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5:00 PM ET, July 29, 2011

memeorandum

 Top Items: 
Jeffrey M. Jones / Gallup:
Obama Approval Drops to New Low of 40%  —  Similar to his approval rating for handling the debt ceiling negotiations  —  PRINCETON, NJ — President Obama's job approval rating is at a new low, averaging 40% in July 26-28 Gallup Daily tracking.  His prior low rating of 41% occurred several times, the last of which was in April.
RELATED:
The Note:
Boehner gets standing ovation from Senate Rs  —  ABC News' Jonathan Karl (@jonkarl) reports:  —  Speaker of the House John Boehner just quietly ventured over to the Senate side and dropped in on a closed lunch of Senate Republicans.  —  The lunch - pizza, again - was in the Strom Thurmond room.
Jennifer Rubin / Washington Post:
Why no vote tonight  —  A House aide just e-mailed me: “Buckets of crazy.”  That's as good an explanation as any as to why Speaker of the House John Boehner (R-Ohio) won't be able to hold a vote tonight on his debt-ceiling bill.  The burn-the-building-down set is weakening, but the speaker is still short on votes.
The Politico:
Boehner builds momentum  —  House Republican leaders will tie a balanced-budget amendment to the Constitution to their two-step debt-ceiling bill — a move that is all but certain to clinch the necessary votes to pass Speaker John Boehner's proposal a day after it stalled.
The Hill:
Support shifts as Boehner adds balanced-budget amendment  —  House Republicans will attach a balanced-budget amendment to Speaker John Boehner's (R-Ohio) last-ditch debt-ceiling plan, which GOP lawmakers said would move the measure to passage in a high-stakes vote later on Friday.
Michael D. Shear / The Caucus:
Democrats Threaten Saturday Night Debt Fever  —  Get ready for Mr. Smith meets the debt ceiling.  —  Senate Democrats said Friday that they were prepared for an all-night battle on the Senate floor that could go into the wee hours of Sunday morning unless Republicans began negotiating on a bipartisan plan to raise the debt ceiling.
National / NationalJournal.com:
DOCUMENT: Latest Version of House Speaker Boehner's Debt Plan  —  This is the latest version of the Boehner bill and reflects changes made after GOP leaders failed to assemble the necessary votes to pass it Thursday.  This bill is the current legislative vehicle and may come to the House floor later Friday.
William Kristol / Weekly Standard:
What Boehner Should Do Now  —  Last night, Speaker Boehner toyed with adding a gimmicky balanced budget amendment provision to the Republican budget bill in order to try to get the final handful of votes he needs for passage.  He thought better of this last night, and didn't do so.
Discussion: ThinkProgress
The Note:   Senate Democrats Blast Revised Boehner Debt Bill as ‘Absurd’
Jennifer Epstein / The Politico:   Obama approval rating hits all-time low, according to poll
Reuters:
With House debt ceiling bill stalled, Harry Reid makes his move
Discussion: Maggie's Notebook and Hot Air
Alexander Bolton / The Hill:
Sen. Reid says he's moving ‘the last train’ to raise the debt ceiling
Kevin Drum / Mother Jones:
Gut Check Time for John Boehner
David Rogers / The Politico:
They're not that far apart  —  As bad as Washington looks …
Discussion: Reuters and Swampland
Washington Post:
Obama urges Senate to forge compromise on debt limit, rejects House efforts
Erick Erickson / Erick's blog:
The Worst Negotiators  —  I cannot decide who the worst negotiators …
Discussion: RedState
Lucia Mutikani / Reuters:
Weak growth raises concerns on economy  —  (Reuters) - The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose.  —  The Commerce Department data on Friday also showed …
RELATED:
U.S. Bureau of Economic Analysis:
National Income and Product Accounts  —  Gross Domestic Product: Second Quarter 2011 (Advance Estimate)  —  Revised Estimates: 2003 through First Quarter 2011  —  Real gross domestic product — the output of goods and services produced by labor and property located in the United States …
Free exchange:
Distress signal  —  IN 2007, the great ship of the American …
Discussion: AMERICAN FUTURE
Alicia M. Cohn / The Hill:
Tea Party groups target ‘defectors’ on debt vote  —  Several Tea Party organizations are working to punish conservative Republicans who plan to vote yes on Speaker John Boehner's (R-Ohio) debt ceiling proposal.  —  Tea Party leaders announced Thursday they are targeting Republican Reps. James Lankford …
RELATED:
William Yeomans / The Politico:
The tea party's terrorist tactics  —  It has become commonplace to call the tea party faction in the House “hostage takers.”  But they have now become full-blown terrorists.  —  They have joined the villains of American history who have been sufficiently craven to inflict massive harm …
Paul Krugman / New York Times:
The Centrist Cop-Out  —  The facts of the crisis over the debt ceiling aren't complicated.  Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation.
David Kurtz / Talking Points Memo:
Practically Delusional  —  Just minutes after President Obama urged the parties to come together and avert this default crisis, things are actually going backwards in the House.  And in pretty incredible fashion.  —  To secure enough votes from his own members for his plan …
Charles Krauthammer / Washington Post:
The great divide  —  We're in the midst of a great four-year national debate on the size and reach of government, the future of the welfare state, indeed, the nature of the social contract between citizen and state.  The distinctive visions of the two parties — social-democratic vs. limited-government …
Yvonne Wenger / The Post and Courier, Charleston SC:
Democrats criticize Haley's checking of ‘white’ on voter registration application  —  COLUMBIA — What box should Gov. Nikki Haley check when it comes to her race?  —  The South Carolina Democratic Party tried Thursday to make Haley out as a liar for checking “white” as her race …
Steve Benen / Washington Monthly:
‘A self-inflicted wound of monumental stupidity’  —  There are, regrettably, plenty of prominent media voices who insist on characterizing the Republicans' debt-ceiling crisis as a disaster brought on by “both sides.”  Yes, David Gergen, I'm looking in your direction.
Leary / nation.foxnews.com:
Obama Declares Twitter War on Republicans  —  President Obama declared a Twitter war on Republican lawmakers today through his online account, @barackobama - just moments after telling the nation it was time to move beyond politics.  —  “The time for putting party first is over,” Obama wrote on his Twitter account.
Discussion: Michelle Malkin
Eli Lake / The New Republic:
All Over the Map  —  The Republican foreign policy consensus has collapsed.  Which candidate's worldview will prevail?  —  Mitt Romney delivered a speech at the annual summer retreat of the American Enterprise Institute in Beaver Creek, Colorado.  To coincide with the address …
Discussion: ThinkProgress and Hit & Run
Adam Serwer:
The History Of The Racial Wealth Gap  —  I want to co-sign Ta-Nehisi Coates' approval of Melissa Harris-Perry properly contextualizing the history of the wealth gap between whites and nonwhites while subbing for Rachel Maddow:  —  I would have gone farther than Harris-Perry though.
Financial Post:
U.S. balance now less than Apple cash  —  Steve Jobs is now more liquid than Uncle Sam.  —  While it's highly unlikely that President Barack Obama is looking to ask the founder and chief executive of Apple Inc. for a loan, it became a fact as of Thursday afternoon — the world's largest technology company …
 
 
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 More Items: 
Ambrose Evans-Pritchard / Telegraph:
Global slump warnings if US triggers ‘insane’ default
Pierre Thomas / ABCNEWS:
Fort Hood Suspect Yells Nidal Hasan's Name in Court
Sam Baker / Healthwatch:
Ross backs bill to repeal healthcare tax
Discussion: ThinkProgress
Annie Lowrey / Slate Magazine:
It's Not “Default”
David Lat / Above the Law:
Outstanding Bar Performance: Pregnant Woman Takes Bar Exam While in Labor, Delivers Baby Right After!
Discussion: Althouse and Outside the Beltway
Dana Milbank / Washington Post:
John Boehner's no-confidence vote
Discussion: Firedoglake
 Earlier Items: 
Megan McArdle / The Atlantic Online:
Even Good Government Has Unintended Consequences
Discussion: The Politico
Derek Thompson / The Atlantic Online:
No Growth, No Jobs, and No Help From Washington
Steve Clemons / The Atlantic Online:
The Upside of Default  —  When the sub-prime loan crisis triggered …
Monica Potts / American Prospect:
Big Mess  —  A lawsuit against a Utah polygamy law is a nightmare …
Discussion: ThinkProgress
Ezra Klein / Washington Post:
Wonkbook: Boehner failed. Now what?
 

 
From Mediagazer:

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Leah Nylen / Bloomberg:
Filing: the US DOJ's proposal requires Google to allow websites more ability to opt-out of its AI products and provide more ad placement controls to advertisers

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

 
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