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6:05 PM ET, August 6, 2011

memeorandum

 Top Items: 
Josh Boak / The Politico:
S&P warns of a second downgrade  —  One day after lowering the nation's platinum triple-A credit rating, Standard & Poor's analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.
Discussion: Outside the Beltway
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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.”
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.”
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 …
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
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
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:
Xinhua News Agency:
After historic downgrade, U.S. must address its chronic debt problems
Discussion: BBC, Guardian and Samizdata.net
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’  —  HOUSTON — Standing on a stage surrounded by thousands of fellow Christians on Saturday morning, Gov. Rick Perry called on Jesus to bless and guide the nation's military and political leaders and “those who cannot see the light in the midst of all the darkness.”
Discussion: Gawker and Towleroad News #gay
Michael O'Brien / Ballot Box:
Perry's prayer gathering sets stage for national attention
Discussion: CNN and The Note
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. …
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: The Raw Story, msnbc.com and TPMDC
RELATED:
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.
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+.
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
 
 
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Kurt Andersen / New York Times:
The Madman Theory  —  I had breakfast this week with one of Hollywood's …
Stephen Clark / Fox News:
Pelosi's Energy Savings Program Evaporates
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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
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Probers eye Meeks rap over 40G ‘loan’
 Earlier Items: 
The Investigative Project on Terrorism:
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Joseph Rago / Wall Street Journal:
Obama and the Narcissism of Big Differences
Discussion: Hot Air, PoliPundit.com and Power Line
Ed Morrissey / Hot Air:
Hypocrisy, irony, and the New Civility
Discussion: Don Surber, Popehat and AmSpecBlog