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12:00 PM ET, September 2, 2011

memeorandum

 Top Items: 
Nelson D. Schwartz / New York Times:
U.S. Is Set to Sue a Dozen Big Banks Over Mortgages  —  The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold …
RELATED:
Dana Blanton / Fox News:
Fox News Poll: Perry Overtakes Romney as Top GOP 2012 Pick; Most Say Palin Should Stay Out of Race  —  Even as Texas Gov. Rick Perry moves into the lead as Republican voters' preferred presidential candidate, a Fox News poll released Thursday shows that voters are more likely to view him as …
Chris Stirewalt / Fox News:
Bad Jobs Report Adds More Baggage to Obama Speech
Scott Conroy / Real Clear Politics:
Palin to Rip “Crony Capitalism” in Iowa Speech
Discussion: GOP 12 and Conservatives4Palin
Christian Heinze / GOP 12:
Huge majority of tea partiers don't want Palin to run
Shaila Dewan / New York Times:
U.S. Showed No Job Growth in August; Rate Stays at 9.1%  —  The economy showed no job growth in August, the first time there has been no increase in net jobs in the United States in 11 months.  —  The flat performance in the job market was down sharply from a revised 85,000 gain of jobs in July …
RELATED:
Associated Press:
Employers added no net jobs in August, while unemployment rate was unchanged at 9.1 pct.  —  WASHINGTON — Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.  —  The government also reported …
Daniel Indiviglio / The Atlantic Online:
Zero: That's How Many Jobs Were Created in August
Wall Street Journal:
Economy Fails to Add Jobs
Jeff Gluck / SBNation.com:
Five NASCAR Drivers Decline President Obama's White House Invitation  —  President Barack Obama will honor NASCAR champion Jimmie Johnson and the 11 other Chase drivers from last year in a White House ceremony on Wednesday - but nearly half of the 2010 playoff contenders won't be there.
RELATED:
Roger Simon / The Politico:
W.H. furious over speech delay  —  It seemed like a trivial matter: On Wednesday, House Republicans forced the president to delay his speech to a joint session of Congress by one day.  —  Who cares?  The White House cares.  Very much.  —  “It is a big deal that the House said ‘no’ to the president …
Alicia M. Cohn / The Hill:
Dem ‘plans to ask a Republican to sit with him’ at joint session  —  There will likely be at least some bipartisan seating in the House chamber for President Obama's speech next week.  —  Sen. Mark Udall (D-Colo.) does not plan to renew his previous call for lawmakers to sit together in a symbolic gesture of unity.
CNN:
Republicans quickly react to August jobs numbers
Katherine Skiba / Chicago Tribune:
Walsh to skip Obama jobs speech
The White House:
Statement by the President on the Ozone National Ambient Air Quality Standards  —  Over the last two and half years, my administration, under the leadership of EPA Administrator Lisa Jackson, has taken some of the strongest actions since the enactment of the Clean Air Act four decades ago …
RELATED:
Juliet Eilperin / Washington Post:
Obama pulls back proposed smog standards, in victory for business  —  President Obama abruptly pulled back proposed new national smog standards Friday morning, overruling the Environmental Protection Agency's efforts to compel states and communities nationwide to reduce local air pollution in the coming years or face federal penalties.
Discussion: Daily Kos and msnbc.com
Andrew Restuccia / The Hill:   American Lung Association presses White House to set ozone deadline
Murshedz / Crooks and Liars:
Debunking Austerity Madness: ZERO Job Growth in US, Gloomy Europe - Yet an Argentinean ‘Tango’  —  The Village was rocked this Friday before Labor Day with yet more depressing economic news.  According to the Bureau of Labor Statistics the U.S. labor market added 0 (that's right ZERO) …
RELATED:
Ezra Klein / Washington Post:
Wonkbook: A jobs plan that might actually work
Howard Schneider / Washington Post:
Is austerity killing Europe's recovery?
Discussion: ThinkProgress and Hullabaloo
Gary S. Becker / Wall Street Journal:
The Great Recession and Government Failure  —  When comparing the performance of markets to government, markets look pretty darn good.  —  The origins of the financial crisis and the Great Recession are widely attributed to “market failure.”  This refers primarily to the bad loans …
Paul Krugman / New York Times:
Eric and Irene  —  “Have you left no sense of decency?”  That's the question Joseph Welch famously asked Joseph McCarthy, as the red-baiting demagogue tried to ruin yet another innocent citizen.  And these days, it's the question I find myself wanting to ask Eric Cantor, the House majority leader …
Brendan O'Neill / blogs.telegraph.co.uk:
There is something very ugly about this attempt to ghettoise Israeli musicians  —  Last night's protest at the Proms against the Israeli Philharmonic Orchestra represented a new low in anti-Israel agitation.  It confirmed that everything and everyone connected with Israel is now looked upon by certain …
RELATED:
Richard A. Serrano / Los Angeles Times:
White House received emails about Fast and Furious gun-trafficking operation  —  Three national security officials were given some details about the operation.  But an administration official says the emails do not prove that anyone in the White House was aware of the covert tactics of the program.
CNN:
FreedomWorks CEO slams Romney event: ‘This is a photo op’  —  (CNN) - The leader of a large grassroots organization instrumental to the tea party movement isn't happy with Mitt Romney, and he's not afraid to show it.  —  Matt Kibbe, president and CEO of FreedomWorks, was adamant …
Discussion: Iowa Caucuses
 
 
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 More Items: 
Matthew Yglesias / ThinkProgress:
The Conservative Recovery Teeters Into Recession
Discussion: Washington Monthly
Lisa Rein / Washington Post:
Undocumented workers got billions from IRS in tax credits, audit finds
Discussion: Hot Air
Dan Fitzpatrick / Wall Street Journal:
Fresh Scrutiny of BofA
Barney Frank / Washington Post:
The Senate refuses to consider Obama nominees
Carlos Lozano / L.A. NOW:
College professor allegedly led motorcycle gang, drug ring [updated]
 Earlier Items: 
Bob Willis / Bloomberg:
Employment in U.S. Stagnated in August
Discussion: ABCNEWS and Don Surber
Lydia Saad / Gallup:
Americans' Fear of Terrorism in U.S. Is Near Low Point
Ian Swanson / The Hill:
Dem senators: Big job loss if transportation bill is not extended
Wall Street Journal:
Huntsman's Good Economic Plan
Discussion: CNN and The Volokh Conspiracy
CNN:
CNN Poll: 8 in 10 think we're in a recession
Discussion: The Politico