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10:15 AM ET, September 29, 2008

memeorandum

 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.
RELATED:
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 …
Discussion: TIME.com
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.
RELATED:
Austin Fenner / New York Post:   DOCS DETAIL BARACK TIES TO RADICAL
James Simpson / American Thinker:
Barack Obama and the Strategy of Manufactured Crisis
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.
RELATED:
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
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.
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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.
Discussion: MSNBC and LewRockwell.com Blog
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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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.
RELATED:
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.
RELATED:
CNN:
Palin in ‘debate camp’ until Thursday
Discussion: Political Machine and CBS News
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.
RELATED:
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).
RELATED:
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.
RELATED:
Jeanne Sahadi / CNNMoney.com:
Rescue bill unveiled
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.”
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.
Lewis Page / The Register:
Elon Musk's Falcon 1 launches successfully  —  Fourth time's the charm  —  Multimillionaire tech visionary Elon Musk has finally achieved a long-sought goal on the fourth attempt, as his privately-funded SpaceX Falcon 1 is now circling the Earth.  The rocket, launched from Kwajalein Atoll in the Pacific …
 
 
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 More Items: 
Wolfgang Münchau / Financial Times:
Paulson's problem presents lessons for us all
Mark Silva / The Swamp:
Bush: ‘Bold’ rescue, ‘difficult’ vote
Discussion: The Crypt's Blogs
Washington Post:
Obama and McCain Express Cautious Support for Bailout
Nouriel Roubini / Nouriel Roubini's Global …:
Is Purchasing $700 billion of Toxic Assets the Best Way to …
Discussion: Guardian and naked capitalism
 Earlier Items: 
Dinesh Ramde / Associated Press:
Soldier's mother “ecstatic” about Obama's bracelet
Discussion: Washington Monthly