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12:15 AM ET, March 4, 2009

memeorandum

 Top Items: 
Washington Whispers:
GOP to Michael Steele: Quiet About Rush Limbaugh or You're Fired  —  Apology to Rush Limbaugh aside, new Republican National Committee Chairman Michael Steele is coming under fire from his own GOP troops to shut up and focus on his job of organizing the party and raising money, not fighting with his own political kind.
RELATED:
Peter Daou / The Huffington Post:
Why on Earth Are Democrats Legitimizing and Empowering Rush Limbaugh?  —  I don't buy into this ‘brilliant’ strategy of elevating Rush Limbaugh in the hopes that it will tarnish Republicans.  —  Focus relentlessly on the disastrous Bush presidency to tarnish Republicans, yes.
Greg Sargent / The Plum Line:
Limbaugh Attacks Stephanopoulos, Says ABC Falsely Reported That Eric Cantor Disagreed With “Fail” Remark  —  Okay, the Limbaugh wars have just taken yet another weird new turn — Rush is claiming that a high profile GOP leader who appeared to disagree with his professed hope that President Obama …
Greg Sargent / The Plum Line:
Rush Refuses To Say Whether Successful Obama Fix Of Economy Would Be Good For The Country  —  Okay, as noted below, I somehow ended up in an extended email exchange with Rush Limbaugh.  In it, Rush repeatedly insisted that his desire for President Obama to fail didn't mean he didn't want the country to “succeed.”
David Neiwert / Crooks and Liars:   Limbaugh's excuse for hoping Obama fails — ‘Dems did it too’ — is baloney
Al Giordano / The Field on the Narcosphere:
Ugly and Incendiary  —  Talk radio host Rush Limbaugh began …
Mark Murray / MSNBC:
Poll: Obama's rating at all-time high  —  NBC/WSJ poll shows gap between popularity of president and his policies  —  WASHINGTON - After Barack Obama's first six weeks as president, the American public's attitudes about the two political parties couldn't be more different, the latest NBC News/Wall Street Journal poll finds.
Discussion: Salon, MyDD and Oliver Willis
RELATED:
Laura Meckler / Wall Street Journal:
Obama Gets Strong Support in Poll  —  Popularity Can Help President Pursue Big Initiatives; Warning Signs on Health Care  —  WASHINGTON — President Barack Obama enjoys widespread backing from a frightened American public for his ambitious, front-loaded agenda, a new poll indicates.
Mark Murray / MSNBC:
SNEAK PEEK AT THE NBC/WSJ POLL
Frank Newport / Gallup:
Initial Reaction to Obama Budget Tilts Positive
Discussion: Open Left
RELATED:
Michael Calderone / The Politico:
How media sucks up to White House  —  In a profile last month, The Washington Post described deputy White House chief of staff Jim Messina as a “low-profile aide” who begins “fixing President Obama's problems” before 7 a.m., works 14 hours straight and then hits the gym.
Discussion: Associated Press
Allahpundit / Hot Air:
Video: Cramer goes nuclear on Obama, White House rips Cramer  —  I think he's worked up here but I can't tell for sure: Much like Glenn Beck, because his default state is one of unnerving intensity, it's hard to tell when he feels passionately about something from when he's behaving normally.
CNN:
Hoyer says Congress, not the President, will decide on earmarks
Discussion: New York Times and Say Anything
Huma Khan / Political Punch:
Emblems to Stamp Projects Funded by the Stimulus Package  —  ABC News' Sunlen Miller reports:  —  Put a stamp on it — that's what the White House says.  —  President Obama announced today that his administration will begin stamping an emblem on projects funded by the economic stimulus package …
The New Republic:
Wealthy Idiots Meet Idiot Reporter  —  I've seen a lot of dumb news reports in my life, but I'm not sure anything can quite match this one from ABC News.  The premise of the report is this: Barack Obama plans to raise taxes on people who make more than $250,000, so the reporter has gone …
RELATED:
Bloomberg:
Bernanke Says Insurer AIG Operated Like a Hedge Fund  —  Federal Reserve Chairman Ben S. Bernanke said American International Group Inc. operated like a hedge fund and having to rescue the insurer made him “more angry” than any other episode during the financial crisis.
RELATED:
Andrew Ross Sorkin / New York Times:
The Case for Saving A.I.G., by A.I.G.
Discussion: DealBook
Patrick O'Connor / The Politico:
Dems yank DC vote bill in House  —  It looks like voters in the District of Columbia will have to wait another week - and possibly a lot longer - to claim official representation in the House.  —  Majority Leader Steny H. Hoyer (D-Md.) told reporters Tuesday night that the bill would not come …
RELATED:
Alan K. Ota / CQ Politics:
Democratic Revolt May Slow Obama Agenda
Discussion: DownWithTyranny! and Hot Air
CNN:
Palin foe gets administration job  —  (CNN) - Alaska State Sen. Kim Elton, one of the leading officials to pursue an investigation of Gov. Sarah Palin during the heat of the presidential campaign, has taken a high-level job in the Interior Department.  —  Palin reacted in a short statement Monday …
Huma Khan / Political Punch:
Bullish Obama Suggests Nation Should Buy!  Buy!  —  President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.
Eric Lipton / New York Times:
Ex-Leaders at Countrywide Start Firm to Buy Bad Loans  —  CALABASAS, Calif. — Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation's economic crisis.  After all, the banking behemoth made risky loans to tens of thousands of Americans …
Newsdesk / Clout St:
Quigley claims Democratic nomination in race to replace Rahm Emanuel  —  Cook County Commissioner Mike Quigley is poised for a promotion to Congress after claiming the Democratic nomination Tuesday in the race to replace Rahm Emanuel, overcoming disadvantages in campaign cash and union support.
Willem Buiter / Willem Buiter's Maverecon:
The unfortunate uselessness of most ‘state of the art’ academic monetary economics  —  The Monetary Policy Committee of the Bank of England I was privileged to be a ‘founder’ external member of during the years 1997-2000 contained, like its successor vintages of external and executive members …
Robert J. Barro / Wall Street Journal:
What Are the Odds of a Depression?  —  International evidence suggests there is a 20% chance our stock-market crash will lead to much worse.  —  Central questions these days are how severe will the U.S. economic downturn be and how long will it last?  —  The most serious concern …
Alex Isenstadt / The Politico:
Senators push select econ committee  —  Senators Byron Dorgan and John McCain introduced legislation Tuesday calling for a Senate select committee to investigate the causes of the financial crash.  —  “People are confused, upset, and unhappy,” McCain told reporters this afternoon.
Discussion: The Moderate Voice
Jack Cafferty / CNN:
Cafferty: My crush on Michelle Obama  —  Editor's note: Jack Cafferty is the author of a new book, “Now or Never: Getting Down to the Business of Saving Our American Dream,” to be published in March.  He provides commentary on CNN's “The Situation Room” daily from 4 to 7 p.m. ET.
Greg Mankiw / Greg Mankiw's Blog:
Team Obama on the Unit Root Hypothesis  —  All academics, to some degree, suffer from the infliction of seeing the world through the lens of their own research.  I admit, I do it too.  So when I read the CEA's forecast analysis, this sentence jumped out at me:
Little Green Footballs:
The Kindle 2 Review  —  Amazon's new Kindle 2 is more of an incremental improvement than a massive upgrade.  As a Kindle 1 owner, the new features and display improvements (and the fact that I read so much) make it worth the price for me, but if you already have a Kindle 1 your mileage may vary.
Stephen Ohlemacher / Associated Press:
Geithner: Obama inherited worst fiscal mess ever  —  WASHINGTON (AP) — President Barack Obama's Treasury secretary says the administration has inherited “the worst fiscal situation in American history.”  —  Treasury Secretary Timothy Geithner told the House Ways and Means Committee Tuesday …
New York Times:
Already Bleak, Auto Sales Take a Fall in February  —  DETROIT — Despite their offers of deeper discounts, automakers had more trouble luring shoppers into showrooms in February, when vehicle sales fell to their lowest level in 28 years.  —  Auto companies, which reported sales figures Tuesday …
 
 
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 More Items: 
Jonah Goldberg / USA Today:
A blueprint for a ‘remaking’
Michelle Malkin:
Obama's new mark of the porkulus beast; Update: Photoshoppers to the rescue!
Discussion: RedState
Domenico Montanaro / MSNBC:
MCCAIN EARMARKS AMENDMENT FAILS
Discussion: Hot Air and Wonkette
Jane Hamsher / Firedoglake:
House Deal Reached on Mortgage Write-Down; New Dems Assure Banks Get Theirs
Discussion: Congress Matters and Open Left
Jason Straziuso / Associated Press:
Afghan tech boom: Mullah embraces iPhone
Discussion: Weekly Standard
CNBC:
Jim Rogers: Let AIG Go Bankrupt, Not America
 Earlier Items: 
W. James Antle, III / AmSpecBlog:
Bury Goldwater
Discussion: Townhall.com
Mark Steyn / The Corner:
Rush to Judgment
Discussion: Atlas Shrugs
PR Newswire:
Over 100 of the Nation's Top Scientists Call on CA Air Board …
Discussion: RedState and Townhall.com
Directorblue / Doug Ross:
“We're Sorry” — Obama voters express their regrets
Discussion: The Huffington Post