memeorandum: The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers (nber.org)

10:40 AM ET, September 25, 2010

Top Items:

Fox Apoplectic Over Colbert Testimony: Megyn Kelly Demands Apology, Rep. Steve King Calls Him A Liar — This afternoon, Fox News host Megyn Kelly invited Rep. Steve King (R-IA) to discuss Stephen Colbert's testimony on Capitol Hill today about migrant labor conditions.

Discussion: Balloon Juice, The Mahablog, Gawker, Crooks and Liars, Wonk Room and CNN

Patrick Gavin / The Politico:

COLBERT ‘MADE MOCKERY’ OF CONGRESS — Despite the fact that countless Washington reporters couldn't help but watch Stephen Colbert's Capitol Hill testimony Friday, not all were enthralled by the Comedy Central star's performance, as they expressed on Twitter. — “REALLY not sure this is funny,” wrote ABC News' Rick Klein.

Discussion: JustOneMinute, Left Coast Rebel, The Blaze, Rough Sketch, NO QUARTER, Pajamas Media, msnbc.com, 24Ahead, Gawker, CNN, Speakeasy and Reuters

Jonathan Allen / The Politico:
Colbert knocks Dems off message

Discussion: Washington Wire, The Daily Caller, Hullabaloo, Commentary and CNN

Aaron Blake / The Fix:
Daily Fix Poll: What did you think of Stephen Colbert's testimony?

Discussion: The Huffington Post, Raw Story and Crooks and Liars

Byron York / Beltway Confidential:
Colbert embarrasses Dems; Conyers asks comedian to leave

Discussion: Wake up America, Pundit & Pundette, Pajamas Media, Fausta's Blog, freerepublic.com, Michelle Malkin, Flopping Aces, Instapundit, Riehl World View, American Power, Weekly Standard, The Hill, NewsBusters.org, Boston Globe and Gateway Pundit

Melissa Bell / BlogPost:
Stephen Colbert's testimony before Congress (Text)

Discussion: New York Magazine, Washington Post, Indecision Forever and Shakesville

Ashley Parker / The Caucus:
The Whole Truthiness and Nothing But

Discussion: The Nation, New York Times, culturekitchen, Online NewsHour, TBD All News, The Moderate Voice and Towleroad News #gay

Mike Lillis / The Hill:

Obama slams GOP ‘Pledge’ as giveaway to millionaires, Wall Street — With five weeks remaining before November's midterms, President Obama is slamming the Republicans' legislative agenda as a gift to the wealthy at the expense of the middle class. — The GOP's “Pledge to America,” …

Discussion: The Politico and Prairie Weather

Jon Ward / The Daily Caller:
Conservatives Denounce GOP ‘Pledge’ As Sellout, Inside Job

Discussion: Alan Colmes' Liberaland, National Review, Politics Daily, FrumForum and Hullabaloo

Dan Balz / Washington Post:
From ‘party of no’ to ‘party of stop’?

Discussion: Firedoglake

Shane D'Aprile / Ballot Box:
Pelosi meets GOP foe at D.C. watering hole

Discussion: The Politico and CNN

Stephen F. Hayes / Weekly Standard:

Dakota Dreaming — The presidential hopes of John Thune. — John Thune leaned forward, peered out of the small window in the 9-seat King Air 200, extended his index finger, and smiled. — “That's the Murdo airport right there.” — We'd been flying over the plains of the senator's home state …

Discussion: Ben Smith's Blog and Outside the Beltway

Faiz Shakir / Think Progress:

Bill Maher's New Clip Of O'Donnell: 'Why Aren't Monkeys Still Evolving Into Humans?' — For the second week in a row, HBO's Real Time host Bill Maher revealed a previously-unaired clip of Christine O'Donnell on Politically Incorrect. Recall, last week Maher showed a clip of O'Donnell professing …

Discussion: Washington Monthly, TPMDC, Climate Progress, Outside the Beltway, Informed Comment and Alan Colmes' Liberaland

Alex Isenstadt / The Politico:

Dick Morris returns in new role — Dick Morris, the former Bill Clinton consultant-and-confidant-turned- conservative-commentator, is trying on a new hat: Republican campaign surrogate. — Over the long arc of a career that has twice landed him on the cover of Time magazine …

Minneapolis Star Tribune:

FBI raids homes of several Twin Cities war protesters — Search warrants were executed on six addresses in Minneapolis and at two addresses in Chicago. — The homes of five Twin Cities activists, including three prominent leaders of the Twin Cities antiwar movement, were raided Friday …

Discussion: Verum Serum and Power Line

Steve Karnowski / Associated Press:
FBI serves terror warrants in Minn., Ill.

Discussion: Weasel Zippers, Atlas Shrugs and The Jawa Report

Greg Sargent / The Plum Line:

VIDEO of Christine O'Donnell: I'm going to stop the whole country from having sex — A Democratic source unearths video of Christine O'Donnell in 2003, answering clearly and unequivocally in the affirmative when asked: “You're going to stop the whole country from having sex?”

Discussion: TPMDC, Liberal Values, The Reaction, Mediaite, Alan Colmes' Liberaland, The Note, The Other McCain, Left Coast Rebel, Washington Monthly, The Huffington Post, The Moderate Voice, Salon and Riehl World View

Economist:

The perils of constitution-worship — One of the guiding principles of the tea-party movement is based on a myth — WOULDN'T it be splendid if the solutions to America's problems could be written down in a slim book no bigger than a passport that you could slip into your breast pocket?

Discussion: Lexington's notebook, Ezra Klein, The New Republic, FrumForum, Newshoggers.com and FP Passport

Ron Chernow / New York Times:
The Founding Fathers Versus the Tea Party

Discussion: National Review, Hot Air and bjkeefe

Ben Smith / Ben Smith's Blog:

Dole for O'Donnell — An endorsement from a symbol of bygone centrist Republicanism, Bob Dole: — Christine O'Donnell's message resonated with the voters, and to the surprise of many she defeated Congressman Mike Castle, who many of us thought would win.

Discussion: Hot Air, Weasel Zippers, The Daily Caller, Conservatives4Palin.com, National Review and The Other McCain

Paul Krugman:

Structural Failure — An important new report from EPI on why you shouldn't believe the hype about structural unemployment. — Why is this so important? Claims that there has been a huge jump in structural unemployment — that is, unemployment that can't be cured by increasing aggregate demand …

Discussion: Free exchange

nber.org:

The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers — NBER Working Paper No. 16380 … You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery. — Information about Free Papers — You should expect a free download …

Discussion: Paul Krugman

Wall Street Journal:

U.S. Bails Out Major Credit Unions — Two years after the peak of the financial crisis, the federal government swooped in to stabilize a crucial part of the credit-union sector battered by losses on subprime mortgages. — Regulators announced Friday a rescue of the nation's wholesale credit unions …

Discussion: Felix Salmon, Reuters, Politics Daily and Calculated Risk

Los Angeles Times:

Snuff out pot measure — Proposition 19 is poorly thought out, badly crafted and replete with loopholes and contradictions. — Marijuana is the most popular illegal drug in the United States. Seventy years of criminal prohibition, “Just Say No” sloganeering and a federal drug war …

Discussion: Unqualified Offerings and American Power

Andrew Breitbart / Big Government:

Which Malik Shabazz Visited White House in July 2009, Mr. President? — In May 2009, the Obama/Holder Justice Department dropped charges in a voter intimidation case against Malik Shabazz, a leader of the New Black Panther Party, despite having already won a summary judgment against him …