Pray Away the Dow

Reporting on Politics and Policy.
Aug. 8 2011 9:48 AM

Pray Away the Dow

DES MOINES, Iowa -- If you missed it, my story from the weekend about the Rick Perry-initiated day of prayer for economic relief is right here. There were more than 30,000 people in a stadium in Houston, asking God to forgive Americans for our trespasses, and praying for a leader to save us. It was really something.

We can only expect the prayers to up their volume today, as the markets re-open, and the effects of S&P's downgrade are felt. They're going to be bad, but how bad? No one knows. I ran into Rep. Louie Gohmert, R-Tex., at The Response, and the congressman who doubted that the truth was being told about potential downgrade said S&P's move might not be so bad, because the other two rating agencies hadn't moved. True in some cases, but there are firms that need certain amounts of AAA, not AA+, bonds on hand, and they'll have to start moving things around. How many? Who knows? But gold is up 2 percent today so far.

David Weigel is a Slate political reporter. 

TODAY IN SLATE

Politics

Meet the New Bosses

How the Republicans would run the Senate.

The Government Is Giving Millions of Dollars in Electric-Car Subsidies to the Wrong Drivers

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Cheez-Its. Ritz. Triscuits.

Why all cracker names sound alike.

Friends Was the Last Purely Pleasurable Sitcom

The Eye

This Whimsical Driverless Car Imagines Transportation in 2059

Medical Examiner

Did America Get Fat by Drinking Diet Soda?  

A high-profile study points the finger at artificial sweeteners.

The Afghan Town With a Legitimately Good Tourism Pitch

A Futurama Writer on How the Vietnam War Shaped the Series

  News & Politics
Photography
Sept. 21 2014 11:34 PM People’s Climate March in Photos Hundreds of thousands of marchers took to the streets of NYC in the largest climate rally in history.
  Business
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
  Life
Quora
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Tv Club
Sept. 21 2014 1:15 PM The Slate Doctor Who Podcast: Episode 5  A spoiler-filled discussion of "Time Heist."
  Arts
Television
Sept. 21 2014 9:00 PM Attractive People Being Funny While Doing Amusing and Sometimes Romantic Things Don’t dismiss it. Friends was a truly great show.
  Technology
Future Tense
Sept. 21 2014 11:38 PM “Welcome to the War of Tomorrow” How Futurama’s writers depicted asymmetrical warfare.
  Health & Science
The Good Word
Sept. 21 2014 11:44 PM Does This Name Make Me Sound High-Fat? Why it just seems so right to call a cracker “Cheez-It.”
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.