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8:50 PM ET, July 16, 2011

memeorandum

 Top Items: 
James Pethokoukis:
Panic at the White House?  Gloomy Goldman Sachs sees high unemployment, possible recession  —  Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama's chances for reelection (bold is mine): … Alarms bells must be ringing all over Obamaland today.
RELATED:
Paul Krugman:
The Political Economy of the Lesser Depression  —  Everyone in the forecasting business is scrambling to mark down both their estimates of second-quarter growth and their forecasts for later in the year.  Goldman Sachs (no link) was pretty optimistic a few months ago; now they've grown quite pessimistic:
Digby / Hullabaloo:
Bizarroworld economics  —  So I'm reading this James Pethokoukis blog post at Reuters about Goldman Sachs' grim new outlook on unemployment.  This is the wrap up: … So what's the recommendation? … He's also for slashing spending, but the real answer to our prayers is tax cuts.  Seriously.
Alexander Bolton / The Hill:
GOP leaders ignore Obama's 36-hour deadline for a debt plan  —  House Republican leaders have missed a 36-hour deadline President Obama set during a Thursday meeting for lawmakers to give him a plan to avert a national default.  —  The deadline came and went Saturday morning without a response from House Speaker John Boehner (R-Ohio).
Discussion: The Political Carnival and CNN
RELATED:
Los Angeles Times:
House Republicans brace for compromise on debt  —  GOP leaders turn to their most trusted budget expert, Rep. Paul D. Ryan (R-Wis.), to explain to the rank and file what could happen if Congress fails to raise the debt ceiling.  —  Reporting from Washington— Republican leaders in the House …
Alexander Bolton / The Hill:
Reid and McConnell expect to unveil debt-limit ‘Plan B’ next week
Discussion: The Gateway Pundit
myfoxny.com:
Woman Gropes TSA Agent's Breast at Security Checkpoint  —  PHOENIX - We hear a lot of complaints about security screeners groping airline passengers.  —  But now, a Colorado woman is accused of putting her hands on a TSA agent at Sky Harbor International Airport in Phoenix.
Joe Nocera / New York Times:
The Journal Becomes Fox-ified  —  It's official.  The Wall Street Journal has been Fox-ified.  —  It took Rupert Murdoch only three and a half years to get there, starting with the moment he acquired the paper from the dysfunctional Bancroft family in December 2007, a purchase that was completed …
Tom Ricks / Foreign Policy:
Was John F. Kennedy the flat-out absolute worst U.S. president of the 20th century?  —  As I studied the Vietnam war over the last 14 months, I began to think that John F. Kennedy probably was the worst American president of the previous century.  —  In retrospect, he spent his 35 months …
David Segal / New York Times:
Law School Economics: Ka-Ching!  —  WITH apologies to show business, there's no business like the business of law school.  —  The basic rules of a market economy — even golden oldies, like a link between supply and demand — just don't apply.  —  Legal diplomas have such allure …
Discussion: Lawyers, Guns & Money and Althouse
Don Van Natta Jr / New York Times:
Stain From Tabloids Rubs Off on a Cozy Scotland Yard  —  LONDON — For nearly four years they lay piled in a Scotland Yard evidence room, six overstuffed plastic bags gathering dust and little else.  —  Inside was a treasure-trove of evidence: 11,000 pages of handwritten notes listing nearly …
The White House:
WEEKLY ADDRESS: A Unique Opportunity to Secure our Fiscal Future  —  WASHINGTON - In this week's address, President Obama called on both parties to work together to find a balanced approach to solving our nation's deficit problem.  The President emphasized the importance of compromise …
Discussion: Weasel Zippers
Mark Steyn / National Review:
The Great Charade  —  There is something surreal and unnerving about the so-called “debt ceiling” negotiations staggering on in Washington.  In the real world, negotiations on an increase in one's debt limit are conducted between the borrower and the lender.
Tim Cavanaugh / Hit & Run:
Carmageddon Shaping Up as Big Nothing  —  Rush hour traffic was light in Los Angeles Friday, in the final hours before closure of Interstate 405 for a few miles brought on a steel-and-rubber stampede of rich drivers that experts claim will destroy all intelligent life in California.
 
 
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 More Items: 
The Huffington Post:
Progressive Change Campaign Committee Threatens To Pull Obama Support Ahead Of 2012
Tyler Cowen / Marginal Revolution:
How much did Fannie and Freddie cause the financial crisis?
Shaya Tayefe Mohajer / Associated Press:
Court: 'don't ask, don't tell' will stay in place
Discussion: Hot Air and Outside the Beltway
Larry Flynt / Washington Post:
Rupert Murdoch went too far
The Huffington Post:
Elizabeth Warren: Government Hasn't Sufficiently Probed Foreclosure Abuses (VIDEO)
Discussion: Firedoglake
Bill Turque / Washington Post:
More than 200 D.C. teachers fired
Discussion: Joanne Jacobs and ThinkProgress
 Earlier Items: 
wpr.org:
Joy Cardin  —  The first Wisconsin general election …
Discussion: The Raw Story and TPMDC
Mj Lee / The Politico:
Dalai Lama to visit W.H. on Saturday
Discussion: Right Wing News and FrumForum
Alexander Burns / The Politico:
Mitt Romney's cash advantage
Discussion: FrumForum
Bloomberg:
Body Scanners Improperly Added by TSA: Court
Discussion: The BLT, Law Blog and Threat Level
Frank Newport / Gallup:
For First Time, Majority in U.S. Supports Public Smoking Ban