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5:00 PM ET, March 30, 2009

memeorandum

 Top Items: 
Reuters:
President Obama's remarks on U.S. car industry  —  (Reuters) - Following are excerpts from President Barack Obama's Monday remarks about the U.S. auto industry's restructuring effort:  —  In recent months, my Auto Task Force has been reviewing requests by General Motors and Chrysler …
RELATED:
New York Times:
Obama's Announcement on the Auto Industry  —  Following are President Obama's remarks, as provided by the White House.  —  Good morning, everybody.  —  One of the challenges we've confronted from the beginning of this administration is what to do with the state of the struggling auto industry.
Francis Cianfrocca / blackhedd's blog:
General Motors Hurtles Toward Bankruptcy
Michelle Malkin:
Here we go again; Update: The auto repairman-in-chief speaks
Discussion: Political Punch
Victor Davis Hanson / The Corner:   First-person Socialism  —  I think our president needs to invest …
Kevin G. Hall / McClatchy Washington Bureau:
Feds declare GM, Chrysler not viable, refuse more aid
Discussion: Bloomberg
Hollie McKay / Fox News:
Angie Harmon: I'm Not Racist Because I Disagree With Obama  —  Angie Harmon is not afraid to come out and say she doesn't like how President Obama is handling the job — but she's sick of having to defend herself from being deemed a racist.  —  “Here's my problem with this, I'm just going to come out and say it.
Jonathan Chait / The New Republic:
Why the Democrats Can't Govern  —  Look who's killing Obama's agenda now.  —  The last Democrat who held the White House, Bill Clinton, saw the core of his domestic agenda come to ruin, his political support collapse, and his failure spawn a massive Republican resurgence that made progressive reform impossible for a decade to come.
RELATED:
Chris Bowers / Open Left:   Why No One Believes What Democrats Say  —  Quite a few bloggers …
ABCNEWS:
PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement  —  Critic Calls Multi-Million Package “Perfect Example” of Frustration with Industry  —  Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company's financial filings show.
RELATED:
Elana Schor / TPMDC:
The Double-Standard Question Haunting Today's Detroit Announcement
New York Times:
Fox News's Mad, Apocalyptic, Tearful Rising Star  —  “You are not alone,” Glenn Beck likes to say.  For the disaffected and aggrieved Americans of the Obama era, he could not have picked a better rallying cry.  —  Mr. Beck, an early-evening host on the Fox News Channel …
RELATED:
Marisa Guthrie / Broadcasting & Cable:
O'Reilly: We Want Obama to Succeed
Discussion: Think Progress and The Plum Line
Michael Kranish / Boston Globe:
Pension insurer shifted to stocks  —  Concern increases as losses mount; Failing plans could overwhelm agency  —  WASHINGTON - Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed …
RELATED:
Josh Marshall / Talking Points Memo:   Big Trouble  —  The more I look at these investment decisions …
Susan Saulny / New York Times:
Banks Starting to Walk Away on Foreclosures  —  SOUTH BEND, Ind. — Mercy James thought she had lost her rental property here to foreclosure.  A date for a sheriff's sale had been set, and notices about the foreclosure process were piling up in her mailbox.
Glenn Thrush / The Politico:
Murtha's defense of earmark gobbling  —  But it was this line that caught our eye:
Discussion: Reason
RELATED:
New York Times:
Star Lobbyist Closes Shop Amid F.B.I. Inquiry  —  WASHINGTON — For most of the last three decades, the lobbyist Paul Magliocchetti might have been mistaken for an owner of the Alpine, a wood-paneled Italian restaurant across the Potomac River from Washington where he routinely presided …
RELATED:
Manu Raju / The Politico:
In Minnesota, it's still November  —  Texas Sen. John Cornyn is threatening “World War III” if Democrats try to seat Al Franken in the Senate before Norm Coleman can pursue his case through the federal courts.  —  Cornyn, the chairman of the National Republican Senatorial Committee …
RELATED:
Matt Corley / Think Progress:   Cornyn: GOP Prepared To Fight ‘World War III’ …
Jennifer Haberkorn / Washington Times:
EXCLUSIVE: AIG chiefs pressed to donate to Dodd  —  $160,000 streamed in as senator gained power on banking committee  —  As Democrats prepared to take control of Congress after the 2006 elections, a top boss at the insurance giant American International Group Inc. told colleagues …
David Horowitz / Front Page Magazine:
Obama Derangement Syndrome  —  I have been watching an interesting phenomenon on the Right, which is beginning to cause me concern.  I am referring to the over-the-top hysteria in response to the first months in office of our new president, which distinctly reminds me of the “Bush Is Hitler” crowd on the Left.
Discussion: pw and Little Green Footballs
Erica Orden / New York Magazine:
Home Decorating With the Obamas  —  At a time when people are having trouble holding on to their houses, Barack and Michelle Obama have sensibly decided not to use taxpayers' money to renovate theirs.  New presidents are allotted $100,000 to overhaul the White House residence and the Oval Office …
Myglesias / Matthew Yglesias:
Should My Blog Word Count Be Restricted?  —  The other day I was musing about the possibility of a 95 percent tax on earnings over $10 million, which prompted this piece of correspondence from reader J: … Personally, I would love a legal cap on the number of words a blogger is allowed to produce per day.
Discussion: Outside The Beltway
Christopher Hitchens / Vanity Fair:
The Swastika and the Cedar  —  In newly liberated Lebanon, the signposts on “the Arab street” point in opposite directions.  The author's experiences—he was buoyed by a huge rally for democracy in downtown Beirut, then beaten up by Fascist bullies—show how much this diverse society offers hope …
Discussion: Gawker and Michael J. Totten
Mark Blumenthal / Pollster.com:
What Happened in NH?  AAPOR's Answer  —  Most political junkies remember two things about last year's New Hampshire primary.  First, Hillary Clinton's surprising three point win and the fact that the pollsters were the “biggest losers” as the final round off of pre-election polls had shown Barack Obama surging ahead.
David Dayen / Washington Monthly:
IF IT'S SUNDAY, IT'S JOHN MCCAIN.... John McCain appeared on Meet the Press this Sunday, and while the content was unremarkable, a little portion at the end was pretty revealing. … David Gregory was making a joke.  And yet there's still much to this that's remarkable.
Megan McArdle / The Atlantic Business Channel:
Whither GM?  —  The more I read about these plans, the more I wonder what the end game is supposed to be.  The administration is acting serious: firing Wagoner, and threatening to cut off funds if Chrysler doesn't make a deal with Fiat.  Then you read the report, and the government's statements seem . . . kinda silly.
Myglesias / Matthew Yglesias:
The Rich Uncle Argument  —  Back at the beginning of the month, I recounted an odd incident from a Kaufman Foundation conference that I'd attended: … Crazy.  I didn't think this would go anywhere.  But today I read my Ed Kilgore: … As Ed says, the argument is that …
Wall Street Journal:
GM, Banks Lead Stock Drop  —  Stocks fell sharply as turmoil in the auto industry and depleted hope for financial and economic stability eroded much of the market's March gains.  —  Over the weekend, the Obama administration forced out the chief executive of General Motors …
Tyler Durden / Zero Hedge:
Exclusive: AIG Was Responsible For The Banks' January & February Profitability  —  Zero Hedge is rarely speechless, but after receiving this email from a correlation desk trader, we simply had to hold a moment of silence for the phenomenal scam that continues unabated in the financial markets …
Washington Post:
House Approves Early-Voting Bill, Ban on Chemical in Baby Bottles  —  The Maryland House of Delegates advanced bills yesterday to overhaul the state's voting machinery and procedures, ban a potentially dangerous chemical from plastic baby bottles and increase slot machine proceeds …
David Weigel / The Washington Independent:
British Media Rumors Catch Drudge's Eye, Liberal Ire  —  It's after work on Wednesday and the guests are trickling in to the Beacon Bar & Grill near Dupont Circle.  Tim Shipman, for two and a half years the Washington correspondent for the United Kingdom's Sunday Telegraph, is leaving Washington.
Discussion: The Daily Dish and Don Surber
 
 
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 More Items: 
Errol Morris / New York Times:
Whose Father Was He? (Part One)
Michelle Malkin:
Another day, another troop smear
Discussion: Stop The ACLU and BeltwayBlips
Tim Johnson / China Rises:
A disputed video from Tibet
Susie Madrak / Crooks and Liars:
Obama Says No to More Auto Industry Bailout Money
Discussion: Bloomberg
Mark Bowden / Vanity Fair:
The Inheritance  —  With a doomsday clock ticking for newspapers …
 Earlier Items: 
dawn.com:
Terrorists overpowered in Manawan attack, 13 killed
Chris Cillizza / The Fix:
NY-20: Democrat Closes with Palin, Limbaugh
Discussion: TIME.com
Simon Johnson / The Baseline Scenario:
Obama Against The Odds  —  The G20 summit is headed for disaster.
Josh Marshall / Talking Points Memo:
Frightful Kindle  —  Until quite recently, I'd seen a Kindle only once.
Discussion: The Moderate Voice