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6:15 PM ET, August 5, 2011

memeorandum

 Top Items: 
Political Punch:
Govt official: US expecting S&P downgrade  —  A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor's to downgrade the rating of US debt from its current AAA value.  —  Officials reasons given will be the political …
RELATED:
Kate Kelly / CNBC:
US Braces for Possible S&P Downgrade: Source  —  U.S. government officials are bracing for the rating agency Standard & Poor's to downgrade the country's credit as early as this evening or take other possible action, according to someone familiar with the matter.
Joe Weisenthal / Politics:
US GOVERNMENT OFFICIALS BRACING FOR S&P TO DOWNGRADE CREDIT RATING  —  There was crazy chatter about this earlier, and now CNBC is reporting that the government is preparing for a possible downgrade from S&P.  —  Remember, during the debt ceiling fight, S&P warned that there was a 50/50 chance …
Leary / nation.foxnews.com:
Obama's Hip-Hop BBQ Didn't Create Jobs  —  POLITICO EXCLUSIVE — The President's private 50th birthday bash, not listed on his public schedule: His gift to the press corps was a travel/photo lid shortly after 4 p.m., prompting what pooler Julie Mason called “general cheering in WH workspace.”
RELATED:
Media Matters / Media Matters for America:
Tanya Somanader / ThinkProgress:
Fox Nation Reports On Obama's Birthday: 'Obama's Hip-Hop BBQ Didn't Create Jobs'  —  Yesterday, President Obama celebrated his 50th birthday.  Politico reported that the president marked the milestone by holding a private barbecue attended by a flock of celebrities, including Stevie Wonder …
Jason Cherkis / The Huffington Post:
Rick Perry's College Transcript: A Lot Of Cs and Ds … WASHINGTON — As governor of Texas, Rick Perry has pursued a controversial agenda that would gut Texas' vaunted public university system in favor of something that more closely resembles a business.  —  As the Washington Post reported on Thursday …
RELATED:
The Note:
Rick Perry's Religious Event Mired in Controversy
Discussion: ThinkProgress and The Daily Caller
William Saunders / The Politico:
Rick Perry is half-right on abortion
Discussion: LifeNews.com
RELATED:
JSOnline:
State Patrol called in, youth policy imposed after violence at State Fair  —  By Don Walker and Mike Johnson of the Journal Sentinel  —  Gov. Scott Walker has ordered the Wisconsin State Patrol to provide additional law enforcement help at the Wisconsin State Fair after several incidents …
Discussion: Pajamas Media
Greg Sargent / Washington Post:
The Incredible Shrinking Tea Party  —  If there's one thing the debt ceiling battle revealed, it's that the Tea Party continues to enjoy outsized influence in Washington in general and over the GOP in particular.  —  So it's interesting to note that according to the internals of today's New York Times poll …
RELATED:
Yahoo! News:
Nader: ‘Almost 100 percent’ chance of a Democratic primary challenger to Obama  —  Ralph Nader, the consumer advocate and perennial third-party presidential candidate, announced last month that he would work to find a Democrat to challenge President Barack Obama in 2012.
Paul Krugman / New York Times:
The Wrong Worries  —  In case you had any doubts, Thursday's more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn't recovering, and Washington has been worrying about the wrong things.
RELATED:
RealClearPolitics Video Log:
John Kerry: Media Has “Responsibility” To “Not Give Equal Time” To Tea Party  —  Sen. John Kerry (D-MA) told MSNBC's “Morning Joe” on Friday that the media has the responsibility to not give equal time or credence to the Tea Party's views: SEN. JOHN KERRY: “And I have to tell you, I say this to you politely.
Greg Sargent / Washington Post:
Why Democrats are very nervous about Wisconsin  —  Publicly, Democrats are projecting great confidence about the likelihood of taking back the Wisconsin state senate in the upcoming recall elections.  They claim their private polling shows them ahead or tied in all six races targeting GOPers for recall …
Discussion: Daily Kos and The Mahablog
RELATED:
Shushannah Walshe / ABCNEWS:
$30 Million Pouring In to Influence Wisconsin Recall Elections
Tanya Somanader / ThinkProgress:
Cantor Opposes Extending Unemployment Benefits: We Need To Stop ‘Pumping Up’ Jobless Americans  —  The unemployment rate inched downwards to 9.1 percent today, with private sector jobs increasing by 154,000.  While a slight improvement, these better-than-expected figures provide little comfort …
Adam Serwer / Washington Post:
GOP austerity agenda damaging Obama's reelection chances  —  The Republican austerity agenda is continuing to hamper job growth, making Obama's defeat in 2012 all the more likely.  —  Today's jobs numbers were better than expected, but as Matthew Yglesias points out, a fundamental problem remains …
RELATED:
James Pethokoukis:
Can Obama's 2012 hopes survive 9%+ unemployment? … The consensus used to be that President Obama might be OK if the jobless rate fell below 8 percent by Election Day.  That seems increasingly unlikely.  The economy is, at best, in slow-growth mode, just churning and churning, creating few jobs.
Discussion: Weasel Zippers and Pajamas Media
Jennifer Epstein / The Politico:
Obama ‘smarter’ than critics, says Alan Simpson  —  Former Sen. Alan Simpson, a Republican who co-chaired President Barack Obama's fiscal commission, says that the president is “a little bit smarter” than some of his critics, who “ought to give it up.”  —  Simpson, who represented Wyoming …
Discussion: The Spot and Weasel Zippers
Joy Pullman / Washington Examiner:
Teachers union disavows internal memo endorsing deception of parents  —  American Federation of Teachers officials have disavowed an internal report after it was posted on the union's website following its annual conference, embedded on each of its 19 pages with the union's logo and signed by a union official.
Discussion: iOwnTheWorld.com and Pajamas Media
Paul Krugman:
Pulling Rank  —  John Quiggin has some fun with an economist named Stephen Williamson who attacks his work from a position of robust ignorance; Noah Smith has even more fun.  —  I'll pass the specific arguments by, and note another feature of this “debate” that has struck …
Dana Milbank / Washington Post:
The FAA shutdown and the new rules of Washington  —  Congressman John Mica, the Florida Republican blamed for single-handedly shutting down the Federal Aviation Administration, sounded like a beaten man when he called me Thursday evening.  —  The usually biting chairman …
Marc Stewart / TheDenverChannel.com:
TSA Confiscates Pregnant Woman's Insulin, Ice Packs  —  Security Tells Woman Isulin Vial Was An Explosives Risk  —  DENVER — A Denver couple has filed a formal complaint with the Transportation Security Administration after a pregnant woman's insulin and ice packs were confiscated by screeners at Denver International Airport.
Ed Morrissey / Hot Air:
Video: They're still not listening to Rick Santelli  —  Want to see a microcosm of everything that's been wrong with American economic policy over the last couple of years?  Watch this exchange between Ezra Klein and Rick Santelli from earlier today on MSNBC's Morning Joe.
Discussion: Pajamas Media and NewsBusters.org
Kathie Obradovich / Iowa Caucuses:
Santorum: Courts have created ‘super-right’ of sexual liberty  —  GOP presidential candidate Rick Santorum, talking about same-sex marriage, said today that the courts have created a right to “sexual liberty” that diminishes the right to religious liberty.  —  Santorum was meeting with the Register editorial board this morning.
Discussion: ThinkProgress and TPMDC
Hilary Gowins / Northwest Herald:
Walsh tries to clear air at town hall-style meeting … WAUCONDA - When controversy erupts, public figures can hide or face their critics.  —  U.S. Rep. Joe Walsh seems to have chosen the latter, facing his constituents for the first time after the debt ceiling battle and allegations …
Discussion: Hotline On Call and The Hill
Lee Fang / ThinkProgress:
VIDEO: Security Guards At American Legislative Exchange Council Conference Physically Attack ThinkProgress Reporters  —  Scott Keyes' thumb after being attacked by security guards at the American Legislative Exchange Council conference  —  Yesterday, at a conference in New Orleans …
Financial Times:
Italy agrees to liberalise economy  —  By Guy Dinmore in Rome, Quentin Peel in Berlin, James Boxell in Paris and Joshua Chaffin in Brussels  —  Silvio Berlusconi, Italy's centre-right prime minister, and Giulio Tremonti, finance minister, held several hours of emergency talks on Friday …
Discussion: ThinkProgress and New Atlanticist
 
 
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 More Items: 
Tyler Durden / ZeroHedge:
Average Length Of Unemployment Surges To New All Time Record 40.4 Weeks
Discussion: Don Surber
Jennifer Steinhauer / New York Times:
Yes, Congress Is in Session (for a Few Seconds, Anyway)
Discussion: Wonkette
A.Killough / CNN:
Perry to meet with GOP leaders in South Carolina
Discussion: GOP 12 and The Page
Hugh Son / Bloomberg:
Bank of America Says Mortgage Buyback Claims May Exceed Prior Estimate
Erik Wasson / The Hill:
Postal Service delivers more bad news, reports $3.1B loss
Discussion: The Politico
M.S. / Democracy in America:
Adventures in tea-party cognitive dissonance
Patrick M. Byrne / The Politico:
Backed Jon Huntsman once, but never again
Discussion: Erick's blog and GOP 12
Noah / Noahpinion:
Supply-side vs. demand-side recessions
 Earlier Items: 
Charles Krauthammer / National Review:
The Solution  —  A three-stage compromise to reduce the debt on a scale never before seen
Discussion: FrumForum
Gschwarzcnn / CNN:
Roseanne sets sights on White House
Discussion: The Politico, ThinkProgress and Hot Air
Jacob Weisberg / Financial Times:
Washington's appetite for self-destruction
Discussion: FT Alphaville and The New Editor
 

 
From Mediagazer:

Alexandra Bruell / Wall Street Journal:
The Atlantic is profitable, has 1M subscribers, and revenue grew 10% in 2023 thanks to a 50% price hike, a harder paywall, and a shift to in-depth reporting

Ashley Carman / Bloomberg:
How MowPod, which sells podcast advertising tools, uses mobile game ads to incentivize gamers to follow shows on Apple Podcasts in order to earn in-game tokens

New York Times:
The NBC News-Ronna McDaniel saga highlights the perks and perils of partisan talk TV; a source says McDaniel is now seeking $600K+ for her two year deal

 
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