My Plan for Bad Bank Assets  —  The private sector will set prices.  Taxpayers will share in any upside.  —  The American economy and much of the world now face extraordinary challenges, and confronting these challenges will continue to require extraordinary actions.

HE'S NOT ‘PUNCH DRUNK’.... For a while, the lead story from Politico last night was the idea that President Obama chuckled a little too much during his interview with Steve Kroft on “60 Minutes.”  The headline on the piece read, “Kroft to Obama: Are you punch-drunk?”

Matthews Renews Contract at MSNBC  —  Chris Matthews, the usually garrulous host of “Hardball” on MSNBC, has quietly signed a new long-term contract to remain with the cable network through the next election, signaling that he had quit entertaining any plans to run for a Senate seat.

500 miles later, I'm back in Madison.  —  Did you understand the previous post?  If not, the answer — along with much congratulations and debate — appears in the comments, notably here.  Let there be no doubt about it: A blogger — Althouse — is engaged to be married to a man who began …

Obama budget takes hits from both sides  —  As President Barack Obama's budget enters its first make-or-break week, his plan for the federal government is having the most trouble with perhaps its most needed constituency: Washington lawmakers.  —  On Sunday, politicians from both sides …

Obama Upsets Sarkozy With Letter to Jacques Chirac  —  In his latest faux pas Obama managed to pi$$ off France...  President Obama wrote Jacques Chirac saying he was looking forward to working with the former French president in the coming four years(?)  —  Monsters and Critics reported:

GOV PLOTS SECRET TAX HIKE ON RICH  —  GOV. PATERSON and legislative Democrats have secretly agreed on an $8 billion, two- year tax hike on individuals making more than $500,000 a year that will “sunset” around the time he plans to run for election in 2010, legislative sources told The Post.

Tea Parties, Going Galt, Iraq, and Delicious Irony  —  I've been following the growing “Tea Party” and “Going Galt” movements with no small amount of amusement, in part because there is really just too much sweet, delicious irony surrounding both of these groups of people (who, I might add, are largely the same people).

WOW, I NEEDED THAT  —  As part of their efforts to make the scale and scope of Bernie Madoff's crimes clear to Judge Denny Chin in deciding the terms of his plea, confinement and eventual sentencing, the folks at the US Attorney's Office for the Southern District of New York submitted emails …

Nicholas Hughes, Sylvia Plath's son commits suicide  —  The son of the poets Ted Hughes and Sylvia Plath has taken his own life, 46 years after his mother gassed herself while he slept.  —  Nicholas Hughes hanged himself at his home in Alaska after battling against depression for some time, his sister Frieda said yesterday.

Howard Dean To Become Regular CNBC Contributor  —  Former DNC Chair Howard Dean will become a regular contributor for the business news network CNBC, a source close to the former Vermont Governor confirms.  Dean started his new gig on Monday morning with a guest-hosting appearance on the station.

Give Obama more time.  Then give him hell  —  The president has had only two months - harsh judgments are premature  —  The former New York City mayor Ed Koch was renowned for strolling about Manhattan when he was in office, grabbing strangers by the lapel and asking, “How am I doing?”

Texas School Board Set to Vote on Challenge to Evolution  —  The Texas Board of Education will vote this week on a new science curriculum designed to challenge the guiding principle of evolution, a step that could influence what is taught in biology classes across the nation.

Dreaming of President Petraeus and an American surge  —  ANALYSIS/OPINION:  —  Signs of our collective weakness emerged after 9/11 when only part of the American population took seriously that we were at war with an evil and motivated enemy determined to destroy our way of life.