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5:00 PM ET, April 22, 2010

memeorandum

 Top Items: 
Time:
BANKS: Deposits Guaranteed … Through the great banking houses of Manhattan last week ran wild-eyed alarm.  Big bankers stared at one another in anger and astonishment.  A bill just passed by both houses of Congress would rivet upon their institutions what they considered a monstrous system of guaranteeing bank deposits.
RELATED:
The White House:
Remarks by the President on Wall Street Reform Cooper Union, New York, New York  —  THE PRESIDENT: Thank you very much.  Everybody, please have a seat.  Thank you very much.  Well, thank you.  It is good to be back.  (Applause.)  It is good to be back in New York, it is good to be back in the Great Hall at Cooper Union.
Ezra Klein:
What would FDR do?  —  In 1936, Franklin Delano Roosevelt took the podium at Madison Square Garden to deliver a message to his critics.  “We [have] had to struggle with the old enemies of peace,” he said.  “Business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
Discussion: New Deal 2.0 and Newsweek Blogs
Peter Baker / New York Times:
Obama Issues Sharp Call for Reforms on Wall Street  —  WASHINGTON - President Obama is traveling to the shadow of Wall Street on Thursday to counter what he calls “the furious efforts of industry lobbyists” trying to weaken or kill new financial regulations that he says are needed to stave off a second Great Depression.
Myglesias / Matthew Yglesias:
Higher Taxes: The Solution to Obscene Wall Street Profits  —  Ezra Klein uses some charts and graphs to demonstrate how profits and compensation have skyrocketed on Wall Street, and concludes: … I don't really understand this progressive passion for trying to micromanage the structure of the American economy.
Discussion: Ezra Klein
New York Post:
City economy imperiled in the name of ‘reform’
Discussion: Atlas Shrugs and Politics Daily
Victor Zapanta / Think Progress:
VIDEO: The GOP's Solution To Everything — Let's ‘Start Over’
Discussion: Grasping Reality …
Sam Youngman / The Hill:
Obama on Wall Street: A vote for reform is a vote to stop bailouts
Discussion: CNN
Dave Itzkoff / ArtsBeat:
‘South Park’ Episode Is Altered After Muslim Group's Warning  —  A message posted on SouthParkStudios.com, the Web site of Trey Parker and Matt Stone's production company.  —  8:56 a.m. |  Updated  —  An episode of “South Park” that continued a story line involving the Prophet Muhammad …
RELATED:
BBC:
South Park warned on Muhammad
Andrew Sullivan / The Daily Dish:
Puss-TV vs Non-Puss TV
Discussion: The Awl
Reuters:
Exclusive: WellPoint routinely targets breast cancer patients  —  (Reuters) - One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled.  First there was Yenny Hsu, who lived and worked in Los Angeles.
RELATED:
Jane Hamsher / Firedoglake:
WellPoint Targets Breast Cancer Patients for Recision
CNN:
Poll: Obama gets thumbs down on Israel  —  One third of Americans approve of how President Obama is handling the conflict between Israel and the Palestinians, according to a new poll.  —  Washington (CNN) - Only a third of Americans approve of the way President Obama's handling …
Discussion: Time and Israel Matzav
RELATED:
Reuters:
The tea party's exaggerated importance  —  2009 was the year when many journalists concluded they were slow to recognize the anti-government, anti-Obama rage that gave birth to the tea party movement.  —  2010 is the year when news organizations have decided to prove they get it.  —  And get it.
RELATED:
Christina Kauffman / YD Home:
Gingrich draws crowd to York speech
Carrie Budoff Brown / The Politico:
Reid moves forward with reform vote  —  Senate Majority Leader Harry Reid (D-Nev.) said Thursday that he will not wait for Democrats and Republicans to reach a bipartisan compromise on a Wall Street reform bill, pledging to move ahead with the first key test vote Monday.
Discussion: The Page, TPMDC and Pat Dollard
RELATED:
Ben Geman / The Hill:
Pelosi tells Reid: Immigration bill before climate change is ‘fine’
Ralph Z. Hallow / Washington Times:
Internal RNC probe finds financial controls in disarray  —  Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending …
RELATED:
George F. Will / Press Association:
Bringing Thunder-ous change to New Jersey  —  The bridge spanning the Delaware River connects New Jersey's capital with this town where the nation's most interesting governor occasionally eats lunch at Cafe Antonio.  It also connects New Jersey's government with reality.
RELATED:
Jennifer Rubin / Commentary:   Christie Targets Public-Employee Unions
Charles Babington / Associated Press:
Obama suggests value-added tax may be an option  —  WASHINGTON - President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days.
RELATED:
CNN:
U.S. appeals ruling striking down National Day of Prayer
Thomas Fitzgerald / Philly.com:
In Pa. House race, identity politics with a twist  —  It's happened so often that it's now a cultural cliche: the gay politician pretending to be straight.  In most parts of the nation, homosexuality or bisexuality is a clear electoral liability.  —  Not in Center City's 182d state House district.
Discussion: Moonbattery and Seattle Times
Marist Poll:
4/22: Making Change with the 50 Dollar Bill  —  A Republican congressman from North Carolina has proposed legislation that would replace the image of President Ulysses S. Grant on the fifty dollar bill with that of President Ronald Reagan.  Do Americans want this change to occur?
Jonathan Chait / The New Republic:
Conservative Radio Silence On Financial Regulation  —  Yesterday I commented on the miraculous nature of the sudden revival of financial reform.  One other key element in this upsurge is the intellectual disarray on the right.  Conservatives do not know what to say or think about this.
Tim Shipman / Daily Mail:
'I've gone from being Churchill to a Nazi in a week': Clegg defends attack on Britain's ‘delusions of grandeur’ over WWII  —  A rattled Nick Clegg today sought to defend himself over his claim that the British people have a ‘more insidious cross to bear’ than Germany over World War II.
Fox News:
Rove's Take: Races to Watch in November, Finance Regulation Reform and Tea Party Power  —  This is a rush transcript from “On the Record,” April 21, 2010.  This copy may not be in its final form and may be updated.  —  GRETA VAN SUSTEREN, FOX NEWS HOST: Tonight: Get this.  Karl Rove is a roadie?
Andrew Taylor / Associated Press:
Millions face tax increases under Dems budget plan  —  WASHINGTON - President Barack Obama's Democratic allies in the Senate promise to cut the deficit by almost two-thirds over the next five years, but their budget plan could threaten about 30 million people with tax increases averaging $3,700 …
 
 
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 More Items: 
Dennis Cauchon / USA Today:
Banks receiving government aid cut loans
Discussion: Politics Daily
Russell Goldman / ABCNEWS:
Biden: Sanctions Against Iran ‘By The End of This Month’
Discussion: CNN and The Hill
Ashish Kumar Sen / Washington Times:
Senior official quits Amnesty International
Associated Press:
Nearly 4M to pay health insurance penalty by 2016
Discussion: Weekly Standard and AmSpecBlog
Blue Texan / Firedoglake:
GM Pays Back Government Loan 5 Years Early, Right-Wingers Wipe Egg from Faces
Ezra Klein:
Dodd: 'It's not size; we're preoccupied with size.'
Discussion: Firedoglake and Matthew Yglesias
 Earlier Items: 
kff.org:
Kaiser Health Tracking Poll — April 2010
Discussion: The Fix and USA Today
Chris Cillizza / The Fix:
Billionaire Jeff Greene considering candidacy in Florida Senate
Wall Street Journal:
The Busted Homes Behind Big Bet