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4:50 PM ET, August 8, 2011

memeorandum

 Top Items: 
The Politico:
Rick Perry to make 2012 intentions clear Saturday  —  Rick Perry intends to use a speech in South Carolina Saturday to make clear that he's running for president, POLITICO has learned.  —  According to two sources familiar with the plan, the Texas governor will remove any doubt …
RELATED:
Michael O'Brien / The Hill:
Perry to visit NH and SC while presidential candidates gather in Iowa
Discussion: CNN, The Note and Pajamas Media
The Note:
Tim Pawlenty: Mine Is ‘Not A Shooting Star Campaign’
Discussion: GOP 12
unionleader.com:
Rick Perry to attend NH house party this Saturday
Discussion: GOP 12, msnbc.com and The Page
Ryan Lizza / New Yorker:
LEAP OF FAITH … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
RELATED:
First Read / msnbc.com:
Bachmann attends church service denouncing homosexuality  —  WAUKEE, IA — Republican presidential candidate Michele Bachmann yesterday attended a church here in Iowa, where the pastor called homosexuality “immoral” and “unnatural,” and later showed a testimonial video from a man who claimed …
Paul Krugman:
Aaauuuggghhh!  Market Commentary Edition  —  Carnage in stock markets as I write — and all of the headlines I see attribute it to S&P's downgrade.  —  They really are trying to make my head explode, aren't they?  —  Once again: S&P declared that US debt is no longer a safe investment …
RELATED:
JeeYeon Park / CNBC:
Stocks Off Lows, Dow Above 11,000; Vix Soars  —  Stocks pared some losses in heavy, choppy trading Monday but were still sharply lower as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing uncertainty over the euro zone crisis.
Josh Marshall / Talking Points Memo:
Disconnect  —  This piece on CNN Money says that “market observers tried to say the downgrade by itself shouldn't matter — that it was expected and that the United States still has a strong credit rating ... But the market wasn't buying it.”  And then it goes on to note that investors are rushing to buy up US Treasuries.
Discussion: CNNMoney.com
New York Times:
Dow Plunges More Than 600 in Sell-Off
Economics of Contempt:
On S&P, Downgrades, and Idiots  —  This is not going to be one of those posts that laments S&P's decision to downgrade the US, but then says that S&P was probably right about our oh-so-dysfunctional political system.  —  No, S&P was flat-out wrong — no caveats.
RELATED:
Alicia M. Cohn / The Hill:
DNC chairwoman blames Tea Party ‘tyrants’ for US credit-rating downgrade
Jeffrey M. Jones / Gallup:
Obama Job Approval 50% or Higher in 16 States and D.C.  —  Idaho residents least approving, at 27%  —  PRINCETON, NJ — Residents of 16 states and the District of Columbia gave President Obama approval ratings of 50% or higher during the first half of 2011, led by the District of Columbia, Connecticut, Maryland, and Delaware.
RELATED:
A.Killough / CNN:
CNN Poll: Obama approval rating remains steady in mid 40s  —  Washington (CNN) - As President Barack Obama stood before cameras Monday afternoon to offer a reassuring assessment of the nation's economy, a new national survey conducted over the weekend indicates that the president's approval rating has held steady.
Discussion: National Review
Jennifer Epstein / The Politico:   Barack Obama on credit rating downgrade: U.S. ‘always will be a triple-A country’
Brianna Keilar / CNN:
Obama says U.S. has ‘always been and always will be a triple-A country’
Discussion: CNNMoney.com and New York Magazine
Michelle Malkin:
The Conservative Crazy Eyes Cliche & Other Stupid MSM Photo Tricks  —  Sigh.  Seriously, Tina Brown?  —  Yes, I'm talking about you, Oxford University-educated Newsweek/Daily Beast editor Tina Brown.  —  You've resorted to recycling bottom-of-the-barrel moonbat photo cliches …
RELATED:
Tommy Christopher / Mediaite:
Does The Michele Bachmann Newsweek Cover Make Her ‘Look Crazy’?
Discussion: Gawker and Runnin' Scared
Rasmussen Reports:
Iowa Caucus: Bachmann, Romney and Paul on Top
Rasmussen Reports:
29% Say Tea Party Members Are Terrorists, 55% Disagree
The Daily Beast:
Hillary Told You So  —  As Democratic disgust with Obama's debt fumbling spreads, Clinton supporters recall her ‘3 a.m. phone call’ warnings—and angry, frustrated liberals are muttering that she should mount a 2012 challenge.  —  At a New York political event last week …
RELATED:
Ross Douthat / New York Times:
Waiting For A Landslide  —  In 1955, a political scientist named V. O. Key published an essay entitled “A Theory of Critical Elections.”  He argued that realignments in American politics are usually punctuated by transformative elections, in which the old order suddenly gives way and a new majority emerges in its place.
Jennifer Rubin / Washington Post:
Obama's horrifyingly bad speech  —  He was a half hour late.  His head turned from side to side as if he were attending a tennis match.  He practically never looked in the camera, as if he were averting our gaze.  And those were the strong parts of President Obama's disastrous speech.
Molly K. Hooper / The Hill:
House leaders end page program  —  House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) announced they were ending the House page program.  —  As of Aug. 31, the program — which employs nearly 70 high school students to serve as messengers and couriers …
Discussion: The Politico and New York Magazine
New York Times:
A.I.G. Sues Bank of America Over Mortgage Bonds  —  The American International Group sued Bank of America on Monday over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis.
RELATED:
Reuters:
AIG sues BofA for $10 billion alleging “massive fraud”
Discussion: The Atlantic Online and Guardian
Paul Krugman:
It's a Growth Scare  —  FTalphaville has been saying this all day, and it's right.  The action in the markets looks nothing like worries about US solvency; it looks exactly like what you expect to see when markets suddenly realize that the economy's growth prospects look terrible.
Discussion: Grasping Reality …
Matthew Yglesias / ThinkProgress:
Poor People Own Appliances Because They're Cheap  —  My colleagues Melissa Boteach and Donna Cooper have a great piece on the Heritage Foundation's “poor people aren't actually poor because they own cheap electronics” theory of poverty.  This infographic nicely highlights the silliness …
Discussion: Eschaton
John R. Bolton / Human Events:
On Deck: Why I May Run for President  —  Adam Smith wrote in The Wealth of Nations that “the first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of a military force.”
Jennifer Rubin / Washington Post:
Job participation  —  The White House and much of the chattering class cooed on Friday when unemployment dropped to 9.1 percent and 117,000 jobs were reportedly created in July.  But these numbers, upon closer inspection, show no progress on the jobs front.
Discussion: Hit & Run
 
 
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 More Items: 
Molly O'Toole / Reuters:
Obama administration to offer No Child Left Behind waivers
Washington Examiner:
S&P cuts Fannie and Freddie credit rating
Sam Baker / Healthwatch:
Study: New Medicaid patients more expensive than current beneficiaries
Discussion: ThinkProgress
Shira Ovide / Deal Journal:
Berkshire, Other Insurers Get ‘Negative’ Tag from S&P
Justin Elliott / Salon:
The abortion that Mitt doesn't talk about anymore
Discussion: TBogg
 Earlier Items: 
Kevin Drum / Mother Jones:
The Price of Rural Life
Discussion: ThinkProgress and Washington Post
CNN:
Racially motivated attack on video
Emily Schultheis / Ben Smith's Blog:
Bachmann disavows labor bill, cites ‘bad information’
Discussion: Daily Kos
Matthew Yglesias / ThinkProgress:
The Unappeasable Financial Markets
Discussion: Firedoglake and Modeled Behavior
Carol E. Lee / Washington Wire:
Axelrod Hits Romney, Calling Reaction to S&P Downgrade ‘Pathetic’
Walter Russell Mead / Via Meadia:
American Tinderbox  —  For some time now, residents of some US cities …
 

 
From Techmeme:

TechCrunch:
Meta says it is testing its Meta AI chatbot with WhatsApp, Instagram, and Messenger users in India and parts of Africa

Ken Yeung / VentureBeat:
Elon Musk's xAI previews Grok-1.5 Vision, its first multimodal model, and says the AI model will be available soon to “early testers and existing Grok users”

Wes Davis / The Verge:
Bluesky says it is now allowing heads of state to sign up, and adds features including hashtags in profile bios and the ability to long press a link to share

 
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