"time" magazine editor at large and joins us now. mark, i was struck, i was watching you on morning joe and i was struck by your take on the s&p issue and the way the white house was responding. and my sense was why not embrace this and say, look, you see how bad things can get, look at the 140 point decline on wall street yesterday, just in response to that, we have got to get serious, use that to light a fire against -- light a fire with the budget negotiator and make congress take notice. but you had a completely different interpretation. >> i don't -- standard & poor's doesn't ask me for help in figuring out the thai bond market and i don't look to them for political analysis. they're guessing but they have no particular insider expertise and less than a lot of people you and i both know about what is actually going to happen. there are a lot of reasons to think there could stillรง be a deal. i can tick them off quickly. but the question of what the white house should do in reaction to this, they have to be the adults in this. john boehner said they need to be adults in dealing with the