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6:05 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  —  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: TPMCafe and 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.
Binyamin Appelbaum / Washington Post:
Bankers Press Case Against Punitive Tax
Discussion: AMERICAblog News
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!
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:
Stephen Labaton / New York Times:   Administration Seeks Increase in Oversight of Executive Pay
David M. Herszenhorn / New York Times:
Obama Uneasy About Tax on Bonuses
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 …
RELATED:
Juan A. Lozano / Associated Press:
Double jeopardy in before US Supreme Court
Discussion: But As For Me
Michelle Malkin:
Liveblogging the Lexington KY Tea Party; Ridgefield CT Tea Party protesters say “DUMP DODD;” 3k in Orlando; Raleigh NC represents  —  Scroll for updates...3,000 in Orlando...no national wire coverage of these thousands of protesters across the country, but AP covers measly anti-war protest turnout in Washington...
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.
Associated Press:
Sen. Dodd in the hot seat over AIG  —  Controversy appears to have exacerbated problems festering for years  —  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 …
Gail Collins / New York Times:
Rage Redux: Changing Channels  —  Let's discuss the George W. Bush presidential library.  —  I am doing this as a public service.  Our howling about government bailouts has sent Congress into a panic attack that's getting out of hand.  The White House economic team may not be all we hoped for …
Lolita C. Baldor / Associated Press:
Obama criticizes some Guantanamo release decisions  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - President Barack Obama says the U.S. hasn't done a good job sorting out who should be released from the Guantanamo Bay detention center.
Kris Maher / Wall Street Journal:
Three Companies to Back Proposal on Union Bill  —  Three big retailers are expected to back an alternative proposal next week on a hotly contested bill that would make it easier to unionize workplaces, a move some experts said would bolster the legislation's chance of passage.
Discussion: Think Progress and The Politico
Ross Colvin / Reuters:
Obama says would not accept Geithner resignation  —  WASHINGTON (Reuters) - President Barack Obama said he would not accept Treasury Secretary Timothy Geithner's resignation if it was offered, according to excerpts from a television interview to be broadcast on Sunday.
Discussion: Associated Press and rubber hose
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:
Michael Wolff / Newser:
Barack Obama Is a Terrible Bore
Discussion: Commentary and Pajamas Media
David Stout / International Herald Tribune:
Obama budget projected at $9.3 trillion in next 10 years  —  WASHINGTON: President Barack Obama's budget proposals, if carried out, would produce a staggering $9.3 trillion in total deficits over the next decade, much more than the White House has predicted, the Congressional Budget Office said on Friday.
RELATED:
The Politico:
VIDEO: Obama's 4 budget principles
Discussion: Associated Press and Reuters
 
 
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 More Items: 
RTO Trainer / pw:
They Came for the AIG Bonuses, but I was not an AIG Employee...
San Francisco Chronicle:
Obama plans huge pledge drive for his policies
Discussion: But As For Me and CBS News
Peter Slevin / Washington Post:
Decision on Minnesota Senate Seat Goes to Panel of Judges
Nafeesa Syeed / Associated Press:
Protesters march to Pentagon, call to end Iraq war
Matthew Lee / Associated Press:
E-diplomacy? Hillary Clinton embraces new media
Discussion: Agence France Presse
 Earlier Items: 
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
Liz Sidoti / Associated Press:
Analysis: Obama rhetoric, reality clash