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12:50 PM ET, July 18, 2011

memeorandum

 Top Items: 
CBS News:
Poll: 71% shun GOP handling of debt crisis  —  CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.  —  Americans are unimpressed with their political leaders' handling of the debt ceiling crisis, with a new CBS News poll showing …
RELATED:
David Rogers / The Politico:
John Boehner, Eric Cantor met with Obama Sunday  —  President Barack Obama and the two top House Republican leaders held an unannounced meeting at the White House Sunday, trying to get debt talks back on track with just two weeks left before the threat of default.
Ross Douthat / New York Times:
The Republican Retreat  —  In the negotiations over the debt ceiling, the Republican Party had everything mapped out except the endgame.  —  For months, Republican leaders used all the tools at their disposal — the anti-spending intensity of their base, the White House's desire for a deal …
Steve Benen / Washington Monthly:
No one likes the GOP's reckless tactics  —  When it comes to public opinion and the debt-ceiling fight, Republicans assume that the public is with them, and voter support bolsters the GOP's refusals to negotiate.  —  The evidence to the contrary is overwhelming. … Got that?
Discussion: ThinkProgress and Balloon Juice
Ezra Klein / Washington Post:
Wonkbook: A three-part deal on the debt ceiling?  —  Senate Minority Leader Mitch McConnell listens to a question while addressing the media on the budget talks.  (Mark Wilson - GETTY IMAGES) We seem to be coming closer to a deal on the debt ceiling.  It begins with the McConnell plan …
Zachary A. Goldfarb / Washington Post:
Congress tees up crucial votes on debt limit  —  A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over 10 years gained momentum Sunday, as leaders agreed they would have to act in the next two weeks …
Julie Pace / Associated Press:
Debt Talks and Little Else on Washington's Agenda
Discussion: Hot Air and National Review
Wall Street Journal:
News and Its Critics  —  A tabloid's excesses don't tarnish thousands of other journalists.  —  When News Corp. and CEO Rupert Murdoch secured enough shares to buy Dow Jones & Co. four years ago, these columns welcomed our new owner and promised to stand by the same standards and principles we always had.
RELATED:
David Carr / New York Times:
Troubles That Money Can't Dispel  —  “Bury your mistakes,” Rupert Murdoch is fond of saying.  But some mistakes don't stay buried, no matter how much money you throw at them.  —  Time and again in the United States and elsewhere, Mr. Murdoch's News Corporation has used blunt force spending …
Doug Stanglin / USA Today:
Second top Scotland Yard official in 2 days resigns
Discussion: Financial Times and The Reaction
John Hawkins / Right Wing News:
The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere  —  Way, way back in 2001, when I got started in the blogosphere, the Right side of the blogosphere was bigger and more influential than the Left.  Why?  Well, in American politics, the energy tends to be with the party that's out of power.
Bill Roggio / The Long War Journal:
Video of a brutal Taliban execution of Pakistani policemen emerges  —  Warning, the video below is extremely graphic in nature.  If you choose to watch this video, you will see the Taliban brutally execute more than a dozen bound Pakistani policemen.  The Taliban then proceed to pump rounds into those who survived the initial firing.
Discussion: The Jawa Report
RELATED:
Salman Masood / New York Times:
Taliban Video Shows Execution of 16 Pakistanis
Discussion: FrumForum
Alexander Bolton / The Hill:
Coburn to unveil $9T deficit-reduction plan  —  Sen. Tom Coburn (R-Okla.) said Sunday the federal government can save $1 trillion though tax reform, a proposal that will put him at odds with some GOP colleagues.  —  Coburn plans to unveil a $9 trillion deficit-reduction package Monday …
Discussion: ThinkProgress and Hot Air
RELATED:
Bloomberg:
Coburn of Oklahoma to Offer $9 Trillion Budget-Cut Plan to Spur Debt Talks
Walter Brandimarte / Reuters:
Moody's suggests U.S. eliminates debt ceiling  —  * Says ceiling brings periodic uncertainty to bond holders  —  * Suggests example of Chile in curbing debt  —  Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
Discussion: CNN
RELATED:
Jennifer Epstein / The Politico:
Moody's: Abolish the debt limit
Discussion: FrumForum
Baird Helgeson / Minneapolis Star Tribune:
Chance for quick budget deal fades  —  Timing of special session is in doubt as GOP legislative leaders try to line up enough votes to end state shutdown.  —  Four days after the announcement of a budget deal, fresh signs emerged Sunday that the agreement is not coming together as first hoped …
Discussion: TPMDC and Politics
RELATED:
Reid J. Epstein / The Politico:
Minnesota shutdown drags on
Elizabeth Warren / The Huffington Post:
A Big Week for the New Consumer Agency  —  This is a big week for the Consumer Financial Protection Bureau (CFPB).  Today, the President will announce his intent to nominate Richard Cordray to serve as the first Director of the Consumer Financial Protection Bureau.
Michael J. Boskin / Wall Street Journal:
Get Ready for a 70% Marginal Tax Rate  —  Some argue the U.S. economy can bear higher pre-Reagan tax rates.  But those rates applied to a much smaller fraction of taxpayers than what we're headed for without spending cuts.  —  President Obama has been using the debt-ceiling debate …
CEPR:
Robert Samuelson Wants Us to Follow the Example of a Country With 7 Years of Double-Digit Unemployment  —  Yes, I am serious.  In his column today Samuelson holds up Latvia as the model for the United States to follow.  The unemployment rate in Latvia is currently close to 20 percent.
Discussion: Paul Krugman
Gallup:
Gallup Finds Unemployment at 8.9% in Mid-July  —  Underemployment remains at 18.3% — the same as in June 2011 and mid-July 2010  —  PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, is at 8.9% in the middle of July — up from 8.7% at the end of June.
The Note:
How Much Longer Can Obama Defy Political Gravity?  —  ANALYSIS By AMY WALTER (@amyewalter): Although President Obama's job approval rating of 48 percent (according to Pollster.com average) isn't exactly stellar, it is remarkably high given the level of economic pessimism and despair among American electorate.
Discussion: Ben Smith's Blog and TPMDC
Paul Krugman / New York Times:
Letting Bankers Walk  —  Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers.  —  This principle was on display during the final months of the Bush administration …
 
 
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 More Items: 
Gschwarzcnn / CNN:
Conservative ads hit Dems over ‘reckless spending and debt’
Jennifer Jacobs / Iowa Caucuses:
Straw poll is anyone's game
Discussion: GOP 12
Adam Serwer:
You Can't Talk About Race In DC Without Talking About Unemployment
Binyamin Appelbaum / New York Times:
Politicians Can't Agree on Debt? Well, Neither Can Economists
Discussion: JustOneMinute and The Caucus
Des Moines Register:
Boswell ‘doing well’ after scuffle with armed intruder
Discussion: Ballot Box and Hotline On Call
New York Times:
Not Befitting a Democracy  —  Israel's reputation as a vibrant …
Discussion: Jerusalem Post and Israel Matzav
 Earlier Items: 
Jeremy Herb / Minneapolis Star Tribune:
Cravaack's family moving to New Hampshire
Dan Chung / Newsweek:
How We Broke the Murdoch Scandal
Carol J. Williams / Los Angeles Times:
U.S. Supreme Court again rejects most decisions by the U.S. 9th Circuit Court of Appeals
Discussion: SCOTUSblog and Betsy's Page
Dan Eggen / Washington Post:
2012 presidential race: Expense reports give peek at candidates' priorities, styles
Byron York / Washington Examiner:
BELTWAY CONFIDENTIAL  —  Author who debunked Obama insurance tale doesn't want to talk