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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.”
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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.”

S&P warns of a second downgrade — One day after lowering the nation's platinum triple-A credit rating, Standard & Poor's analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement.
Discussion:
Outside the Beltway


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 …

After historic downgrade, U.S. must address its chronic debt problems
Discussion:
BBC, Guardian and Samizdata.net

TRENDING: GOP candidates slam Obama after downgrade
Discussion:
zerohedge.com/fullrss2.xml, Firedoglake, CBS News, The Politico, AMERICAN FUTURE, Towleroad News #gay, The Hill, Felix Salmon and Daily Kos

Standard and Poors versus Mitch McConnell
Discussion:
The Political Carnival, Jared Bernstein and Free exchange

S&P and the USA — OK, so Standard and Poors has gone ahead …
Discussion:
Crooks and Liars, NewsBusters.org blogs, Daily Kos, Oliver Willis, Politics, Weasel Zippers, FOXBusiness.com, HousingWire, Outside the Beltway, The Atlantic Online, The Mahablog, Hullabaloo, Hit & Run, Shakesville, Washington Post, Suburban Guerrilla, Connecting.the.Dots, Mother Jones and ECHIDNE of the snakes


S&P Strips U.S. of Top Credit Rating
Discussion:
Politics, Guardian, Fortune, Swampland, Corrente, Firedoglake and CNNMoney.com

US loses AAA credit rating after S&P downgrade
Discussion:
Weasel Zippers, Exile On Wall Street, Mother Jones, International Liberty, Hullabaloo and Outside the Beltway

Questions abound after agency downgrades U.S. credit rating
Discussion:
Poynter and Alan Colmes' Liberaland

The Downgrade Begins — As the author of a suitably apocalyptic book …
Discussion:
ThinkProgress, Pajamas Media, Reuters and And So it Goes in Shreveport

Copter Downed by Taliban Fire; Elite U.S. Unit Among Dead — 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 30 Americans, including some Navy Seal commandos …
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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:
Alan Colmes' Liberaland, Wizbang, Power Line, The Moderate Voice, Doug Ross, Weasel Zippers, Telegraph, Runnin' Scared, Moonbattery and Fox News Insider


NATO copter downed; Navy SEALs among the 30 U.S. dead
Discussion:
Guardian, Outside the Beltway, LewRockwell.com Blog and The Moderate Voice

31 Americans, 7 Afghans killed in helicopter crash
Discussion:
The Jawa Report, Wizbang, Sense of Events, Scared Monkeys and Weasel Zippers

31 Americans Killed Including 25 SEALs in Helicopter Crash in Afghanistan
Discussion:
The Long War Journal, American Forces Press Service, Online NewsHour and Gawker


Perry prays for the U.S. — HOUSTON — Texas Gov. Rick Perry prayed with more than 20,000 worshipers at an all-day Christian gathering here — and while he talked about God, not the Oval Office, he repeatedly hit on the themes that would drive his potential presidential campaign.
Discussion:
Runnin' Scared, The Note, JammieWearingFool, Towleroad News #gay and New York Magazine
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Perry Leads Prayer Rally for ‘Nation in Crisis’ — HOUSTON — Standing on a stage surrounded by thousands of fellow Christians on Saturday morning, Gov. Rick Perry called on Jesus to bless and guide the nation's military and political leaders and “those who cannot see the light in the midst of all the darkness.”
Discussion:
New York Magazine, Gawker and Towleroad News #gay

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. …
Discussion:
Power Line, Riehl World View, NewsBusters.org blogs, PERRspectives, Weasel Zippers, JammieWearingFool and Daily Kos

Mystery Romney supporter reveals himself after calls for investigation — Edward Conrad, a former executive at Bain Capital, has revealed himself as the mystery donor who gave a $1 million corporate contribution to a special political action committee supporting Mitt Romney.
Discussion:
The Political Carnival
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Mystery Mitt Romney donor comes forward — The anonymous donor behind the headline-making $1 million contribution to a pro-Mitt Romney super PAC is a former Bain Capital official with long ties to the candidate, who's asking the outside group to amend its filings, POLITICO has learned.
Discussion:
Talking Points Memo, The Raw Story, msnbc.com and TPMDC


Former Obama Economic Adviser on Downgrade: We're ‘Pretty Darn F—ked’ — Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Discussion:
Scared Monkeys, The Gateway Pundit, Breitbart.tv and The Lonely Conservative


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, Nice Deb, PoliPundit.com and Power Line


The Madman Theory — I had breakfast this week with one of Hollywood's most ferocious, self-confident and successful doers of deals. He was still steamed about what an unforgivably lousy negotiator his president had been on the debt ceiling agreement. — One particular Obama move he found appalling above all the rest.