Daily Fix, Aug 8

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*S&P downgraded our nation’s credit rating on Friday and the last 72 hours have been filled with polarized, partisan sniping. Why don’t we go straight to the source for the reasons for the downgrade? S&P ratings specialist John Chambers talks about those reasons.

*According to Politico, President Barack Obama “came out swinging against S&P on Monday — but Wall Street delivered an even harder 634-point punch in the gut over Washington’s handling of the debt and deficit crisis.” He announced he would unveil his own plan – but the White House had no time frame on when we should expect that plan.

*Governor Rick Perry is expected to announce his intentions to run for President of the United States at a RedState gathering this Saturday and from there, he heads to a New Hampshire event. He is expected to steal the thunder from the Iowa straw poll also happening on Saturday. Expect a big splash, then a whole lot of people looking a lot more closely at the governor from Texas.

*Closer to home, Congressman Jason Chaffetz began a week of town halls around the state. First on the schedule? Castle Dale, Utah, where the town hall turned into a tea party rally. Trib

*Meanwhile, potential rival Senator Orrin Hatch welcomed people to his new campaign offices in Murray – but couldn’t quite find the time to talk to the DREAM Act supporters who wanted to thank him in person. Hatch says he remains supportive of the DREAM Act, but acknowledges other things have to happen before it could be passed. Trib

*Riots are consuming London for the 3rd night in a row.  Some see it not as a protest, but an opportunistic crime spree. Scary. Fox 13

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