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8:15 AM ET, September 24, 2008

memeorandum

 Top Items: 
Washington Post:
Economic Fears Give Obama Clear Lead Over McCain in Poll  —  Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain …
RELATED:
Jennifer Parker / Political Radar:
Stephanopoulos: McCain Holds Key to Administration's Bailout Passage on Capitol Hill  —  ABC News' George Stephanopoulos reports: If Republican presidential candidate Sen. John McCain doesn't vote for the Bush administration's $700 billion economic bailout plan, some Republican …
The Politico:
House GOP rises up against Cheney  —  There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill.  —  That time is gone.  —  House Republicans rose up en masse against their vice president on Tuesday morning to blast an administration proposal …
New York Times:
McCain Aide's Firm Was Paid by Freddie Mac  —  WASHINGTON— One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.
RELATED:
Tory Newmyer / Roll Call:
Davis' Firm on Freddie Payroll
Discussion: Political Punch
Andrew Taylor / Associated Press:
Democrats to let offshore drilling ban expire  —  WASHINGTON - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
RELATED:
The Hill:
Pelosi won't jump alone  —  House Speaker Nancy Pelosi is telling Democrats that she will not support President Bush's $700 billion bailout of the financial sector unless there is significant Republican support for the controversial plan.  —  The politics of the bailout are tricky and dangerous …
Discussion: Open Left and naked capitalism
Joseph Curl / Washington Times:
269 tie: An electoral college ‘doomsday’?  —  Scholars speculate on scenario  —  President Obama, with Vice President Palin?  President Biden?  President Pelosi?  Call them the “Doomsday” scenarios — On Nov. 5, the presidential election winds up in a electoral-college tie, 269-269 …
Patrick Healy / The Caucus:
Obama Says Bailout Should Include 4 Conditions  —  CLEARWATER, Fla. - Senator Barack Obama this afternoon urged Treasury and Federal Reserve officials to include four conditions that he and other Democrats are seeking in the proposed $700 billion federal bailout for financial firms …
Discussion: CNN and Weekly Standard
RELATED:
Henry Blodget / The Huffington Post:   Bernanke and Paulson: Here's Why We're Screwing You
Paul Slansky / The Huffington Post:
A Note to Bill Clinton  —  Given that we would never have had the odious George W. Bush in the White House in the first place if it wasn't for your blow jobs, Bill, it seems obvious that you owe it to the people of this country, and especially to the parents whose kids died in the Iraq War …
Discussion: NewsBusters.org
RELATED:
JammieWearingFool:
'Well, I Tell You What, It Helps in Ohio That We've Got Democrats in Charge of the Machines'  —  Thus spake The Messiah September 3 in Ohio.  Ah, yes, it sure does help having partisan hacks at the controls, doesn't it?  —  For all the get out the vote efforts Democrats encourage every year …
RELATED:
Dan / Riehl World View:   Early Voting, Early McCain Voter Suppression In Ohio
Cincinnati.com:
If Ohio polling looks like Chicago, ‘thank’ Brunner
Discussion: Betsy's Page
Emptywheel:
Bush Mouthpiece Admits: They've Been Sitting on this Plan  —  Hidden in an article reporting that Cheney's going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time: … Which raises three questions for me:
RELATED:
Matthew Benjamin / Bloomberg:
Americans Oppose Bailouts, Favor Obama to Handle Market Crisis  —  Sept. 24 (Bloomberg) — Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis.  —  By a margin of 55 percent to 31 percent …
Jeffrey Goldberg:
What is the McCain Camp Hiding?  —  If Sarah Palin becomes vice president, she will presumably have meetings with people who are scarier than Michael Cooper, the Times reporter who seems to have the misfortune of covering her today.  I know Michael Cooper; he's a good reporter, but not very mean at all.
RELATED:
Allahpundit / Hot Air:
Heart-ache: Tiny terrorist gives Bush speech thumbs down at the UN; Update: Obama rips UN, Ahmadinejad  —  A spontaneous gesture of disapproval?  Hardly.  ABC caught him waving at the White House press corps intermittently to get their attention.  He may be a cretin, but he's a media-savvy cretin.
RELATED:
Victor Davis Hanson / The Corner:
And the Media Worries about Palin's Experience and McCain's Age?  —  I think in the space of about the last 24 hours, Joe Biden claimed that the AIG bailout was bad, but then said it wasn't bad;  —  that his apology about the dirty McCain ad was, as they say, inoperative;
Lee Speigel / Political Punch:
Oh, That Joe!  (No. 17 in a Series) — First Thing We Do, Let's Retain All the Lawyers  —  “I think we're going to be up very late counting votes,” Sen. Joe Biden, D-Del., told a kettle of lawyers Tuesday night at a fundraiser for the Democratic Victory Fund hosted by the American Association …
Ben White / New York Times:
Goldman to Raise Capital, With $5 Billion From Buffett  —  Warren E. Buffett, the country's most famous investor and one of the world's richest men, announced on Tuesday that he would invest $5 billion in Goldman Sachs, the embattled Wall Street titan, in a move that could bolster confidence in the financial markets.
Monica Mercer / Chattanooga Times Free Press:
Chattanooga: UT student not indicted in Palin e-mail hacking case … A federal grand jury in Chattanooga ended its session around lunch time today without indicting a University of Tennessee student who authorities believe may have hacked into vice presidential candidate Sarah Palin's personal e-mail account.
 
 
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 More Items: 
Eric Posner / The Volokh Conspiracy:
DOES CONGRESS THINK THAT PAULSON ASKED FOR NOT ENOUGH POWER?
Discussion: Marginal Revolution
The Seminal:
Awaiting Your Correspondance - Important Business Matter
Ben Smith / Ben Smith's Blogs:
Obama: ‘Stem Cell’
Myglesias / Matthew Yglesias:
Why Is There Something Rather Than Nothing?
Discussion: Outside The Beltway
 Earlier Items: 
Media Matters for America:
Time 's Carney claimed new McCain ad …
SilentPatriot / Crooks and Liars:
Chuck Schumer to Sec. Paulson: Why $700 billion?  Why not $150 billion?
Discussion: Buck Naked Politics and The RBC
Mark Krikorian / The Corner:
Credit Is Not a Civil Right
 

 
From Mediagazer:

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering

Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”

 
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