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8:55 PM ET, July 15, 2010

memeorandum

 Top Items: 
The Politico:
Why President Obama loses by winning  —  The imminent passage of financial reform, just a couple months after the passage of comprehensive health care, should decisively end the narrative that President Obama represents a Jimmy Carter-style case of naïve hope crushed by the inability to master Washington.
RELATED:
Greg Sargent / The Plum Line:
Politico's theory: Liberal bloggers don't care if Dems sustain large losses this fall  —  I'm probably a sucker for biting on this attack on the liberal blogosphere from Poiltico top-dog editors John Harris and Jim VandeHei, but this is so divorced from reality that it really shouldn't go unanswered:
Jia Lynn Yang / Washington Post:
Companies pile up cash but remain hesitant to add jobs  —  Corporate America is hoarding a massive pile of cash.  It just doesn't want to spend it hiring anyone.  —  Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession.
David M. Herszenhorn / New York Times:
Congress Sends Financial Overhaul Bill to Obama  —  WASHINGTON — Congress on Thursday gave final approval to an overhaul of the nation's financial regulatory system, intended to address the causes of the 2008 economic crisis and rewrite the rules for a more complex — and mistrustful — era on Wall Street.
RELATED:
Brian Beutler / TPMDC:
Boehner: Wall Street Reform Should Be Repealed  —  They're not campaigning on it in earnest — at least not yet — but Republican leaders say that, given the power, they would like to do away with Wall Street reform much like they have already discussed repealing health care reform.
Wall Street Journal:
Law Remakes U.S. Financial Landscape  —  Senate Passes Overhaul That Will Touch Most Americans; Bankers Gird for Fight Over Fine Print  —  Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Sen. Christopher Dodd smile during a news conference on Capitol Hill.
Sen. Ted Kaufman / The Huffington Post:
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
Discussion: Daily Kos and CNN
Steve Benen / Washington Monthly:
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
Discussion: TPMDC
Jim Puzzanghera / Los Angeles Times:
Passage of financial overhaul is only half the battle
Discussion: Open Congress and The Swamp
RELATED:
Washington Post:
Oil leak stopped for first time since April  —  BP said Thursday that it has stopped oil from leaking out of its blown-out well in the Gulf of Mexico.  The gusher has been throttled for the first time since the April 20 blowout on the drilling rig Deepwater Horizon.
RELATED:
ABCNEWS:
Stopped: In Test of Cap, Oil Stops Flowing for First Time in 87 Days
CBS News:
BP: No New Oil Flowing into Gulf of Mexico
Discussion: ABCNEWS, Hot Air and Associated Press
DealBook:
Goldman Settles With S.E.C. for $550 Million  —  Updated Updated with confirmation of The New York Times's report about Goldman's $550 million settlement.  —  Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm …
RELATED:
U.S. Securities and Exchange Commission:
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges Related to Subprime Mortgage CDO  —  Firm Acknowledges CDO Marketing Materials Were Incomplete and Should Have Revealed Paulson's Role  —  FOR IMMEDIATE RELEASE  —  2010-123  —  Washington, D.C., July 15, 2010 …
Wall Street Journal:
Goldman to Pay $550 Million to Settle SEC Suit
Discussion: TPMCafe and Law Blog
Patrick Gavin / The Politico:
CARLSON LAUNCHES OLBERMANN SITE  —  You may (or may not) have noticed that there's been a bit of a feud taking place between MSNBC's Keith Olbermann and the Daily Caller, the website run by (former MSNBC'r) Tucker Carlson.  —  The Caller — via its Twitter account, especially …
Discussion: Salon and National Review
RELATED:
The Daily Caller:
The Daily Caller acquires KeithOlbermann.com  —  The Daily Caller, one of the fastest-growing online media properties, announced today its acquisition of KeithOlbermann.com, expanding the company's global reach into a new segment of the online political market.
Tom Jensen / Public Policy Polling:
Pretty Bad 2012 numbers for Obama  —  With his approval numbers hitting new lows it's no surprise that Barack Obama's numbers in our monthly look ahead to the 2012 Presidential race are their worst ever this month.  He trails Mitt Romney 46-43, Mike Huckabee 47-45, Newt Gingrich 46-45, and is even tied with Sarah Palin at 46.
David W. Dunlap / City Room:
18th-Century Ship Found at Trade Center Site  —  In the middle of tomorrow, a great ribbed ghost has emerged from a distant yesterday.  —  On Tuesday morning, workers excavating the site of the underground vehicle security center for the future World Trade Center hit a row of sturdy …
Alexander Bolton / The Hill:
Byrd's successor to take oath Tuesday  —  The Senate will swear in the successor to the late Sen. Robert Byrd (D-W.Va.) at 2:15 pm next Tuesday, even though the identity of the new senator remains unknown.  —  Senate Majority Leader Harry Reid (D-Nev.) told colleagues Thursday that Democrats …
Discussion: The Swamp, The Note and Ballot Box
RELATED:
Reid Wilson / Hotline On Call:
Reid Will Push Wounded DISCLOSE Act
Discussion: Beltway Confidential and Hot Air
Bbtv / Breitbart.tv:
Breitbart to NAACP Chief: ‘Go to Hell!’  —  “Let me say something a tad newsworthy to the president of the NAACP.  You can go to hell. ...  I have tapes...tape of racism and it's an NAACP dinner.  You want to play with fire?  I have evidence of racism and it's coming from the NAACP.”
Discussion: Say Anything and Townhall.com
Wall Street Journal:
Three Million Imaginary Jobs  —  The White House says the stimulus worked beyond even its hopes.  Seriously.  —  It may be that the last people in America who believe that the $862 billion economic stimulus of February 2009 created millions of net new jobs are Vice President Joe Biden and the staff economists in the White House.
New York Times:
The Google Algorithm  —  Google handles nearly two-thirds of Internet search queries worldwide.  Analysts reckon that most Web sites rely on the search engine for half of their traffic.  When Google engineers tweak its supersecret algorithm — as they do hundreds of times a year …
Karl Rove / Wall Street Journal:
My Biggest Mistake in the White House  —  Failing to refute charges that Bush lied us into war has hurt our country.  —  Seven years ago today, in a speech on the Iraq war, Sen. Ted Kennedy fired the first shot in an all-out assault on President George W. Bush's integrity.
Rasmussen Reports:
Election 2010: Wisconsin Senate  —  Wisconsin Senate: Johnson (R) 47%, Feingold (D) 46%  —  Democratic incumbent Russ Feingold and his chief Republican challenger Ron Johnson remain locked in a neck-and-neck battle for the U.S. Senate in Wisconsin.  —  The latest Rasmussen Reports telephone survey …
John Hooper / Guardian:
Vatican: female ordination a crime  —  Revised Catholic rules put female ordination in same category of crime under church law as clerical sex abuse of minors  —  The Vatican today made the “attempted ordination” of women one of the gravest crimes under church law, putting it in the same category …
Discussion: Jezebel, Shakesville and Politics Daily
Myglesias / Matthew Yglesias:
The Underrated FinReg Bill  —  The Dodd/Frank financial regulation bill that passed the U.S. Senate today isn't the greatest piece of legislation in human history, but with eighty percent of Americans saying they have little or no confidence in the bill I think it's fair to say that these measures have become substantially underrated.
Dean Baker / TPMCafe:
Erskine Bowles and the Price of Ignorance: $335,000 a Year  —  Erskine Bowles is one of the co-chairman of President Obama's deficit commission.  He gained notoriety recently by revealing the fact that he had no clue as to the size of the country's deficit problem even after engaging …
Discussion: American Power
Susan Davis / Washington Wire:
GOP Has Money Momentum in Open Senate Races  —  Underscoring the momentum shift behind the GOP in the midterm elections, Republican candidates out-raised Democrats in the second quarter in every competitive race for an open Senate seat.  —  Below is a snapshot of the key races and their money haul for the second quarter.
Discussion: Beltway Confidential
Annie Lowrey / The Washington Independent:
In Dodging a Budget Vote, Dems Take Reconciliation Off the Table  —  Decision Could Preclude a Jobs Bill Next Year … On Tuesday, the Treasury Department announced that the country's deficit had hit the $1 trillion mark just nine months into the fiscal year.
 
 
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 More Items: 
Howard Berkes / NPR:
Massey Mine Workers Disabled Safety Monitor
Discussion: Coal Tattoo, Firedoglake and Wonk Room
KDVR:
GOP abandoning McInnis; candidate vows to fight on
Associated Press:
SC minor league team making Alvin Greene figures
Brian Mackey / Off the Clock:
Free Blagojevich ringtones are (bleeping) golden
Discussion: USA Today and New York Magazine
Peter Hamby / CNN:
Surprise player in Iowa GOP primary revealed
Discussion: Des Moines Register and Ballot Box
Glenn Greenwald / Salon:
The revolving door spins faster on healthcare reform
 Earlier Items: 
Beth Reinhard / Naked Politics:
Jeff Greene raises $3,036, spends $5.8 million
The Huffington Post:
The Bush Revival: How Jeb, Rove, Gillespie Are Leading The GOP Again
Discussion: Hot Air
Krissah Thompson / Washington Post:
2008 voter-intimidation case against New Black Panthers a political bombshell