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3:30 PM 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:
James K. Galbraith / Firedoglake:
James K. Galbraith Reponds to Geithner's Toxic Asset Plan  —  digg it  —  I've just been reading the NYT report.  —  The central Treasury assumption, at least for public consumption, seems to be that the underlying mortgage loans will largely pay off, so that if the PPIP buys and holds …
Discussion: Corrente
John Cole / Balloon Juice:
The Geithner Plan  —  The reviews are in on the leaked Geithner plan, and we are going to do something different here for a change.  We are not going to listen to people who have been wrong about everything, and instead are going to listen to people who have been more right than wrong.
Discussion: Obsidian Wings
Yves Smith / naked capitalism:
Private Public Partnership Details Emerging  —  The New York Times seems to have the inside skinny on the emerging private public partnership [abortion] program.  And it appears to be consistent with (low) expectations: a lot of bells and whistles to finesse the fact that the government …
Binyamin Appelbaum / Washington Post:
Bankers Press Case Against Punitive Tax  —  Executives Cite Health of Industry, Economy  —  An alarmed banking industry looked for friends in Washington yesterday as it tried to head off severe congressional restrictions on compensation, fearful that a wave of popular anger about vast paydays …
Discussion: AMERICAblog News
Calculated Risk:
Geithner's Toxic Asset Plan
Discussion: Marginal Revolution
Mike Allen / The Politico:   Treasury to roll out toxic asset plan
New York Magazine:
Busload of Crazies to Tour Homes of AIG Executives This Weekend  —  Less than a year ago, the most repellent area bus tour we knew of was the one that induced Sex and the City-crazed tourists to put $40 on their Citi cards for a cupcake and a glimpse at Carrie Bradshaw's brownstone.  How times have changed!
RELATED:
Jesse J. Holland / Associated Press:
‘Hillary: The Movie,’ now showing at Supreme Court  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Months after its debut, “Hillary: The Movie” faces nine of the nation's toughest critics: the Supreme Court.  —  The justices' review of the slashing documentary financed …
Discussion: ECHIDNE OF THE SNAKES
RELATED:
Juan A. Lozano / Associated Press:
Double jeopardy in before US Supreme Court
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:
David M. Herszenhorn / New York Times:
Obama Uneasy About Tax on Bonuses
Discussion: DISSENTING JUSTICE
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
RELATED:
The Politico:
VIDEO: Obama's 4 budget principles
Discussion: Reuters, The Swamp and Associated Press
Helene Cooper / New York Times:   Obama to Push Programs in Budget
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.
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 …
Susan Haigh / Associated Press:
Dodd's stock with voters began dropping before AIG  —  HARTFORD, Conn. - Howard Rosenblatt voted for U.S. Sen. Christopher Dodd five years ago.  He won't do that again.  —  “It's time for Chris to resign,” said the 62-year-old owner of Rosenblatt's department store in Naugatuck, Conn., a working-class borough of more than 30,000.
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 …
RELATED:
Howard Schneider / Washington Post:
Israeli Coalition Appears Fated to Clash With U.S.
Discussion: Mondoweiss and Power Line
Michelle Malkin:
Liveblogging the Lexington KY Tea Party; Ridgefield CT Tea Party protesters say “DUMP DODD”  —  There are between 300-500 peaceful, grass-roots activists protesting out-of-control government spending in Lexington KY. Reader Eric is liveblogging.  Here's one of his crowd photos:  —  You can find more on Twitter.
Mark Sanford / Wall Street Journal:
Why South Carolina Doesn't Want ‘Stimulus’  —  Columbia, S.C.  —  America's states are laboratories of democracy.  They are both affected by, and relevant to, the larger national debate.  What we've found in our own corner of the country is that carrying a substantial debt load limits our options when it comes to running government.
 
 
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 More Items: 
Kris Maher / Wall Street Journal:
Three Companies to Back Proposal on Union Bill
Discussion: Think Progress and The Politico
Matthew Lee / Associated Press:
E-diplomacy? Hillary Clinton embraces new media
Discussion: Agence France Presse
Mary Anastasia O'Grady / Wall Street Journal:
Now Is No Time to Give Up on Markets
Mark Sherman / Associated Press:
Obama could make top high court lawyer a justice
Discussion: TIME.com and The Politico
Park Chan-Kyong / Agence France Presse:
North Korea confirms two Americans detained
Discussion: Hot Air
Anne Schroeder Mullins / Anne Schroeder's Blog:
Score One for Team Rohrabacher!
Discussion: Hot Air and Stop The ACLU
 Earlier Items: 
Los Angeles Times:
Not bowled over by Obama's Special Olympics joke
Randolph E. Schmid / Associated Press:
US Post Service looks for new ways to cut losses
Ezra Klein / American Prospect:
ARE ANN ALTHOUSE'S COMMENTERS ANTI-SEMITES?