Top Items:
Washington Post:
U.S. Seeks Expanded Power to Seize Firms — Goal Is to Limit Risk to Broader Economy — The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers …
Discussion:
Reuters, pw, The Moderate Voice, McClatchy Washington Bureau, The Strata-Sphere, naked capitalism, The Mahablog, Washington Monthly, Sister Toldjah, The Raw Story, Bloomberg, Angry Bear, Right Wing News, MoJo Blog Posts, Fausta's Blog, Los Angeles Times, Pajamas Media and Talking Points Memo
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Monica Langley / Wall Street Journal:
Obama Dials Down Wall Street Criticism — WASHINGTON — The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan. — In recent days, in spite of public furor over huge bonuses paid …
Alexander Bolton / The Hill:
House bonus bill is buried by the Senate — President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms. — Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG …
Discussion:
Michelle Malkin
Josh Marshall / Talking Points Memo:
MUST READ — There's an eye-opening, perhaps eye-popping, article in tomorrow's Journal ("Obama Dials Down Wall Street Criticism"), the gist of which is that over the last three months Obama and his team have learned that they've got to start respecting Wall Street and the big banks if they want to get anything done.
Washington Post:
Senate Will Delay Action on Punitive Tax on Bonuses — Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive federal aid.
Jackie Calmes / New York Times:Rescue Plan, With Some Fine Print, Dazzles Wall Street
Discussion:
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Molly K. Hooper / The Hill:
Go back into hiding, GOP begs Dick Cheney — Congressional Republicans are telling Dick Cheney to go back to his undisclosed location and leave them alone to rebuild the Republican Party without his input. — Displeased with the former vice-president's recent media appearances …
Discussion:
Matthew Yglesias, Think Progress, The Moderate Voice, Washington Monthly and The Washington Independent
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Jamil Anderlini / Financial Times:
China calls for new reserve currency — China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. — In an essay posted on the People's Bank of China's website, Zhou Xiaochuan …
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David Barboza / New York Times:China Urges New Money Reserve to Replace Dollar
Discussion:
AmSpecBlog
Joe Dwinell / Boston Herald:
Poll of change: Obama's job approval slipping to ‘50-50’ — + Recent Articles + Recent Blog Entries + Email + Bio — The honeymoon is over, a national poll will signal tomorrow as President Obama's job approval stumbles to about 50 percent over the lack of improvement with the crippled economy.
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Jonathan Martin / The Politico:
Obama seeks filter-free news — At a time when his Washington honeymoon is turning into a hazing, President Barack Obama and his team are launched on a strategy to sail above the traditional White House press corps by reaching out to liberal commentators, local reporters and ethnic media.
Barack Obama / Chicago Tribune:
A time for global action — WASHINGTON — We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation. Now, the leaders of the G-20 have a responsibility to take bold, comprehensive and coordinated action …
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Charles Homans / Washington Monthly:
Culture Shock — What happened when one conservative Web site ventured outside the movement bubble. — Last May, Conor Friedersdorf, a twenty-eight-year-old recent graduate of NYU's Journalism School, decided he was going to save conservative journalism.
Wall Street Journal:
Will Obama Listen to Iran's Bloggers? — Barack Obama extended the olive branch to Iran's leaders last Friday in a videotaped message praising a “great civilization” for “accomplishments” that “have earned the respect of the United States and the world.” The death of Iranian blogger Omid-Reza Mirsayafi …
John / Power Line:
HOW WOULD HE PRONOUNCE “CASSIOPEIA”? — Everyone knows that Barack Obama is lost without his teleprompter, but his latest blunder, courtesy of the Milwaukee Journal Sentinel, via the Corner, suggests that the teleprompter may not be enough unless it includes phonetic spellings.
Myglesias / Matthew Yglesias:
Build Transit Where It's Most Needed: In the Core — Reps. Gerry Connolly and Jim Moran, both good transit folks from Northern Virginia, have introduced a bill to study Metro expansion. This is a good idea and a welcome development, exactly the sort of thing I was hoping would come from Connolly getting elected.
McClatchy Washington Bureau:
Congress isn't feeling much heat from Obama's ‘army’ — WASHINGTON — President Barack Obama's army of canvassers fanned out across the nation over the weekend to drum up support for his $3.55 trillion budget, but they had no noticeable impact on members of Congress, who on Monday said they were largely unaware of the effort.
George F. Will / Washington Post:
The Toxic Assets We Elected — With the braying of 328 yahoos — members of the House of Representatives who voted for retroactive and punitive use of the tax code to confiscate the legal earnings of a small, unpopular group — still reverberating, the Obama administration yesterday invited …
Paul Farhi / Washington Post:
Consider This: NPR Achieves Record Ratings — At a time when newspapers, magazines and TV news continue to lose readers and viewers, at least one part of the traditional media has continued to grow robustly: National Public Radio. — The audience for NPR's daily news programs, including …
Discussion:
NewsBusters.org
Andrew Ross Sorkin / New York Times:
If Goldman Returns Aid, Will Others? — Any good news these days — not that there is much — seems to come with an asterisk. The market is popping, but, as some bears ask, is it just a setup for another bigger fall? — So here's something else to ponder: Goldman Sachs is planning to give back its TARP money soon.
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