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1:10 PM ET, September 2, 2011

memeorandum

 Top Items: 
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:
New York Post:
The White House mess  —  We will little note nor long remember Wednesday's breathless kerfuffle, with the White House deciding to schedule a speech in front of a joint session of Congress without actually asking Congress first — and planning for it during a long-planned Republican debate.
Discussion: Pajamas Media and Instapundit
Roger Simon / The Politico:
W.H. furious over speech delay
CNN:
Republicans quickly react to August jobs numbers
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 …
Danny Yadron / Washington Wire:
Border Attack: Romney Hits Perry on Immigration
Discussion: ImmigrationProf Blog
Christian Heinze / GOP 12:
Huge majority of tea partiers don't want Palin to run
Chris Stirewalt / Fox News:
Bad Jobs Report Adds More Baggage to Obama Speech
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:
Calculated Risk:
Employment Summary, Part Time Workers, and Unemployed over 26 Weeks  —  This was a very weak report, so let's start with a few positives:  —  • August is over.  Just like in June, when employment was impacted by the tsunami in Japan, employment in August was impacted by the debt ceiling debate in August.
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) …
Pat Garofalo / ThinkProgress:
Economy Added Zero Net Jobs In August, Unemployment Rate Stays At 9.1 Percent
Daniel Indiviglio / The Atlantic Online:
Zero: That's How Many Jobs Were Created in August
Ezra Klein / Washington Post:
Wonkbook: A jobs plan that might actually work
Matthew Yglesias / ThinkProgress:
The Conservative Recovery Teeters Into Recession
Discussion: Washington Monthly
Howard Schneider / Washington Post:
Is austerity killing Europe's recovery?
Discussion: ThinkProgress and Hullabaloo
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.
RELATED:
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 …
Christopher S. Rugaber / Associated Press:
Employers add no net jobs in Aug.; rate unchanged  —  WASHINGTON (AP) — 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 that the unemployment rate remained at 9.1 percent.
RELATED:
Jeff Cox / CNBC:
Economy Gains No Jobs in August, Rate Holds at 9.1%  —  The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession.  —  It was the first time since World War II that the economy had a net zero jobs created for a month.
Kevin G. Hall / McClatchy Washington Bureau:
Regulations, taxes aren't killing small business, owners say  —  WASHINGTON — Politicians and business groups often blame excessive regulation and fear of higher taxes for tepid hiring in the economy.  However, little evidence of that emerged when McClatchy canvassed a random sample of small business owners across the nation.
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 …
Steve Benen / Washington Monthly:
Take the chain-emails away from Perry  —  Most folks probably have some conservative friend or relative who sends right-wing chain emails their way.  Hopefully, people know the vast majority of these political myths and urban legends are nonsense.  —  But Republican presidential hopeful Rick Perry seems …
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 …
Steve Benen / Washington Monthly:
GOP leaders stop taking credit for job data  —  When the jobs reports were looking quite good in the early spring, Republican leaders were eager to take credit for the positive numbers they had nothing to do with.  After all, as far as GOP officials were concerned, their mere presence …
Discussion: Daily Kos and Smartypants
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.
Lisa Rein / Washington Post:
Undocumented workers got billions from IRS in tax credits, audit finds  —  The Internal Revenue Service allowed undocumented workers to collect $4.2 billion in refundable tax credits last year, a new audit says, almost quadruple the sum five years ago.  —  Although undocumented workers …
Discussion: Hot Air and The Gateway Pundit
 
 
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 More Items: 
Tyler Cowen / Marginal Revolution:
Should our government spend (and borrow) more at negative real interest rates?
Cameron Joseph / Ballot Box:
Former House colleagues endorse Hoekstra
Discussion: Ben Smith's Blog
Greg Miller / Washington Post:
CIA shifts focus to killing targets
Discussion: Weasel Zippers and TalkLeft
CNN:
TRENDING: FreedomWorks CEO slams Romney event: ‘This is a photo op’
Discussion: Iowa Caucuses
Dan Fitzpatrick / Wall Street Journal:
Fresh Scrutiny of BofA
Barney Frank / Washington Post:
The Senate refuses to consider Obama nominees
 Earlier Items: 
Carlos Lozano / L.A. NOW:
College professor allegedly led motorcycle gang, drug ring [updated]
Brendan O'Neill / blogs.telegraph.co.uk:
There is something very ugly about this attempt to ghettoise Israeli musicians
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, Hot Air and Shakesville
Katherine Skiba / Chicago Tribune:
Walsh to skip Obama jobs speech