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3:00 PM ET, August 7, 2011

memeorandum

 Top Items: 
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.
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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
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: The Politico and JammieWearingFool
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
The Daily Beast:
Tea Party's Next Targets
New York Times:
Anger Over Credit Rating Resurfaces in Washington
Discussion: Guardian, Prairie Weather and Daily Kos
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 …
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.
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  —  Met police commander Adrian Hanstock says situation in north London suburb ‘escalated out of all proportion’  —  The Metropolitan police has admitted it “had not anticipated” the extreme violence that saw police attacked …
Discussion: Blogcritics and The Moderate Voice
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.
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
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 and Gothamist
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: 
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
Washington Post:
Origins of the debt showdown
 Earlier Items: 
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
Rasmussen Reports:
67% Say Economy Causing Family Stress
Discussion: Scared Monkeys and Weasel Zippers
Kurt Andersen / New York Times:
The Madman Theory  —  I had breakfast this week with one of Hollywood's …