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3:25 PM ET, August 6, 2011

memeorandum

 Top Items: 
Ezra Klein / Washington Post:
Standard & Poor's has been wrong before.  But they're right now.  —  Standard Poor's decision to downgrade the United States has led to a lot of criticism of Standard Poor's.  The White House called their performance, which included a miscalculation of about $2 trillion, “amateur hour.”
RELATED:
Paul Krugman:
S&P and the USA  —  OK, so Standard and Poors has gone ahead with the threatened downgrade.  It's a strange situation.  —  On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation.  And yes, it is the madness of the right …
Jamie Klatell / The Hill:
White House: S&P downgrade is why Obama ‘pushed for grand bargain’  —  The White House reacted to the Standard & Poor's downgrade of the U.S. credit rating by calling for more bipartisan compromise to “put our nation on a stronger fiscal footing.”  —  But the administration didn't miss the chance to say, in essence, “I told you so.”
Discussion: CNN
Kevinliptak / CNN:
TRENDING: GOP candidates slam Obama after downgrade  —  Washington (CNN) - Republican presidential candidates issued harsh criticism of President Barack Obama Friday after the credit rating agency Standard and Poor's announced it was downgrading America's long-term debt status.
standardandpoors.com:
United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative … TORONTO (Standard & Poor's) Aug. 5, 2011—Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’.
Damian Paletta / Wall Street Journal:
Math Error Fuels Fight Over Rating
Robert Reich:
Why S&P Has No Business Downgrading the U.S.
Walter Brandimarte / Reuters:
United States loses AAA credit rating from S&P
New York Times:
31 Americans Killed as Taliban Shoot Down a Copter  —  KABUL, Afghanistan — In the deadliest day for American forces in the nearly decade-long war in Afghanistan, insurgents shot down a Chinook transport helicopter on Saturday, killing 31 Americans and 7 Afghan commandos on board, American and Afghan officials said.
RELATED:
Associated Press:
Helicopter Crash in Afghanistan Kills Members of SEAL Team 6  —  WASHINGTON — The Associated Press has learned that more than 20 Navy SEALs from the unit that killed Osama bin Laden were among those lost in a helicopter crash in Afghanistan.  —  The operators from SEAL Team Six were flown …
Kevin Sieff / Washington Post:
NATO copter shot down; dozens of U.S. troops killed
Martha Raddatz / ABCNEWS:
31 Americans Killed Including 25 SEALs in Helicopter Crash in Afghanistan
Discussion: The Long War Journal and Gawker
Reuters:
China tells U.S. “good old days” of borrowing are over  —  (Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over.  —  Standard & Poor's cut the U.S. long-term credit rating …
RELATED:
David Barboza / New York Times:
China Tells U.S. It Must ‘Cure Its Addiction to Debt’  —  SHANGHAI — China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor's downgraded America's long-term debt.
Thomas W. Lippman / Washington Post:
Washington's uneasy alliance with Bahrain
Discussion: Eunomia and The Daily Dish
Joe Nocera / New York Times:
The Tea Party, Take Two  —  In the four months since I began writing an Op-Ed column, the thing that has most surprised me is how darned liberal I sound sometimes.  I know that seems like a strange thing to say, so let me explain.  —  Growing up in heavily Democratic Providence, R.I. …
Kasie Hunt / The Politico:
Perry prays for the U.S.  —  HOUSTON — Texas Gov. Rick Perry prayed with more than 20,000 worshipers at an all-day Christian gathering here — and while he talked about God, not the Oval Office, he repeatedly hit on the themes that would drive his potential presidential campaign.
Discussion: Runnin' Scared and The Note
RELATED:
Michael O'Brien / Ballot Box:
Perry's prayer gathering sets stage for national attention
Discussion: The Note
William A. Jacobson / Le·gal In·sur·rec· tion:
Widener Law School goes Soviet, demands law professor undergo psychiatric evaluation  —  Lawrence Connell is a tenured law professor at Widener Law School in Delaware.  I have noted in prior posts that Connell was accused of a wide range of racist and sexist conduct directed at students …
Discussion: The Volokh Conspiracy
Joseph Rago / Wall Street Journal:
Obama and the Narcissism of Big Differences  —  ‘He becomes visibly agitated. . . . He does not like to be challenged on policy grounds,’ says the House majority leader of the president.  —  New York  —  Whatever the rhetoric that preceded this week's deal, the debt-ceiling debate was never really about the debt at all.
Discussion: Hot Air, PoliPundit.com and Power Line
Alexander Bolton / Ballot Box:
Mystery Romney supporter reveals himself after calls for investigation  —  Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.
 
 
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 More Items: 
CBC News:
Japan marks Hiroshima anniversary
Discussion: The Moderate Voice
Thomas Erdbrink / Washington Post:
Iran's rich eat ice cream covered in gold as poor struggle to survive
Discussion: Outside the Beltway and Sadly, No!
Geoff Earle / New York Post:
Probers eye Meeks rap over 40G ‘loan’
The Investigative Project on Terrorism:
CAIR Rep Speaks on Hamas TV
Discussion: Weasel Zippers
Leary / nation.foxnews.com:
Message to John Kerry: Quit Whining
Discussion: Crooks and Liars
 Earlier Items: 
Michael M. Grynbaum / City Room:
Port Authority Seeks Big Toll Increase
Larry O'Connor / Breitbart.tv:
Obama 2009: Economy is My Responsibility vs. Obama 2011: Economy is Shared Responsibility
Matthew Yglesias / ThinkProgress:
Boehner's Folly Leads To S&P Downgrade of US Debt