle to break a virtual tie with Republican Sen. Norm Coleman.
News & Features from Minnesota Public Radio:
Why would someone vote for the Lizard People?
Discussion: Minnesota Independent and Braublog
Fed Pledges Top $7.4 Trillion to Ease Frozen Credit  —  Nov. 24 (Bloomberg) — The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
Christopher Wood / Wall Street Journal:
The Fed Is Out of Ammunition
Discussion: Betsy's Page
Michael Schneider / Variety:
Needed: Network bailout?  —  Bad economy slows ad sales  —  It's D-Day for the broadcast networks.  —  They've been living on borrowed time for the better part of two decades, thanks to advertisers willing to toss in more cash each year even as ratings slowly trended ever lower.
Howard Kurtz / Washington Post:
Media Notes: An Interview With Outgoing White House Press Secretary Dana Perino  —  The network stars were gone, the seats half empty and the questioning low-key as Dana Perino held a White House briefing last week, her biggest announcement that the administration would try to ease air traffic for the holidays.
Discussion: Think Progress
Jane Hamsher / Firedoglake:
Time Magazine: News At The Speed Of Two Tin Cans And A Piece Of String  —  digg it  —  Michael Scherer over at Swampland writes about what a swell idea it would be to have Mitt Romney, who has been demagoguing the auto industry crisis, as “auto czar.”  (Mitt's dad was head of an auto maker …
William Kristol / New York Times:
Admit We Don't Know  —  “In my view it has to be between five and seven hundred billion dollars,” proclaimed Senator Charles Schumer Sunday on ABC's “This Week.”  The “it” is the economic stimulus package the new Congress intends to send to the new president, Barack Obama, in January.
Discussion: The Moderate Voice and marbury
Tony Perry / Los Angeles Times:
Marines drafting plan to send more troops to Afghanistan  —  MISSION: A U.S. Marine meets with elders in Kunar province, in eastern Afghanistan.  Marines are eager to join the fight against the Taliban, with some feeling a sense of unfinished business from 2001 when they were abruptly called off.
The Politico:
Obama skips church, heads to gym  —  President-elect Barack Obama has yet to attend church services since winning the White House earlier this month, a departure from the example of his two immediate predecessors.  —  On the three Sundays since his election, Obama has instead used his free time to get in workouts at a Chicago gym.
Carrie Johnson / Washington Post:
As President Bush's Term Comes to an End, Some Well-Known Offenders Seek Pardons  —  With a backlog of applications piled up at the Justice Department, high-profile criminals and their well-connected lawyers increasingly are appealing directly to President Bush for special consideration …
Conn Carroll / The Foundry:
Morning Bell: You, Too, Can Help ‘Save’ Millions of Jobs  —  In his weekly radio address, President-elect Barack Obama promised a national “Economic Recovery Plan that will mean 2.5 million more jobs by January of 2011.”  One might think that would mean Obama had promised to create 2.5 million new jobs.
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 More Items: 
New York Times:
Return of the Predators  —  The demise of the subprime mortgage …
Discussion: The Huffington Post
Anne Schroeder Mullins / Anne Schroeder's Blogs:
Hilary Rosen: Dancing Queen
Discussion: FishBowlDC and Reliable Source
Jack Kemp / American Thinker:
Visiting Che Guevara in Central Park
Discussion: Moonbattery
Colin Moynihan / New York Times:
Proposal to Raise Car Fees
Discussion: A Blog For All and Runnin' Scared
 Earlier Items: 
Washington Post:
For Obama, White House Is an Unusually Big Transition
Discussion: Jezebel and
Andrew Sullivan / The Daily Dish:
The Golden Straitjacket Of Foggy Bottom
Noam Scheiber / The New Republic:
Some Final Backstory on Geithner
Discussion: marbury
John Hallmann / The Huffington Post:
Why America Feels Like it's Been Ruled by a Foreign Occupier
Discussion: Stop The ACLU