CRASS CAREERISM: Bloomberg’s Ambition To Be Treasury Secretary Seen Behind His Backing of Obama’s Jobs Plan. In Bloomberg’s defense, though, this explanation at least suggests he’s ambitious — as opposed to stupid, which he’d have to be to support the “plan” on the merits.

UPDATE: Reader Hale Adams writes: “You are entirely too charitable to Mr. Bloomberg in forgetting that ‘ambitious’ and ‘stupid’ are NOT mutually-exclusive qualities.”