Top Items:
William Kristol / New York Times:
How McCain Wins — John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? — He has a chance. But only if he overrules those of his aides who are trapped by conventional wisdom, huddled in a defensive crouch and overcome by ideological timidity.
Discussion:
Commentary, Swampland, Political Machine, Talking Points Memo, Firedoglake, marbury, Jules Crittenden, The Other McCain, TIME.com and ATTACKERMAN
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Monica Langley / Wall Street Journal:
Game Plan for Palin Is Retooled Ahead of Debate — Top McCain Aides Oversee Preparation After Recent Flubs — The McCain campaign moved its top officials inside Gov. Sarah Palin's operation Sunday to prepare for what is certain to be the most important event of her vice-presidential campaign …
Stanley Kurtz / New York Post:
O'S DANGEROUS PALS — BARACK'S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES — WHAT exactly does a “community organizer” do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.
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Patrick O'Connor / The Crypt's Blogs:
Boehner calls bill a “crap sandwich” — but he'll vote for it — In a closed-door session with House Republicans, Minority Leader John A. Boehner just called the financial rescue deal a “crap sandwich” - then said he'll vote for it when it comes to the floor Monday.
Discussion:
Political Machine, Scared Monkeys, The Corner, Right Wing News, Michelle Malkin, Weekly Standard and The Other McCain
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Jaketapper / Political Punch:
Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” …
Key House GOP Opponent of Bailout Bill Changes Tune: “It Sucks” …
Discussion:
TalkLeft
Paul Krugman / New York Times:
The 3 A.M. Call — It's 3 a.m., a few months into 2009, and the phone in the White House rings. Several big hedge funds are about to fail, says the voice on the line, and there's likely to be chaos when the market opens. Whom do you trust to take that call? — I'm not being melodramatic.
DealBook:
Citigroup Nears a Deal for Wachovia — Citigroup is near a deal for Wachovia, a move that that would concentrate power within the nation's banking industry in the hands of a few giant lenders, The New York Times's Eric Dash and Andrew Ross Sorkin reported Monday morning.
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New York Times:
Citigroup Buys Banking Operations of Wachovia — Citigroup will acquire the banking operations of the Wachovia Corporation, the Federal Deposit Insurance Corporation said Monday morning, the latest bank to fall victim to the distressed mortgage market. — Citigroup will pay $1 a share …
Discussion:
Economix
Mindy Fetterman / USA Today:
Poll on the economy: Americans gloomier, for now — As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word “depression.”
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Dean Baker / TPMCafe:
Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger — If you have a real story, you don't have to make up phony stories. That's pretty straightforward. — I've heard lots of phony stories. Much of the country's political and economic leadership …
Howard Kurtz / Washington Post:
‘Substantive’ Press Is Taken for a Spin — OXFORD, Miss. — David Axelrod was surrounded by a pack of camera-toting, mike-wielding, pushing-and-shoving media types, one of whom asked whether his man Barack Obama had been “too nice” in the just-completed debate with John McCain.
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Jeremy P. Jacobs / Politicker MA:
Romney: McCain camp should have provided more access to Palin — Former Gov. Mitt Romney at the RNC: RNC Photo — Former Gov. Mitt Romney said Monday that the McCain campaign's reluctance to make vice presidential nominee Sarah Palin available to the press has been a strategic error.
Discussion:
Jonathan Martin's Blogs
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Michael Moore:
The Rich Are Staging a Coup This Morning ...a message from Michael Moore — Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken.
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Kevin Bogardus / The Hill:
Kucinich says not enough votes for bailout
Kucinich says not enough votes for bailout
Discussion:
The Crypt's Blogs, Eunomia, Gawker, American Spectator, The Raw Story, Open Left and Dealbreaker
Floyd Norris / New York Times:
Treasury Would Emerge With Vast New Power — During its weeklong deliberations, Congress made many changes to the Bush administration's original proposal to bail out the financial industry, but one overarching aspect of the initial plan that remains is the vast discretion it gives to the Treasury secretary.
Discussion:
Los Angeles Times, DealBook, The Foundry, Washington Post, Heritage Foundation, Below The Beltway and Political Radar
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Peter Slevin / Washington Post:
33 Pastors Flout Tax Law With Political Sermons — Defying a federal law that prohibits U.S. clergy from endorsing political candidates from the pulpit, an evangelical Christian minister told his congregation Sunday that voting for Sen. Barack Obama would be evidence of “severe moral schizophrenia.”
Wall Street Journal:
Lehman's Demise Triggered Cash Crunch Around Globe — Decision to Let Firm Fail Marked a Turning Point in Crisis — By CARRICK MOLLENKAMP and MARK WHITEHOUSE in London, JON HILSENRATH in Washington and IANTHE JEANNE DUGAN in New York — Two weeks ago, Wall Street titans and the government's …
Edward Wong / New York Times:
Doubt Arises in Account of an Attack in China — A foreign tourist took photographs of an attack on paramilitary officers in Kashgar, China. One of the photographs showed uniformed men wielding machetes and attacking other uniformed men. Chinese officials, however, have said that two Uighur men used machetes in the attack.
Peter Orszag / Director's Blog:
Emergency Economic Stabilization Act of 2008 — CBO has just issued its analysis of the Emergency Economic Stabilization Act of 2008, as released tonight by the House Committee on Financial Services. Among other provisions, the legislation would create a Troubled Assets Relief Program (TARP).
Discussion:
Washington Post, The Curious Capitalist, Real Time Economics, Obsidian Wings and Economist's View
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