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10:10 AM ET, February 27, 2009

memeorandum

 Top Items: 
Think Progress:
John Bolton jokes about nuking Chicago, entire CPAC audience erupts in laughter.  —  This morning, former U.N. ambassador John Bolton spoke to the Conservative Political Action Conference (CPAC).  He tried to up the fear quotient in the room by raising the prospect of an Iranian-sent nuclear attack on an American city.
RELATED:
CNN:
Steele to CPAC: The Republican party is just fine  —  WASHINGTON (CNN) - Capping off a day of conservative soul-searching, strategizing and navel-gazing at the annual Conservative Political Action Conference in Washington, Republican National Committee chairman Michael Steele announced Thursday …
Eric Dash / New York Times:
U.S. Agrees to Raise Its Stake in Citigroup  —  In its most daring bid yet to stabilize Citigroup, one of the nation's largest and most troubled financial institutions, the Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company.
RELATED:
Stephen Bernard / Associated Press:
Government could own up to 36 pct. of Citigroup  —  NEW YORK - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank.  —  The deal announced Friday — the third attempt …
Frank James / The Swamp:
U.S.'s Citigroup stake rises
Discussion: The Politico
Eric Dash / New York Times:
U.S. Is Said to Agree to Raise Stake in Citigroup
Discussion: The Big Picture, TIME.com and Swampland
John Bresnahan / The Politico:
Pelosi butts heads with Obama  —  Nancy Pelosi repeatedly stood to applaud Barack Obama when he addressed a joint session of Congress Tuesday night.  But in the days since, the speaker of the House has been standing up for herself —distancing herself from the president on Iraq …
RELATED:
J. Taylor Rushing / The Hill:
Reid joins Pelosi in opposing weapons ban revival  —  Senate Majority Leader Harry Reid will join Speaker Nancy Pelosi (D-Calif.) in opposing any effort to revive the 1994 assault weapons ban, putting them on the opposite side of the Obama administration.  —  Reid spokesman Jim Manley …
Discussion: DownWithTyranny! and QandO
Jeanne Cummings / The Politico:
Class warfare returns to Washington
Discussion: The Politico and RADAMISTO
Paul Krugman / New York Times:
Climate of Change  —  Elections have consequences.  President Obama's new budget represents a huge break, not just with the policies of the past eight years, but with policy trends over the past 30 years.  If he can get anything like the plan he announced on Thursday through Congress, he will set America on a fundamentally new course.
RELATED:
David Leonhardt / New York Times:
A Bold Plan Sweeps Away Reagan Ideas  —  The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.  —  The Obama budget — a bold, even radical departure from recent history …
Peter Baker / New York Times:
Obama Plans to End Combat Mission in Iraq by August 2010  —  WASHINGTON — President Obama heads to one of the nation's most storied military bases Friday morning to unveil plans to pull most troops out of Iraq by August 2010 and he has support from an unlikely quarter — Senator John McCain …
RELATED:
Peter Baker / New York Times:
Iraq Withdrawal Plan Gains G.O.P. Support  —  WASHINGTON — President Obama won crucial backing on Thursday for his Iraq military withdrawal plan from leading Congressional Republicans, including Senator John McCain, the party's presidential nominee, who spent much of last year debating the war with Mr. Obama.
Washington Post:
Obama Tries to Quell Iraq Criticism
Discussion: Cato @ Liberty and TIME.com
CNN:
Obama to pull combat troops; 50,000 could stay
Discussion: Connecting.the.Dots
Financial Times:
Insight: Time to expose those CDOs  —  Just how much should a debt vehicle backed by subprime mortgage bonds be worth these days?  Two years ago, most banks and insurance companies assumed the answer was close to 100 per cent of face value - or more.  —  Since then, however, that “price” …
RELATED:
Hilzoy / Obsidian Wings:   Now That's What I Call Toxic!
John / Power Line:
DUSTBOWL DAYS?  —  The Democrats are delirious at the idea that we've gone back to the future—a return to the 1930s.  I'm not sure their joy is shared by many of those who actually lived through that era, but from the Dems' perspective the unprecedented transfer of wealth and power …
RELATED:
Rasmussen Reports:
59% Still Believe Government Is the Problem
CNBC:
Steep GDP Revision Puts Economic Loss at 6.2%  —  The U.S. economy contracted more sharply than initially estimated in the fourth quarter, government data showed on Friday, as exports plunged and consumers cut spending by the most in over 28 years amid a severe recession.
David Weigel / The Washington Independent:
Conservatives Confident Their Day Is Coming  —  Tucker Carlson closed out the first day of the Conservative Political Action Conference to a chorus of boos.  His crime: informing a crowd of youngish, frustrated conservatives that if they wanted to succeed, they had to copy The New York Times.
Discussion: Michelle Malkin
Andrew Malcolm / Top of the Ticket:
More entertaining Sen. Burris news, this time on son Burris II  —  Not an all-around awful day for Democratic Sen. Roland Burris of Illinois.  —  Just terrible this time.  —  As you may have heard, the legally-embattled junior Illinois senator replacement for Barack Obama …
RELATED:
Newsdesk / Clout St:
Quinn: let's have special election if Burris won't resign within two weeks
Discussion: The Politico
Zombie / zomblog:
San Francisco welcomes William Ayers and Bernardine Dohrn  —  Former Weather Underground leaders William Ayers and Bernardine Dohrn made an appearance at San Francisco's Modern Times Bookstore on February 21 to promote their new book Race Course Against White Supremacy.
Discussion: American Power
Brett Neely / Bloomberg:
Arsonists Torch Berlin Porsches, BMWs on Economic Woe  —  Feb. 27 (Bloomberg) — When Berlin resident Simone Klostermann returned from vacation and couldn't find her Mercedes SLK, she thought it had been towed.  Police told her the 35,000- euro ($45,000) car had been torched.
Discussion: Riehl World View and The Corner
Leslie Wayne / New York Times:
$25 Billion to Promote Electric Cars Is Untouched  —  WASHINGTON — The future of the American auto industry is getting off to a slow start.  —  The Energy Department has $25 billion to make loans to hasten the arrival of the next generation of automotive technology — electric-powered cars.
Discussion: Green Sheet
 
 
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 More Items: 
Joan Lowy / Associated Press:
Panel: Raise gas tax, charge drivers by the mile
Discussion: Gateway Pundit
Dan Balz / Washington Post:
Ambitious Blueprint a Big Risk The President Is Willing to Take
Discussion: MSNBC
Yinka Adegoke / Reuters:
Newsday plans to charge for online news
Larry Margasak / Associated Press:
Firms defraud government but get new US contracts
Attaturk / Firedoglake:
Credit Crisis for the intellectually bankrupt
Discussion: Media Blog and TBogg
Megan McArdle:
Obama's big-bath accounting
Discussion: Real Time Economics and Economix
Joby Warrick / Washington Post:
Senate Panel to Examine CIA Detainee Handling
Discussion: Democrats.com, Time and TIME.com
 Earlier Items: 
Karen DeYoung / Washington Post:
National Security Structure Is Set
Discussion: Think Progress and TIME.com
Tom Brune / Newsday:
In turnaround, Gillibrand backs key gun-control issue
David S. Broder / Washington Post:
Obama Rolls The Dice
Discussion: QandO, Openers and The Plum Line
Daniel J. Weiss / Center for American Progress:
Energy Budget Is Sunlight After Eight Years of Darkness
Discussion: QandO and Climate Progress
Deirdre Walsh / CNN:
Dem blasts Obama's budget
 

 
From Mediagazer:

Kurt Wagner / Bloomberg:
Meta unveils Movie Gen, which creates up to 16-second videos from a text prompt, available to some staff and partners; Meta plans to add it to its apps in 2025

Victoria Gomelsky / New York Times:
Watches of Switzerland Group, one of the world's largest watch retailers, acquires the watch enthusiast website Hodinkee, says coverage will remain independent

Emma Roth / The Verge:
Mullenweg says “WordPress.org just belongs to me personally”, as his WP Engine feud blurs the lines between WordPress.org, WordPress Foundation, and Automattic

 
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