Top Items:
Washington Post:
Anger Over Firm Depletes Obama's Political Capital — President Obama's apparent inability to block executive bonuses at insurance giant AIG has dealt a sharp blow to his young administration and is threatening to derail both public and congressional support for his ambitious political agenda.
Discussion:
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Andrew Ross Sorkin / New York Times:
The Case for Paying Out Bonuses at A.I.G. — Do we really have to foot the bill for those bonuses at the American International Group? — It sure does sting. A staggering $165 million — for employees of a company that nearly took down the financial system. And heck, we, the taxpayers, own nearly 80 percent of A.I.G.
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JustOneMinute, Guardian, Clusterstock, TigerHawk, FT Alphaville, The Washington Independent, MoJo Blog Posts and Marginal Revolution
Washington Post:
Rage at AIG Swells As Bonuses Go Out — Fed Decided Payouts Couldn't Be Stopped — A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products …
Discussion:
Portfolio, Capital Gains and Games, CNBC, Hot Air, TalkLeft, Brilliant at Breakfast, Riehl World View and Viking Pundit
Louise Story / New York Times:
Goldman Offers Loans to Stretched Employees — Goldman Sachs got its bailout. Now some of its bankers, those aristocrats of Wall Street, apparently need a bit of a bailout too. — Goldman, which accepted billions of taxpayer dollars last fall and, as learned Sunday …
Martin Kady II / The Politico:
Grassley on AIG execs: Quit or suicide — Sen. Charles Grassley is so angry over AIG bonuses that he says the executives should resign or kill themselves. — In a comment aired this afternoon on WMT, an Iowa radio station, Grassley (R-Iowa) said: “The first thing that would make me feel …
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Think Progress, Political Machine, Fox News, Althouse, Cafe Hayek, Blogs and Stories, the talking dog, Albany and Blue Crab Boulevard
Wall Street Journal:
Wall Street Pursues Pay Loopholes — Compensation Caps Drive Some Firms to Weigh Options; Higher Salaries? — Some Wall Street firms are looking for ways to sidestep tough new federal caps on compensation. — In response to expected bonus restrictions, officials at Citigroup Inc. …
Discussion:
Associated Press, Think Progress, The Washington Independent, naked capitalism and Obsidian Wings
Jules Crittenden:
Quagmire! — Washington Post: Anger Over Firm Depletes Obama's Political Capital.
Quagmire! — Washington Post: Anger Over Firm Depletes Obama's Political Capital.
Discussion:
Don Surber
New York Times:
Obama in Effort to Undo Bonuses at A.I.G.
Obama in Effort to Undo Bonuses at A.I.G.
Discussion:
The Atlantic Business Channel, Talking Points Memo, Wall Street Journal, DealBook, Law Blog, Bloomberg, Clusterstock and MyDD
Nicholas Graham / The Huffington Post:
National Outrage Forces Obama Administration To Act On AIG Bonuses
National Outrage Forces Obama Administration To Act On AIG Bonuses
Discussion:
Wizbang, BBC, Los Angeles Times, The Huffington Post, MoJo Blog Posts and naked capitalism
Wall Street Journal:
Political Heat Sears AIG
Political Heat Sears AIG
Discussion:
Open Left, Time, Washington Post, The Politico, The Corner, MyDD, Fausta's Blog, MSNBC, The Note, JustOneMinute and DealBook
Richard Cohen / Washington Post:
Don't Blame Jim Cramer — What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he's wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn't cover up the story of financial shenanigans.
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Jamison Foser / Media Matters for America:
Richard Cohen defends financial execs & business media; blasts Stewart
Richard Cohen defends financial execs & business media; blasts Stewart
Discussion:
Balloon Juice
Lydia Saad / Gallup:
Majority Receptive to Law Making Union Organizing Easier — But most Americans not closely following news about union bill in Congress — PRINCETON, NJ — A new Gallup Poll finds just over half of Americans, 53%, favoring a new law that would make it easier for labor unions to organize workers; 39% oppose it.
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Neil A. Lewis / New York Times:
Moderate Is Said to Be Pick for Court — WASHINGTON — President Obama is expected to name his first candidate to an appeals court seat this week, officials said, choosing David F. Hamilton, a highly regarded federal trial court judge from Indiana, for the appeals court in Chicago.
Discussion:
Washington Monthly, Sentencing Law and Policy, Law Blog, Political Machine, Oliver Willis, TIME.com and Swampland
Michael Calderone / The Politico:
JournoList: Inside the echo chamber — For the past two years, several hundred left-leaning bloggers, political reporters, magazine writers, policy wonks and academics have talked stories and compared notes in an off-the-record online meeting space called JournoList. — Proof of a vast liberal media conspiracy?
Financial Times:
Mexico to impose sanctions on US exports — ByAlan Beattie in Washington and Adam Thomson in Mexico City — A long-simmering trade dispute boiled over into sanctions on Monday after Mexico said it would raise tariffs on $2.4bn of US exports in retaliation for ending a pilot programme to allow Mexican trucks on American roads.
Discussion:
Don Surber
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Eli Lake / Washington Times:
EXCLUSIVE: Israel's national security aide barred from U.S. — Former Israeli spy linked to Pentagon leak — Uzi Arad, who is expected to serve as national security adviser in the next Israeli government, has been barred from entering the United States for nearly two years on the grounds that he is an intelligence risk.
Christopher Beam / Slate:
Ron Paul's insane cameo in the upcoming Bruno movie. — Note: This article contains spoilers about Sacha Baron Cohen's upcoming movie, Bruno. — Presidential candidates will do almost anything for publicity. But Ron Paul's appearance in Sacha Baron Cohen's upcoming Bruno movie suggests …
David Brooks / New York Times:
The Commercial Republic — Over the centuries, the United States has been most conspicuous for one trait: manic energy. Americans work longer hours than any other people. We switch jobs more frequently, move more often, earn more and consume more. — This energy was first aroused by abundance …
Scott Wilson / Washington Post:
Obama Team Derides Cheney's Criticisms — The Obama administration responded sharply yesterday to former vice president Richard B. Cheney's comments in a weekend interview that the new president “is making some choices that, in my mind, will in fact raise the risk to the American people” of another terrorist attack.
Anchorage Daily News:
GOP says Palin will star at dinner — OR MAYBE NOT: She didn't know about keynoting, aide says. — Gov. Sarah Palin's spokesman said Monday that congressional Republicans were mistaken in announcing the governor would headline one of the biggest Republican gatherings of the year …
Steve Benen / Washington Monthly:
ZAKARIA, OBAMA, AND ‘THE ESTABLISHMENT’.... Last week, Newsweek's Howard Fineman said President Obama needs to invest more energy in impressing the Washington establishment. This week, Fareed Zakaria, Fineman's Newsweek colleague, suggests the Washington establishment doesn't know what it's talking about.
Discussion:
The Daily Dish
Bryan Bender / Boston Globe:
Gates readies big cuts in weapons — Battle looms with Congress — Aides said Defense Secretary Robert Gates's decisions will be guided by what he learns while spending time with troops. — WASHINGTON - As the Bush administration was drawing to a close, Robert M. Gates …
Eugene Robinson / Washington Post:
A Hand in the Health Care Debate — The last thing the surgeon said to me before they rolled me into the operating room was, “You know, if you and Obama had your way with health care, it wouldn't be me doing this operation. It would just be some guy.” — I tried to tell him …
Discussion:
Townhall.com