President Obama Jokes About Being a Bad Bowler: 'It's Like the Special Olympics'  —  The first appearance by a sitting president on “The Tonight Show” may well end up being the last.  —  President Obama, in his taping with Jay Leno Thursday afternoon, attempted to yuk it up with the funnyman, and ended up insulting the disabled.

Geithner: Treasury pushed for bonus loophole  —  (CNN) — Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.

Palin rejecting federal stimulus money  —  From Sean Cockerham in Juneau -  —  Gov. Sarah Palin just told reporters that she's accepting only 55 percent of the federal economic stimulus money being offered to Alaska.  The governor said that she will accept only about $514 million of the $930 million headed to the state.

Gordon Brown is frustrated by ‘Psycho’ in No 10  —  While not exactly a film buff, Gordon Brown was touched when Barack Obama gave him a set of 25 classic American movies - including Psycho, starring Anthony Perkins on his recent visit to Washington.  —  Alas, when the PM settled …

Carol Baum: Welfare CEOs are Just Like John Galt  —  Bloomberg columnist Carol Baum puts together a baffling analogy: … Atlas Shrugged is a stupid book, Ayn Rand is a stupid woman, and John Galt's ideas are stupid.  That said, none of them are nearly this stupid.

Obamas to Plant White House Vegetable Garden  —  WASHINGTON — On Friday, Michelle Obama will begin digging up a patch of White House lawn to plant a vegetable garden, the first since Eleanor Roosevelt's victory garden in World War II.  There will be no beets (the president doesn't like them) but arugula will make the cut.

House Passes Heavy Tax on Bonuses at Rescued Firms  —  WASHINGTON — The House overwhelmingly approved on Thursday a near total tax on bonuses paid this year to employees of the American International Group and other firms that have accepted large amounts of federal bailout funds …

AUDIO: Arnold on Obama: ‘Beautiful’  —  LOS ANGELES - “When have you ever seen a president be that out there?”  —  That was a mesmerized Arnold Schwarzenegger after Obama's town hall meeting.  —  “I've never seen that,” Schwarzenegger said to a couple reporters as he and his wife, Maria Shriver, tried to make an exit.

IDF in Gaza: Killing civilians, vandalism, and lax rules of engagement  —  During Operation Cast Lead, Israeli forces killed Palestinian civilians under permissive rules of engagement and intentionally destroyed their property, say soldiers who fought in the offensive.

Who Doesn't Love The JournoList?  —  How great is the JournoList, that off-the-record electronic salon where liberal journalists and policy gurus can exchange views, and which is emphatically *not* an echo chamber?  —  Let's see - Matt Yglesias of JL on the AIG furor - it's a distraction:

Why President Obama skipped ‘Meet the Press’  —  Moderator David Gregory, center, of “Meet the Press,” hasn't lived up to the Tim Russert legacy.  (Getty Images)  —  THE SHOW “Meet the Press,” hosted by David Gregory.  —  REASON TO WATCH That is the question, and one President Barack …

Obama struggles as communicator  —  Of all the pitfalls Barack Obama might face in the presidency, here is one not many people predicted: He is struggling as a public communicator.  —  The sluggish and unsteady response to the uproar over AIG bonuses highlights a larger problem of his White House …

'07 U.S. Births Break Baby Boom Record  —  More babies were born in the United States in 2007 than in any other year in American history, according to preliminary data reported Wednesday by the National Center for Health Statistics.  —  The 4,317,000 births in 2007 just edged out the figure for 1957, at the height of the baby boom.

Obama envoy Holbrooke served on AIG's board  —  WASHINGTON (AP) — Obama administration special envoy Richard Holbooke was on the American International Group Inc. board of directors in early 2008 when the insurance company locked in the bonuses now stoking national outrage.

CNBC's Kudlow lights dollar bill on fire, says “This is the value of our money”  —  Send in the G-Men.  This guy is defacing federal money  —  I was thinking the same thing, isn't it a crime to destroy US currency?  I thought it was just as bad as defacing the US Flag, which we know the republicans would never...

BIGGER THAN THE BOTH OF US  —  There's no end of puffed up outrage and opportunistic posturing over the on-going revelation of the AIG bonus scandal.  But some line has been crossed.  And it's worth thinking really clearly about just what that line is.  —  What is so damaging …

The Arnie-Barry lovefest  —  Well, how d'ya like that rebranded GOP now?  The Taxinator, Calif. Gov. Arnold Schwarzenegger, welcomed Barack Obama to southern California with open arms this afternoon — praising his courage and extolling the porkulus package.

More Press Than Protesters Show Up At Goldman HQ  —  Whoops.  Turns out nobody wanted to brave the rain to protest outside Goldman Sachs (GS) HQ today.  According to one on-the-ground eyewitness, members of the press far outnumbered the the actual sign-wavers and chanters.