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2:50 AM ET, August 8, 2011

memeorandum

 Top Items: 
David Catanese / The Politico:
Tea Party Nation: The left's killed “a billion people”  —  THIENSVILLE, Wis. — The founder of Tea Party Nation claimed liberal ideology is responsible for “a billion” deaths over the last century during a raucous rally here Saturday in support of one of the six Republican state senators facing a recall election Tuesday.
RELATED:
Doug Powers / Michelle Malkin:
John Kerry and the ‘Tea Party Downgrade’  —  The “Tea Party downgrade” memo has been successfully circulated.  —  First up today is John Kerry.  It's some kind of hilarious to watch a big spending, pro bloated government liberal try to come across like a life-long hawk on cutting deficits …
Julie Mason / The Politico:
Blame, insults traded over credit downgrade on Sunday shows
Discussion: Taylor Marsh and Don Surber
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”
Discussion: The Politico
The Daily Beast:
Tea Party's Next Targets
Discussion: MyDD and Alan Colmes' Liberaland
Patrick Allen / CNBC:
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.
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Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel  —  WASHINGTON — The downgrade of the United States government's credit rating by Standard & Poor's is almost sure to increase pressure on a new Congressional “supercommittee” to mute ideological disagreements and recommend …
Daily Mail:
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.
Glenn Harlan Reynolds / Washington Examiner:
Sunday Reflection: Why the GOP should give Obama the higher taxes he wants  —  Well, the debt deal is behind us, but it's clear that the White House wants more taxes.  Instead of fighting this head-on, the GOP might want to think about future ways of giving President Obama what he says he wants.
RELATED:
Wall Street Journal:
ECB Moves to Prop Up Italy, Spain  —  FRANKFURT—The European Central Bank signaled it would purchase government bonds of Italy and Spain on a large scale, in the most dramatic and controversial escalation of its nearly two-year effort to stem Europe's unfolding debt crisis.
RELATED:
Peter Oborne / blogs.telegraph.co.uk:
In this grave crisis, the world's leaders are terrifyingly out of their depth
Noel Sheppard / NewsBusters.org blogs:
Cokie Roberts on Downgrade: ‘The Problem That We Have Here Is the Constitution’  —  ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera.  —  During a “This Week” discussion about the recent credit rating downgrade …
Catherine Rampell / New York Times:
Second Recession in U.S. Could Be Worse Than First  —  If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.  —  Given the tumult of the Great Recession, this may be hard to believe.
Discussion: The Raw Story
Zachary A. Goldfarb / Washington Post:
Geithner tells Obama he will remain as Treasury secretary  —  Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.
RELATED:
Thomas L. Friedman / New York Times:
Win Together or Lose Together  —  IN the wake of the hugely disappointing budget deal and the S.& P.'s debt downgrade, maybe we need to hang a new sign in the immigration arrival halls at all U.S. ports and airports.  It could simply read: “Welcome.  You are entering the United States of America.
Drew Westen / New York Times:
What Happened to Obama?  —  Drew Westen is a professor of psychology at Emory University and the author of “The Political Brain: The Role of Emotion in Deciding the Fate of the Nation.”  —  Atlanta  —  IT was a blustery day in Washington on Jan. 20, 2009, as it often seems to be on the day of a presidential inauguration.
Blue Texan / Firedoglake:
Rick Perry: In Less Than Three Years, America Has Forgotten God, Needs to Repent  —  Apparently, in the 930 days since Barack Obama became president, the United States has slipped into a dangerous agnosticism, if not outright atheism. … When Christian right-wingers say that America has …
Discussion: NationalJournal.com
Alexander Bolton / The Hill:
S&P executive says it could take over a decade to restore US credit rating  —  John Chambers, the chairman of Standard & Poor's sovereign debt ratings, on Sunday estimated that it could take between 9 and 18 years for the nation to regain its AAA credit rating.
RELATED:
New York Times:
Anger Over Credit Rating Resurfaces in Washington
 
 
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 More Items: 
Jason Linkins / The Huffington Post:
TV SoundOff: Sunday Talking Heads
Discussion: Crooks and Liars
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade
Discussion: Suburban Guerrilla
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?
Discussion: Balloon Juice
 Earlier Items: 
Julie Creswell / New York Times:
Pressing All the Buttons for a Panic Attack
Richard Pérez-Peña / New York Times:
Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92
Discussion: THE ASTUTE BLOGGERS
Janet Daley / Telegraph:
If we are to survive the looming catastrophe, we need to face the truth