Top Items:
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 …
Discussion:
Gawker, Wonkette, AMERICAblog News, Modeled Behavior, Economist's View and Talking Points Memo
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 …
Disconnect — This piece on CNN Money says that “market …
Discussion:
CNNMoney.com
Ken Sweet / CNNMoney.com:
Stocks: ‘Sell first, ask questions later’
Stocks: ‘Sell first, ask questions later’
Discussion:
ABCNEWS, The Moderate Voice, CNN, Online NewsHour, This Just In, Global Public Square and Runnin' Scared
Ryan Vlastelica / Reuters:
Wall Street plummets as fear jumps on historic downgrade
Wall Street plummets as fear jumps on historic downgrade
Discussion:
Little Green Footballs and Bloomberg
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 …
Discussion:
The Note, unionleader.com, Rasmussen Reports, Washington Post, The Caucus, AmSpecBlog, Hot Air, USA Today, Austin American-Statesman, Wonkette, CNN, Democracy in America, The Daily Caller, Daily Kos, TPMDC, The Raw Story, The Washington Independent, PoliTex, Outside the Beltway, The Jawa Report, GOP 12, Gawker, 2012 Campaign Trail Report, Iowa Caucuses, The Page, New York Magazine, Joe. My. God., National Review and msnbc.com, more at Mediagazer »
RELATED:
Jon Ward / The Huffington Post:
Mitt Romney: Obama Is ‘Out Of His Depth,’ The Nation's Security Is At Risk
Mitt Romney: Obama Is ‘Out Of His Depth,’ The Nation's Security Is At Risk
Discussion:
ABCNEWS, Washington Wire and Taylor Marsh
Danny Yadron / Washington Wire:
Romney on S&P Move: 'I Don't Think It's Simply the President's Fault'
Romney on S&P Move: 'I Don't Think It's Simply the President's Fault'
Discussion:
Mitt Romney for President … and PoliticusUSA
Michael O'Brien / The Hill:
Perry to visit NH and SC while presidential candidates gather in Iowa
Perry to visit NH and SC while presidential candidates gather in Iowa
Discussion:
The Note, CNN, Pajamas Media 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
Discussion:
ThinkProgress, Salon, Concord Monitor, New York Magazine, Outside the Beltway, Mediaite, Politics, msnbc.com, The Wire, The Reaction, TPMDC, The Raw Story, Coffee & Markets, Firedoglake, Iowa Caucuses, GOP 12, Towleroad News #gay, The Politico, The New Republic, FrumForum, Right Wing Watch, Balloon Juice and The Daily Caller
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 …
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’?
Does The Michele Bachmann Newsweek Cover Make Her ‘Look Crazy’?
Discussion:
Gawker and Runnin' Scared
Caroline May / The Daily Caller:
The National Organization for Women defends Bachmann against Newsweek
The National Organization for Women defends Bachmann against Newsweek
Discussion:
Washington Post and Weasel Zippers
Leary / nation.foxnews.com:
NOW Defends Bachmann Against Newsweek
NOW Defends Bachmann Against Newsweek
Discussion:
Pajamas Media, GOP 12 and Sister Toldjah
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:
Washington Post, Firedoglake, No More Mister Nice Blog, The Moderate Voice, The Huffington Post, peoplesworld, Hullabaloo, Democracy in America, Modeled Behavior, Associated Press, Free exchange, Paul Krugman, Felix Salmon, American Spectator, AmSpecBlog, Wizbang, NewsBusters.org blogs and Politics
RELATED:
Alex Seitz-Wald / ThinkProgress:
Allen West Claims S&P Downgrade ‘Has Nothing To Do With Increasing Revenues’ — S&P Disagrees
Allen West Claims S&P Downgrade ‘Has Nothing To Do With Increasing Revenues’ — S&P Disagrees
Discussion:
Washington Monthly, The Reaction, The Raw Story and Daily Kos
Alicia M. Cohn / The Hill:
DNC chairwoman blames Tea Party ‘tyrants’ for US credit-rating downgrade
DNC chairwoman blames Tea Party ‘tyrants’ for US credit-rating downgrade
Discussion:
The Moderate Voice, RedState, NewsBusters.org blogs and Weasel Zippers
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:
Steve Benen / Washington Monthly:
The Westen piece — It's not exactly a secret that there is …
The Westen piece — It's not exactly a secret that there is …
Discussion:
National Review, Democracy in America and No More Mister Nice Blog
Jonathan Chait / The New Republic:
Drew Westen's Nonsense
Drew Westen's Nonsense
Discussion:
The Daily Dish, The Monkey Cage, The Daily Caller, msnbc.com, xpostfactoid, Lawyers, Guns & Money and Change of Subject
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.
Discussion:
The Caucus, ThinkProgress, The Mahablog, The New Republic, Bark Bark Woof Woof and American Power
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:
CNN, The Politico, Shakesville and New York Magazine
RELATED:
Jennifer Steinhauer / The Caucus:
House Leaders to End Page Program
House Leaders to End Page Program
Discussion:
Politics and AmSpecBlog
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.
Discussion:
Washington Wire, Washington Post, Political Punch, Weasel Zippers, TPMDC, Swampland and Hotline On Call
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.
Discussion:
Hot Air
Nate Silver / FiveThirtyEight:
Why S.&P.'s Ratings Are Substandard and Porous — Five years ago, if you were an investor looking for guidance on which country's debt was the safest to invest in, Standard & Poor's ratings wouldn't have done much to help you navigate the headwinds of the financial crisis.
Discussion:
Hot Air, MacroScope, TPMDC, The Huffington Post, Prairie Weather, Global Public Square and New York Times
RELATED:
Shira Ovide / Deal Journal:
Berkshire, Other Insurers Get ‘Negative’ Tag from S&P
Berkshire, Other Insurers Get ‘Negative’ Tag from S&P
Discussion:
Michelle Malkin, Don Surber, The Atlantic Online and Corrente
Mark Duell / Daily Mail:
Who ‘made $10bn on 10/1 bet that U.S. credit rating would be downgraded’? — A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating. — Now questions are being asked of whether the trader …
Discussion:
The Lonely Conservative, Don Surber, Weasel Zippers and nation.foxnews.com
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 …
Cornelia Dean / New York Times:
Groups Call for Scientists to Engage the Body Politic — When asked to name a scientist, Americans are stumped. In one recent survey, the top choice, at 47 percent, was Einstein, who has been dead since 1955, and the next, at 23 percent, was “I don't know.”
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
David Axe / Danger Room:
Did a New Taliban Weapon Kill a Chopper Full of Navy SEALs? — Updated 8:36 a.m. EDT. — The passengers and crew of the twin-rotor CH-47 Chinook helicopter probably never saw the rocket hurtling towards them. The explosion and fiery crash in Wardak province in eastern Afghanistan early …
Discussion:
ISAF Latest, The Atlantic Online, Guardian and The Gateway Pundit