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5:40 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:
Paul Kane / Washington Post:
House Democrats hit boiling point over perceived lack of White House support  —  House Democrats are lashing out at the White House, venting long-suppressed anger over what they see as President Obama's lukewarm efforts to help them win reelection — and accusing administration officials …
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:
Sen. Ted Kaufman / The Huffington Post:
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
Discussion: CNN and Daily Kos
Steve Benen / Washington Monthly:
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
Discussion: TPMDC
Silla Brush / The Hill:
Senate passes Wall St. reform
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, the largest penalty 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:
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.
RELATED:
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.
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
Henry Fountain / New York Times:
BP Says Cap Is Repaired and Cutoff Test Can Proceed
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.
RELATED:
New York Times:
Fund-Raising Before House Vote Draws Scrutiny  —  WASHINGTON — Lawmakers take contributions every day from corporate executives and lobbyists hoping for their votes.  The question of whether that represents business as usual in Washington or an ethics breach is at the heart …
RELATED:
Jordy Yager / The Hill:
Pelosi chooses interim House CAO
Discussion: The Politico
Rep. Michele Bachmann / The Politico:
Thank you, Sarah Palin
Discussion: FrumForum
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.
RELATED:
Patrick Gavin / The Politico:
CARLSON LAUNCHES OLBERMANN SITE
Discussion: Salon
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 …
KDVR:
GOP abandoning McInnis; candidate vows to fight on  —  KDVR Denver  —  DENVER - Republican gubernatorial candidate Scott McInnis on Thursday denied reports that he plans to drop out of the race amid allegations of plagiarism.  —  “I am in it to win it.  We will continue to fight …
RELATED:
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.
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.
Alexei Barrionuevo / New York Times:
Argentina Approves Gay Marriage  —  BUENOS AIRES — Argentina's Senate narrowly approved a measure early on Thursday authorizing same-sex marriages, making Argentina the first country in Latin America to allow gay couples to wed.  —  After 15 hours of debate, the Senate voted 33 to 27 …
RELATED:
Joshua Green / The Atlantic Online:
How the GOP is Saving Gay Marriage
Discussion: Wonk Room
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 …
John F. Burns / New York Times:
BP Faces Scrutiny in Lockerbie Case  —  LONDON — The oil giant BP faced a new furor on Thursday as it confirmed that it had lobbied the British government to conclude a prisoner-transfer agreement that the Libyan government wanted to secure the release of the only person ever convicted …
Mark Halperin / Time:
Sarah Palin in '12?  Why She's for Real  —  The music swells and then picks up tempo.  Sarah Palin is talking about how 2010 will be the year that “commonsense conservative women get things done for our country.”  She's worried about “these policies coming out of D.C. right now …
Discussion: Taylor Marsh and The Page
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 …
Krissah Thompson / Washington Post:
2008 voter-intimidation case against New Black Panthers a political bombshell  —  A 2008 voter-intimidation case has become a political controversy for the Obama administration as conservative lawyers, politicians and commentators raise concerns that the Department of Justice has failed to protect the civil rights of white voters.
John R. Emshwiller / Wall Street Journal:
Senate VIP Loans Mount  —  Countrywide Dealt With More Lawmakers and Staffers Than Previously Known  —  Angelo Mozilo, former Countrywide Financial chairman  —  U.S. senators or Senate employees received 30 loans—far more than had previously been known—under a controversial lending program …
Discussion: Michelle Malkin
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 Note and Ballot Box
 
 
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 More Items: 
Daniel Indiviglio / The Atlantic Online:
Congress Approves Sweeping Financial Regulation Bill
Discussion: Ezra Klein and AmSpecBlog
Kendra Marr / The Politico:
Obama: ‘Jobs of the future’ in Mich.
Discussion: CNN
postandcourier.com:
Mr. Liberty, Alvin Greene, part of RiverDogs action figure promotion
Julie Bisbee / Daily Oklahoman:
Oklahoma congressional candidate says he will not accept money …
Discussion: Weasel Zippers, Jihad Watch and The Eye
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
Beth Reinhard / Naked Politics:
Jeff Greene raises $3,036, spends $5.8 million
Discussion: The Daily Caller
 Earlier Items: 
The Huffington Post:
The Bush Revival: How Jeb, Rove, Gillespie Are Leading The GOP Again
Dean Baker / TPMCafe:
Erskine Bowles and the Price of Ignorance: $335,000 a Year
Discussion: American Power
CNBC:
Economic Recovery Showing New Signs of Losing Steam
Discussion: Firedoglake and Matthew Yglesias