The credit crisis explained... Obama's speech

I had actually written a post sarcastically picking apart the difference between the Spitzer sex scandal and the Paterson sex scandal (fyi, in NY State, adultery is a class B misdemeanor, so technically they were both illegal) and why none of it really matters. But figuring (or hoping) that you, like me, had had enough with all the hype and hypocrisy decided to delete it and provide you with some news you could use.

So this morning I am sharing with you this most excellent article, written by the NYT's David Leonhardt, on how the current credit crisis came about. Read it and weep.

I also wanted to direct you to today's post by fellow blogger "Betty Cracker," on "American tribalism & why Obama will most likely lose PA." I know a lot has already been written about Obama's speech on racism, which he gave yesterday, and which greatly impressed me and apparently a lot of other folks. (OMG, a politician who can write a speech, and an eloquent, articulate one at that!) But Ms. Cracker's take is well worth a read.