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11:40 AM ET, February 1, 2010

memeorandum

 Top Items: 
Jonathan Weisman / Wall Street Journal:
Deficit to Hit All-Time High  —  Obama's $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops  —  WASHINGTON—President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year …
RELATED:
Jackie Calmes / New York Times:
Deficit to Grow $100 Billion Under New Obama Budget  —  WASHINGTON — President Obama sent Congress on Monday a proposed budget of $3.8 trillion for the fiscal year 2011, saying that his plan would produce a decade-long reduction in the deficit from $1.6 trillion this year …
Lori Montgomery / Washington Post:
Obama unveiling $3.8T federal budget blueprint  —  The $3.8 trillion budget blueprint President Obama is submitting to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class.
Mark Silva / The Swamp:
Obama's budget: $3.8 trillion, w/ a prison  —  President Barack Obama today will propose a new, $3.8 trillion federal budget that boosts spending in some areas, such as education and job-creation, but cuts spending elsewhere.  It also envisions higher taxes for Americans earning more than $250,000 a year.
Ezra Klein:
The argument Obama didn't win
presstv.ir:
‘Iran will deliver telling blow to global powers on Feb. 11’  —  Iranian President Mahmoud Ahmadinejad says the nation will deliver a harsh blow to the “global arrogance” on this year's anniversary of the Islamic Revolution.  —  “The Islamic Revolution opened a window to liberty for the human race …
RELATED:
Guardian:
US raises stakes on Iran by deploying missile shield  —  Pentagon says Patriot shield will deter strike on American allies in the Gulf  —  Tension between the US and Iran heightened dramatically today with the disclosure that Barack Obama is deploying a missile shield to protect American allies in the Gulf from attack by Tehran.
Sam Dillon / New York Times:
Obama to Seek Sweeping Change in ‘No Child’ Law  —  The Obama administration is proposing a sweeping overhaul of President Bush's signature education law, No Child Left Behind, and will call for broad changes in how schools are judged to be succeeding or failing, as well as for the elimination …
Elisabeth Bumiller / New York Times:
Forces Pushing Obama on 'Don't Ask, Don't Tell'  —  WASHINGTON — President Obama and top Pentagon officials met repeatedly over the past year about repealing “don't ask, don't tell,” the law that bans openly gay members of the military.  —  But it was in Oval Office strategy sessions …
RELATED:
CNN:
Review shows dramatic shift in Pentagon's thinking
Discussion: The Page
Fouad Ajami / Wall Street Journal:
The Obama Spell Is Broken  —  Unlike this president, John Kennedy was an ironist who never fell for his own mystique.  —  The curtain has come down on what can best be described as a brief un-American moment in our history.  That moment began in the fall of 2008, with the great financial panic …
Glenn Thrush / Glenn Thrush's Blog:
Hoekstra: Ax Xmas bomber remark is “crazy”  —  Following up on the theme I struck on the night of Scott Brown's victory: Despite all the Dem self-congratulation about the Trippi-Plouffe social networking political revolution, Republicans are absolutely killing Democrats when it comes to leveraging the web to go negative.
RELATED:
Howard Kurtz / Washington Post:
Media Notes: Jon Stewart's Obama barbs on ‘The Daily Show’ are creating buzz  —  Days before the 2008 election, Jon Stewart jokingly asked Barack Obama whether his “white half” would have trouble making a decision in the voting booth.  —  “Yeah,” the candidate said, “I've been going through therapy to make sure that I vote properly.”
The Politico:
Democrats squabble over jobs bill  —  Democrats from the president on down say jobs are their No. 1 priority, and Senate Majority Leader Harry Reid expects to announce details of a bill this week.  But a squabble among Senate Democrats is complicating early efforts to bring a bill to the floor.
Discussion: Guardian, The Page and SENATUS
Paul Krugman / New York Times:
Good and Boring  —  In times of crisis, good news is no news.  Iceland's meltdown made headlines; the remarkable stability of Canada's banks, not so much.  —  Yet as the world's attention shifts from financial rescue to financial reform, the quiet success stories deserve at least as much attention as the spectacular failures.
Discussion: JustOneMinute and Prairie Weather
Brian Stelter / New York Times:
New Role Puts Anchor in Fox News Spotlight  —  First “America's Newsroom.”  Then “America's Election Headquarters.”  And on Monday, Megyn Kelly will begin anchoring a third all-about-America newscast, “America Live.”  —  “We're big on America here at Fox,” Ms. Kelly said in an interview last week.
RELATED:
Steve Benen / Washington Monthly:
PUTTING THE PENTAGON BUDGET ON THE TABLE?.... When the White House started talking up the notion of a spending freeze (which isn't really a spending freeze) last week, officials outlined a proposal with modest reductions in discretionary spending not related to national security.
Casey Ross / Boston Globe:
Financial executives spent big on Brown  —  May be precursor to midterm elections; Obama's proposed regulations key issue  —  In a six-day span just before the US Senate election, Republican Scott Brown collected nearly $450,000 from donors who work at financial companies …
Times of London:
Lloyd Blankfein of Goldman Sachs ‘expecting $100 million bonus’  —  Goldman Sachs, the world's richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.
Harvey Mansfield / Weekly Standard:
What Obama Isn't Saying  —  The apolitical politics of progressivism.  —  “I am not the first president to take up this cause, but I am determined to be the last.”  —  The words are those of President Barack Obama speaking to Congress on health care reform on September 9, 2009.
Discussion: Power Line and The Glittering Eye
Jerry Markon / Washington Post:
New media help conservatives get their anti-Obama message out  —  In November, the morning after Election Day, a conservative blogger in Georgia blasted an e-mail to 65,000 people.  —  Erick Erickson's 5 a.m. “Morning Briefing” seemed counterintuitive — the election of a Democrat …
Discussion: NewsBusters.org and AmSpecBlog
Ben Smith / Ben Smith's Blog:
Dem. senators spent weekend with bank, energy, tobacco lobbyists  —  Twelve Democratic Senators spent last weekend in Miami Beach raising money from top lobbyists for oil, drug, and other corporate interests that they often decry, according to a guest list for the event obtained by POLITICO.
Discussion: DSCC and Riehl World View
 
 
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 More Items: 
Steven Lee Myers / New York Times:
Scores Killed in Attack on Shiite Pilgrims in Iraq
Discussion: Politics Daily and Jihad Watch
Tom Braithwaite / Financial Times:
US banks face insider trading probe
Discussion: FT Alphaville and naked capitalism
Ben Stein / American Spectator:
Free James O'Keefe
Wall Street Journal:
Obama to Skip Annual EU Summit
Discussion: AmSpecBlog
 Earlier Items: 
Stephanie Clifford / New York Times:
Editorial Shake-Up as Harper's Tries to Stabilize in a Downturn
Discussion: Felix Salmon
Marc Ambinder / The Atlantic Politics Channel:
Should Edwards Aides Be Shamed And Blamed?
Discussion: Kausfiles
The Huffington Post:
Kathleen Wells, J.D.: Congressman Engel's Passionate Response …
Discussion: The Hill
James Chapman / Daily Mail:
500,000 hospital patients sent home too soon every year (and 1,500 …
Discussion: POWIP, Don Surber and Gateway Pundit
Associated Press:
Formula Shows Why It's So Hard to Cut Jobless Rate
Discussion: Firedoglake
Josh Kraushaar / Scorecard's Blog:
Behind the fundraising numbers
Discussion: Post on Politics
Good Lt / The Jawa Report:
Glenn Beck Destroys Chris “I Forgot He Was Black For An Hour” Matthews