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1:05 PM ET, November 24, 2008


 Top Items: 
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
Obama introduces team to deal with ‘historic’ crisis
Discussion: Below The Beltway
Jackie Calmes / The Caucus:
Obama Names Romer to Lead Council of Economic Advisers
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: protein wisdom and Betsy's Page
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.
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?
Whistleblower: U.S. Snooped on Tony Blair, Iraqi President  —  Former Intercept Operator Tells ABC News He Saw Blair File, Heard “Pillow Talk” of Iraqi Leader  —  A former communications intercept operator says U.S. intelligence snooped on the private lives of two of America's most important allies …
Discussion: The Raw Story and TPMMuckraker
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 and The Heretik
Myglesias / Matthew Yglesias:
What a Time It Was  —  Last night, some friends and I were listening to “Even Hitler Had a Girlfriend” and the little-known fact that The Mr. T Experience's Dr. Frank was a big-time liberal hawk warblogger back in the day came up.  Even better, unlike most classic blogs, his archives are still 100 percent intact.
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.
Myglesias / Matthew Yglesias:
Melody Barnes to Run Domestic Policy Council  —  My ThinkProgress colleagues are reporting that Melody Barnes, who was at CAP before I got on board, will head the Domestic Policy Council in the Obama White House.  The DPC is in charge of interagency coordination and policy formation …
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 …
Mike Madden / Salon:
Barack Obama, honeymoon killer?  —  WASHINGTON — One of the first things Barack Obama did after winning the election two weeks ago was put an old-school political brawler in charge of his White House.  Next, he saved Joe Lieberman.  Then, he met with John McCain, and asked Hillary Clinton to run his State Department.
Julia Baird / Newsweek:
When Left is Right  —  Rachel Maddow always thought she was an outsider.  How did she become a star?  —  From the magazine issue dated Dec 1, 2008  —  “Can you believe that sellout, Barack Obama?” says Rachel Maddow, looking around the room.  “Let's hit him from the left!”
Discussion: Think Progress and TVNewser
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 More Items: 
Mike Allen / The Politico:
Bush consulting Obama on bailouts
Discussion: The Hill and Reuters
Andrew Sullivan / The Daily Dish:
“Right” And “Left” And Obama
Robert F. Worth / New York Times:
As Taboos Ease, Saudi Girl Group Dares to Rock
Discussion: Jezebel
Aaron David Miller / Jerusalem Post:
An Israeli-Palestinian agreement: Forget about it
Discussion: Israel Matzav
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: Reliable Source and FishBowlDC
Jack Kemp / American Thinker:
Visiting Che Guevara in Central Park
Discussion: Moonbattery
 Earlier Items: 
Jane Hamsher / Firedoglake:
Time Magazine: News At The Speed Of Two Tin Cans And A Piece Of String
Conn Carroll / The Foundry:
Morning Bell: You, Too, Can Help ‘Save’ Millions of Jobs
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: Guardian and marbury