“You can’t explain it in 30 seconds, so politicians just ignore it.”
-Rep. Bart Stupack, quoted in the Taibbi-penned Goldman Sachs article.
(Stupack, a member of the House energy committee, was specifically referring to the political misframing of the oil price bubble of last year. But that statement could apply to virtually any political action in the last twenty years.)

I know his style rubs some people the wrong way, but Matt Taibbi cracks me up and reminds me of a really clever friend you would debate economic policy with over shots of Jack Daniels. Taibbi’s fantastic piece (the opening paragraph alone is enough for a wordgasm) on Goldman Sachs is now up in full at the Rolling Stone website.

Protests in Georgia (the country): Thousands of Georgians have taken to the streets in protest, demanding that President Mikhail Saakashvalli step down.

Matt Taibbi, writing about the NYTimes op-ed “Dear AIG, I Quit!” by former AIG Financial Products employee Jake DeSantis:

Whether one agrees with his conclusions or not, Matt Taibbi is always worth a read when he gets ahold of a subject like B-Rod. But we disagree on whether the Senate Dems could have done anything other than what they ultimately did regarding the Blagojevich/Burris situation.