Top Items:
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.”
Discussion:
Washington Monthly, The Reality-Based Community and The Politico
RELATED:
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 …
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.”
Discussion:
CNN
Kevinliptak / CNN:
TRENDING: GOP candidates slam Obama after downgrade — Washington (CNN) - Republican presidential candidates issued harsh criticism of President Barack Obama Friday after the credit rating agency Standard and Poor's announced it was downgrading America's long-term debt status.
Discussion:
Firedoglake, The Politico, AMERICAN FUTURE and Towleroad News #gay
Damian Paletta / Wall Street Journal:
Math Error Fuels Fight Over Rating — A mathematical error discovered late Friday by Treasury Department officials threw into limbo, at least temporarily, plans by ratings firm Standard & Poor's to downgrade the top-notch AAA credit rating the U.S. has held for 70 years, people familiar with the matter said.
standardandpoors.com:
United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative … TORONTO (Standard & Poor's) Aug. 5, 2011—Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’.
New York Times:
S.&P. Downgrades Debt Rating of U.S. For the First Time — WASHINGTON — Standard & Poor's removed the United States government from its list of risk-free borrowers for the first time on Friday night, a downgrade that is freighted with symbolic significance but carries few clear financial implications.
Robert Reich:
Why S&P Has No Business Downgrading the U.S.
Why S&P Has No Business Downgrading the U.S.
Discussion:
Balloon Juice and Bark Bark Woof Woof
Noel Sheppard / NewsBusters.org blogs:
Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’
Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’
Discussion:
Breitbart.tv, The Lonely Conservative and The Gateway Pundit
Wall Street Journal:
S&P Strips U.S. of Top Credit Rating
S&P Strips U.S. of Top Credit Rating
Discussion:
Guardian, Swampland, Firedoglake and Corrente
Walter Brandimarte / Reuters:
United States loses AAA credit rating from S&P
United States loses AAA credit rating from S&P
Discussion:
Hot Air, Firedoglake, UPI, Dow Jones Newswires, CNNMoney.com, Pajamas Media, Conservatives4Palin, ThinkProgress, Guardian, CBS News, Outside the Beltway, National Review, The Reality-Based Community, Daily Kos, The Moderate Voice, TalkLeft, blogs.abcnews.com, Hugh Hewitt's TownHall Blog, The Right Scoop, The Agonist, Donklephant and Jared Bernstein
Matthew Yglesias / ThinkProgress:
Boehner's Folly Leads To S&P Downgrade of US Debt
Boehner's Folly Leads To S&P Downgrade of US Debt
Discussion:
Alan Colmes' Liberaland and HotAirPundit
Jamie Klatell / The Hill:
Reid: S&P downgrade backs Dems' call for more revenue
Reid: S&P downgrade backs Dems' call for more revenue
Discussion:
Michelle Malkin, Weasel Zippers and JammieWearingFool
John Detrixhe / Bloomberg:
S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact
S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact
Discussion:
naked capitalism, Wizbang, Discourse.net, The New Civil Rights Movement, Gothamist, The Huffington Post and Pajamas Media
Felix Salmon:
Why the S&P downgrade was delayed
Why the S&P downgrade was delayed
Discussion:
Mother Jones, Balloon Juice, MarketBeat, FT Alphaville and Politics
Ezra Klein / Washington Post:
Five thoughts on the potential S&P downgrade
Five thoughts on the potential S&P downgrade
Discussion:
Hullabaloo, Crooks and Liars, The Atlantic Online, Marginal Revolution and FT Alphaville
Tyler Durden / zerohedge.com/fullrss2.xml:
S&P Downgrades US To AA+, Outlook Negative - Full Text
S&P Downgrades US To AA+, Outlook Negative - Full Text
Discussion:
Doug Ross, FrumForum, Sky Dancing, Atlas Shrugs, Hot Air, Pajamas Media and ECHIDNE of the snakes
New York Times:
31 Americans Killed as Taliban Shoot Down a Copter — 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 31 Americans and 7 Afghan commandos on board, American and Afghan officials said.
Discussion:
Atlas Shrugs, Iowa Caucuses, Hot Air, msnbc.com, The Gateway Pundit, New York Magazine, Politics, Gothamist, emptywheel, The Agonist, HotAirPundit and americanthinker.com
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 …
Discussion:
The Moderate Voice, Power Line, Weasel Zippers and Fox News Insider
Kevin Sieff / Washington Post:
NATO copter shot down; dozens of U.S. troops killed — KABUL — A NATO helicopter was shot down during an overnight operation against the Taliban in eastern Afghanistan, a U.S. official said. The crash appeared to be the deadliest incident for the coalition in the nearly 10-year-old war …
Discussion:
Firedoglake, CNN, BBC, Guardian, The Moderate Voice and Outside the Beltway
Solomon Moore / Associated Press:
31 Americans, 7 Afghans killed in helicopter crash
31 Americans, 7 Afghans killed in helicopter crash
Discussion:
The Jawa Report, Sense of Events, Scared Monkeys, Wizbang and Weasel Zippers
Martha Raddatz / ABCNEWS:
31 Americans Killed Including 25 SEALs in Helicopter Crash in Afghanistan
31 Americans Killed Including 25 SEALs in Helicopter Crash in Afghanistan
Discussion:
The Long War Journal and Gawker
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 …
Discussion:
BBC, The Moderate Voice, Sydney Morning Herald, americanthinker.com and The Political Carnival
RELATED:
David Barboza / New York Times:
China Tells U.S. It Must ‘Cure Its Addiction to Debt’
China Tells U.S. It Must ‘Cure Its Addiction to Debt’
Discussion:
ThinkProgress, Outside the Beltway, Balkinization, Hugh Hewitt's TownHall Blog and China Digital Times
CNN:
Questions abound after agency downgrades U.S. credit rating
Questions abound after agency downgrades U.S. credit rating
Discussion:
Xinhua News Agency, Alan Colmes' Liberaland and Poynter
Thomas W. Lippman / Washington Post:
Washington's uneasy alliance with Bahrain
Washington's uneasy alliance with Bahrain
Discussion:
Eunomia and The Daily Dish
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. …
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
Joseph Rago / Wall Street Journal:
Obama and the Narcissism of Big Differences — ‘He becomes visibly agitated. . . . He does not like to be challenged on policy grounds,’ says the House majority leader of the president. — New York — Whatever the rhetoric that preceded this week's deal, the debt-ceiling debate was never really about the debt at all.
Discussion:
Hot Air, Power Line and PoliPundit.com