Top Items:
Patrick Allen / CNBC:
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 …
Paul Krugman:
A Self-Fulfilling Euro Crisis? (Wonkish) — There will probably be big action in the euro zone tomorrow; so, some quick analytical notes. — The big question, I believe, is whether the Italian and maybe Spanish crises are the kind of thing that might be brought under control by ECB bond purchases.
Discussion:
Financial Times, It's All Trivial …, Marginal Revolution and FT Alphaville
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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
Wall Street Journal:
ECB Moves to Prop Up Italy, Spain
ECB Moves to Prop Up Italy, Spain
Discussion:
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:
VentureBeat, DealBook and The Page
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.
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Julie Mason / The Politico:
Blame, insults traded over credit downgrade on Sunday shows
Blame, insults traded over credit downgrade on Sunday shows
Discussion:
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, Hot Air, Wizbang 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
Daily Mail:
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
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
Noel Sheppard / NewsBusters.org blogs:
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:
Booman Tribune, The Right Scoop and AMERICAN DIGEST
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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Ed Morrissey / Hot Air:
Opening on October 12, 2012: The Obama Is Totally Awesome blockbuster movie
Opening on October 12, 2012: The Obama Is Totally Awesome blockbuster movie
Discussion:
Le·gal In·sur·rec· tion and PoliPundit.com
Maureen Dowd / New York Times:
Downgrade Blues — BARACK OBAMA must wonder sometimes if his luck has run out.
Downgrade Blues — BARACK OBAMA must wonder sometimes if his luck has run out.
Discussion:
NewsBusters.org blogs, Weasel Zippers, nation.foxnews.com, Wizbang and Don Surber
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
Adam Clymer / New York Times:
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:
The Page
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, Sky Dancing, JammieWearingFool and Balloon Juice
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Ben White / The Politico:
Timothy Geithner to stay at Treasury
Timothy Geithner to stay at Treasury
Discussion:
The Note, New York Magazine, Gawker, Scared Monkeys and Hot Air
Dave Hill / Guardian:
Tottenham riots: This could happen in a dozen boroughs | Dave Hill — I don't know what could have been done to avoid last night's explosion of resentment and criminality. But I'm grimly confident of its potential elsewhere — The fires have been put out but the embers still burn hot …
Discussion:
Biased BBC and blogs.telegraph.co.uk
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Thomas L. Friedman / New York Times:
Win Together or Lose Together — IN the wake of the hugely disappointing budget deal and the S.& P.'s debt downgrade, maybe we need to hang a new sign in the immigration arrival halls at all U.S. ports and airports. It could simply read: “Welcome. You are entering the United States of America.
Discussion:
The Huffington Post and thomaspmbarnett.com