POT & KETTLE DEPARTMENT: Terry McAuliffe says Bush can’t condemn corporate misdeeds because he’s part of the problem. Matthew Hoy isn’t impressed. But I don’t think Hoy’s lengthy and impassioned response was necessary. All it takes are two words: “Global Crossing.” (Though Marc Racicot was defending McAuliffe not long ago, which must surely be bittersweet to the Dems.)

As I’ve said before the Democrats are in a poor position to cash in on the financial scandals, because they’re in just as deep as the Republicans. Terry McAuliffe is another example of that phenomenon.

UPDATE: Fritz Schranck sends this link to a post of his own on the subject. I love the notion of the “Claude rating.”