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2:20 PM ET, March 22, 2009

memeorandum

 Top Items: 
Martina Stewart / CNN:
Gregg: ‘This country will go bankrupt’  —  WASHINGTON (CNN) - Even though he was almost a member of the new Obama administration, New Hampshire Republican Judd Gregg Sunday slammed President Obama's approach to handling the country's fiscal outlook.  —  “The practical implications …
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Associated Press:
Sen. Gregg says Obama budget will bankrupt US  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.
Associated Press:
Top GOP senator losing confidence in Geithner
Discussion: Reuters and The Politico
Scott / Power Line:
WHY I AM DEPRESSED  —  Victor Davis Hanson asks why so many Americans are depressed.  Suggesting five themes that might provide an answer, he thinks it might be more than the economy that explains our state of mind.  I agree, but none of Dr. Hanson's themes accounts for my despair.
RELATED:
Brad DeLong / Grasping Reality with Both Hands:
The Geithner Plan FAQ  —  Q: What is the Geithner Plan?  —  A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally undervalued assets and …
Martin Crutsinger / Associated Press:
Treasury's toxic asset plan could cost $1 trillion  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses rely on a new government entity …
Discussion: Reuters and The Politico
RELATED:
David Cho / Washington Post:
Treasury Presses Ahead With Plan For Toxic Assets
Discussion: Connecting.the.Dots
Michael A. Fletcher / Washington Post:
Obama Backs Geithner Despite Vast Criticisms
Discussion: TalkLeft, Commentary and Corrente
Newsweek:
Follow the Bailout Cash  —  From the magazine issue dated Mar 30, 2009  —  There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money.  But another money trail could make voters just as angry: the campaign dollars …
Bill O'Reilly / Boston Herald:
Coming soon to a lefty rag near you  —  The other day, left-wing muckraker Seymour Hersh went on MSNBC and said he had information, provided by the usual anonymous sources, that Dick Cheney was running an assassination squad out of the White House.  —  I have but one simple observation …
Discussion: NewsBusters.org and Think Progress
Greg Miller / Los Angeles Times:
U.S. missile strikes take heavy toll on Al Qaeda, officials say  —  Predator drone attacks in northwest Pakistan have increased sharply since Bush last year stopped seeking Pakistan's permission.  Obama may keep pace as officials speak of confusion in Al Qaeda ranks.
Discussion: Matthew Yglesias and On Deadline
RELATED:
Washington Post:
A Conversation With David Kilcullen
Charlie Cook / National Journal Online:
Are Independents Hedging Their Bets?  —  IF REPUBLICANS REALLY HAVE PULLED EVEN AMONG INDEPENDENTS, IT'S AN OMINOUS SIGN FOR DEMOCRATS.  —  Just as the economic news was relentlessly negative until the last few days, poll numbers for Republicans were horrific for months.
Ed Morrissey / Hot Air:
Obamateurism of the Day  —  This is a clip from a few days ago, and in this case, it's not so much what he says as the obvious fact that he got lost on his Teleprompter while saying it.  Watch President Obama look nervously left and right trying to find the thread of his remarks …
Amanda Carpenter / Washington Times:
Retailers floating union compromise  —  Three major retail companies with a reputation for generous dealings with their employees and very little union involvement are floating compromise legislation that would make it easier for organized labor to unionize but preserve a workers' ability to decide using a secret ballot vote.
RELATED:
Stella M.Hopkins / McClatchy Washington Bureau:
BofA's insider loans zoomed in 2008, but no one will say why  —  CHARLOTTE, N.C. — Bank of America vaulted into the top 10 banks for insider lending last year with an increase of more than $358 million, much of it coming as credit markets froze and mounting financial calamity threatened the industry's survival.
Discussion: Matthew Yglesias
Associated Press:
VP adviser: AIG bonus tax may go too far  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - Vice President Joe Biden's economic adviser warned Sunday that a congressional plan to tax American International Group Inc. executives' bonuses may go too far in using the tax code as a tool for retribution.
Christopher Booker / Telegraph:
The ‘Global Warming Three’ are on thin ice  —  The only problem with a project to prove that Arctic ice is disappearing is the fact that it is actually getting thicker, says Christopher Booker.  —  What a wonderful parable of our time has been the expedition to the North Pole led by the explorer Pen Hadow.
Discussion: RedState, Maggie's Farm and Redhot
Frank Rich / New York Times:
Has a ‘Katrina Moment’ Arrived?  —  A CHARMING visit with Jay Leno won't fix it.  A 90 percent tax on bankers' bonuses won't fix it.  Firing Timothy Geithner won't fix it.  Unless and until Barack Obama addresses the full depth of Americans' anger with his full arsenal of policy smarts and political gifts …
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 More Items: 
Andrew Martin / New York Times:
Is a Food Revolution Now in Season?
Discussion: Crunchy Con
Ben Smith / The Politico:
Spitzer open to comeback
Andrew Sullivan / The Daily Dish:
Conservatism As Water  —  Via Dreher, Stewart Lundy talks …
Discussion: Balloon Juice
Anne Flaherty / Associated Press:
In Afghanistan, US military's ‘Help Wanted’ sign
Discussion: Jules Crittenden
Donald Sensing / Sense of Events:
Obama's Top 10 gaffes? Not this one
Discussion: Mudville Gazette
Ye Xie / Bloomberg:
Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying
Discussion: Gateway Pundit
 Earlier Items: 
Les Blumenthal / McClatchy Washington Bureau:
Could split contract solve Air Force tanker dispute?
Discussion: But As For Me
Rhys Southan / Clusterstock:
Protest Bust: Lots Of Media, Just One Bus Of Protesters
Washington Post:
Obama Plans Anti-Drug Effort on Border to Aid Mexico
Associated Press:
Biden pokes fun at his boss during Gridiron