Top Items:
Economics of Contempt:
On S&P, Downgrades, and Idiots — This is not going to be one of those posts that laments S&P's decision to downgrade the US, but then says that S&P was probably right about our oh-so-dysfunctional political system. — No, S&P was flat-out wrong — no caveats.
Discussion:
Firedoglake, Free exchange, Associated Press, Felix Salmon, Paul Krugman, American Spectator, Wizbang, NewsBusters.org blogs and Politics
RELATED:
Paul Krugman / New York Times:
Credibility, Chutzpah And Debt — To understand the furor over the decision by Standard & Poor's, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was.
Alexander Bolton / The Hill:
Markets open low as White House pushes back on S&P downgrade — Washington's lawmakers and policymakers anxiously watched the open of financial markets in Asia, Europe and New York Monday to determine the impact of the nation losing its AAA credit rating. — The downgrade of the nation's …
Discussion:
The Hill and The Reaction
![](/110808/i3.jpg)
No Chance of Default, US Can Print Money: Greenspan — Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. — “The United States can pay any debt it has because we can always print money to do that.
Discussion:
NewsBusters.org, Weasel Zippers and LewRockwell.com Blog
![](/110808/i43.jpg)
VIDEO: Tea Partiers Cheer the Downgrade of America's Credit Rating
Discussion:
Crooks and Liars, Bloomberg, Alan Colmes' Liberaland, The Heritage Foundation, Gawker and The Gateway Pundit
Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel
Discussion:
CNNMoney.com, Online NewsHour, Wake up America, GOP.com and The Daily Caller
Zeke Faux / Bloomberg:
S&P Seen Surrendering to Tea Party Costing U.S. Taxpayer
S&P Seen Surrendering to Tea Party Costing U.S. Taxpayer
Discussion:
The Huffington Post
John Hinderaker / Power Line:
“Tea Party Downgrade”? They Can't Possibly Sell That
“Tea Party Downgrade”? They Can't Possibly Sell That
Discussion:
The Caucus, TPMDC, Somewhat Reasonable, Weasel Zippers, Instapundit and Don Surber
Gschwarzcnn / CNN:
Romney knocks Obama's S&P ‘failure’
Romney knocks Obama's S&P ‘failure’
Discussion:
This Just In, Runnin' Scared and The Page
Christine Hauser / New York Times:
Stocks Slump in First U.S. Trading Since Downgrade
Stocks Slump in First U.S. Trading Since Downgrade
Discussion:
Global Public Square, The Curious Capitalist, Money & Company, The Page and THE ASTUTE BLOGGERS
![](/110808/i23.jpg)
LEAP OF FAITH … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
RELATED:
![](/110808/i18.jpg)
Michele Bachmann's development and formation
Discussion:
The Note and The Daily Caller
Molly Ball / The Politico:
All eyes turn to Ames
All eyes turn to Ames
Discussion:
Los Angeles Times, The Page and White House Dossier
![](/110808/i27.jpg)
The Conservative Crazy Eyes Cliche & Other Stupid MSM Photo Tricks — Sigh. Seriously, Tina Brown? — Yes, I'm talking about you, Oxford University-educated Newsweek/Daily Beast editor Tina Brown. — You've resorted to recycling bottom-of-the-barrel moonbat photo cliches …
Discussion:
Big Journalism
RELATED:
![](/110808/i22.jpg)
Michele Bachmann Looks, Um, Surprised to Be on Newsweek Cover — Congresswoman and Republican presidential candidate/shoo-in Michele Bachmann's made the cover of the latest [Cosmo] Newsweek—an honor that comes with a new if not entirely original nickname ("the Queen of Rage") and complimentary #QueenOfRage Twitter hashtag.
Daniel Strauss / The Hill:
Rep. West: Geithner ‘should move on’ from Treasury job — Treasury Secretary Tim Geithner should not have decided to stay on in his current post, Rep. Allen West (R-Fla.) said Monday. — “When you open that refrigerator door, the lights don't come on. I really think he should move on,” West said on Fox News.
Discussion:
The Politico and Weasel Zippers
RELATED:
![](/110808/i42.jpg)
Exclusive: S&P's flub-filled draft press release
Discussion:
ThinkProgress, New York Times, Daily Kos and Politics
![](/110807/i41.jpg)
Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’ — Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
Discussion:
Mudville Gazette, Scared Monkeys, The Wire, Sky Dancing, Alan Colmes' Liberaland, Change of Subject, Pajamas Media and Don Surber
David Catanese / The Politico:
Wis. Dem memo: Victory predictions “dangerous” — MADISON Wis. — Democrats on the ground here are increasingly confident they will pick-up two state Senate seats, but are warning that winning the third necessary for a takeover is a tenuous prospect. — Despite hype from some in the party apparatus …
Discussion:
Althouse and National Review
![](/110808/i41.jpg)
Perry team raising money, supporter says announcement next week — Texas Gov. Rick Perry speaks at The Response, a call to prayer for a nation in crisis, Saturday, Aug. 6, 2011, in Houston.. (AP Photo/David J. Phillip) (David J. Phillip - AP) Texas Gov. Rick Perry (R) …
Discussion:
GOP 12, Outside the Beltway and Politics
![](/110808/i15.jpg)
Pawlenty changes his approach on health care — He favored exchanges and was ‘open to’ mandates. Then he ran for president. — WASHINGTON - In his presidential campaign autobiography, “Courage to Stand,” former Minnesota Gov. Tim Pawlenty recalls a man in a wheelchair who approached him at an airport in Mankato.
Discussion:
ThinkProgress, Morning Sentinel, Washington Post, Kaiser Health News, Iowa Caucuses and The Politico
Paul Krugman:
A Self-Fulfilling Euro Crisis? (Wonkish) — There will probably be big action in the euro zone tomorrow; so, some quick analytical notes. — The big question, I believe, is whether the Italian and maybe Spanish crises are the kind of thing that might be brought under control by ECB bond purchases.
John Harwood / The Caucus:
Voters Want a Change Politicians Can't Deliver — WASHINGTON — Here is the bad news for President Obama and incumbents in both parties: it can get worse — and stay that way for a long time. — That might sound like catastrophic thinking after Mr. Obama's nerve-jangling birthday week …
Discussion:
Connecting.the.Dots, The Huffington Post and Prairie Weather
Abby Phillip / The Politico:
Duncan to issue ‘No Child’ waivers — Seeing “no clear path” toward reauthorizing the “No Child Left Behind” education law, the Obama administration will unilaterally issue waivers to states, exempting them from some of the law's regulations. — “Today we're less than a month from the start …
Discussion:
New York Magazine
Political Punch:
The Presidential Planner: Obama Spends Monday Behind Closed-Doors — ABC News' Mary Bruce (@marykbruce) reports: — President Obama will spend today in closed-door meetings at the White House, no doubt tackling the fallout from Standard & Poor's decision Friday to downgrade the nation's credit.
Discussion:
Hot Air, Weasel Zippers and JammieWearingFool
![](/110808/i24.jpg)
A.I.G. to Sue Bank of America Over Mortgage Bonds — The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis.
Discussion:
New York Magazine and naked capitalism