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One Nation, Two Deficits — The nation faces a nasty dual deficit problem: a painful jobs deficit in the near term and an unsustainable budget deficit over the medium and long term. This month, the Senate will be debating an issue with significant implications for both …
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The Atlantic Online, Crooks and Liars, The New Republic, TPMDC, The Huffington Post, The Washington Independent, The Hill, Democracy in America, The American Conservative, Free exchange, Capital Gains and Games blogs, A plain blog about politics, Balloon Juice, Politics Daily, The Foundry, CNN, Hot Air, Talking Points Memo, The New Ledger, The Other McCain, Gawker, Firedoglake, Grasping Reality …, Weekly Standard, Questions and Observations, Political Punch, TalkLeft, Think Progress, Ben Smith's Blog, James Pethokoukis, Ezra Klein, Commentary and FrumForum
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Obama Will Not Extend Bush-Era Tax Cuts to Wealthy — WASHINGTON — President Obama on Wednesday will rule out any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package …


The Obama Economy — How trillions in fiscal and monetary …
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The New Republic, Paul Krugman, Matthew Yglesias, Neptunus Lex, Free exchange, Commentary and Betsy's Page

Why Obama Is Proposing Whopping Corporate Tax Cuts, and Why He's Wrong
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tax.com, The Confluence, Wonk Room, iOwnTheWorld.com, Firedoglake, Alan Colmes' Liberaland and TalkLeft

Bush Tax Cuts: White House Rejects New Orszag Proposal
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The Atlantic Online and The Hill


Daley won't run for re-election: ‘I have done my best’ — Mayor Richard Daley, with his wife and members of his family, speaks at a City Hall press conference to announce that he will not run for re-election in 2011. (Antonio Dickey / Mayor's Press Office) | MORE PHOTOS
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CNN, Hot Air, Advocate, Top of the Ticket, AMERICAblog News and Salon
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Chicago Mayor Richard M. Daley to retire, speculation swirls around Rahm Emanuel candidacy — Chicago Mayor Richard M. Daley's surprise announcement today that he would not seek a seventh term in 2011 immediately set off speculation that White House chief of staff Rahm Emanuel would enter the race.
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WBBM-TV, The Atlantic Online, Ben Smith's Blog, Wonkette and Beltway Confidential

Progressive group: Rahm a ‘cancer on the Democratic Party’
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Weasel Zippers

Parties Tied at 46% in Generic Ballot — Latest weekly update shows more competitive contest — PRINCETON, NJ — Republicans and Democrats are tied at 46% among registered voters in Gallup's weekly tracking of congressional voting preferences, marking a shift after five consecutive weeks in which the Republicans held the advantage.

Fidel to Ahmadinejad: ‘Stop Slandering the Jews’ — (This is Part I of a report on my recent visit to Havana. I hope to post Part II tomorrow. And I also hope to be publishing a more comprehensive article about this subject in a forthcoming print edition of The Atlantic.)
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RealClearWorld, FrumForum, Political Byline, No More Mister Nice Blog, Gawker and Pajamas Media
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Castro: I Was Wrong During Cuban Missile Crisis — Jeffrey Goldberg's online account just now of his recent visit with Fidel Castro, in Havana, is fascinating in many ways. But the part that got my attention comes at the end, when Castro expresses his fear that an Iranian/Israeli/US showdown could get out of control.
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Ben Smith's Blog

AP Exclusive: Murkowski says she's not a quitter — JUNEAU, Alaska — A week after conceding the GOP primary, U.S. Sen. Lisa Murkowski says she's not a quitter and is “still in this game.” — Murkowski told The Associated Press on Tuesday that she's been inundated with calls and e-mails from supporters …
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Libertarians: Murkowski still asking
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The Other McCain, Hot Air, Real Clear Politics, Outside the Beltway and The Atlantic Online

Obama Left Largely Helpless As Judicial Vacancies Reach Crisis — What's Your Reaction: … The Obama administration is aware of the growing alarm over its inability to fill long-standing judicial vacancies. White House officials frequently voice displeasure with the pace …
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The Moderate Voice and Think Progress
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Desert Firestorm: The Nevada Senate Race Heats Up
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CNN, The Plum Line, The Note, Hullabaloo and TPMDC

Harry Reid: ‘I Had Nothing to Do’ …
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The Hill, Liberty Pundits Blog, CNN and Politics Daily

The Mind of America — A new Washington Post poll is out. Selected questions are shown below. Summary: Americans trust Democrats more to handle the country's problems, they think Democrats represent their values better, they think Democrats are more concerned with the needs of people like them …
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New polls point to tsunami
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CNN, JOSHUAPUNDIT, Hot Air, Time, The Democratic Daily, Washington Post, FoxNews.com, FrumForum, Hugh Hewitt's TownHall Blog and The Huffington Post


State Gains Would Give Redistricting Edge to G.O.P. — The midterm elections are being closely watched for the answer to a high-stakes question: Will Republicans have a majority in Congress for the next two years? But it is the outcome of a lower-profile battle over state legislatures …
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The Politico, cn|2 Politics, The Blaze and FrumForum
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Democrats Aren't Running From Health Care. But What Are They Running On? — It's clear that Republican candidates for Congress expect to gain traction from the health care bill that Democrats passed this year, and that most polls show at least a plurality of the country remains opposed to.
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Pam's House Blend, Advocate, Shakesville, Beltway Confidential, The Washington Independent and CNN

KY-Sen: Rand Paul staffer caught posing as progressive at Daily Kos — As you probably know, there's a moneybomb underway to raise money for Kentucky Attorney General Jack Conway's campaign challenging Rand Paul for U.S. Senate. — Well, it turns out that at least one member …


Rome is Burning — There is a critical point that I fear the commentariat is just not getting. In my darker moments I fear that some of my fellow economists aren't getting it either but we aren't going to go there. — Look at these two graphs because they tell you the fundamental problem in America today:
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The Moderate Voice, Balloon Juice and Eschaton


The United States of Inequality — In 1915, a statistician at the University of Wisconsin named Willford I. King published The Wealth and Income of the People of the United States, the most comprehensive study of its kind to date. The United States was displacing Great Britain …
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Guardian, Hullabaloo and Zandar Versus The Stupid


Florida pastor weighs plan to burn Quran — Feeling passionate about this story? Put your thoughts on video and share them with CNN iReport. — (CNN) — A Florida pastor told CNN on Tuesday that while his congregation still plans to burn Qurans to protest the September 11, 2001 …
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Associated Press, Washington Post, Gawker, TalkLeft, The Hill, PostPartisan, The Daily Caller, Pam's House Blend, Wall Street Journal and ABCNEWS
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NATO chief: Please don't burn the Quran in Florida
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CNN, Jihad Watch, This ain't Hell …, ATTACKERMAN and TPMMuckraker

The Slump Goes On: Why? — Paul Krugman and Robin Wells — Fault Lines: How Hidden Fractures Still Threaten the World Economy — Princeton University Press, 260 pp., $26.95 — Crisis Economics: A Crash Course in the Future of Finance — by Nouriel Roubini and Stephen Mihm Penguin, 353 pp., $27.95
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Firedoglake and Economist's View
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Lehman's Last Hours
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The Atlantic Online, The Big Picture and naked capitalism

Building on Faith — AS my flight approached America last weekend, my mind circled back to the furor that has broken out over plans to build Cordoba House, a community center in Lower Manhattan.I have been away from home for two months, speaking abroad about cooperation among people from different religions.
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CNN


Scrubbing Santorum — Why Rick “Man on Dog” Santorum can't beat his Google problem. — Post Comment — Rick Santorum would very much like to be president. For the past few years, he has been diligently appearing at the sorts of conservative events—the Values Voters Summit …
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Pam's House Blend, GOP 12 and Blue Gal


Obama channels Hendrix on critics: ‘They talk about me like a dog’ — Has President Obama been listening to a lot of Jimi Hendrix lately? With just under two months to go before Election Day, Obama kicked off the fall campaign season Monday with an aggressive speech targeting Republicans.
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Hot Air, Weasel Zippers, Power Line, Politics Daily and Little Green Footballs