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5:30 PM ET, August 6, 2011

memeorandum

 Top Items: 
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.”
RELATED:
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.”
Noel Sheppard / NewsBusters.org blogs:
Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’  —  Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
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 …
Josh Boak / The Politico:
S&P warns of a second downgrade
Discussion: Outside the Beltway
New York Times:
S.& P. Downgrades Debt Rating of U.S. for the First Time
standardandpoors.com:
United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative
Damian Paletta / Wall Street Journal:
Math Error Fuels Fight Over Rating
New York Times:
Copter Downed by Taliban Fire; Elite U.S. Unit Among Dead  —  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 30 Americans, including some Navy Seal commandos …
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 downed; Navy SEALs among the 30 U.S. dead  —  Romeo Gacad/AFP/Getty Images - In this file photo, a Chinook helicopter lands at a base in southern Afghanistan.  Thirty-one U.S. service members and eight Afghan troops died when a Taliban insurgent shot down their NATO helicopter, a Chinook, on Aug. 6, 2011.
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:
Thomas W. Lippman / Washington Post:
Washington's uneasy alliance with Bahrain
Discussion: Eunomia and The Daily Dish
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.
RELATED:
Manny Fernandez / New York Times:
Perry Leads Prayer Rally for ‘Nation in Crisis’
Discussion: Towleroad News #gay
Michael O'Brien / Ballot Box:
Perry's prayer gathering sets stage for national attention
Discussion: The Note
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.
RELATED:
Maggie Haberman / The Politico:
Mystery Mitt Romney donor comes forward  —  The anonymous donor behind the headline-making $1 million contribution to a pro-Mitt Romney super PAC is a former Bain Capital official with long ties to the candidate, who's asking the outside group to amend its filings, POLITICO has learned.
Discussion: msnbc.com and TPMDC
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. …
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 and Althouse
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
 
 
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 More Items: 
Floyd Norris / New York Times:
As Corporate Profits Rise, Workers' Income Declines
Discussion: Hullabaloo
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
 Earlier Items: 
Leary / nation.foxnews.com:
Message to John Kerry: Quit Whining
Discussion: Raw Replay
Ed Morrissey / Hot Air:
Hypocrisy, irony, and the New Civility
Discussion: Don Surber, Popehat and AmSpecBlog
Larry O'Connor / Breitbart.tv:
Obama 2009: Economy is My Responsibility vs. Obama 2011: Economy is Shared Responsibility