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1:35 PM ET, August 22, 2010

memeorandum

 Top Items: 
Frank Rich / New York Times:
How Fox Betrayed Petraeus  —  THE “ground zero mosque,” as you may well know by now, is not at ground zero.  It's not a mosque but an Islamic cultural center containing a prayer room.  It's not going to determine President Obama's political future or the elections of 2010 or 2012.
msnbc.com:
Iran unveils ‘ambassador of death’ bomber  —  But unmanned aircraft has ‘message of peace,’ President Ahmadinejad says  —  TEHRAN, Iran — Iranian President Mahmoud Ahmadinejad Sunday inaugurated the country's first domestically built long-range unmanned bomber aircraft, calling it an “ambassador of death” to Iran's enemies.
RELATED:
Graham Bowley / New York Times:
In Striking Shift, Small Investors Flee Stock Market  —  Renewed economic uncertainty is testing Americans' generation-long love affair with the stock market.  —  Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year …
Dan Balz / Washington Post:
Reagan's first term offers measuring stick for Obama  —  Throughout this long year, President Obama's advisers have sometimes looked to Ronald Reagan for comparison and inspiration.  If the Gipper could survive a deep recession, low approval ratings and an adverse midterm election …
Andy McCarthy / National Review:
Ground Zero Thought Experiment  —  A friend poses the following: Imagine that there really were these fundamentalist Christian terror cells all over the United States, as the Department of Homeland Security imagines.  Let's say a group of five of these terrorists hijacked a plane, flew it to Mecca, and plowed it into the Kaaba.
Jared Allen / The Hill:
Blagojevich: Will call Emanuel, Reid, Menendez in retrial  —  Former Illinois Gov. Rod Blagojevich said Sunday that he would call a host of high-profile witnesses — including White House Chief of Staff Rahm Emanuel — to testify if he is retried on corruption charges.
Discussion: The Jawa Report and CNN
Maureen Dowd / New York Times:
Going Mad in Herds  —  At the Bunch of Grapes bookstore on Martha's Vineyard, the sojourning President Obama bought a few books, including “To Kill a Mockingbird” by Harper Lee.  It was for his daughter, but it may have also conjured a sweet memory for the beleaguered president.
Discussion: Althouse and Prairie Weather
Scott Wilson / Washington Post:
Republicans question whether President Obama deserves a vacation  —  VINEYARD HAVEN, MASS. — For the second straight year, the first family has landed on this island of quaint seaside towns, second homes and working farms for a late-summer getaway.  —  But this year, more so than last …
New York Times:
For Social Security, a Birthday Makeover  —  Social Security, now celebrating its 75th birthday, is receiving mixed diagnoses.  Some analysts think the program is on solid fiscal ground for decades to come, while others fear that the impending retirement of the baby boom generation precipitates a crisis.
Discussion: The Volokh Conspiracy
Joe Nocera / New York Times:
Consumers Clamoring for a Leader  —  So it turns out that the Elizabeth Warren rap video that went “viral” this week is actually a made-in-Hollywood production.  —  You know the video, don't you?  The one in which a struggling comedian named Ryan Anthony Lumas, dressed in a cowboy outfit …
Discussion: Balloon Juice and Corrente
Bridget Johnson / The Hill:
Sherrod to talk job offer with Vilsack  —  Former U.S. Department of Agriculture official Shirley Sherrod is meeting Tuesday with Agriculture Secretary Tom Vilsack to discuss a new job offer at the agency.  —  Sherrod said the new offer was on the table Saturday in Alabama at an event hosted …
Neil Irwin / Washington Post:
With consumers slow to spend, businesses are slow to hire  —  CHICAGO — Corporate profits are soaring.  Companies are sitting on billions of dollars of cash.  And still, they've yet to amp up hiring or make major investments — the missing ingredients for a strong economic recovery.
 
 
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 More Items: 
John Quiggin / Crooked Timber:
EU-US convergence ?  —  The NYT ran yet another round …
Discussion: Matthew Yglesias and Balloon Juice
Paul Krugman:
Bond Madness  —  Things are looking bleak for the economy …
Discussion: Newshoggers.com
Martin Crutsinger / Associated Press:
Nearly 50 percent leave Obama mortgage-aid program
Discussion: Scared Monkeys
Jesse Lee / White House.gov Blog Feed:
Weekly Address: No Corporate Takeover of Our Democracy
 Earlier Items: 
Karl Ritter / The Huffington Post:
Julian Assange Rape Case: Sweden WITHDRAWS Arrest Warrant