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10:20 AM ET, July 26, 2011

memeorandum

 Top Items: 
New York Times:
The Republican Wreckage  —  House Republicans have lost sight of the country's welfare.  It's hard to conclude anything else from their latest actions, including the House speaker's dismissal of President Obama's plea for compromise Monday night.  They have largely succeeded in their campaign …
RELATED:
The Hill:
Conservatives denounce Boehner plan  —  The chairman of the conservative Republican Study Committee wasted little time announcing his opposition to the House GOP leadership's two-step plan to raise the debt ceiling.  —  Rep. Jim Jordan (R-Ohio), who stood — visibly uncomfortable …
The White House:
Address by the President to the Nation  —  THE PRESIDENT: Good evening.  Tonight, I want to talk about the debate we've been having in Washington over the national debt — a debate that directly affects the lives of all Americans.  —  For the last decade, we've spent more money than we take in.
David Espo / Business Week:
Challenging Obama, House GOP unveils new debt bill  —  WASHINGTON  —  In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a threatened Aug. 2 government default — but along lines the White House has already dismissed.  U.S. financial markets shrugged off the uncertainty.
Discussion: The Agonist
David Brooks / New York Times:
Congress In the Lead  —  Some of us like to think big.  We thought at the beginning of this debt crisis that it might be possible to reach a Grand Bargain.  This deal would make a serious dent in the country's awful debt problem.  It would begin to reform entitlements.
David Beard / NationalJournal.com:
Congressional Websites Crash After Obama Urges People to Reach Out on Debt Ceiling
Byron York / Washington Examiner:   Conservatives bridle at trillions in ‘phony’ cuts
New York Times:
Showdown Nears on Debt as Obama Warns of ‘Crisis’
Washington Post:
The Senate's gimmicky debt plan: The best of a bad choice
The Politico:   Speaker Boehner's remarks, as prepared for delivery
Jennifer Bendery / The Huffington Post:
Tea Party Coalition Rejects Boehner's Debt Proposal (UPDATE)
Andrew Malcolm / Top of the Ticket:
New polls confirm Obama's Democratic base crumbles  —  With all of the spotlights on the high-stakes debt maneuverings by President Obama and Speaker John Boehner the last few days, few people noticed what Vermont's Sen. Bernie Sanders said:  —  “I think it would be a good idea if President Obama faced some primary opposition.”
RELATED:
Ylan Q. Mui / Washington Post:
More Americans unhappy with Obama on economy, jobs  —  More than a third of Americans now believe that President Obama's policies are hurting the economy, and confidence in his ability to create jobs is sharply eroding among his base, according to a new Washington Post-ABC News poll.
Katherine Burton / Bloomberg:
Soros to End Hedge-Fund Career, Return Money  —  George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.
PewResearch.org:
Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics  —  Twenty-to-One  —  By Rakesh Kochhar, Richard Fry and Paul Taylor, Pew Research Center's Social & Demographic Trends  —  The median wealth of white households is 20 times that of black households and 18 times …
RELATED:
Sabrina Tavernise / New York Times:
Recession Study Finds Hispanics Hit the Hardest
Jim Hoft / The Gateway Pundit:
Krauthammer on Obama's Address: “I Thought I Was Cynical Until I Heard That Speech” (Video)  —  Charles Krauthammer unloaded on Obama tonight after his stale poll-driven speech to the nation.  Obama still has no plan.  —  “I thought I was cynical until I heard that speech.  It was purely partisan.
Catherine Rampell / New York Times:
The Help-Wanted Sign Comes With a Frustrating Asterisk  —  The unemployed need not apply.  —  That is the message being broadcast by many of the nation's employers, making it even more difficult for 14 million jobless Americans to get back to work.  —  A recent review of job vacancy postings …
Discussion: Economix and Balloon Juice
WQAD-TV:
Bachmann walks away from WQAD  —  Davenport, Iowa— Michele Bachmann made a visit to the Quad Cities last night to speak with supporters and give interviews to the local television media, that is, with one exception.  Despite promises to WQAD for a one-on-one interview the Congresswoman's managers openly …
Andrew Restuccia / The Hill:
OVERNIGHT ENERGY: Fight over Keystone XL to reach House floor  —  Tuesday's Big Story: House lawmakers are expected to vote Tuesday on legislation that would force President Obama to make a decision in the coming months on whether to approve a controversial oil pipeline project.
Michael O'Brien / The Hill:
Durbin: GOP presidential candidates 'don't understand reality'  —  The Senate's second-ranking Democrat on Tuesday accused GOP presidential candidates of holding a poor grasp on reality when it comes to their positions on raising the debt limit.  —  Senate Majority Whip Dick Durbin (D-Ill.) …
William Kristol / Weekly Standard:
Baby Talk  —  I was struck by these sentences in President Obama's speech: … Consider the condescension implicit in the president's statement—"a term that most people outside of Washington have probably never heard of before."  These “people outside of Washington” are not little children …
Discussion: theblogprof and Don Surber
Telegraph:
Norway killer Anders Behring Breivik had extensive links to English Defence League  —  Anders Behring Breivik had extensive links to the far-Right English Defence League, senior members of the group have admitted.  —  Anders Behring Breivik leaves court on Monday
 
 
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 More Items: 
Michael O'Brien / The Hill:
Bachmann skips 40 percent of votes since launching bid
Discussion: msnbc.com, GOP 12 and The Politico
Annie Sweeney / Chicago Tribune:
Blagojevich asks for new trial, cites judicial bias
Discussion: The Politico and The BLT
Mark J. Perry / The Enterprise Blog:
Chart of the Day: The Higher Education Bubble
Michael O'Brien / The Hill:
Gingrich regrets 2008 climate ad with Pelosi
Discussion: Weasel Zippers
Wall Street Journal:
Downgrade Threat Looms
Craig Kanalley / The Huffington Post:
Congress Websites Down: House, Senate Sites Not Working (UPDATE)
Discussion: The Politico
 Earlier Items: 
Matt Lewis / The Daily Caller:
Why Nick Ayers is the most hated campaign operative in America
Discussion: RedState
Ian Millhiser / ThinkProgress:
Mike Lee: I Want America's ‘House To Come Down’ Unless Congress Votes To Rewrite Constitution
Discussion: Crooks and Liars
Adam Serwer:
Captain America's Fictitious, Integrated 1940s America