Call it what you will — an August Occasion, Summery Judgment, Iowa ... wa ... whatever — the hype is hyperbolic this week as Republican presidential aspirants converge on Ames, Iowa, like storm clouds on an open prairie.
The political blame game that has followed Standard & Poor's U.S. debt downgrade has been dismally predictable.Democrats point fingers at the Tea Party wing of the Republican Party. Republicans condemn President Obama for an inability to lead.
When Standard & Poor's downgraded the United State's credit rating, it said that the "effectiveness, stability and predictability of American policymaking and political institutions have weakened." In other words, S&P was down on Washington's dysfunction, distrust and gridlock.
It could have been a typical service at any megachurch in the South, with a tight band, a great choir, big-screen projection, and a large congregation swaying and praying. But the speaker who drew the biggest response at the prayer rally in Houston on Saturday was Texas Gov.
Republicans and Democrats quickly doled out blame to each other and China weighed in angrily after the first-ever downgrade in America's sterling credit rating — an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S.