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1:05 PM ET, March 22, 2009

memeorandum

 Top Items: 
Brad DeLong / Grasping Reality with Both Hands:
The Geithner Plan FAQ  —  Q: What is the Geithner Plan?  —  A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally undervalued assets and …
Martin Crutsinger / Associated Press:
Treasury's toxic asset plan could cost $1 trillion  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Obama administration is using a multi-pronged attack to get at the heart of the nation's financial crisis — a mountain of toxic assets weighing on banks' balance sheets.
Discussion: The Politico and Reuters
RELATED:
Associated Press:
Top GOP senator losing confidence in Geithner
Discussion: Reuters and The Politico
Associated Press:
Biden pokes fun at his boss during Gridiron
Discussion: The Politico and Political Machine
Michael A. Fletcher / Washington Post:
Obama Backs Geithner Despite Vast Criticisms
Discussion: TalkLeft, Commentary and Corrente
Scott / Power Line:
WHY I AM DEPRESSED  —  Victor Davis Hanson asks why so many Americans are depressed.  Suggesting five themes that might provide an answer, he thinks it might be more than the economy that explains our state of mind.  I agree, but none of Dr. Hanson's themes accounts for my despair.
RELATED:
Charlie Cook / National Journal Online:
Are Independents Hedging Their Bets?  —  IF REPUBLICANS REALLY HAVE PULLED EVEN AMONG INDEPENDENTS, IT'S AN OMINOUS SIGN FOR DEMOCRATS.  —  Just as the economic news was relentlessly negative until the last few days, poll numbers for Republicans were horrific for months.
Frank Rich / New York Times:
Has a ‘Katrina Moment’ Arrived?  —  A CHARMING visit with Jay Leno won't fix it.  A 90 percent tax on bankers' bonuses won't fix it.  Firing Timothy Geithner won't fix it.  Unless and until Barack Obama addresses the full depth of Americans' anger with his full arsenal of policy smarts and political gifts …
Greg Miller / Los Angeles Times:
U.S. missile strikes take heavy toll on Al Qaeda, officials say  —  Predator drone attacks in northwest Pakistan have increased sharply since Bush last year stopped seeking Pakistan's permission.  Obama may keep pace as officials speak of confusion in Al Qaeda ranks.
Discussion: On Deadline
RELATED:
Washington Post:
A Conversation With David Kilcullen
Ben Smith / The Politico:
Spitzer's road back  —  Featured Topics: - Barack Obama - Presidential Transition  —  Eliot Spitzer re-emerged last week as an early critic of AIG — he had forced the company's founder, Hank Greenberg, out for unrelated issues — and left many wondering if he's looking at a return to public life.
Associated Press:
VP adviser: AIG bonus tax may go too far  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Vice President Joe Biden's economic adviser warned Sunday that a congressional plan to tax American International Group Inc. executives' bonuses may go too far in using the tax code as a tool for retribution.
Associated Press:
Sen. Gregg says Obama budget will bankrupt US  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.
Ed Morrissey / Hot Air:
Obamateurism of the Day  —  This is a clip from a few days ago, and in this case, it's not so much what he says as the obvious fact that he got lost on his Teleprompter while saying it.  Watch President Obama look nervously left and right trying to find the thread of his remarks …
Discussion: Sister Toldjah and Moe Lane
Anne Flaherty / Associated Press:
Military hangs ‘Help Wanted’ sign in Afghanistan  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The military buildup in Afghanistan is stoking a surge of private security contractors despite a string of deadly shootings in Iraq in recent years that has called …
Discussion: Jules Crittenden
Ye Xie / Bloomberg:
Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying  —  The dollar dropped the most against the currencies of six major U.S. trading partners since the Plaza Accord almost a quarter-century ago as the Federal Reserve's plan to purchase Treasuries spurred speculation that it's debasing the greenback.
Discussion: Gateway Pundit
wRitErsbLock / Pereiraville:
Orlando Tea Party 032109  —  Additional pictures now posted at Bakerstreet.  —  I have more than a hundred pictures already cropped, so I'll put them all in the extended entry.  Rough estimate of 3,000 people showed up, and two people from the media that I saw.  —  Clearly I need a “Got Glock?” shirt!
Discussion: The Impolitic, TBogg and Oliver Willis
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 More Items: 
Bill O'Reilly / Boston Herald:
Coming soon to a lefty rag near you
Discussion: NewsBusters.org and Think Progress
Andrew Martin / New York Times:
Is a Food Revolution Now in Season?
Discussion: Crunchy Con
Andrew Sullivan / The Daily Dish:
Conservatism As Water  —  Via Dreher, Stewart Lundy talks …
Discussion: Balloon Juice
Les Blumenthal / McClatchy Washington Bureau:
Could split contract solve Air Force tanker dispute?
Discussion: But As For Me
Rhys Southan / Clusterstock:
Protest Bust: Lots Of Media, Just One Bus Of Protesters
 Earlier Items: 
Washington Post:
Obama Plans Anti-Drug Effort on Border to Aid Mexico
Stephen Labaton / MSNBC:
NYT: White House takes on executive pay
Nicole Belle / Crooks and Liars:
Is Anybody Listening? The Real Faces Of The Economic Crisis
Discussion: pusd.org and Youth Today