Stephen Colbert on America's Credit Downgrade and Rick Perry's ColbertPAC Upgrade

You ever have one of those weeks where it seems no matter how many blood sacrifices you make to your tribal deity, things don't get any easier? This is totally one of those weeks!

Coverage continues with Rick Perry's patriotic non-political America prayers after the jump.

The Colbert Report airs Monday through Thursday at 11:30pm / 10:30c.

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Tags: Belgium, Bill of Rights, Christianity, Colbert Super PAC, Constitution, Debt, Dow Jones, Economy, Iowa, Iowa Straw Poll, Money, New Zealand, Primaries, Religion, Republicans, Rick Perry, Standard & Poor's, Texas, Wall Street

Jon Stewart on America's New AA+ Credit Rating

I choose not to think of this as the U.S. losing an A in it's credit rating. I prefer to think of it as us gaining an F in our A.

The Daily Show airs Monday through Thursday at 11pm / 10c.

Tags: Debt, Economy, House of Representatives, John Boehner, Jon Stewart, Money, Standard & Poor's, Tea Party, The Daily Show, Video, Wall Street

Donald Trump Not Quite Done Playing Presidential Candidate

Good news! Donald Trump has apparently discovered a new way to make people hopefully point more television cameras at him and make-believe  he has important stuff to say about stuff and other things…

In a phone interview from New York Monday afternoon with CNN, Donald Trump said he "would seriously consider" [running for President.] While discussing the recent downgrade by Standard and Poor's, Trump said the creeping economic downturn was the impetus behind him re-visiting the question of a run.

"If the economy continues to go the way it's going, and if the Republicans pick the wrong candidate, I would certainly consider it," Trump said… "I would seriously consider [running] as an independent," Trump said. "I think it's maybe time for that."

With all due respect to Mr. Trump, I don't think it's quite time for that just yet. I mean, Celebrity Apprentice probably won't start running till March of next year, so I'm thinking he should hold off any announcements until January at the earliest.

That'd be the real sweet spot from a marketing perspective.

Photo by David Becker/Getty Images News/Getty Images

Tags: Debt, Donald Trump, Economy, Independent, Primaries, Republicans, Standard & Poor's, Third Party

Stock Market Commits Suicide After U.S. Credit Rating Downgraded

Does anybody know how Wall Street responded just at the beginning of the fall of Rome?

Wall Street stocks plummeted Monday morning on the first-ever downgrade of the United States' credit rating, with the Dow Jones Industrial Average plunging as much as 380 points in the first hour of trading.

The move by Standard & Poor's over the weekend to cut the U.S. rating from AAA to AA-plus shook confidence among global investors and added to worries that the world’s largest economy could sink into a double-dip recession.

Investors dumped stocks and fled into safe havens such as gold, which rose to record highs of more than $1,700 an ounce.

Oh… my… God! This is more serious than I thought!I never thought I'd actually see this day, and now that's upon me, I almost feel like I'm hallucinating.

Glenn Beck was right!

(I'm scared…)

Photo by Mario Tama/Getty Images News/Getty Images

Tags: Debt, Economy, Glenn Beck, Money, Standard & Poor's, Wall Street