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8:35 AM ET, January 30, 2009

memeorandum

 Top Items: 
Wall Street Journal:
U.S. Eyes Two-Part Bailout for Banks  —  The nation's top economic officials are discussing a new way to stabilize the financial system by buying a portion of banks' bad assets and offering guarantees against future losses on some of the remainder, in an effort to help banks while trying to mitigate the cost to taxpayers.
RELATED:
CNBC.com:
Bank Bailout Could Cost Up to $4 Trillion: Economists  —  The cost of restoring confidence in U.S. financial firms may reach $4 trillion if President Barack Obama moves ahead with a “bad bank” that buys up souring assets.  —  The figure far exceeds even the most pessimistic estimates …
New York Times:
Democrats Set Sights on Republican Senators Who Oppose Stimulus Plan  —  WASHINGTON — Senator Judd Gregg awoke to the bad news on Thursday morning that a coalition of Democratic groups had planned to run television advertisements in his state to pressure him to support President Obama's economic recovery plan.
RELATED:
The Huffington Post:
Judd Gregg: Commerce Secretary?  —  There is a strong possibility that Barack Obama will ask Sen. Judd Gregg (R-NH) to serve as his Secretary of Commerce, Democratic Senate aides tell the Huffington Post.  —  The move would fill a vacancy that has lingered since Gov. Bill Richardson withdrew his nomination.
Discussion: Open Congress, D-Day, Salon and MyDD
Myglesias / Matthew Yglesias:
Judd Gregg for Commerce?
Discussion: Balloon Juice
Matthew Lee / Associated Press:
Professor who slammed Clinton will be Obama aide  —  WASHINGTON (AP) — Samantha Power, the Harvard University professor who earned notoriety for calling Hillary Rodham Clinton a “monster” while working to elect Barack Obama president, will take a senior foreign policy job at the White House, The Associated Press has learned.
RELATED:
Al Kamen / Washington Post:
Redecorating Time in Foggy Bottom
Discussion: Firedoglake
Christopher Wills / Associated Press:
Ill. gov unanimously convicted, tossed from office  —  SPRINGFIELD, Ill. - Gov. Rod Blagojevich was unanimously convicted at his impeachment trial and thrown out of office Thursday, ending a nearly two-month crisis that erupted with his arrest on charges he tried to sell Barack Obama's vacant Senate seat.
Discussion: Chicago Sun Times
RELATED:
Andy Barr / The Politico:
Blago: I did it for the children
New York Times:
Blagojevich Ousted by Illinois State Senate
Manuel Roig-Franzia / Washington Post:
For GOP, a Case of Misshapen Identity  —  Who am I?  Why am I?  Where am I going?  —  So very, very much for the Republican to ponder in this Winter of the Democrats' Contentment.  So many questions.  Even the reliable color scheme has gone blurry.  Isn't that big-shot GOP strategist …
Discussion: Firedoglake
RELATED:
Kevin Sullivan / RealClearPolitics:
RNC Chair Race Reaches Finish Line
Discussion: race42008.com
Ralph Z. Hallow / Washington Times:
‘Dirtiest ever’ race for RNC chairman
Discussion: The Campaign Spot
Zac Frank / Slate:
What a 1988 college thesis by the former vice president's daughter tells us about the Bush presidency.  —  When I worked at the library at Colorado College, I quickly discovered the job had few perks.  The free book loans on demand were little better than subprime mortgages when you realized anyone could get them.
Associated Press:
Army suicides at record high, passing civilians  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Stressed by war and long overseas tours, U.S. soldiers killed themselves last year at the highest rate on record, the toll rising for a fourth straight year …
Chuck Carlton / Associated Press:
Former President George W. Bush, wife attend Baylor women's basketball game  —  ccarlton@dallasnews.com  —  A big women's basketball game between No. 2 Oklahoma and No. 4 Baylor just gained added prestige.  —  Former President George W. Bush and wife Laura attended Wednesday's game.
The Daily Beast:
Sticking It to Rahm  —  We Hate Rahm: Inside the GOP's Obama Revolt by John Batchelor  —  Blogs and Stories  —  Emanuel, working with his old boss and ally, Speaker of the House Nancy Pelosi, made it easy for the Republicans to resist.  Every penny in the more than 600-page bill came …
Discussion: Blogs and Stories and Firedoglake
Michael Isikoff / Newsweek:
Bush lawyer directs Rove not to talk to Congress—once again  —  Just four days before he left office, President Bush instructed former White House aide Karl Rove to refuse to cooperate with future congressional inquiries into alleged misconduct during his administration.
Eric Lichtblau / New York Times:
U.S. Says Jailed C.I.A. Mole Kept Spying for Russia  —  WASHINGTON — Since 1997, Harold Nicholson has been locked in a federal prison in Oregon, the highest-ranking officer of the Central Intelligence Agency ever convicted of espionage.  —  But even as federal inmate No. 49535-083 …
Kevin Freking / Associated Press:
Senate passes bill to expand child health coverage  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Democratic-controlled Congress moved a step closer to handing President Barack Obama an early health care victory Thursday as the Senate passed …
Discussion: Reuters, D-Day and The Treatment
Charles Krauthammer / Washington Post:
Obama Distorts America's Stance on Muslims  —  Every new president flatters himself that he, kinder and gentler, is beginning the world anew.  Yet, when Barack Obama in his inaugural address reached out to Muslims by saying “to the Muslim world, we seek a new way forward …
Discussion: Betsy's Page and marbury
Katrin Bennhold / New York Times:
Leaders of Turkey and Israel Clash at Davos Panel  —  DAVOS, Switzerland — Prime Minister Recep Tayyip Erdogan of Turkey walked off the stage after an angry exchange with the Israeli president, Shimon Peres, during a panel discussion on Gaza at the World Economic Forum on Thursday, vowing never to return to the annual gathering.
David Cay Johnston / CJR:
Who's Undercutting Obama?  —  For the moment, at least, it's his press office  —  It's 3 p.m. and the phone in the White House press secretary's office is ringing.  It rings and rings and rings.  Eventually, a recorded voice asks callers to leave a message—followed by a second voice saying the voicemail box is full.
 
 
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 More Items: 
Paul Singer / Roll Call:
Six Degrees of Alan Mollohan
Discussion: WILLisms.com
Raphael Ahren / Haaretz:
For first time, U.S. professors call for academic and cultural boycott of Israel
Discussion: normblog and Yourish.com
BBC:
North Korea tears up agreements
Discussion: Rethinking Security
Justin Elliott / TPMMuckraker:
Saddam-Qaeda Conspiracy Theorist Surfaces Writing Iraq Reports For The Pentagon
Discussion: Hullabaloo
New York Times:
The Stimulus Advances
Discussion: LewRockwell.com Blog
Charlie LeDuff / Detroit News:
Life goes on around body found frozen in vacant Detroit warehouse
Discussion: The Raw Story
Paul Blumenthal / Sunlight Foundation:
White House Breaks Transparency Promise
 Earlier Items: 
Reuters:
Chavez tells Obama to give Guantanamo back to Cuba
Discussion: protein wisdom and Firedoglake
Dana Blanton / Fox News:
FOX News Poll: Teary-Eyed Thumbs Up for Obama
Discussion: Political Machine
Julian Borger / Guardian:
Soft-spoken line from Washington may terrify Tehran
Eileen Sullivan / Associated Press:
Homeland secretary wants criminal aliens out of US
Discussion: PoliGazette and JammieWearingFool
Mary Katharine Ham / Weekly Standard:
Republican Strategy: Just Have Nancy Pelosi Continue to Explain the Stimulus
Discussion: Hot Air