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1:35 PM ET, August 7, 2011

memeorandum

 Top Items: 
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
RELATED:
New York Times:
Amid Criticism on Downgrade of U.S., S.&P. Fires Back  —  A day after Standard & Poor's took the unprecedented step of downgrading the creditworthiness of the United States government, the ratings agency offered a full-throated defense of its decision, calling the bitter stand-off between President Obama …
New York Times:
Anger Over Credit Rating Resurfaces in Washington  —  The frustration in the air was palpable.  Officials from the credit ratings agency Standard & Poor's were meeting with Congressional leaders on a stifling late day in late July to discuss the thorniest issue in Washington …
Steve Benen / Washington Monthly:   A timeline of events  —  Let's take a stroll down memory lane, shall we?
Edmund L. Andrews / NationalJournal.com:
Why S&P's Downgrade is No Joke  —  The real impact of S&P's downgrade …
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:
The Daily Beast:
Tea Party's Next Targets  —  Blocking judges and federal appointees and even killing the gas tax might be next for the band of ragtag obstructionist rebels known as the Tea Party.  —  As the nation sweated the very real possibility that America would default on its debt …
Alexander Bolton / The Hill:
Obama's soft response to Tea Party draws liberal criticism
Discussion: CNN and Weasel Zippers
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.
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
Washington Post:
Origins of the debt showdown  —  This article was reported by Lori Montgomery, Paul Kane, Brady Dennis, Alec MacGillis, David Fahrenthold, Rosalind Helderman, Felicia Sonmez and Dan Balz.  It was written by Dennis, MacGillis and Montgomery.  —  In mid-January, newly installed …
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.
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.
Thom Hartmann:
Mainstream Media Ignores S&P Attack On Republicans  —  Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence?  “We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues …
Discussion: Crooks and Liars
Richard Pérez-Peña / New York Times:
Hugh Carey, Who Led Fiscal Rescue of New York City, Is Dead at 92  —  Hugh L. Carey, the governor who helped rescue New York from the brink of financial collapse in the 1970s and tamed a culture of ever-growing spending, died Sunday at his summer home on Shelter Island.  He was 92
Discussion: THE ASTUTE BLOGGERS
 
 
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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
GetEQUAL.org:
Protesters Travel From Across Texas to Picket Hate-Based Event
 Earlier Items: 
Rasmussen Reports:
67% Say Economy Causing Family Stress
Discussion: Scared Monkeys and Weasel Zippers
New York Times:
Shabab Concede Control of Capital to Somalia Government
Kurt Andersen / New York Times:
The Madman Theory  —  I had breakfast this week with one of Hollywood's …