The Note’s Must-Reads for Friday, October 21, 2011

Compiled by ABC News Digital News Associates Jacqueline Fernandez, Jayce Henderson and Desk Assistant Amanda VanAllen

MOAMMAR GHADAFI:   ABC News’ Emily Friedman: “ Romney Says Obama Deserves Credit” In a rare admission, Mitt Romney said today that President Obama deserves credit for today’s killing of Moammar Ghadafi. Asked by reporters as he left an event in Council Bluffs, Iowa, if Obama deserves credit, Romney responded, “Yes, yes, absolutely.” LINK

The Hills’ Ian Swanson: “ Obama stands tall after the demise of Libyan strongman Gadhafi” The death of Moammar Gadhafi represents another major foreign policy victory for President Obama, who backed a months-long air campaign in Libya while facing criticism from the left and the right. Obama stared down congressional skeptics across the political spectrum in ordering the strikes just 18 months after becoming the first U.S. president to shake Gadhafi’s hand. LINK

USA Today’s Richard Wolf: “ News analysis: Obama builds on national security record” A single moment that may have defined President Obama as a surprisingly tough commander in chief came in December 2009, when he accepted the Nobel Peace Prize while leading two wars. LINK

The New York Daily News’ Alison Gendar: “ With Moammar Khadafy’s death, President Obama proves strategy in Libya conflict was right course” President Obama’s policy of letting Libyans take the lead in the hunt for Moammar Khadafi, with air support from NATO, paid big dividends. The longtime dictator was tracked down and killed Thursday – with minimal risk to American forces. LINK

The Wall Street Journal’s Margaret Coker: “ Gadhafi’s Death Ushers In New Era” Deposed Libyan leader Moammar Gadhafi was shot and killed as Libyan forces overtook the city of his birth and last remaining stronghold, setting the stage for the nation to reinvent itself after a 42-year dictatorship. The dramatic victory by Libyan revolutionaries at the city of Sirte appeared to mark the end of major ground combat in the eight-month armed uprising and the imminent conclusion of the international air campaign that helped rebel forces defeat Col. Gadhafi’s army. LINK

PRESIDENT OBAMA: The New York Times’ Mark Landler: “ For Obama, Some Vindication of Approach to War” For President Obama, the image of a bloodied Col. Muammar el-Qaddafi offers vindication, however harrowing, of his intervention in Libya, where a reluctant commander in chief put strict limits on American military engagement and let NATO allies take the lead in backing the rebels. LINK

The Washington Times’ Jim Elhatton: “ Obama pick owed millions from Disney, Boeing board posts” President Obama’s pick for commerce secretary, John E. Bryson, has earned millions of dollars in stock and compensation through his position as a director at the Walt Disney Co., a company that directly lobbies the department that Mr. Bryson now is poised to take over. LINK

ROMNEY: The Washington Post’s Philip Rucker: “ Mitt Romney makes a cautious return to Iowa” Mitt Romney made a cautious return to Iowa on Thursday, testing the waters for the first time this fall in the state where he staked his presidential ambitions four years ago only to leave politically defeated and personally scorned. LINK

Politico’s Jim Vandehei and Mike Allen: “ Illegal immigrant attack on Mitt Romney persists“It’s hard to dispute that Rick Perry’s he-hired-an-illegal-immigrant attack on Mitt Romney was a cheap shot. It’s even harder to dispute that it worked beautifully. LINK

The Wall Street Journal’s Patrick O’ Connor:  ” Iowa Back on Romney’s Map” Mitt Romney has kept a low profile in Iowa, spending time and money in other early-voting states as he competes for the Republican presidential nomination. Now, he sounds as if he may be rethinking his strategy. “I’ll be here again and again,” Mr. Romney assured about 100 people at a campaign event Thursday morning. It was his first trip to the state since August LINK

SENATE: The Los Angeles Times’ Lisa Mascaro: “ Senate rejects bill to keep teachers, first responders on the job” Republican-led opposition in the Senate blocked a key element of President Obama’s jobs plan Thursday night — a proposal to send $35 billion to cash-strapped states to keep public school teachers, police and firefighters on the job. The Senate voted 50-50 on the measure, falling short of the 60 votes it needed to advance. Three Democrats joined all Republicans in halting the bill, which polls have shown is among the most popular elements of Obama’s jobs initiative. LINK  

ABC NEWS VIDEOS: “ Sens. McConnell, Rubio Criticize U.S.’ Slow Response in LibyaLINK Sen. Sessions on Death of Gadhafi, Budget Talks” LINK

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