Why President Obama loses by winning  —  The imminent passage of financial reform, just a couple months after the passage of comprehensive health care, should decisively end the narrative that President Obama represents a Jimmy Carter-style case of naïve hope crushed by the inability to master Washington.

Congress Passes Financial Oversight Reform  —  WASHINGTON — The sweeping expansion of federal financial regulation approved by Congress on Thursday and now headed to President Obama's desk reflects a renewed mistrust of financial markets after decades in which Washington stood back from Wall Street with wide-eyed admiration.

Oil leak stopped for first time since April  —  BP said Thursday that it has stopped oil from leaking out of its blown-out well in the Gulf of Mexico.  The gusher has been throttled for the first time since the April 20 blowout on the drilling rig Deepwater Horizon.

“Tea partier” Mark Williams writes ‘letter to Abe Lincoln’ ... from the ‘coloreds’  —  If you're feeling pissy that the NAACP condemned your witch doctor signage and you're out to prove that your movement isn't racist, wouldn't it help not to actually say anything that might be construed as racist?

Goldman Settles With S.E.C. for $550 Million  —  Updated Updated with confirmation of The New York Times's report about Goldman's $550 million settlement.  —  Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm …

Pretty Bad 2012 numbers for Obama  —  With his approval numbers hitting new lows it's no surprise that Barack Obama's numbers in our monthly look ahead to the 2012 Presidential race are their worst ever this month.  He trails Mitt Romney 46-43, Mike Huckabee 47-45, Newt Gingrich 46-45, and is even tied with Sarah Palin at 46.

CARLSON LAUNCHES OLBERMANN SITE  —  You may (or may not) have noticed that there's been a bit of a feud taking place between MSNBC's Keith Olbermann and the Daily Caller, the website run by (former MSNBC'r) Tucker Carlson.  —  The Caller — via its Twitter account, especially …

Breitbart to NAACP Chief: ‘Go to Hell!’  —  “Let me say something a tad newsworthy to the president of the NAACP.  You can go to hell. ...  I have tapes...tape of racism and it's an NAACP dinner.  You want to play with fire?  I have evidence of racism and it's coming from the NAACP.”

Byrd's successor to take oath Tuesday  —  The Senate will swear in the successor to the late Sen. Robert Byrd (D-W.Va.) at 2:15 pm next Tuesday, even though the identity of the new senator remains unknown.  —  Senate Majority Leader Harry Reid (D-Nev.) told colleagues Thursday that Democrats …

18th-Century Ship Found at Trade Center Site  —  In the middle of tomorrow, a great ribbed ghost has emerged from a distant yesterday.  —  On Tuesday morning, workers excavating the site of the underground vehicle security center for the future World Trade Center hit a row of sturdy …

Think Progress Caught Using Liberal-Manufactured Signs From “Crash the Tea Party” as Evidence of Tea Party Racism  —  Do you remember the abortive “Crash the Tea Party” movement?  It was the brainchild of a liberal that explicitly called for progressives to commit fraud in order to attempt to discredit the Tea Party protests.

Handel: Gay parents “not in the best interest of the child”  —  Former Secretary of State Karen Handel wrote what she calls a “sponsorship” check to a gay Republican organization called Log Cabin Republicans.  She was running for Fulton County Commission chairman at the time.

My Biggest Mistake in the White House  —  Failing to refute charges that Bush lied us into war has hurt our country.  —  Seven years ago today, in a speech on the Iraq war, Sen. Ted Kennedy fired the first shot in an all-out assault on President George W. Bush's integrity.

Three Million Imaginary Jobs  —  The White House says the stimulus worked beyond even its hopes.  Seriously.  —  It may be that the last people in America who believe that the $862 billion economic stimulus of February 2009 created millions of net new jobs are Vice President Joe Biden and the staff economists in the White House.

The Google Algorithm  —  Google handles nearly two-thirds of Internet search queries worldwide.  Analysts reckon that most Web sites rely on the search engine for half of their traffic.  When Google engineers tweak its supersecret algorithm — as they do hundreds of times a year …

Dem Rep Sheila Jackson Lee Tells NAACP: “All Those Who Wore Sheets a Long Time Ago Lifted Them Off to Wear Tea Party Clothing” (Applause!)  —  Representative Sheila Jackson Lee (D-TX) told the NAACP this week that those who wore sheets lifted them off and are now wearing tea party clothing.

Vatican: female ordination a crime  —  Revised Catholic rules put female ordination in same category of crime under church law as clerical sex abuse of minors  —  The Vatican today made the “attempted ordination” of women one of the gravest crimes under church law, putting it in the same category …

BP Faces Scrutiny in Lockerbie Case  —  LONDON — The oil giant BP faced a new furor on Thursday as it confirmed that it had lobbied the British government to conclude a prisoner-transfer agreement that the Libyan government wanted to secure the release of the only person ever convicted …

GOP abandoning McInnis; candidate vows to fight on  —  KDVR Denver  —  DENVER - Republican gubernatorial candidate Scott McInnis on Thursday denied reports that he plans to drop out of the race amid allegations of plagiarism.  —  “I am in it to win it.  We will continue to fight …