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7:45 PM ET, February 10, 2009

memeorandum

 Top Items: 
Paul Krugman:
The Rorschach plan (wonkish, or at least hard to read)  —  An old joke from my younger days: What do you get when you cross a Godfather with a deconstructionist?  Someone who makes you an offer you can't understand.  —  I found myself remembering that joke when trying to make sense of the Geithner financial rescue plan.
RELATED:
Wall Street Journal:
Details Scarce in Rescue Plan  —  WASHINGTON—The Obama administration Tuesday announced a wide-ranging financial sector rescue plan that could send $2 trillion coursing through the financial system.  —  The plan, which is designed to involve a mix of government and private capital …
Martin Wolf / Financial Times:
Why Obama's new Tarp will fail to rescue the banks  —  Has Barack Obama's presidency already failed?  In normal times, this would be a ludicrous question.  But these are not normal times.  They are times of great danger.  Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will own it.
Megan McArdle:
I'm from the government, and I'm here to help you
Discussion: Real Time Economics
Zachary Roth / TPMMuckraker:
Ex-IMFer On Geithner's Speech: “This Is Not A Plan”
The Huffington Post:
Administration Officials Met With Laughter At Bailout Briefing  —  Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.
Discussion: The Huffington Post
RELATED:
Roger Simon / The Politico:
After the speech, time for a drink
Discussion: The Swamp
Frank James / The Swamp:   Lawmakers laughed at Geithner plan
Media Matters for America:
Fox passes off GOP press release as its own research — typo and all … During the February 10 edition of Fox News' Happening Now, co-host Jon Scott claimed that “the Senate is expected to pass the $838 billion stimulus plan — its version of it, anyway.  We thought we'd take a look back at the bill …
RELATED:
www.dcexaminer.com:
Blue Dog nips Obama with a better stimulus idea
Discussion: Hot Air, DownWithTyranny! and RedState
Michael Grabell / ProPublica:
The Stimulus Bills: House vs. Senate  —  If all goes as expected today, the Senate will pass an $838 billion economic stimulus plan that follows a compromise reached over the weekend.  But before the package can go to President Obama's desk, the Senate will have to resolve differences with the House and its $819 billion version.
RELATED:
Washington Post:
Senate Passes Economic Stimulus Bill
Discussion: The Moderate Voice and The Fix
Jack Kuenzie / WIS-TV:
Eight arrested in Michael Phelps case  —  Updated:  —  COLUMBIA, SC (WIS) - New details have emerged about a party where Olympic champion Michael Phelps was spotted.  —  On Feb. 2, a British tabloid published a picture of the 14-time Olympic gold medalist using a water pipe to smoke marijuana.
Discussion: The Dish Rag
Haaretz:
Exit polls: Livni's Kadima leads in 2009 elections  —  Exit polls by Israel's three main television stations on Tuesday night showed Kadima as the leader in the 2009 general elections, with Likud coming a narrow second.  —  Channel 1, Channel 2 and Channel 10 polling of voters as they left …
RELATED:
Stephen M. Walt:
What do we do if the “two-state” solution collapses?  —  Lots of smart people have been focusing on the Israeli elections and trying to make sense of their immediate implications for the peace process.  I can't improve on the analyses provided by Glenn Greenwald, Yossi Alpher, Bernard Avishai …
RELATED:
Bradley Burston / Haaretz:
LIVE ELECTION BLOG: Keep your eye on the Arab parties, and on the weather
Discussion: Jerusalem Post and BBC
Tyler Durden / Zero Hedge:
How The World Almost Came To An End At 2PM On September 18  —  LiveLeak has caught a scary moment of previously undisclosed insight by Paul Kanjorski where he reveals some facts that have not been captured by the media previously.  At 2 minutes and 20 seconds in the video below …
Washington Whispers:
Busy Sarah Palin Backs Out of CPAC; Rush Limbaugh Is Still Speaking  —  The opening-day headliner for the annual CPAC conservative convention February 26-28, Alaska Gov. Sarah Palin, has pulled out, citing state business in Juneau.  “We're obviously disappointed,” said a CPAC official.
RELATED:
CNN:   Palin won't be making CPAC appearance
Catherine Philp / Times of London:
Iranian mob attacks moderate ex-president Mohammed Khatami on anniversary  —  Iran's former president was set upon by an angry stick-wielding mob today amid celebrations of the 30th anniversary of the Islamic Revolution on the streets of Tehran.  —  The attack on Mohammed Khatami came …
Discussion: Obsidian Wings
RELATED:
Chris Cillizza / The Fix:
Mr. Franken Comes to Washington  —  Entertainer Al Franken (D-Minn.) will spend the next two days in Washington readying himself to serve in the Senate, a move that comes even as the contested Minnesota Senate election plods on.  —  Franken arrives in town tonight and will be here through Thursday …
Discussion: TIME.com and Scorecard's Blogs
RELATED:
Kevin Duchschereand Pat Doyle / Minneapolis Star …:
Senate recount trial: Rejected absentee ballots of 23 voters can be counted
Discussion: The Caucus
Andy Barr / The Politico:
Huckabee: Stimulus is ‘anti-religious’  —  Former Arkansas Gov. Mike Huckabee warned supporters Tuesday that the $828 billion stimulus package is “anti-religious.”  —  In an e-mail that was also posted on his blog ahead of the Senate's passage, Huckabee wrote: “The dust is settling …
RELATED:
Steve Benen / Washington Monthly:   HUCKABEE DOESN'T KNOW WHAT HE'S TALKING ABOUT.... You've got to be kidding me.
granma.cu:
Rahm Emanuel  —  WHAT a strange surname!  It appears Spanish, easy to pronounce, but it's not.  Never in my life have I heard or read about any student or compatriot with that name, among tens of thousands.  —  Where does it come from?  I wondered.  Over and over, the name came to mind …
Kevin Helliker / Wall Street Journal:
You Might as Well Face It: You're Addicted to Success  —  Forced to take a buyout from the Kansas City Star last summer, Paul Wenske lost his sense of identity.  “I'd been an investigative reporter all my life, and then boom,” says Mr. Wenske, an award-winning journalist of 30 years.
Discussion: Gawker
John Fund / Wall Street Journal:
Why Obama Wants Control of the Census  —  Counting citizens is a powerful political tool.  —  President Obama said in his inaugural address that he planned to “restore science to its rightful place” in government.  That's a worthy goal.  But statisticians at the Commerce Department …
Zachary Coile / San Francisco Chronicle:
Salazar puts coastal drilling plans on hold  —  (02-10) 13:30 PST Washington - —  President Obama is shelving a plan announced in the final days of the Bush administration to open much of the U.S. coast to oil drilling, including 130 million acres off California's coast from Mendocino to San Diego.
Myglesias / Matthew Yglesias:
Nationalization After All  —  If I'm reading this correctly, Timothy Geithner's financial rescue plan actually might lead to bank nationalizations after all.  The key thing is provision 1b of fact sheet: … There's clearly a desire here to avoid nationalization.  A strong desire.
The White House:
Liveblog: Ft. Myers, FL townhall  —  1:12 p.m.: Wrapping up.  President is shaking some hands and greeting the crowd.  —  1:10 p.m.: Question from an enthusiastic young man named Julio who says he has worked for McDonald's for four years but hasn't seen his benefits improve.
PR Newswire:
Public Rejects Obama Stimulus Bill According to New ATI-News/Zogby Poll  —  90 Percent of Republicans and 60 Percent of Independents Oppose Obama Economic Recovery Plan  —  Amidst all the rhetoric surrounding President Barack Obama's first signature piece of legislation, a massive $800 billion economic …
Discussion: Don Surber and Townhall.com
 
 
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 More Items: 
Ynetnews:
Survey: 31% of Europeans blame economic crisis on Jews
Discussion: Atlas Shrugs
CNN:
California may have to cut prison population by 40 percent
Discussion: Newshoggers.com and New York Times
Jay Cost / HorseRaceBlog:
The President Attacks a Republican Straw Man
 Earlier Items: 
Steve Benen / Washington Monthly:
THEY'RE NOT USED TO THESE KINDS OF QUESTIONS.... When Sam Stein …
David Hunn / St. Louis Post-Dispatch:
Ban on sale of St. Louis schools stirs anger
Soren Dayton / The Next Right:
What will Michael Steele do with the presidential primary calendar?
 

 
From Mediagazer:

Devin Coldewey / TechCrunch:
As the NYT Tech Guild goes on strike, Perplexity CEO Aravind Srinivas offers the AI company's services to the NYT to help ensure election coverage is available

Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers

Ellen Clegg / What Works:
After The Minnesota Star Tribune decided last summer not to endorse anyone for president, 15 former opinion staffers posted their own endorsement online

 
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