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10:55 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:
Political Punch:
An Obama Administration Job for Sen. Specter?  —  Sources tell ABC News that Sen. Arlen Specter, D-Pennsylvania, has informed the White House that he would like to consider remaining in public service after his Senate term ends at the end of this session, and White House officials are keeping …
Jordan Fabian / The Hill:
DNC circulates memo on Capitol Hill plugging Dem advantage in elections  —  The Democratic National Committee (DNC) Thursday night circulated a polling memo around Capitol Hill talking up Democrats' advantages over Republicans in the fall midterm elections.  —  The memo argues that …
Discussion: The Politico and Weasel Zippers
New York Times:
Congress Passes Financial Oversight Reform  —  WASHINGTON — The sweeping expansion of federal financial regulation approved by Congress on Thursday and now headed to President Obama's desk reflects a renewed mistrust of financial markets after decades in which Washington stood back from Wall Street with wide-eyed admiration.
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Boehner: Wall Street Reform Should Be Repealed  —  They're not campaigning on it in earnest — at least not yet — but Republican leaders say that, given the power, they would like to do away with Wall Street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
Sen. Ted Kaufman / The Huffington Post:
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
Discussion: Daily Kos and CNN
Washington Post:
Senate passes financial overhaul bill
Steve Benen / Washington Monthly:
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
Discussion: TPMDC
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 Settles Its Battle With SEC
Discussion: TPMCafe and Law Blog
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:
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:
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
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.
Trainwrecks / RADAR:
EXCLUSIVE NEW AUDIO: Mel Gibson Completely Loses It: ‘B*tch, C*nt, Wh*re, Gold Digger!’  —  WARNING: This audio may not be reproduced or republished.  —  Screaming, snarling and panting Mel Gibson completely loses it in new audio obtained and released exclusively by RadarOnline.com.
Discussion: Gothamist, Time, Mediaite, Hot Air and Gawker
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
Michael O'Brien / The Hill:
Scott Brown slams Kathy Griffin for calling daughters ‘prostitutes’  —  Sen. Scott Brown (R-Mass.) lashed out at comedienne Kathy Griffin on Thursday for describing his daughters as “prostitutes.”  —  Brown strongly condemned remarks Griffin made on CNN in which she mocks Brown's daughters, Ayla and Arianna.
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:
GOP retaliates for Berwick recess appointment to Medicare leadership post  —  Senate Republicans are still fuming over the recess appointment of Donald Berwick to head the federal agency in charge of Medicare and Medicaid.  —  In retaliation, Senate Republican Leader Mitch McConnell (Ky.) …
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 …
DFrum / The Daily Dish:
What's the Mission?  A Bleg  —  Andrew last week generously linked to an article of mine explaining the evolution of my political thinking.  —  But the thing I'd most like to discuss in this week of cross-posting at Andrew's site is: where do we go from here?  What's the mission?
Discussion: Newsalert
Jim Hoft / Gateway Pundit:
Dem Rep Sheila Jackson Lee Tells NAACP: “All Those Who Wore Sheets a Long Time Ago Lifted Them Off to Wear Tea Party Clothing” (Applause!)  —  Representative Sheila Jackson Lee (D-TX) told the NAACP this week that those who wore sheets lifted them off and are now wearing tea party clothing.
 
 
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 More Items: 
Susan Davis / Washington Wire:
GOP Has Money Momentum in Open Senate Races
Discussion: Beltway Confidential
Howard Berkes / NPR:
Massey Mine Workers Disabled Safety Monitor
Discussion: Firedoglake, Coal Tattoo and Wonk Room
Myglesias / Matthew Yglesias:
The Underrated FinReg Bill
KDVR:
GOP abandoning McInnis; candidate vows to fight on
Peter Hamby / CNN:
Surprise player in Iowa GOP primary revealed
Discussion: Des Moines Register and Ballot Box
John Hooper / Guardian:
Vatican: female ordination a crime
Discussion: Jezebel, Shakesville and Politics Daily
 Earlier Items: 
Dean Baker / TPMCafe:
Erskine Bowles and the Price of Ignorance: $335,000 a Year
Discussion: American Power
Krissah Thompson / Washington Post:
2008 voter-intimidation case against New Black Panthers a political bombshell