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1:50 PM ET, September 22, 2008

memeorandum

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Paul Krugman / New York Times:
Cash for Trash  —  Some skeptics are calling Henry Paulson's $700 billion rescue plan for the U.S. financial system “cash for trash.”  Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force …
Martin Kady II / The Crypt's Blogs:
Dodd bill more aggressive than Treasury plan  —  Banking Committee Chairman Christopher Dodd is taking much more aggressive approach to the Treasury bailout plan, demanding foreclosure assistance, limits on executive compensation and profit sharing for taxpayers if the Treasury begins …
Discussion: TalkLeft
James Pethokoukis / US News:
Bailout Prevents Great Depression 2.0  —  What would be the dollar cost of not bailing out Wall Street?  Try a number north of $30 trillion.  (The awful math is detailed below.)  That's why Hank Paulson and Ben Bernanke were so scared last week.  And, yes, I think “scared” isn't too strong a word.
Discussion: The Corner, QandO and Ed Driscoll.com
Kevin Bogardus / The Hill:
Dodd to seek changes to Treasury relief package
Discussion: The Crypt's Blogs and The Swamp
Michelle Malkin:
Why Henry Paulson must be “contained”
Discussion: Law Blog and The Crypt's Blogs
New York Times:
Loan Titans Paid McCain Adviser Nearly $2 Million  —  Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
RELATED:
Byron York / The Corner:
The McCain Campaign and the Times  —  Top McCain campaign officials have just finished a conference call to unveil a new ad, called “Chicago Machine,” which highlights ties between Barack Obama and Tony Rezko, William Daley, Emil Jones, and Rod Blagojevich.  The ad, the officials say …
Kevin Hassett / Bloomberg:
How the Democrats Created the Financial Crisis: Kevin Hassett
Discussion: The Corner
Rick Pearson / Clout St:
McCain ad takes on Obama and ‘Chicago machine’
Discussion: TalkLeft
Eric Kleefeld / TPM Election Central:
Election Central Morning Roundup
John McCormick / The Swamp:
McCain camp runs ad on Obama's Chicago
Discussion: Outside The Beltway
Dr. Rusty Shackleford / The Jawa Report:
Hope, Change, & Lies: Orchestrated “Grassroots” Smear Campaigns & the People that Run Them [Updated]  —  ***Sticky***Scroll past on main page for newer posts***Updates sprinkled throughout post and summarized at end***  —  Extensive research was conducted by the Jawa Report to determine …
RELATED:
Damian Paletta / Wall Street Journal:
Dodd's Bailout Draft Could Give Companies' Shares to Government  —  WASHINGTON — Senate Democrats want to add tough new measures to the Treasury Department's proposal to bail out financial firms, including strict limits on executive compensation and a provision that would allow the government …
RELATED:
Dawn Kopecki / Bloomberg:
U.S. Treasury Widens Scope of Plan to Buy Bad Debt
Discussion: American Street
Board of Governors of the Federal Reserve System:
For release at 9:30 p.m. EDT  —  The Federal Reserve Board on Sunday approved, pending a statutory five-day antitrust waiting period, the applications of Goldman Sachs and Morgan Stanley to become bank holding companies.  —  To provide increased liquidity support to these firms as they transition …
RELATED:
Nouriel Roubini / Nouriel Roubini's Global …:
The Shadow Banking System is Unravelling: Roubini Column in the Financial Times.
Discussion: Kevin Drum
Sarah Palin / New York Sun:
Palin on Ahmadinejad: ‘He Must Be Stopped’  —  Governor Palin, the Republican nominee for vice president, was scheduled to speak today at a rally in Dag Hammarskjold Plaza to protest the appearance here of President Ahmadinejad of Iran.  Her appearance was canceled by rally organizers who sought a nonpolitical event.
Washington Post:
Steering the McCain Campaign, a Lot of Old Bush Hands  —  When Gov. Sarah Palin flew home to Alaska for the first time since being named the Republican vice presidential nominee, she brought along at least half a dozen new advisers to conduct briefings, stage-manage her first television interview …
Andrew Sullivan / The Daily Dish:
The End-Times And Sarah Palin  —  Yes, she believes in them.  Of course she believes in them.  Her former pastor believes that Alaska will be the refuge for the faithful in the lower 48 states when the Rapture comes.  She is a Biblical literalist who denies evolution - who has to deny evolution - to remain in her church.
Discussion: Donklephant
Patricia Cohen / New York Times:
Conservatives Try New Tack on Campuses  —  COLORADO SPRINGS — Acknowledging that 20 years and millions of dollars spent loudly and bitterly attacking the liberal leanings of American campuses have failed to make much of a dent in the way undergraduates are educated, some conservatives have decided to try a new strategy.
Discussion: Whiskey Fire and Hullabaloo
David Prosser / The Independent:
Fury at $2.5bn bonus for Lehman's New York staff  —  Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
Ali / Think Progress:
New poll: Zero percent of Americans think national economy is improving.  —  A new American Research Group poll shows that “[n]o Americans say that the national economy is getting better,” while 82 percent say it is getting much worse.  Only 17 percent approve of President Bush's handling of the economy, with 78 percent disapproving.
Satyam / Think Progress:
McCain Clueless When Asked About Fiorina's $40 Million Golden Parachute: ‘I Do Not Know The Details’  —  For the past week, Sen. John McCain (R-AZ) has been railing against Wall Street “fat cats” and pledging to “stop multi-million dollar payouts to CEOs who have broken the public trust.”
Discussion: Towleroad.com
Monica Langley / Wall Street Journal:
Stand-Ins, Naps Help Debate Preparation  —  To get in the debating mood, Republican John McCain will host a town-hall event and take a short nap.  His rival, Democrat Barack Obama, will work out or shoot hoops.  —  And to prepare, Sen. McCain will spar this week in mock debates with Michael Steele.
 
 
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 More Items: 
Ross Douthat:
Palin and Her (Conservative) Critics
Discussion: Eunomia
The New Republic:
Polling question
Discussion: Open Left and Daily Kos
Marc Ambinder:
NRA Begins Multi-Million-Dollar Television Ad Campaign
Discussion: Ben Smith's Blogs
Shankar Vedantam / Washington Post:
Study Ties Wage Disparities To Outlook on Gender Roles
Discussion: Swampland and NewsBusters.org
Robert Farley / American Prospect:
PETER THE GREAT ON THE WAY.  —  RFS Pyotr Velikiy and its …
Andrew Malcolm / Top of the Ticket:
Hoy, el senor Limbaugh speaks en espanol about Obama
Discussion: The Swamp
Ed Rollins / CNN:
Rollins: McCain, Obama botching response to crisis
Anne / Nielsen Wire:
Uncommitted Voters More Engaged By RNC Telecasts
 Earlier Items: 
Bill Saporito / Time:
How We Became the United States of France
The Big Trunk / Power Line:
DEEP SECRETS OF CAMPAIGN 2008
Washington Post:
Hiding in Plain Sight
Discussion: The Daily Dish and Political Punch
Becker / The Becker-Posner Blog:
The Crisis of Global Capitalism? Becker
Jonathan Martin / Jonathan Martin's Blogs:
Team McCain tosses more chum overboard
Discussion: Washington Monthly
NY Daily News:
Run, Mike, run
Discussion: City Room and New York Magazine
Richard Wolf / USA Today:
Early voting starts today in some states
 

 
From Mediagazer:

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

 
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