Top Items:
The Politico:
Why President Obama loses by winning — The imminent passage of financial reform, just a couple months after the passage of comprehensive health care, should decisively end the narrative that President Obama represents a Jimmy Carter-style case of naïve hope crushed by the inability to master Washington.
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Greg Sargent / The Plum Line:
Politico's theory: Liberal bloggers don't care if Dems sustain large losses this fall — I'm probably a sucker for biting on this attack on the liberal blogosphere from Poiltico top-dog editors John Harris and Jim VandeHei, but this is so divorced from reality that it really shouldn't go unanswered:
Discussion:
The Daily Dish, Balloon Juice, Left in the West, The Agonist, Washington Monthly and Eschaton
Jia Lynn Yang / Washington Post:
Companies pile up cash but remain hesitant to add jobs — Corporate America is hoarding a massive pile of cash. It just doesn't want to spend it hiring anyone. — Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession.
Paul Kane / Washington Post:
House Democrats hit boiling point over perceived lack of White House support
House Democrats hit boiling point over perceived lack of White House support
Discussion:
Townhall.com, Hotline On Call, TPMDC, The Caucus, Politics Daily, The Plum Line, Weekly Standard, Beltway Confidential, Commentary, TalkLeft and Riehl World View
David M. Herszenhorn / New York Times:
Congress Sends Financial Overhaul Bill to Obama — WASHINGTON — Congress on Thursday gave final approval to an overhaul of the nation's financial regulatory system, intended to address the causes of the 2008 economic crisis and rewrite the rules for a more complex — and mistrustful — era on Wall Street.
Discussion:
DealBook, Politics Daily, ABCNEWS, The Corner on National …, Hit & Run, Indecision Forever, The New Republic, Truthdig and Cato @ Liberty
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Brian Beutler / TPMDC:
Boehner: Wall Street Reform Should Be Repealed — They're not campaigning on it in earnest — at least not yet — but Republican leaders say that, given the power, they would like to do away with Wall Street reform much like they have already discussed repealing health care reform.
Wall Street Journal:
Law Remakes U.S. Financial Landscape — Senate Passes Overhaul That Will Touch Most Americans; Bankers Gird for Fight Over Fine Print — Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Sen. Christopher Dodd smile during a news conference on Capitol Hill.
Discussion:
Washington Post, The Atlantic Online, msnbc.com, CFR.org, Gothamist, Cafe Hayek and Fausta's Blog
Sen. Ted Kaufman / The Huffington Post:
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
The Wall Street Reform Bill: How Much Did We Lose Getting to 60?
Steve Benen / Washington Monthly:
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
THAT WAS QUICK.... A couple of hours ago, the Senate was able …
Discussion:
TPMDC
Washington Post:
Oil leak stopped for first time since April — BP said Thursday that it has stopped oil from leaking out of its blown-out well in the Gulf of Mexico. The gusher has been throttled for the first time since the April 20 blowout on the drilling rig Deepwater Horizon.
Discussion:
Christian Science Monitor, Washington Monthly, The New Republic, The Fix, Taylor Marsh, NO QUARTER, TigerHawk and Boing Boing
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Henry Fountain / New York Times:
BP Says Cap Is Repaired and Cutoff Test Can Proceed
BP Says Cap Is Repaired and Cutoff Test Can Proceed
Discussion:
Politics Daily, Dot Earth, Daily Kos, Raw Story, Climate Progress, Ecocentric and The Page
Jreid / The Reid Report:
“Tea partier” Mark Williams writes ‘letter to Abe Lincoln’ ... from the ‘coloreds’ — If you're feeling pissy that the NAACP condemned your witch doctor signage and you're out to prove that your movement isn't racist, wouldn't it help not to actually say anything that might be construed as racist?
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Mark Williams / MarkTalk.com News & Commentary:
NAACP Resolution: Colored People change minds about emancipation — Astonishing. — In every one of the dozens of interviews that I have done regarding the anti-Tea Party resolution passed by the NAACP I have brought up the absurdity of a group that calls blacks “Colored People” hurling charges of racism.
Discussion:
Crooks and Liars, The Reid Report, TPMDC, Hullabaloo, Riehl World View, Balloon Juice, The Moderate Voice and DownWithTyranny!
Conservative Generation / Left Coast Rebel:
(Bumped) Think Progress proves the Tea Party is not racist …
(Bumped) Think Progress proves the Tea Party is not racist …
DealBook:
Goldman Settles With S.E.C. for $550 Million — Updated Updated with confirmation of The New York Times's report about Goldman's $550 million settlement. — Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm …
Discussion:
New York Magazine, Fortune, Felix Salmon, Gawker, naked capitalism, Donklephant, The Page and TigerHawk
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U.S. Securities and Exchange Commission:
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges Related to Subprime Mortgage CDO — Firm Acknowledges CDO Marketing Materials Were Incomplete and Should Have Revealed Paulson's Role — FOR IMMEDIATE RELEASE — 2010-123 — Washington, D.C., July 15, 2010 …
Discussion:
The Atlantic Online, Fortune, DealBook, The Washington Independent and New York Magazine
Patrick Gavin / The Politico:
CARLSON LAUNCHES OLBERMANN SITE — You may (or may not) have noticed that there's been a bit of a feud taking place between MSNBC's Keith Olbermann and the Daily Caller, the website run by (former MSNBC'r) Tucker Carlson. — The Caller — via its Twitter account, especially …
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The Daily Caller:
The Daily Caller acquires KeithOlbermann.com — The Daily Caller, one of the fastest-growing online media properties, announced today its acquisition of KeithOlbermann.com, expanding the company's global reach into a new segment of the online political market.
Discussion:
Yahoo! News, Domain Name Wire, Mediaite, Hot Air, New York Magazine, Moonbattery and NewsBusters.org, more at Mediagazer »
Tom Jensen / Public Policy Polling:
Pretty Bad 2012 numbers for Obama — With his approval numbers hitting new lows it's no surprise that Barack Obama's numbers in our monthly look ahead to the 2012 Presidential race are their worst ever this month. He trails Mitt Romney 46-43, Mike Huckabee 47-45, Newt Gingrich 46-45, and is even tied with Sarah Palin at 46.
Discussion:
Hot Air, National Review, Taegan Goddard's …, The New Republic, Weekly Standard, FrumForum and GayPatriot
David W. Dunlap / City Room:
18th-Century Ship Found at Trade Center Site — In the middle of tomorrow, a great ribbed ghost has emerged from a distant yesterday. — On Tuesday morning, workers excavating the site of the underground vehicle security center for the future World Trade Center hit a row of sturdy …
Bbtv / Breitbart.tv:
Breitbart to NAACP Chief: ‘Go to Hell!’ — “Let me say something a tad newsworthy to the president of the NAACP. You can go to hell. ... I have tapes...tape of racism and it's an NAACP dinner. You want to play with fire? I have evidence of racism and it's coming from the NAACP.”
Alexander Bolton / The Hill:
Byrd's successor to take oath Tuesday — The Senate will swear in the successor to the late Sen. Robert Byrd (D-W.Va.) at 2:15 pm next Tuesday, even though the identity of the new senator remains unknown. — Senate Majority Leader Harry Reid (D-Nev.) told colleagues Thursday that Democrats …
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Associated Press:
SC minor league team making Alvin Greene figures — Alvin Greene action figures are here - thanks to a South Carolina minor league baseball team. — The Charleston RiverDogs will give out statues of the Democratic U.S. Senate candidate at Saturday's game.
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Doug Richards / WXIA-TV:
Handel: Gay parents “not in the best interest of the child” — Former Secretary of State Karen Handel wrote what she calls a “sponsorship” check to a gay Republican organization called Log Cabin Republicans. She was running for Fulton County Commission chairman at the time.
Wall Street Journal:
Three Million Imaginary Jobs — The White House says the stimulus worked beyond even its hopes. Seriously. — It may be that the last people in America who believe that the $862 billion economic stimulus of February 2009 created millions of net new jobs are Vice President Joe Biden and the staff economists in the White House.
New York Times:
The Google Algorithm — Google handles nearly two-thirds of Internet search queries worldwide. Analysts reckon that most Web sites rely on the search engine for half of their traffic. When Google engineers tweak its supersecret algorithm — as they do hundreds of times a year …
Karl Rove / Wall Street Journal:
My Biggest Mistake in the White House — Failing to refute charges that Bush lied us into war has hurt our country. — Seven years ago today, in a speech on the Iraq war, Sen. Ted Kennedy fired the first shot in an all-out assault on President George W. Bush's integrity.
John F. Burns / New York Times:
BP Faces Scrutiny in Lockerbie Case — LONDON — The oil giant BP faced a new furor on Thursday as it confirmed that it had lobbied the British government to conclude a prisoner-transfer agreement that the Libyan government wanted to secure the release of the only person ever convicted …
Myglesias / Matthew Yglesias:
The Underrated FinReg Bill — The Dodd/Frank financial regulation bill that passed the U.S. Senate today isn't the greatest piece of legislation in human history, but with eighty percent of Americans saying they have little or no confidence in the bill I think it's fair to say that these measures have become substantially underrated.
John Hooper / Guardian:
Vatican: female ordination a crime — Revised Catholic rules put female ordination in same category of crime under church law as clerical sex abuse of minors — The Vatican today made the “attempted ordination” of women one of the gravest crimes under church law, putting it in the same category …
New York Times:
Fund-Raising Before House Vote Draws Scrutiny — WASHINGTON — Lawmakers take contributions every day from corporate executives and lobbyists hoping for their votes. The question of whether that represents business as usual in Washington or an ethics breach is at the heart …
Dean Baker / TPMCafe:
Erskine Bowles and the Price of Ignorance: $335,000 a Year — Erskine Bowles is one of the co-chairman of President Obama's deficit commission. He gained notoriety recently by revealing the fact that he had no clue as to the size of the country's deficit problem even after engaging …
Discussion:
American Power