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10:50 AM ET, March 6, 2009

memeorandum

 Top Items: 
David Brooks / New York Times:
When Obamatons Respond  —  On Tuesday, I wrote that the Obama budget is a liberal, big government document that should make moderates nervous.  The column generated a large positive response from moderate Obama supporters who are anxious about where the administration is headed.
RELATED:
Andrew Malcolm / Top of the Ticket:
Michelle Obama serves food to D.C. poor and homeless, but...  First Lady Michelle Obama showed up Thursday as a surprise and welcome volunteer at Miriam's Kitchen, a soup kitchen for homeless poor people not far from the White House.  —  She brought with her some food donated by White House staff.
Howard Kurtz / Washington Post:
GOP Fights Back Over Criticism of Limbaugh  —  White House Is Accused Of Cynicism, Hypocrisy  —  By one measure, Rush Limbaugh is a clear winner this week: His ratings have nearly doubled since his feud with the White House burst into the media limelight.  —  But the Obama administration's strategy …
The Politico:
Steele pushes back; rivals gripe  —  With Republican criticism of Michael Steele intensifying following his dust up earlier this week with Rush Limbaugh, the new Republican National Committee chairman's high command is moving to rebut claims that he's not up to leading the party.
Discussion: TPMDC and MSNBC
Mark Leibovich / New York Times:
Republicans Look for a Reliever in Kentucky
Discussion: TPMDC, USA Today and Prairie Weather
Jack Healy / New York Times:
651,000 Jobs Reported Lost in February  —  Another 651,000 jobs were lost in February, adding to the millions of people who have been thrown out of work as the economic downturn deepens.  —  In a stark measure of the recession's toll, the Bureau of Labor Statistics reported on Friday …
RELATED:
Chris Isidore / CNNMoney.com:
Unemployment hits 25-year high  —  Jobless rate hits 8.1% in February as a record-high 12.5 million people are unemployed.  —  NEW YORK (CNNMoney.com) — The U.S. economy continued to hemorrhage jobs in February, bringing total job losses over the last six months to more than 3.3 million …
Jeannine Aversa / Associated Press:
Jobless rate bolts to 8.1 pct., 651,000 jobs lost
Discussion: BBC and Gateway Pundit
Paul Krugman / New York Times:
The Big Dither  —  Last month, in his big speech to Congress, President Obama argued for bold steps to fix America's dysfunctional banks.  “While the cost of action will be great,” he declared, “I can assure you that the cost of inaction will be far greater, for it could result in an economy …
David Rogers / The Politico:
Omnibus still one vote short  —  Short by one vote, Senate Democrats abruptly pulled back Thursday night from completing action on a giant omnibus spending bill—forcing leaders to scramble to pass a stopgap measure to keep the government funded through next Tuesday.
RELATED:
Washington Post:
CNN's Gupta Decides Against Surgeon General Position, Cites ‘Timing’  —  Sanjay Gupta, CNN's chief medical correspondent, said last night that he will not leave his television career to become the U.S. surgeon general and urged whoever gets the job to raise its profile as the nation grapples with how to reform health care.
Discussion: Swampland and Shakesville
RELATED:
New York Times:
Undisclosed Losses at Merrill Lynch Lead to a Trading Inquiry  —  CHARLOTTE, N.C. — One Merrill Lynch trader apparently gambled away more than $120 million in the currency markets.  Others seemingly lost hundreds of millions on tricky credit derivatives.  —  But somehow all this red ink …
Pete Harrison / Reuters:
Never waste a good crisis, Clinton says on climate  —  BRUSSELS (Reuters) - U.S. Secretary of State Hillary Clinton told an audience on Friday “never waste a good crisis,” as she highlighted the opportunity of rebuilding economies in a greener, less energy intensive model.
Keith Johnson / Environmental Capital:
A Heated Exchange: Al Gore Confronts His Critic(s)  —  The Goreacle has spoken-again.  —  Former Vice President Al Gore repeated his message that climate change is a planetary emergency at the WSJ's Eco:nomics conference in California.  The Nobel-prize winner declined to take any questions from reporters …
John F. Harris / The Politico:
DLC on brink of a major shake-up  —  The Democratic Leadership Council — a group of centrists that dominated politics during the Clinton presidency but is laboring to remain relevant in the Obama era — is on the brink of a major shake-up.  —  Al From, the DLC's founder and leader since …
Matea Gold / Los Angeles Times:
Fox News' Glenn Beck strikes ratings gold by challenging Barack Obama  —  His success comes as Fox News embraces the role of voice of opposition to the new administration.  —  Reporting from New York — Before Glenn Beck started his new show on Fox News in January, he sat down with Roger Ailes …
Charles Krauthammer / Washington Post:
The Great Non Sequitur  —  The Sleight of Hand Behind Obama's Agenda  —  Forget the pork.  Forget the waste.  Forget the 8,570 earmarks in a bill supported by a president who poses as the scourge of earmarks.  Forget the “2 trillion dollars in savings” that “we have already identified …
Discussion: Neptunus Lex and The Politico
Fox News:
Rev. Wright Cautions: Obama 'Ain't Jesus'  —  President's longtime minister, Rev. Jeremiah Wright, says his former congregant is just like any other president and that he “ain't gonna improve your child's reading score.”  —  SELMA, Ala. — President Barack Obama's longtime minister …
Discussion: Political Machine
Tim Reid / Times of London:
Barack Obama bets the farm in $4 trillion poker game  —  The President believes he can change US politics for a generation.  If he's wrong he could bankrupt the whole country  —  One of the most seductive elements of Barack Obama's ascent to the White House was his unshakeable conviction …
Roy Edroso / alicublog:
POOR LITTLE RICH BOY.  Tigerhawk's anger at the proposed tax hike on people making more than $250,000 a year results in a remarkable video, in which he complains with frightening, quiet intensity that he and his rich friends “have worked harder and longer in their entire careers than most Americans understand and can even conceive.”
Steven Mufson / Washington Post:
Corporate America's Icons Crumbling Under Global Recession  —  The truisms have been familiar to generations of Americans: As General Motors goes, so goes the nation; Citigroup is too big to fail; General Electric, one of the 12 original companies in the Dow Jones industrial average in 1896, brings good things to life.
Discussion: The BLT
Josh Kraushaar / The Politico:
Rep. Grayson won't hold his tongue  —  Featured Topics: - Barack Obama - Presidential Transition  —  The standard playbook for new members of Congress includes this time-honored piece of advice: Lay low, focus on constituent service and avoid drawing too much attention to yourself.
Discussion: Firedoglake and Associated Press
Elliot Blair Smith / Bloomberg:
Bank Charges May Surge as Mortgages Marked to Market  —  Patricia Greenberg's townhouse in Irvine, California, was losing about $10,000 a month in value when she received a letter in February 2008 that looked too good to be true: An investor was offering to cut her $472,000 mortgage by 26 percent and her monthly payment by a third.
Associated Press:
New questions raised on possible quid pro quo between Burris, Blago  —  On the same December day then-Gov. Rod Blagojevich named Roland Burris to fill President Obama's U.S. Senate vacancy, Burris' right-hand political man, Fred Lebed, phoned an associate and told him, “We'll have to do some things for the governor.”
 
 
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 More Items: 
Lincoln Mitchell / The Huffington Post:
My Challenge to Rush Limbaugh
Discussion: RedState
Robert Reich / Salon:
Is Obama responsible for Wall Street's meltdown?
Discussion: The Note and Open Left
Alex Frangos / Wall Street Journal:
Spitzer Is Back in D.C. — in Real Estate
Brian Bakst / Associated Press:
Franken argues for dismissal of Minnesota Senate lawsuit …
Discussion: CBS News
Michael Goldfarb / Weekly Standard:
Freeman on “Congresscritters”
Discussion: Israel Matzav
 Earlier Items: 
Martin Wolf / Financial Times:
Big risks for the insurer of last resort
Discussion: naked capitalism
Trish G. Graber / New Jersey Online:
Christie has the poll position in governor's race
Discussion: TigerHawk
Josh Gerstein / The Politico:
Judge: Will Obama defend Yoo?
Discussion: theheretik.us
Deborah Solomon / Wall Street Journal:
Top Treasury Candidates Pull Out