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12:55 PM ET, September 4, 2011

memeorandum

 Top Items: 
Maureen Dowd / New York Times:
One and Done?  —  ONE day during the 2008 campaign, as Barack Obama read the foreboding news of the mounting economic and military catastrophes that W. was bequeathing his successor, he dryly remarked to aides: “Maybe I should throw the game.”  —  On the razor's edge of another recession …
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blogs.telegraph.co.uk:
American Way: Barack Obama, 2008 man of hope and change, becomes 2012 candidate of fear and status quo  —  So how much trouble is Barack Obama in?  Well, it doesn't get much worse.  —  His approval rating is hovering just above 40 per cent.  Unemployment is stuck at 9.1 per cent …
Ben Geman / The Hill:
President Obama's smog policy gamble holds uncertain political payoff
Discussion: Hot Air
Mike Lofgren / truth-out.org:
Goodbye to All That: Reflections of a GOP Operative Who Left the Cult  —  Barbara Stanwyck: “We're both rotten!”  —  Fred MacMurray: “Yeah - only you're a little more rotten.”  -"Double Indemnity" (1944)  —  Those lines of dialogue from a classic film noir sum up the state of the two political parties in contemporary America.
Brian Joseph / Orange County Register:
FBI arrests prominent Democratic campaign treasurer  —  SACRAMENTO - A prominent Democratic campaign treasurer who works for federal, state and O.C. lawmakers including U.S. Sen. Dianne Feinstein.  Rep. Loretta Sanchez and state Assemblymen Lou Correa and Jose Solorio has been arrested …
Robert B. Reich / New York Times:
The Limping Middle Class  —  Robert B. Reich is the former secretary of labor, a professor at the University of California, Berkeley, and the author of “Aftershock: The Next Economy and America's Future.”  —  THE 5 percent of Americans with the highest incomes now account for 37 percent …
Steve Benen / Washington Monthly:
The media sure does love Mr. One Percent  —  CBS's “Face the Nation” has two presidential contenders on this morning.  One of them is even competitive. … Seeing Huntsman's name on the schedule got me thinking: haven't we seen quite a bit of him lately?  —  On Friday, Huntsman was on CNBC's “The Kudlow Report.”
SarahPAC:
Governor Palin's Speech at the “Restoring America” Tea Party of America Rally in Indianola, Iowa (Video and Transcript)  —  The following is the video and text of Governor Palin's speech at the “Restoring America” Tea Party of America Rally in Indianola, Iowa, on September 3, 2011.  —  Thank you, Iowa.
John Mauldin / Business Insider:
MAULDIN: It's All About The Jobs — And Gold  —  This week we briefly look at yesterday morning's dismal unemployment report, then drop back and survey some other very eye-opening data on employment.  Some groups are (surprise) doing better than others.  What would it take to get us back to “normal,” whatever that is?
A.Killough / CNN:
Perry focuses on Obama  —  Chichester, New Hampshire (CNN) - Texas Gov. Rick Perry focused blame for the economic slump squarely on President Barack Obama in a pair of speeches Saturday, as his stump speech continues to take shape.  —  Reading from notes, the folksy leader launched …
Discussion: The Politico
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New York Times:
U.S. Is Appealing to Palestinians to Stall U.N. Vote  —  WASHINGTON — The Obama administration has initiated a last-ditch diplomatic campaign to avert a confrontation this month over a plan by Palestinians to seek recognition as a state at the United Nations, but it may already be too late …
Dan Merica / CNN:
Comedian tells ‘special needs’ joke at Palin event  —  Washington (CNN) - In comedy, timing is everything.  —  And minutes before Sarah Palin, former Alaska governor and parent of a child with Down syndrome, made her much-anticipated speech in Iowa, Los Angles-based comedian Eric Golub told …
Ace / minx.cc:
The Fizzle In Drizzle  —  Promising she was ready to have a “adult conversation” about the specifics of what needed to be done to right America, Palin set a marker for herself: … And then went on to speak in... vague generalities.  (Note: All quotes were taken directly as she spoke …
Discussion: Outside the Beltway
J. Bradford DeLong / Grasping Reality with Both Hands:
Life in Hooverville  —  I remember the week after Obama's 2010 State of the Union Address, I had a few conversations with Obama Senior Administration Officials (and not the ones that you are thinking of either).  I took particular exception to: … As I recall, I said back then:
Discussion: Hullabaloo
Erik Wasson / The Hill:
Palin still coy on presidential run  —  The audience at the Iowa Tea Party of America rally on Saturday chanted “Run Sarah, Run!” but former Alaska Gov. Sarah Palin still won't say if she will be a candidate for president.  —  Palin instead unleashed an attack on “corporate crony capitalism” …
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 More Items: 
William McQuillen / Bloomberg:
Taxpayers Rank Behind Solyndra Investors
BBC:
Gaza flotilla: Turkey to take Israel to UN court
Discussion: Jihad Watch
John C. Bogle / Wall Street Journal:
How the Index Fund Was Born
Discussion: Marginal Revolution
 Earlier Items: 
Eliyahu Stern / New York Times:
Don't Fear Islamic Law in America
Leslie Kaufman / New York Times:
Obama's Retreat on Ozone Standards Angers Environmentalists
Fred Barnes / Weekly Standard:
President Zero  —  Read his lips: No new jobs.