He’s about 50 minutes late so far, but honestly, isn’t that about par for the course? While we wait, enjoy these video flashbacks: We’ve lost a couple trillion in asset values in the market in the last handful of days. Is it too late to admit that we hope he fails?

John Chambers of S&P noted that Cut Cap and Balance was the only proposal that, had it become law, would have avoided the HISTORIC! credit downgrade. The Democrat-led Senate refused to vote on (and the President threatened to veto) CC&B after it passed the House in a bipartisan vote — a failure to compromise, in that CC&B agreed to raise the debt ceiling, as the Democrats were demanding, in exchange

Notes Limbaugh, Obama inherited a 5.7% unemployment rate and a AAA rating from George Bush. And now look! My. How unhelpful. Still, it’s spreading.

Michele Malkin on the latest attempt by the Mean Girl media to create an iconography that paints serious conservative women as batshit crazy. My. All that women’s studies and postmodern feminist activism sure has yielded some precious cultural fruit, hasn’t it? That’s right: You’ve come a long way, baby! [thanks to Darleen]

Roger Kimball: It’s worth thinking carefully about this brisk reveille that Standard & Poor’s has brought us. As Amilya Antonetti noted in her interview with Neil Cavuto, the business community was not surprised by the news. Mene Mene Tekel Upharsin: they had seen the writing on the wall for months. S&P issued a warning last spring, which prompted Timothy Geithner’s little “no risk” ejaculation. The narrative is now up for

Looks like it: The credit rating agency’s managing director, John Chambers, tells ABC’s “This Week” that if the fiscal position of the U.S. deteriorates further, or if political gridlock tightens even more, a further downgrade is possible. Chambers also said Sunday that it would take “stabilization and eventual decline” of the federal debt as a share of the economy as well as more consensus in Washington for the U.S. to

Again, as with most of what the GOP establishment peddles as “complicated” and difficult to explain, the “revenue” trap is easy to overcome. Boehner holds a press conference and says “everyone from both parties believes in raising revenues. Republicans do it through a promotion of prosperity and growth: when more people are working, and businesses are burdened less, revenues always increase, as [historical example X and historical example Y] clearly

Historic! What’s left to say, really? Hobbits rule, GOP establishment / Democrats / inside the Beltway pundit class both left and right, drool. Somebody do me a favor and send Bill Kristol a nice fancy cheese log. **** update: I honestly can’t get over the audacity. J Pod, Commentary: The Left will and is already blaming the Tea Party and Republicans. The Right will and is blaming the growth of

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The First Amendment is for purists and extremists, evidently. And sensible, sober, realistic political thinkers like John Kerry know when it’s time to call a Hobbit a Hobbit and boot those hairy-footed, do-gooder midgets back to the idealistic fantasy land that belched them forth, lest people begin taking them too seriously as an alternative to the sensible, sober, realistic political establishment — one that believes unemployment benefits create jobs, and