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1:40 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:
Michelle Malkin:
Here we go again; Update: The auto repairman-in-chief speaks  —  Scroll for updates...  Photoshop credit: George of Elegant Memories  —  The Obama administration is swaggering over its firing of GM CEO Richard Wagoner and its demand for more restructuring concessions from GM and Chrysler before they dole out more money.
Kevin G. Hall / McClatchy Washington Bureau:
Feds declare GM, Chrysler not viable, refuse more aid  —  WASHINGTON — President Barack Obama on Monday will reject requests for almost $22 billion in new taxpayer bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.
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.
Henry Pulizzi / Wall Street Journal:
Obama Outlines GM, Chrysler Plans  —  WASHINGTON—Warning that they can't depend on unending taxpayer dollars, President Barack Obama on Monday gave General Motors Corp. and Chrysler LLC a brief window to craft plans that would justify fresh government loans.
Chris Cillizza / The Fix:
White House Cheat Sheet: Obama Plays Hardball on Autos  —  The Obama administration's ouster of General Motors Chairman Richard Wagoner coupled with its decision to reject viability plans offered by GM and Chrysler represent a hard line stance toward dedicating government resources to a pillar of the American economy.
New York Times:
Obama Issues Ultimatum to Carmakers
Peter Whoriskey / Washington Post:
GM Chief to Resign at White House's Behest
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, myself included, have piled on Senate Majority Leader Harry Reid for siding with Evan Bayh's “moderate working group” at the expense of the progressive wing of the party.  However, he actually made a far more damaging statement about Democrats in general last Friday.
Discussion: Eschaton
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:
Howard Kurtz / Washington Post:
Online, Vox Populi Can Roar
Discussion: WebNewser
Marisa Guthrie / Broadcasting & Cable:
O'Reilly: We Want Obama to Succeed
Discussion: Think Progress and The Plum Line
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 …
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:
David Kurtz / Talking Points Memo:
Buy High, Sell Low
Discussion: Raw Story
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 …
Robert Stacy McCain / The Other McCain:
Andrew Breitbart Shows Why He's Becoming One of the Most Important Columnists in America Today  —  Ace of Spades was the first to call my attention to the pervasiveness of Obama's Astroturf blog-troll army.  They seemed to start showing up in July, and by September they were ubiquitous.
Discussion: Pundit & Pundette
RELATED:
Washington Times:
Rules for conservative radicals
media.gm.com:
GM Message From Rick Wagoner  —  On Friday I was in Washington for a meeting with Administration officials.  In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have.  —  Fritz Henderson is an excellent choice to be the next CEO of GM.
RELATED:
Henry Blodget / Clusterstock:
Rick Wagoner Goes But Ken Lewis Stays?
Discussion: TPMDC, Talking Points Memo and Reuters
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 …
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 …
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 …
Kathleen Gray / Detroit Free Press:
Hoekstra enters race for Michigan governor  —  With a catch phrase of “Michigan's Future Begins with Us,” U.S. Rep. Pete Hoekstra kicked off his campaign for governor in Detroit this morning.  —  “We need to begin the process of rebuilding a strong Michigan,” said Hoekstra, 55 …
Paul Krugman / New York Times:
America the Tarnished  —  Ten years ago the cover of Time magazine featured Robert Rubin, then Treasury secretary, Alan Greenspan, then chairman of the Federal Reserve, and Lawrence Summers, then deputy Treasury secretary.  Time dubbed the three “the committee to save the world,” …
Chris Cillizza / The Fix:
NY-20: Democrat Closes with Palin, Limbaugh  —  In the closing hours of the special election in New York's 20th district, Democrat Scott Murphy is doing everything he can to nationalize the race around some of the more controversial figures in the Republican Party.
Discussion: TIME.com and Albany Times Union
Simon Johnson / The Baseline Scenario:
Obama Against The Odds  —  The G20 summit is headed for disaster.  The Europeans have circled their wagons and determined that no sensible policy proposal shall pass.  The background briefings indicate (a) the US has given up on global fiscal stimulus ("declare victory and retreat" …
Discussion: Riehl World View
Adele Stan / The Huffington Post:
O'Reilly and Barbara Walters: A Very Limited View  —  One would think that with four women co-hosts, Bill O'Reilly would have been put to the test in today's appearance on “The View” (ABC), given his producer's stalking of blogger Amanda Terkel and the uproar that has followed.
CNN:
Image shows North Korea rocket on launch pad  —  (CNN) — A North Korean rocket slated for launch sometime early next month can be clearly seen in a satellite photograph taken Sunday, the Institute for Science and International Security said Sunday.  —  The satellite imagery …
Discussion: Danger Room
 
 
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 More Items: 
dawn.com:
Terrorists overpowered in Manawan attack, 13 killed
The Politico:
Dems fear defections in PMA probe
Discussion: Congress Matters
Susan Saulny / New York Times:
Banks Starting to Walk Away on Foreclosures
Discussion: Housing Wire
David Weigel / The Washington Independent:
British Media Rumors Catch Drudge's Eye, Liberal Ire
David Horowitz / Front Page Magazine:
Obama Derangement Syndrome
Ambrose Evans-Pritchard / Telegraph:
Russia backs return to Gold Standard to solve financial crisis
 Earlier Items: 
Josh Marshall / Talking Points Memo:
Frightful Kindle  —  Until quite recently, I'd seen a Kindle only once.
New York Times:
Merkel Is Set to Greet, and Then Resist, Obama
Discussion: Time and TIME.com
David Carr / New York Times:
Cable News Stokes Political Fever