memeorandum: Be Careful Wishing for the Fed's End (Roger Lowenstein/New York Times)

4:00 PM ET, May 1, 2011

Top Items:

Helene C. Cooper / The Caucus:

Obama Zings Trump at White House Correspondents' Dinner — Joe Biden. Michele Bachmann. Tim Pawlenty. Donald Trump. — Many of President Obama's friends and foes alike got shellacked — as expected — on Saturday night when Mr. Obama took to the stage at the gussied …

Discussion: Left Coast Rebel, Little Green Footballs, Instapundit, The Impolitic, The Moderate Voice, Bark Bark Woof Woof, Sky Dancing and Connecting.the.Dots

Patrick Gavin / Reuters:

In his speech, Barack Obama trumps adversaries — On his way into the White House Correspondents' Dinner Saturday night, Donald Trump made a bold prediction: “I wouldn't think [Obama] would address me.” — That forecast held up for about 10 seconds. — Trump, who continues to boast …

Discussion: CNN, Ben Smith's Blog, theblogprof, Datechguy's Blog, Zandar Versus The Stupid, The Gateway Pundit, The Politico, No More Mister Nice Blog, Althouse, The Lonely Conservative and Taylor Marsh, more at Mediagazer »

Patrick Gavin / The Politico:

DONALD TRUMP: OBAMA WON'T JOKE ABOUT ME — ‘I was invited. By a lot of people,’ Trump tells the press. Photo by Jay Westcott/POLITICO — In what will surely go down as the night's worst prediction, Donald Trump said that he doubted that his name would come up during President Barack Obama's stand …

Discussion: Alan Colmes' Liberaland, New York Magazine, Raw Replay and Gawker

The Politico:

SETH MEYERS SKEWERS D.C. — “SNL” head writer Seth Meyers spared no one in his star turn at the White House Correspondents Dinner, pivoting from jokes about the oddball crop of 2012 presidential contenders to members of Congress to President Barack Obama. He mocked the White House …

Discussion: Left Coast Rebel, Don Surber and Poynter

Dylan Stableford / The Wrap:

Donald Trump Shows Up at White House Correspondents Dinner, Is Booed on Arrival — Donald Trump — star of NBC's [birther movement] “Celebrity Apprentice” — decided to show his hair, er, face at the White House Correspondents' Association Dinner on Saturday.

Discussion: FOK News Channel, NewsBusters.org and Crooks and Liars

Jada Yuan / New York Magazine:

Trump Reacts to Mockery From President Obama and Seth Myers: ‘Not the Greatest’ [Updated] — Trump grimaces at the White House Correspondents' Dinner. — Donald Trump is rarely at a loss for words, but the roasting he got from President Obama and Seth Myers at last night's White House …

Discussion: The Politico, The BRAD BLOG, Raw Replay and TPMDC

Lynn Sweet:
Obama zings Trump at White House Correspondents' Association dinner. Transcript

Discussion: Michelle Malkin, Gothamist and Doug Ross

The Politico:
WHITE HOUSE CORRESPONDENTS' DINNER 2011: SCENES FROM THE RED CARPET

Discussion: Firedoglake, The Note and The Reaction

Glenn Harlan Reynolds / Washington Examiner:

Sunday Reflection: When Jimmy Carter Is your best-case scenario, you're in trouble — People on the right have been comparing President Obama with Jimmy Carter for a while now: The rise from nowhere via inexplicable press adulation, the smarmy moralizing, the excessive faith in his own abilities …

Discussion: Pajamas Media, INSTAPUTZ and Power Line

Aljazeera:

Scepticism surrounds 'Gaddafi son's death' — Benghazi celebrates report of Gaddafi son's death in air strike, as UK and Italy condemn “attacks” on their embassies. — Libyans in the opposition stronghold of Benghazi have taken to the streets to celebrate the government's announcement …

Discussion: Yahoo! News Canada, Hot Air, Guardian and Booman Tribune

BBC:
Libya: ‘UN to quit Tripoli’ amid mob attacks

Discussion: Guardian, The Raw Story, DownWithTyranny! and Gothamist

BBC:
Nato strike ‘kills Saif al-Arab Gaddafi’, Libya says

Discussion: Alan Colmes' Liberaland, The Paratrooper Association, Emptywheel, Scared Monkeys, Mediaite, The Moderate Voice, TalkLeft, The Political Carnival and Gawker

Associated Press:
Gadhafi's youngest son killed but Libyan leader survives NATO missile strike, spokesman says

Discussion: PoliPundit.com, Patterico's Pontifications, Weasel Zippers and The Other McCain

New York Times:
Qaddafi Is Said to Survive NATO Airstrike That Kills Son

Discussion: Firedoglake, Wall Street Journal, Los Angeles Times, Taylor Marsh, Fox News, Pajamas Media, New York Magazine, Crooks and Liars, Outside the Beltway and Sky Dancing

CNN:
One of Gadhafi's sons killed in NATO airstrike, Libyan official says

Discussion: Washington Post and New York Magazine

Paul Caron / TaxProf Blog:

NY Times: Law Schools Award Merit Scholarships to Recruit Students (and Goose U.S. News Ranking), And Then Take Them Away With Rigid Grading Curves — New York Times, Law Students Lose the Grant Game as Schools Win: … (Hat Tip: Ann Murphy.) Professor Organ's paper is The Impact …

Discussion: The Volokh Conspiracy, Lawyers, Guns & Money, Overlawyered and Althouse

David Segal / New York Times:
Law Students Lose the Grant Game as Schools Win

Discussion: Don Surber and Above the Law

New York Times:

The High Cost of Low Teacher Salaries — WHEN we don't get the results we want in our military endeavors, we don't blame the soldiers. We don't say, “It's these lazy soldiers and their bloated benefits plans! That's why we haven't done better in Afghanistan!” No, if the results aren't there, we blame the planners.

Discussion: Prairie Weather and Daily Kos

Jamie Klatell / Ballot Box:

Rubio says no to a possible VP spot on the Republican ticket — Sen. Marco Rubio (R-Fla.) said Sunday that he is in no way interested in being the running mate of the eventual Republican presidential nominee. — “No, I'm not going to be on a ticket in 2012,” Rubio said on NBC's “Meet the Press.”

Discussion: The Politico and CNN

Alex Seitz-Wald / ThinkProgress:

Reagan Budget Director: ‘Absolutely’ Raise Taxes, Just Like Reagan Did — As Washington considers ways to rein in the deficit, Republicans have obstinately demanded that any tax revenue increases be taken off the table, claiming that raising taxes during a down economy would doom the recovery.

Discussion: Outside the Beltway