memeorandum: Richard Cordray: Any Legislation Which Has Even “Incidental Effects on the Economy” … (Stephen Gutowski/MRCTV)

8:40 PM ET, January 4, 2012

Top Items:

Newt the Destroyer — Gingrich is now on a single-minded mission to detonate Mitt Romney's presidential prospects. Will he blow up the GOP in the process? — Newt Gingrich has finally reached his destiny: destroyer of the GOP. — In a bitter and spiteful concession speech last night in Iowa …

Discussion: CNN, The Atlantic Online, BuzzFeed, Rod Dreher, Indecision Forever, Gawker and Balloon Juice

Erick Erickson / RedState:

Everything You Heard Last Night Was Bull, Perry Might Want to Stay In, & a Newtlear Attack — As you wake up this morning, Rick Santorum only lost to Mitt Romney by 8 votes. Santorum spent about a dollar per vote and Romney spent hundreds of dollars for his votes.

Jonathan Martin / The Politico:

After Iowa caucuses, GOP elites seek ‘consensus’ candidate — A group of movement conservatives has called an emergency meeting in Texas next weekend to find a “consensus” Republican presidential hopeful, POLITICO has learned. — “You and your spouse are cordially invited to a private meeting …

Discussion: CNN, USA Today, The Caucus, Reuters, 2012 Decoded, Washington Post, The Hill, Indecision Forever, Washington Monthly, FreakOutNation, Daily Kos, Mediaite and Business Insider

Jason Embry / Austin American-Statesman:

Perry stays in presidential race, says it 'wasn't a hard decision' — Gov. Rick Perry said today he will continue his presidential campaign despite a fifth-place showing in the Tuesday Iowa caucuses and serious questions about whether he can continue. “I re-assessed,” Perry said as he left …

Discussion: Fort Worth Star-Telegram, Hot Air, New York Times, Los Angeles Times, Sister Toldjah and Pundit & Pundette

Nate Silver / FiveThirtyEight:

Winning Ugly, but Winning — I don't care if you call it a win or a tie. In Iowa on Tuesday, Mitt Romney had a performance that looks ugly on the stat sheet , but which accomplished quite a bit when you consider it in its broader context. — The two most important things that Mr. Romney accomplished are as follows:

Discussion: The Daily Beast, New York Times, The Caucus, msnbc.com, Feministing, National Review, NationalJournal.com, ABCNEWS, Newshoggers.com, Associated Press and neo-neocon

Emily Schultheis / The Politico:
Newt won't congratulate Mitt on win

Discussion: Reuters and TheBlaze.com

Rush Limbaugh:
This Race is Far From Over — RUSH: I can't tell you the number …

Discussion: Campaign 2012 and The Gateway Pundit

Jay Cost / Weekly Standard:
Morning Jay: What Iowa Tells Us About the State of the Race

Discussion: Wall Street Journal, Washington Post, Power Line, Associated Press, Progressive Policy Institute, The Atlantic Online, Washington Wire, Vodkapundit, New Hampshire Journal and Betsy's Page

Jonathan Martin / The Politico:
Rick Perry surprises staff, stays in race

Discussion: CNN, Hot Air, Le·gal In·sur·rec· tion, Iowa Caucuses, The Hill, GOP 12, Hit & Run and Daily Kos

Bill / Pundits Blog:
Obama wins Iowa — without even campaigning!

Discussion: The Politico, 2012.talkingpointsmemo.com and No More Mister Nice Blog

Ron Fournier / NationalJournal.com:
Bachmann Ends Presidential Run — Source

Discussion: CNN, Big Government, Washington Monthly, Wonkette, American Prospect, ThinkProgress, Indecision Forever, THEROOT.COM, Right Wing Watch, The Hinterland Gazette, The Caucus, Towleroad News #gay and Wake up America

Chris Carlson / ABCNEWS:
Michele Bachmann Drops Out of Presidential Race

Discussion: CBS News, The Politico, Above the Law, The Other McCain, The Moderate Voice, BizzyBlog, Datechguy's Blog and American Spectator

Jonathan Weisman / The Caucus:
For McCain, a Choice Between Old Enemies

Discussion: Washington Monthly, Philly.com, Sister Toldjah and Connecting.the.Dots

Taegan Goddard's Political Wire:
Gingrich Floats Idea of Anti-Romney Alliance

Discussion: Los Angeles Times, Wake up America, Atlas Shrugs and Michelle Malkin

Stephen Gutowski / MRCTV:

Richard Cordray: Any Legislation Which Has Even “Incidental Effects on the Economy” is a “Valid Exercise of Congressional Authority” — President Obama announced today that he was going to take a new step in the expansion of executive authority by recess appointing a head …

Discussion: Hot Air, NationalJournal.com, The Heritage Foundation, Verum Serum, Prairie Weather and Big Government

Greg Sargent / Washington Post:

Breaking: Obama also set to make recess appointments to the NLRB — It isn't just Richard Cordray. Obama is also set to use recess appointments to install his picks to the National Labor Relations Board, according to White House officials and others familiar with ongoing discussions.

Discussion: Political Mojo, Firedoglake, Washington Monthly, The Hill, American Prospect, Le·gal In·sur·rec· tion, Daily Kos, Main Street, Nice Deb and Lawyers, Guns & Money

Peter Schroeder / The Hill:

Reid backs Obama after using pro forma sessions to block Bush — Senate Majority Leader Harry Reid (D-Nev.), who previously held pro forma sessions to block recess appointments by President George W. Bush, said Wednesday he supported President Obama's decision to ignore those sessions to push through one of his key nominees.

Discussion: National Review, Hot Air, Speaker, Mediaite, Weasel Zippers and Viking Pundit

Associated Press:

AP sources: Obama bucks GOP, OKs consumer watchdog — WASHINGTON (AP) — In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation's chief consumer watchdog even though the Senate contends the move is inappropriate …

Discussion: Speaker, WSJ Blogs - WSJ, Balloon Juice, The Hill, Jared Bernstein, The Radio Patriot, Main Street, The Raw Story, Business Insider, The Politico, Alan Colmes' Liberaland, Weasel Zippers, Marathon Pundit, The Hill, American Glob, Little Green Footballs, ThinkProgress and White House Dossier

Washington Times:

Obama defies Congress with ‘recess’ picks — Nominations could provoke constitutional fight — Defying Congress, President Obama used his recess appointment powers Wednesday to name a head for the controversial Consumer Financial Protection Bureau and three new members …

Discussion: The Heritage Foundation and Campaign 2012

Alexander Bolton / The Hill:

Obama under strong pressure to break precedent on recess appointments — President Obama is under strong pressure from liberals to use his recess-appointment power during the congressional break, but doing so would break 20 years of precedent, putting him in a tough position.

Discussion: The Politico, CNN, Washington Post, The Daily Caller and Moe Lane

Dan Pfeiffer / White House.gov Blog:
America's Consumer Watchdog

Kevin Bogardus / The Hill:
President Obama defies lawmakers with recess appointments to NLRB

Discussion: CNN and Outside the Beltway

Peter Schroeder / The Hill:
Court fight over recess appointments ‘almost certain,’ Chamber says

Discussion: The Gateway Pundit

Joseph Williams / The Politico:
Obama makes 3 NLRB recess appointments

Discussion: The White House, Hot Air, ACS Blog, ThinkProgress and The Political Carnival

John Elwood / The Volokh Conspiracy:
Recess Appointment of Richard Cordray Despite Pro Forma Sessions

Discussion: Law Blog, Gawker, Outside the Beltway, Los Angeles Times, Campaign 2012, The Caucus, White House.gov Blog, The Heritage Foundation, National Review and Daily Pundit

Brad Plumer / Washington Post:
With Cordray appointment, Obama sets new precedent

Discussion: The Atlantic Online, The Caucus, Political Mojo, ThinkProgress and The New Republic

Steve Benen / Washington Monthly:
McConnell's concern for ‘precedent’

Discussion: The Hill, U.S. Senate Republican … and Crooks and Liars

Greg Sargent / Washington Post:
Obama to GOP: Get the heck out of the way

Discussion: Reuters, Daily Kos and emptywheel

Travis Waldron / ThinkProgress:
BREAKING: Obama To Make Recess Appointments To National Labor Relations Board

Discussion: The Political Carnival

Grace Wyler / Business Insider:

Ron Paul May Have Secretly Won The Iowa Caucuses — DES MOINES — Ron Paul may have officially come in third tonight, but if the campaign's caucus strategy went off as planned, then Paul may actually be the real winner of the first Republican voting contest.

Discussion: NPR, The Daily Beast, NO QUARTER, The Huffington Post, The Hill, ourfuture.org/blogs_chrono/*, Firedoglake, Wake up America, A plain blog about politics, Hit & Run, Guardian, New York Times, CNN and americanthinker.com

Kevinliptak / CNN:
Army soldier rallying for Paul violated military ban on political activity

Discussion: Political Mojo, Outside the Beltway and Big Government

Jennifer Rubin / Washington Post:
Credit Santorum with sinking Ron Paul

Discussion: Saint Petersblog

George F. Will / Washington Post:
Suddenly, a fun candidate

Discussion: Mediaite, Don Surber, ABCNEWS, The Daily Caller and Eunomia

Rebecca Lopez / WFAA-TV:

Dallas teen missing since 2010 was mistakenly deported — DALLAS - “It's very frustrating,” Lorene Turner said. — She has spent hours on Facebook trying to find her granddaughter, Jakadrien. — “Once I get home I am up until 3 or 4 in the morning searching and looking,” Turner said.

Discussion: Firedoglake, theGrio, utsandiego.com, Hullabaloo, Gawker, The Raw Story, msnbc.com, emptywheel and The Agitator

Marisa Guthrie / Hollywood Reporter:

Keith Olbermann Blasts Current TV; Internal Memo Reveals Tension Over GOP Primary — “I was not given a legitimate opportunity to host under acceptable conditions,” Olbermann said in a statement to The Hollywood Reporter on Wednesday. “They know it and we know it. Telling half the story is wrong.”

Discussion: Hot Air, Mediaite, National Review and The Politico, more at Mediagazer »

Vauhini Vara / Wall Street Journal:

California Train Plan Hits Bump Over Funds — SAN FRANCISCO—California's ambitious plan for a high-speed rail system hit a big roadblock Tuesday, as an independent panel urged lawmakers to deny authorizing the issuance of $2.7 billion in bonds to kick off the $98.5 billion project.

Discussion: Via Meadia, The Informer and ThinkProgress

Los Angeles Times:
Review urges delay in borrowing billions for bullet train

Discussion: Hot Air

Hollie McKay / Fox News:

Do Musicians Block GOP Candidates From Using Their Songs? — When GOP presidential candidate Mitt Romney's team was looking for a theme song for his campaign, Kid Rock's hit “Born Free” hit a chord. But instead of doing what countless other politicians before him had done …

Discussion: No More Mister Nice Blog and Big Hollywood

Glenn Kessler / Washington Post:

Romney vs. Obama on job creation — “And I'm very happy in my former life; we helped create over 100,000 new jobs. By the way, we created more jobs in Massachusetts than this president's created in the entire country. So if the president wants to talk about jobs, and I hope he does …

Discussion: Alan Colmes' Liberaland, ThinkProgress, Obama 2012 Blog, Daily Kos, Paul Krugman, Brilliant at Breakfast and Washington Monthly

Andrew Garber / Seattle Times:

Gregoire proposes legislation to legalize gay marriage — Gov. Chris Gregoire on Wednesday said she'll put forward legislation to legalize marriage for gay and lesbian couples. — The proposal will be introduced during the legislative session that starts Monday.

Discussion: Firedoglake, Daily Kos, Towleroad News #gay and Joe. My. God.