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9:50 AM ET, July 17, 2011

memeorandum

 Top Items: 
David Leonhardt / New York Times:
We're Spent  —  THERE is no shortage of explanations for the economy's maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big.  The stimulus was flawed.  China is overtaking us.  Businesses are overregulated.  Wall Street is underregulated.
Reid Wilson / NationalJournal.com:
Congressional GOP Leaders Slowly Convincing Newer Members of Importance of Raising Debt Ceiling  —  Boehner: He would have to bring newer members of his caucus along for a deal to be struck.  —  Sometimes your closest allies can become your biggest headaches.
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Alec MacGillis / Washington Post:
Top lawmakers target ‘grand bargain’ for debt plan  —  Even as President Obama and congressional leaders focus on a fallback plan to lift the nation's debt ceiling, top Democrats and Republicans have begun to map a new way to craft the same sort of ambitious deficit-cutting plan they abandoned last week.
Robert Pear / New York Times:
G.O.P. Freshmen Say Debt Concerns Them More Than Re-election  —  WASHINGTON — For years, legislation to raise the federal debt limit offered plenty of political theater on Capitol Hill, with the party out of power using it to rail against the party in power.
Discussion: CNN and The Hill
Directorblue / Doug Ross:
S&P Raises State of Ohio's Credit Rating; Cites GOP Governor Kasich's Whining About His Predecessor and His Budget, But Mostly His Budget  —  By electing a fiscal conservative, Ohio is moving in the right direction when it comes to economic vibrancy. … Unlike President Obama …
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.
Discussion: Don Surber, Mediaite and Scared Monkeys
Nicholas Confessore / New York Times:
New Stable of Wealthy Donors Fueled Obama Campaign's Record Fund-Raising Quarter  —  President Obama recruited roughly 150 new elite donors, raising as much as a half a million dollars each, to help propel him to a large and early lead over his Republican opponents in the race for campaign cash …
Mark Steyn / Orange County Register:
No bargaining with Barack Obluffer  —  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.
Alexander Bolton / The Hill:
GOP leaders ignore Obama's deadline  —  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:
David Ignatius / Washington Post:
Obama's communications gap
Discussion: Don Surber and Bloomberg
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 …
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 …
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
Barak Ravid / Haaretz:
Palestinians may give up on bid for full UN membership to avoid U.S. veto, sources say  —  Palestinian sources and European diplomats say Palestinians will seek recognition by the General Assembly instead of Security Council.  —  Wishing to avoid an American veto at the Security Council …
Discussion: Weasel Zippers and Israel Matzav
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.
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 More Items: 
CNN:
Obama-Dalai Lama meeting angers China
The White House:
WEEKLY ADDRESS: A Unique Opportunity to Secure our Fiscal Future
Discussion: Weasel Zippers
Tim Cavanaugh / Hit & Run:
Carmageddon Shaping Up as Big Nothing
Discussion: Hot Air, Power Line and L.A. NOW
 Earlier Items: 
Larry Flynt / Washington Post:
Rupert Murdoch went too far
The Huffington Post:
Elizabeth Warren: Government Hasn't Sufficiently Probed Foreclosure Abuses (VIDEO)
Discussion: Firedoglake