The Senate Morning Must Read: Albatross by Adam Sorensen | @adamsorensen | September 13, 2010 | + Tweet Reuters / Jason Redmond - Congress returns from recess for a full plate. - Minority Leader Boehner, for a fleeting moment, flirts with compromise over the Bush tax cuts? Jerry Brown takes the bait on that Whitman ad featuring Bill Clinton and Peak Performance jackets, much to the chagrin of Democrats everywhere, going after the former president. Basel III, that very important international banking regulation agreement I mentioned after the financial reform passed, has a set of agreements on capital requirements. Felix Salmon has an interesting overview of what they will do, but the long and short of it is this: once everything is finalized, ratified, enough time passes, etc., banks will have to hold more (and higher quality) capital in reserve just in case something goes south. Our colleague Michael Schuman contemplates how the new rules may affect global growth. - Newt Gingrich has added a new "secular, socialist machine" anti-Obama routine. Dave Weigel picks up on the "Kenyan, anti-colonial behavior" aspect. - James Surowiecki in The New Yorker wonders why the stimulus was a political flop. The gist: as bizarre as it may seem, perhaps a less well-designed stimulus would have been more popular, and that would have made it easier for Obama to sell voters on his new jobs proposals. But given the size and depth of the recession, it's also likely that the stimulus would have become a political albatross. - Sewell Chan revisits vacancies at the highest levels of economic decision-making. - The Weekly Standard digs into Delaware tea party insurgent Christine O'Donnell's past. - And Charlie Rangel needs to take to the streets. What did I miss? Email Adam.
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