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12:00 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 …
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.
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.
Discussion: Weekly Standard and Maggie's Farm
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.
RELATED:
Washington Post:
A Conversation With David Kilcullen
Michael A. Fletcher / Washington Post:
Obama Backs Geithner Despite Vast Criticisms  —  No Talk of Treasury Secretary Resigning, President Says in ‘60 Minutes’ Interview  —  Embattled Treasury Secretary Timothy F. Geithner's job is safe and the subject of resignation has not come up in his conversations with President Obama despite calls …
Discussion: TalkLeft, Commentary and Corrente
RELATED:
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.
Discussion: Reuters and Gateway Pundit
Ben Smith / The Politico:
Spitzer open to comback  —  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.  —  In a long interview with Fareed Zakaria …
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
Andrew Sullivan / The Daily Dish:
Conservatism As Water  —  Via Dreher, Stewart Lundy talks of the nature of things and the lost art of living: … Teach us to care and not to care.  Teach us to sit still.
Discussion: Balloon Juice
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
Associated Press:
Biden pokes fun at his boss during Gridiron  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Vice President Joe Biden poked fun at Barack Obama's do-no-wrong reputation as he spoke at an annual white-tie gathering of journalists and top administration officials Saturday night.
Discussion: Political Machine and Reuters
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: Oliver Willis
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 More Items: 
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
Washington Post:
Obama Plans Anti-Drug Effort on Border to Aid Mexico
 Earlier Items: 
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