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3:50 PM ET, September 30, 2008

memeorandum

 Top Items: 
David Brooks / New York Times:
Revolt of the Nihilists  —  In 1933, Franklin Roosevelt inherited an economic crisis.  He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done.  —  This generation of political leaders is confronting …
RELATED:
Peter Wehner / The Corner:
Speaker Spoke  —  I consider Nancy Pelosi to be one of the worst political figures of my lifetime: hyper-partisan, small-minded, and wrong on issue after issue.  And I thought her speech on the House Floor yesterday — tearing into the president and Republicans when her job was to rally support …
Nitya / Political Punch:
And What About Those 95 Democrats?  —  Yes, House Republicans didn't deliver many votes and 66% of them voted against the bill.  —  But considering that only a dozen votes needed to switch in order to provide a different outcome, and 95 Democrats in the House voted against it …
Mark Murray / MSNBC:
FIRST THOUGHTS: WHO SHOULDN'T BE BLAMED  —  From Chuck Todd, Mark Murray, Domenico Montanaro, and Carrie Dann  —  *** Who shouldn't be blamed: Just when you thought there couldn't be any more twists and turns in this election year, the House yesterday rejected the Bush Administration's $700 …
Mark R. Levin / The Corner:
Thank You, House Republicans  —  I have read the posts here and elsewhere.  Sometimes these things are made to look more complicated than they really are.  From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts …
Discussion: protein wisdom and PrestoPundit
Ryan Grim / The Crypt's Blogs:
House GOP leadership mocked by Rush
Discussion: RushLimbaugh.com and Townhall.com
Frank James / The Swamp:
Bailout fallout continues on Hill
Myglesias / Matthew Yglesias:
Brooks: House 'Wingers Are Destroying the GOP
CBS News:
Palin On Biden Age Comment  —  Exclusive: Sarah Palin explains a facetious comment she made about Joe Biden's years in the Senate.  Watch Katie Couric's interview with Sarah Palin tonight on the CBS Evening News.
Discussion: Washington Monthly and Emptywheel
RELATED:
Ben Smith / Ben Smith's Blogs:
RNC ad, was cut, sent out before package failed  —  The Republican National Committee's new advertisement critical of the the Wall Street “bailout” was produced and sent to television stations in key states before the package failed, officials at two stations said.  —  “Wall Street Squanders our money.
RELATED:
Tyler Cowen / Marginal Revolution:
The best and worst case scenarios  —  The best case scenario: The bad banks continue to be bought up, there is no run on hedge funds next Tuesday, only mid-sized European banks fail, money market funds keep on buying commercial paper, and the Fed and Treasury continue to operate on a case-by-case basis.
Discussion: Real Time Economics
RELATED:
MarketBeat:
Overnight-Lending Markets Still Flashing Red
Ezra Klein / American Prospect:   STATE OF THE CREDIT MARKETS.
Megan McArdle:
What am I so afraid of?  —  Tyler Cowen lays it out:
Discussion: Donklephant
Bill Sammon / Fox News:
Unlike Clinton, Biden Gets Pass for Saying He Was ‘Shot At’ in Iraq  —  When Hillary Clinton told a tall tale about “landing under sniper fire” in Bosnia, she was accused of “inflating her war experience” by Barack Obama's campaign — but the campaign has been silent about Joe Biden telling …
RELATED:
Andrew Malcolm / Top of the Ticket:
After Sarah Palin VP debate, Joe Biden to step aside for Hillary Clinton?  —  It's been one of the most persistent rumors on the internet since John McCain smartly snuffed Barack Obama's convention afterglow by doing what the Democrat considered and rejected: naming a woman as his vice presidential partner.
Discussion: Washington Post
Ryan Corsaro / CBS News:
Biden Focuses on Debate Prep, Mishears Question on Rejection of Bailout Bill
Gallup:
Gallup Daily: Obama Holds 6-Point Lead  —  Two weeks since McCain's had any advantage in voter preferences  —  PRINCETON, NJ — Barack Obama continues to hold a significant lead over John McCain in Gallup Poll Daily tracking, 49% to 43%.  —  This is based on interviewing conducted Sept. 27-29 …
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David Kurtz / Talking Points Memo:
IF AT FIRST YOU DON'T SUCCEED, SUSPEND AGAIN!  —  John McCain made the morning show rounds today.  On Fox they were virtually begging him to “suspend” his campaign again in the wake of the bailout failure yesterday on the Hill.  You know, since it worked out so well the first time.
Jeffrey A. Miron / CNN:
Commentary: Bankruptcy, not bailout, is the right answer  —  Editor's note: Jeffrey A. Miron is senior lecturer in economics at Harvard University.  A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.
Steve Benen / Washington Monthly:
SOMETIMES, A DIG IS JUST A DIG.... There was a point a couple of months ago in which campaign reporters, at the McCain campaign's urging, began to see the word “confused” as an ageist attack.  So, if someone were to point out that John McCain is confused about whether the U.S. can maintain …
Discussion: Swampland and Alas, a blog
RELATED:
Jonathan Martin / Jonathan Martin's Blogs:   Obama aide takes age swipe at McCain
New York Sun:
Ideal of the Scoop  —  Following are excerpts of remarks by the Editor of the Sun, Seth Lipsky, to the newspaper's staff:  —  It is my duty to report today that Ira Stoll and I and our partners have concluded that the Sun will cease publication.  Our last number will be the issue dated September 30, the first day of Rosh Hashanah.
Ben Smith / Ben Smith's Blogs:
Hugo of Arabia?  —  A Democrat sends over this clip from John McCain's economic forum just now, in which McCain, talking about energy policy, stresses the importance of “ensuring that America is secure, and not dependent on oil from people like Hugo Chavez or other parts of the Middle East which is …
Discussion: Wonkette
Steve / Nielsen Wire:
McCain And Obama Highs And Lows From Debate Dial Tests  —  During the first presidential debate on September 26, Barack Obama's comments on oil independence, health care, the Iraq War, and Al Qaeda drew the most positive responses from a panel of uncommitted, registered voters who allowed CBS …
 
 
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 More Items: 
Bruce Bawer / Pajamas Media:
Who's Sleeping More Deeply — Europe or America?
The Huffington Post:
New Urgency Over McCain Medical Questions As Election Nears
Discussion: Open Left
Bloomberg:
Euro Falls Most Against Dollar Amid European Banking Failures
Discussion: Vodkapundit
Ross Douthat:
Why McCain Lost (The Debate, That Is)
Discussion: Eunomia and Kevin Drum
 Earlier Items: 
Ali / Think Progress:
Glenn Beck, Jonah Goldberg fantasize about violently cutting open …
Discussion: ECHIDNE OF THE SNAKES
Megan McArdle:
Raising Arizona
Discussion: Trailhead and The RBC
Myglesias / Matthew Yglesias:
The Paulson Crisis
Los Angeles Times:
The green bubble bursts
Taegan Goddard's Political Wire:
Diageo/Hotline: Obama Surges in Battleground States
Discussion: The Daily Dish and Donklephant
Dana Milbank / Washington Post:
A House Divided Along Twisted Lines