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3:50 PM ET, August 7, 2011

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Julie Mason / The Politico:
Blame, insults traded over credit downgrade on Sunday shows  —  The bleaker effects of the nation's credit downgrade could be clearer Monday when the markets open, but Sunday's back-and-forth on morning news shows over where to stick the blame was a grim portent of prospects for a bipartisan solution.
Discussion: Taylor Marsh
Meghashyam Mali / The Hill:
Axelrod: This was a ‘tea party downgrade’  —  Top Obama strategist David Axelrod criticized Republicans over their handling of the debt-ceiling negotiations which he argued led to Standard & Poor's decision to downgrade the nation's credit rating Friday.  —  This was a “tea party downgrade,” said Axelrod on CBS News' Face the Nation.
Discussion: JammieWearingFool
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”  —  PLAY CBS NEWS VIDEO  —  Former White House adviser David Axelrod on Sunday pinned responsibility for the recent U.S. economic downgrade on the Tea Party movement, arguing that the group's political “brinksmanship” during debt ceiling negotiations …
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Discussion: Hot Air and The Daily Caller
The Daily Beast:
Tea Party's Next Targets
Alexander Bolton / The Hill:
Obama's soft response to Tea Party draws liberal criticism
Discussion: CNN and Weasel Zippers
Steve Benen / Washington Monthly:
The worst thing the GOP has ever done?  —  I was on a radio show recently talking about the debt-ceiling hostage standoff and was asked whether this was the worst thing Republicans — or any major party, really — have ever done.  The more I think about it, the more the question resonates with me.
Discussion: Balloon Juice
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Seung Min Kim / The Politico:
S&P rating: ‘Outrageous’, ‘nothing good to say’  —  Outrage over Standard & Poor's downgrade of the United States' credit rating extended to both sides of the political aisle on Sunday.  —  Steve Forbes, CEO of Forbes Inc. and a former Republican presidential contender …
Discussion: ThinkProgress
Steve Benen / Washington Monthly:
A timeline of events  —  Let's take a stroll down memory lane, shall we?
Discussion: The Reaction
Edmund L. Andrews / NationalJournal.com:
Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade …
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.
Alexander Bolton / The Hill:
S&P executive: 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.  —  Chambers said the credit agency …
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New York Times:
Anger Over Credit Rating Resurfaces in Washington
Discussion: Guardian, Prairie Weather and Daily Kos
Jim Hoft / The Gateway Pundit:
The 18 Countries With a Better Credit Rating Than the United States
Discussion: Israel Matzav
BBC:
London riots: Dozens injured after Tottenham violence  —  Clasford Stirling, a resident of Tottenham for 32 years, said the area looked like a battlefield  —  More than 40 people have been arrested after rioting saw police attacked, buildings looted and vehicles set alight in Tottenham, north London.
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Guardian:
Tottenham riots: police ‘had not anticipated’ extreme violence
Discussion: Blogcritics and The Moderate Voice
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.
Discussion: The Other McCain
Julie Creswell / New York Times:
Pressing All the Buttons for a Panic Attack  —  BRADLEY ALFORD, a money manager in Atlanta, just hit the panic button.  —  No, really.  Mr. Alford just hit the key on his computer that initiates the Wall Street equivalent of the nuclear option: Sell everything.
Janet Daley / Telegraph:
If we are to survive the looming catastrophe, we need to face the truth  —  The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes, says Janet Daley.  —  Getting it right: the Tea Party recognised where America's policies were heading
Maureen Dowd / New York Times:
Downgrade Blues  —  BARACK OBAMA must wonder sometimes if his luck has run out.  —  Maybe he used it all up in 2008.  —  “Yes, we can!” has devolved into “Hey, we might.”  —  “When I said, ‘Change we can believe in,’ I didn't say, ‘Change we can believe in tomorrow,’ ” he told an audience at a Chicago fund-raiser on Wednesday.
Peter Oborne / blogs.telegraph.co.uk:
In this grave crisis, the world's leaders are terrifyingly out of their depth  —  Ineffectual: an emergency telephone conference among the G7 finance ministers feels as relevant as a Bourbon family get-together in the summer of 1789  —  Certain years have gone down in history as great global turning points …
Discussion: National Review
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 More Items: 
Alex Seitz-Wald / ThinkProgress:
Paul Ryan Signals Willingness To Raise Revenues, Shifting Positions Following Downgrade
Ezekiel J. Emanuel / New York Times:
Shortchanging Cancer Patients
Discussion: Cafe Hayek
Thom Hartmann:
Mainstream Media Ignores S&P Attack On Republicans
Discussion: Crooks and Liars
Richard Pérez-Peña / New York Times:
Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92
Discussion: THE ASTUTE BLOGGERS and Gothamist
 Earlier Items: 
Washington Post:
Origins of the debt showdown
Mark Tapscott / Washington Examiner:
Wisconsin Democratic Party flak threatens to sic union bullies on independent news group
Washington Examiner:
Obama won't escape blame for credit downgrade
Discussion: Hot Air and The Impolitic