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9:45 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 …
Gary Langer / ABCNEWS:   Poll: Economic Discontent Boosts Barack Obama Over John McCain
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:
Michael Goldfarb / JohnMcCain.com:
A Partisan Paper of Record  —  Today the New York Times launched its latest attack on this campaign in its capacity as an Obama advocacy organization.  Let us be clear about what this story alleges: The New York Times charges that McCain-Palin 2008 campaign manager Rick Davis was paid …
Tory Newmyer / Roll Call:
Davis' Firm on Freddie Payroll
Discussion: Political Punch
William H. Gross / Washington Post:
How Main Street Will Profit  —  Capitalism is a delicate balance between production and finance.  Today, our seemingly guaranteed living standard is threatened, much like it has been in previous recessions or, some would say, the Depression.  Finance has run amok because of oversecuritization …
RELATED:
David Leonhardt / New York Times:
Issue Is Payback, Not Bailout  —  So are you for the bailout or against it?  —  Many people, I'm guessing, don't have an immediate answer to the question.  They understand that the financial crisis is serious enough to require a big response from the government.
Wall Street Journal:
Pandora's Bailout  —  “Clean and quick,” whistled Henry Paulson past the mortgage crematoria.  The Treasury secretary's hope for expedited passage of his bailout plan may be realized, but clean and quick won't describe its implementation.  You wanted a bailout; you got a revolution.
Discussion: The Corner
Myglesias / Matthew Yglesias:
Why Is There Something Rather Than Nothing?
Discussion: Outside The Beltway
Henry Blodget / The Huffington Post:   Bernanke and Paulson: Here's Why We're Screwing You
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 …
RELATED:
Sam Stein / The Huffington Post:
Campbell Brown Rips McCain Camp's “Sexist” Treatment Of Palin  —  A prominent female news anchor chastised the McCain campaign Tuesday evening for engaging in sexism and insulting behavior in its attempt to shield Gov. Sarah Palin from members of the press.  —  In a fiery commentary …
RELATED:
Kate Linthicum / Top of the Ticket:
CNN's Campbell Brown to McCain campaign: “Free Sarah Palin!”
Discussion: The Swamp
Steven Thomma / McClatchy Washington Bureau:
Obama concedes that bailout costs may force him to adjust plans  —  WASHINGTON — Barack Obama said Tuesday that the huge costs of a financial bailout meant that he probably wouldn't be able to deliver everything he was promising in his campaign, at least not as quickly as he'd hoped.
Discussion: Associated Press
RELATED:
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 …
Wall Street Journal:
Buffett to Invest $5 Billion in Goldman  —  Famed Investor's Move Is Seen as a Vote of Confidence in Crisis-Stricken Banking System; Old Ties to Firm Paved Way for Deal  —  Goldman Sachs Group Inc. said it will get a $5 billion investment from billionaire Warren Buffett's company …
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 …
Evan Perez / Wall Street Journal:
FBI Investigates Four Firms at Heart of the Mess  —  Probe Seeks to Learn if Fraud Played Role in Some of the Woes  —  WASHINGTON — Federal investigators have opened preliminary probes into the financial troubles of four high-profile companies that are at the center of the current financial turmoil …
Tony Blankley / Real Clear Politics:
The Man Who Never Was  —  The mainstream media have gone over the line and are now straight-out propagandists for the Obama campaign.  —  While they have been liberal and blinkered in their worldview for decades, in 2007-08, for the first time, the major media consciously are covering …
Discussion: Power Line and The Strata-Sphere
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 …
RELATED:
T.W. Farnam / Wall Street Journal:
GOP's Shelby Leads Conservatives Against Bailout  —  Alabaman Opposed Rescue of Chrysler; Tough on Paulson  —  WASHINGTON — With anger mounting from the left and right against the Treasury Department's proposed financial bailout, one of the opponents' most powerful allies is Alabama Sen. Richard Shelby …
MSNBC:
New voting glitches raise concerns in Florida  —  Palm Beach problems have officials worried about potential repeat of 2000  —  TAMPA, Fla. - Nearly a month after voters in Florida cast their ballots, opponents in the razor-close election head for court as a judge approves a third recount.
 
 
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 More Items: 
Victor Davis Hanson / The Corner:
“ I'm shocked, shocked to find that gambling is going on in here! ”
Discussion: Betsy's Page
Chicago Tribune:
How rivals will seek edge in 1st debate
Ben Smith / Ben Smith's Blogs:
Obama: ‘Stem Cell’
 Earlier Items: 
Paul Slansky / The Huffington Post:
A Note to Bill Clinton
Discussion: NewsBusters.org
Victor Davis Hanson / The Corner:
And the Media Worries about Palin's Experience and McCain's Age?
SilentPatriot / Crooks and Liars:
Chuck Schumer to Sec. Paulson: Why $700 billion?  Why not $150 billion?
 

 
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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