Top Items:
Paul Krugman / New York Times:
Credibility, Chutzpah And Debt — To understand the furor over the decision by Standard & Poor's, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was.
Discussion:
It's All Trivial …, Politics, Associated Press, Firedoglake, The Gateway Pundit and The Atlantic Online
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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.
Discussion:
Felix Salmon, Paul Krugman, American Spectator, Wizbang, NewsBusters.org blogs, Politics and TalkLeft
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Blame, insults traded over credit downgrade on Sunday shows
Discussion:
Connecting.the.Dots, Taylor Marsh, Don Surber, The Hill and JammieWearingFool
Katrina Trinko / National Review:
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Discussion:
The Daily Caller, Wizbang, Hot Air and Don Surber
Lucy Madison / CBS News:
Axelrod: This is a “Tea Party downgrade”
Axelrod: This is a “Tea Party downgrade”
Discussion:
American Spectator, Taylor Marsh and The Politico
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No Chance of Default, US Can Print Money: Greenspan — Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. — “The United States can pay any debt it has because we can always print money to do that.
Discussion:
NewsBusters.org, Weasel Zippers and LewRockwell.com Blog
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Robert Pear / New York Times:
S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel — WASHINGTON — The downgrade of the United States government's credit rating by Standard & Poor's is almost sure to increase pressure on a new Congressional “supercommittee” to mute ideological disagreements and recommend …
David Jolly / New York Times:
European Intervention Buoys Italy and Spain — PARIS — The interest rates on Spanish and Italian bonds plummeted Monday after the European Central Bank expanded its purchases of government debt to support Madrid and Rome for the first time. — Stocks, however, fell in Europe and Asia …
Discussion:
Money & Company, THE ASTUTE BLOGGERS and The Page
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Paul Krugman:
A Self-Fulfilling Euro Crisis? (Wonkish)
A Self-Fulfilling Euro Crisis? (Wonkish)
Discussion:
Financial Times, It's All Trivial …, Marginal Revolution and FT Alphaville
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ECB Moves to Prop Up Italy, Spain
Discussion:
Reuters, naked capitalism, Pajamas Media, Credit Writedowns, Calculated Risk and Telegraph
Jack Ewing / New York Times:
Global Finance Leaders Pledge Bold Action to Calm Markets
Global Finance Leaders Pledge Bold Action to Calm Markets
Discussion:
DealBook, VentureBeat and The Page
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Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’ — Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
Discussion:
Alan Colmes' Liberaland and Pajamas Media
Catherine Rampell / New York Times:
Second Recession in U.S. Could Be Worse Than First — If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around. — Given the tumult of the Great Recession, this may be hard to believe.
Discussion:
The Raw Story
David Catanese / The Politico:
Wis. Dem memo: Victory predictions “dangerous” — MADISON Wis. — Democrats on the ground here are increasingly confident they will pick-up two state Senate seats, but are warning that winning the third necessary for a takeover is a tenuous prospect. — Despite hype from some in the party apparatus …
Discussion:
National Review
Marie Colvin / TheAustralian:
Sharia execution urged for Mubarak — THE spokesman for Egypt's Muslim Brotherhood, which portrays itself as a moderate Islamic movement, has called for execution and hand amputations if the Mubaraks are found guilty of murder and corruption. — “If a man has stolen millions of the state's money …
Discussion:
Weasel Zippers, Jihad Watch, The Gateway Pundit and Atlas Shrugs
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Pawlenty changes his approach on health care — He favored exchanges and was ‘open to’ mandates. Then he ran for president. — WASHINGTON - In his presidential campaign autobiography, “Courage to Stand,” former Minnesota Gov. Tim Pawlenty recalls a man in a wheelchair who approached him at an airport in Mankato.
Discussion:
Kaiser Health News, Morning Sentinel, Washington Post and Iowa Caucuses
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Mark O. Hatfield, Republican Champion of Liberal Causes, Dies at 89 — Mark O. Hatfield, a liberal Republican who challenged his party's positions on the Vietnam War and on a balanced-budget amendment to the Constitution during his 30 years as a Senator from Oregon, died on Sunday. He was 89.
Discussion:
Outside the Beltway and The Page
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Cokie Roberts on Downgrade: ‘The Problem That We Have Here Is the Constitution’ — ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera. — During a “This Week” discussion about the recent credit rating downgrade …
Discussion:
Big Government, Booman Tribune, The Right Scoop and AMERICAN DIGEST
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Michele Bachmann's development and formation — 1. Solid team. She's surrounded herself with professionals, including a debate and speech coach that led Jerry Falwell's Liberty University to tops in the nation. The coach has also worked with Palin, McCain, and George W. Bush.
Discussion:
The Note, New Yorker and The Daily Caller
New York Times:
Palestinians and the U.N. — In little more than a month, the Palestinians are expected to ask the United Nations to recognize their state. We have sympathy for their yearning and their frustration. For years, they have been promised a negotiated solution — President Obama called …
Discussion:
Israel Matzav and Pajamas Media
Zachary A. Goldfarb / Washington Post:
Geithner tells Obama he will remain as Treasury secretary — Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.
Discussion:
The Politico, Scared Monkeys, JammieWearingFool, Sky Dancing, Balloon Juice, New York Magazine and White House Dossier
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Ben White / The Politico:
Timothy Geithner to stay at Treasury
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, Pajamas Media, The Lonely Conservative and No Left Turns
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