PROFESSOR JACOBSON summarizes Obama’s acceptance speech.

POLITICO: In DNC speech, Joe Biden ‘literally’ lambasted on Twitter.

CHANGE: Wayne Root leaves Libertarian Party, backs Romney.

Wayne Allyn Root, 2008 Libertarian Party’s Vice Presidential nominee and political commentator, resigned this morning from the Libertarian National Committee (LNC) to, according to his resignation letter, “elect good people and change the direction of this country outside of a third party.”

In the letter to the LNC, which is available at Independent Political Report, Root explains that his decision much is not unlike those of previous Libertarian Party presidential candidates, including Ron Paul and David Koch; both of whom left the LP to become prominent Republicans.

When I asked if he was now backing Mitt Romney, Root responded, “I am,” adding, “I don’t deny that Romney and Ryan aren’t libertarians, but Romney is a pro-business capitalist and Obama is a Marxist-socialist.”

“The economy has been trashed. This is about my kids’ future, it’s about my businesses,” said Root. “There is no hope for America if Obama is re-elected.”

Ouch.

JOURNALISM: “Members of the media have apparently been using ‘fake’ names to buy official Obama gear and contribute to the Obama campaign inside the Time Warner Cable Arena.”

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RAND SIMBERG: The False Narratives of the Obama Campaign: How Romney can fight back against “The Big Lie.” “The Republicans need to go on the offensive and take back control of the narrative with the truth — that the downturn occurred as a result of policies primarily promulgated by the Democrats.”

UPDATE: Reader Lauren Deal writes: “I’ve read through the Simberg commentary twice. I wish I could doodle big stars, arrows, and circles around it, just in case Romney’s folks really are reading Instapundit. In law student fashion, I would highlight the concluding paragraphs. Romney must take back the narrative. Key to that end is reminding us that the Dems had Congress 2007-2010, yet Pres. Obama did not fulfill his promises; furthermore, Romney must distinguish himself – and even distance himself – from Bush. Frankly, I would welcome Romney’s criticism of certain Bush policies.”

TAX FOUNDATION: Romney’s Tax Plan Is Far Closer to Simpson-Bowles Than Obama’s Tax Plan.

HARVARD: The Cheating Of The Chosen. “My working assumption is that these kids will get off with a slap on the wrist. The meritocracy does not eat its own young. With such widespread cheating in this course this not a matter of intellectual incompetents, but very smart kids who simply wanted to push their advantages on the margin. This is the university that was sending half its graduates to investment banks a few years ago, so what’s new?”

Much more here.

WHILE OUR LEADERS PARTY IN CHARLOTTE, Italy is unraveling. Upside: European money-printing offers a short-term boost to stocks.

REMINDER: Obama Already Knows Tomorrow’s Jobs Number.

NOPE, HE’S IN THE SAME BOAT AS THE REST OF US — BETTER OFF UNDER BUSH: John Kerry: ‘Ask Osama bin Laden if he’s better off than he was four years ago.’

ANN ALTHOUSE IS LIVEBLOGGING THE DEMOCRATIC CONVENTION.

UPDATE: “As a tribute to servicemen and women goes on at the convention, email from Obama comes in, saying, ‘Ann — Before I go on stage to accept the nomination, there’s one thing I need to say… Can you pitch in $25 or more right now?'”

#CHINLEADING: Eva Longoria Speech At 2012 Democratic Convention: I Don’t Need A Tax Break.

Well, then, let’s Repeal The Hollywood Tax Cuts! And, while we’re at it, crack down on that shady “Hollywood Accounting.”

SELF-DEFENSE FOR THE SELF-DRIVING CAR: “As more autonomous robots go out into the field, their creators struggle with figuring out how to defend them from thieves and mischief-makers.”

PEOPLE KEEP EMAILING ME ABOUT STACY MCCAIN’S WEBSITE: I can see it fine, but some people can’t. I assume it’s some sort of DNS issue. Stacy is aware of the problem.

#MATH: Average Age of DNC Speakers More Than 10 Years Older Than RNC Speakers.

FROM ENTITLEMENT STATE TO ENTITLED STATISTS: GSA official reprimanded for planning party to celebrate herself. “The General Services Administration’s Julia Hudson was ready to party last month, inviting roughly 1,200 federal employees to celebrate the second anniversary of her appointment as the scandal-scarred agency’s National Capital Region administrator.”

BYRON YORK: Does it matter if Obama’s speech is good or bad? Probably not. “Oh yeah, we know he can talk. We’ve heard it all before. It’s what he’s done that matters.”

RACIST: Barney Frank calls gay Republican group “Uncle Toms.”

CHANGE: The Algorithmic Copyright Cops: Streaming Video’s Robotic Overlords.

As live streaming video surges in popularity, so are copyright “bots” — automated systems that match content against a database of reference files of copyrighted material. These systems can block streaming video in real time, while it is still being broadcast, leading to potentially worrying implications for freedom of speech.

On Tuesday, some visitors trying to get to the livestream of Michelle Obama’s widely lauded speech at the Democratic National Convention on Tuesday were met with a bizarre notice on YouTube, which said that the speech had been blocked on copyright grounds.

On Sunday, a livestream of the Hugo Awards — the sci-fi and fantasy version of the Oscars — was blocked on Ustream, moments before Neil Gaiman’s highly anticipated acceptance speech. Apparently, Ustream’s service detected that the awards were showing copyrighted film clips, and had no way to know that the awards ceremony had gotten permission to use them.

Last month, footage from NASA’s triumphant Curiosity rover landing was blocked numerous times on YouTube, despite being in the public domain, because several companies — such as Scripps Local News — claimed copyright on the material.

Those incidents foretell an odd future for streaming video, as bandwidth and recording tools get cheaper, and the demand for instant video grows.

It’s important to, yes, Repeal The Hollywood Tax Cuts! but we also need copyright reform that limits the ability of rights-holders to squelch expression — and that makes them liable for stiff damages when they overstep.

MY LITTLE CRONIES (CONT’D): Documenting corruption in the Obama administration. “Unlike prior administrations, Team Obama has been brazen, shameless, and unapologetic about its cronyism. Its members have bragged about its results when they’ve been even remotely positive and pooh-poohed the far more numerous and financially devastating failures as mere costs of doing the government’s business. Ultimately, they and their comrades who pretend to be in the ‘private sector’ want Americans to buy into the idea that cronyism on steroids is the only way things can get done in what is an otherwise opportunity-barren, unfair world.”

A QUESTION ABOUT CHARLOTTE AND STADIUM MATH FROM A READER:

Math still seems to be the Dems’ big enemy.

Consider:

Obama’s people are claiming that there was no problem w/ filling Bank of America stadium, and that the shift is TOTALLY b/c of weather.

In fact, they’re claiming, they had NINETEEN THOUSAND on a wait-list to get in.

Is this credible?

Bank of America stadium capacity = 71K
Wait list (can’t get in) = 19K
New venue capacity = 22K

That means that there are 68 THOUSAND disappointed people for tonight. That they had 90 THOUSAND people ready to fill BoA stadium. For a city of 750K, that’s almost 10 PERCENT of the population disappointed, and over 10 percent waiting to get in?

Why bus in people (and where are they now?)? Why give away tix at bars? Most of all, where are all these people going to be tonight??

Where are the fact-checkers on this?

Er, in the tank?

COMING: The world’s fastest and tallest looping rollercoaster.

SO IS THIS GOOD OR BAD? Flipboard Brings Glossy Print-Style Ads to the iPad.