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3:55 PM ET, April 18, 2011

memeorandum

 Top Items: 
Wall Street Journal:
Where the Tax Money Is  —  Obama targets the middle class while pretending to tax only the rich.  —  A dominant theme of President Obama's budget speech last Wednesday was that our fiscal problems would vanish if only the wealthiest Americans were asked “to pay a little more.”
RELATED:
Ross Douthat / New York Times:
The Middle-Class Tax Trap  —  “Let's tell the truth,” Walter Mondale said, accepting the Democratic nomination in 1984.  “Mr. Reagan will raise taxes, and so will I. He won't tell you.  I just did.”  —  Three months later, Mondale lost 49 states, and liberal politicians learned a valuable lesson.
CEPR:
Douthat Makes It Up On Median Family Income  —  Ross Douthat struck another blow against fact-based arguments when he told readers that the median family of four has an income of $94,900.  Douthat warned that if the Bush tax cuts are allowed to expire in 24 years the median family would be paying …
The Politico:
What's Donald Trump really after?  —  Despite an almost universal refusal by Republican establishment figures and the press to take him seriously, Donald Trump is taking very concrete steps toward forming - and announcing - a presidential campaign.  —  He has interviewed at least two people …
RELATED:
Rasmussen Reports:
Obama 49%, Trump 34%  —  President Obama leads Donald Trump by 15 percentage points in a hypothetical 2012 match-up, but the president is unable to top the 50% level of support even against an opponent some are deriding as a joke.  —  The latest Rasmussen Reports national telephone survey finds …
CNBC:
S&P Affirms US AAA Rating, Cuts Outlook to Negative  —  Standard & Poor's on Monday downgraded the outlook for the United States to negative, saying it believes there's a risk U.S. policymakers may not reach agreement on how to address the country's long-term fiscal pressures.
RELATED:
washpost.bloomberg.com:
Standard & Poor's Puts ‘Negative’ Outlook on U.S. AAA  —  Standard & Poor's put a “negative” outlook on the long-term AAA credit rating of the U.S., citing a “material risk” the nation's leaders will fail to deal with rising budget deficits and debt.  —  “We believe there is a material risk …
Ben Rooney / CNNMoney.com:
U.S. credit rating outlook lowered by S&P
The Hill:
Stocks plunge after S&P shifts rating on US debt to negative
Discussion: New York Times and FrumForum
Paul Krugman / New York Times:
Let's Not Be Civil  —  Last week, President Obama offered a spirited defense of his party's values — in effect, of the legacy of the New Deal and the Great Society.  Immediately thereafter, as always happens when Democrats take a stand, the civility police came out in force.
RELATED:
William A. Jacobson / Le·gal In·sur·rec· tion:
It's Now Patriotic to Call Paul Krugman a !  @%$#%@ Hypocrite  —  For almost the entire two and one-half years I've been blogging I've had to put up with Paul Krugman accusing Republicans, conservatives and Tea Party supporters of inciting violence through heated rhetoric over policy differences, particularly Obamacare.
Matthew Boyle / The Daily Caller:
TheDC Exclusive: Conservatives hit Beck for taking content without attribution  —  A number of conservative activists and bloggers say they're furious at media magnate Glenn Beck for what they call content theft.  Over the past several years, Beck has relied on video, audio and written content …
First Read / msnbc.com:
First Thoughts: 2012's high stakes  —  The high stakes in the 2012 election... One word that summarizes the House GOP's first 100 days: bold... House Republicans head home to sell their votes for the Ryan budget plan... Obama hits the road this week to sell his own plan …
Discussion: Los Angeles Times
RELATED:
Lisa Lerer / Bloomberg:
Ryan Budget Plan Defended as Republicans Return Home to Voters
New York Times:
The New Republican Landscape  —  Six months after voters sent …
Discussion: POWIP, NewsBusters.org and Daily Kos
Christian Heinze / GOP 12:
Trump: Rove “devastated” by Romney's performance  —  On Fox & Friends this morning, Donald Trump fired back at Karl Rove for calling him a “joke candidate.” … Trump then offered another reason for Rove's comments. … Trump's assertion that Romney is doing poorly in the polls is hardly air-tight …
Discussion: The Page and FrumForum
Steve Benen / Washington Monthly:
GANG OF SIX ‘VERY CLOSE’ TO AN AGREEMENT, INTENDS TO ‘MAKE EVERYBODY MAD’.... Two months ago, Sen. Dick Durbin (D-Ill.), a member of the bipartisan “Gang of Six” deficit-reduction talks, said the group was “getting close” to striking a deal.  Two weeks ago, however, the negotiations …
Joe Gandelman / The Moderate Voice:
Relieve Pain by Swearing, Study Says  —  Hey, after all these years, I'm vindicated at last: … And, indeed, some of what we were taught in schools was wrong.  —  For instance, the story has it Patrick Henry said “Give me liberty or give me death.”  He really said: “Wear one of those dreadful Tory hats?
RELATED:
Steve Jones / Telegraph:
Swearing can help relieve pain, study claims
Jay Carney / White House.gov Blog:
President Obama and Vice President Biden's Tax Returns and Tax Receipts  —  Today, the President released his 2010 federal income and gift tax returns.  He and the First Lady filed their income tax return jointly and reported an adjusted gross income of $1,728,096.
Discussion: CNN, The Hill and The Page
Kyle Olson / Big Government:
AFSCME Union Threatens to ‘Weaponize’ Government Jobs  —  It's becoming clearer that the “public service” mentality is quickly slipping way from government employees, if it didn't hit the exits a long time ago.  —  Instead of government employees serving the public, it's clear now their belief is that the public exists to serve them.
Discussion: The Blaze
Daniel Strauss / The Hill:
Dem lawmaker warns GOP on debt-ceiling ploys  —  Standard & Poor's Rating Services newly released “negative” outlook on the U.S.'s long-term debt makes clear that lawmakers opposed to raising the debt ceiling without other reforms are “really playing with fire,” Rep. Sander Levin (D-Mich.) said Monday.
Discussion: The Hill and The Note
Arthur B. Laffer / Wall Street Journal:
The 30-Cent Tax Premium  —  Tax compliance employs more workers than Wal-Mart, UPS, McDonald's, IBM and Citigroup combined.  —  There is a lot more to taxes than simply paying the bill.  Taxpayers must spend significantly more than $1 in order to provide $1 of income-tax revenue to the federal government.
Patrick Poole / Pajamas Media:
(UPDATED) DOJ Source: Gov't Muslim ‘Outreach’ Jeopardized Active Terror Investigations  —  (UPDATE: Rep. Peter King demands answers following Poole's previous article on this topic.)  An explosive, must-read interview brings sunlight to our counterproductive “outreach” programs.
Timothy Devine / Newsweek:
Hey, Cancer: Go Stand in the Corner  —  NEWSWEEK's executive chairman received a dire diagnosis.  In his own words, here's how he faced it.  —  Sidney Harman at the Newsweek Office, 2010. … I have just learned that I have acute myeloid leukemia, or AML.
E.J. Dionne Jr / Washington Post:
E.J. Dionne Jr.  —  America's elites have a duty to the rest of us  —  The American ruling class is failing us — and itself.  —  At other moments in our history, the informal networks of the wealthy and powerful who often wield at least as much influence as our elected politicians accepted …
Lydia Saad / Gallup:
Americans Still Split About Whether Their Taxes Are Too High  —  Majority of wealthy Americans think their taxes are too high and unfair  —  PRINCETON, NJ — Half of Americans believe the amount they pay in federal income taxes is too high, while 43% consider it about right and 4% too low.
Reuters:
Al-Jazeera has fans in Obama W.H.  —  In the halls of American power, the Arab Spring has brought Al-Jazeera in from the cold.  —  Seven years after then-Defense Secretary Donald Rumsfeld called the broadcaster's reporting “vicious, inaccurate and inexcusable” and President George W. Bush joked …
Philip Rucker / Washington Post:
As debt ceiling vote nears, the pressure's on House Republican freshmen  —  They ran against debt.  They swore and swore again that they'd cut up the nation's credit card.  —  But now the 87 freshmen House Republicans are facing intense pressure from administration officials …
 
 
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 More Items: 
Daniel Strauss / The Hill:
Boehner asks Pelosi to join him in cutting funds from the DoJ to defend DOMA
Discussion: Ben Smith's Blog
Thom Shanker / New York Times:
Pentagon Inquiry Into Article Clears McChrystal and Aides
Discussion: The Raw Story
Michael O'Brien / The Hill:
McCain fears ‘stalemate’ in Libya
Discussion: FrumForum and The Page
Shane D'Aprile / Ballot Box:
Sen. Kohl reported no fundraising activity for the first quarter
Discussion: RedState
Max Boot / Wall Street Journal:
It's in America's Interest to Stay in Iraq
Pete Kasperowicz / The Hill:
‘$58,000 per second’: Member wants debt clock displayed in House chamber
Discussion: Michelle Malkin and Weasel Zippers
New York Times:
You Get the Judges You Pay For  —  LEGAL elites must come …
 Earlier Items: 
CNN:
Fires burn across Texas with no end in sight
New York Times:
Justice, Too Much and Too Expensive
Discussion: PointOfLaw Forum
John Fund / Wall Street Journal:
Wisconsin's Election Snafu Is a National Wake-Up Call
Discussion: Betsy's Page
Alexander Mooney / CNN:
Huntsman team plans South Carolina campaign
Discussion: MyDD and GOP 12
Jim Hoft / The Gateway Pundit:
Vandals Break In WI Office - Steal Fleebagger Recall Petitions Hours After It Was Announced …
 

 
From Mediagazer:

Robbie Whelan / Wall Street Journal:
Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023

Todd Spangler / Variety:
Disney plans to add an ESPN “tile” to Disney+ for US subscribers on December 4, giving users access to some free ESPN content

Wall Street Journal:
X names former Tubi CFO Mahmoud Reza Banki as its CFO; Trump pardoned Banki in January 2021 for making false statements; a source says he joined X in November

 
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