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
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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 …
Discussion:
New York Magazine, Money & Company, Reuters, Hullabaloo, State of the Union and The Curious Capitalist
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 …
Discussion:
Guardian, The Caucus, Prairie Weather and Daily Kos
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 …
Why S&P's Downgrade is No Joke — The real impact of S&P's downgrade …
Discussion:
The Moderate Voice and Washington Monthly
John Bellows / U.S. Department of the Treasury:
Just the Facts: S&P's $2 Trillion Mistake
Just the Facts: S&P's $2 Trillion Mistake
Discussion:
The Atlantic Online, Paul Krugman, Politics, TalkLeft, Jared Bernstein, Economics One, Guardian, The Gateway Pundit, Ben Smith's Blog, Fortune and FOXBusiness.com
Greg Sargent / Washington Post:
Standard and Poors versus Mitch McConnell
Standard and Poors versus Mitch McConnell
Discussion:
Washington Monthly, The Moderate Voice, The Political Carnival, Jared Bernstein and Daily Kos
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.
Discussion:
Alan Colmes' Liberaland, The Political Carnival, The Raw Story and Mediaite
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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 …
Discussion:
Alan Colmes' Liberaland and The Political Carnival
Alexander Bolton / The Hill:
Obama's soft response to Tea Party draws liberal criticism
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.
Discussion:
ThinkProgress, Power Line, Paul Krugman, Connecting.the.Dots and Corrente
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
Discussion:
American Power, Hot Air and National Review
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 …
Discussion:
Booman Tribune, Taylor Marsh and Prairie Weather
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.
Discussion:
The Big Picture and Prairie Weather
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.
Discussion:
Telegraph, Guardian, The Moderate Voice, msnbc.com and Zandar Versus The Stupid
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