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11:25 AM ET, March 21, 2009

memeorandum

 Top Items: 
Paul Krugman:
Despair over financial policy  —  The Geithner plan has now been leaked in detail.  It's exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago.  The zombie ideas have won.  —  The Obama administration is now completely wedded to the idea …
RELATED:
New York Times:
Toxic Asset Plan Foresees Big Subsidies for Investors  —  WASHINGTON — The Treasury Department is expected to unveil early next week its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks.
Mike Allen / The Politico:   Treasury to roll out toxic asset plan
Associated Press:
Toxic asset plan to be unveiled as soon as Monday
Discussion: But As For Me
Joe Nocera / New York Times:
The Problem With Flogging A.I.G.  —  Can we all just calm down a little?  —  Yes, the $165 million in bonuses handed out to executives in the financial products division of American International Group was infuriating.  Truly, it was.  As many others have noted, this is the same unit whose …
RELATED:
The Politico:
VIDEO: Obama's 4 budget principles  —  Featured Topics: - Barack Obama - Presidential Transition  —  Previewing a critical week for his administration, President Barack Obama on Saturday called on Congress Saturday to pass a budget that adheres to four principles: increasing energy independence …
Discussion: The Swamp, Reuters and Associated Press
RELATED:
Helene Cooper / New York Times:   Obama to Push Programs in Budget
The Politico:   Battle lines drawn on health care
Los Angeles Times:
Not bowled over by Obama's Special Olympics joke  —  Despite the president's apology, athletes and others say they are disappointed with his remark on Jay Leno's show.  —  Reporting from Chicago — When she met Barack Obama two years ago, Caitlin Cox proudly wore the two bronze medals she had won at the Special Olympics.
RELATED:
John / Power Line:
ARE WE A BANANA REPUBLIC?  —  I'm stupefied to find that some people are defending the constitutionality of Nancy Pelosi's discriminatory, confiscatory and retroactive tax on people who receive bonus income from companies that got TARP money.  I would have considered it a bright line rule …
Howard Schneider / Washington Post:
Israeli Soldier Says Military Rabbis Framed Gaza Mission as Religious  —  A soldier involved in Israel's recent military offensive in the Gaza Strip said in published reports Friday that the military's rabbinical staff distributed material characterizing the operation as a religious mission to …
Discussion: The Sideshow and JONATHAN TURLEY
RELATED:
Howard Schneider / Washington Post:
Israeli Coalition Appears Fated to Clash With U.S.
Discussion: Mondoweiss and Power Line
Liz Sidoti / Associated Press:
Analysis: Obama rhetoric, reality clash  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Barack Obama's optimistic campaign rhetoric has crashed headlong into the stark reality of governing.  —  In office two months, he has backpedaled on an array of issues …
Discussion: Stop The ACLU
Ali Akbar Dareini / Associated Press:
Iran's supreme leader dismisses Obama overtures  —  TEHRAN, Iran - Iran's supreme leader rebuffed President Barack Obama's latest outreach on Saturday, saying Tehran was still waiting to see concrete changes in U.S. policy.  —  Ayatollah Ali Khamenei was responding to a video message Obama released Friday …
RELATED:
Uri Blau / Haaretz:
Dead Palestinian babies and bombed mosques - IDF fashion 2009  —  The office at the Adiv fabric-printing shop in south Tel Aviv handles a constant stream of customers, many of them soldiers in uniform, who come to order custom clothing featuring their unit's insignia, usually accompanied by a slogan and drawing of their choosing.
Discussion: The Daily Dish
RELATED:
Mark Steyn / The Corner:
No laughing matter  —  In turbulent times, it's good to know some things never change.  After a week in which President Obama thanked himself for inviting him to the White House, compared AIG executives to suicide bombers, and did the first Presidential retard joke on national TV …
Discussion: Hot Air, Slate and Power Line
Mark Sherman / Associated Press:
Obama could make top high court lawyer a justice  —  WASHINGTON (AP) — Elena Kagan on Friday became the nation's first female Solicitor General, a position informally regarded as the 10th Supreme Court justice and, for her, a possible audition for a spot in the starting nine.
Mary Anastasia O'Grady / Wall Street Journal:
Now Is No Time to Give Up on Markets  —  “What can we do that would be beneficial?  [One thing] is lower corporate taxes and businesses taxes and maybe taxes in general.  Particularly, you want to lower the tax on capital so you raise the after-tax return to investing and get more investing going on.”
Park Chan-Kyong / Agence France Presse:
North Korea confirms two Americans detained  —  SEOUL (AFP) - North Korea on Saturday confirmed that it had detained two American journalists for illegally entering the country from China earlier this week and said their case was under investigation.  —  The US State Department had expressed concern …
Discussion: Hot Air
Lisa Demer / Anchorage Daily News:
Palin's legal debts pile up  —  ‘SUBSTANTIAL’: Governor may create fund to pay the bills.  —  ldemer@adn.com  —  Gov. Sarah Palin owes more than a half million dollars to an Anchorage law firm that has defended her against ethics complaints, and she may create a legal fund to pay the bill, she said Friday.
Discussion: Think Progress
 
 
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 More Items: 
Anne Schroeder Mullins / Anne Schroeder's Blog:
Score One for Team Rohrabacher!
Discussion: Stop The ACLU
Randolph E. Schmid / Associated Press:
US Post Service looks for new ways to cut losses
Discussion: But As For Me
Josh Kraushaar / The Politico:
RNC outraises DNC
Discussion: But As For Me and Hot Air
Ezra Klein / American Prospect:
ARE ANN ALTHOUSE'S COMMENTERS ANTI-SEMITES?
David Kurtz / Talking Points Memo:
WITCH HUNTERY!  —  A great exchange on CNBC between the anchor …
Discussion: Obsidian Wings
Sam Hananel / Associated Press:
Companies looking at options on card check
Washington Times:
Conyers suggests probe of ACORN
Joan Lowy / Associated Press:
Canada: US will ground helicopters
 Earlier Items: 
Josh Gerstein / The Politico:
How I botched the bonus story
Eliott C. McLaughlin / CNN:
Group: FBI planting spies in U.S. mosques
Financial Times:
McCain speaks up for Geithner
Discussion: Hot Air
The Huffington Post:
Snowe To Dems: Grow A Pair
Discussion: The Huffington Post and Daily Kos
The Politico:
Palin whacks Obama on Special Olympics Politico - 45 minutes ago
Matt Taibbi / Rolling Stone:
The Big Takeover  —  The global economic crisis isn't about money - it's about power.